en.Wedoany.com Reported - On June 15, 2026, the Party Leadership Group of China National Petroleum Corporation (CNPC) held a meeting. Dai Houliang, Secretary of the Party Leadership Group and Chairman of CNPC, emphasized the need to shoulder the strategic mission of "building an energy powerhouse and empowering a better life," conduct in-depth research on the development directions of China's future industries during the "15th Five-Year Plan" period, relevant supporting policies, and the development patterns of the energy and chemical industries. He stressed the importance of steadily advancing the layout and development of future industries in key areas such as deep earth and deep sea energy, controlled nuclear fusion, hydrogen energy, synthetic biology, and future materials, deeply implementing the bio-manufacturing special action, and accelerating the construction of a frontier technology innovation highland and a future industry agglomeration highland.
Previously, CNPC had already begun its layout in the field of nuclear fusion.
In 2024, Fusion New Energy (Anhui) Co., Ltd. underwent industrial and commercial changes, adding CNPC Kunlun Capital Co., Ltd. and Hefei Science Island Holdings Co., Ltd. as new shareholders. Both invested 2.9 billion yuan each, each holding a 20% stake. This marked CNPC's official entry into the nuclear fusion field, attracting widespread attention from the industry.
In June 2025, CNPC Capital issued an announcement, proposing to invest 655 million yuan, together with its controlling shareholder China National Petroleum Corporation and PetroChina Company Limited, to jointly increase capital in the associate company CNPC Kunlun Capital Co., Ltd. according to the original shareholding ratio using own funds, for investment in controlled nuclear fusion projects. The total capital increase amount was 3.275 billion yuan.
In August 2025, China Fusion Energy Co., Ltd. underwent industrial and commercial changes, adding CNPC Kunlun Capital Co., Ltd., Shanghai Future Fusion Energy Technology Co., Ltd., China Nuclear Power Co., Ltd., Zhejiang Zheneng Electric Power Co., Ltd., National Green Development Fund Co., Ltd., and Sichuan Zhongke Fusion Energy Technology Co., Ltd. as shareholders. The registered capital increased from approximately 3.531 billion yuan to 15 billion yuan, an increase of about 325%.
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