Di Yi Cai Jing·2025-11-12 00:14Core Viewpoint - The electric power equipment and renewable energy industry is at the beginning of a new cycle, driven by demand exceeding expectations after three years of capacity digestion, with significant changes expected during the "14th Five-Year Plan" period [1] Group 1: Industry Trends - The global new installed capacity of renewable energy is expected to increase significantly, leading to revolutionary changes in the power system [1] - A high proportion of wind and solar energy integration will create massive demand for energy storage and capacity [1] - Global power grids, especially in Europe and the United States, will continue to increase investment to adapt to the carbon neutrality process [1] Group 2: Economic Implications - The costs associated with regulation and grid transformation will further drive up electricity prices, opening up long-term demand space for energy storage in households and businesses [1] - AI is expected to accelerate the growth rate of global electricity consumption, increasing the importance of low-carbon, high-density power sources such as offshore wind, solid oxide fuel cells (SOFC), nuclear power, and gas turbines [1] - The power supply model for data centers is shifting towards higher voltage systems, reflecting the changing landscape of energy consumption [1] Group 3: Future Outlook - The fundamental changes in the industry are anticipated to begin materializing by 2026 [1]