Group 1 - The core viewpoint is that China's nuclear energy sector is experiencing significant growth driven by the introduction of the Atomic Energy Law, which supports controlled nuclear fusion research and technology development [1][3] - The Atomic Energy Law, effective from January 15, 2026, is the first comprehensive law governing the nuclear energy sector in China, aimed at promoting sustainable development and establishing a regulatory framework for fusion fuel and facilities [1][3] - The report highlights that key materials and components such as high-temperature superconductors and first-wall materials are critical for fusion devices, with concerns about the supply chain for mass production in the future [1][3] Group 2 - Controlled nuclear fusion is viewed as the ultimate solution in the energy sector, with the potential to lead a new technological revolution similar to the steam engine and electrification [2] - The commercialization of Tokamak fusion reactors is expected to occur between 2031 and 2035, as indicated by a survey from FIA, suggesting a significant timeline for the realization of fusion technology [2] - The report emphasizes that multiple technological pathways for fusion are advancing simultaneously, with Tokamak being the most mature and widely invested route, while private companies are exploring alternative methods like FRC [3] Group 3 - The combination of top-level policies and increased capital investment is accelerating the commercialization of nuclear fusion technology, marking a pivotal moment for the industry [3] - The influx of both state and private capital is facilitating the transition of fusion energy from experimental stages to commercial viability, supported by the new Atomic Energy Law and favorable industry policies [3] - The report notes that domestic fusion projects are progressing rapidly, with various companies complementing each other's strengths to promote the commercialization of fusion energy [3]
中航证券：聚变堆撬动万亿蓝海市场 推动中上游环节产业化提速
智通财经网·2025-09-19 02:28