Core Viewpoint - Morgan Stanley highlights an unprecedented expansion cycle in AI data centers, emphasizing the integration of renewable energy supply and infrastructure, as exemplified by Alphabet's acquisition of Intersect Power, which focuses on securing clean energy before attracting major clients [1][6]. Group 1: Investment Opportunities - Morgan Stanley sets mid-term investment targets for data centers at $20 billion and $40 billion, indicating strong capital expenditure in this sector [1]. - The stock market shows a significant increase in the iShares Global Clean Energy ETF, with a 47% rise in 2025, driven by strong performances from companies like Bloom Energy and First Solar [2]. - Morgan Stanley identifies structural growth opportunities in renewable energy infrastructure, suggesting that high-quality, cash-flow-visible assets are now attractive for investment [6][7]. Group 2: Market Dynamics - The demand for clean energy is expected to surge due to the increasing power needs of AI training and inference systems, alongside global climate change pressures [3]. - The report notes that the demand for renewable energy is being driven by the AI data center's electricity needs, which are projected to grow significantly [11]. - Morgan Stanley emphasizes that the modernization of the grid, energy storage, and co-location models will be critical breakthroughs for renewable energy systems [6]. Group 3: Company Strategies - Google plans to mobilize $20 billion for renewable energy investments by 2030 and aims to invest approximately $40 billion in Texas for new AI data center campuses [6]. - Companies like Amazon and Microsoft are also pursuing similar renewable energy investment strategies to meet their clean power requirements [6]. - Morgan Stanley recommends overweight positions in leading renewable energy infrastructure stocks such as Brookfield Renewable and Clearway Energy, which are expected to benefit from the growing demand for clean energy [9][7]. Group 4: Cost Competitiveness - The International Renewable Energy Agency (IRENA) reports that the majority of new renewable projects in 2024 will be cheaper than fossil fuel alternatives, making renewables the preferred choice for expanding AI-related power needs [12]. - The cost of solar and wind energy continues to decline, positioning these sources as primary options for meeting the electricity demands of AI data centers [12]. - UBS analysts note that the demand for utility-scale solar projects in the U.S. is outpacing supply, driven by the construction of AI data centers aiming for 100% clean energy [12].

Group 1: Renewable Energy - In the first three quarters of 2025, China's renewable energy generation reached 2.89 trillion kilowatt-hours, a year-on-year increase of 15.5% [2] - Wind and solar power generation totaled 1.73 trillion kilowatt-hours, growing by 28.3% year-on-year, accounting for 22% of total electricity consumption [2] - The combined generation from wind and solar exceeded the total increase in national electricity consumption by 241 billion kilowatt-hours [2] Group 2: Aerospace Industry - By December 24, 2025, China completed 87 space launches, with 23 conducted by private commercial rocket companies [3] - China has conducted over 10 vertical landing recovery tests and 2 sea splash recovery tests, making it the country with the most rocket recovery solutions globally [3] Group 3: Infrastructure Development - The national comprehensive three-dimensional transportation network's main framework has been completed by over 90% [4] - It is projected that by 2025, transportation fixed asset investment will exceed 3.6 trillion yuan, with over 2,000 kilometers of new high-speed railways and approximately 8,000 kilometers of new highways [4] - The construction of the Tian Mountain Victory Tunnel has been completed, enhancing transportation infrastructure [4] Group 4: Bridge Construction - The completion of the Li River Grand Bridge has established a monitoring network for large bridges, incorporating 696 bridges, making China the country with the most bridges [5] Group 5: Island Construction - The "island-building fleet" has created over 1,000 square kilometers of new land, with operations in various locations including Shanghai and overseas in over 15 countries [6] Group 6: Robotics Industry - In the first eight months of 2025, the financing amount in China's robotics sector reached 38.624 billion yuan, 1.8 times that of the entire year of 2024, with over 150 humanoid robot companies existing [7] - The robotics industry is growing at an annual rate exceeding 50%, with the market expected to reach 100 billion yuan by 2030 [7] Group 7: Nuclear Fusion Research - The "International Scientific Program on Burning Plasma" was officially launched in Hefei, with the BEST research plan for compact fusion energy devices also announced globally [8] - The EAST superconducting tokamak device has become an important platform for international fusion research, collaborating with over 120 research institutions from more than 50 countries [8] Group 8: Transportation Infrastructure - The completion of the Xiamen-Jinmen Bridge will create a new integrated transportation network connecting Xiamen International Airport and the Xiamen-Jinmen shipping route, significantly contributing to cross-strait development [9]

国信证券指出，多家磷酸铁锂企业近期公告进行产线检修，包括湖南裕能、万润新能、德方纳米、 安达科技等，预计减产规模在0.3-3.5万吨，检修时间约一个月。碳酸锂价格持续走高，本周末价格为 11.19万元/吨，较两周前上涨1.74万元/吨。同时，三元正极、磷酸铁锂正极、湿法隔膜报价均上涨，电 芯价格也有所上行。固态电池产业化加速推进，欣旺达动力与中伟股份签署固态电池战略合作框架协 议，美国Quantum Scape与全球前十汽车制造商签署联合开发协议。锂电产业链大单不断，宁德时代与 岚图签署十年深化合作协议，并与思源电气签署3年50GWh储能合作备忘录。欧洲新能源车销量保持较 好增长，11月欧洲九国新能源车销量同比+41%，渗透率达34.6%。国内新能源车销量同比+21%，渗透 率53.2%。 创业板新能源ETF国泰（159387）跟踪的是创新能源指数（399266），日涨跌幅限制达20%，该指 数从市场中选取涉及可再生能源、清洁能源技术及设备制造等领域的创新企业证券作为指数样本，以反 映新能源领域内具有技术优势和可持续发展潜力企业的整体表现。 每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人 ...

文|索米妮・森古普塔 开普敦牙医伊斯梅特・布利几年前遭遇了一桩棘手事：患者如约前来就诊，诊所却频频停电。 中国光伏板价格如今亲民至极，企业与家庭争相抢购，大幅削减电费支出，也对公用电力企业形成冲 击。 开普敦郊区上演的这一幕，正复刻于工厂、商场、牙科诊所、金矿及各类商户之中。 一停电，拍不了牙片、做不了补牙、开展不了根管治疗。"我根本没法接诊。" 布利医生说。 如今，布利医生这样的南非民众，终于找到了应对停电的良方 —— 这一难题已困扰发展中国家多年。 得益于中国产光伏板和蓄电池价格骤降，他们开始用上了太阳能供电。 这早已不是早年乡村地区只能点亮一盏灯、带动一台电视的小型老式太阳能灯。如今，光伏储能系统走 进了各行各业：汽车制造厂、酒庄、金矿、大型商场，全方位改变着南非这个非洲最大经济体的日常生 活、商贸与工业发展。 这场变革的速度令人惊叹：2019 年时，太阳能发电在南非几乎为零，如今其装机容量已占到全国发电 总装机的约 10%。 能源变局：中国发力主导清洁能源赛道 全球未来能源之争正酣，中国一骑绝尘。 中国向世界输出清洁能源，美国则主推油气资源，两国的举措均源于国家安全考量。 南非民众不再完全依赖百年来支 ...

中国用美国技术砸穿能源格局！全球80%太阳能板"中国造"背后藏着怎样的阳谋？ 【前言震撼】当《科学》杂志2025年度突破奖颁给"可再生能源崛起"时，没人料到会引发一场价值万亿美元的能源革命——美国实验室诞生的技术，竟被中 国做成全球垄断的超级产业！这场被顶刊怒赞的能源战局，藏着多少颠覆认知的底层逻辑？ 技术基因双雄记 深入产业链细看，中国"弯道超车"的密码藏在三个维度：规模效应、技术迭代、政策定力。以光伏产业为例，中国多晶硅产量占全球70%，硅片产量占比 96%，组件产量占比76%——这种全链条掌控让任何国家都无法绕开"中国制造"。更关键的是技术迭代速度：中国光伏组件效率每年提升0.5%，成本每年下 降10%，这种"双螺旋"进步让竞争对手望尘莫及。 政策定力同样惊人。当欧洲各国还在补贴与碳税间摇摆时，中国已建成全球最大可再生能源发电体系——2025年光伏装机容量突破400GW，风电装机容量 达350GW，均居世界第一。这种"先立后破"的战略定力，让中国在能源转型中占据绝对主动权。 1954年贝尔实验室敲开光伏大门时，美国人或许想不到七十年后中国会成为全球80%太阳能电池的"超级工厂"。硅太阳能电池发明权归美国 ...

来源：钛媒体APP ▎不同的能源体系和发展路径，将对中美AI发展产生决定性影响。 文｜飞向TAI空 作者｜胡珈萌 本文首发于钛媒体APP 这场对话主要关乎AI用电的现状，人工智能与能源未来可能的形态，还涉及智能时代的本质、中美AI竞赛、数据中心建设趋势、"AI+能源"投资机会等， 既宏观，又实际。张雷也没有让探讨停留在某种能源形态或AI形态上，话题时而聚焦一时一地，时而展望人类未来，有时会转移到物理学阵地，有时又 会深入哲学层面。 在他看来，智能本身就是一种能量现象。根据热力学第二定律，宇宙趋向无序，而创造任何局部有序——无论是建筑城市还是训练大模型——都需要消耗 能量。因此，"超级智能"必然需要"超级能量"来支撑。文明的跃迁，从碳基生命到硅基智能，底层始终是能量获取与组织方式的进化。 这似乎也为当前引发广泛关注的"AI缺电"话题提供了新的解读角度：或许，是AI打开了人类想象力的闸门，示意当前能量量级与未来那个宏伟的智能时代 间的巨大差距，受此驱动，人类将做出巨大努力，用更多的能量来"喂饱"人工智能。 虽然很难弄清楚人工智能是否真有此打算，但人们的"缺电焦虑"却其来有自。 作为全球知名能源企业的创始人和掌舵人 ...

H E N G X I N T E C H N O L O G Y L T D. 亨 鑫 科 技 有 限 公 司 * （以 HX Singapore Ltd. 名稱在香港經營業務） （於新加坡共和國註冊成立的有限公司） (香港股份代號：1085) 自願公告 近期業務發展 本公告乃自願作出，旨在讓亨鑫科技有限公司（「本公司」，連同其附屬公司 統稱為「本集團」）股東及潛在投資者知悉本公司之最新業務發展。 青海省德令哈 35 萬千瓦光熱發電示範（試點）項目擬投資建設 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公司董事會（「董事會」）欣然宣佈，本公司的間接非全資附屬公司青海眾 控太陽能發電有限公司（「青海眾控」）擬投資的「德令哈 35 萬千瓦光熱發電 示範（試點）項目」（「350MW 光熱電站」）已具備開工條件。 本公司將通過青海眾控於青海省德令哈投資建設 35 萬千瓦光熱電站的項目 （「本項目」）。於二零二五年十二月二十二日，青海眾控接獲國網青海省電 ...

Core Viewpoint - Samsung SDI is undergoing a significant strategic shift by signing a new contract worth over 2 trillion KRW (approximately 9.68 billion RMB) to supply square lithium iron phosphate (LFP) batteries for energy storage systems in the U.S. market, transitioning its electric vehicle battery production lines to energy storage battery production lines by 2027 [2]. Group 1 - Samsung SDI has signed an agreement to supply LFP batteries for energy storage systems to U.S. customers, with a contract value exceeding 2 trillion KRW, starting deliveries in 2027 over a three-year period [2]. - The production of energy storage system battery cells will commence at Samsung SDI's facility in Indiana, which is being repurposed from electric vehicle battery production to LFP energy storage battery production [2]. - The new battery products will be integrated into the second generation of Samsung Battery Box (SBB 2.0), offering high performance, enhanced safety, and competitive pricing to support stable power supply in the renewable energy and AI era [2]. Group 2 - Samsung SDI is currently the only non-Chinese manufacturer of square batteries in the U.S., utilizing hard aluminum shell packaging that provides better resistance to external impacts and lower heat generation compared to common soft-pack cells [3]. - In November, Samsung SDI was reported to be in discussions with Tesla regarding battery supply, with indications that an agreement may lead to the supply of approximately 10 GWh of energy storage system batteries annually for at least three years, potentially exceeding 3 trillion KRW (around 15 billion RMB) in total procurement value [6]. - Samsung SDI has at least two major factories in North America, one in partnership with Stellantis in Kokomo, Indiana, expected to start production in 2025 with an initial capacity of 23 GWh, and another in New Carlisle, Indiana, in partnership with General Motors, projected to begin large-scale production in 2027 with a capacity of 27 GWh [6].

【文/观察者网 王一】在全球人工智能（AI）竞赛进入白热化的当下，各国都在想方设法"找电"，布局 风电、核电、太阳能发电等。然而，美国《华尔街日报》12月28日注意到，一个让所有人都未意料到的 瓶颈悄然浮现：老旧的电网设施无力承载新增的电力负荷。 国际能源署数据显示，过去十年间，全球电力生产投资激增近70%，达到每年1万亿美元，但年度电网 建设支出仅增长至4000亿美元。 报道称，在美国，老旧的输电线路被认为是阻碍新能源项目推广的罪魁祸首；在欧洲，西班牙4月发生 的大范围停电事故，凸显出电力系统剧烈波动可能造成的系统崩溃；而与之形成对比的是，中国大力推 进特高压输电线路建设，为其在AI竞赛中占据优势提供了重要助力。 在所有国家中，美媒称，英国的经历堪称一则警示案例。该国已建成大规模的风光发电网络，可再生能 源发电量占比超过了世界上大多数国家和地区，但遗憾的是，英国并未同步建设能够输送这些清洁能源 的输电线路。 上世纪60年代，冰箱和洗衣机的普及极大地刺激了电力需求，当时英国大量投入电网建设。但自那以 后，该国就再也没有对电网进行过大规模的升级改造。 如今，英国启动耗资巨大的电网建设计划，这关乎其能否借AI发展 ...

"人工智能，或许就是能量找到了自主意识。" 12月18日，在钛媒体2025 T-EDGE全球对话「赵何娟 Talk」（Jany Talk）最新对话中，远景科技集团董事长张雷抛出了自己对AI的独特理解。 这场对话主要关乎AI用电的现状，人工智能与能源未来可能的形态，还涉及智能时代的本质、中美AI竞赛、数据中心建设趋势、"AI+能源"投资机会等，既 宏观，又实际。张雷也没有让探讨停留在某种能源形态或AI形态上，话题时而聚焦一时一地，时而展望人类未来，有时会转移到物理学阵地，有时又会深 入哲学层面。 在他看来，智能本身就是一种能量现象。根据热力学第二定律，宇宙趋向无序，而创造任何局部有序——无论是建筑城市还是训练大模型——都需要消耗能 量。因此，"超级智能"必然需要"超级能量"来支撑。文明的跃迁，从碳基生命到硅基智能，底层始终是能量获取与组织方式的进化。 这似乎也为当前引发广泛关注的"AI缺电"话题提供了新的解读角度：或许，是AI打开了人类想象力的闸门，示以当前能量量级与未来那个宏伟的智能时代间 的巨大差距，受此驱动，人类将做出巨大努力，用更多的能量来"喂饱"人工智能。 虽然很难弄清楚人工智能是否真有此打算，但人们 ...