According to the CITIC Construction Investment Research Report, the investment logic of the controlled nuclear fusion industry is shifting from a faraway “ultimate energy” theme narrative to investing in industry trends driven by engineering implementation. Its core driving force stems from explosive expectations on the demand side and technological breakthroughs on the supply side. The long-term power supply gap conflict brought about by the booming development of the artificial intelligence and big data industry is becoming more and more prominent. The application of high-temperature superconductivity and AI technology in the field of nuclear fusion has greatly reduced the cost of fusion device construction and accelerated device iteration. Together, it has spawned huge capital expenses for test reactors and demonstration reactors, and brought definitive order volume to upstream materials and midstream equipment companies in the industrial chain. Until fusion energy “emits the first kilowatt of electricity,” midstream and upstream enterprises that provide core materials, key equipment and systems for test reactors and demonstration reactors will take the lead and continue to benefit, sharing the huge growth dividends of the industry from 0 to 1. It is recommended to lay out core suppliers of fusion devices in various regions, as well as key links with high value in various types of fusion devices.

According to the CITIC Construction Investment Research Report, the investment logic of the controlled nuclear fusion industry is shifting from a faraway “ultimate energy” theme narrative to investing in industry trends driven by engineering implementation. Its core driving force stems from explosive expectations on the demand side and technological breakthroughs on the supply side. The long-term power supply gap conflict brought about by the booming development of the artificial intelligence and big data industry is becoming more and more prominent. The application of high-temperature superconductivity and AI technology in the field of nuclear fusion has greatly reduced the cost of fusion device construction and accelerated device iteration. Together, it has spawned huge capital expenses for test reactors and demonstration reactors, and brought definitive order volume to upstream materials and midstream equipment companies in the industrial chain. Until fusion energy “emits the first kilowatt of electricity,” midstream and upstream enterprises that provide core materials, key equipment and systems for test reactors and demonstration reactors will take the lead and continue to benefit, sharing the huge growth dividends of the industry from 0 to 1. It is recommended to lay out core suppliers of fusion devices in various regions, as well as key links with high value in various types of fusion devices.