(Yicai) June 24 -- Shares of Wanyi Science and Technology surged after the Chinese supplier of industrial and medical measuring instruments said it has linked arms with a national energy institute to build a laboratory to research and develop measurement equipment used in nuclear fusion.

Wanyi Science [SHA: 688600] closed up 9.77 percent to CNY24.15 (USD3.37) in Shanghai today.

Wanyi Science inked a deal with the Institute of Energy of Hefei Comprehensive National Science Center on June 22 to cooperate in building and operating a lab "to co-develop a series of key vacuum measurement facilities in the nuclear fusion process," the company announced late yesterday.

The joint lab plans to research and develop gas leak detection technology in a deuterium-rich environment and key testing equipment components, Wanyi Science noted. It also intends to cooperate in the R&D of anti-neutron irradiation and anti-electromagnetic interference vacuum measurement gear.

Hefei-based Wanyi will invest CNY4 million (USD557,200) in the project in stages based on the experimental progress, while the Institute of Energy will invest CNY2 million also in stages to support various R&D efforts.

The Institute of Energy is a clean energy engineering R&D institution jointly established by the government of Anhui province and the Chinese Academy of Sciences at the end of 2019. The R&D of nuclear fusion technology is the leading focus among its four major R&D directions.

The latest cooperation is conducive to Wanyi Science and the Institute of Energy jointly promoting China's vacuum technology and equipment industry and enhancing the firm's brand influence and core competitiveness, according to the company.

Fusion New Energy Anhui's compact nuclear fusion experimental device, the Burning Plasma Experimental Superconducting Tokamak project, began final assembly last month and is scheduled to be completed in 2027. It will initiate experiments to achieve fusion power generation demonstration by 2030, laying the technical foundations for the China Fusion Engineering Demonstration Reactor and building commercial fusion plants by 2050, representing a critical leap from laboratory research to engineering validation of nuclear fusion tech.

Yan Jianwen, chairman of Fusion New Energy, is also the executive director of the Institute of Energy, according to the institute's website.

Editor: Martin Kadiev