Core Viewpoint - The news highlights a significant surge in the green methanol and solid-state battery sectors, driven by recent policy announcements and technological advancements, indicating strong investment opportunities in these areas [1][3][4]. Green Methanol Sector - The green methanol concept experienced a substantial increase, with leading stocks such as Donghua Technology and Jiazhe New Energy hitting the daily limit [3]. - Two main catalysts for this surge include the National Energy Administration's approval of nine projects for green liquid fuel technology and the International Maritime Organization's upcoming meeting to enforce net-zero emissions in the shipping industry by 2050 [3][4]. - The global demand for methanol is projected to reach approximately 140 million tons in 2024, with ship fuel demand potentially driving an increase of over 40% in global methanol demand by 2030 if penetration reaches 10% [4]. Solid-State Battery Sector - The solid-state battery sector also saw significant gains, with stocks like Wanrun New Energy and Haibo Technology experiencing notable increases [5]. - The industry is expected to undergo rapid growth, with pilot production lines expected to be established between 2025 and 2026, leading to small-scale applications by 2027 and broader adoption in high-value sectors by 2030 [7]. - Investment opportunities in the solid-state battery supply chain are characterized by a phased approach, focusing on equipment, materials, and application scenarios [7].

今天上午，新能源赛道走强，"老面孔"与"新面孔"联手大涨。"老面孔"是指固态电池、储能等板块，"新面孔"指的是绿色甲醇。 绿色甲醇概念上午掀起涨停潮，龙头股东华科技（002140）开盘仅十几秒钟，就直线拉升涨停，迎来两连板。宁德时代（300750）、阳光电源 （300274）、亿纬锂能（300014）、华友钴业（603799）、赣锋锂业（002460）、天赐材料（002709）等龙头股均上涨。 | | | | | 东华科技 | | | --- | --- | --- | --- | --- | --- | | | | | | 002140 融 深股通 L1 | | | 代 | 12.81 流通 73.36亿 换 | | 3.29% | | | | 同在顺 | 异动解读：盐湖提锂＋乙二醇＋绿色甲醇＋央... ● × | | | | | | 日K 分时 | 更多。 周Ｋ 月K 五日 | | | | | | 均价: 13.27 最新: 13.50 1.23 10.02% | | | | | | | 13.50 | 10.02% 五档 明细 | | 成交 | | | | -12.27 -- | 大单 -- | | | ...

Group 1 - The three major indices experienced a rebound in early trading, with the Shanghai Composite Index turning positive and the ChiNext Index rising nearly 3% at one point [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.28 trillion, a decrease of 85.4 billion compared to the previous trading day [1] - The new energy sector saw a collective surge, particularly in green methanol concept stocks, with Jiaze New Energy achieving three consecutive trading limit increases and Donghua Technology achieving two [1] Group 2 - The energy storage concept stocks rebounded, with Tongrun Equipment achieving two trading limit increases in four days [3] - Solid-state battery concept stocks performed strongly, with Tianji Co. achieving two consecutive trading limit increases, and multiple stocks such as Wanrun New Energy and Molybdenum Flour reaching trading limits [3] - The securities sector strengthened during the trading session, with Guosheng Jinkong hitting a trading limit and reaching a new high [3] Group 3 - The solid-state battery, non-ferrous metals, and photovoltaic equipment sectors saw the largest gains, while the education, coal, and pork sectors experienced the largest declines [3] - By the end of the trading session, the Shanghai Composite Index rose by 0.13%, the Shenzhen Component Index increased by 1.11%, and the ChiNext Index climbed by 1.77% [3]

2025 年 09 月 28 日 环保及公用事业 IMO 净零法案即将提交，绿色甲醇有望迎 来快速发展 绿色甲醇需求驱动因素之二：清洁能源非电利用缓解消纳压力。除航 运业需求之外，在当前新能源装机快速增长背景下，加快清洁能源的 非电领域利用能够缓解消纳压力。近期国家能源局局长王宏志日前在 《学习时报》发表署名文章，重点强调拓展新能源非电利用途径，以 非电利用为突破，拓宽新能源利用途径。力推以绿电制氢氨醇为代表 的多能转换技术正加速探索与示范应用。2025 年 1-7 月，全国风电 利用率为 93.8%，同比下降 2.5%，全国光伏发电利用率为 94.7%，同 比下降 2.4%。目前，新能源非电利用规模占全国能源消费总量比重 不足 1%，随着技术突破、产业成本下降，新能源非电利用路径逐渐 清晰。 电制甲醇降本空间广阔，绿电成本是关键。成本方面，当前主流技术 路径下绿色甲醇单吨成本约为 4000 元，展望后续降本空间，不同技 术路线下具有差异，生物质制甲醇由于生物质原材料能量密度低、预 处理难度大等问题，降本目的可实施性不强。电制甲醇工艺具备良好 降本空间：按照当前绿电约 0.3 元 kWh 计算，制氢成本 1. ...

Core Viewpoint - The 2025 Liquid Sunshine Industry Development Forum highlighted the rapid development and scaling of the green methanol industry in China, emphasizing the transition from technology exploration to large-scale application [2][6]. Group 1: Forum Overview - The forum, hosted by DT New Energy, took place in Dalian from September 24-26, featuring over 50 experts and corporate leaders, with more than 200 representatives from various sectors [2]. - Key topics included macro trends in the green methanol industry, key technologies for large-scale production, biomass gasification, and the ecological construction and application of the green methanol industry [2]. Group 2: Key Presentations - Wang Jijie discussed the need for standards in renewable methanol that align with China's carbon neutrality goals, emphasizing the importance of a carbon trading system [12]. - Su Maohui presented the development of methanol-hydrogen electric vehicles, highlighting over 50,000 vehicles in operation and a total mileage exceeding 23 billion kilometers [15]. - Liu Ming shared Singapore's ambition to become a methanol supply hub, aiming for a million-ton scale by 2030 [18]. - Chang Fei outlined the current challenges in the commercialization of green methanol, including technological bottlenecks and infrastructure needs [21]. - Maersk's decarbonization goals were presented, focusing on the use of green methanol and innovative measures to achieve net-zero emissions [23]. Group 3: Technical Innovations - Lu Shijian discussed advancements in CO2 capture and resource utilization, showcasing applications in major energy companies [27]. - Liu Dianhua introduced a demonstration project for CO2 capture from coal-fired power plants, achieving a CO2 purity of 99.98% [30]. - Zhou Yunyun detailed Geely's comprehensive approach to green methanol production, including CO2 hydrogenation and biomass gasification technologies [32]. - Zhang Chenxi highlighted the importance of sustainable aviation fuel (SAF) in reducing carbon emissions in the aviation industry, with a pilot project already in place [34]. Group 4: Policy and Market Dynamics - He Yankang analyzed global shipping emission reduction policies and their impact on the green methanol market, emphasizing the shift from future vision to compliance necessity [58]. - The necessity and feasibility of methanol pipeline transportation were discussed, projecting a significant role for methanol in the future energy landscape [59]. - The report by Nie Chaofei focused on key technologies for low-cost transportation of green methanol [61]. Group 5: Industry Applications and Future Directions - The forum included a visit to the Dalian Port green methanol refueling center, providing insights into the practical applications of green methanol in the shipping sector [70]. - Various presentations covered the latest advancements in biomass gasification technology and the potential for renewable energy solutions [46][41].

Core Points - The 2025 Fifth Liquid Sunshine Industry Development Forum will be held from September 24 to 26 at Dalian 1896 Garden Hotel, focusing on the development of green methanol [2][9] - The forum will include various sessions such as CO2 high-value utilization, key technologies for liquid sunshine methanol preparation, and biomass gasification coupled with green hydrogen production [14][16] Registration and Venue Information - Registration will take place on September 24 from 13:00 to 20:00 and on September 25 from 08:00 to 12:00 at designated locations [2][3] - The venue is Dalian 1896 Garden Hotel, located at No. 36, Guanghui Lane, Zhanbei Street, Xigang District, Dalian, Liaoning Province [2][9] Agenda Overview - The forum will feature a variety of sessions, including: - September 24: CO2 high-value utilization forum and closed-door discussions [14][18] - September 25: Opening ceremony, macro forum on liquid sunshine methanol, and various thematic discussions [16][17] - September 26: Sessions on ecological construction and applications of green methanol [17] Transportation and Accommodation - The hotel is approximately 3 km from Dalian Station (15 minutes by car), 18 km from Dalian North Station (30 minutes), and 11 km from Dalian Zhoushuizi International Airport (20 minutes) [11][11] - Special accommodation rates are available for forum attendees at Dalian 1896 Garden Hotel, priced at 350 RMB per room per night [9] Organizing Committee and Support - The forum is organized by DT New Energy, supported by the Green Methanol Ecological Alliance and other notable organizations [9]

Core Points - The 2025 Fifth Liquid Sunshine Industry Development Forum will be held from September 24 to 26 at the Dalian 1896 Garden Hotel, focusing on the development of green methanol [2][9] - The forum will include various sessions on carbon dioxide utilization, key technologies in green methanol production, and biomass gasification [14][16][17] Registration and Venue - Registration will take place on September 24 from 13:00 to 20:00 and on September 25 from 08:00 to 12:00 at designated locations [2][3] - The venue is the Dalian 1896 Garden Hotel, located at No. 36, Guanghui Lane, Zhanbei Street, Xigang District, Dalian, Liaoning Province [2][9] Agenda Overview - The forum will feature a series of thematic discussions, including the macro forum on green methanol, key technology advancements, and international collaboration sessions [14][16][17] - Notable sessions include discussions on renewable methanol technology, methanol as a marine fuel, and carbon capture and utilization [16][18] Transportation and Accommodation - The hotel is approximately 3 km from Dalian Station, 18 km from Dalian North Station, and 11 km from Dalian Zhoushuizi International Airport, with estimated travel times of 15, 30, and 20 minutes respectively [11][11][11] - Special accommodation rates are available for forum participants at the Dalian 1896 Garden Hotel, priced at 350 RMB per room per night [9] Key Participants and Organizers - The forum is organized by DT New Energy, supported by the Green Methanol Ecological Alliance and other industry leaders [9] - Notable speakers include researchers and professors from various prestigious institutions, contributing to discussions on green methanol and carbon utilization technologies [16][21]

Group 1 - Longi Green Energy and JinkoSolar have reached a joint statement to end all ongoing patent disputes globally and have agreed on cross-licensing arrangements for some core patents [2][3] - The patent disputes between Longi Green Energy and JinkoSolar began in the second half of last year and escalated in early this year, with multiple lawsuits filed in various jurisdictions [3] - The patent battles are seen as a commercial strategy to limit competitors' market competitiveness, particularly in foreign markets where litigation risks influence customer choices [3] Group 2 - JinkoSolar is a leader in TOPCon technology, with over 5,500 patent applications, 75% of which are invention patents, and expects to achieve 40-50 GW of high-power TOPCon capacity by the end of 2025 [4] - JinkoSolar's patent fees increased by nearly 50% year-on-year to 0.14 billion [4] - Longi Green Energy has over 3,500 authorized patents and 480 patents for BC battery modules, with a self-owned HPBC2.0 battery capacity of 24 GW as of June [4] - In terms of shipment volume, JinkoSolar led with 41.84 GW of solar module shipments in the first half of the year, surpassing Longi Green Energy's 39.57 GW [4] - JinkoSolar reported a loss of 2.909 billion, while Longi Green Energy's loss was 2.569 billion, making it the least loss-making among the top five module manufacturers, reducing losses by 2.661 billion year-on-year [4]

Investment Rating - The report maintains a "Positive" investment rating for the utility industry [1] Core Insights - The first mechanism electricity price bidding results for renewable energy in Shandong have been released, indicating a significant market-oriented shift in policy [3][17] - Wind power mechanism electricity price is set at 319 CNY/MWh, which is a 20% premium over the 2024 average spot trading price, while solar power is at 225 CNY/MWh, a 33% premium [3][24] - The report emphasizes the importance of management and operational capabilities for renewable energy operators in a market-driven environment [4][30] Summary by Sections Electricity Sector - The Shandong province has become the first to implement a market-oriented mechanism for renewable energy pricing, with significant participation from over 3000 projects [18][21] - The mechanism electricity volume for wind power is 59.67 billion kWh, while for solar power it is only 12.48 billion kWh, reflecting a stronger policy support for wind energy [3][23] - The report suggests that the future of solar power installations in Shandong may see reduced investment enthusiasm due to current pricing pressures and non-technical cost reductions [4][29] Grid Sector - New pricing mechanisms for nearby consumption of green electricity have been established, which will protect grid interests and promote cost reductions for users [6][35] - The system operation costs will be charged based on the electricity delivered, allowing for potential savings in electricity costs for high-load enterprises [7][37] - The report highlights that the new pricing structure will benefit wind power and energy storage development, making them key components in the green electricity landscape [8][42] Renewable Energy Assets - The report discusses the acceleration of Real World Assets (RWA) in the distributed solar sector, with significant investments from companies like JinkoSolar and GCL-Poly [10][44] - The RWA framework is expected to enhance liquidity and value reassessment of quality distributed solar assets, benefiting original equity holders [11][47] - The collaboration between LinYuan Energy and Ant Group aims to digitize energy assets, further supporting the RWA initiative [12][48] Green Methanol - A major project for green methanol production has been announced by Goldwind, with a total investment of approximately 18.92 billion CNY, aiming to produce 600,000 tons of green methanol annually [13][49] - The report anticipates a surge in demand for green methanol as multiple projects are set to commence production in the coming years [13][49] - Key suppliers and equipment manufacturers in the green methanol sector are expected to see performance improvements as the market expands [13][49]

Core Viewpoint - The article discusses the development of green methanol as a sustainable energy source, highlighting its potential in various applications and the importance of industry collaboration in advancing technology and market adoption [2][28]. Event Overview - The 2025 Liquid Sunshine Industry Development Forum will take place from September 24 to 26 in Dalian, Liaoning, organized by DT New Energy and supported by various industry leaders [2][4]. - The forum will feature multiple sessions focusing on green methanol, including key technology advancements, industry strategies, and international collaboration [4][28]. Session Highlights - The opening ceremony will include discussions on the macro development of liquid sunshine (green methanol) and key technologies for its production [28][33]. - Notable sessions will cover topics such as carbon dioxide high-value utilization, biomass gasification coupled with green hydrogen production, and the ecological construction and application of green methanol [28][38]. Participant Engagement - Over 40 companies involved in green methanol projects are expected to attend, including major players like China Petroleum and Chemical Corporation and China National Offshore Oil Corporation [11][12]. - The event will also feature a welcome dinner and opportunities for networking among industry professionals [4][37]. Technical Presentations - Presentations will include insights on renewable methanol technology, carbon capture and resource utilization, and advancements in sustainable aviation fuel production [33][42]. - Experts from various institutions, including Tsinghua University and the Chinese Academy of Sciences, will share their research and developments in green methanol technologies [32][41].