一十届四中餐 名词卡片 分布式能源 "完善碳排放统计核算体系,稳步实施 地方碳考核、行业碳管控、企业碳管理、项 目碳评价、产品碳足迹等政策制度。发展 分布式能源,建设零碳工厂和园区。" "十五五"规划建议 降义 分布式能源是指在用户侧可以独立运行,以 小型设备充分利用可再生能源或天然气等清洁能 源,满足用户多种用能需求的小型能源系统。按 照利用燃料种类,包括分布式天然气能源站、分 布式光伏、分散式风电,以及其他利用生物质、 太阳能光热、小水电等可再生能源的分布式能源。 据《党的二十届四中全会《建议>学习辅导百问》 分布式能源已经成为新型能源体系的重要组成部分，发展分布式能源对于优化能源结构、推动节能减 排、推进经济社会可持续发展具有重要意义。 一是更好推进碳达峰碳中和。相较于化石能源，可再生能源能量密度低、较为分散，分布式开发利用 比集中式更符合可再生能源的资源和技术特性，同时也能因地制宜利用清洁燃料，降碳减排效果明显。 二是更好满足人民群众用能需求。通过不同利用方式实现能源梯级利用，且运行模式灵活，可以满足 不同场合用能需求。对偏僻山区、海岛等地区，分布式能源可以更好就近布局、满足需求。对供电安全稳 定性要 ...

无论是国家政策的频密出台，还是企业端需求的快速变化，都在说明一个趋势：未来能源系统的核心不 再是单一的大型电源，而是通过分布式能源、储能、智能管理等多种资源形成的"整体协同"。如果说新 能源的大规模发展改变了电源结构，那么分布式能源的兴起，则正在重构整个终端能源使用方式。在过 去二十年里，燃气分布式能源、分布式光伏、分散式风电、多能互补系统、工商业储能、虚拟电厂等技 术路线不断成熟，从零星示范走向深度渗透，从单点应用转向系统集成，其战略意义已经远远超出 了"补充能源"的范畴。而当分布式能源遇上零碳园区建设浪潮，一场从技术创新到产业重构的系统性突 破正在发生——分布式能源正成为零碳园区时代不可或缺的关键引擎。 产业端需求的结构性变化：从"可选"到"必选" 当下的行业情势呈现出一个非常显著的特征：产业端需求发生了结构性变化。传统的"外购电+集中供 热"模式正在难以满足企业绿色化、数字化、低成本、高稳定的综合要求。与此同时，在园区和城市空 间中，新能源消纳、配网承载、负荷波动、极端天气等新的运行矛盾逐渐显现。 这些挑战推动着能源系统必须具备更强的本地化灵活性、更多的自主调节能力、更完善的数字化监测基 础，而这些能力 ...

Core Viewpoint - The company is optimistic about the long-term development of "computing power + AI" and aims to seize opportunities in "computing power + new energy" through strategic transformation [1] Investment and Partnership - The company has jointly invested RMB 10 million with Zhejiang Lisan Technology Co., Ltd. to establish a holding subsidiary, Zhejiang Nenghui Lisan Technology Co., Ltd., with the company holding a 51% stake [1] - The investment structure includes a registered capital of RMB 5.1 million contributed by the company [1] Strategic Focus - Zhejiang Lisan is an AI computing power operator specializing in integrated services in the "AIDC + MEC" field, leveraging its core team's expertise in industrial digitalization and AI cloud computing [1] - The company's strengths in "distributed energy + energy storage" solutions can meet the energy needs of small and medium-sized AIDC and MEC applications [1] Synergy and Competitive Advantage - The establishment of the joint venture is expected to leverage both parties' technological and resource advantages in the new energy and computing power sectors, promoting collaborative development [1] - This move aligns with the company's strategic transformation needs and is anticipated to enhance its core competitiveness positively [1]

Core Viewpoint - The article discusses the significant increase in IPO applications at the Beijing Stock Exchange (BSE), leading to a potential backlog in the approval process, while highlighting the slower pace of IPO approvals and the improved quality of companies applying for listings [2][10][12]. Group 1: IPO Application Trends - As of July 27, 2023, there are 305 companies in the IPO review process across A-shares, with 183 of them (60%) at the BSE [2]. - In June 2023 alone, the BSE received 97 IPO applications, setting a new monthly record, surpassing the previous record of 92 applications in June 2022 [2]. - Despite the high number of applications, only 6 companies have successfully listed on the BSE this year, compared to 14 on the Shanghai Main Board and 22 on the ChiNext [2]. Group 2: Approval Process and Timelines - The average waiting time for IPO approvals at the BSE has increased, with median times from application to listing rising from 218 days in 2022 to 306 days in 2024 [4]. - For the 115 IPO applications received in 2025, the average time from application to first inquiry is 26 days, longer than the 15 days for the ChiNext and 21 days for the Sci-Tech Innovation Board [5]. - The longest waiting time for a company currently in the review process is over three and a half years for Yangde Environmental Energy, which has faced additional scrutiny due to investigations into its controlling shareholder [7][8]. Group 3: Company Quality Improvement - The quality of companies applying for IPOs at the BSE has improved, with 113 companies currently under review having an average revenue of 738 million yuan and an average net profit of 95.06 million yuan [11]. - 36 companies, or 31.86%, have reported net profits exceeding 100 million yuan, indicating a trend towards higher-quality applicants [11]. - The increase in company quality is attributed to better performance of new three-board companies and enhanced support from investment banks in selecting and preparing companies for listing [12].

Group 1 - The core viewpoint of the articles revolves around the recent developments in CCER (China Certified Emission Reduction) methodologies, highlighting the need for expansion and adaptation to promote low-carbon projects and enhance market supply [1][3][4] - The Ministry of Ecology and Environment has publicly solicited suggestions for new CCER methodologies, indicating a proactive approach to broaden the scope of emission reduction projects [1][2] - The current CCER price remains high, with a trading average of 100.10 yuan per ton, driven by supply-demand imbalances and increased market participation from diverse stakeholders [2][3] Group 2 - There is a consensus among industry experts that the carbon quota prices and CCER prices are expected to rise steadily in the future, with CCER supply anticipated to increase in an orderly manner [3][4] - The new CCER methodologies are expected to enrich the voluntary carbon market and increase the market supply of CCERs, focusing on sectors with emission reduction potential such as distributed energy, storage, transportation, and construction [3][5] - The application for CCER methodologies is restricted to certain industries, excluding those with mandatory emission reduction obligations, which may limit participation from some sectors [3][5][6] Group 3 - The development of new CCER methodologies is seen as a potential source of commercial opportunities, particularly for projects that meet additionality requirements and align with national industrial policies [4][5] - Experts suggest that companies should ensure safety, conduct additionality assessments, and consider international best practices when developing CCER methodologies [7][8] - The complexity of technical validation for methodologies may pose challenges, and companies are encouraged to seek guidance from experienced institutions or experts to navigate these difficulties [8]