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Fusion Energy Technology Co., Ltd. (referred to as "Fusion Energy Tech" or FET) is one of the key entities driving the commercialization of nuclear fusion energy in China. The company was established in May 2023 with a registered capital of 5 billion CNY. In June 2024, it increased its capital to 14.5 billion CNY through additional share offerings. Its shareholders include state-owned platforms from Anhui Province and Hefei City, central state-owned enterprises, the Chinese Academy of Sciences, and private capital.
The company focuses on core areas such as R&D of emerging energy technologies, development of new material technologies, provision of complete sets of nuclear power equipment and engineering technical services, as well as application of power generation technologies. It is dedicated to integrating innovative elements including capital, technology, talent, and intellectual property, giving full play to the advantages of the new system for mobilizing resources nationwide, and taking the lead in advancing the commercialization of fusion energy.
The company follows a three-phase strategy—Burning plasma Experimental Superconducting Tokamak (BEST), China Fusion Engineering Demonstration Reactor (CFEDR), and the First Commercial Fusion Reactor—systematically planning a full-chain development path encompassing experimental research, engineering demonstration, and commercial application. Meanwhile, it has coordinated the founding of the Anhui Fusion Industry Association, bringing together nearly 200 member entities to collaboratively build a world-class fusion energy industrial cluster. The company strives to become a first-tier international fusion engineering enterprise, and accelerate the transformation of fusion energy technology from the laboratory to industrialization.
Fusion Energy Technology Co., Ltd. (referred to as "Fusion Energy Tech" or FET) is one of the key entities driving the commercialization of nuclear fusion energy in China. The company was established in May 2023 with a registered capital of 5 billion CNY. In June 2024, it increased its capital to 14.5 billion CNY through additional share offerings. Its shareholders include state-owned platforms from Anhui Province and Hefei City, central state-owned enterprises, the Chinese Academy of Sciences, and private capital.
The company focuses on core areas such as R&D of emerging energy technologies, development of new material technologies, provision of complete sets of nuclear power equipment and engineering technical services, as well as application of power generation technologies. It is dedicated to integrating innovative elements including capital, technology, talent, and intellectual property, giving full play to the advantages of the new system for mobilizing resources nationwide, and taking the lead in advancing the commercialization of fusion energy.
The company follows a three-phase strategy—Burning plasma Experimental Superconducting Tokamak (BEST), China Fusion Engineering Demonstration Reactor (CFEDR), and the First Commercial Fusion Reactor—systematically planning a full-chain development path encompassing experimental research, engineering demonstration, and commercial application. Meanwhile, it has coordinated the founding of the Anhui Fusion Industry Association, bringing together nearly 200 member entities to collaboratively build a world-class fusion energy industrial cluster. The company strives to become a first-tier international fusion engineering enterprise, and accelerate the transformation of fusion energy technology from the laboratory to industrialization.
