Key Points
- The China National Fusion Energy Company (中国聚变能源有限公司) officially launched in Shanghai on July 22, 2025, as a direct subsidiary of China National Nuclear Corporation (CNNC) (中核集团).
- Its mission is to be the core innovation hub for China’s fusion energy strategy, focusing on the engineering and commercialization of fusion technology.
- The company is building a fusion innovation consortium by collaborating with key academic and industrial leaders like Shanghai Jiao Tong University (上海交通大学) and Shanghai Electric Group (上海电气集团).
- Backed by a powerful syndicate of state-backed funds and corporations, including CNNC, Kunlun Capital (昆仑资本), and the National Green Development Fund (国家绿色发展基金), underscoring China’s significant financial commitment to fusion power.
China’s National Fusion Energy Company just made its official debut in Shanghai, signaling a monumental push to commercialize the holy grail of clean energy.
Launched on July 22, 2025, the new entity, officially named the China National Fusion Energy Company (Zhongguo Jubian Nengyuan Youxian Gongsi 中国聚变能源有限公司), is a direct, second-level subsidiary of the state-owned giant, China National Nuclear Corporation (CNNC) (Zhonghe Jituan 中核集团).
This move isn’t just about research.
It’s about turning fusion power from a scientific dream into a commercial reality.
The Mission: From Lab to Market
So, what’s on the a genda for this new powerhouse?
The company is positioned as the core innovation hub for China’s entire fusion energy strategy.
Its primary focus is to drive the engineering and, most importantly, the commercialization of fusion technology.
Here’s the game plan:
- Overall Design: Architecting the future of fusion power plants.
- Technology Verification: Rigorously testing and proving the core technologies at scale.
- Digital R&D: Leveraging advanced digital tools and simulations to accelerate progress.
- Platform Building: Establishing dedicated platforms for both technology R&D and capital operations to streamline innovation and funding.
- Overall Design: Architecting future fusion power plants.
- Technology Verification: Rigorous testing and proving of core technologies.
- Digital R&D: Utilizing advanced tools and simulations.
- Platform Building: Establishing R&D and capital operations platforms.
- Shanghai Jiao Tong University: Leading academic partner.
- China Electrical Equipment Group: Industrial expertise.
- Shanghai Electric Group: Industrial expertise.
- Shenergy Group: Energy sector partner.
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The Dream Team: Building an Innovation Consortium
You don’t tackle a challenge like fusion energy alone.
The China National Fusion Energy Company is building an absolute dream team by signing cooperation agreements with a lineup of Shanghai-based industrial and academic leaders.
This fusion innovation consortium includes:
- Shanghai Jiao Tong University (Shanghai Jiaotong Daxue 上海交通大学)
- China Electrical Equipment Group (Zhongguo Dianqi Zhuangbei Jituan 中国电气装备集团)
- Shanghai Electric Group (Shanghai Dianqi Jituan 上海电气集团)
- Shenergy Group (Shenneng Jituan 申能集团)
This blend of top-tier academia and heavy industrial expertise is a classic strategy to bridge the gap between theoretical research and real-world application.
Follow the Money: A Stacked Roster of Investors
The capital backing this venture is just as impressive.
The company locked in capital increase and share expansion agreements with a powerful syndicate of state-backed funds and corporations, signaling deep financial commitment from the highest levels.
The key shareholders are:
- CNNC (Zhonghe Jituan 中核集团) – The parent company and nuclear energy behemoth.
- Kunlun Capital (Kunlun Ziben 昆仑资本) – The venture arm of energy giant PetroChina (Zhongguo Shiyou 中国石油).
- Shanghai Future Fusion (Shanghai Weilai Jubian 上海未来聚变)
- China Nuclear Power (Zhongguo Hedian 中国核电)
- Zhejiang Energy Group (Zheneng Dianli 浙能电力)
- National Green Development Fund (Guojia Lüse Fazhan Jijin 国家绿色发展基金) – A clear nod to the project’s national strategic importance for sustainability.
- Sichuan Heavy Industry Fusion (Sichuan Chongke Jubian 四川重科聚变)
This strategic investment from energy players, provincial power groups, and a national green fund underscores a coordinated, nationwide strategy.
It’s a clear signal that China is placing a massive bet on fusion power as a cornerstone of its future energy infrastructure.
For investors, founders, and tech watchers, the launch of the China National Fusion Energy Company is a pivotal moment in the global race for clean energy, and all eyes will be watching its progress.
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