电改系列：我国首部能源法问世，安全和低碳成为主基调

Investment Rating - The industry investment rating is "Buy" [3]. Core Insights - The report highlights the approval of the "Energy Law" in China, which will take effect on January 1, 2025, emphasizing safety and low-carbon development in the energy sector. This law is a comprehensive framework that will unify existing energy regulations and promote renewable energy development, grid construction, user-side potential, and energy storage [1][2]. - The report suggests investment opportunities in wind and solar energy, electric grid companies, user-side energy management, and energy storage solutions, recommending specific companies in each category [1]. Summary by Sections Energy Law Overview - The "Energy Law" is a foundational legal framework for China's energy sector, developed over 19 years, and will integrate existing laws related to coal, electricity, oil, and renewable energy [1]. - The law includes nine chapters addressing energy planning, development, market, reserves, and technological innovation, with a focus on accelerating renewable energy and grid infrastructure [1]. Investment Recommendations - For wind and solar energy, companies to watch include Risen Energy, LONGi Green Energy, and JinkoSolar [1]. - In the electric grid sector, recommended companies are Sifang Electric, XJ Electric, and Pinggao Electric [1]. - For user-side energy management, focus on Fuling Electric and Nanfang Energy [1]. - In energy storage, suggested companies include Sungrow Power Supply and Aier Environmental Protection [1].