电力设备及新能源行业周报：产业周跟踪，从不悲观到乐观，加仓拥抱上涨

Investment Rating - The industry rating is "Outperform the Market" (maintained) [4] Core Insights - The report indicates a shift from pessimism to optimism in the electric power equipment and new energy sector, suggesting an increase in investment [2] Summary by Sections 1. Electric Transportation and Lithium Battery Sector - National and local subsidies are boosting end-user demand, with policies being rolled out to support the market [10] - The lithium battery sector is experiencing a market cleanup, with companies like Santon New Energy filing for bankruptcy and SK ON planning layoffs [11] 2. New Energy Generation Sector 2.1 Photovoltaic Sector - In August, domestic photovoltaic installations grew by 2.9% year-on-year, with a total of 139.99 GW added from January to August, representing a 23.71% increase [16][17] - The report anticipates a decline in the share of distributed generation in new installations for Q3 2024, but overall growth is expected to continue [17] 2.2 Wind Power Sector - The offshore wind sector is seeing significant developments, with projects like the Guangdong Fan Stone and Fujian Putian Bay initiating major tenders [22][23] - In August, wind power installations reached 3.7 GW, marking a 42% year-on-year increase [24] 3. Energy Storage Sector - Companies in the household storage sector are accelerating their overseas commercial layouts, with significant growth in the North American market [27] - BYD is expanding its orders in South America, while companies like Shangneng Electric and Kehua Data are also increasing their presence in North America [28] 4. Power Equipment and Industrial Control Sector - In August, grid investment surged, with a year-on-year increase of over 65% [33] - The approval of the Datong-Tianjin South 1000 kV ultra-high voltage AC project indicates strong demand for ultra-high voltage infrastructure [34] 5. Hydrogen Energy Sector - The report highlights the launch of the world's largest hydrogen storage project and advancements in hydrogen-powered rail transit [41] - Guofu Hydrogen Energy is reapplying for a listing in Hong Kong, indicating confidence in the hydrogen sector's growth potential [42]