国家发展改革委主任郑栅洁介绍，到"十五五"末，新增用电需求绝大部分由新增清洁能源发电量满足。 "进入'十五五'时期，应对气候变化凸显非化石能源消费占比提升的重要性，地缘政治冲突风险进一步 加速能源供应链的重构进程，加快建设新型能源体系成为'必答题'。"华北电力大学国家能源发展战略 研究院执行院长王鹏说。 《建议》提出，持续提高新能源供给比重，推进化石能源安全可靠有序替代，着力构建新型电力系统， 建设能源强国。 中国华电集团有限公司副总工程师李立新表示，加快建设新型能源体系意味着能源结构将发生变 化。"在电源侧，过去作为主力电源的火电将转型为调节性电源，更多依靠新能源供电；在用户侧，能 源消费将更加绿色化低碳化。" 新华社北京10月28日电（记者王悦阳）"十五五"时期，更多绿电有望跨越山海，点亮万家灯火。10月28 日发布的《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》明确提出，"加快建设新 型能源体系"。 新型能源体系以非化石能源为供应主体、化石能源为兜底保障、新型电力系统为关键支撑、绿色智慧节 约为用能导向。加快建设新型能源体系，既能够推动能源绿色低碳转型、支撑实现碳达峰碳中和，也是 保障国家 ...

Core Viewpoint - The forum focuses on "AI Empowering Urban Green Development" and discusses new solutions for achieving carbon peak and carbon neutrality goals [1][3]. Group 1: Government Initiatives - Guangdong Province is leading carbon peak and carbon neutrality efforts, promoting ecological construction and modern industrial systems for green low-carbon development [1]. - Shenzhen is pioneering a dual control system for carbon emissions, advancing energy green low-carbon transformation, and promoting electric vehicles and green building clusters [3]. Group 2: Key Publications and Achievements - The "2025 Shenzhen Green Low-Carbon Development White Paper" showcases actions and achievements in carbon reduction, pollution reduction, green expansion, and economic growth [3]. - The release of carbon footprint certification results and white papers in the Guangdong-Hong Kong-Macao Greater Bay Area marks significant progress in international green trade compliance and regional carbon reduction collaboration [3]. Group 3: Technological Insights - The construction of a new energy system involves developing wind and solar energy, flexible coal power, hydrogen energy, and other energy collaborations [3]. - Key technologies for new energy include deep-sea wind power, carbon capture and storage (CCUS), new grid forms, and digital technologies for supply-demand interaction [3]. Group 4: Urban Carbon Neutrality - Urban carbon emissions are critical for achieving carbon neutrality, necessitating attention to renewable energy use, low-carbon industrial processes, zero-carbon buildings, and green transportation [5]. Group 5: Recognition and Awards - The forum included the awarding of "2025 Urban Green Low-Carbon Scenario Demonstration Base" and "2025 Shenzhen ESG Practice Pioneer Enterprise" to various projects and companies, highlighting successful initiatives in sustainability [5].

Core Viewpoint - Sichuan Province is set to achieve a historic milestone with its hydropower installed capacity exceeding 100 million kilowatts this year, alongside a significant increase in new energy installations, establishing itself as a world-class clean energy base [1][3]. Group 1: Hydropower Development - Sichuan is focusing on the development of hydropower in the "Three Rivers" basin, having completed and put into operation ten large hydropower stations, including Baiketan, Wudongde, and Suwalong [3]. - The installed capacity of new energy has reached 32 million kilowatts, which is five times the level at the beginning of the "14th Five-Year Plan" [3]. Group 2: Natural Gas Production - Sichuan is accelerating the establishment of a national natural gas (shale gas) production base with a capacity of 100 billion cubic meters, having increased its annual natural gas production from 43.2 billion cubic meters to 56.2 billion cubic meters, maintaining its position as the top producer in the country [3]. Group 3: Energy Infrastructure - The province has built a robust energy infrastructure network, including the "Eight Direct and Eleven Interconnected" inter-provincial transmission channels, enhancing its connectivity with various regional power grids [5]. - The completion of the first ultra-high voltage AC project in Southwest China has increased Sichuan's small "West-to-East Power Transmission" capacity to over 37 million kilowatts [5].

李琼慧：党的二十届四中全会明确提出"加快建设新型能源体系，积极稳妥推进和实现碳达峰，加快形 成绿色生产生活方式。"新型能源体系的提法最早是在2022年，党的二十大报告中正式提出规划建设新 型能源体系。2023年，党中央、国务院审议通过《关于加快规划建设新型能源体系的意见》。2024年， 《中华人民共和国能源法》正式发布，为构建新型能源体系和新型电力系统建设提供了法律保障。关于 如何建设新型能源体系，2024年底召开的2025年全国能源工作会议中明确了，2025年能源工作十大重点 第一项重点工作就是"践行能源安全新战略，构建新型能源体系"，包括加快规划建设新型能源体系，坚 持以科技创新为引领、体制改革为动力、安全充裕为前提、经济可行为基础，逐步建立以非化石能源为 供应主体、化石能源为兜底保障、新型电力系统为关键支撑、绿色智慧节约为用能导向的新型能源体 系，推动贯彻落实能源安全新战略取得更大成果。 《21世纪》：如何评价过去五年来尤以新能源为代表的能源发展成就？在推动能源绿色低碳转型过程 中，有哪些代表性的科技创新？ 21世纪经济报道记者雷椰 李德尚玉 北京报道 10月28日，《中共中央关于制定国民经济和社会发展 ...

Core Points - The document outlines the importance of the "15th Five-Year Plan" in achieving socialist modernization, emphasizing the need for continuous efforts and strategic planning [10][11] - It highlights the role of technological innovation in building a modern industrial system and promoting green transformation in economic and social development [13] Group 1: Planning Process - The drafting of the "15th Five-Year Plan" was initiated in February 2023, with a focus on ensuring sustainable economic and social development [4] - The drafting process involved extensive research and consultation, gathering over 1.5 million suggestions from various stakeholders [5][6] Group 2: Key Considerations and Content - The plan aims to address both opportunities and challenges in the current domestic and international landscape, ensuring a solid foundation for future development [8] - It consists of 15 sections, covering major strategic tasks and initiatives across various sectors, including industry, technology, and social welfare [9] Group 3: Major Proposals - The plan emphasizes the importance of high-quality development, with a focus on technological self-reliance and innovation [12][13] - It proposes strengthening domestic economic circulation while enhancing international cooperation and trade [14] Group 4: Social and Economic Goals - The plan sets clear goals for economic growth, including increasing per capita GDP to the level of moderately developed countries by 2035 [11] - It aims to promote common prosperity by improving living standards and reducing regional disparities [15] Group 5: Security and Governance - The plan underscores the need for a comprehensive approach to development and security, enhancing national security capabilities [16] - It stresses the importance of the Party's leadership in guiding economic and social development [17]

Core Viewpoint - The meeting emphasized the importance of implementing the spirit of the Fourth Plenary Session of the 20th Central Committee, highlighting its significance in the context of achieving the main goals of the "14th Five-Year Plan" and advancing towards the "15th Five-Year Plan" [2][3]. Group 1 - The meeting recognized the Fourth Plenary Session as a crucial event during a key period for China's modernization efforts, providing strategic guidance for the next five years and beyond [2][3]. - It was noted that the session's resolutions will have a profound impact on the development of the Party and the country, emphasizing the need for a comprehensive understanding of the historical context and challenges ahead [2][3][4]. Group 2 - The meeting called for a deep understanding of the role of energy in China's modernization, aligning with the goals set for the "15th Five-Year Plan" and the 2035 modernization objectives [4]. - There is a focus on developing a clean, low-carbon, safe, and efficient energy system, with plans to create a robust energy framework and implement significant policies and projects [4][5]. Group 3 - The meeting highlighted the urgency of completing the "14th Five-Year Plan" effectively, with an emphasis on energy security and the transition to green and low-carbon energy [5]. - It was stressed that the outcomes of the learning and implementation efforts should translate into practical results in building a new energy system and advancing energy reforms [5].

（37）促进高质量充分就业。深入实施就业优先战略，健全就业促进机制，构建就业友好型发展方式。加强产业和就业协同，积极培育新职业新岗位，支持企业稳岗扩岗。完善人力资源供需匹配机制，健全终身职业技能培训制度，强化择业和用人观念引导，着力解决结构性就业矛盾。完善就业支持和公共服务体系，稳定和扩大高校毕业生、农民工、退役军人等重点群体就业，推动灵活就业、新就业形态健康发展。加大创业支持力度，增强创业带动就业效应。完善劳动标准体系和劳动关系协商协调机制，加强劳动者权益保障，营造公平有序就业环境。完善就业影响评估和监测预警，综合应对外部环境变化和新技术发展对就业的影响。（38）完善收入分配制度。坚持按劳分配为主体、多种分配方式并存，提高居民收入在国民收入分配中的比重，提高劳动报酬在初次分配中的比重。健全各类要素由市场评价贡献、按贡献决定报酬的初次分配机制，促进多劳者多得、技高者多得、创新者多得。完善劳动者工资决定、合理增长、支付保障机制，推行工资集体协商制度，健全最低工资标准调整机制，加强企业工资分配宏观指导。多渠道增加城乡居民财产性收入。加强税收、社会保障、转移支付等再分配调节。促进和规范公益慈善事业发展。规范收入分配 ...

Investment Rating - The report maintains an "Overweight" rating for the industry [4] Core Insights - The domestic offshore wind sector is expected to reach a delivery peak, with significant progress in the construction of a new energy system during the 14th Five-Year Plan [10][35] - The report highlights the importance of accelerating the green and low-carbon transition in energy, emphasizing the need for a new energy system that relies heavily on clean energy sources [35][37] Summary by Sections Lithium Battery Sector - CATL's Q3 2025 revenue reached 104.19 billion yuan, a year-on-year increase of 12.9%, with a net profit of 16.42 billion yuan, up 35.47% [14] - EVE Energy's Q3 2025 revenue was 16.832 billion yuan, a 35.85% increase year-on-year, with a net profit of 1.211 billion yuan, up 15.13% [15] - Tesla deployed 12.5GWh of energy storage in Q3 2025, achieving a gross margin of 32.21% [16] Energy Storage Sector - The report notes the signing of a large-scale energy storage project in the Philippines, indicating a push into the Southeast Asian market [22] - Various pricing policies for energy storage in different regions, such as Tianjin and Hunan, are highlighted, with storage prices ranging from 0.26 to 0.45 yuan/kWh [27][32] Power Equipment Sector - The report emphasizes the need for a green low-carbon transition in energy, with a focus on developing non-fossil energy sources and enhancing the efficiency of fossil fuel usage [35][36] - Recommendations include focusing on ultra-high voltage projects and potential opportunities in power equipment exports [8] Photovoltaic Sector - The report tracks fluctuations in silicon material prices and the overall stability in the silicon wafer market, with expectations of continued price stability in the short term [41] - The demand for different types of solar panels is noted, with a preference for 210 specifications despite some inventory build-up [41] Wind Power Sector - The report outlines the progress of various offshore wind projects in China, indicating a well-organized construction pace and the anticipation of a delivery peak [10][10] - Key companies benefiting from domestic and international offshore wind demand are identified, including cable manufacturers and turbine producers [10]

Investment Rating - The industry investment rating is "Outperform the Market" [1][17] Core Viewpoints - The report emphasizes the importance of focusing on three main directions: energy storage, hydrogen energy, and solid-state batteries, which are expected to have significant growth potential and market opportunities in the new development phase [4][10][15] - The report highlights that energy storage is a crucial technology for energy transition, with a projected installed capacity of 180 GW by 2027, driving an investment of approximately 250 billion yuan [11] - Hydrogen energy is identified as a "future industry" with substantial growth potential, supported by government policies and expected to contribute significantly to the economy over the next decade [12][13] - Solid-state batteries are recognized as key technologies for emerging industries such as low-altitude economy and humanoid robots, with ongoing advancements in production processes [14] Summary by Sections Section 1: Meeting Spirit Learning - The Fourth Plenary Session of the 20th Central Committee emphasized accelerating the construction of a new energy system as part of the broader goal of achieving a green transformation in the economy and society [5][7] - New energy is positioned as a "new emerging pillar industry" and a "strategic emerging industry," with hydrogen energy and nuclear fusion energy highlighted as future industries [9] Section 2: Focus on New Directions - The report suggests that energy storage, hydrogen energy, and solid-state batteries are the three key areas to focus on, with energy storage being essential for building a new energy system [10][11] Section 3: Investment Recommendations - For energy storage, the report recommends companies with high growth potential in energy storage systems and cells, specifically mentioning Haibosi Chuang, Shangneng Electric, and Penghui Energy [15] - In the hydrogen energy sector, it suggests focusing on quality companies in equipment and project sectors, such as Kewell and Jidian Co [15] - For solid-state batteries, the report advises attention to companies involved in the early industrialization of solid-state battery equipment and lithium metal anodes, recommending companies like Xiandai Intelligent and Tiantie Technology [15]

Core Viewpoint - The sixth International Forum on New Power Systems and the 21st China Southern Power Grid International Technology Forum will be held from October 29 to 31 in Boao, Hainan, focusing on the theme of "Building a New Power System and Accelerating Energy Low-Carbon Transition" [1]. Group 1 - The forum aims to promote the synergy of digitalization and greening, facilitating the construction of new power systems and new energy systems [1]. - It will feature thematic discussions and keynote speeches from leaders of the National Energy Administration and the Hainan provincial government [1]. - The event will invite leaders and experts from major international organizations to participate in discussions and deliver keynote speeches [1]. Group 2 - Academics and experts will be deeply involved in academic discussions, including professors from key universities and research institutes dedicated to the construction of new power systems and new energy systems [1]. - The forum is designed to create a high-level academic exchange platform with an international perspective [1].