Core Insights - The policy shift towards dual control of carbon emissions is fundamentally changing the asset attributes and commercial return models of distributed photovoltaics, providing dual value beyond electricity itself: direct economic benefits from electricity cost savings and additional financial gains from carbon asset appreciation [1][3] - The national carbon trading market is expected to show unprecedented vitality in 2024, with trading volumes and values reaching historical highs, and carbon prices stabilizing at a high level of 97.49 yuan/ton by the end of 2024 [1][2] Distributed Photovoltaics in High Energy Consumption Industries - High energy-consuming industries such as steel, chemicals, and non-ferrous metals are facing tightening carbon emission quotas, making the installation of distributed photovoltaics a necessity rather than an option [3] - These industries can utilize their extensive rooftop resources to build photovoltaic power stations, which is the most direct and economical way to reduce carbon emissions [3] Innovations in Photovoltaic Applications - The combination of "photovoltaics + energy storage" and "photovoltaics + virtual power plants" is key to overcoming the bottleneck of electricity consumption and enhancing project value [4] - "Photovoltaics + energy storage" allows excess daytime electricity to be stored and used during peak hours, maximizing the utilization of rooftop resources and generating additional economic benefits [4] - "Photovoltaics + virtual power plants" aggregates distributed resources to provide grid support and create new value, transforming distributed photovoltaics into active grid-supporting resources [4] Scene-based Development of Photovoltaics - Photovoltaics are rapidly penetrating various sectors, creating new value forms through deep integration with different scenarios [5][6] - Applications include "photovoltaics + buildings" (BIPV), "photovoltaics + transportation" (charging stations), "photovoltaics + agriculture" (dual-use land), and "photovoltaics + municipal services" (reducing operational costs in public facilities) [6][7] Refinement in Household Photovoltaics - The household photovoltaic market is transitioning from explosive growth to a new development stage focused on refined operations, emphasizing high-quality service throughout the entire lifecycle [8] - Companies that can provide comprehensive, high-quality, and digital solutions will establish a strong brand moat in both existing and emerging markets [8] Future Outlook - Distributed photovoltaics will become a standard for corporate energy transformation, essential for cost reduction, compliance, and value addition in a future with increasingly stringent carbon constraints [9]