Nova Fusion Closes 500 Million Yuan Angel Round, Setting New Record for Single-Round Funding Among Domestic Private Fusion Companies

On August 1, Nova Fusion Energy Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Nova Fusion") announced the completion of a 500 million yuan angel funding round, setting a new record for single-round financing among domestic private nuclear fusion companies. The milestone further advances the commercialization of fusion energy and lays groundwork for China's first commercial fusion power plant.

Gaorong Ventures participated in this round, alongside other investors including the Social Security Fund Zhongguancun Independent Innovation Special Fund, Legend Capital, Luminous Ventures, Huakong Fund, Future Capital, and Shanghai Lingang Science and Technology Investment Management Co., Ltd., among other notable institutions and strategic investors.

"Fusion + Artificial Intelligence"

Developing Small Modular Fusion Reactors

Founded in April 2025 and headquartered in Shanghai, Nova Fusion is China's first high-tech enterprise focused on the commercialization of small modular nuclear fusion. Adhering to a "fusion + artificial intelligence" strategy, the company brings together top international scientists, engineers, and energy experts to develop small modular fusion reactors, providing the world with safe, zero-carbon, cost-effective distributed energy solutions.

Just days prior, U.S.-based Helion Energy announced the start of construction on the world's first fusion power plant, aiming to deliver 50MW of fusion electricity to Microsoft by 2028 — a significant milestone in the commercial deployment of fusion power generation. As artificial intelligence enters the "supercomputing era," nuclear fusion has become a strategic high ground for energy infrastructure and industrial chain dominance.

Nova Fusion will direct the proceeds from this round primarily toward developing China's first small modular fusion reactor, precisely targeting AI power demands and injecting strong momentum into the global energy transition.

Standing at the "First Year" of Chinese Fusion Commercialization

Looking Ahead to Medium- and Long-Term Goals

2025 is regarded as the "first year" of commercial nuclear fusion in China, characterized by parallel advancement from both state-backed teams and private fusion companies. Riding this wave, Nova Fusion has distinguished itself through a unique technical approach, leveraging the synergistic innovation of Field-Reversed Configuration (FRC) and magnetic compression technology. By elegantly combining the strengths of traditional magnetic confinement and inertial confinement fusion, the company significantly reduces both the construction costs and development timelines for fusion power plants, with the potential to achieve commercialization within several years.

The company plans to achieve technological leaps in phases:

• Near-term goal: Reach 100 million degree ion fusion temperatures and complete key technology validation.
• Medium-term goal: Achieve fusion energy gain Q > 1, solving the core technical challenge of economically efficient fusion energy extraction.
• Long-term goal: Successfully deliver 50 megawatts (MW) of fusion power output, driving commercialization of small modular fusion plants (FRC-SMR) and contributing to a sustainable global shift toward zero-carbon power by 2035.

Aligning with AI-Era Energy Demands

Accelerating Indigenous Fusion Technology Industrialization

Breakthroughs in controlled nuclear fusion offer humanity a highly promising ultimate solution to the global energy crisis. As AI's rapid development drives surging electricity demand and energy security grows increasingly critical, small-scale distributed fusion energy — with its uniquely stable, continuous, and flexibly dispatchable characteristics — can not only effectively secure power supply for AI data centers and similar facilities, but also significantly improve energy utilization efficiency.

Image generated by AI

Nova Fusion breaks through the cost and scale bottlenecks of conventional fusion devices, focusing on developing small-scale, modular, distributed-deployable economical fusion plants (FRC-SMR) that precisely match the urgent AI-era demand for flexible, efficient, zero-carbon energy.

Going forward, Nova Fusion will remain committed to its mission of "From Earth to the Stars, Igniting a New Era of Energy," filling the domestic gap in SMR fusion technology pathways, accelerating China's leap from fusion research to industrialization, injecting sustainable momentum into the global energy transition, and becoming a leader in the worldwide fusion energy sector.