Hard Krypton Frontline | East Fusion Secures Hundreds of Millions of Yuan in Financing, Becoming the Only Domestic Nuclear Fusion Enterprise Deploying the "Deuterium-Helium-3" Route
Hard Krypton has learned that the nuclear fusion enterprise Dongsheng Fusion recently completed a new round of financing worth hundreds of millions of yuan, jointly led by the Huawen Qingneng Fund under CMC Capital, multiple first - tier market - based funds, and industrial capital.
Dongsheng Fusion was founded in July 2025 and is headquartered in Shanghai. It is committed to developing the technology of high - field compact fusion power plants using "deuterium - helium - 3" as fuel. The company has gathered a large number of senior engineering and research backbones in the domestic fusion industry to join full - time. The core team members all have more than ten years of experience in the R & D of large fusion devices and project implementation. At the same time, the company has attracted many international high - end research talents, recruiting industry elites from top global universities and research institutions.
Controlled nuclear fusion is the ultimate solution for reconstructing the global energy system. Global fusion has completed the verification of scientific principles and is accelerating into the critical window period for engineering implementation. China's 14th Five - Year Plan (2026 - 2030) proposes to list nuclear fusion as a new economic growth point. In January 2026, the "Atomic Energy Law of the People's Republic of China" officially came into effect, clearly stating "encouraging and supporting controlled thermonuclear fusion."
There are currently dozens of nuclear fusion enterprises in China, and the industry is in a period of explosive growth. Different fusion enterprises have different development paths. Dongsheng Fusion is the only leading enterprise in China that clearly focuses on the ultimate clean fusion route of D - He3 (deuterium - helium - 3). Different from the mainstream D - T (deuterium - tritium) route in the industry, the D - He3 route basically does not involve nuclear materials and tritium, with high safety. It also has inherent advantages such as low radiation, easy deployment, being friendly to regulatory requirements, and being suitable for urban and new - energy load scenarios.
Xu Min previously said in an interview that choosing the "deuterium - helium - 3" route is to find its own position, complementing the country's mainstream route and becoming a frontier exploration base for magnetic confinement fusion R & D. Since deuterium - helium - 3 fusion produces almost no neutrons, there is no need to build a thick and expensive shielding layer. The scale of the device can be relatively reduced. Fusion power plants using this solution can be located closer to cities or data centers, with a more flexible layout and lower overall costs.
Currently, the project mainly includes two core technological breakthroughs. One is the high - temperature superconducting high - field magnet, which uses advanced high - temperature superconducting materials, making the device more compact, strengthening the magnetic field confinement, and improving the plasma stability and fusion efficiency. The other is the addition of AI algorithms, which play a role in plasma control, enabling long - term precise control and operational optimization.
Xu Min believes that the first kilowatt - hour of electricity generated in the laboratory can be achieved in about five years, and it is very likely to be achieved in China. Currently, the company's first - generation "Morning Light" experimental device is under steady construction. Relying on the synergy of high - temperature superconducting high - field technology and AI plasma control technology, the process of technological engineering implementation is being accelerated. Subsequently, new - generation experimental devices will be iteratively built.
Investors' views:
Gu Xiaoli, a partner of CMC Capital and the person - in - charge of the Huawen Qingneng Fund, said: Fusion is the ultimate solution for reconstructing the global energy system and is also the core high - ground of strategic competition among major powers. Dongsheng Fusion is the only leading enterprise in the domestic private fusion track that has the support of top universities, local governments, and global research institutions at the same time. Its dual - wheel - drive model is highly consistent with the strategy of the Huawen Qingneng Fund to deeply cultivate the clean - energy industry chain. Professor Xu Min, the founder, is an extremely rare general - engineer - level talent in the Chinese fusion industry, with both top - level theoretical depth and full - process experience in the implementation of large - scale scientific device projects, building an insurmountable moat in terms of engineering capabilities.
At the same time, the company's choice of the neutron - free deuterium - helium - 3 technology route is expected not only to significantly reduce the regulatory threshold and construction costs for fusion commercialization but also to enable safe deployment around cities, opening up new imagination space for fusion energy to enter various industries. We highly recognize the team's commercialization strategy of "laying eggs along the way" and firmly believe that with the strong support of Fudan University and the Shanghai Municipal Government, Dongsheng Fusion can blaze a differentiated clean - fusion commercialization path and become the core force for China to narrow the fusion gap with the United States and seize the global energy discourse power."