In recent years, the field of controllable nuclear fusion has developed rapidly, and the commercialization process has continued to accelerate.
In early 2025, the All-Superconducting Tokamak Device (EAST) achieved “100 million degrees per thousand seconds” high-confinement mode plasma operation. This achievement set a new world record and marked a major breakthrough in my country’s controllable nuclear fusion research.
At the same time, the Comprehensive Research Facility for Critical Systems of Fusion Reactor Hosts (CRAFT) is also continuing to advance related work.
From a policy perspective, the field of controllable nuclear fusion has received multiple supports.
Nuclear fusion energy has been included in the national “15th Five-Year Plan” recommendations, and the National Development and Reform Commission has made it clear that it will increase its efforts in nuclear fusion technology research.
Internationally, China and France have listed nuclear fusion technology as a key area of nuclear energy cooperation, and South Korea has advanced its fusion power generation target to the 2030s.
These favorable policies provide strong support for the development of the controllable nuclear fusion industry.
On the industrial side, multiple technical routes are being advanced simultaneously.
Tokamak device construction and experiments have achieved many results, and technological breakthroughs in the private sector have also appeared frequently.
For example, Caixin Securities’ other power equipment industry commentary on January 22, 2026 pointed out that Xinghuan Energy completed a 1 billion yuan Series A financing, setting a new single financing high for domestic private nuclear fusion companies.
The company plans to complete engineering verification around 2028, start construction of a commercial demonstration reactor, and plans to build a fusion reactor demonstration reactor that can output electrical energy around 2032.
This series of measures shows that domestic nuclear fusion track financing cases are increasing and the commercialization process continues to accelerate.
The capital side is also active, industrial integration and financing activities are heating up simultaneously, and many start-ups have received financial support.
This provides sufficient financial guarantee for the research and development and industrialization of controllable nuclear fusion technology.
Let’s sort out the controllable nuclear fusion industry chain and related companies.
In terms of controllable nuclear fusion, Western Superconducting is responsible for the production of superconducting wires for the ITER project and the CFETR project, and jointly funded the establishment of Hefei Energy Concentration with relevant entities; China National Nuclear Engineering Corporation is involved in the construction of controllable nuclear fusion-related devices; Dongfang Electric is involved in the supply business of controllable nuclear fusion-related equipment; Jingye Intelligent is involved in related project business in the nuclear industry.
In the field of superconducting concepts, Western Superconducting has achieved mass production of nuclear fusion low-temperature superconducting wires. Superconducting products include niobium-titanium superconducting wires, superconducting magnets, etc., which are used in controllable nuclear fusion projects; Eastern Superconducting, a subsidiary of Yongding Co., Ltd., can open
Exhibiting large-scale preparation of high-temperature superconducting strips, and related products are used in superconducting magnets and other fields; Lianchuang Optoelectronics has completed the development of the world’s first 100-meter high-temperature superconducting cable, and has related technologies for high-temperature superconducting magnets; Oriental Tantalum has achieved success in the field of superconducting cavity niobium materials
99.999% purity breakthrough, the product is used in national major scientific facilities.
In the field of nuclear power, Dongfang Electric engages in R&D and manufacturing of key nuclear power equipment; Shanghai Electric participates in the supply of complete sets of nuclear power equipment and undertakes orders for nuclear power-related projects; China Nuclear Power engages in nuclear power project operations and management; CNNC is mainly engaged in the production of valves for nuclear power and expands the business of valves for nuclear chemical industry.
To sum up, the field of controllable nuclear fusion is facing unprecedented development opportunities. With the continuous advancement of technology, continued policy support and the influx of capital, the commercialization prospects are very broad.
We have reason to believe that controllable nuclear fusion will provide clean and sustainable energy for mankind in the near future.
