电力设备新能源行业碳中和领域动态追踪（一百四十五）：如何看待美国市场后续的光储需求？

Investment Rating - The industry is rated as "Buy" with a maintained outlook for electric power equipment in the new energy sector [5]. Core Insights - The IRA (Inflation Reduction Act) is a significant driver for the development of solar and storage in the U.S. If the IRA is canceled, it could lead to a reduction in annual renewable energy installations from 71 GW to 51 GW by 2033, resulting in a total investment decrease of $350 billion in renewable energy generation over the next decade [3][4]. - The main beneficiaries of IRA subsidies in the solar sector are U.S. renewable project investors and domestic equipment manufacturers, with a 30% investment tax credit available until 2033 [2][3]. - The potential cancellation of IRA subsidies faces considerable resistance due to the recognition of clean energy as a significant economic opportunity by bipartisan state governors and congressional representatives [3][4]. Summary by Sections Section 1: IRA Subsidies - IRA subsidies are crucial for U.S. solar and storage development, with investment tax credits benefiting both project investors and domestic manufacturers [2][3]. - The advanced manufacturing tax credit is essential for promoting domestic manufacturing and poses a relative advantage for Chinese household storage companies if canceled [4]. Section 2: Market Impact - The cancellation of IRA subsidies would likely lead to a significant decline in renewable energy investments and installations, but the overall demand impact is expected to be manageable [4]. - The market has already priced in potential risks regarding U.S. solar and storage demand, indicating a level of preparedness for such changes [4]. Section 3: Investment Recommendations - The report suggests focusing on U.S. solar and storage companies such as Sungrow Power Supply, CATL, Canadian Solar, Sungrow, Shenghong, Kehua Tech, and Tongrun Equipment [4].