近年来，国网福建省电力有限公司加快推进新型电力系统省级示范区建设，在建设坚强主干网、提升系统调节能力上持续发力，全面提升电网资源配置能 力，服务能源绿色低碳发展。 建强主干电网绿电"送得出" 清新福建，绿能奔涌。"十四五"以来，福建省以约占全国3%的人口、1.3%的土地、3%的能耗，创造了全国4.3%的经济总量。高颜值生态与高质量发展同 频共振的背后，离不开清洁能源的有力支撑。 截至2025年底，福建全省电源装机容量首次突破1亿千瓦，达10049万千瓦。其中，清洁能源装机占比达65.8%。 元旦期间，位于福建龙岩的闽赣联网工程汀州500千伏变电站建设现场一片繁忙，近150名电网建设者坚守岗位，加快推进工程建设。该工程投运后，将实 现闽赣电网互联互通，助力两省能源资源优化配置和清洁能源高效开发利用。 山海相拥的福建，独特的区位优势、能源禀赋造就了全类型电源协同发展的能源格局。 电网是能源转换利用和输送配置的枢纽平台。国网福建电力坚持"三大三先"(三大：即东南清洁能源大枢纽、高能级配电网大平台、闽电数智大生态)目标 愿景，加快建设北连长三角、南接粤港澳、西通华中腹地的电力枢纽，支撑大规模清洁能源消纳送出。 闽粤联 ...

未来，南方电网公司将持续深化市场机制创新，以虚拟电厂技术标准体系完善和战略地图系列项目实施为牵引，持续深耕虚拟电厂"可观、可测、可控、 可调"和"物理可信、信息可信、价值可信"实用技术，扩大虚拟电厂参与市场规模，让海量分布式资源充分激活，为清洁低碳、灵活智能的新型电力系统 建设提供坚实支撑，助力能源转型高质量发展。 首批虚拟电厂正式参与南方区域电力现货市场交易 来源：南网50Hz 2025年12月29日，南方区域电力现货市场首批发电类虚拟电厂正式入市交易。 此次入市的虚拟电厂涵盖广东深圳、佛山、中山等地共5家调度单元，聚合分布式光伏等资源总容量约33兆瓦，以"报量报价"模式参与日前、实时现货市 场优化出清。南方总调统筹完成管理制度体系建立及技术系统升级优化，经历数日的模拟出清和调电试运行后，确保虚拟电厂优化出清结果正确、价格信 号合理。 发电类虚拟电厂参与区域现货市场后，分布式光伏等分散资源从电网"被动管理对象"转变为主动响应的"市场主体"。作为南方区域现货市场的全新参与 者，虚拟电厂的入市完善了市场主体结构，构建了"源荷互动、供需协同"的市场新生态。其打通的分布式资源市场化路径更为后续负荷类虚拟电厂入市积 ...

Group 1 - The report from China Post Securities indicates that by December 31, 2025, the National Development and Reform Commission and the National Energy Administration will promote high-quality development of the power grid, with the "West-to-East Power Transmission" scale exceeding 420 million kilowatts by 2030, and an additional inter-provincial power exchange capacity of around 40 million kilowatts, supporting renewable energy generation to account for approximately 30% [1] - The report emphasizes the need for the integration of main and distribution networks in the new power system, suggesting an open attitude towards various technologies for high proportions of renewable energy consumption, while advocating for increased investment in the power grid [1] - The report highlights the importance of balancing safety and efficiency in the power grid, with a focus on enhancing transmission efficiency and economic viability while maintaining reasonable planning and construction rhythms for transmission channels [2] Group 2 - The report outlines the necessity for advanced planning of distribution facilities, indicating that the distribution network must evolve into a bidirectional interactive system, which is crucial for supporting distributed renewable energy and improving asset utilization [2] - It discusses the role of smart microgrids in reducing the complexity of flow calculations and their potential to minimize impacts on the grid, while stressing that overall safety must remain a priority [2] - The report recommends focusing on companies such as Guodian NARI (600406.SH), Sifang Co., Ltd. (601126.SH), Guodian Nanzhong (600268.SH), and Jinzhitech, as they align with the trends of grid safety and renewable energy consumption [2]

证券研究报告：电力设备|点评报告 行业投资评级 强于大市 |维持 行业基本情况 | 收盘点位 | | 10088.23 | | --- | --- | --- | | 52 | 周最高 | 10950.05 | | 52 | 周最低 | 6107.84 | 行业相对指数表现（相对值） 2024-12 2025-03 2025-05 2025-08 2025-10 2025-12 -14% -7% 0% 7% 14% 21% 28% 35% 42% 49% 电力设备 沪深300 资料来源：聚源，中邮证券研究所 研究所 分析师:苏千叶 SAC 登记编号:S1340525110004 Email:suqianye@cnpsec.com 分析师:杨帅波 SAC 登记编号:S1340524070002 Email:yangshuaibo@cnpsec.com 分析师:盛炜 SAC 登记编号:S1340525120008 Email:shengwei@cnpsec.com 近期研究报告 《国家发改委修定输配电成本监审和 定价办法，我们预计明年整体进入过渡 期——适应"拍卖"机制》- 2025.12.01 电网投资进一步加 ...

近日，记者从中国电科院系统所获悉，该院牵头研发的"新型配电网高可靠保护"科技成果突破多源 协同、故障自愈等核心难题，构建起覆盖多场景的配电网保护技术体系，为新型电力系统建设筑牢安全 防线。 随着分布式电源大规模接入，传统配电网正向多源化、复杂化转型，电网故障特征发生深刻变化， 导致故障辨识难、处置慢等问题。为破解这一行业痛点，在团队负责人杨国生带领下，中国电科院联合 天津大学、山东大学、国网北京电力、南瑞继保、北京四方等产学研用多家单位历经十年攻关，依托重 大项目支持，取得三大核心突破：创新分布式电源自适应保护与控制协同技术，研发复杂拓扑线路高速 保护与恢复技术，攻克复杂非线性高阻接地故障灵敏辨识难题。 该成果实现配电网故障百毫秒级隔离与供电恢复，成功解决百毫安级微弱电流故障辨识难题。截至 目前，该成果已形成39项专利、41篇论文、6项标准及1部专著。基于该成果研制的13类新型保护设备在 30个省（区、市）的10（20）kV配电系统中应用超13万台，广泛服务电力、钢铁、轨道交通等行业， 部分设备已出口至海外12个国家。 作为新型电力系统安全运行的关键技术支撑，该成果不仅保障了首都及全国供电可靠性，更推动了 电 ...

Core Insights - The Hainan 500 kV main grid project and the Boao Zero Carbon Demonstration Zone have been selected as part of the "Top Ten Super Projects of Central Enterprises for 2025" by the State-owned Assets Supervision and Administration Commission [2] Group 1: Hainan 500 kV Main Grid Project - The project is set to be fully operational by December 15, 2025, and is a key initiative under the national "14th Five-Year" power development plan [2] - It aims to enhance energy security and support the development of a new power system, providing a robust backbone network for clean energy development and digital economy growth [2] - The project will create a "口" shaped main grid covering the entire Hainan province, significantly improving resource optimization and risk resilience of the local power grid [2] - It will facilitate the safe delivery and high proportion consumption of clean energy sources such as nuclear, solar, and wind power [2] - The project incorporates digital twin technology to serve as a model for building a green, low-carbon, and efficient modern energy system [2] Group 2: Boao Zero Carbon Demonstration Zone - The Boao Zero Carbon Demonstration Zone was officially renamed in March 2025 and is recognized as China's first region to achieve overall zero carbon operation through renovation [3] - The project, led by China Ocean Shipping Group, covers 190.15 hectares on Dongyu Island and includes 18 sub-projects focused on green building renovation, renewable energy utilization, and green transportation [3] - Since 2024, the group has implemented measures to eliminate the remaining 3.8% carbon emissions in the area, achieving zero carbon operation and setting a standard for replicable models [3] - The demonstration zone has reached "international first-class, domestic leading" levels, providing a "Chinese solution" for global regional zero carbon goals [3]

转自：新华社 图为敦煌国际会展中心同塔四回线路。新华社发 "敦煌市实现全域全年绿电供应后，将为甘肃省新能源综合示范区建设起到示范引领作用，对丝绸之路沿线城市发展可再生能源提供借鉴，并 对西部地区能源结构调整、区域协调发展提供参考。"苟健说。 责任编辑：曹旭 新华社兰州1月5日电（记者 王紫轩）记者日前从甘肃省敦煌市政府、国网敦煌市供电公司获悉，2025年敦煌市电源总装机容量达434万千瓦， 全部为风、光、水等可再生能源。敦煌市首次实现全年全域绿电供应。 国网敦煌市供电公司指挥中心主任苟健介绍，2025年，敦煌市新能源发电40亿千瓦时，本地消纳7.49亿千瓦时，剩余32.51亿千瓦时通过"西电 东送"骨干工程送往湖南。 近年来，甘肃全力推动构建新型电力系统和新型能源体系，加快建设陇电外送通道。截至目前，敦煌市共有1座750千伏、5座330千伏、13座 110千伏变电站，构建起覆盖全域、衔接顺畅的新能源外送及就地消纳电网框架，实现绿电"发得出、送得走、用得好"。 绿电是在生产过程中二氧化碳排放量为零或趋近于零的电力，主要来源为太阳能、风力等可再生能源。甘肃省风、光资源富集，生产绿电具备 先天优势。"十四五"以来， ...

（文章来源：人民日报） 本报昆明1月5日电 （记者杨文明、通讯员王宇）记者从南方电网云南电网公司获悉：随着近日位于云 南省曲靖市马龙区的国易储能电站正式投运，云南新型储能总装机容量突破600万千瓦，规模跻身全国 前列。"十四五"以来，云南积极推进新型电力系统示范区建设，截至目前已累计并网投产75个储能项 目，形成多元化、规模化的储能布局。目前，云南新型储能利用小时数居全国前列。 ...

Core Viewpoint - The article emphasizes the importance of electricity in building a strong energy nation, highlighting the need for a comprehensive strategy that prioritizes electricity to support economic and social development [2][3]. Group 1: Development Position of Electricity in Energy Nation - High-quality development of electricity lays a solid foundation for building a strong energy nation, with significant achievements since the 18th National Congress, effectively meeting the growing electricity needs of the population [4]. - National electricity consumption is expected to exceed 10 trillion kilowatt-hours by 2025, with installed capacity reaching 3.79 billion kilowatts, surpassing the total of G7 countries [4]. - The electricity supply system has diversified, with a clean energy supply structure formed by coal, gas, nuclear, and renewable energy sources, and the "West-East Power Transmission" capacity reaching 340 million kilowatts [4]. Group 2: New Power System as a Key Pathway - The new power system is essential for building a strong energy nation, with a clear trend towards electrification in energy production and consumption, where electricity accounts for about 50% of primary energy consumption [5]. - By 2060, it is anticipated that non-fossil energy consumption will exceed 80%, with electricity's share of primary energy consumption reaching around 80% [5]. - The new power system will enhance energy self-sufficiency and facilitate global energy governance, aligning with the goals of building a strong energy nation [5]. Group 3: Promoting Electricity First - The electricity sector has maintained a high investment growth rate, which is crucial for adapting to complex changes in the development environment and supporting the construction of a strong energy nation [6]. - There is a need to proactively plan major projects that represent new electricity production capabilities and accelerate the development of emerging industries in the electricity sector [6]. - Internationally, efforts should be made to promote the mutual recognition of China's renewable energy green power certificates and enhance the competitiveness of export-oriented industries in green development [6]. Group 4: New Responsibilities of Electricity in Energy Nation Construction - The focus is on building a new power system by 2030, enhancing electricity security, and ensuring a robust supply of clean electricity from both non-fossil and traditional energy sources [7]. - The construction of a new grid platform that integrates main and distributed microgrids will enhance the intelligent scheduling capabilities of the grid [8]. - The development of renewable energy bases and the promotion of new energy technologies are essential for achieving annual increases of over 200 million kilowatts in renewable energy generation capacity [8]. Group 5: Enhancing International Influence - The establishment of a unified national electricity market and the improvement of market-based pricing mechanisms are crucial for stabilizing electricity prices and encouraging investment [9]. - Efforts should be made to enhance the international recognition of China's green electricity certification standards and to expand overseas investments in green electricity projects [9]. - The article calls for the development of a comprehensive overseas electricity service system to meet the green development needs of countries involved in the Belt and Road Initiative [9].

国家发展改革委、国家能源局发布关于促进电网高质量发展的指导意见，其中提出，加大电网投资力 度。落实国家重大战略部署，适度超前、不过度超前开展电网投资建设，加大存量电网改造升级力度， 保障新型电力系统建设。鼓励符合条件的民间资本参与电网投资建设。优化电网企业投资经营考核管理 机制。 诚通证券认为，全球电网投资持续增长，以应对全球风光发电占比持续提高对电网的冲击，预计全球电 网投资将保持长期景气。发电侧方面，受益于风电、光伏行业的快速增长，全球电源端投资近几年增速 显著快于电网端投资，一方面提升了并网升压设备需求，另一方面电网需要加大投入以应对风光发电占 比提升带来的冲击。电网侧方面，发达经济体电网设备老旧，超过20年使用年限设备占比高，更新换代 需求迫切。国内电网设备公司将受益于电网投资增速中枢上移，同时海外出口业务有望保持稳定增长。 东莞证券认为，当前我国智能电网、西电东送、城乡电网改造等重要项目都需要大量的电网设备，并提 出了新的要求，高效、节能、环保的变压器将成为未来市场的主流，电源电网的转型升级为我国的电网 设备制造业创造了巨大的发展机遇。 ...