皖能电力董事长李明： 以耐心资本迎接聚变能源商业化破晓

Core Viewpoint - Fusion energy is becoming a central focus in China's energy transition, with Hefei emerging as a key hub for the fusion energy industry, housing nearly 60 related enterprises and top scientific facilities [1][2] Group 1: Company Strategy - Anhui Waneng Power has invested 500 million yuan through a partnership to indirectly hold a 3.45% stake in Fusion New Energy, marking a significant step in its fusion energy strategy [2] - The company positions itself as an "ecological builder, transformation pioneer, and commercial layout developer," leveraging regional advantages to advance fusion business from technology reserves to engineering and commercialization [2][3] Group 2: Technological Development - Waneng Power is implementing a dual-track model focusing on "long-term fusion breakthroughs and short-term technology implementation," collaborating with Hefei Comprehensive National Science Center to establish a joint laboratory for fusion and hydrogen energy applications [3] - The company is also focusing on the "conventional island" segment of future fusion power plants, utilizing its experience in power generation to lay a solid foundation for commercial power stations [3] Group 3: Regional Advantages - Hefei's regional advantages support Waneng Power's strategy through three main aspects: leveraging top research facilities for accelerated technology engineering, aligning with local policy for funding support, and fostering a collaborative ecosystem among enterprises [4] - The compact fusion energy experimental device (BEST) is a core project for the nuclear energy industry, currently in the assembly phase, guiding Waneng Power's operational management and investment in the industry chain [4] Group 4: Industry Trends - The capital influx into the fusion energy sector is rising, with the A-share nuclear fusion sector experiencing a surge due to the BEST project, but there are risks associated with this capital, including potential valuation bubbles and development imbalances [7] - The industry is expected to enter a critical phase in the next 5 to 10 years, with a focus on the operational launch of fusion experimental devices and the construction of demonstration and commercial reactors [7][8] Group 5: Future Outlook - Energy companies are advised to leverage their strengths and avoid blindly following trends, focusing on building core barriers in the "conventional island" segment while managing risks [8] - Waneng Power aims to deepen its approach of "ecological co-construction, technological leadership, and future layout," accelerating the establishment of joint laboratories and expanding industry chain cooperation to facilitate the transition to engineering and commercialization in fusion energy [8]