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Shenju Nuclear Energy Unveils "Jinwu-1" Spherical Torus Fusion-Fission Hybrid Reactor Design

Shenju (Sichuan) Nuclear Energy Co., Ltd. has unveiled the first-generation device, the Jinwu-1 design, which adopts the spherical torus fusion-fission hybrid reactor technology pathway, driving a subcritical nuclear energy system with a compact fusion neutron source to achieve functions such as energy amplification, fuel breeding, and transmutation of long-lived nuclides. According to the design, Jinwu-1 uses a 50 MW-class fusion power as the conceptual design baseline, employing high-temperature superconducting magnets, a replaceable center column, and a modular subcritical nuclear energy zone. Its fusion core has a major radius of approximately 1.5 meters, with the goal of delivering approximately 40 MW of fusion neutron power at 14.1 MeV energy, serving as an industrial-grade neutron source. In terms of system design, Jinwu-1 amplifies fusion neutron energy through a subcritical fission blanket...

2026-08-11

StarRing Fusion Completes RMB 880 Million Series A++ Financing to Advance Fusion Device and Key Technology Engineering

StarRing Fusion recently announced the completion of a new Series A++ financing round, raising RMB 880 million. This round was jointly invested by Shenzhen Capital Group, Shendan Venture Capital, ABC Capital, BOCOM Investment, GGV Capital, Yongxin Ark, Keke Capital, Advantage Capital, and other institutions, with existing shareholder Shanghai Science and Technology Innovation Group's intellectual property fund and other institutions continuing to follow on. The company stated that the proceeds from this round, together with the previous Series A and A+ financing, will be used for the construction of the Shanghai Jiading experimental base, the construction and operation of the NTST negative-triangularity spherical tokamak, the design and construction of the CTRFR-1 "StarRing One," and the continued engineering advancement of key technologies including fusion-grade high-temperature superconducting magnets and AI-based plasma control...

2026-08-08

BlueStar Fusion Completes "Angel+" Round Financing, High-Temperature Superconducting Stellarator Project Moves to Engineering Implementation Phase

Recently, Hefei BlueStar Fusion Technology Co., Ltd. (BlueStar Fusion, hereinafter referred to as "BlueStar Fusion") completed an Angel+ round of financing on the scale of several hundred million RMB, with a post-investment valuation exceeding 3 billion RMB. Following the completion of this financing round, the company will continue to advance the verification of key components, engineering manufacturing, and full-system integration of the high-temperature superconducting stellarator, with the goal of initiating the construction of the Phase I high-temperature superconducting stellarator system by 2027. BlueStar Fusion was established in August 2025 and is primarily engaged in the R&D and engineering of high-temperature superconducting stellarator technology. The company has assembled a professional team of nearly 100 members, covering fusion physics, superconducting magnets, structures and precision manufacturing, cryogenic engineering, artificial intelligence, and other disciplines. Ex...

2026-08-04

Wuke Superconducting Completes Tens of Millions in Angel Round Financing, Accelerating the Industrialization of High-Temperature Superconducting Tapes

In late July 2026, Beijing Wuke Superconducting Technology Co., Ltd. (hereinafter referred to as "Wuke Superconducting") completed an angel round financing of tens of millions of RMB. This round was jointly invested by CASSTAR, Zhongguancun Capital, and Huairou Hard Technology Fund. The joint backing of several renowned venture capital institutions fully confirms the capital market's high recognition of Wuke Superconducting's core team, technical strength, and industry development prospects. Wuke Superconducting was initiated by the technical team of the Institute of Physics, Chinese Academy of Sciences, focusing on the R&D, preparation, and industrial application of a new generation of high-temperature superconducting tapes. The company is dedicated to overcoming the key bottlenecks in transitioning high-temperature superconducting materials from laboratory to large-scale application, building an integrated platform covering superconducting target development, core equipment R&D, high-performance tape preparation, and ultimate performance characterization of wires and tapes.

2026-08-03

Qiangchang Technology Secures Tens of Millions of Yuan in Angel Funding; Industrialization of High-Temperature Superconducting Magnets Accelerates

Qiangchang (Shanghai) Technology Co., Ltd., a company spun off from the research achievements of the Fusion Science and Engineering Team at Fudan University's Institute of Modern Physics, recently completed an angel funding round raising tens of m

2026-07-27