On July 17, the Shanghai Stock Exchange hosted the "STAR Market Future Industry Salon - Controlled Nuclear Fusion Special Session," with over 20 upstream and downstream enterprises in the industry chain attending the exchange, covering core components, system devices, engineering applications and other fields. At the same time, nearly 30 financial institutions including venture capital institutions, public funds, securities companies, and banks attended the meeting. Energy Singularity was invited to participate, and the company's founder Yang Zhao delivered a keynote speech, introducing to the guests the R&D progress and future plans of Energy Singularity in high-temperature superconducting tokamaks.
The theme of this salon was "Controlled Nuclear Fusion: The 'Core' of Future Ultimate Energy." Participants from all parties deeply discussed the development prospects of China's high-temperature superconducting tapes, fusion experimental reactors, device components and materials industries, the timetable for technological breakthroughs, national strategic directions, and key points of capital market support.
Since November 2024, the Shanghai Stock Exchange has cumulatively held five Future Industry Salons, focusing on artificial intelligence, low-altitude economy, humanoid robots, commercial aerospace, and controlled nuclear fusion, aiming to support in-depth exchanges and consensus building among industry, academia, research, and investment parties, promote the integration of capital and technology, and provide more powerful financial support for the development of future industries.
Energy Singularity (Energy Singularity) was founded in 2021 and is China's first fusion energy startup. As a global leader in integrated high-temperature superconducting tokamak solutions, we are committed to providing full-chain solutions from device complete machines to subsystems and core components for fusion experimental reactors and future fusion power stations, covering design and R&D, manufacturing and assembly, testing and full lifecycle operation and maintenance services. The company is a Shanghai Specialized and Innovative Small and Medium-sized Enterprise and Deputy Director Unit of the Shanghai Future Industry Advanced Nuclear Energy Expert Committee. Over the past three years, Energy Singularity has adhered to the values of "Ultimate Efficiency, Seeking Truth from Facts," boldly exploring on the path to accelerating the commercialization of fusion energy and achieving multiple world-leading R&D results. In June 2024, we built and operated the world's first full high-temperature superconducting tokamak device - HH70, taking the lead in completing the engineering feasibility verification of the high-temperature superconducting tokamak innovative technical route. HH70 was selected as one of the "2024 Outstanding Typical Cases of Future Industry Innovation and Development" by the Ministry of Industry and Information Technology, the only selected case in the controlled nuclear fusion field. In March 2025, the large-size high-temperature superconducting toroidal field magnet developed by Energy Singularity - Jingtian Magnet - was successfully energized to 21.7 Tesla, setting a new record for the highest magnetic field of large-aperture high-temperature superconducting D-shaped magnets. HH170, the next-generation device currently under development by Energy Singularity, aims to achieve fusion net energy gain and is planned to be built and operational by 2027.