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Z箍缩驱动聚变-裂变混合堆
Guotai Junan Securities·2025-06-05 00:40

Group 1: Fusion-Fission Hybrid Reactor Overview - Fission reaction involves heavy atomic nuclei splitting into lighter nuclei, releasing energy and neutrons, which can trigger a chain reaction[2] - Fusion reaction combines light atomic nuclei under high temperature and pressure to form heavier nuclei, representing the core mechanism of controlled nuclear fusion[2] - The Z-pinch driven fusion-fission hybrid reactor (Z-FFR) utilizes D-T fusion to produce high-energy neutrons that drive fission in non-fissile materials like uranium-238 or thorium[2] Group 2: Development and Investment - The total investment for the Spark High-Temperature Superconducting Fusion-Fission Hybrid Experimental Reactor is approximately 20 billion RMB, aiming to establish the world's first hybrid power plant by 2030[2] - The Xianjue Energy project, led by Guoguang Electric and the Tianfu Innovation Energy Research Institute, focuses on engineering applications of the Z-pinch hybrid reactor, targeting commercialization by 2040[2] Group 3: Key Technologies and Suppliers - The core technologies of the Z-pinch hybrid reactor include pulsed high-current technology and tritium breeding blanket technology[2] - Wangzi New Materials' subsidiary, Ningbo Xinrong, produces special capacitors applicable to the hybrid reactor's high-power pulsed power systems[2] - Guoguang Electric is a key supplier in the tritium factory sector, positioning itself as a leading enterprise for the Z-pinch hybrid reactor[2] Group 4: Risks and Challenges - Potential risks include unfavorable industrial policies and challenges in achieving technological breakthroughs and cost reductions[2]