隆基此次入场，意味着其正式开启光储融合。相较于自建团队进行布局，收购的优势在于快速获取成熟资源、降低市场进入风险，而且可以很快通过产品 来验证竞争力，有利于后期的调整和提高。 由此，光伏组件头部厂商均完成在储能赛道的战略卡位。 01▶ 收购进场 每经记者｜张文瑜 每经编辑｜贺娟娟 作为行业龙头，隆基绿能对储能布局一度持审慎态度，然而今年以来，这一态度出现明显转变。 这家全球光伏制造巨头，终于还是出手储能了。 据陕西省市场监督管理局日前的一份公开文件，隆基绿能（601012）拟通过收购股权、增资及表决权委托等一系列安排，取得苏州精控能源科技股份有限 公司（简称"精控能源"）约62%的表决权，从而实现对后者的单独控制。 精控能源作为一家"潜在独角兽企业"，在动力电源、智慧储能与氢燃料电池三大系统领域均有布局，业务网络已覆盖中国大陆、欧洲、北美、澳洲等多个 市场。 早在9月，即有消息称隆基绿能参股精控能源，被视为其切入储能赛道的关键动作。 11月10日的投资者问答中，隆基进一步回应称，光伏行业经过多年的发展，我国光伏装机规模呈现快速增长趋势。当前国内电网消纳已成为重点需要解决 的问题，光伏与储能相结合将成为解决光伏 ...

Core Insights - The article emphasizes the importance of transitioning to a resilient zero-carbon energy system, highlighting that relying solely on clean electricity is insufficient for achieving this goal [1][2][3] Group 1: Renewable Energy Transition - The cost of photovoltaic (PV) power generation has decreased by over 90% in the past decade, making it the most economical power source in most regions [1] - The global energy system is facing a "triple dilemma" of ensuring energy security while balancing energy equity and environmental sustainability [2] - Clean energy is projected to become the largest energy source globally by the mid-2030s under net-zero scenarios, with renewable energy growing at an annual rate of 3% [3] Group 2: Technological Foundations - The vision for a sustainable energy future relies on three technological pillars: PV, energy storage, and hydrogen [4] - Energy storage systems are crucial for providing 24/7 renewable energy supply, with global storage capacity expected to reach 1,100 GWh by 2030 [4] - Green hydrogen is seen as a key solution for deep decarbonization in sectors that are hard to electrify, such as industry and heavy transport [4] Group 3: Strategic Principles - The company proposes six guiding principles for achieving the vision of "Renewable Infinity," including innovation, system integration, and open collaboration [5] - The commitment is to lead the transition to a new energy era that emphasizes sustainability and shared benefits for all [5]

据悉，精控能源主要从事锂离子电池储能系统业务。对于交易总金额等细节，隆基绿能方面暂未透露。 在2025年第三季度业绩说明会上，隆基绿能董事长钟宝申曾谈及是否布局储能业务相关话题。他对与会 投资机构表示，当前国内电网消纳已成为重点需要解决的问题，光伏与储能相结合将成为解决光伏间歇 性问题的有效方式，他们正在积极评估光伏与储能业务结合的可行性。 中化新网讯 11月13日，陕西省市场监督管理局发布的《经营者集中简易案件公示表》显示，隆基绿能 与苏州精控能源科技股份有限公司(以下简称精控能源)等签署协议。 根据交易协议，隆基绿能拟通过收购股权、增资入股、表决权委托的形式取得精控能源约61.9998%的 表决权。交易前，自然人合计控制精控能源44.79%股权对应的表决权，单独控制精控能源。交易后， 隆基绿能将持有精控能源61.9998%的表决权，并单独控制精控能源。 ...

Core Insights - Trina Solar has recently announced significant overseas energy storage contracts, totaling 2.66 GWh, indicating a strong entry into the energy storage market by major photovoltaic manufacturers [1] - Longi Green Energy's acquisition of the energy storage company Jingkong Energy marks a pivotal moment as the top photovoltaic manufacturers collectively enter the energy storage sector [1][3] - The energy storage market is becoming increasingly competitive, with different strategies being adopted by various companies, highlighting a shift from traditional photovoltaic manufacturing to integrated energy solutions [7] Company Strategies - Longi Green Energy has been hesitant about entering the energy storage market but has now taken a significant step by acquiring Jingkong Energy, which will enhance its capabilities in the energy storage sector [3][6] - Canadian Solar has been proactive in the energy storage market, achieving 4.5 billion yuan in revenue from energy storage in the first half of the year, accounting for 21.04% of its total revenue, with a gross margin of 31.42% [4] - Trina Solar aims to become a leader in the energy storage industry, with plans to achieve over 100 billion yuan in sales within the next 5-8 years, and has already established significant production capacity [5] Market Dynamics - The energy storage industry is experiencing intense competition, with companies focusing on technology, production capacity, and market channels [6][7] - Longi Green Energy's late entry into the energy storage market has led it to pursue acquisitions as a more cost-effective strategy compared to building its own production capacity [6] - The collective shift of photovoltaic companies into the energy storage market is driven by the need to address the intermittency of solar power generation and to enhance profitability through integrated energy solutions [7]

证券时报·数据宝统计显示，隆基绿能今日收盘价为21.15元，下跌2.49%，日换手率为2.29%，成交额为 36.94亿元，全天主力资金净流出3.45亿元，近5日该股累计下跌5.75%，近5日资金合计净流出24.46亿 元。 两融数据显示，该股最新融资余额为55.18亿元，近5日增加1.46亿元，增幅为2.72%。 隆基绿能11月18日大宗交易平台出现一笔成交，成交量40.00万股，成交金额846.00万元，大宗交易成交 价为21.15元。该笔交易的买方营业部为申万宏源证券有限公司证券投资总部，卖方营业部为国联民生 证券股份有限公司总部。 进一步统计，近3个月内该股累计发生13笔大宗交易，合计成交金额为1.00亿元。 机构评级来看，近5日共有1家机构给予该股评级，预计目标价最高的是国泰海通证券，11月12日国泰海 通证券发布的研报预计公司目标价为26.00元。（数据宝） 11月18日隆基绿能大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元 ...

Core Insights - The photovoltaic industry is experiencing significant price declines due to excessive competition, leading to a focus on "anti-involution" as a key theme for 2023 [1][5][6] - The energy storage sector is showing signs of recovery, partly driven by falling prices in the photovoltaic supply chain, although some industry players remain cautious about market conditions [3][4][10] Industry Overview - The "2025 8th China International Photovoltaic and Energy Storage Industry Conference" highlighted the need for companies to maintain a broader perspective while competing, ensuring the overall health of the industry ecosystem [3][6] - The photovoltaic industry is currently facing a supply-demand imbalance, with prices for polysilicon, silicon wafers, batteries, and modules dropping approximately 10%, 20%, 15%, and 2% respectively since the beginning of the year [5][12] Company Strategies - Companies are focusing on cost reduction and efficiency improvements while also increasing innovation to survive in a challenging market [4][11] - The production capacity of major companies, such as Meike Co., is currently at 60 GW, primarily in the silicon wafer sector, indicating a supply surplus [4] Market Dynamics - The energy storage market is experiencing high demand, particularly for lithium iron phosphate batteries, driven by changes in clean energy integration costs [10][11] - The anticipated growth in energy storage installations is significant, with projections indicating that by the end of 2024, new energy storage installations will reach 73.76 million kW, accounting for over 40% of global installations [11] Technological Advancements - New technologies in photovoltaic cells, such as perovskite and various combinations of existing technologies, are being explored, with the next five years seen as critical for assessing their viability [9][12] - The industry is urged to focus on core technology independence to enhance competitiveness and ensure sustainable growth [12][13] Future Outlook - The photovoltaic industry is expected to evolve towards a more integrated energy system, combining generation, storage, and consumption, particularly in regions with high renewable energy output [15] - The establishment of a fair and efficient market mechanism for energy resources is deemed essential for the sustainable development of the industry [13][15]

| 交易日期 | 证券简称 | 证券代码 ----- | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | 美出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | | 025-11-18 | 隆基绿能 | 601012 | 21.15 846 846 40 | 患否查要话参复盟 | 霜聚焦焦烫酸酸 | ya | 11月18日，隆基绿能大宗交易成交40万股，成交额846万元，占当日总成交额的0.23%，成交价21.15 元，较市场收盘价21.15元持平。 ...

智通财经APP获悉，中邮证券发布研报称，光伏产业存在供需预期差，供给的"反内卷"行动持续推进， 另一方面，中国于2025年11月3日正式提交2035年国家自主贡献，中国是能源转型的行动派，该行预计 国内的相关配套措施会密集发布，大基地的消纳有望加速解决，因此该行认为需求的改善有望提前到 来。建议关注一体化组件，隆基绿能(601012.SH)、晶科能源(688223.SH)等。 报告中称，2025年1-9月，光伏行业累计新增装机规模240.3GW，同比+49.3%，消纳率95%。2025年4-5 月受136号文531截止带来的抢装潮，9月装机9.7GW，同比-53.8%。随着机制电价模式的逐步适应和优 化，该行预计2025年全年光伏装机有望达到300GW。风光发电量占比持续提升，全年看有望超过20%。 供给端的"反内卷"政策持续推动，叠加中国提交NDC3.0，该行预计国内的相关配套措施会密集发布， 大基地的消纳有望加速解决，基于此，该行认为2026年整体需求有支撑，整体的预期差加大。 ...

11月10日，《自然》在线刊发隆基绿能联合苏州大学、西安交通大学等研究团队在硅基叠层电池研究方 向的进展。团队研发的超薄晶硅-钙钛矿叠层电池，经美国国家可再生能源实验室（NREL）认证，小面 积器件效率达33.4%；经德国弗劳恩霍夫太阳能研究所认证，商业尺寸硅片级柔性叠层电池效率达 29.8%。这是全球光伏领域首个经权威机构认证的柔性晶硅-钙钛矿叠层电池效率世界纪录。 近日，隆基绿能等在学术期刊《自然》上发表了两项研究成果，展示了我国光伏行业在前沿技术领域取 得的新进展。 创纪录效率的柔性叠层电池 11月13日，《自然》在线刊发隆基绿能联合中山大学、兰州大学团队研发的非晶-多晶杂化背接触结构 （HIBC）电池研究成果。背接触结构太阳电池通过将N型、P型接触区域及电极全部置于电池背面，最 大限度地减少正面的遮光损失。团队在隆基绿能自研的工业级泰睿硅片上实现了27.81%的认证效率、 87.55%的填充因子，两项指标均创造了新世界纪录。值得注意的是，杂化背接触结构是由我国团队首 创且经过验证的全新高效电池技术，具有完备的自主知识产权。团队开发的激光诱导局域晶化技术、原 位边缘钝化技术等均具备与现有生产线兼容的优势 ...

Group 1 - The three major indices showed mixed performance, with the Shanghai Composite Index down 0.21%, the Shenzhen Component Index up 0.15%, and the ChiNext Index up 0.29% [1] - The CSI Photovoltaic Industry Index (931151.CSI) decreased by 0.3%, while key stocks such as Kstar, Junda, JinkoSolar, Roborock, and Trina Solar saw increases of over 3% [1] - The Photovoltaic 50 ETF (516880) experienced a decline of 0.46%, but recorded a net inflow of 27.81 million yuan on the previous trading day, marking five consecutive days of net inflows totaling 159 million yuan [1] Group 2 - Tongwei's Chairman Liu Hanyuan emphasized the need for the photovoltaic industry to combat excessive competition and promote self-discipline, suggesting the establishment of a platform company to manage silicon material capacity [1] - The recent self-regulatory measures in the photovoltaic industry aim to prevent over-competition, with a focus on "silicon material storage" to address dynamic demand changes [1] - According to a recent report from Zhongtai Securities, the ongoing "anti-involution" efforts in the photovoltaic sector are releasing positive signals, indicating an upward reversal in the industry's fundamentals [2]