Chinese start-up targets affordable nuclear fusion technology

Shanghai start-up Energy Singularity aims to raise $500 million to develop a cost-effective nuclear fusion technology, leveraging locally sourced materials. Founded in 2021, the company has raised $110 million and employs 135 people. Its first device, the HH70, is operational, with plans for a larger HH170 by 2027. Energy Singularity claims its costs could be 50% lower than US counterparts, despite ongoing scientific uncertainties.