电力设备行业周报：华为发布会再谈数据中心能源，宁德时代成为全球首个24/7光储项目BESS供应商

Investment Rating - The industry investment rating is maintained as "Recommended" [1] Core Insights - The report highlights the robust demand for power equipment driven by the growth in data centers and renewable energy projects, particularly in high-voltage and distribution networks [5][6] - The report emphasizes the importance of new technologies in solar energy, lithium batteries, wind energy, and hydrogen energy, suggesting structural opportunities for investment [5][6] - The anticipated increase in investment from the State Grid and Southern Grid is expected to exceed historical highs, indicating a strong outlook for the power equipment sector [16][17] Summary by Sections Industry Overview - The report discusses the ongoing trends in the power equipment industry, particularly the impact of AI and data centers on power supply systems, which are expected to drive demand for various power equipment [5] - The report notes that the first 24/7 solar storage project has been awarded to CATL, marking a significant milestone in the renewable energy sector [5] Sub-Sector Analysis - Solar Energy: The report indicates that while companies are facing pressure due to declining prices, there is potential for recovery in 2025 as supply and demand balance out [6][7] - Lithium Batteries: The report highlights the expected surge in demand for AI glasses, which will drive growth in the consumer battery sector [9][10] - Wind Energy: The report notes significant progress in offshore wind projects in Liaoning Province, with expectations for a new installation peak in 2025 [11][13] - Power Grid: The report outlines the record investment plans for the State Grid and Southern Grid, with a focus on optimizing the main grid and enhancing distribution networks [16][17] Investment Recommendations - The report recommends focusing on leading companies in the solar, lithium battery, and wind energy sectors, as well as those involved in high-voltage and distribution equipment [8][19] - Specific companies highlighted include CATL, Longi Green Energy, and various firms involved in offshore wind projects [3][14][19]