智通财经网·2025-12-04 00:23Core Viewpoint - The inclusion of controllable nuclear fusion in the national future industrial system marks its transition from frontier scientific exploration to a strategic technological direction, highlighting its potential as a clean baseload energy source that supports carbon reduction in high-energy-consuming industries and enables applications across multiple fields [1] Summary by Relevant Sections Commercialization Drivers - The urgent demand for stable, clean, and high-energy-density energy sources positions controllable nuclear fusion as a core direction for energy transition [2] - Continuous breakthroughs in key technologies, such as the net energy gain from the NIF device and the mature application of high-temperature superconducting magnets, are advancing the engineering validation of controllable nuclear fusion [2] - The number of private fusion companies globally is expected to reach 45 by 2024, accelerating the transition from laboratory research to commercial application [2] - Supportive policies from governments, including legislation and funding, are creating a favorable environment for the development of fusion energy [2] Industry Chain Collaboration - Upstream superconducting materials, special materials, and key equipment are seeing cost reductions and efficiency improvements, with leading companies achieving technological breakthroughs that lay a solid foundation for commercialization [2] - Multiple technological paths are being pursued in controllable nuclear fusion, with magnetic confinement currently leading, particularly through the Tokamak approach, with ITER expected to deliver its first plasma between 2030 and 2035 [2] - Global investment in the fusion industry has grown rapidly, with total investment increasing from $1.9 billion in 2021 to approximately $9.766 billion by 2025, representing over a fivefold increase in four years [2] Investment Opportunities in Upstream Core Segments - Investment opportunities are highlighted in the upstream core segments, including: - Inertial confinement laser systems, focusing on enhancing the power, efficiency, and beam quality of semiconductor laser chips to meet the extreme requirements of fusion devices [3] - Superconducting cables, which are crucial for energy transmission in Tokamak devices, significantly impacting the overall investment costs and device efficiency [3] - Monitoring and control systems, which are essential for the precision and safety of plasma confinement, facing increasing demands for real-time performance and intelligence as fusion devices advance [3] - The National Development and Reform Commission and the National Energy Administration have prioritized research on AI-based intelligent control systems for controllable nuclear fusion, aiming for world-leading AI technology in the energy sector by 2030, creating favorable conditions for technological collaboration across the industry chain [3]