Core Viewpoint - The article discusses the imminent operational launch of China's first commercial linear field-reversed configuration (FRC) fusion device, marking a significant step from laboratory research to practical application in controlled nuclear fusion technology [1][4]. Summary by Sections Overview of Fusion Technology - Nuclear fusion is the process of combining light atomic nuclei into heavier nuclei, releasing vast amounts of energy, and is considered the "ultimate energy" source due to its abundant raw materials and lack of pollution [1]. - The main technological routes for controlled nuclear fusion include gravitational confinement, inertial confinement, and magnetic confinement, with magnetic confinement currently being the mainstream approach [1]. Company Focus and Financing - Hanhai Fusion is the first company in China to adopt the FRC technology route, aiming to compete with U.S. startups like Helion, which plans to supply 50 MW to Microsoft by 2028 [4]. - The company has completed seed and angel financing rounds in March 2023 and April 2024, raising over 50 million yuan to support the construction of its first-generation fusion device [4]. Short-term and Long-term Goals - In the short term, Hanhai Fusion will focus on non-power generation applications such as nuclear medicine, neutron imaging, and nuclear waste treatment, with a goal of commercializing these technologies by the end of 2025 [4][5]. - The second-generation device is planned to begin construction in 2026, with the aim of generating power and collaborating with nuclear power owners to establish a fusion demonstration plant by the end of 2030 [5]. Advantages of FRC Technology - FRC devices have lower construction and operational costs, requiring 80% less magnetic material and reducing construction costs to 1/5 to 1/10 of that of Tokamak devices, with the first-generation device costing approximately 300 million yuan [6]. - The energy efficiency of FRC devices is significantly higher, with fusion power output potentially reaching 100 to 1000 times that of Tokamak devices, and a 30% increase in energy conversion efficiency [7]. - The commercialization timeline for FRC technology is faster, with a 50% reduction in the time from research to demonstration plant compared to Tokamak [8]. Market Potential and Component Demand - The demand for power systems in FRC devices is expected to increase significantly, with the power system potentially accounting for 50% of the total value due to the need for high-performance pulsed power supplies [11]. - Key components for FRC devices include vacuum switches, power supplies, capacitors, and other critical systems, with several companies identified as potential suppliers for these components [11][12].