证券时报·2025-07-22 15:36Core Viewpoint - The establishment of China Fusion Energy Company marks a significant step in advancing controlled nuclear fusion technology in China, with a focus on commercialization and innovation in the sector [1][3]. Group 1: Company Establishment and Investment - China Fusion Energy Company was officially established on July 22, with a focus on overall design, technology verification, and digital R&D [1]. - The company secured approximately 11.49 billion yuan in investments from several stakeholders, including China National Nuclear Corporation and China Nuclear Power, with a new registered capital of 15 billion yuan [3][4]. - The investment structure shows a significant reduction in the ownership of China National Nuclear Corporation from 100% to 50.35% post-investment [4]. Group 2: Future Development Plans - China Fusion Energy Company plans to develop nuclear fusion technology through a three-step approach: pilot experimental reactors, demonstration reactors, and commercial reactors [5]. - The company has signed cooperation agreements with various institutions, including Shanghai Jiao Tong University and Shanghai Electric Group, to enhance innovation in fusion technology [5]. Group 3: Industry Context and Support - Fusion energy is recognized as a disruptive technology, with global competition intensifying in this field [7]. - Shanghai is prioritizing fusion energy as a key area for technological advancement and talent development, focusing on high-temperature superconductors and other core technologies [7]. - The establishment of the Shanghai Superconductor Technology Co., which specializes in high-temperature superconductors, highlights the region's commitment to advancing fusion energy applications [7][8]. Group 4: Collaborative Efforts - The Shanghai government is supporting the formation of a fusion energy innovation alliance to promote collaboration across the industry [8]. - Energy Singularity, a fusion energy startup, aims to provide comprehensive solutions for fusion reactors and is working on the next-generation device, Honghuang 170, expected to be operational by 2027 [8].