Hua Xia Shi Bao·2025-07-25 11:54Core Insights - Two major nuclear power companies, China Nuclear Power Co., Ltd. and Zhejiang Energy Power Co., Ltd., announced investments in China Fusion Energy Co., Ltd., with China Nuclear Power investing 1 billion yuan for a 6.65% stake and Zhejiang Energy Power investing approximately 751 million yuan for a 5% stake [2][3] Investment Details - The total investment from multiple parties, including Kunlun Capital and Shanghai Fusion, exceeds 10 billion yuan, with a collective investment of approximately 11.49 billion yuan for new registered capital [3][4] - After the investment, the registered capital of Fusion Company will reach 15 billion yuan, with China National Nuclear Corporation's shareholding reduced to 50.35% [4] Company Background - China Fusion Energy Co., Ltd. was established in 1983 and is the implementation body for the nuclear fusion energy industry under the China National Nuclear Corporation [3] - The company has not yet generated revenue and reported a net loss of over 200 million yuan for 2024 [7] Strategic Importance - The investments are seen as strategically significant for both China Nuclear Power and Zhejiang Energy Power, aligning with national energy security and environmental protection goals [8][9] - The investment allows Zhejiang Energy Power to enter the nuclear fusion sector, marking a strategic shift towards future energy development [8] Market Context - The controlled nuclear fusion technology is still in development, facing high technical challenges and requiring substantial funding, with no clear commercial pathway established yet [8][9] - Industry experts note that while nuclear fusion represents a clean energy future, significant technical and economic hurdles remain before commercialization can be achieved [9]