From January, the fully superconducting tokamak EAST device known as the “artificial sun” once again broke a world record, achieved continuous operation of 100 million degrees Celsius plasma for the first time, and completed research on key manufacturing tasks in December, “controlled nuclear fusion” became a hot topic in the field of scientific and technological innovation in 2025. It is moving from scientific research to engineering verification, and has become a key direction for solving the energy dilemma of new high-energy scenarios such as AI computing power centers in the future. Technological breakthroughs have triggered capital competition — China Fusion Energy Co., Ltd. was established with a capital boost of 11.5 billion yuan, and the Shanghai SDIC Future Industry Fund focused on supporting cutting-edge technology fields such as controlled nuclear fusion. Startups such as Xingneng Xuanguang and Yixi Technology completed multiple rounds of financing during the year; in the A-share market, listed companies related to the industrial chain such as Heduan Intelligence and Yongding Co., Ltd. have repeatedly reached new highs, and investor enthusiasm is at an all-time high. Scientists and engineers generally believe that once nuclear fusion energy is applied on a large scale, the Earth will have an unlimited clean energy that does not rely on fossil fuels and does not emit hazardous waste, fundamentally reshaping the global energy landscape. According to a report by the American Fusion Industry Association, as of July 2025, the global commercial fusion industry has attracted 9.7 billion US dollars in investment, an increase of 414% over the same period in 2021, and the growth rate exceeds that of traditional energy and new energy segments. According to the International Energy Agency's forecast, the global nuclear fusion market is expected to reach 496.55 billion US dollars by 2030, and in 2050 it is expected to drive the formation of trillion-dollar industrial clusters in upstream and downstream materials and core equipment. In the two-track parallel pattern of the industrialization process, compared to large-scale tokamak devices dominated by the “national team”, private startups focus on miniaturized fusion devices, with “compactness, high efficiency, and low cost” as the core breakthrough direction, forming differentiated development in terms of technology design, application scenarios, and development models. The two functions complement each other and advance in collaboration.

From January, the fully superconducting tokamak EAST device known as the “artificial sun” once again broke a world record, achieved continuous operation of 100 million degrees Celsius plasma for the first time, and completed research on key manufacturing tasks in December, “controlled nuclear fusion” became a hot topic in the field of scientific and technological innovation in 2025. It is moving from scientific research to engineering verification, and has become a key direction for solving the energy dilemma of new high-energy scenarios such as AI computing power centers in the future. Technological breakthroughs have triggered capital competition — China Fusion Energy Co., Ltd. was established with a capital boost of 11.5 billion yuan, and the Shanghai SDIC Future Industry Fund focused on supporting cutting-edge technology fields such as controlled nuclear fusion. Startups such as Xingneng Xuanguang and Yixi Technology completed multiple rounds of financing during the year; in the A-share market, listed companies related to the industrial chain such as Heduan Intelligence and Yongding Co., Ltd. have repeatedly reached new highs, and investor enthusiasm is at an all-time high. Scientists and engineers generally believe that once nuclear fusion energy is applied on a large scale, the Earth will have an unlimited clean energy that does not rely on fossil fuels and does not emit hazardous waste, fundamentally reshaping the global energy landscape. According to a report by the American Fusion Industry Association, as of July 2025, the global commercial fusion industry has attracted 9.7 billion US dollars in investment, an increase of 414% over the same period in 2021, and the growth rate exceeds that of traditional energy and new energy segments. According to the International Energy Agency's forecast, the global nuclear fusion market is expected to reach 496.55 billion US dollars by 2030, and in 2050 it is expected to drive the formation of trillion-dollar industrial clusters in upstream and downstream materials and core equipment. In the two-track parallel pattern of the industrialization process, compared to large-scale tokamak devices dominated by the “national team”, private startups focus on miniaturized fusion devices, with “compactness, high efficiency, and low cost” as the core breakthrough direction, forming differentiated development in terms of technology design, application scenarios, and development models. The two functions complement each other and advance in collaboration.