[Star instrument fusion company “Rock Super Concentration” completed a pre-A round of financing of hundreds of millions of yuan] On October 13, Yan Chao Energy announced that the company had completed pre-A round financing of hundreds of millions of yuan in the third quarter, with joint investment from industries and financial investment institutions such as Iwayama Technology, Hongyuan Investment Group, Wanlian Guangsheng, and Hongshan Capital. According to reports, Yan Superconcentration currently has a full-time team of nearly 60 people and nearly 10 senior consultants, covering fields such as fusion physics, installation engineering, superconducting magnets, and superconducting applications. The company plans to build a third-generation simulator device YF-1/2/3. Yan Superconcentration said that the company is committed to commercializing simulator fusion power generation, and can generate revenue in the short to medium term by applying core superconducting technology to the fields of energy, industry, medicine, and aerospace.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.