On September 25th, Zhongzhou Special Materials (300963) surged 10.09%, while Shanghai Electric (601727) and Hefei Forging Intelligent (603011) both gained 10%. Sichuan Injet Electric Co.,Ltd. (300820.SZ), Jiusheng Electric Co.,Ltd. (301082.SZ), and Suzhou Hailu Heavy Industry Co.,Ltd. (002255.SZ) also posted gains.
**National Fusion Team Debuts, Concept Stocks Rally Collectively**
At the 25th China International Industry Fair currently being held in Shanghai, China Fusion Energy Co., Ltd. (hereinafter referred to as China Fusion Company) made its first public appearance. The company, with a registered capital of 15 billion yuan and officially established just over two months ago, showcased its technical roadmap and business layout.
China Fusion Company is regarded as the "national team" in the controllable nuclear fusion field, shouldering significant responsibilities. In terms of equity structure, China National Nuclear Corporation is the controlling shareholder of China Fusion Company, with other shareholders including China Petroleum Group Kunlun Capital Co., Ltd., China National Nuclear Power Co.,Ltd. (601985.SH), and Zhejiang Zheneng Electric Power Co.,Ltd. (600023.SH).
At this conference, China Fusion Company announced its target of commercial fusion energy by 2050, with coordinated R&D efforts in Shanghai and Chengdu. This directly stimulated market sentiment, accelerating the development of controllable nuclear fusion and driving related concept stocks higher collectively.
Guojin Securities previously stated that the controllable nuclear fusion industry is expected to enter an accelerated capital expenditure cycle during the "15th Five-Year Plan" period, with orders for related component sectors expected to be continuously released, presenting potential investment opportunities worth attention.
Controllable nuclear fusion refers to a sustainable nuclear fusion reaction. Compared to traditional nuclear fission, nuclear fusion not only has higher energy density but also produces no long-lived radioactive waste, offering greater safety and environmental friendliness. It is considered humanity's ideal ultimate energy source. Since its reaction speed and scale can be controlled at any time, it is also called an "artificial sun."
Due to these advantages, both domestic and international players highly value the controllable nuclear fusion field. In recent years, capital has rushed into the sector, accelerating technological progress and iteration, significantly speeding up the global industrialization progress of controllable nuclear fusion.
**AI's End Point is Energy, Energy's End Point is Nuclear Fusion**
Notably, driving this energy revolution forward are not only national forces but also urgent demands from another technological frontier—artificial intelligence. Experts suggest that AI's end point is energy, and energy's end point is nuclear fusion.
Professor Sun Xuan from the School of Nuclear Science and Technology at the University of Science and Technology of China, founder and chairman of Stellar Fusion, pointed out that the rise of artificial intelligence is exponentially increasing global energy consumption, and the answer to solving this ultimate demand is nuclear fusion.
Sun Xuan also cited data showing that AI currently consumes 1.5% of Earth's electricity. If we compare AI to Earth's brain, the human brain consumes 20% of the body's energy, leading some to predict that AI's electricity consumption will also account for more than 20% of Earth's total.
This judgment is being validated by tech giants' real investments: in recent years, AI giants including NVIDIA, Google, and OpenAI have all entered the nuclear fusion field.
In late August, U.S. nuclear fusion energy startup Commonwealth Fusion Systems (CFS) announced it had secured $863 million in latest funding, with investors including AI giant NVIDIA (NVDA.US) and Google's parent company Alphabet.
On September 22nd local time, Italian energy giant Eni announced that the company had signed a power purchase agreement worth over $1 billion with U.S. nuclear fusion energy startup CFS. Both parties hope that by the early 2030s, CFS's world's first commercial nuclear fusion power plant being built in Virginia will be officially connected to the grid.
The Virginia region is home to the world's largest data center cluster, with extremely strong electricity demand. AI giants are betting on nuclear fusion because the ultimate bottleneck for computing power is energy.
Although there is high enthusiasm for controllable nuclear fusion technology both domestically and internationally, objectively speaking, achieving controlled and stable operation of nuclear fusion reactions has always been a huge challenge facing the scientific community. Some views point out that controllable nuclear fusion is still in its early development stage with significant uncertainties ahead.
Regarding this, CFS CEO and co-founder Bob Mumgaard admitted, "We're not saying that fusion power generation is technically without obstacles. But now the core question has shifted from 'Is this possible?' to 'When, how, and where will it be realized?'"
Comments