Core Insights - The global fusion industry has experienced explosive growth over the past five years, with total investment rising from $1.9 billion in 2021 to $9.7 billion, including an increase of $2.6 billion in the last year alone, reflecting mature investor confidence, technological breakthroughs, and rapid supply chain integration [1][2] - The era of controllable nuclear fusion is accelerating, with 2030 seen as a critical period for commercialization, driven by the advantages of abundant raw materials, high efficiency, and safety [2][3] Investment Opportunities - Companies involved in Z-pinch drivers, fusion targets, and deep subcritical fission blankets are recommended for investment, as Z-pinch technology is rapidly developing and its commercialization path is becoming clearer [1][4] - The Z-pinch technology is expected to significantly boost investments in key areas such as drivers, fusion targets, and deep subcritical fission blankets, with a focus on critical technologies like high-yield fusion target design and large current driver design [4][5] Technological Developments - Inertial confinement technology, particularly Z-pinch technology, is gaining recognition for its safety, economic viability, durability, and environmental friendliness, with significant advancements being made [3][4] - The U.S. Lawrence Livermore National Laboratory achieved a historic milestone by producing 3.15 megajoules of fusion energy output, surpassing the fusion ignition threshold, marking a significant step towards the fusion energy era [3] Future Projections - The development of Z-pinch technology is expected to progress through three phases: critical technology breakthroughs (2024-2030), engineering demonstration (2031-2040), and commercial power generation (post-2040), with specific milestones set for each phase [5]

Core Insights - The controlled nuclear fusion industry is experiencing explosive growth, with total investment rising from $1.9 billion in 2021 to $9.7 billion in 2025, reflecting increased investor confidence and technological breakthroughs [1][2] - The 2030s are viewed as a critical period for the commercialization of fusion energy, with significant advancements expected in the coming years [1] Investment Trends - The report highlights a substantial increase in investment in the fusion sector, with an additional $2.6 billion added in the last year alone [1] - The emergence of inertial confinement technology, particularly Z-pinch technology, is gaining attention due to its safety, economic viability, and environmental friendliness [2] Technological Developments - Z-pinch technology is becoming a prominent alternative to magnetic confinement, with notable projects like the Z machine at Sandia National Laboratories and China's Juluo-1 utilizing this approach [2] - Recent experiments have achieved a significant milestone by producing a net energy gain, marking a historic achievement in inertial fusion energy [2] Future Projections - The commercialization of Z-pinch technology is expected to unfold in three phases: key technology breakthroughs (2024-2030), engineering demonstration (2031-2040), and commercial power generation (post-2040) [3][4] - Investment opportunities are anticipated in sectors related to Z-pinch drivers, fusion targets, and subcritical fission blanket technologies, with specific companies identified for potential growth [4]