Zhejiang Zheneng Electric Power (600023.SH) plans to invest about 750 million yuan in a Chinese fusion energy company with a forward-looking layout in the field of fusion energy.

Zhejiang Zheneng Electric Power (600023.SH) announced that in order to layout in the field of nuclear fusion energy in advance, the company plans to increase its stake in China Fusion Energy Co., Ltd. by way of capital injection, with an investment amount of approximately 750 million yuan. The announcement stated that controlled nuclear fusion technology is still in the development stage, and breakthroughs in technology require long-term research and significant financial investment, with uncertain results.