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China launches fusion energy firm with $1.6bn investment from SOEs

Nikkei Asia · last updated

China officially launched a national fusion energy company on Tuesday, backed by investment from leading state-owned nuclear and energy firms — a move seen as a significant step toward the commercialization of fusion power, long considered the “holy grail” of clean energy.

China Fusion Energy, a wholly owned subsidiary of China National Nuclear Corp. (CNNC), held its inauguration ceremony in Shanghai. The new venture aims to lead the development of controllable nuclear fusion technology as part of China’s long-term strategic energy plan.

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