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Document 34 From: Jimmy Goodrich (LTV) Sent: Wed, 23 Jul 2025 03:49:29 +0000 To: Wright, Chris; Kratsios, Michael J. EOP/OSTP Cc: 'DARIO GIL'; 'Paul Dabbar'; Budil, Kimberly Susan; Kearns, Paul K.; Mason, Thomas Edward; Wagner, John Charles;(b) (6) Subject: [EXTERNAL] Beij ing sets up $21 bi llion national f usion energy company Dear Secretary Wright, Director Kratsios, I wanted to share with you my analysis of late breaking news that the Chinese Government has set up a new $21 billion USO National Fusion Energy Companythat will significantly amp up Beijing's intense focus on beating the U.S. to first on the grid at-scale fusion energy deployment. This development combi ned with Beijing's new multibillion dollar laser ignition fa ci lity that will dwarf NIF, and a new pulsed power machine that will dwarf the Z-Machine, means Beijing is deadly serious about fusion energy and nuclear weapons testing, and is going all in in their own Manhattan-like national fusion project. Happy to chat if you have any additional questions. Cheers, Jimmy Goodrich RAND (b) (6) (b) (4) Sierra Club v. Dept of Energy, 4:25-cv-5027 SC_EVERSPLIT0027134 (b) (4) Sierra Club v. Dept of Energy, 4:25-cv-5027 SC_EVERSPLIT0027135 (b) (4) See more I wrote on this here: https://ucigcc.org/blog/fusion-and-chinas-quest-forenergy-independence/ Jimmy Goodrich Senior Advisor for Technology Analysis (b) (6) M: (b) (6) Schedule a meeting: (b) (6) This email message is for the sole use of the intended recipient(s) and may contain information that is sensitive, proprietary, and/or privileged. Any tmauthorized review, use, disclosure or disbibution is prohibited. If you are not the intended recipient, please contact the sender by reply email and destroy all copies of the original message. ******************************************************************** This message does not originate from a known Department of Energy email system. Use caution if this message contains attachments, links or requests for information. ******************************************************************** Sierra Club v. Dept of Energy, 4:25-cv-5027 SC_EVERSPLIT0027136