【华西中小盘】可控核聚变系列深度：未来能源的奇点

Group 1 - The core viewpoint of the article emphasizes the high energy release from nuclear fusion, particularly the deuterium-tritium reaction, which is currently the mainstream approach due to its efficiency and lower fuel demand [3][12] - Deuterium-tritium fusion releases energy equivalent to 11.2 tons of standard coal per gram, which is about four times the energy released from one gram of uranium-235 fission [3][12] - The advantages of deuterium-tritium fusion include abundant fuel availability, high technical feasibility, and significant energy gain potential, making it a viable path for achieving net energy gain and commercial power generation [3][12] Group 2 - Global electricity demand driven by data centers is projected to double from approximately 415 TWh to about 945 TWh by 2030, with a growth rate of around 15% per year, significantly outpacing other sectors [4][13] - Controlled nuclear fusion is seen as an ideal energy solution amidst rising electricity demand and carbon neutrality goals, with advancements in technology moving towards stable and economical operation [4][13] - Major projects like EAST and ITER are progressing towards achieving long-term stable operation and energy gain targets, with domestic and international companies actively pursuing fusion power generation [4][13] Group 3 - The value of midstream equipment manufacturing in the tokamak device sector is significant, with over 50% of the value chain attributed to midstream components such as vacuum chambers and superconducting magnets [5][14] - In the ITER project, the magnet system accounts for the highest value share at 28%, while other components like vacuum chamber internals and heating systems also contribute significantly [5][14] - The DEMO demonstration project is expected to shift focus towards high-temperature superconducting technology, further enhancing the value of midstream manufacturing [5][14] Group 4 - Domestic capital expenditure in the nuclear fusion sector is expected to exceed 95 billion yuan over the next five years, benefiting local companies involved in key projects [6][15] - Major projects like CFETR are estimated to require around 100 billion yuan in investment, with significant contributions from domestic enterprises in both upstream materials and midstream equipment manufacturing [6][15] - Companies such as Western Superconducting, Antai Technology, and China Nuclear Power are positioned to benefit from the ongoing advancements and investments in the nuclear fusion industry [6][15]