Fujikura stock: MOU targets European HTS tape base with Proxima

Fujikura has signed a memorandum of understanding with Proxima Fusion to examine the supply of high-temperature superconducting tape and the feasibility of local production in Germany. Fujikura announced the agreement on Thursday, October 29, 2026, in a press release.

The companies plan a phased assessment of the technical, commercial and economic requirements for stable HTS tape supply and potential production, primarily in Germany. The proposed cooperation would combine Fujikura's manufacturing expertise with Proxima's expected long-term demand for fusion power plants. HTS tape is used in superconducting magnets that create the strong magnetic fields needed in compact, high-field stellarators.

Fusion demand shapes the case

Proxima expects its Alpha demonstration device to require approximately 20,000 kilometres of HTS tape. Each future Stellaris commercial plant is expected to require approximately 40,000 kilometres. Those figures describe anticipated requirements for projects under development and provide a basis for evaluating future production capacity.

Fujikura's release says Proxima has raised more than 650 million euros and is developing stellarator plants based on the QI-HTS concept. Alpha is targeted as a net-energy fusion demonstrator for the early 2030s, while Stellaris is planned as a commercial stellarator project later in that decade. The timetable leaves the potential supply platform dependent on further technical and economic work.

The memorandum therefore gives Fujikura a potential role in a European fusion supply chain, but the immediate step is an assessment of feasibility. The announcement does not provide production capacity, investment totals, revenue guidance or a delivery schedule for Fujikura. For investors, the relevance lies in the possibility of future demand for HTS manufacturing rather than in a confirmed order booked with the agreement.

Fujikura stock remains in focus

The real-time quote of Fujikura stock was 22.28 euros at Lang & Schwarz on Friday, October 30, 2026, at 09:35 Berlin time.

The market will next focus on the outcome of the joint study, including whether a German production base is technically and economically viable and whether the partners define a concrete investment plan. Fujikura's wider earnings trajectory and its ability to turn emerging HTS demand into manufacturing revenue remain central to the longer-term investment case.

Broader market context is available in the current market reports.

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