可控核聚变行业系列报告之一：BEST 杜瓦顺利落位安装，行业有望迎密集招标期

Investment Rating - The report maintains a "Buy" rating for the controlled nuclear fusion industry, indicating an expected investment return exceeding 15% over the next 6-12 months compared to the market benchmark index [7]. Core Insights - The successful installation of the BEST Dewar base marks a significant milestone in the controlled nuclear fusion industry, signaling the commencement of a concentrated bidding period for various projects [1][2]. - The domestic fusion industry is progressing positively, with multiple projects advancing and new initiatives being announced, suggesting an upcoming phase of intensive bidding [3]. - The strategic value of fusion energy is highlighted by increasing electricity demands driven by AI and cloud computing, with major tech companies entering the fusion energy market [4]. Summary by Sections Project Developments - The BEST project has accelerated its timeline, with the main assembly starting two months ahead of schedule. Recent announcements indicate multiple tenders related to the project components [2][3]. - Other projects, such as "Xinghuo No. 1" and "China Circulation No. 4," are also progressing, with significant milestones achieved in environmental assessments and approvals [3]. Technological Advancements - Key technological breakthroughs have been reported, including the introduction of new superconducting materials and advancements in plasma control systems, which are crucial for the development of fusion energy [3][4]. Market Potential - The report emphasizes the long-term growth potential of the controlled nuclear fusion industry, particularly in high-value segments such as magnet systems, vacuum chambers, and power systems, which are expected to benefit from ongoing industry advancements [4][5].