GreenergyDaily

Jul. 23, 2025

China Fusion Energy Co., a new subsidiary of China National Nuclear Corporation (CNNC), was officially launched in Shanghai on July 22. The company is backed by more than 10 billion yuan in funding from CNNC, Zhejiang Energy, and CNPC’s Kunlun Capital.

As a key player in China's fusion push, the company will focus on design, technology verification and digital R&D.

Global fusion energy investment has seen a surge, with an influx of $2.64bn since July 2024 marking the largest annual increase since 2022, as reported by Reuters citing a report by Fusion Industry Association.

The financial influx was noted across key regions such as the US, the European Union (EU), Japan, China and the UK.

The Fusion Industry Association, based in Washington, US, reported that total funding for the 53 surveyed fusion companies now stands at close to $9.77bn - a five-fold increase since 2021.