(Yicai) July 23 -- The stocks of several Chinese firms linked with fusion energy, an experimental technology for generating unlimited amounts of clean power from nuclear fusion reactions, soared by their daily trading limits after state-backed China Fusion Energy opened its office in Shanghai.

Shares of nuclear power generator Dongfang Electric [SHA: 600875], energy storage giant Fujian Snowman Group [SHE: 002639], and heavy machinery services provider Sinomach Heavy Equipment Group [SHA: 601399] all closed up 10 percent today.

Founded last September, China Fusion Energy is a pioneer in the investment-heavy field of nuclear fusion, a next-generation technology that could provide limitless amounts of green energy without long-lasting nuclear waste. The Shanghai-based company has registered capital of CNY15 billion (USD2.09 billion) after its backers added CNY11.5 billion to an initial CNY3.5 billion.

China committed to achieving peak carbon dioxide emissions by 2030 in an action plan that included strengthening research on cutting-edge technologies around controlled nuclear fusion.

China Fusion Energy’s seven shareholders disclosed their ownership ratios in a statement released at the opening event held for its Shanghai office yesterday. China National Nuclear Corporation has a 50.4 percent stake, while CNNC subsidiaries Kunlun Capital and China National Nuclear Power own 20 percent and 6.7 percent, respectively.

Its four other backers are Shanghai Future Fusion Energy Technology, Zhejiang Zheneng Electric Power, the National Green Development Fund, and Sichuan Zhongke Fusion Energy Technology, with stakes of 11.8 percent, 5 percent, 3.2 percent, and 3 percent, respectively.

The state-owned asset managers of Zhejiang province and the cities of Chengdu and Shanghai

are the respective actual controllers of Zheneng Electric, Zhongke Fusion Energy, and Shanghai Future Fusion.

Editor: Futura Costaglione