Lates News

Open Source Securities pointed out that the controllable nuclear fusion technology route, including magnetic confinement, Z-pinch, FRC, and other technology routes, are all experiencing important changes. Currently, the global operation/under construction nuclear fusion projects are mainly led by public funds and mostly use the magnetic confinement technology route; planned nuclear fusion projects are mainly led by private capital and the technology routes are becoming more diversified. The global fusion competition has begun, with frequent financing activities by fusion companies around the world and prominent US technology giants such as Google, Amazon, and Microsoft actively investing in fusion companies. Referring to the annual construction pace of 10GW-level nuclear fission reactors in China, if nuclear fusion power stations can be successfully commercialized, the annual investment amount in the future under the scenario of mass construction may reach tens of billions of yuan. Technological progress and capital investment are jointly driving the industry into a rapid incubation stage, and it is recommended to pay attention to the investment opportunities in the upstream equipment, materials, and other sectors brought about by the accelerated capital expenditures of fusion projects.