巴克莱可持续投资研究团队发布核能复兴系列之核聚变专题报告，指出聚变的首批商业机会正在点火之前出现。基准情形下商业聚变仍需等到2040年代，但采购、资格认证与示范装置建设已开始为供应链企业创造收入。报告认为，高温超导带材与磁体、精密制造、等离子体加热和低温系统等使能技术存在近期机会，因为聚变开发商已开始下单，且技术门槛限制了合格供应商数量；燃料循环、先进材料与激光等机会取决于后续认证、反应堆设计与项目推进。报告强调，兼具聚变业务与传统行业（医疗、国防、工业、半导体、电网）收入的双用途供应商，是通往商业化道路上最具韧性的投资敞口，可在不依赖开发商商业化时间表的情况下参与聚变进展。报告按各使能环节筛选已获得聚变订单或合同、或具备相关能力的上市公司与私营企业，并以变现潜力、产品稀缺性和双用途程度对环节排序，为投资者在商业部署落地前布局聚变价值链提供起点。
Barclays Sustainable Investing Research argues that fusion's first commercial opportunities are emerging before ignition, even though commercial fusion remains a 2040s base case: procurement, qualification and demonstrator construction are already creating supplier revenue today. The report sees near-term opportunities in enabling technologies such as HTS tape and magnets, precision manufacturing, plasma heating and cryogenics, where developers are already placing orders and technical requirements limit the number of qualified suppliers, while fuel-cycle systems, advanced materials and lasers offer emerging but less visible opportunities. It highlights dual-use suppliers that combine fusion exposure with established businesses in healthcare, defence, industrials, semiconductors and grids as the most resilient way to gain exposure without relying on developers' commercialisation timelines. The authors screen public and private companies with disclosed fusion orders or programmes across