Core Insights - The Chinese government is committed to the safe and orderly development of nuclear power, emphasizing the importance of nuclear safety culture and adherence to the highest global safety standards in the construction and operation of nuclear power plants [1][2] - China has accelerated its nuclear power construction, approving 31 nuclear units from 2022 to 2024, with a total investment exceeding 200 billion yuan for five new projects approved in April 2025 [2] - The global nuclear energy sector is experiencing a revival, with China expected to have the largest operational nuclear power capacity in the world by 2030, aiming for a total capacity of 200 million kilowatts by 2040 [2][3] Industry Developments - China is advancing in both nuclear fission and fusion technologies, with significant developments in third-generation fission reactors and the gradual implementation of fourth-generation technologies [3] - The country plans to complete a fusion energy experimental device by 2027, with a roadmap leading to the construction of the world's first fusion demonstration power plant [3][4] - The development strategy for nuclear energy in China includes a phased approach focusing on thermal reactors, fast reactors, and fusion reactors, with ongoing projects like the "Hualong One" and "Guohe One" demonstrating significant technological advancements [4] Market Opportunities - Small modular reactors (SMRs) are seen as a key area for development, offering advantages such as shorter construction times, lower investment costs, and enhanced safety features [5] - The integration of AI technology in the nuclear sector is expected to drive digital upgrades, enhancing engineering design, construction, and operational efficiency [5] - The demand for energy in data centers is projected to double by 2030, presenting a significant market opportunity for small modular reactors to supply energy and replace retiring coal power plants [5]
中国在运、核准核电装机容量超1.2亿千瓦 小堆发展迎来“重要十年”
2 1 Shi Ji Jing Ji Bao Dao·2025-04-28 08:50