公用事业周报：漳州1号投产，CCUS市场化&商业化提速，垃圾焚烧下半场之提标改造

Investment Rating - The report maintains an "Outperform" rating for the utility sector [4]. Core Insights - The report highlights the successful grid connection of the Zhangzhou Nuclear Power Unit 1, marking a significant milestone in the construction of third-generation nuclear power units in China, with a total of nearly 4GW expected to be commissioned in 2024 [19][20]. - The establishment of the CCUS (Carbon Capture, Utilization, and Storage) Innovation Alliance by central enterprises is expected to accelerate the marketization and commercialization of CCUS technologies, which are crucial for achieving carbon neutrality goals [24][25]. - The waste incineration power generation industry is transitioning towards higher standards and efficiency improvements, focusing on enhancing energy conversion rates and reducing carbon emissions through advanced technologies [30][31]. Summary by Sections Market Review - From November 25 to November 29, the environmental protection sector rose by 2.40%, while the electricity sector fell by 0.58%, against a backdrop of a 1.32% increase in the CSI 300 index [11]. Industry Perspectives - Zhangzhou Nuclear Power Unit 1 Commissioning: The unit's successful connection to the grid is a key development in the batch construction of the "Hualong One" nuclear technology, with expectations for three additional units to be commissioned in 2024 [19][20]. - CCUS Innovation Alliance Launch: The alliance aims to enhance collaboration among major carbon-emitting industries to promote the large-scale application of CCUS technologies [24][25]. - Waste Incineration Upgrades: The industry is focusing on improving energy efficiency and reducing carbon emissions, with a shift towards high-parameter steam and waste heat utilization technologies [30][31]. Investment Recommendations - The report suggests focusing on various sectors within utilities, including nuclear power, where China National Nuclear Corporation is recommended, and waste management companies like Yongxing Co., Sanfeng Environment, and Huanlan Environment [2][3].