智通财经网·2025-06-18 01:59Core Insights - Nuclear fusion technology is considered a significant technological revolution in the energy sector, with major investments accelerating in the US and China [1][4] - The Tokamak design is currently the most mainstream approach due to its high operational stability and relatively lower manufacturing difficulty [2][4] - The global investment in fusion technology is expected to reach approximately $1.74 billion by 2024, with a notable increase in funding from the US and China [4][5] Investment Dynamics - The core components of fusion reactors, specifically magnets and in-vessel components, account for 28% and 17% of the reactor costs, respectively, making them critical areas for capital expenditure [1] - The investment scale for fusion experimental reactors is in the hundreds of millions, with reactor investments constituting about 40% of the total [1] Technological Challenges - Current Tokamak devices face significant challenges in achieving commercial fusion power, including issues related to operational duration, neutron radiation, and tritium breeding [3] - High-temperature superconductors and tungsten materials are emerging trends to address these challenges, while AI technology is expected to enhance plasma control [3] Global Comparison - The ITER project, which aims to demonstrate fusion power generation, is experiencing delays, with plasma generation now expected in 2033 and full power operation by 2039 [4] - Despite ITER's slow progress, the pace of fusion research and development in the US and China is accelerating, with significant funding initiatives announced [4][5]