电新公用环保行业周报：《能源法》将有效保障能源安全，促进经济社会低碳转型

Investment Rating - The report maintains a "Buy" rating for the power equipment and new energy sector [4]. Core Viewpoints - The newly passed Energy Law in China is expected to effectively promote high-quality energy development, ensure national energy security, and facilitate the green and low-carbon transformation of the economy [4]. - The report highlights the importance of focusing on domestic and non-U.S. business operations in light of the recent U.S. election results, which may negatively impact global new energy development [4]. - The report emphasizes the potential for price increases in the photovoltaic sector due to policy expectations and market supply-demand dynamics, particularly in the silicon material and BC battery segments [4]. - The wind power sector shows increasing certainty in offshore wind projects, while onshore wind projects are expected to see higher bidding activity in 2024, with a focus on large MW turbine components [4]. Summary by Sections Power Equipment and New Energy - The Energy Law will set new regulations for energy development, consumption, and market mechanisms, adapting to new energy development trends [4]. - The report suggests monitoring the second wave of photovoltaic market trends, particularly in silicon materials and battery segments [4]. Lithium Battery Sector - The lithium carbonate price has shown a slight rebound, driven by demand from domestic battery manufacturers preparing for year-end stockpiling [13]. - The report indicates that the phosphoric iron lithium market remains stable, while the price of ternary materials has seen slight increases due to the rebound in lithium carbonate prices [13]. Power Grid and Storage - The report anticipates a high investment climate for the power grid sector under counter-cyclical adjustment policies, making it a valuable investment area [4]. - The global energy storage market remains strong, with companies focusing on non-U.S. operations still holding significant investment value [4]. Utility Sector - The report provides updates on coal prices, indicating a slight decrease in domestic coal prices and stability in imported coal prices [7]. - The report includes data on the current electricity market prices, reflecting trends in the utility sector [8]. Bidding and Project Updates - The report lists several key bidding projects in the energy storage sector, highlighting significant capacities and types of projects being developed [21][25].