中电联表示，8月份，将进入电力保供的关键期，从目前国家气候中心的预测，结合宏观经济企稳回升 的态势，迎峰度夏期间，全国电力供需总体平衡。 今年上半年国民经济运行稳中有进，全国全社会用电量4.84万亿千瓦时，同比增长3.7%；一、二季度全 社会用电量同比分别增长2.5%、4.9%。 中电联规划发展部主任张琳在发布会上回答第一财经记者提问时表示，"十五五"时期，如何更好统筹电 力安全保障和绿色低碳转型，加快构建新型电力系统，面临一系列新的机遇和挑战。预计2030年全国全 社会用电量达到13万亿千瓦时以上。电力供需平衡难度持续增加，需要加快推动新型电力系统源网荷储 全环节迭代升级，有效满足体量庞大的新增用电需求。 用电量增速平稳回升 今年上半年，我国全国全社会用电量同比增长3.7%；二季度比一季度提高2.4个百分点；分月看，用电 量增速总体平稳回升。 中电联统计与数智部主任侯文捷表示，用电量是国民经济发展的"晴雨表"，电力消费的回升，反映出上 半年我国国民经济总体稳中有进、回升向好的态势。 第二产业用电量逐季回升，促消费系列政策的逐步落地拉动部分省份工业用电量回温。高技术及装备制 造业用电表现亮眼，上半年用电量增速 ...

省领导安伟、陈星、李涛，国家电网公司党组副书记邵国勇参加会见。（记者 刘婵 张笑闻） 责任编辑： 王靖 刘宁、王凯代表省委、省政府向张智刚、庞骁刚一行表示欢迎，感谢国家电网公司在稳定经济增长、服 务经营主体、建设美丽乡村等方面给予河南的大力支持。刘宁说，当前，全省上下正深入学习贯彻习近 平总书记在河南考察时重要讲话精神，落实"四个革命、一个合作"重要要求，持续加大电网投入，加快 构建新型电力系统、建设新型能源体系，着力推进全面绿色转型，积极融入服务全国统一大市场建设， 奋力谱写中原大地推进中国式现代化新篇章。河南的高质量发展离不开电力能源的有力保障，希望国家 电网公司继续发挥资金、人才、技术等优势，进一步加大在豫投资力度，在农村和城市配电网改造升 级、打造外电入豫通道、智能化电网建设、降低用电成本、关键技术研究转化和先进电力设备制造等方 面深化合作，助推河南更好融入全国统一电力市场建设，为河南经济社会发展提供坚实能源支撑。我们 将持续营造一流营商环境，强化各类要素保障，为企业在豫发展提供更优服务、创造良好条件。 张智刚、庞骁刚感谢河南省委、省政府长期以来对国家电网公司工作的关心支持。张智刚表示，河南是 人口大 ...

Core Viewpoint - The recent publication of two international standards for high voltage direct current (HVDC) switchgear, led by China, establishes unified technical specifications for HVDC circuit breakers and converters, enhancing global trade and cooperation in HVDC technology [1] Group 1: International Standards - The two international standards are titled "High Voltage Switchgear and Controlgear Part 313: DC Circuit Breakers" and "High Voltage Switchgear and Controlgear Part 315: DC Disconnectors" [1] - These standards define the technical requirements and testing methods for HVDC circuit breakers and converters, providing a framework for global HVDC switchgear [1] Group 2: Importance of HVDC Technology - HVDC switchgear is a critical component in the construction of new power systems, ensuring safe and stable operation while facilitating large-scale integration of renewable energy and cross-regional transmission [1] - The development of these standards supports the creation of a clean, low-carbon, and efficient energy system [1] Group 3: China's Leadership in HVDC - China has accumulated significant research and engineering experience in the HVDC field through major projects such as the Zhangbei Flexible DC Project and the Baihetan-Jiangsu UHVDC Project [1] - The release of these international standards reinforces China's global leadership in HVDC transmission technology and equipment [1] Group 4: Collaborative Efforts - The standards were developed over five years by a working group led by Chinese experts, including contributions from experts from nine other countries: Germany, the United States, France, Italy, Japan, Norway, and Spain [1]

Investment Rating - The report maintains an "Overweight" rating for the vanadium battery sector within the electric equipment and new energy industry [2]. Core Insights - China is focusing on building a new power system dominated by renewable energy, with the share of solar and wind power generation capacity reaching 42.0% by the end of 2024, up 6.0 percentage points from 2023 [5][45]. - The vanadium battery market is expected to grow significantly, with the total market size projected to reach approximately 23.1 billion yuan in 2024 and 144.6 billion yuan by 2026, indicating substantial growth potential [5][65]. - The report highlights the importance of new energy storage systems, particularly vanadium batteries, in stabilizing power supply and enhancing grid acceptance of renewable energy [5][56]. Summary by Sections 1. Vanadium Battery Industry Overview - China has achieved self-sufficiency in the vanadium redox battery industry, with a focus on large-scale, long-duration energy storage [12][32]. - The vanadium battery industry is characterized by its high safety requirements and suitability for large-scale applications [32]. - The industry chain includes upstream raw material suppliers, midstream technology developers, and downstream application sectors [18][22]. 2. Demand Growth from New Energy Sector - The rapid development of China's new energy sector is driving demand for vanadium battery storage solutions [40]. - The new power system construction is progressing in phases, with renewable energy becoming the main source of incremental power generation [40]. - The installed capacity of solar and wind power continues to grow, with significant increases in new installations in 2024 [50][51]. 3. Market Potential and Future Projections - The vanadium battery storage market is expected to see a tenfold increase in installed capacity in 2024, reaching 0.81 GW/3.23 GWh [17]. - The report anticipates that by 2025, the vanadium battery industry will enter a peak delivery phase, with a total planned capacity of 3 GW by 2026 [5][65]. - The penetration rate of vanadium batteries in new energy storage projects is expected to rise significantly due to technological advancements and market recognition [5][65]. 4. Key Companies in the Vanadium Battery Sector - Major players in the vanadium battery supply chain include upstream vanadium suppliers and midstream manufacturers of vanadium electrolytes and battery systems [37][38]. - Companies like Dalian Rongke and Beijing PUNENG are leading in the development and application of vanadium battery technologies [38][39]. - The report emphasizes the importance of collaboration among companies across the supply chain to enhance competitiveness and drive innovation [22][29].

2030年新能源装机有望突破30亿千瓦 ——国网能源研究院发布《中国新能源发电分析报告2025》 当前，我国新能源装机已超越煤电，跃居全国第一大电源，新能源从"生力军"蜕变为"主力军"的时代已 全面开启。 7月下旬，国网能源研究院发布的《中国新能源发电分析报告2025》（以下简称《报告》）对我们新能 源发展做出预测，到2030年，新能源装机规模有望突破30亿千瓦，将在现有基础上实现翻番。 规模引领与结构优化并举 过去一年，我国新能源产业在装机规模与发电量上实现了双突破，展现出强劲的发展势头。2024年，我 国新能源新增装机高达3.6亿千瓦，占全国新增电源装机的83%，风电、太阳能发电装机规模分别已连 续15年、10年稳居全球首位，占全球比重分别约45.8%和46.9%。 装机规模的跨越式增长，同步带动发电量的跃升。《报告》显示，2024年，我国新能源发电量达1.84万 亿千瓦时，同比增长25%，对全国发电量增长的贡献率突破60%，占总发电量的比重升至18.5%，标志 着新能源已成为实质性的电量增量主体。 系列成果的背后，是地方层面新能源应用的深度推进。据国网能源研究院数据，青海、甘肃、河北等25 个省份新能源 ...

2025年7月28日，国网电科院（南瑞集团）首批"十年磨剑"研究团队、行业战队和新兴业务特遣队(简 称"三队"）成立，这是南瑞深化国企改革的重要探索实践。 南瑞承担的甘肃民勤共享储能电站项目 南瑞研发人员在系统保护实验室开展工作 为全力打造"第二增长曲线"，对外求增益拓展发展空间，对内做减熵优化系统效能，以技术为乘数放 大核心竞争力，以变革为除数破除发展瓶颈，推动电网系统外业务和新兴业务规模化突破，南瑞组建了 行业战队和新兴业务特遣队。战队和特遣队的组建打造了以去行政化为核心的跨功能组织团队，将有效 推动体系化业务拓展。目前，南瑞已首批成立两支能源行业战队，以及新型储能、新型微网与园区业务 两支新兴业务特遣队。 历经五十年多年发展，南瑞靠着"吃改革饭、走开放路、打创新牌"，成就了一部壮丽的创新创业史。 现阶段的改革工作既是对南瑞改革精神的传承，也对企业未来的擘画，吹响了改革再出发的号角。南瑞 将以深化改革推动高质量发展，奋力实现"再次创业、再创辉煌"，全面书写支撑能源电力转型和经济社 会高质量发展的新篇章。 【责任编辑：王少晨 】 国网电科院（南瑞集团）落实国家电网公司"四力"（传递压力、增强活力、加大吸引力 ...

Investment Rating - The investment rating for the company is "Buy" [5][10] Core Views - The company reported a revenue of 1.368 billion yuan for the first half of 2025, representing a year-on-year growth of 11.88%. The net profit attributable to shareholders was 305 million yuan, up 12.24% year-on-year [1][5] - The company emphasizes shareholder returns through a semi-annual cash dividend of 2.5 yuan per 10 shares, totaling 122 million yuan, which accounts for 39.94% of the net profit for the first half of the year [3][5] - The company has successfully launched 36 innovative products and solutions, generating revenue of 642 million yuan, which constitutes 47% of total revenue for the first half of 2025 [2][3] Financial Performance Summary - In Q2 2025, the company achieved a revenue of 813 million yuan, a year-on-year increase of 4.90%. The net profit for the quarter was 166 million yuan, up 3.18% year-on-year [2] - The total new orders signed in the first half of 2025 amounted to 1.627 billion yuan, reflecting an 8.31% year-on-year growth. The total contracts on hand reached 3.956 billion yuan, a 12.63% increase year-on-year [2] - The company's return on equity (ROE) for the first half of 2025 was 9.18%, with a debt-to-asset ratio of 34.83% [2] Earnings Forecast - The expected earnings per share (EPS) for 2025, 2026, and 2027 are projected to be 1.54 yuan, 1.88 yuan, and 2.32 yuan respectively, with corresponding price-to-earnings (PE) ratios of 22, 18, and 15 [3][4]

Core Viewpoint - The article highlights the significant role of new energy storage systems in supporting the power supply during peak demand periods, showcasing their capacity and effectiveness in various regions across China [1][4][5]. Group 1: New Energy Storage Capacity and Performance - As of now, the maximum adjustable power of new energy storage in the operational area of the State Grid Corporation has reached 64.23 GW, with a real-time maximum discharge power of 44.53 GW, marking a 55.7% increase compared to the same period last year [1]. - During the peak summer period, new energy storage systems have demonstrated the ability to fully utilize their capacity in regions like Jiangsu, Fujian, Hubei, Shanxi, and Tianjin, significantly enhancing power supply capabilities [1]. - In Jiangsu, 93 new energy storage stations achieved a maximum discharge power of 714 MW, accounting for 94% of the installed capacity of new energy storage in the province [3]. Group 2: Importance of New Energy Storage in Power Systems - New energy storage is identified as a key technology for building a new energy system and power grid, capable of flexibly responding to grid demands and playing a role in peak shaving and valley filling [1]. - The peak capacity of new energy storage during the summer evening peak is equivalent to nearly three Three Gorges hydropower stations, providing substantial support during high electricity demand periods [1]. - The development of new energy storage is crucial for optimizing the allocation of power resources and promoting the advancement of storage technology, which is essential for the construction of a new power system [4]. Group 3: Regional Initiatives and Achievements - In Yunnan, a large-scale concentrated charging and discharging test was conducted, achieving a maximum charging power of 479 MW and a maximum discharging power of 474 MW, with utilization rates of 96% and 95% respectively [5]. - Yunnan has surpassed 5 million kW in new energy storage installations, ranking first among the five southern provinces, significantly enhancing the region's power system regulation capabilities [5]. - The next steps for Yunnan's power grid company include utilizing market mechanisms for scientific deployment of new energy storage systems to enhance supply security and promote clean energy consumption [5].

随着我国风光发电规模不断增大，如何构建新型电力系统、做好新能源消纳工作备受关注。作为清 洁能源大省，福建省持续完善清洁能源结构，构建了"水核风光气储"多元供给体系，并实现清洁能源完 全消纳，让更多绿电"供得上""用得好"，将能源优势转化为产业升级的澎湃动能。 近年来，我国新能源产业发展迅速，尤其是风电、太阳能光伏发电突飞猛进。然而，随之产生的新 能源消纳问题日益凸显，尤其在新能源富集区弃风弃光现象时有发生。如何将清洁能源完全消纳成为当 前亟待破解的难题。 位于东海之滨的福建省是清洁能源富集区，坐拥全国第二长海岸线、年均风速超过9米每秒。依托 核电、海上风电、光伏发电"三驾马车"，福建正将得天独厚的自然资源禀赋转化为源源不断的发展势 能。截至2025年4月底，福建清洁能源装机比重达56.7%，发电量占比53.6%。福建如何在装机占比过半 的情况下实现高效消纳？又是如何不断完善能源结构的？ 从这里发出的每千瓦时电，都会实时显示在国家电网福建省电力有限公司调度控制中心的巨型屏幕 上。该中心副主任宋少群说，这是掌控福建全省电网运行和发电调度的"能源大脑"，屏幕背后是一场持 续多年的能源革命，从单一水电依赖到多能互补的 ...

Core Viewpoint - The article highlights the rapid development of clean energy in Fujian Province, emphasizing the transition from a single reliance on hydropower to a diversified energy structure that includes nuclear, wind, solar, and gas, achieving complete consumption of clean energy [1][2][3]. Energy Structure Transformation - Fujian has shifted from relying solely on hydropower to a multi-energy complementary system, with hydropower contributing 32.9% to the clean energy installed capacity [2][3]. - The water resources in Fujian, particularly the Min River, provide a significant foundation for hydropower, with the Wukou Hydropower Station being the largest conventional hydropower station in East China, generating 170 billion kilowatt-hours over 30 years [2][3]. - As of April 2025, clean energy installed capacity in Fujian reached 56.7%, with a generation share of 53.6% [1]. Smart Grid Empowerment - The construction of a smart energy internet has enhanced the capacity for clean energy consumption, utilizing advanced technologies for precise forecasting and full-chain consumption [5][6]. - The smart grid system allows for real-time monitoring and rapid response to energy demands, ensuring 100% consumption of wind and solar energy during peak output [5][6]. - The integration of AI algorithms has improved the accuracy of renewable energy power forecasting to 95.8% [5]. Innovation Cluster Emergence - The Fujian Sanxia Offshore Wind Power International Industrial Park has become a hub for leading companies in the wind power sector, generating an output value of approximately 6 billion yuan [9]. - The park has facilitated the development of domestically produced offshore wind turbines, marking a significant shift from following to leading in technology [9][10]. - The establishment of a national offshore wind power research and testing base has accelerated the development of new technologies in wind power equipment [10]. Green Electricity Value Transformation - Fujian is actively expanding the scope of green electricity trading, achieving a cumulative transaction of 19.49 billion kilowatt-hours and 1.35 million green certificates in 2024, representing a year-on-year increase of 154% and 495% respectively [14][15]. - The province has implemented policies to include various renewable energy projects in the green electricity trading market, enhancing the supply capacity of green electricity [15][16]. - Innovative financial products such as "green electricity loans" have been introduced to support the development of green energy projects [15][16].