"全会清晰标定了'十五五'时期成都的目标定位，这是塑造城市竞争新优势的关键所在。"12月10日，在成都市政府新闻办举行的解读成都市委 十四届八次全会精神新闻发布会上，成都市委副秘书长、办公厅主任邱长宝表示。现场问答环节，成都相关政府部门负责人解答了成都未来加 快建设"五中心五地"的具体举措。 日前，成都市委十四届八次全会（以下简称"全会"）举行，系统谋划"十五五"时期成都经济社会发展，审议通过了《中共成都市委关于制定成 都市国民经济和社会发展第十五个五年规划的建议》（以下简称"成都'十五五'规划建议"）。 全会提出，未来五年，成都将坚持"创新驱动、开放引领、科产融合、强县活区"发展战略，加快建设"五中心五地"，即全国重要的经济中心、 科技创新中心、对外交往中心、国际消费中心、文化创意中心和国家战略科技力量重要承载地、全国先进制造业基地、数字文创产业集聚地、 改革开放新高地、高品质生活宜居地。 实施"圈链融合"工程 把人工智能变成"主跑道" 回顾"十四五"，成都制造业发展基础坚实、成效显著。工业营收连续跨越3个千亿级台阶，培育形成了电子信息、装备制造两个万亿级产业集 群，航空航天、人工智能等10条千亿级产业链， ...

Core Insights - Hydrogen energy and nuclear fusion are identified as future industries in the "14th Five-Year Plan," expected to become new economic growth points and accelerate the transition from laboratory to industrial application, contributing to the "dual carbon" goals [1] Hydrogen Energy - Hydrogen energy is produced through the chemical reaction of hydrogen and oxygen, utilizing primary energy sources like wind, solar, coal, and natural gas, making it a secondary clean energy source [2] - The hydrogen industry is emerging, with hydrogen fuel cell vehicles offering longer ranges and faster refueling; hydrogen is also being used in steelmaking to replace coke, significantly reducing carbon emissions [2] - By the end of 2024, national hydrogen production capacity is expected to exceed 50 million tons per year, with a year-on-year growth of approximately 1.6%; over 600 renewable energy electrolysis hydrogen production projects are planned nationwide [2] - The development of the hydrogen industry is crucial for accelerating the construction of a new energy system and achieving carbon peak and carbon neutrality goals [2] Nuclear Fusion Energy - Nuclear fusion is likened to the ultimate energy dream, where hydrogen atoms fuse into helium under extreme temperatures and pressures, releasing vast amounts of energy [3] - The raw materials for nuclear fusion are abundant, derived from isotopes of hydrogen found in seawater, and it is considered a clean and safe energy source [3] - For instance, the energy produced from 1 liter of seawater's deuterium is equivalent to that from 300 liters of gasoline [3] - Significant advancements in nuclear fusion research have been reported in China, including breakthroughs in temperature and duration of high-quality burning, bringing the "artificial sun" closer to reality [3] - The technology of fusion energy is transitioning from scientific research to engineering practice and commercial application [3]

Group 1 - The "14th Five-Year Plan" highlights hydrogen energy and nuclear fusion as emerging industries that will drive economic growth and contribute to carbon neutrality goals [1] - Hydrogen energy is produced through chemical reactions between hydrogen and oxygen, utilizing various primary energy sources, and is recognized as a clean secondary energy source [5] - By the end of 2024, China's hydrogen production capacity is expected to exceed 50 million tons per year, with a year-on-year growth of approximately 1.6% [5] Group 2 - Nuclear fusion is seen as the ultimate energy solution, mimicking the sun's energy production through the fusion of hydrogen isotopes under extreme conditions [5] - The energy produced from one liter of seawater's deuterium fusion is equivalent to that from 300 liters of gasoline, showcasing its potential [5] - Recent advancements in nuclear fusion research in China, such as the "China Circulation No. 3" achieving temperatures over 100 million degrees Celsius, indicate significant progress towards practical applications [6] Group 3 - The Director of the National Atomic Energy Agency stated that fusion technology is transitioning from research to engineering and commercial applications, with the potential to provide nearly limitless clean energy [7] - Hydrogen energy is expected to empower various industries, while nuclear fusion could illuminate homes, moving from science fiction to reality [7]

"十五五"规划建议中，两位"能源新秀"氢能和核聚变能被列为未来产业，将成为新的经济增长点，加速 从实验室走向规模化、产业化应用，为实现"双碳"目标注入动能。 氢能和核聚变能是什么？又将如何影响未来生活？ 一代人造太阳 中国歌流三 氢能和核聚变能: "能源新秀" 驱动绿色未来 NLS ( 陆海斯通) NLS 陆海新通道 100 118 NLS 陆海新通道 uni 二大大年春子 西藏国际70kg 植糖2人 氢能是氢和氧进行化学反应释放出的化学能，它通过风能、太阳能、煤炭、天然气等一次能源生产，是 一种二次清洁能源。 目前，氢能产业化崭露头角：搭载氢燃料电池，汽车续航更长、补能更快；钢铁冶炼行业用氢能替代焦 炭，可有效减少碳排放；氢能可实现跨季节、长周期储能，弥补风、光发电"看天吃饭"的短板。 如果说氢能已是能源转型的"实干派"，那么核聚变能则是实现人类终极能源梦想的"理想主义者"。 核聚变的原理如同太阳发光发热，在极高温度和压力下，氢原子聚变成氦原子并释放出巨大能量。核聚 变能因原料丰富，来自海水中氢的同位素氘和氚，且清洁安全，被许多人寄予"终极能源"的厚望。比 如，1升海水里的氘聚变出的能量，相当于300升汽油 ...

氢能和核聚变能是什么？又将如何影响未来生活？ "十五五"规划建议中，两位"能源新秀"氢能和核聚变能被列为未来产业，将成为新的经济增长点，加速 从实验室走向规模化、产业化应用，为实现"双碳"目标注入动能。 核聚变的原理如同太阳发光发热，在极高温度和压力下，氢原子聚变成氦原子并释放出巨大能量。核聚 变能因原料丰富，来自海水中氢的同位素氘和氚，且清洁安全，被许多人寄予"终极能源"的厚望。比 如，1升海水里的氘聚变出的能量，相当于300升汽油。 今年以来，我国聚变科研装置好消息频传："中国环流三号"首次实现原子核和电子温度均突破1亿摄氏 度；全超导托卡马克核聚变实验装置（EAST）首次完成1亿摄氏度1000秒"高质量燃烧"，创造新世界纪 录……每一步突破，让我们离"人造太阳"的梦想更近了。 国家原子能机构主任单忠德表示，聚变能技术正在从科学研究向工程实践和商业应用的目标加速迈进。 氢能是氢和氧进行化学反应释放出的化学能，它通过风能、太阳能、煤炭、天然气等一次能源生产，是 一种二次清洁能源。 目前，氢能产业化崭露头角：搭载氢燃料电池，汽车续航更长、补能更快；钢铁冶炼行业用氢能替代焦 炭，可有效减少碳排放；氢能可实现跨季 ...

Core Insights - The "14th Five-Year Plan" has significantly advanced China's energy transition, with a focus on enhancing energy supply capacity, accelerating green transformation, and optimizing energy layout [1] - The "15th Five-Year Plan" aims to achieve carbon peak targets and establish a clean, low-carbon, safe, and efficient new energy system [1] Energy Sector Development - The "15th Five-Year Plan" emphasizes the cultivation of emerging and future industries, particularly in new energy, new materials, aerospace, and low-altitude economy [2] - New energy is recognized as a key component of strategic emerging industries, with a shift towards improving industry quality and efficiency during the "15th Five-Year Plan" [2] - Hydrogen energy and nuclear fusion are highlighted as future industries, with plans to explore diverse technological routes and applications [2] Hydrogen Energy and Nuclear Fusion Progress - By the end of 2024, China's hydrogen production capacity is expected to exceed 50 million tons per year, with over 600 renewable energy hydrogen production projects planned [3] - The country has promoted 28,000 fuel cell vehicles and built over 500 hydrogen refueling stations, leading in the commercial vehicle sector [3] Modern Infrastructure Development - The "15th Five-Year Plan" calls for the construction of a modern infrastructure system, optimizing energy backbone channel layouts and enhancing new energy infrastructure [4] - Significant projects include high-voltage transmission channels and natural gas pipeline networks to support clean energy development [4][5] National Unified Market and Competition - The plan aims to eliminate barriers to building a national unified market and address "involution" competition, promoting a healthy market order [6] - The establishment of a unified electricity market is crucial for energy transition and resource optimization [6] New Energy System and Carbon Peak Goals - The plan focuses on building a new energy system, increasing the share of renewable energy, and ensuring the orderly replacement of fossil fuels [7] - By mid-2025, China's renewable energy installed capacity is projected to reach 2.159 billion kilowatts, accounting for 59.2% of total installed capacity [7][8] - The nuclear power sector is also expanding, with operational capacity reaching 60.91 million kilowatts, making China the world leader [8]

Core Insights - The "15th Five-Year Plan" aims to enhance China's energy sector, focusing on achieving carbon peak targets and establishing a clean, low-carbon, safe, and efficient energy system [1][7] Group 1: Energy Sector Development Goals - The overall goal for the energy sector during the "15th Five-Year Plan" is to achieve carbon peak targets and establish a new energy system [1] - The plan emphasizes the importance of energy transition, with a focus on enhancing energy supply capacity and accelerating green transformation [1][7] Group 2: Emerging Industries and Future Technologies - The plan highlights the need to cultivate emerging industries, particularly in new energy, new materials, aerospace, and low-altitude economy [2] - Hydrogen energy and nuclear fusion are specifically mentioned as future industries to explore diverse technological routes and business models [2][3] Group 3: Infrastructure Development - The plan calls for the construction of modern infrastructure to support energy transition, including optimizing energy transmission channels and building new energy facilities [3][4] - The development of charging stations and energy storage systems is deemed essential for the new energy infrastructure [5] Group 4: Market Regulation and Competition - The plan aims to eliminate barriers to building a unified national market and address "involution" in competition within the energy sector [5][6] - Establishing a unified electricity market is crucial for optimizing resource allocation and supporting energy transition [5] Group 5: Achievements and Future Directions - As of mid-2025, China's renewable energy installed capacity reached 2.159 billion kilowatts, accounting for 59.2% of total installed capacity [7] - The plan emphasizes the need for further acceleration of low-carbon and clean transformation in the energy sector to support economic development [7]

Core Viewpoint - The article discusses the strategic planning and development of future industries in China, focusing on key areas such as quantum technology, biomanufacturing, hydrogen energy, nuclear fusion energy, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communication as new economic growth points [4]. Group 1: Energy Sector Development - The clean energy transition is crucial for achieving carbon neutrality goals, with China making significant advancements in solar, wind, and energy storage sectors, establishing a global leadership position in these areas [5]. - Hydrogen energy and nuclear fusion are identified as essential components for deep decarbonization, with hydrogen serving as a flexible carrier and nuclear fusion as a clean baseload power source, potentially forming a key combination for future energy development [5]. Group 2: Hydrogen Energy Industry - Recent policies in China have increasingly supported the hydrogen energy sector, including renewable energy consumption assessments and funding for green methanol projects, indicating a strong governmental push for hydrogen development [6]. - The hydrogen industry is expected to benefit from continuous cost reductions driven by technological advancements and scale, alongside supportive policies for various downstream applications, creating new opportunities for the green hydrogen and ammonia industry [6]. Group 3: Nuclear Fusion Developments - Since 2025, China's nuclear fusion sector has entered a rapid development phase, marked by significant milestones such as the "China Circulation No. 3" entering a new testing phase and the establishment of the China Fusion Energy Co., Ltd. [7]. - Multiple technological routes and projects, including the "Circulation No. 4" and laser fusion power stations, are progressing, indicating a promising future for controlled nuclear fusion projects in China [8].

Group 1: Key Concepts from the 20th Central Committee's Fourth Plenary Session - The session emphasizes "new quality productivity" and "high-level technological self-reliance" as core concepts for the 15th Five-Year Plan[8] - The focus is on technological innovation as the main line to ensure safety and resilience, promoting high-quality development and common prosperity[8] - The transition from a factor-driven growth model to an innovation-driven model is highlighted, marking a fundamental shift in economic growth[9] Group 2: Strategic Industry Development - The proposal aims to develop emerging pillar industries, accelerating the growth of sectors like new energy, new materials, and aerospace, potentially creating several trillion-level markets[11] - Hydrogen energy and nuclear fusion are identified as strategic future energy sectors, with significant market potential expected to reach trillion-level scales during the 15th Five-Year Plan[13] - The "three new" economy's contribution to GDP is projected to exceed 18% by 2024, indicating a strong focus on innovation-driven growth[11] Group 3: Policy and Market Implications - The government will provide strong support in planning, funding, and research for emerging industries, particularly hydrogen and nuclear fusion, over the next decade[14] - The integration of new energy technologies with manufacturing and smart control is expected to enhance the added value of manufacturing[12] - Risks include potential misinterpretation of policies and outcomes not meeting expectations, which could impact industry growth[15]

Investment Rating - The report maintains a "Buy" rating for the electric power equipment and new energy sector, indicating an expected investment return exceeding 15% over the next 6-12 months compared to the market benchmark [6]. Core Insights - The "14th Five-Year Plan" emphasizes the development of hydrogen energy and nuclear fusion as new economic growth points, alongside other advanced technologies [1]. - The clean energy transition is crucial for achieving carbon neutrality, with hydrogen and nuclear fusion playing complementary roles in decarbonizing the energy sector [2]. - Recent policy support for hydrogen energy, including funding for green methanol projects, indicates a strong governmental push towards the hydrogen sector [3]. - China's nuclear fusion sector is experiencing rapid advancements, with multiple projects progressing simultaneously, suggesting a promising future for controlled nuclear fusion [4]. Summary by Sections Hydrogen Energy Sector - The hydrogen energy industry is expected to benefit from continuous cost reductions driven by technological advancements and supportive policies [3]. - Companies involved in green methanol production and those with advanced gasification technology are highlighted as key investment opportunities [5]. Nuclear Fusion Sector - Companies directly participating in nuclear fusion project construction and those supplying high-value components are identified as potential investment targets [5]. - The report notes significant breakthroughs in nuclear fusion technology in China, indicating a robust growth trajectory for the sector [4].