Lates News

[Star Device Fusion Enterprise "YanChao Fusion" Completes Several Hundred Million Yuan Pre-A Round Financing] On October 13, YanChao Fusion announced that the company completed a Pre-A round financing of several hundred million yuan in the third quarter, jointly invested by industrial and financial investment institutions including Yanshan Technology, Hongyuan Investment Group, Wanlian Guangsheng, and Hongshan Capital. It is reported that YanChao Fusion currently has a full-time team of nearly 60 people and nearly 10 senior consultant experts, covering fields such as fusion physics, device engineering, superconducting magnets, and superconducting applications. The company plans to build three generations of stellarator devices YF-1/2/3. YanChao Fusion stated that the company is committed to the commercialization of stellarator fusion power generation, and in the short to medium term can generate revenue by applying its core superconducting technology to the energy, industrial, medical, and aerospace sectors.