在经历长达15年的持续下滑后，欧洲的电力需求正迎来一个关键的结构性拐点。 据追风交易台消息，高盛分析师Alberto Gandolfi、Ajay Patel等最新发布的报告显示，欧洲电力系统正 面临严峻考验，慢性投资不足、电力需求拐点显现以及电力系统复杂性不断上升，使得欧洲面临电力危 机的风险日益加剧。 在2008年至2024年间电力需求累计下降约7%后，高盛预计，从2026年起，欧洲电力需求年增长率或将 达到1.5%至2%。这一需求的复苏主要由交通、家庭和制造业的广泛电气化、数据中心的快速扩张以及 空调普及率上升等因素驱动。 为应对需求增长并防范潜在危机，欧洲电力系统未来十年或需高达3万亿欧元的投资，这一规模几乎是 过去十年投资水平的两倍。报告警告，若投资不足，欧洲电力市场的备用利润率（可用容量与峰值需求 之差）可能在2029年前后降至零，大大增加能源供应安全风险。 高盛认为，这一由需求驱动的投资"超级周期"，将为整个电力产业链带来显著的增长机遇和利润空间。 报告预计，在基准情景下，受益于电气化趋势的领先公司在2025至2030年间的每股收益年复合增长率可 达9%，而在"稀缺情景"下甚至有望达到11%，并可 ...

With E.ON’s ( OTCPK:EONGY ) ( OTCPK:ENAKF ) first-half results now out, we are revisiting the company for an updated commentary. In our previous analysis, we shifted E.ON from a buy to a neutral stance, driven by 1) a shrinkingBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and ...

Product & Technology - D-Wave announced the general availability of its Advantage2 quantum computer, featuring a more advanced quantum processor with increased connectivity, reduced noise, and greater coherence[6] - D-Wave is developing advanced cryogenic packaging, leveraging expertise from NASA JPL, aiming for a 100,000 qubit Advantage3 system[8] - D-Wave released new quantum AI/ML developer tools, including an open-source toolkit, to integrate quantum computers into modern ML architectures[11] Customer & Partnerships - D-Wave has a strong customer base and is a market leader in quantum annealing[5] - D-Wave is engaged in exciting customer engagements for both commercial and research applications, including EON, GE Vernova, Nikon Corporation, NTT Data Corp, NTT DOCOMO, Sharp Corporation, and The University of Oxford[16, 17] - D-Wave established a strategic relationship with Yonsei University and Incheon Metropolitan City to promote quantum computing in South Korea, including a potential Advantage2 system acquisition[13, 14] Financials - D-Wave completed a $400 million At-the-Market equity offering[19] - D-Wave's cash balance as of June 30, 2025, was approximately $8193 million[20] - D-Wave's Q2 2025 revenue was $22 million, with a gross profit of $20 million[23] - D-Wave's 1H 2025 revenue was $181 million, with a gross profit of $159 million and a gross margin of 876%[24, 26]

Group 1: Company Overview - Hitachi Energy has announced a new deal worth up to $700 million USD with E.ON to deliver transformers for the German energy grid, aimed at enhancing energy security, resilience, and affordability [1] - The company is executing the largest investment plan in the global transformer industry, with a total of $9 billion USD to scale up manufacturing capacity worldwide [3] - Hitachi Energy employs over 2,000 people across eight locations in Germany, including three key manufacturing sites [3] Group 2: Industry Context - There is a significant global shortage of transformers, which are essential for efficient electricity transmission and distribution [3] - Following recent German elections, energy prices and reliability have become major concerns for voters, with over 70% citing rising living costs as their primary issue [2] - Electricity demand in Germany is projected to increase from 96 TWh in 2024 to 236 TWh by 2035, driven by advancements in AI, data centers, and the electrification of key industries [2] Group 3: Strategic Importance - The agreement with E.ON will allow Hitachi Energy to reserve manufacturing capacity to support the accelerated expansion and modernization of the German power grid [4] - Hitachi Energy's CEO emphasized the need for bold investments and innovations to shape future energy systems, highlighting the company's commitment to delivering critical equipment [5] - The company is recognized as a leader in high-voltage technology, with one in every four high-voltage switchgear units globally being from Hitachi Energy [5][6]

GS Equity Radar What the market is missing on S899 and buying against the grain Something others are missing on S899. The merchandising team hosted a highly attended (1,000+ clients live) webcast with Chief US Political Economist, Alec Phillips, and our strategists (Sharon Bell and Guillaume Jaisson). What surprised us most was the volume of questions on the 50%+ US ownership being exempt in the current form of the bill and the feedback that other commentators were scanning for high US revenues without an o ...

Core Insights - Infosys has announced a strategic collaboration with E.ON to enhance digital transformation and operational efficiency for over 77,000 employees across Europe [1][2][3] - The partnership will leverage Infosys Topaz, an AI-first offering, to modernize operations and foster innovation through a product-centric and automated approach [2][3] - E.ON aims to transition into a fully digital energy company, focusing on sustainability and AI-driven business value [1][3] Company Overview - Infosys is a global leader in next-generation digital services and consulting, with over 300,000 employees operating in more than 56 countries [4] - The company specializes in helping clients navigate digital transformation powered by cloud and AI, emphasizing an AI-first core and continuous improvement through digital skills transfer [4]

证券研究报告 能源/工业 葡西法大范围停电，强化电网升级、 直流电网、黑启动机组必要性 华泰研究 2025 年 4 月 29 日│中国内地 动态点评 南欧部分区域突发大范围停电，波及多个国家 根据 BBC 等媒体报道，2025 年 4 月 28 日当地中午时间，西班牙、葡萄牙 以及法国南部部分地区突发大范围停电，对当地电力、通信、交通产生大面 积影响。停电事故发生原因仍在调查中，业内推测的可能原因包括极端气温、 网络袭击等。此次大停电事故或进一步强化欧洲电网升级投资需求，看好我 国电力设备出海企业投资机会：思源电气，三星医疗等；直流电网故障阻隔 优势或提升，看好国电南瑞，中国西电。其他产业链公司：许继电气，西门 子能源等。 停电后续影响或超预期，关注事态演变 截止 2025 年 4 月 28 日当地时间下午 14：30，法国电网运营商 RTE 表示 受影响地区已恢复供电，而西班牙输电网运营商 Red Electrica 表示恢复供 电需要 6~10 个小时，葡萄牙电力公司 REN 则表示完全恢复供电正常预计 需要一周。根据国网能源研究院复盘，历史上全球的数十次大停电事故中， 由天灾引发的不到 20%，而其他原 ...