Dawon Systems is showing strong performance. It is interpreted that this is influenced by the news that the American company Microsoft (MS) will receive power from a fusion power plant starting in 2028.
As of 11:19 AM on the 11th, Dawon Systems is trading at 14,020 KRW, up 3.85% compared to the previous day.
According to foreign media on the previous day, Helion Energy announced that Microsoft has signed a contract as the first customer of the fusion power plant scheduled to operate in 2028. The fusion power plant being established by Helion aims to generate more than 50 megawatts (MW) of power annually. One megawatt can supply electricity to approximately 1,000 households per day on average.
The reason Microsoft chose the fusion power contract is to enhance sustainability. Unlike conventional thermal power plants or nuclear fission reactors, fusion power does not emit greenhouse gases such as carbon dioxide or long-lasting radioactive waste, thereby minimizing environmental harm relatively.
Dawon Systems supplies key special power devices for the Korean Superconducting Tokamak Advanced Research (KSTAR) and the International Thermonuclear Experimental Reactor (ITER) projects. There are at least about 35 private fusion companies operating worldwide, and the most notable project is the ‘SPARC’ project by Commonwealth Fusion Systems, which started as a campus venture at MIT in the United States.
Dawon Systems is reportedly preparing to receive orders for major power devices after being requested to participate in the SPARC project. It is known to have received $1.8 billion (approximately 2.1 trillion KRW) in investments from Bill Gates, George Soros, Google, and others, with plans to complete the project by 2025. The company is said to be preparing for the global expansion of the SPARC project along with its existing KSTAR and ITER projects.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
