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 core 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 planner," leveraging regional advantages to advance fusion energy from technology reserves to engineering and commercialization [2][3]. - Waneng Power is developing a dual-track model focusing on "long-term fusion breakthroughs and short-term technology implementation," collaborating with research institutions to establish a joint laboratory for fusion and hydrogen energy applications [3]. Group 2: Regional Advantages - Hefei's regional advantages support Waneng Power's strategy through collaboration with top research institutions, aligning with local policies for funding support, and participating in industry standard-setting [4]. - The company aims to create a full-cycle capability by integrating upstream raw material supply, midstream equipment development, and downstream electricity consumption markets [4]. Group 3: Operational Readiness - Waneng Power is preparing for the operational challenges of fusion power plants by developing a standardized energy-level operation and maintenance system, focusing on advanced technologies such as remote maintenance and intelligent monitoring [5]. - The company follows a three-step approach for controllable fusion energy: focusing on key technology incubation during the experimental phase, engineering integration during the demonstration phase, and strategic positioning in power sales during the commercial phase [5]. Group 4: Industry Trends - The capital influx into the fusion energy sector is seen as a double-edged sword, with potential for accelerating construction and innovation but also risks of valuation bubbles and development imbalances [7]. - The next 5 to 10 years are expected to see a surge in the operation of fusion experimental devices and the construction of demonstration and commercial reactors, marking a critical phase for engineering and commercialization [7]. Group 5: Strategic Participation - Energy companies are advised to leverage their strengths and avoid blindly following trends, focusing on building core barriers in the "conventional island" segment to achieve strategic positioning [8]. - Waneng Power will continue to deepen its approach of "ecological co-construction, technological leadership, and future layout," accelerating the establishment of joint laboratories and expanding industry collaborations [8].