Core Viewpoint - The successful installation of the Dewar base for the BEST project marks a new phase in the construction of controlled nuclear fusion, indicating potential acceleration in component development and engineering installation [1][2]. Group 1: Project Progress - The BEST project has advanced its overall assembly by two months ahead of schedule, with the Dewar base installation signaling a new stage in the project [2]. - Multiple projects in the domestic fusion industry are progressing steadily, with new routes and projects being announced, indicating an upcoming period of intensive bidding [3]. Group 2: Technological Advancements - Significant breakthroughs in key technologies and components have been reported, including the introduction of a kilometer-level REBCO superconducting tape suitable for controlled nuclear fusion scenarios and the successful generation of a steady-state strong magnetic field [3]. Group 3: Strategic Value of Fusion Energy - The strategic value of fusion energy is highlighted by its potential to reshape electricity consumption structures, particularly with the increasing demand from AI and data centers, which are projected to account for 5%-9% of global electricity consumption by 2050 [4]. - Major tech companies are actively engaging in fusion energy, with agreements for purchasing fusion power, indicating a strong market interest and potential for long-term growth in the controlled nuclear fusion industry [4]. Group 4: Investment Opportunities - Companies to watch in the vacuum chamber and internal components include Hezhong Intelligent (603011), Guoguang Electric (688776), Antai Technology (000969), and Parker New Materials (605123) [5]. - For magnet systems, notable companies include Lianchuang Optoelectronics (600363) and Yongding Co., Ltd. (600105) [5]. - In the power systems sector, key players are Sichuan Chuang Electronics (600990), Wangzi New Materials (002735), and Xuguang Electronics (600353) [5].

点击注册小程序 查看完整报告 25 年 5 月 1日，紧凑型聚变能实验装置（BEST）启动工程总装，较原计划进度提前 2 个月。9月底，聚变 新能官网发布多则 BEST 项目招标公告，主要涉及离子回旋共振加热高压电源系统相关组件、COOL TBM 相关组件等。此次杜瓦底座顺利落位安装，标志着 BEST 项目主体工程建设步入新阶段，部件研制和工程 安装有望开启"加速度"。 国内聚变行业进展积极，或迎密集招标期 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 事件： 10 月 1 日，紧凑型聚变能实验装置（BEST）主机系统中最重的部件、也是国内聚变领域最大的真空部件 ——杜瓦底座顺利完成制造交付及落位装配。 点评： BEST 杜瓦底座顺利落位装配，项目部件研制、工程安装有望提速 项目层面，除 BEST 项 ...