Nova Fusion Energy Technology (Shanghai) Co., Ltd. has recently made headlines by announcing the successful completion of an Angel+ round of financing, amassing a staggering 700 million yuan. Remarkably, this young company, established merely a year ago, has now raised a cumulative total of 1.2 billion yuan through two rounds of financing. This achievement sets a new benchmark for the scale and rapidity of funding among domestic private nuclear fusion enterprises in their infancy. In this latest financing round, Alibaba increased its investment, while new investors like Meituan Longzhu joined the fray, with several other renowned institutions following suit.

Under the leadership of Professor Guo Houyang, Nova Fusion is dedicated to the research, development, and commercialization of Field-Reversed Configuration (FRC) small modular reactors. The company's ambitious goal is to achieve a global rollout of distributed fusion energy. As the sole enterprise in China deeply committed to the FRC-SMR technology path, Nova Fusion enjoys a significant technological advantage. Presently, the "Nova One" verification device has progressed into the engineering construction phase. The company has outlined a clear roadmap: achieve first plasma discharge by the end of 2026, reach a fusion temperature of 100 million degrees Celsius in 2027, accomplish DT-equivalent net fusion energy output by 2029, and construct a small distributed fusion demonstration power plant in the first half of the 2030s.

Nova Fusion's collaboration with national teams is poised to expedite technology development and commercialization, thereby contributing China's prowess to the global transformation of the energy landscape.