China is famous for throwing money at industries it wants to develop, and one of the latest to get that distinction is nuclear fusion – a process that promises to deliver huge amounts of electricity at cheap prices by mimicking the process used in the sun. That campaign for fusion energy has taken on greater urgency with the rise of AI, which is a huge consumer of electricity.
中国一向以大规模投入资金扶持重点产业闻名，而最新受到青睐的领域之一正是核聚变，这项技术透过模拟太阳的能量产生过程，有望以较低成本提供大量电力。随着人工智能兴起，对电力需求急剧增加，推动核聚变发展的紧迫性亦随之提升。
But the latest fusion energy project coming out of China Inc. isn’t state funded at all, and instead is being financed by some of the nation’s top private equity and venture capital investors, including Hillhouse Capital, Legend Capital and Luminous Ventures, formerly known as Lightspeed Capital. That company, NovaFusion Energy Technology (Shanghai) Co. Ltd., also known as NovaFusionX, made headlines last week when it announced a new funding round worth 700 million yuan ($103 million).
不过，近期中国推出的一个核聚变项目并非由国家资金主导，而是由多家顶级私募股权与风险投资机构出资支持，包括高瓴资本、君联资本，以及原名光速创投的光合创投。该公司为诺瓦聚变能源科技（上海）有限公司，并于上周
The latest funding comes after NovaFusionX raised an initial 500 million yuan last August, bringing its total fundraising to 1.2 billion yuan in just a year after its founding – a record fundraising speed for a fusion-related startup in China. No valuations have been given, but the backing of such major players indicates NovaFusionX may be China’s strongest private sector player to emerge so far in the nuclear fusion space.
宣布完成一轮7亿元（约1.03亿美元）融资，引发市场关注。