可控核聚变专题报告：政策、技术、资本合力推动，聚变能商业化前景可期

Group 1: Policy Support and Industry Development - The report emphasizes that controlled nuclear fusion is recognized as a strategic emerging industry and is a crucial part of the dual carbon policy, with various government policies supporting its development [37][57]. - Significant investments in fusion technology and power plant construction have been announced by governments in China, the UK, Canada, and the US, indicating a global commitment to advancing fusion energy [59][61]. - The report highlights that the global fusion market is projected to grow from $301.25 billion in 2023 to $496.55 billion by 2030, with a CAGR of approximately 7.4% from 2024 to 2030 [38][49]. Group 2: Technological Advancements - The report notes that breakthroughs in high-temperature superconducting materials are enhancing the commercial viability of fusion energy by reducing construction costs and maintenance for tokamak devices [63]. - Key technological challenges for achieving nuclear fusion include reaching temperatures exceeding 100 million degrees Celsius and maintaining plasma stability for extended periods [49][70]. - The report mentions that significant progress has been made in fusion research in 2023, including record achievements in plasma confinement and tritium recovery efficiency [43][61]. Group 3: Investment Opportunities - The report suggests focusing on suppliers of superconducting materials, such as Lianchuang Optoelectronics and Western Superconducting, as well as component suppliers like Antai Technology and Shanghai Electric [49]. - It identifies potential investment opportunities in upstream raw material suppliers, including Xiamen Tungsten and Guoda Special Materials, as the fusion industry expands [49]. - The report indicates that the establishment of a controlled nuclear fusion innovation consortium in China, involving multiple enterprises and research institutions, is a significant step towards advancing fusion energy [49][61].