Zhejiang Ziming Cryogenics Secures Investment from Two Major Central Energy SOEs to Scale Up Fusion Cryogenic Systems

Recently, Zhejiang Ziming Cryogenics Technology Co., Ltd. announced the completion of a new round of financing. This round brought together multiple institutions including the CNNC Science and Technology Innovation Fund under China National Nuclear Corporation and the Oriental Zhongying High-end Energy Equipment Fund managed by Dongfang Electric Group in partnership with Bank of China Asset Management, marking the capital market's strong recognition of the company's breakthroughs in bottleneck cryogenic technologies and engineering applications.

Founded in 2022, Ziming Cryogenics has long been dedicated to the research and development of ultra-low temperature technologies and core equipment, specializing in complete cryogenic system solutions, high-capacity Stirling cryocoolers, ultra-low temperature precision control valves, and cryogenic pumps and fans. Currently, its core products including kilowatt-class Stirling cryocoolers and hydrogen-helium control valves covering a temperature range from room temperature to 1.8K have broken foreign technological monopolies, achieving batch-scale domestic substitution and long-term stable operation in multiple domestic nuclear fusion devices and superconducting power projects.

It is understood that the industrial capital introduced in this financing round not only provides financial support for the company to continuously strengthen core technology R&D and large-scale manufacturing capacity building, but also builds a forward-looking bridge connecting nuclear fusion industry demand with key equipment supply. As the "national team" and chain-leading enterprises of China's high-end energy equipment sector, the deep involvement of CNNC and Dongfang Electric will further promote the close integration of Ziming Cryogenics' technical solutions with the engineering requirements of fusion devices, safeguarding the security of the national supply chain for core cryogenic equipment.

Looking ahead, Ziming Cryogenics will continue to uphold the philosophy of balancing independent innovation with engineering implementation, and leverage this new round of financing to deepen industrial cooperation. The company will continuously improve the performance and delivery quality of its core products, actively expand application scenarios in clean energy, high-end manufacturing, and aerospace fields, and contribute to the high-quality development of China's future controlled nuclear fusion and green low-carbon industries through the independent controllability of key equipment.