电力设备行业周报：储能进入长周期高景气时代,产业链进入供需错配-20260321

Investment Rating - The report maintains an overall "Recommended" rating for the electric power equipment sector, indicating positive fundamental changes and potential catalysts across various industries within the sector [9]. Core Insights - The energy storage sector is entering a long-cycle high prosperity era, with supply-demand mismatches emerging in the industry chain [3]. - The report highlights significant growth in domestic energy storage battery production, which increased by 84% in January-February 2026, driven by the green energy transition [7]. - The report emphasizes the importance of offshore wind power in the UK, with the government exempting 33 offshore wind component tariffs to boost local manufacturing and supply chain development [6]. - The lithium battery sector is experiencing tightening supply for high-end separators, with a notable increase in demand for 5μm separators expected to exceed 50% in application by 2026 [7]. Summary by Sections Recent Performance - The electric power equipment sector has shown a performance increase of 51.3% over the past 12 months, significantly outperforming the Shanghai and Shenzhen 300 index, which only increased by 14.9% [4]. Key Events and Developments - Blue Origin's application for 51,600 computing satellites and Tesla's accelerated solar capacity construction are expected to drive demand for photovoltaic equipment [5]. - The UK government’s tariff exemptions for offshore wind components reflect a commitment to enhancing local supply chains and increasing offshore wind capacity [6]. - The geopolitical situation in the Middle East is raising the importance of energy security, which is likely to boost wind power demand in Europe [7]. Sector-Specific Recommendations - For solar energy, companies such as JinkoSolar and LONGi Green Energy are recommended due to their strong positions in the supply chain [5]. - In the wind power sector, companies like Goldwind and Mingyang Smart Energy are highlighted for their potential growth opportunities [6]. - The report suggests focusing on energy storage companies like Sungrow Power Supply and Hithium, which are well-positioned to benefit from the increasing demand for storage solutions [7]. - In the lithium battery supply chain, companies such as Enjie and BTR New Energy are recommended due to their leading positions in separator production [7].