Fusion energy is the “Holy Grail” of energy, and the first country to successfully deploy fusion energy on a large scale will upend the world's economic order.

In less than two decades, China's nuclear power industry has gone from functionally zero to at least fifteen years ahead of the United States by most measures. China now leads the world in research and in the number and types of reactors currently under construction. The dominance of the Chinese supply chain also means that almost all components and parts are sourced domestically.

Last month, a Shanghai company announced a successful test of their newest fusion reactor, making plasma for the first time. Their reactor is much smaller than Western types, and can be built in less than four years, instead of 30 years, and for only 5% of the cost of European or American designs.

China's national plans call for the rollout of prototype fusion reactors by 2035, and installations across the economy by 2050. If China meets these targets, while the United States and Europe are still catching up, the industrial and economic benefits for China are irreversible. and permanent.

Sources and links:

Energy technology, US lags 15 years behind China in nuclear energy – report
https://www.power-technology.com/news/the-us-is-15-years-behind-china-in-nulcear-energy/

How innovative is China in nuclear energy?
https://itif.org/publications/2024/06/17/how-innovative-is-china-in-nuclear-power/

SCMP, How China's Massive Industrial Supply Chain Could Lead to 'Artificial Sun' via Nuclear Fusion
https://www.scmp.com/news/china/science/article/3269357/how-chinas-massive-industrial-supply-chain-may-help-give-rise-artificial-sun

Company website, Energy Singularity
https://www.energysingularity.cn/en/technology/

The Chinese energy singularity produces the first net energy-positive fusion reaction
https://www.intellinews.com/china-s-energy-singularity-produces-first-net-energy-positive-fusion-reaction-331181/

Oil price, China just gained a pioneering advantage in nuclear fusion
https://oilprice.com/Alternative-Energy/Nuclear-Power/China-Has-Just-Gained-First-Mover-Advantage-In-Nuclear-Fusion.html

Investopedia, First Mover Advantage
https://www.investopedia.com/terms/f/firstmover.asp

Final scene, The Bund, Shanghai

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