CNBC(@CNBC):The race is on to build the world’s first commercial fusion power plant — and one of Europe’s leading contenders in the field has just received a boost. Munich-based Proxima Fusion signed memoranda of understanding with two Japanese industrial partners, Fujikura and Kyoto Fusioneering, in Tokyo on Oct. 28. Japanese Prime Minister Sanae Takaichi and German Chancellor Friedrich Merz — who was visiting in a bid to deepen trade ties

2026.11.07 12:00

The race is on to build the world’s first commercial fusion power plant — and one of Europe’s leading contenders in the field has just received a boost. Munich-based Proxima Fusion signed memoranda of understanding with two Japanese industrial partners, Fujikura and Kyoto Fusioneering, in Tokyo on Oct. 28. Japanese Prime Minister Sanae Takaichi and German Chancellor Friedrich Merz — who was visiting in a bid to deepen trade ties — were both in attendance. Read more: