China officially launched a national fusion energy company on Tuesday, backed by investment from leading state-owned nuclear and energy firms -- a move seen as a significant step toward the commercialization of fusion power, long considered the "holy grail" of clean energy.
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China launches fusion energy firm with $1.6bn investment from SOEs
Harnessing ultimate clean energy source is part of Beijing's long-term strategy
China Fusion Energy, a subsidiary of China National Nuclear Corp., will lead the development of controllable nuclear fusion technology as part of the country's long-term strategic energy plan. © Reuters
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