Core Points - The European Union (EU) has officially passed a resolution to halt the transportation of Russian natural gas through its territory, marking a significant step in its strategy to reduce dependence on Russian energy sources [2] - The EU's demand for Russian natural gas was substantial, with approximately 40% of its gas supply coming from Russia in 2021, primarily through pipelines [2] - The EU has set a timeline for this transition, stating that from January 1, 2026, no new natural gas import agreements with Russia will be signed [4] Group 1: EU Energy Policy Changes - Existing contracts with Russia will not be terminated immediately; there will be a transitional period to manage supply gaps, with flexibility based on individual country contract terms [4] - Special provisions have been included for landlocked member states like Austria, Czech Republic, and Slovakia, which have historically relied on Russian gas through pipelines [6] - Hungary has expressed strong opposition to the ban, citing its heavy reliance on Russian energy, with over 80% of its gas and 60% of its oil sourced from Russia [6][8] Group 2: Member States' Reactions - Slovakia's Prime Minister criticized the EU's push to eliminate Russian energy as unrealistic, highlighting the potential for a 40% increase in industrial electricity costs if supplies are cut [8] - In contrast, Denmark supports the ban, having achieved a renewable energy share of 65%, and views the ban as essential for achieving energy independence [10][12] Group 3: Russia's Response and Market Dynamics - Russia has responded to the EU's actions by accusing the US and UK of pressuring the EU to limit its energy cooperation with Russia, which they claim undermines EU's energy sovereignty [13][15] - Since the escalation of the Ukraine conflict in February 2022, the EU has reduced its natural gas purchases from Russia by over 70% by 2023 [16] - Russia is redirecting its energy exports towards Asian markets, with India becoming the second-largest buyer of Russian crude oil, increasing its purchases nearly threefold since 2022 [18] Group 4: Challenges for the EU - While Norway and the US have become primary alternative sources for EU natural gas, the cost of US liquefied natural gas (LNG) is significantly higher than Russian pipeline gas [20] - Current LNG receiving capacity in Europe can only meet about 85% of demand, raising concerns about potential shortages during extreme weather or supply disruptions [22] - The EU's goal to reduce reliance on a single energy source is valid, but the execution presents challenges, including balancing costs and ensuring stable supply [22][24]

据了解，富储科能作为集团"3+3+3"战略下的产业新版块，依托富士康全球领先的精密制造与垂直整合 能力，构建以上海研发中心、武汉试制中心、郑州运营生产中心为核心的储能产业闭环，集研发、制 造、营销于一体，是全球领先的储能系统解决方案提供商。 来源：环球网 凭数十年制造经验，富士康在郑州航空港已建成储能生产基地，配备总面积达20000平方米的厂房、工 艺先进的Pack自动化产线，建立了从电池包到系统、从研发到运维的全生命周期安全防护体系，产品已 在多个园区落地项目，预计年均节省电费超千万元。 预计年均省电超千万元，年产能将达到3GWh的规模……10月21日，富士康旗下储能品牌"富储科能"在 郑州航空港举行富士康储能量产暨新品发布会，意味着富士康在河南再掷一枚重磅棋子。 据悉，富士康储能项目量产后，实现业务迈入规模化、产业化新阶段，年产能将达到3GWh的规模。这 不仅是富士康"3+3+3"战略的关键落子，更是一次向着"全球首个储能灯塔工厂"目标的实质性起跑。 据富士康新能源电池（郑州）有限公司营销总监谭来安介绍，郑州基地具备源网侧及工商业全场景产品 的生产能力，产品可广泛应用于科创园区、智能制造、数据中心、轨道交 ...

Core Viewpoint - Europe, heavily reliant on Russian natural gas, faced a "supply crisis" post-2022, leading to a significant reduction in imports and a surge in energy prices, prompting a shift towards offshore wind energy as a key component of energy sovereignty [2][7][35] Energy Transition Overview - In the early 2000s, Europe's energy transition was centered around natural gas, with its share in the energy mix nearing 25%, while wind and solar energy were less developed [4] - The Russia-Ukraine conflict exposed Europe's dependency on Russian gas, with imports dropping from 150.2 billion cubic meters in 2021 to 51.7 billion cubic meters in 2024, a reduction of nearly two-thirds [7] - Natural gas prices skyrocketed from approximately €20/MWh in 2021 to over €300/MWh in summer 2022, stabilizing between €30-35/MWh, indicating a shift towards local and stable energy sources [9][11] Renewable Energy Growth - In 2023, renewable energy generation in the EU reached approximately 44%, with fossil fuel generation dropping below one-third; wind energy surpassed natural gas for the first time [11][13] - By 2024, fossil fuel generation is expected to decrease to 28.9%, while solar and wind energy will see significant increases, marking a clear transition in the energy structure [14] Offshore Wind Energy Advantages - Offshore wind energy is emerging as a preferred alternative to natural gas due to its higher resource density, stable wind speeds, and better capacity factors compared to onshore wind and solar [16] - A 1GW offshore wind installation can replace approximately 0.8 billion cubic meters of natural gas annually, highlighting its potential impact on reducing gas imports [17] Economic Viability of Offshore Wind - The average cost of offshore wind energy is decreasing, with a projected cost of $0.079/kWh globally and $0.080/kWh in Europe for 2024, making it increasingly profitable [19] - Offshore wind energy has minimal fuel costs and low exposure to external fuel price fluctuations, providing a "de-risking" financial function for governments and households [22] Future Expansion Plans - The global offshore wind capacity is expected to reach 83.2GW by 2024, with Europe accounting for about 36GW, primarily led by the UK, Germany, and the Netherlands [24] - By 2030, Europe aims to increase offshore wind capacity to 111GW, nearly tripling current levels, with significant annual additions planned [30] Challenges to Development - The lengthy administrative processes and insufficient grid capacity pose challenges to offshore wind development, with project timelines often exceeding 7-11 years [27][33] - Financing pressures and supply chain risks are also significant, as the capital intensity of offshore wind projects is high, requiring around €3 billion per GW [33] Conclusion - Despite existing challenges, offshore wind energy has fundamentally changed its role in Europe, becoming a core asset for energy sovereignty, economic stability, and industrial transformation [35]

南都讯 记者王玮 发自苏州 10月22日，第七届未来能源大会在江苏苏州举行，本届大会以"新质变革·协 同未来"为主题。全球能源互联网发展合作组织主席、中国电力企业联合会理事长辛保安在会上发表主 旨演讲时表示，当今世界正经历百年未有之大变局，国际形势复杂多变，全球能源供需格局深刻调整， 产业链重构加速推进，世界能源体系正面临一场前所未有的系统性、根本性变革。 当前能源转型任务紧迫而艰巨。辛保安表示，2024年全球能源相关碳排放达378亿吨，占全球碳排放总 量的85%，再创历史新高。全球化石能源在一次能源结构中的占比仍达80%，较2010年仅下降2.8个百分 点。 为加快实现气候目标，2023年《联合国气候变化框架公约》第二十八次缔约方大会首次对《巴黎协定》 目标进展进行全球盘点，认为全球在减缓和适应气候变化方面取得了一定进展，但仍存在较大差距。各 国承诺到2030年将全球可再生能源装机容量增至三倍，达到110亿千瓦。然而截至去年底，全球可再生 能源总装机容量仅为约40亿千瓦。尽管去年全球可再生能源新增装机创历史新高，达5.8亿千瓦，但要 实现2030年目标，每年至少需新增装机10亿千瓦。 与此同时，2024年全 ...

Core Viewpoint - The European offshore wind industry faces significant challenges in meeting energy security and decarbonization goals due to mismatches in regulations and infrastructure, which need to be addressed promptly [1][3]. Infrastructure Bottlenecks - The current infrastructure for offshore wind energy in Europe is lagging behind the planned capacity expansions, with a need for an additional investment of at least €24 billion to support the 2030 target of 84 GW, and a total investment gap of €64 billion for sustainable development beyond 2030 [5][6]. - The upgrade cycle for ports typically takes 6 to 10 years, which does not align with the urgent pace of wind project development, exacerbating industry risks [5]. - There is a severe shortage of specialized vessels capable of installing large wind turbines, with fewer than 10 vessels available for 14-15 MW turbines, necessitating an additional investment of approximately €40 billion in the future [5]. Market Signals and Financing Challenges - Rising project investment costs and compressed profit margins have led to difficulties in financing and low returns, impacting investor confidence and project realization [8][10]. - The EU's proposed "three-party contract" mechanism aims to establish a long-term power purchase and price guarantee system to stabilize market expectations and attract corporate participation [10]. - The European Investment Bank has set up €6.5 billion in guarantees and €250 million in green manufacturing funds to support equipment manufacturing, port upgrades, and supply chain strengthening [10]. Industry Confidence and Policy Support - Despite challenges, the offshore wind sector is seen as a crucial driver for energy transition and industrial upgrades in Europe, with a need for stable market demand and a sound environment to unlock its potential [12]. - The EU is coordinating legislation and cross-border cooperation to provide a more certain policy environment, including unified capacity planning standards and collaborative development in key maritime areas [13]. - The growth potential for offshore wind in Europe remains promising, with fixed offshore wind continuing to dominate in Northern Europe and floating offshore wind emerging as a new growth area in Southern Europe and the Mediterranean [13].

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：鑫椤锂电 10 月 13 日，富士康储能发布公告，为加快储能行业布局， 将原有储能品牌"富锐新能"更名为"富储科能"， 以更清 晰的定位、精准的服务聚焦储能赛道。同时，正式宣布自己将在 10.21 日于郑州发布全新的储能产品。 从昨天发布的产品来看，针对大储和工商储，富储科能共发布了三款新品，分别是大储：能量巨兽 -9370kWh 、模块 化储能系统：组串分布式 -4320kWh 以及工商储： AIO-261kW/562kWh 。 大储产品：能量巨兽-9370kWh 从产品参数上看，能量巨兽 -9370kWh 箱体尺寸为 20 尺 ，单箱体容量规模高达 9.37MWh 。除了上个月比亚迪的 "比亚迪储能浩瀚"在 20 尺容积能做到 10MWh 外，该款产品是市场上单体容量最大的集装箱之一。 20 尺的大小会 为国内外运输提供便利， 9.37MWh 的容量意味着更低的度电成本，具备很强的产品竞争力。 此外，该产品采用富士康独家的 " CTR+ 巧叠技术 "，与目前主流的 5MWh 集装箱相比，能量密度提升 87 ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

文 | 海博思创 2025年10月，全球领先的储能系统解决方案与技术服务提供商海博思创在菲律宾市场实现双喜 临门。 公司于10月10日正式启用位于马尼拉BGC金融区的办公室，并于一周后的10月17日成功签署服 务于当地市场的 185MWh大型储能系统项目 。 海博思创菲律宾子公司坐落于马尼拉核心商务区的菲律宾证券交易大厦，其成立旨在成为辐射东 南亚区域的运营枢纽。 随着新办公室的开业，公司在该国的首个突破性大型储能项目也实现成 功签约， 充分体现了公司的市场竞争力与品牌影响力。 在项目签约仪式上，客户方高度评价了该项目对菲律宾能源转型和增强电网稳定性的重要意义。 海博思创国际业务高级副总裁邱长斌 先生表示： " 我们非常荣幸能凭借领先的技术实力与丰富 的全球项目经验，为客户提供可靠的储能解决方案。此次成功签约，是海博思创综合实力的体 现，也是我们与本地伙伴建立长期战略合作的起点。 " 此次中标 185MWh 项目，充分印证了海博思创在大型储能领域的综合实力已获得当地市场的认 可。 海博思创拥有 14 年行业经验， 全球参与储能项目超过 300 个，累计装机容量超 40GWh 。 凭借深厚的技术积淀与成功的国际 ...

（来源：江苏现代能源微网） 两个"1/3"、一个"1/5"，向世界宣告了我国在能源转型方面取得的不凡成就。2024年，全国发电量超10万亿千瓦时，占全球总发电量的1/3，能源生产总量 折合约50亿吨标准煤，占比超全球1/5；全社会每消费3度（千瓦时）电，其中就有1度源自太阳能、风能等清洁能源。 来源：市场资讯 能源，被喻为"工业的粮食"，是我国推进碳达峰碳中和的重要战场。"十四五"以来，我国建成了全球规模最大的电力基础设施体系，构建起全球最大、发 展最快的可再生能源体系，能源供给能力不断提升、结构持续优化。以"逐绿向新"为重要特点，这5年，我国能源转型跑出"加速度"。 国家能源局局长王宏志透露，"十四五"以来，我国能源事业取得突破性进展和历史性成就，"十四五"规划纲要提出的能源综合生产能力和非化石能源占比 等主要指标将如期完成，"我国成为世界能源转型的重要推动者"。 底色越来越"绿" 可以说，"十四五"时期是我国能源绿色低碳转型最快的5年。 一组来自国家能源局的数据印证了变化："十四五"开局以来，我国的能源消费中，非化石能源占比每年增加1个百分点，煤炭的占比则每年减少1个百分 点。华电集团绿色金融研究中心首席 ...

Summary of Key Points from the Conference Call Industry Overview - The report provides an outlook on key commodities including gold, oil, copper, and aluminium, indicating a pause in gold prices while maintaining a bullish medium-term outlook for copper and aluminium, as well as oil prices projected to stabilize around $60 per barrel by 1Q'26 [1][4][5]. Core Insights and Arguments - **Gold Price Forecast**: The near-term target for gold is set at $4,000 per ounce, down from a current spot price of $4,250 per ounce. This adjustment is based on expectations of a potential end to the US government shutdown and developments in US-China relations [5][10]. - **Oil Market Dynamics**: The Brent crude oil price is expected to average around $60 per barrel in early 2026, influenced by factors such as China's stockpiling and OPEC+ revenue needs. A potential end to the Russia-Ukraine conflict could lead to a price drop to $50-55 per barrel before OPEC+ intervenes [4][13]. - **Copper and Aluminium Outlook**: Medium-term bullish forecasts for copper and aluminium suggest prices could reach $12,000 per tonne (approximately 15% upside) and $3,500 per tonne (approximately 25% upside) respectively over the next 6-12 months. This is driven by structural energy transition and AI trends, alongside expectations of a cyclical growth rebound [4][5]. Additional Important Insights - **Market Sentiment and Wealth Rebalancing**: There is a potential bearish sentiment surrounding gold due to the possibility of wealth shifting out of gold as market fears subside. A small rebalancing of profits from gold stockpiles could significantly impact supply dynamics, potentially doubling gold mine supply [10][11]. - **Inflation and Interest Rates**: The report notes that a dovish Federal Reserve stance, particularly under new leadership by mid-2026, could support a bull market for copper and aluminium, as lower real interest rates and improved growth expectations are anticipated [4][5]. - **Investment Strategy Recommendations**: Investors are advised to consider building bullish positions in copper and aluminium to capitalize on expected price increases, while also being cautious of potential shifts in gold demand due to changing market conditions [4][5]. Conclusion - The conference call highlights a complex interplay of factors affecting commodity prices, with a cautious yet optimistic outlook for copper and aluminium, a stabilizing oil market, and a nuanced perspective on gold influenced by broader economic conditions and market sentiment [1][4][5].