{"url":"https://newsforagent.com/news/2026-11-03/pagoda-xeonova-x3-fusion-installation","markdown_url":"https://newsforagent.com/news/2026-11-03/pagoda-xeonova-x3-fusion-installation.md","title":"Pagoda-Backed Xeonova Starts X-3 Fusion Device Build","headline":"Pagoda-Backed Xeonova Begins Installing X-3 Pulsed Fusion Device, Targets Late December","description":"Xeonova, backed by Beijing's Pagoda, started installing its X-3 pulsed fusion device in mid-October 2026 and aims to finish construction by late December.","section":"Expansion","published_at":"2026-11-03T05:37:29+00:00","modified_at":"2026-11-03T05:37:29+00:00","author":"News Desk","key_takeaways":["Xeonova began installing its X-3 pulsed fusion device in mid-October 2026 and targets initial construction and integration by late December.","The X-3 main structure is substantially complete, with transmission coils and system power installation scheduled for November.","Pagoda, founded in 2012 in Beijing, has invested in more than 60 domestic and international companies and manages 9.0 billion RMB."],"companies":[{"name":"Pagoda","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00367ja/pagoda","website":"http://www.pagodainnovation.com"}],"source":{"publisher":"The future of trading","title":"Pagoda-backed Xeonova begins installation of X-3 fusion device","url":"https://capital.com/en-int/news/pagoda-backed-xeonova-begins-installation-of-x-3-fusion-device"},"other_sources":[],"tags":["Expansion","Pagoda"],"body_markdown":"Xeonova began installing its X-3 pulsed fusion device in mid-October 2026 and targets initial construction and integration by late December, according to [The future of trading](https://capital.com/en-int/news/pagoda-backed-xeonova-begins-installation-of-x-3-fusion-device). [Pagoda](https://akta.pro/company-profiles/00367ja/pagoda), a Beijing investment firm founded in 2012, is a portfolio investor in Xeonova, which is building the device to test high-performance field-reversed configuration plasma formation, compression and pulsed operation.\n\n## Inside The X-3 Installation Schedule\n\nThe X-3 main structure is substantially complete, and formation-stage power equipment is in place. Transmission coils and system power installation are scheduled for November.\n\nThe device is intended to test high-performance field-reversed configuration plasma formation, compression and pulsed operation. Xeonova describes the work as supporting its parallel steady-state and pulsed fusion development strategy.\n\nPagoda's own site lists the firm as an investor in more than 60 domestic and international companies, with 9.0 billion RMB in assets under management as of its source data. The firm has been established for 14 years.\n\n## Pagoda's Fusion And Portfolio Record\n\nPagoda participated in the Pre-A round of Star Energy (星能玄光), a field-reversed mirror magnetic confinement fusion company, in November 2025, alongside Ant Group, Yinshan Capital and Zijin Mining, according to akta.pro [company records](https://akta.pro/company-data). The same records show Pagoda's portfolio company Momenta completed its IPO on the Hong Kong Stock Exchange under stock code 6880 on July 8, 2026.\n\nPagoda's portfolio company Hesai Group completed a dual primary listing on HKEX under stock code 2525.HK on September 16, 2025, raising approximately HK$4.16 billion. The firm's leadership includes Managing Partner Wang Ying (王莹).\n\n## What Comes After December\n\nXeonova's stated target is initial construction and integration of the X-3 by late December, following the November installation of transmission coils and system power. Pagoda published the original content behind the brief on November 3, 2026, through Beijing Pagoda Innovation Management Co Ltd.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}