China to Set up Nuclear Fusion Company to Develop Technology

China unveiled a new national company and formed a broad coalition of industrial giants to advance research in nuclear fusion technology.

The consortium led by China National Nuclear Corp. was launched on Dec. 29, with the goal of targeting nuclear fusion development through high-temperature superconductors, large-capacity energy storage and tritium production, according to a statement by the Corporation.

The group comprises 25 central government-owned enterprises and research institutes, including some of the country’s largest energy and steel firms such as State Grid Corp., China Three Gorges Corp. and China Baowu Steel Group Corp Ltd., the statement said.

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