China Fusion Energy Co., Ltd. established in Shanghai

China Fusion Energy Corporation was officially established at a meeting held in Shanghai on July 22nd. This newly established company is a subsidiary of China National Nuclear Corporation. As a key player in advancing the commercialization and industrialization of fusion energy in China, China Fusion Energy Corporation will focus on overall design, technical verification, digital research and development, and establish technology research and development platforms and capital operation platforms. During the meeting, China Fusion Energy Corporation signed an agreement with Shanghai Jiao Tong University, China Electrical Equipment Group, Shanghai Electric Group, Shenergy Group, and other units in Shanghai to deepen cooperation in fusion innovation. China Fusion Energy Corporation also signed an agreement to increase capital and expand shares with shareholders including China National Nuclear Corporation, China Petroleum Kunlun Capital, Shanghai Future Fusion, China Nuclear Power, Zhejiang Energy Power, National Green Development Fund, and Sichuan Heavy SciTech Fusion.