China Just Launched a New Fusion Energy Company — Here’s What You Need to Know

Key Points

On July 22, 2025, China Fusion Energy Co., Ltd. (中国聚变能源有限公司) was launched as a direct, second-tier subsidiary of the China National Nuclear Corporation (CNNC) (中核集团), signaling a major strategic push for commercial fusion.
The company’s primary mission is to become the main innovation hub for engineering and commercializing fusion energy in China, with strategic priorities including overall system design, technology verification, and digital R&D.
It immediately formed a joint fusion innovation consortium with key partners like Shanghai Jiao Tong University (上海交通大学) and Shanghai Electric Group (上海电气集团).
Major funding comes from a diverse coalition of state-owned enterprises and funds, including CNNC, China National Petroleum Corporation (CNPC) Kunlun Capital, and the National Green Development Fund (国家绿色发展基金).

China’s race for fusion energy just got a massive institutional boost with the official launch of a new state-backed powerhouse in Shanghai.

On July 22, 2025, China Fusion Energy Co., Ltd. (Zhongguo Jubian Nengyuan Youxian Gongsi, 中国聚变能源有限公司) officially opened its doors, signaling a major strategic push to transition fusion power from the lab to the commercial grid.

This isn’t just another startup. It’s a direct, second-tier subsidiary of the China National Nuclear Corporation (CNNC) (Zhonghe Jituan, 中核集团), one of the country’s largest state-owned enterprises.

Let’s break down what this means.

Meet the New Player: China Fusion Energy Co., Ltd.

Think of this new company as the dedicated vehicle to turn China’s fusion research into a real-world, energy-producing business.

Its primary mission is clear: to become the main innovation hub for engineering and commercializing fusion energy across the country.

By operating under the CNNC umbrella, it has the backing, resources, and political weight of a nuclear giant, giving it a serious competitive edge in the global race for clean energy.

China Fusion Energy Co., Ltd. Overview
Aspect	Detail
Launch Date	July 22, 2025
Parent Company	China National Nuclear Corporation (CNNC)
Mission	Main innovation hub for engineering and commercializing fusion energy
Location	Shanghai, China

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The Game Plan: From Lab to Grid

So, what’s the playbook? The company is laser-focused on the practical challenges of making fusion power a reality.

Their strategic priorities include:

Overall System Design: Essentially, creating the complete architectural blueprints for future fusion power plants.
Technology Verification: Rigorously testing and validating all the critical components and systems to ensure they are safe, reliable, and efficient. This is where the science meets real-world engineering.
Digital R&D: Using advanced digital tools, simulations, and AI to accelerate research and development, cutting down on time and cost.

On top of this, they’re building out two foundational platforms:

1. A technology research and development platform: To centralize and streamline innovation.

2. A capital operations platform: To manage the massive investments required for a moonshot project like fusion energy.

Strategic Priorities & Foundational Platforms

Strategic Priorities:
– Overall System Design
– Technology Verification
– Digital R&D
Foundational Platforms:
– Technology Research and Development Platform
– Capital Operations Platform

Power in Partnerships: Who’s on Board?

No one builds the future alone. At its launch, China Fusion Energy Co., Ltd. immediately inked agreements to form a joint fusion innovation consortium.

This brings together some of Shanghai’s heaviest hitters from academia and industry:

Shanghai Jiao Tong University (Shanghai Jiaotong Daxue, 上海交通大学): A top-tier research university bringing deep academic and scientific expertise.
China Electric Equipment Group (Zhongguo Dianqi Zhuangbei Jituan, 中国电气装备集团): A massive state-owned enterprise specializing in the gear needed for power grids.
Shanghai Electric Group (Shanghai Dianqi Jituan, 上海电气集团): A major manufacturer of power generation and industrial equipment.
Shenergy Group (Shenneng Jituan, 申能集团): A leading energy investment and management company based in Shanghai.

This blend of research, manufacturing, and energy a distribution is a classic playbook for turning complex technology into national infrastructure.

Joint Fusion Innovation Consortium Partners

Shanghai Jiao Tong University
China Electric Equipment Group
Shanghai Electric Group
Shenergy Group

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Follow the Money: The Heavy Hitters Backing China’s Fusion Dream

The company also locked in major funding through capital increase and share expansion deals.

The shareholder list reads like a “who’s who” of China’s state-led industrial and financial strategy:

CNNC (Zhonghe Jituan, 中核集团): The parent company and nuclear energy leader.
China National Petroleum Corporation (CNPC) Kunlun Capital (Zhongguo Shiyou Kunlun Ziben, 中国石油昆lun 资本): The venture arm of a national oil and gas giant, signaling a strategic hedge and pivot toward future energy.
Shanghai Future Fusion (Shanghai Weilai Jubian, 上海未来聚变): A specialized player focused on the fusion space.
China Nuclear Power (Zhongguo Hedian, 中国核电): A publicly listed arm of CNNC focused on nuclear power generation.
Zhejiang Energy Group (Zheneng Dianli, 浙能电力): A major provincial energy company.
National Green Development Fund (Guojia Lüse Fazhan Jijin, 国家绿色发展基金): A national-level fund dedicated to green projects, underscoring fusion’s role in China’s decarbonization goals.
Sichuan Heavy Industry Fusion (Sichuan Zhongke Jubian, 四川重科聚变): A regional player with a focus on a high-tech industry.

This diverse coalition of state-owned giants, green funds, and specialized firms shows a coordinated, national-level commitment to winning the fusion race.

The launch of China Fusion Energy Co., Ltd. is a landmark event, putting the world on notice that the country is mobilizing serious capital and industrial might to commercialize China’s fusion energy ambitions.

Major Shareholders of China Fusion Energy Co., Ltd.