On July 22, the inauguration ceremony of China Fusion Energy Co. Ltd took place in Shanghai. Shanghai Mayor Gong Zheng attended the event and jointly unveiled the company with Shen Yanfeng, Chairman of China National Nuclear Corporation (CNNC). This subsidiary of CNNC serves as a pivotal force in propelling China's fusion engineering and commercialization efforts. The company's strategic tasks include system design, technology validation, and digital R&D, alongside the establishment of platforms for technological research and capital operations.

At the event, China Fusion Energy signed a cooperation agreement for a fusion innovation consortium with Shanghai Jiao Tong University and other local institutions. The company also signed a capital increase and share expansion agreement with its shareholders, including the National Green Development Fund Co., Ltd..

As one of the most advanced technologies, fusion energy has emerged as a new frontier where countries are racing to establish their presence. Shanghai has identified fusion energy as a key focus in developing cutting-edge science and future industries. The city is taking the lead in advancing critical technologies such as high-temperature superconductivity, while fostering top-tier innovation entities and talent teams. Moving forward, Shanghai will continue to strengthen collaboration with various partners, support the formation of a fusion energy innovation alliance, and promote coordinated development across the entire industry chain. Efforts will also be made to optimize the innovation ecosystem of fusion energy, enhance innovation density and industrial clustering in key areas, and jointly build a globally influential hub for fusion energy innovation.

The establishment of China Fusion Energy marks a significant step forward in the development of fusion energy as a future strategic industry led by State-owned enterprises. It opens a new chapter in building a world-class fusion energy company. CNNC will continue to fulfill its mission as a central SOE by advancing self-reliance in high-level science and technology and steadily pursuing the goal of fusion engineering. It will deepen strategic coordination, strengthen the leadership role of innovation entities, and promote the development of the fusion innovation consortium. Through institutional and operational innovation, CNNC aims to become a strategy-driven, agile, and responsive powerhouse with outstanding products, strong brand, technological leadership, and modern governance, contributing CNNC's strength and expertise to the future of energy development.