State-owned enterprises lead a 1 billion yuan A-round financing, and the Star Fusion Energy Fusion New Project settles in Shanghai.

According to StarRing Fusion Energy, the company recently completed a 1 billion yuan Series A financing, with the funds being used to advance the construction of the next-generation fusion device, helping the company achieve the goal of completing engineering verification around 2028 and building a fusion reactor capable of outputting electricity around 2032.