Core Insights - Controlled nuclear fusion is transitioning from conceptualization to engineering and commercialization, marking a significant shift in the industry [1][8] - The Chinese government has established a regulatory framework and policy support for nuclear fusion, indicating a move towards a structured development phase [2][8] - The industry is experiencing a surge in technological breakthroughs and capital investment, particularly in regions like Anhui, Sichuan, and Shanghai, which are forming a "golden triangle" for fusion energy [4][5] Policy and Legislative Framework - The implementation of the Atomic Energy Law on January 15, 2026, signifies a milestone in the regulatory landscape for nuclear fusion [2] - The establishment of the "Fusion Financial Institutions Alliance" aims to foster innovation and ecosystem development in fusion energy [2] Technological Advancements - Significant progress has been made in key fusion devices such as EAST, BEST, and the Chinese Circulating Three and Four, with milestones like EAST achieving 1 billion degrees Celsius for 1066 seconds [3][4] - The focus of research has shifted from basic studies to engineering applications, with expectations that early adopters of successful technologies will dominate the emerging trillion-dollar market [2][3] Regional Development - Anhui is central to fusion energy development, hosting major facilities and nearly 60 related enterprises, with a projected budget of over 2 billion yuan for the BEST device in 2025 [4] - Sichuan is concentrating on manufacturing core components for fusion devices, while Shanghai is leveraging its capital and expertise to tackle critical technologies [5][6] Commercialization Efforts - Private enterprises are diversifying their approaches to fusion energy, seeking to bypass traditional barriers and reduce costs significantly [6][7] - Innovations such as the hydrogen-boron fusion process are being explored, with companies like New Energy Group making strides in this area [7] Investment and Market Outlook - The industry is expected to see increased policy and financial support directed towards mature technologies with high commercial value by 2030 [8] - The next five years are anticipated to be crucial for technological iterations in the fusion energy sector, as companies aim to secure competitive advantages [8]

订单、基金、联合实验室…… 会场发布干货满满 现场专家在报告中指出，当前，核聚变能正处于从"科学"转向"能源"的历史转折点，国际竞争与合作并 存，AI技术的赋能不断推动核聚变能开发应用进程，核聚变能发展进入加速时期。 本次会议举办地合肥是全国综合性国家科学中心之一。依托中国科学院合肥物质科学研究院等国家战略 科技力量，合肥已发展成为我国核聚变能的科技策源地与产业集聚区，拥有东方超环（EAST）、紧凑 型聚变能实验装置（BEST）、聚变堆主机关键系统综合研究设施（CRAFT）等世界领先的大科学装置 和验证平台。 会议总结了2025年度合肥聚变十大创新成果并以视频方式集中发布，分别是： "想来看看最新技术成果""就是来接订单的""看看有没有投资机会"……在1月16日开幕的2026核聚变能 科技与产业大会现场，上证报记者"听到"了核聚变能产业的热度。 作为国内首次举办的集科技前瞻、产业协同、资本对接、生态构建于一体的大型综合性核聚变能行业会 议，本次大会为期两天，吸引了来自高等院校、科研机构、产业链上下游企业、融资平台的1500余位专 业嘉宾受邀参会，反响热度空前。 会上，一系列标志性成果发布，一系列重磅合作的集中 ...

2026年以来，政策立法筑牢制度根基，技术双线突破屡创纪录，资本热潮席卷赛道，安徽、四川、上海 构筑产业"黄金三角"，我国正以多元路径破解"终极能源"落地难题，可控核聚变正步入关键十年窗口 期，万亿级能源市场的新序章已然开启。 ● 本报记者 刘杨 大装置连破纪录 筑牢工程基石 通俗地讲，核聚变就是模拟太阳发光发热，因其燃料丰富、清洁环保、安全可靠，被业内称为人类 的"终极能源"。 从东方超环实现亿度稳态运行，到民营企业在高温超导、氢硼聚变路线上密集突破，曾被戏言"永远还 要50年"的可控核聚变正加速摆脱"概念化"标签，从基础研究迈向工程化、商业化竞速的新阶段。 安徽以合肥为核心，依托中国科学院等离子体所的技术积淀，集聚EAST、BEST、CRAFT三大关键装 置，汇集聚变企业近60家，覆盖全产业链。仅BEST装置2025年招标预算就超过20亿元，带动本地供应 商协同成长。 2026年1月15日，《中华人民共和国原子能法》正式施行，这一里程碑式的立法，与"十五五"规划建议 将可控核聚变列为重点布局的未来产业形成政策合力，标志着我国聚变能源发展进入规范化阶段。 政策红利的释放立竿见影。在1月16日召开的2026核 ...

Core Insights - The article discusses the advancements in nuclear fusion technology in China, particularly focusing on the Chengdu Nuclear Fusion Industry Corridor and the achievements of the Southwestern Institute of Physics (西物院) in developing the Chinese Circulation No. 3, which has reached significant milestones in fusion research [1][2]. Group 1: Technological Advancements - The Chinese Circulation No. 3 is the largest and highest-parameter magnetic confinement fusion device in China, achieving the first domestic "double hundred million degrees" and "million ampere billion degree high confinement mode operation," with fusion triple product reaching 10^20 [2]. - High-temperature superconducting magnets are identified as a core technology for enhancing magnetic field strength, which is crucial for effective plasma control and commercializing fusion energy [1][2]. - AI technology has been integrated into plasma control, allowing for near "autonomous driving" capabilities in managing plasma stability, significantly increasing energy confinement time [4]. Group 2: Industrial Development - The Southwestern Institute of Physics plays a pivotal role in the fusion industry by driving the localization of key components and achieving international standards in fusion technology, including the development of the first wall prototype for the ITER project [3]. - The institute is also fostering international collaboration, positioning the Chinese Circulation No. 3 as a satellite device for ITER and enhancing China's influence in global fusion research [3]. Group 3: Future Plans and Goals - The Southwestern Institute of Physics aims to achieve commercial fusion energy by 2045, with a roadmap that includes the construction of a demonstration reactor by that year, and plans to start fusion energy burning experiments by 2027 [6][7]. - The focus will remain on high-temperature superconducting technology, with a target of achieving 20 Tesla in large magnet engineering applications, while addressing challenges in the mechanical structure and quench protection technology [5][7]. - Collaboration with various stakeholders, including state-owned enterprises and universities, is essential for developing a closed-loop system for research, validation, and commercialization of fusion technology [5][7].

Group 1 - The World Leading Scientists Summit (WLS) and the World Government Summit (WGS) will hold a joint summit in Dubai from February 1 to 3, featuring 71 top scientists, including 39 Nobel laureates [1][2] - The theme of the summit is "Fundamental Science: Addressing the Challenges of Humanity's Future," focusing on four key topics: the integration of artificial intelligence and fundamental science, the co-evolution of scientific progress and social development, global collaboration in open science, and the future of scientific cooperation systems [1] - The summit aims to enhance the UAE's position as a "global scientific hub" through extensive scientific collaboration [1] Group 2 - The World Government Summit, held annually in Dubai since 2013, aims to drive global governance transformation through innovation and technology, with over 6,000 participants last year and an expected attendance of 40 heads of state and over 500 government ministers this year [2] - The joint summit model is expected to create new opportunities for resource linkage and collaboration, enhancing the depth and breadth of engagement between the two events [2]

近日，超磁新能（上海）科技有限公司（以下简称"超磁新能"）正式宣布完成数亿元天使轮融资。本轮融资由鼎峰科创领投，中科创星、北极光创投、耀 途资本、广发信德、一典资本等多家知名机构跟投。 为何资本青睐一家聚焦于单一部件的公司？答案在于磁体是磁约束核聚变装置的"心脏级"核心部件。在托卡马克这类主流装置中，超导磁体成本占比可达 20%至50%，其磁场强度直接决定了装置的紧凑性、效率和商业化成本。 超磁新能致力于实现磁场强度的关键突破，旨在为未来的商业聚变堆打造一个更稳定、更高效、更紧凑的"磁笼"。这条技术路径一旦走通，将直接解决可 控核聚变商业化道路上最关键的成本障碍之一。 本轮融资将主要用于25T高温超导磁体系统的工程样机研制与测试、建设中试平台、引进顶尖人才以及深化与国内外聚变装置的合作对接。 在资本看来，超磁新能所专注的强场磁体正是可控核聚变商业化中最核心的"卡脖子"环节。耀途资本创始合伙人杨光表示："可控核聚变是关乎人类未来 的终极能源解决方案。我们高度认可超磁新能团队在'心脏级'部件——高温超导强场磁体上展现的深厚技术积淀。" 01 深耕超导磁体核心赛道 目前，公司已持有多项高温超导发明专利，在磁体绕组设 ...

周五，上证指数高开低走跌0.26% ，不过全市场成交额仍然维持在三万亿左右。 消息面催化下，电网设备板块早盘大幅高开。电科院、汉缆股份、思源电气、积成电子等多股涨停，新 风光、红相股份等均涨超10%。 成分股表现强势，带动全市场唯一的电网设备ETF(159326)涨幅达到了2.05%。 到底发生了什么？ 01 四万亿砸中赛道 消息面上，据中国电力报消息，国家电网"十五五"投资计划出炉："十五五"期间，国家电网公司固定资 产投资预计达到4万亿元，较"十四五"投资增长40%。 根据机构预测，南网"十五五"期间投资规模或达1万亿元左右，故而十五五期间我国电网投资约1万亿/ 年，2026年国网/南网投资额有望达7000亿元/1890亿元，分别同比+7.6%/8.0%。而"十四五"期间，国家 电网完成固定资产投资超过2.85万亿元，其中2025年固定资产投资创历史新高，超6500亿元。 这只ETF是全市场唯一跟踪中证电网设备主题指数的ETF，聚焦送电环节，是市场上稀缺的"特高压"标 的指数，成份股中特高压权重占比高达64%，智能电网含量55%，可控核聚变含量17%，均为全市场最 高，囊括了国电南瑞、思源电气、特变电工、 ...

Group 1 - The company, Zhongchao Holdings (002471.SZ), stated on the investor interaction platform that it currently does not have special cables and high-temperature alloy precision castings available for controlled nuclear fusion applications [1]

天工国际(00826)发布公告，于2026年1月16日，合肥综合性国家科学中心能源研究院(能源研究院)批准 公司的间接附属公司江苏天工爱和科技有限公司(天工爱和)成为聚变高端金属材料研发联合实验室(联合 实验室)的新成员。本协议自签字盖章之日起生效，有效期五年。联合实验室成立期满后，各联合实验 室成员根据合作情况，另行商议。 天工爱和将专注于的联合实验室工作如下：实现粉末冶金 304B7 高硼钢大尺寸研制的吨级制造;及完成 硼当量>3.2wt%新型中子屏蔽钢的研制。能源研究院将提出聚变堆材料的设计和使用需求，为材料推广 应用，提供必要的应用场景;开展高硼钢性能屏蔽，包括力学性能、微观组织、成分测试以及服役性能 评估。天工爱和将针对聚变堆材料需求，联合需求方组建研发团队，制定研发方案，开展技术攻关，包 括钢材原料的选择、冶炼、雾化制粉、热等静压烧结、热加工，以及力学等性能测试。 董事会认为联合实验室协议将协助集团开拓可控核聚变的下游应用领域，预期将丰富集团的粉末冶金的 业务，提高粉末冶金的产能使用率，进一步提高公司核心竞争力。同时亦可能为集团开拓其他高科技领 域的应用。 能源研究院成立于2019年底，是中国科学 ...

董事会认为联合实验室协议将协助集团开拓可控核聚变的下游应用领域，预期将丰富集团的粉末冶金的 业务，提高粉末冶金的产能使用率，进一步提高公司核心竞争力。同时亦可能为集团开拓其他高科技领 域的应用。 能源研究院成立于2019年底，是中国科学院和安徽省政府共同发起，依托中科院合肥物质科学研究院等 离子体所、中国科学技术大学、合肥工业大学、安徽理工大学四家单位合作共建的研发机构，重点围绕 煤炭清洁高效利用、可再生能源、智慧电力及磁约束聚变四个方向，开展前沿基础和应用技术研究及关 键核心技术攻关，提供系统解决方案，目标是为国家能源安全、国际能源技术发展以及解决人类能源终 极问题提供科学和技术支持。 天工爱和将专注于的联合实验室工作如下：实现粉末冶金 304B7 高硼钢大尺寸研制的吨级制造;及完成 硼当量>3.2wt%新型中子屏蔽钢的研制。能源研究院将提出聚变堆材料的设计和使用需求，为材料推广 应用，提供必要的应用场景;开展高硼钢性能屏蔽，包括力学性能、微观组织、成分测试以及服役性能 评估。天工爱和将针对聚变堆材料需求，联合需求方组建研发团队，制定研发方案，开展技术攻关，包 括钢材原料的选择、冶炼、雾化制粉、热等静压烧结 ...