文 | 中关村储能产业技术联盟 5月份以来，各地陆续下发136号文的省级承接文件。目前，蒙东的文件正式下发（详见《 蒙东136号 文配套细则正式方案：存量项目机制电价为煤电基准价，新增项目暂不安排机制电量 》），山东、广东 出台征求意见稿（详见《 山东：136号文后首个省级配套细则出台，531前投产项目机制电价0.3949 元/度！ 》、《 广东136号文配套细则：机制电量≤90%，机制电价最长执行14年 》） 近日，湖南省发改委关于印发《湖南省深化新能源上网电价市场化改革实施细则（暂行）》的通知文件 流出（详细内容参考附件）。该文件为相关部门内部讨论稿，仅供参考。 2025年6月1日前全容量并网的存量项目： 电量规模： 光伏扶贫项目扶贫容量对应的上网电量 全部纳入 机制电量规模；扶贫容量以外的其他分 布式光伏项目、接入电压等级35千伏及以下风电和集中式光伏项目纳入机制电量的规模 按照其上网电 量的80%确定 。 机制电价： 纳入机制电量的机制电价为 0.45元/千瓦时 。 执行期限： 按2025年5月底项目剩余全生命周期合理利用小时数对应年份与投产满 20年 对应年份较 早者确定。 2025年6月1日后全容 ...

近期，由水电水利规划设计总院编制的《中国可再生能源发展报告2024年度》（以下简称《报告》）发 布。 《报告》显示，2024年全国可再生能源发电装机创历史新高，占全球可再生能源新增装机六成以上，预 计今年全年风电光伏发电装机将再新增2.8亿千瓦。随着新能源占比越来越高，如何又好又快发展备受 业内外关注。 装机量实现大幅增长 新能源装机大幅增长，进一步巩固了其在电力装机中的重要地位。《报告》显示，2024年，风电累计装 机达5.2亿千瓦，光伏累计装机达8.9亿千瓦，全球最高海拔光伏项目、最大"渔光互补"项目投产；新型 储能发展集中式、大型化趋势显著。 技术创新是产业升级的重要驱动力。2024年，陆上风电最大下线单机容量提升至15兆瓦，海上风电最大 下线单机容量达26兆瓦。光伏晶硅电池转化效率显著提升，光热发电成本下降，储能技术加速迭代。 在加快新能源开发的同时，我国强化电力系统调节能力，保障电网安全。2024年国庆期间，全国首次分 布式新能源保安全促消纳市场化交易在浙江省嘉兴市尖山新区展开试点。据悉，通过研判提前锁定节假 日光伏资源，在区域负荷下降明显、光伏发生倒送时，按需调用中标资源，共计出清容量10兆瓦并全 ...

Core Viewpoint - The "Notice on Deepening the Market-oriented Reform of New Energy Grid Connection Prices" (referred to as "Document No. 136") significantly impacts the new energy market, influencing trends such as the rush for photovoltaic installations and the cancellation of mandatory energy storage requirements [1][2]. Group 1: Market Dynamics - The implementation of Document No. 136 introduces a price difference settlement mechanism for new energy, with existing projects before June 1, 2025, aligning with local coal power benchmark prices, while new projects post this date will have their pricing determined through market competition [2]. - The announcement of Document No. 136 has led to a surge in photovoltaic installations as companies rush to capitalize on the existing pricing structure before changes take effect [2]. Group 2: Industry Perspectives - Industry experts emphasize the need for new energy to integrate into comprehensive energy services, utilizing models such as energy storage, virtual power plants, and integrated source-grid-load-storage systems to enhance competitiveness and maximize value [1]. - The chairman of Zhengtai Aneng views the document as a recognition of clean energy's primary power source status, advocating for a strategic shift towards becoming a global leader in comprehensive energy services [2]. Group 3: Energy Storage Insights - The Secretary-General of the Energy Storage Leaders Alliance highlights the increasing autonomy of market participants, suggesting that as the market matures, the value of energy storage products will become more certain [3]. - Initially perceived as a negative for the energy storage sector, the cancellation of mandatory energy storage is now seen as a potential benefit as the value of storage becomes more recognized [3]. - Experts predict that as renewable energy penetration increases, the reliance on traditional power sources will diminish, necessitating a higher frequency of new energy storage dispatches to maintain system stability [3][4].

Core Insights - The article discusses the recent policy changes in China's renewable energy sector, particularly focusing on the commercial energy storage (工商储) market and how companies can adapt to these changes to find certainty in an uncertain environment [1][3]. Policy Changes - In early 2025, China introduced a series of renewable energy policies aimed at creating a new energy system and power structure, including the "136 Document" which emphasizes market-driven pricing for renewable energy [1]. - The "136 Document" prohibits the requirement of energy storage for new renewable projects, promoting a market-oriented approach to energy pricing [1][3]. Commercial Energy Storage Market - Commercial energy storage refers to systems deployed in non-residential settings, focusing on load management and energy efficiency [3]. - The 2021 guidelines aimed for commercial energy storage to transition from initial commercialization to large-scale application by 2025 [3]. - The 2024 notification improved the profitability model for commercial energy storage, necessitating faster adaptation to market dynamics [3]. Solutions and Innovations - The company introduced a dual-circulation solution during the SNEC exhibition, which includes six profit growth engines such as peak-valley arbitrage and demand-side response [3]. - The energy storage cabinets developed by the company utilize a self-developed microgrid controller for real-time interaction with the EnOS energy management platform, optimizing local electricity revenue [4]. User Empowerment - The company aims to create effective commercial energy storage products by leveraging industry insights and a systematic evaluation approach termed the "Yuanjing Formula" [5]. - The "Yuanjing Formula" focuses on maximizing investment returns by considering multiple factors such as energy value, conversion efficiency, and safety [5][6]. Long-term Strategy - The company emphasizes a user-centered long-term strategy, aiming to provide comprehensive solutions that address financing and operational challenges for energy storage investments [8]. - The "Yiqi Storage" model has been launched to facilitate partnerships and enhance service networks across various regions, promoting energy cost optimization and green transformation [8]. Market Evolution - The competition in the commercial energy storage sector is evolving from simple peak-valley arbitrage to complex virtual power plants, marking a shift from policy-driven to market-driven dynamics [9].

证券研究报告 | 行业周报 gszqdatemark 2025 06 15 年 月 日 电力 跨省跨区电力应急调度新规出台，" 疆电入渝"首批电源项目投产 本周行情回顾：本周（6.9-6.13）上证指数报收 3377.00 点，下跌 0.25%，沪深 300 指数报收 3864.18 点，下跌 0.25%。中信电力及公用事业指数报收 2947.49 点，上涨 0.29%，跑赢沪深 300 指数 0.54pct，位列 30 个中信一级板块涨跌幅榜 第 10 位。 本周行业观点： ➢ 跨省跨区电力应急调度新规出台，优先市场化，应急保供托底。6 月 13 日， 国家发改委发布公告，就《跨省跨区电力应急调度管理办法（征求意见稿）》 向社会公开征求意见。提出当电力运行中存在安全风险、电力电量平衡缺口 时，优先通过跨省跨区电力中长期交易、现货交易等市场化手段配置资源和 形成价格。当市场化手段不能完全解决问题时，电力调度机构方可在日前、 日内阶段组织实施应急调度。 应急调度电价结算规则： 投资建议：迎峰度夏已至，煤价持续下降，建议关注季度业绩具备弹性的火电板 块。随着电力市场化不断加深，辅助服务需求有望进一步提升，建议重视 ...

Core Viewpoint - The issuance of the new policy is seen as a significant benefit for companies deeply engaged in digital technology and data elements, particularly for companies like WeBank Technology [1] Group 1: Company Overview - WeBank Technology, established in 2014, is a digital technology enterprise that received national enterprise credit registration in 2015 [1] - The company has developed financial solutions such as "Keqi Loan," which has served over 10,000 technology enterprises, and "Piaolian Loan," which has helped 17 banks achieve decentralized credit granting, providing over 30 billion yuan in financing to 20,000 chain-related small and micro enterprises [1] Group 2: Policy Impact - The new policy is expected to accelerate the large-scale application of technological achievements and scenario innovations, particularly in the data element reform area [2] - The policy supports Shenzhen in exploring data trading and trusted circulation mechanisms, aligning with WeBank Technology's practice of converting enterprise tax data into credit assets [2] - The new round of comprehensive reform trials is seen as a catalyst for the marketization of data elements, with WeBank Technology committed to empowering the real economy through this "new experiment" [2] Group 3: Technological Advancements - WeBank Technology has been utilizing artificial intelligence since its inception to overcome traditional credit data limitations and has recently embraced large models to enhance multi-modal data analysis capabilities [2] - The company is building a knowledge graph platform to improve fraud detection accuracy, with plans to extend its AI credit engine to more emerging industries in line with the new policy's exploration of rules in the AI sector [2]

AI时代数据将进入黄金时代，全球数据以每年36%的速度爆发式增长。到2030年，数据总量将突破 1YB，人类将正式进入YB时代。随着AI技术的广泛应用，数据的价值正在被激发，数据正从"沉睡的资 产"蜕变为"驱动未来的核心生产要素"。 统计显示，中国年数据产量高达41.06ZB，但仅有5.1%被有效保存，约95%的数据因存储能力不足而无 法得到充分利用。为此，国家各部委正积极出台政策，推动建设行业和区域数据归集平台，促进数据 从"碎片化"向"集约化"转变，加速数据要素价值释放。 王旭东提到，AI的快速发展带来了多模态数据，面对文本、视频、图像等异构数据交织的挑战，传统 的数据孤岛架构已难以应对。只有通过数据汇聚和统一治理，才能充分发挥数据的规模效应，使其成为 真正的生产要素。基于此，能够支撑海量数据汇聚、治理、加工和流通的存力中心正在全国各地加速建 设。 6月13日，在第四届粤港澳大湾区（广东）算力产业大会暨第三届中国算力网大会上，华为数据存储产 品线战略与业务发展部总裁王旭东受邀出席并发表题为"共筑先进存力中心，助力韶关数据产业高质量 发展"主题演讲。 华为数据存储产品线战略与业务发展部总裁王旭东发表演讲 ● ...

2025.06. 14 日前，中央印发《关于深入推进深圳综合改革试点深化改革创新扩大开放的意见》(下称《意见》)， 为即将迎来45岁生日的深圳经济特区送上了一份"大礼包"。 《意见》以系统集成方式部署了一批含金量高、撬动力强、内涵丰富的重大改革举措，其政策含金 量，不亚于特区建立40周年时，中央出台的支持深圳实施综合改革试点的一揽子政策，有些方面甚 至突破力度更大。 据深圳市委常委、秘书长、改革办主任郑红波透露，《意见》印发后，深圳市第一时间传达学习、部 署安排，第一时间制定任务分工方案，逐项细化任务书、路线图、时间表、责任制，已将《意见》落 地实施列入全市重大改革调度事项。 接下来，深圳将怎样推动《意见》落地落实，兑现"大礼包"的含金量？6月13日，郑红波和深圳市发 展和改革委员会主任郭子平，分别对媒体进行了阐释。 郑红波表示，《意见》在新起点上赋予深圳一系列重大改革任务，深圳将从四个方面进行落实，包 括：在创新教育科技人才体制机制上先行先试；着力强化创新链产业链资金链人才链深度融合；着力 拓展粤港澳合作国际合作的新途径新场景新载体；着力建设现代化国际化创新型城市。 教育科技人才体制机制一体改革，是《意见》 ...

Core Viewpoint - Shenzhen is set to accelerate the implementation of 24 special measures to relax market access, as outlined in the recently issued "Opinions" by the central government, marking a significant reform initiative for the city as it approaches its 45th anniversary as an economic special zone [1][2]. Group 1: Key Reform Measures - The focus of the reforms includes the integration of education, technology, and talent systems to enhance innovation and attract diverse talent without geographical or background restrictions [2][3]. - Shenzhen aims to deepen the integration of financial, technological, and data resources to support high-quality development of the real economy, with specific initiatives to attract insurance funds for investment in technology innovation [2][3]. - The city will enhance its openness by promoting service trade and establishing a competitive edge in various sectors such as gaming, software outsourcing, and international logistics [2][3]. Group 2: Market Access and Regulatory Framework - Shenzhen will further relax market access by exploring new regulatory mechanisms in fields like artificial intelligence and smart connected vehicles, and will implement a "sandbox regulatory" approach in the medical device sector [4][5]. - The city plans to facilitate resource acquisition by breaking down departmental barriers and expanding public data resource availability, particularly in healthcare and finance [5][6]. - Shenzhen will align with international high-standard trade rules, using the Qianhai-Shekou Free Trade Zone as a testing ground for these standards [5][6]. Group 3: Business Environment Optimization - The city aims to create a first-class business environment characterized by efficient administrative processes, robust legal frameworks, and a supportive industrial ecosystem [6]. - Shenzhen has been recognized for its favorable business environment, with a significant number of operating entities, reflecting its status as a leading city for entrepreneurship in China [6].

虚拟电厂和电力交易能成为新能源"救命稻草"吗？ 作者： 潘俊田 封图： 经观智创 "今年的SNEC展会，没人关注光伏组件和储能，都跑去看虚拟电厂了。"上海梦象科技有限公司总 经理助理张弋告诉经济观察报。6月11日，第十八届（2025）国际太阳能光伏和智慧能源&储能 及电池技术与装备（大会）暨展览会（SNEC）召开，这是光伏行业每年最大规模的展会。 在本届SNEC展会上，虚拟电厂和电力交易成为各家厂商推介的重点产品。张弋在展会前夕参加了 远景能源的虚拟电厂和电力交易推介会，天合光能也发布了虚拟电厂和电力交易产品。国能日新、 中曜达等电力相关企业以及正泰集团、阳光电源等光储相关企业，均在展会现场为虚拟电厂和电力 交易业务专门设置了展台。 每家厂商的PPT前几页基本一样，均认为："136号文"（《关于深化新能源上网电价市场化改革促 进新能源高质量发展的通知》）中规定的"2025年5月31日"时间节点之后，光伏电站发电将"全 面入市"，原有的固定电价收益模式会转变为市场化电价收益。在这一转变下，虚拟电厂和电力交 易业务能够更有效地提升客户收益。 这些业务的核心客户是"531新政"后尚处于迷茫状态的电站持有者们。 张弋 ...