Star Ring Fusion Energy has secured a Pre-A financing round aimed at advancing their next-generation fusion technology innovative research and commercial development.

Target Information

Star Ring Fusion Energy has successfully completed a Pre-A round financing of several hundred million RMB. This round was led by the Shanghai Intellectual Property Fund, with Huacheng Venture Capital participating as well. The funding will primarily be utilized for the design, research, and construction of Star Ring's next-generation fusion verification device. Founded in 2021, Star Ring Fusion Energy consists of core members who graduated from Tsinghua University’s Department of Engineering Physics, possessing over 20 years of cumulative experience in controlled fusion research. The team is recognized as one of the leading groups in China focusing systematically on fusion energy development.

Industry Overview in China

The potential of controlled nuclear fusion as a clean energy technology lies in its high energy density, wide availability of raw materials, and safety, which surpasses that of fission-based energy. Since the successful demonstration of controlled nuclear fusion by the Joint European Torus (JET) in the 1990s, significant investments have been funneled into fusion energy companies, marking a new era for commercial development. The years since 2020 have seen an unprecedented increase in venture capital investment in numerous fusion startups globally.

According to the Fusion Industry Association (FIA), four commercial fusion companies are currently planning to generate power by 2030. Countries including the USA, the UK, and Japan have introduced various support policies for fusion technology. In China,