格隆汇11月21日丨永泰能源(600157.SH)在投资者互动平台表示，公司暂无无人驾驶运输项目。公司将 持续加强与国内知名人工智能企业深入合作，积极研究与探索引入适合行业特性与发展的AI智能化模 型，加快推进电力和煤炭领域数字化、智能化和无人化技术研发与应用，为建设智慧能源体系和绿色低 碳发展新格局注入新动力，进一步提升公司整体运营效率和核心竞争力，实现安全高效与高质量发展。 ...

【宏观快评】 宏观研究 证 券 研 究 报 告 美国"缺电"了吗？ 主要观点 ❖ 核心观点： 1、从美国最基本的电力供需数据来看，短期（到明年）暂看不到电力供需紧 张的迹象，甚至供给增速可能是略大于需求的；中长期（到 2030 年），数据中 心的建设主要分布在德州、中大西洋等地，其带来的电力需求增长，可能导致 这些地区面临供给短缺，加剧电网可靠性下降风险（发生停电的频率增加，不 能满足的客户用电需求规模增加）。 2）供给侧来看：短期视角下（到 2026），供给增速或快于需求，发电设备利 用率并不紧张。 当下产能利用情况？2001 年以来，美国发电、输电和配电行业产能利用率呈 趋势下滑，反映供给相对需求保持充裕状态。 ❖ 美国缺电了吗？ 近期，关于美国"缺电"的讨论颇受关注。一类是讨论 AI 行业发展或受制于 电力供应瓶颈。比如微软 CEO 就在播客节目中指出"人工智能行业的问题并 非计算资源过剩，而是缺乏足够电力来支撑所有 GPU 的运行"；另一类则是聚 焦于数据中心"抢电"叙事，称其导致美国居民用电成本飙升，影响美国消费。 那么，美国真的"缺电"了吗，当前电力供需情况如何，居民电费负担是否已 经显著加剧，A ...

在东日本大地震后，日本重新开始商业运转的核电机组达到14座。集中于西日本地区，而在东日本地区 仅有东北电力公司的女川2号机组。若柏崎刈羽核电站的6号机组重启，将有助于稳定东京圈的电力供 需。这是福岛第一核电站发生核事故后，东电被批准重启的首座核电站。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 新潟县的东京电力控股公司柏崎刈羽核电站的（从右起）6号机组、7号机组（11月20日） 新潟县知事花角英世表示将批准东京电力控股公司柏崎刈羽核电站重启…… 日本新潟县知事花角英世11月21日下午在县厅召开临时记者会，表示将批准东京电力控股公司柏崎刈羽 核电站（位于新潟县）重启。他将把自己的想法提交县议会征求意见，若县议会也同意，花角英世知事 将向中央政府传达批准的立场。最早2025年内即可完成当地同意手续，若柏崎刈羽核电站重新启动，将 使东京圈的电力供需更加稳定。 日经中文网 https://cn.nikkei.com ...

记者注意到，协鑫能科于近日发布"聚星"虚拟电厂平台，以"城市-运营商-企业"三级联动、融合贯通的 智慧能源体系，赋能能源生产、存储、用能、交易全链路。"聚星"平台的核心，由多维AI大模型为支 撑，实现从电网需求预测、资源优化匹配到交易策略推荐的全流程智能化。据介绍，协鑫能科大模型与 AI数智化开发技术架构，其数据体量和业务覆盖度优势，已达到千亿级别的大模型训练基础。 在近期的机构调研中，协鑫能科表示，公司在虚拟电厂领域已深耕13年，自2012年参与国内首个需求侧 管理试点城市项目以来，全程参与了可调控负荷、辅助服务以及现货市场等各发展阶段。目前已形成数 据全面、客户广泛、模型完善、增值服务多的综合优势。当前管理用户规模超20GW，经市场检验的可 调负荷规模约835MW，其中，公司在江苏省内辅助服务市场实际可调负荷规模占比约35%。 据悉，协鑫能科虚拟电厂业务收入主要来自电力现货交易、需求侧响应、辅助服务等。公司基于大模型 多智能体协作的虚拟电厂运营服务，通过负荷预测、策略算法、调度控制和交易评估等智能体，为广义 虚拟电厂开展电力辅助服务、需求侧响应、电力现货交易、绿电交易和电能量交易。 "随着国内分布式光伏、 ...

新华社北京11月21日电（记者王悦阳）国家能源局21日发布的信息显示，10月份，全社会用电量8572亿 千瓦时，同比增长10.4%。 1至10月，全社会用电量累计86246亿千瓦时，同比增长5.1%，其中规模以上工业发电量为80625亿千瓦 时。分产业看，第一产业用电量1262亿千瓦时，同比增长10.5%；第二产业用电量54781亿千瓦时，同 比增长3.7%，其中，工业用电量同比增长3.9%；第三产业用电量16671亿千瓦时，同比增长8.4%，其 中，充换电服务业以及信息传输、软件和信息技术服务业用电量增长较快；城乡居民生活用电量13532 亿千瓦时，同比增长6.9%。 【纠错】 【责任编辑:王萌萌】 分产业看，第一产业用电量120亿千瓦时，同比增长13.2%；第二产业用电量5688亿千瓦时，同比增长 6.2%，其中，工业用电量同比增长6.4%；第三产业用电量1609亿千瓦时，同比增长17.1%，其中，充换 电服务业以及信息传输、软件和信息技术服务业用电量增长较快；城乡居民生活用电量1155亿千瓦时， 同比增长23.9%。 ...

Core Points - Recently, a new company named TaiXing YiDian Energy Storage Technology Co., Ltd. was established with a registered capital of 50 million RMB [1] - The company is wholly owned by Yishite Group Co., Ltd. and operates in the power generation, transmission, and distribution sectors [1] Company Information - The legal representative of TaiXing YiDian Energy Storage Technology Co., Ltd. is He Jia [1] - The company is registered in the High-tech Industrial Development Zone of Taixing City, with a business scope that includes power generation, transmission, and electrical installation services [1][2] - The company was officially established on November 20, 2025, and has no fixed business duration [2] Business Scope - The business activities include power generation, transmission, distribution, installation, maintenance, and testing of electrical facilities [1][2] - Additional services include energy storage technology services and energy management contracts [2]

根据草案，电投能源将以14.77元/股的发行价格，向内蒙古公司发行约6.49亿股股份并支付部分现金， 用以收购白音华煤电全部股权。交易完成后，这些股份将占电投能源总股本的22.46%。 近日，电投能源（002128.SZ）披露重大资产重组草案（以下简称"草案"），其拟通过发行股份及支付 现金的方式，购买国家电投集团内蒙古能源有限公司（以下简称"内蒙古公司"）持有的白音华煤电有限 公司（以下简称"白音华煤电"）100%股权，交易作价111.49亿元。 电投能源背后的实际控制人同为国家电投集团。上述收购被视为国家电投集团深化煤炭、火电与电解铝 资产整合的关键一步。本次交易完成后，电投能源总资产将突破750亿元，成为蒙东地区又一艘"煤炭航 母"。 百亿并购 本次并购恰逢煤炭市场价格波动加剧的敏感时点。 2025年以来，煤炭价格一度下行，下半年起触底反弹并呈现上行趋势。其中，秦港5500大卡动力煤平仓 价从6月30日的621元/吨上涨至9月30日的699元/吨，三季度累计涨幅达12.6%。截至11月14日，北方黄 骅港Q5500平仓价涨至837元/吨。 但行业盈利能力却呈现分化态势。国家统计局数据显示，2025年前十 ...

Core Insights - The expansion roadmap for China's national carbon emissions trading market has been officially unveiled, with a clear timeline for including additional industries by 2027, aiming to cover approximately 75% of national CO2 emissions [1][4]. Summary by Sections Carbon Market Expansion - The Ministry of Ecology and Environment has released a quota distribution plan for the steel, cement, and aluminum smelting industries for 2024 and 2025, marking a significant step in the carbon market's expansion [1][4]. - By including these three industries, the total number of key emission units will reach around 3,700, covering emissions of approximately 8 billion tons, which accounts for over 60% of national carbon emissions [4]. Future Industry Inclusion - The final goal is to achieve full coverage of major emission industries in the industrial sector by 2027, with preliminary preparations already underway for the chemical, petrochemical, civil aviation, and paper industries [4][5]. - Predictions suggest that once eight major industries are fully included, over 8,000 enterprises will enter the market, covering more than 70% of greenhouse gas emissions nationwide [4]. Technical Preparations - The Ministry has collected and verified carbon emission data from relevant industries since 2013, laying the groundwork for scientifically determining total quotas [5]. - A comprehensive set of technical documents related to quota distribution, accounting, reporting, and verification is being expedited, alongside upgrades to the national carbon market management platform and trading systems [5]. Market Dynamics and Pricing - The diversity of market participants is expected to enhance the pricing function of the carbon market, with the current closing price around 66 yuan per ton [5]. - Industry experts predict that carbon prices could rise significantly, potentially reaching between 130 to 180 yuan per ton by 2027, driven by quota control and paid distribution mechanisms [5]. Industry-Specific Impacts - Different industries will experience varying impacts from the carbon market expansion, with sectors like electricity and steel being better prepared compared to more complex industries like petrochemicals and paper [6]. - The aviation sector faces additional challenges, including external pressures such as the EU carbon border tax [6]. Future Market Development - By 2030, the goal is to establish a carbon market based on total quota control, combining free and paid distribution, to create a reasonable carbon pricing mechanism [7]. - The Ministry has indicated that total quota control will be prioritized in stable emission sectors, gradually tightening quotas to enhance market efficiency and optimize carbon reduction resource allocation [7].

Core Insights - The China Securities Regulatory Commission (CSRC) has emphasized the importance of corporate governance and board effectiveness in listed companies, leading to the launch of the "2025 Best Practices for Corporate Boards" initiative, which has recognized 240 best practice cases, 190 excellent cases, and 156 typical cases [1][2]. Group 1: Corporate Governance and Board Effectiveness - The initiative aims to enhance the legal and compliant operation of corporate boards, improving governance effectiveness in response to higher demands from the new "National Nine Articles" and the "1+N" policy framework [1]. - The core role of corporate boards is to drive strategic decision-making, align with national macro policies, and integrate company growth into the modernization of the industrial system [1][2]. - Companies are encouraged to establish robust internal control systems and risk supervision capabilities to support high-quality development in the capital market [1][2]. Group 2: Value Management and Shareholder Returns - Corporate boards are elevating value management to a strategic level, focusing on enhancing intrinsic value, optimizing investor communication, and standardizing information disclosure [2]. - Emphasis on sustainable dividends has become a key aspect of governance, with companies responding to policies for multiple dividends per year and ensuring the continuity and stability of shareholder return policies [2]. - The boards are actively working to improve investor satisfaction and confidence through optimized dividend strategies [2]. Group 3: ESG Integration - Corporate boards are advancing the establishment and practice of Environmental, Social, and Governance (ESG) frameworks, embedding sustainability into strategic planning and performance evaluation [3]. - The ESG strategy focuses on innovation, employee growth, environmental friendliness, and corporate governance, aiming for a sustainable development governance model unique to China [3]. Group 4: Best Practice Case Listings - A comprehensive list of recognized companies for best practices in corporate governance has been compiled, showcasing a diverse range of sectors and industries [4][5][6][7][8][9][10].

格隆汇11月21日｜国家能源局：10月份，全社会用电量8572亿千瓦时，同比增长10.4%。分产业看，第 一产业用电量120亿千瓦时，同比增长13.2%；第二产业用电量5688亿千瓦时，同比增长6.2%，其中， 工业用电量同比增长6.4%；第三产业用电量1609亿千瓦时，同比增长17.1%，其中，充换电服务业以及 信息传输、软件和信息技术服务业用电量增长较快；城乡居民生活用电量1155亿千瓦时，同比增长 23.9%。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com （责任编辑：宋政 HN002） ...