(Yicai) March 3 — China Fusion Energy, a state-owned pioneer in an experimental technology to produce unlimited amounts of clean energy by replicating processes of the sun, has gained almost CNY1.8 billion (USD240.3 million) in investment from two major power companies.
China Nuclear Power, another affiliate of Beijing-headquartered China National Nuclear Corporation, invested CNY1 billion into Fusion Energy, while Zhejiang province-based thermal power giant Zheneng Electric Power allocated CNY750 million (USD102.8 million), the two investors announced recently.
After these transactions, CNNC remains the largest shareholder of Fusion Energy, which is expected to receive more investment from state-owned enterprises in the future.