Global Sustainability "Fusion: new developments and a recap" Dudchak

Research evidence excerpt

Global Sustainability "Fusion: new developments and a recap" Dudchak

Global Research

10 July 2026ab

Global Sustainability Equities

GlobalFusion: new developments and a recap

Global Sustainability

Alisa Dudchak

UBS China Utilities team recently published Q-Series "Nuclear fusion: From science Analyst

alisa.dudchak@ubs.com

to investable theme". The report explores momentum behind fusion energy

+44-20-7567 0844

and the tightening global supply chain as an investment opportunity. Join

our call with Ken Liu to find out more about key report conclusions (register here). Ken Liu

Analyst

ken.liu@ubs.com

In this note we summarize key takeaways from our meetings with fusion industry +852-2971 7516

leaders earlier this year (see notes here and here) and recent policy and funding updates.

Victoria Kalb

What is fusion? vicki.kalb@ubs.com

Powering the Sun and other stars, fusion is the process of two light atoms merging at +65-6495 4584

extremely high temperatures to form one heavier atom, thus releasing energy. Charles Fruitiere

Though yet to be proven commercially, fusion could "provide clean, cost-efficient, and Analyst

safe energy". Fusion is now progressing from a science concept towards becoming charles.fruitiere@ubs.com

more of an engineering, manufacturing, technology and financing challenge. +44-20-7567 4123

Shneur Z. Gershuni, CFA

Key tailwinds for fusion: Analyst

shneur.gershuni@ubs.com

Geopolitical considerations (who gets there first?) are driving government support +1-212-713 3974

and activity, e.g. in the US, UK, Germany, Japan and recent developments in China. Leigha Miyata

Demand for power (especially clean, "abundant" and baseload), with AI as an Analyst

leigha.miyata@ubs.com

important driver (e.g. Google signed a power purchase agreement with CFS and