Group 1: Business Performance - The company's oil-saving business revenue decreased by 12.71% in 2024, primarily due to stable demand for plasma ignition projects [2] - The environmental protection business declined significantly, influenced by low industry demand and limited investment capacity for environmental upgrades [2] Group 2: Policy Impact - The implementation of the "New Generation Coal Power Upgrade Special Action Implementation Plan" will affect coal power energy-saving renovations, promoting carbon reduction and flexibility improvements [3] - The plan encourages the expansion of coal power energy-saving renovations into smart and digital fields, providing broader business development opportunities for service providers [3] Group 3: Project Updates - The main revenue from the ammonia-mixed combustion business in 2024 came from the 600MW coal-fired boiler project at Guoneng Taishan Power Plant, which achieved partial acceptance [4] - The ammonia-mixed combustion technology is still in the research and engineering verification stage, requiring further optimization in technology, fuel costs, carbon reduction benefits, and national policies [5] Group 4: Growth Factors - The rapid growth of comprehensive energy-saving renovations is driven by the company's strategic alignment with the national goal of building a new power system and active involvement in energy-saving and flexibility renovation projects [6] - The company has implemented China's first large-capacity steam heating molten salt energy storage project, enhancing its position in new energy storage technologies [6] Group 5: Biomass Business - The biomass business is part of the company's strategy under the "dual carbon" goal, focusing on various technical applications, including straw and vine biomass production and co-firing [7]

Core Viewpoint - Shandong Province is implementing the "Eight Major Actions" to enhance the high-level consumption of renewable energy while maintaining the role of coal power as a stabilizing force in the energy system [1] Group 1: Coal Power's Role and Measures - Coal power serves as a "ballast" for ensuring the safe and stable operation of the power system and is crucial for promoting renewable energy consumption [1] - During the 14th Five-Year Plan period, Shandong will introduce action plans for the transformation and upgrading of the coal power industry, including the phased retirement of subcritical units and the enhancement of peak regulation capabilities of coal power plants [1][5] Group 2: New Coal Power Projects - The province is accelerating the planning and construction of clean and efficient coal power units, with new standards for flexibility in operation, requiring new pure condensing and extraction condensing coal power units to have minimum technical outputs of no more than 20% and 30% of rated load, respectively [3] - A total of 8.72 million kilowatts of new coal power capacity is expected to be added through projects like Linyi Hengxin and Huawang Thermal Power [3] Group 3: Upgrading Existing Coal Power Units - The province is fully implementing upgrades for existing large coal power units, with 66 units and 31.895 million kilowatts already modified for flexibility, adding over 7 million kilowatts of regulation capacity [4] - The goal for this year is to complete the "three modifications" for approximately 20 million kilowatts of coal power units [4] Group 4: Support for Thermal-Electric Decoupling - Shandong is promoting thermal-electric decoupling technology, encouraging coal power units to adopt electric boilers and molten salt storage to enhance flexibility [4] - Pilot projects like Jining Huayuan and Datang Linqing Power Plant are being established to improve rapid response capabilities of coal power units [4] Group 5: Future Plans and Standards - The Shandong Energy Bureau will develop implementation plans aligned with national coal power upgrade initiatives, focusing on deep peak regulation, rapid adjustment, strong support, wide load, high resilience, and low emissions [5] - Future coal power projects will be strictly controlled and planned according to new generation coal power standards to enhance peak regulation capabilities and adapt to the needs of the new power system [5]

能源转型的深入推进，对煤电发展提出了更高要求。一方面，煤电不仅要自己跑得稳，还得随时给新能 源"救场"。截至2024年，我国新能源装机占比首超煤电与气电总和，能源转型迈过重要里程碑，但欠稳 定的新能源发电加剧了电网调节压力，电力系统的游戏规则正在被改写。为支撑新能源大规模并网，煤 电机组频繁处于低负荷运行状态，传统"三改联动"虽提升了基础性能，但面对新型电力系统对调节速 度、调峰深度的更高要求，仍需进一步挖掘灵活调节能力，保障能源转型和安全供应之间的平衡。 近些年，我国煤电行业经历了大刀阔斧的优化提升。从超低排放改造到节能降碳改造、灵活性改造、供 热改造"三改联动"，再到低碳化改造，煤电机组的能效提升、灵活性增强和环保水平优化成果显著。日 前，国家发展改革委、国家能源局联合印发《新一代煤电升级专项行动实施方案（2025—2027年）》， 再次将煤电推到了改革升级的聚光灯下。为何在既有成果基础上仍需进一步升级？新一轮行动又该如何 科学推进？ 作为我国基础性电源，煤电在保障电力安全稳定供应方面发挥了"顶梁柱"和"压舱石"作用。考虑到煤电 是能源领域主要的碳排放源之一，以及能源转型的需要，我国近年来积极推进煤电机组 ...

国家能源局4月21日启动新一代煤电升级专项行动，旨在推动传统煤电向"清洁降碳、安全可靠、高效调 节、智能运行"方向转型。 针对新建机组，鼓励按照专项行动实施方案提出的新建机组指标要求建设。在清洁降碳方面，新建机组 应预留低碳化改造条件，鼓励实施低碳化建设。在安全可靠方面，要求保供期申报出力达标率不低于 98%和非计划停运次数不高于0.3次/台年。在高效调节方面，要求燃用烟煤的煤粉炉新建机组最小技术 出力达到25%，低负荷供电煤耗增幅控制在20%以内，鼓励提升一次调频性能和启停调峰能力。在智能 运行方面，鼓励智能控制、智能运维、智能决策技术指标要求达到新一代煤电试点示范技术要求。 针对新一代煤电机组试点示范，鼓励探索更先进技术指标要求。在清洁降碳方面，试点示范采取降碳措 施后，度电碳排放水平应较2024年同类煤电机组降低10%—20%。在安全可靠方面，要求保供期申报出 力达标率不低于99%和非计划停运次数不高于0.3次/台年。在高效调节方面，要求超超临界、湿冷设计 工况供电煤耗不高于270克/千瓦时，可根据实际情况适当修正调整；鼓励提升一次调频性能，应具备安 全可靠启停调峰能力。在智能运行方面，应实现全负荷工况 ...

Core Viewpoint - The "New Generation Coal Power Upgrade Special Action Implementation Plan (2025-2027)" aims to support the dual carbon strategy and enhance the role of coal power in the new power system [1][2]. Group 1: Background and Importance - The plan is a response to the need for a profound transformation in the coal power sector, which is the main source of carbon emissions in China's energy sector [2]. - Coal power currently accounts for less than 40% of installed capacity but provides approximately 60% of electricity generation, 70% of peak capacity, and nearly 80% of regulation capacity [1]. Group 2: Key Objectives and Strategies - The plan emphasizes the need for coal power to reduce carbon emissions while enhancing its flexibility and support capabilities in the evolving power system [2]. - The upgrade focuses on "deep regulation, fast adjustment, strong support, wide load, high resilience, and low emissions" as the main line of development [2]. Group 3: Technical Standards and Requirements - Safety and reliability are fundamental, with existing and new units required to maintain a supply period output compliance rate of no less than 98% and a non-scheduled outage frequency of no more than 0.3 times per unit per year [3]. - High-efficiency regulation is a core goal, expanding traditional efficiency metrics to include six new indicators related to coal consumption and load adjustment [3]. - New units must reserve conditions for low-carbon transformation, with a target of reducing carbon emissions by 10%-20% compared to similar units in 2024 [3]. Group 4: Intelligent Operations - The plan highlights the importance of intelligent operations, focusing on automated load adjustment, intelligent maintenance, and decision-making capabilities to enhance operational efficiency [4]. Group 5: Implementation and Future Work - The next steps include promoting understanding of the plan within the industry, guiding provincial energy departments in developing local implementation plans, and continuously tracking progress to refine technical standards [4].