Industry Investment Rating - The industry investment rating is maintained at "Outperform the Market" [2] Core Viewpoints - The report highlights the acceleration of commercialized fusion energy, with Google signing a 200MW power purchase agreement with Commonwealth Fusion Systems (CFS), marking the largest fusion energy purchase agreement in history [5][6] - The report notes significant capital inflow into the domestic fusion energy sector, with multiple companies receiving substantial funding, indicating a potential increase in capital expenditures in this field [7] - Domestic fusion energy research has entered the engineering practice phase, with advancements in radiation safety management for fusion devices [8][9] - The application of new materials and technologies, such as high-temperature superconductors and AI, is expected to accelerate breakthroughs in controlled nuclear fusion [9] - Relevant listed companies in the fusion energy sector include Guoguang Electric, Lianchuang Optoelectronics, and others [10]
谷歌与CFS签署200MW购电协议，聚变能源加速商业化
China Post Securities·2025-07-03 08:24