Neo Fusion

Fusion Machine Developer

Projects: 1 Funding (Investment): 2

Founding Year

2023

Location

Hefei, Anhui, People's Republic of China

Neo Fusion is a fusion energy company founded in May 2023 in Hefei, China. Neo is associated with the BEST tokamak.

Projects

BEST

2023 - Present

Description

China Fusion Energy has entered the final stage of assembling its Burning Plasma Experimental Superconducting Tokamak (BEST) at the Institute of Energy in the Hefei Comprehensive National Science Centre. BEST began construction in 2023 and is expected to be completed in 2027.

BEST is an intermediate phase between China’s Experimental Advanced Superconducting Tokamak (EAST) and the future Chinese Fusion Engineering Demo Reactor (CFEDR).

Funding Received (Investment)

July 22, 2024

roundAdditional Registration Capital

$1,306,000,000

FundersChina National Petroleum Corporation Hefei Institutes of Physical Science (HFIPS)

AnnouncementAdditional Registration Capital

May 18, 2023

roundRegistration Capital

$723,370,000

FundersNIO Anhui Province Energy

+ 1 More

AnnouncementRegistration Capital

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