This year, the focus areas of the Forbes China Top 50 Innovation List have expanded from 8 last year to 12, reflecting the growing diversity of China’s innovation landscape. With frequent large-scale financing of hard-tech start-ups, hydrogen energy, nuclear fusion, quantum computing, and other frontier fields are gradually becoming the focus of innovation, rivalling traditional hot sectors such as photovoltaics and electric vehicles. The list comprehensively evaluates the participating enterprises based on their innovative capability, corporate governance, growth, market advantages and corporate social responsibility. The selection of Startorus Fusion is undoubtedly a high recognition of its innovative capability and market position. In the list, many well-known enterprises, such as NeoFusion, Xiaomi, Aliyun, Moonshot AI, DJ-Innovations and Western Superconducting Technologies, have been listed one after another, demonstrating their outstanding achievements and innovative strength in their respective fields. It is worth noting that in the past three years, the update rate of Forbes China’s top 50 innovative enterprises has increased year by year, reaching 80% this year, reflecting the fierce competition and rapid change of China’s innovation field. At the same time, a number of start-ups that have been around for less than three years have begun to be in the spotlight, especially in the field of new energy, among which the controllable nuclear fusion related companies have attracted much attention.

In the list, as the “national team” and “unicorn” in the field of fusion, NeoFusion stands out with its outstanding R&D capabilities and innovative capability. As one of the representatives of fusion commercialization, Startorus Fusion is also unusual. Since its foundation, Startorus Fusion has focused on the commercial application of fusion energy and related technology R&D, achieving commercial breakthroughs in high-temperature superconducting magnets and the industrialization of fusion-related technologies. 

In August this year, the company took the lead in realizing an optimized configuration of spherical tokamak plasma, which injected new impetus into the development of controllable nuclear fusion technology and laid a solid foundation for future development (as of August 2024, the statistical results of published papers in the world).

As representatives of Shaanxi enterprises, Western Superconducting Technologies and Startorus Fusion are jointly listed in the “2024 Forbes China Top 50 Innovative Enterprises,” demonstrating the strength of Shaanxi’s emerging productive forces. This selection is not only an affirmation of the previous achievements of Startorus Fusion, but also an expectation of its future development. Startorus Fusion will continue to uphold the spirit of innovation, pragmatism and efficiency, and persist in promoting the commercial application of controllable nuclear fusion technology.