Investment Rating - Maintain "Increase" rating for the electric equipment sector [6] Core Views - The report emphasizes the growth potential in the new energy vehicle after-sales service market due to the rapid increase in the number of new energy vehicles [4] - The green electricity direct connection initiative is expected to enhance the low-carbon competitiveness of China's manufacturing sector [14] - Strategic collaborations in hydrogen energy are being established to promote green low-carbon mining complexes and logistics platforms [16] Summary by Sections 1. New Energy Generation - **Photovoltaics**: The National Energy Administration has issued a notice to promote green electricity direct connection, which allows renewable energy to supply power directly to single users, enhancing the clarity of electricity supply sources. The self-consumption ratio of renewable energy should not be less than 60% of total available generation by 2030 [14] - **Wind Power & Grid**: The Jiangsu Guoxin Dafeng offshore wind project has made significant progress with the successful laying of the first 35kV submarine cable. The report highlights the acceleration of nuclear power construction in both China and the US, with plans to start 10 large nuclear power plants by 2030 [15] - **Hydrogen & Energy Storage**: A strategic cooperation agreement has been signed among Yitai Group, Shuangliang Energy, and Yipai Hydrogen to develop a green low-carbon mining complex in Inner Mongolia. The report recommends focusing on leading companies in hydrogen compression technology [16][17] 2. New Energy Vehicles - The number of newly registered energy vehicles in China reached 11.25 million in 2024, accounting for 41.83% of new registrations. The total ownership of new energy vehicles is projected to reach 31.4 million by the end of 2024, a 261-fold increase since 2014 [26] - The report identifies pain points in the battery after-sales market, including data transparency and high maintenance technical difficulties. A new AI model for battery health assessment has been initiated to address these issues [27][28] 3. Energy Storage - The average bidding price for W3 energy storage systems in May is reported to be between 0.423 and 0.651 RMB/Wh. The report suggests focusing on large-scale energy storage companies with high growth certainty, recommending companies like Sungrow Power and Eastern Daybreak [21][24] 4. Industry Price Dynamics - The report provides insights into the price dynamics of the photovoltaic industry chain, indicating fluctuations in prices for polysilicon, solar cells, and modules [31]

Core Viewpoint - The article emphasizes the importance of promoting green electricity direct connection (绿电直连) to enhance the development of renewable energy and meet the growing demand for green energy consumption in China, aligning with national carbon neutrality goals and the construction of a new power system [2]. Group 1: Definition and Requirements - The article defines green electricity direct connection as a method where renewable energy sources, such as wind and solar, connect directly to a single electricity user through dedicated power lines, bypassing the public grid [3]. - It outlines four scenarios for implementing green electricity direct connection, including new load connections, existing load connections under specific conditions, export-oriented enterprises utilizing nearby renewable resources, and existing renewable projects that have not yet connected to the grid [4]. Group 2: Investment and Operation Models - The article introduces innovative investment models for green electricity direct connection, allowing for investments from both load and generation entities, and emphasizes the need for long-term power purchase agreements if the investor entities differ [5]. - It highlights that projects can participate in the electricity market while primarily focusing on self-consumption, with local authorities determining the proportion of excess electricity fed back into the grid based on local conditions [5]. Group 3: Safety and Management Requirements - The article stresses the need for clear safety management responsibilities and interfaces for green electricity direct connection projects, particularly when multiple resource types and investment entities are involved [6]. - It discusses the importance of integrating green electricity direct connection projects into the national power market's scheduling and management systems to ensure safe and efficient operation [7]. Group 4: Market Trading and Pricing Mechanisms - The article outlines the necessity for green electricity direct connection projects to participate in electricity market trading as a whole, even if the power source and load are from different investors, promoting flexibility and reliability in energy consumption [8]. - It specifies that these projects must adhere to social responsibilities by paying relevant fees, ensuring a fair contribution to the overall energy system while promoting sustainable development [8].

问：《通知》的主要内容有哪些？ 答： 通知共分为五部分。 第一部分 为适用范围与基本原则，明确绿电直连项目的定义、分类、特 征及原则。 第二部分 为加强规划引导，明确项目建设、规划统筹、模式创新、源荷匹配等方面要 求。 第三部分 为加强运行管理，从项目自身管理、电网接入要求、调度运行管理、安全责任界面 和系统友好性等方面，对绿电直连项目和电网企业提出具体要求。 第四部分 为交易与价格机制， 鼓励项目作为整体参与电力市场，按规定缴纳相关费用，并明确计量结算要求。 第五部分 为组织 保障， 明确国家发展改革委、国家能源局、地方能源主管部门、国家能源局派出机构、电网企业和 电力市场运营机构等工作要求。 问：《通知》对投资建设绿电直连项目作出哪些规定？ 答： 一是支持各类经营主体投资建设绿电直连项目 。 《通知》明确支持包括民营企业在内的各类 经营主体（不含电网企业）投资绿电直连项目， 省级能源主管部门应配合做好相关工作，支持民营 资本等参与 。 二是充分调动投资主体积极性。 《通知》提出项目电源可由用户投资，也可由新能 源发电企业或双方成立的合资公司投资；直连专线原则上应由用户、电源主体投资。 三是维护各类 投资主 ...

Core Viewpoint - The National Energy Administration has issued a notification requiring that the annual self-consumed electricity from renewable energy projects must account for no less than 60% of the total electricity generated [1] Summary by Relevant Categories Policy Requirements - The notification mandates that the proportion of self-consumed electricity from renewable energy projects should not be less than 60% of the total electricity generated annually [1] - The proportion of self-consumed electricity relative to total electricity consumption is set to increase from a minimum of 30% in 2025 to 35% by 2030 [1] Strategic Direction - The policy aims to encourage renewable energy projects to utilize electricity as close to the generation site as possible, promoting local consumption [1]

Core Viewpoint - The Ministry of Transport is focusing on the integration of clean energy into the transportation sector, aiming to reduce carbon emissions and enhance energy efficiency through various initiatives and infrastructure developments [1][2]. Group 1: Infrastructure Development - The Ministry plans to utilize land around highways, service areas, and monitoring centers for the development of clean energy projects, including the construction of near-zero carbon hubs and ports [1]. - There are over 890,000 kW of installed clean energy capacity in national transportation infrastructure, with 35,000 charging piles and approximately 51,000 charging parking spaces established [1]. - The electrification rate of national railways has reached 75.3%, and the proportion of new energy city buses has reached 77.6% [1]. Group 2: Policy and Strategic Goals - A guideline was issued in April 2023, aiming to establish a collaborative mechanism for the integration of transportation and energy by 2027, with a target for electricity to account for 10% of the transportation sector's final energy consumption [1][2]. - The Ministry emphasizes the importance of planning and policy coordination, expanding application scenarios, promoting new energy equipment, and increasing technological research and development [2]. Group 3: Emission Reduction Focus - The transportation sector is the third-largest source of carbon emissions in China, with road freight being the primary energy consumer and carbon emitter, relying heavily on fossil fuels [2]. - The transition to new energy vehicles is crucial, although replacing fuel vehicles entirely will take a significant amount of time [2][3]. - Future initiatives will include promoting clean energy projects in the electricity market and supporting the development of new energy heavy-duty trucks and clean energy vessels [3].

6月会议预告 2025高工钠电 产业峰会 主办单位： 高工钠电、高工产业研究院（GGII） 总冠名： 众钠能源 会议时间： 6月9日 会议地点： 苏州香格里拉大酒店（苏州虎丘区塔园路168号） 2025高工固态电池 技术与应用峰会 主办单位： 高工锂电、高工储能、高工产业研究院（GGII） 总冠名： 利元亨 会议时间： 6月10日 会议地点： 苏州香格里拉大酒店（苏州虎丘区塔园路168号） 随着全球对可持续发展的日益关注和监管趋严，电池制造商 ESG （环境、社会和治理）报告正从选择性披露转 为 核心信息窗口。 2024 财年报告季的数据显示， 碳排放 结构 ，特别是与电力消耗相关的部分，已成为衡量电池企业 " 绿色成色 " 的关键。 在亮眼的 " 零碳 " 数据背后，如何界定和核实真正的绿色电力，尤其是在中国国内标准与欧盟等 国际 市场要求存在差异的背景下，正成为行业面 临的核心挑战。 解读 电池企业 " 绿色财报 " ，关键在于看懂企业如何 接入 绿电。 电池 企业 碳排放图谱：电力与供应链是核心挑战 电池企业的 ESG 报告正逐步揭示其碳排放全貌。 在已经披露 ESG 报告的电池企业中， 宁德时代 、 ...

摘要 江苏率先落地绿电直连试点，新能源电池企业受益。 为应对欧盟日趋严苛的电池产品碳足迹新规，中国电池产业正积极探索绿电直连模式。江苏省率先 启动试点，宁德时代等企业积极参与其中。这项探索旨在帮助中国电池企业突破欧盟碳壁垒，维持 全球竞争力。 二月底，中国首批五个企业绿电直连供电试点项目落地江苏，常州、苏州、盐城三市率先启动试 点，聚焦新能源电池产业链。宁德时代常州生产基地、阿特斯（盐城）、科森科技（苏州）储能项 目、凯金新能源盐城负极产能等首批项目均被纳入试点范围。更值得关注的是，该试点还吸引了宁 德时代在盐城新增规划产能，战略意义凸显。 欧盟碳足迹新规倒逼绿色升级 欧盟新电池法对进口电池产品的碳足迹划定了严格红线，不仅要求强制披露、分级，还设定了最大 阈值，并逐年收紧标准。动力电池碳足迹中，电力消耗的碳排放占比高达六成以上，是决定电池碳 足迹的关键要素。 经济性方面，新建绿电直供项目，对电网公司和用电企业来说均意味着投资风险，包括线路改造、 电站投资和用户侧改造等额外成本，且存在投资回收期长，供需关系单一等问题。项目能否盈利， 关键在于绿电溢价能否覆盖投资成本。 而电网运营成本的增加，最终可能推高全社会输 ...