独家｜押注核聚变，中石油昆仑资本将成为中国聚变能源公司第二大股东

Group 1: Investment in Nuclear Fusion - China National Petroleum Corporation (CNPC) is investing 6.55 billion yuan in a capital increase for Kunlun Capital to support controlled nuclear fusion projects, with a total investment of 32.75 billion yuan [1] - CNPC aims to become the second-largest shareholder in China Fusion Energy Co., which is seen as a key player in the nuclear fusion sector [1] - The controlled nuclear fusion is considered the "ultimate energy solution," with deuterium and tritium as the primary fuels, where deuterium can be extracted from seawater [1] Group 2: Shareholding Structure - After the acquisition, China National Nuclear Corporation (CNNC) will hold 57% of China Fusion Energy Co., while Kunlun Capital will hold 20% and Shanghai Future Fusion Energy Technology Co. will hold 11.81% [2] - Shanghai Future Fusion was established specifically for investing in China Fusion Energy Co. and is part of a larger 10 billion yuan Shanghai Future Industry Fund [2] Group 3: Industry Trends - The trend of oil companies investing in nuclear fusion is growing, with major players like Shell, Chevron, and others diversifying their portfolios in response to global net-zero emissions goals by 2050 [5] - The Chinese government has increased support for controlled nuclear fusion, recognizing it as a key low-carbon technology [5][6] Group 4: Technological Developments - CNNC's "China Circulation No. 3" has achieved significant milestones in nuclear fusion research, reaching temperatures of 117 million degrees Celsius, marking progress towards engineering applications [6] - The goal for nuclear fusion technology is to achieve commercial power generation by around 2050, with a demonstration phase expected around 2045 [6]