每经AI快讯，有投资者在投资者互动平台提问：请问公司耗费巨资研发的碳纸年除了2025上半年有过 一次测试订单，2025下半年有没有新的客户订单或者测试订单？ （文章来源：每日经济新闻） 冠豪高新（600433.SH）1月12日在投资者互动平台表示，碳纸是氢燃料电池关键材料之一，是公司面 向"十五五"乃至更长远周期战略布局的核心方向，目前正稳步推进多批次测试验证，为未来规模化商业 应用夯实技术基础；尽管行业普遍面临验证周期长、工艺稳定性要求高等挑战，但公司已构建自主可控 的碳纸制备能力，牢牢把握下一代清洁能源材料的战略制高点。 ...

Group 1 - AEP has exercised an option to purchase up to 1GW of solid oxide fuel cells (SOFC) from Bloom Energy, with a total transaction value of approximately $2.65 billion, marking a significant milestone for SOFC applications in data centers [2] - The project is expected to serve third-party large data center customers, indicating that SOFC has transitioned from a "validation phase" to a "mass deployment phase" [2] - This order not only secures future revenue certainty for Bloom Energy but also validates the commercial logic of SOFC as a core power supply solution for AI data centers [2] Group 2 - Bloom Energy reported record revenue of $519 million in Q3 2025, with a Non-GAAP gross margin exceeding 30% and a Non-GAAP operating income increasing over fourfold year-on-year [3] - With the confirmation of the AEP order, Bloom Energy's cumulative orders have reached nearly 2GW, and capacity utilization is expected to significantly increase, leading to a reduction in unit manufacturing costs [3] - Revenue and cash flow are projected to further explode in 2026, with profitability expected to continue to improve due to economies of scale [3] Group 3 - SOFC is identified as a crucial solution to the power supply challenges faced by AI, particularly due to severe interconnection backlogs and long expansion cycles in the North American power grid [4] - The advantages of SOFC include rapid deployment, small footprint, and off-grid operation capabilities, making it a vital solution for quick power supply deployment in data centers [5] Group 4 - Domestic companies entering the global supply chain of Bloom Energy are expected to see clear performance growth, with companies like SanHuan Group and ChunHui Intelligent Control being highlighted for their contributions to SOFC technology [6] - SanHuan Group supplies core materials for SOFC stacks, while ChunHui Intelligent Control has a strong partnership with Bloom Energy, providing temperature sensors [6] Group 5 - Recommended stocks to watch include ChunHui Intelligent Control (300943.SZ), SanHuan Group (300408.SZ), YiShiTong (688733.SH), XiongTao Co. (002733.SZ), Weichai Power (000338.SZ), ShunLuo Electronics (002138.SZ), FuRan Energy (002911.SZ), DongMu Co. (600114.SH), and XinAo Co. (600803.SH) [7]

Group 1 - The core viewpoint of the report is that AEP's decision to exercise its option to purchase up to 1GW of solid oxide fuel cells (SOFC) from Bloom Energy marks a significant transition for SOFC applications in data centers from a validation phase to a large-scale deployment phase, indicating a strong demand for SOFC as a power solution for AI data centers [1][3] - The order from AEP, which includes a full exercise of a 900MW option on top of a previous 100MW order, not only secures Bloom Energy's future revenue but also validates the commercial logic of SOFC as a core power solution for AI data centers [1][2] Group 2 - Bloom Energy reported record revenue of $519 million in Q3 2025, with a Non-GAAP gross margin exceeding 30% and a more than fourfold year-on-year increase in Non-GAAP operating income, indicating a financial turning point for the company [2] - With the confirmation of the AEP order, Bloom Energy's cumulative orders have reached nearly 2GW, which is expected to significantly enhance production capacity utilization and reduce unit manufacturing costs, leading to further revenue and cash flow growth anticipated by 2026 [2] Group 3 - SOFC is identified as a crucial solution to the power supply challenges faced by AI data centers, particularly due to the current backlog in North America's power grid interconnections and the long delivery cycles for transformers and gas turbines [3] - The advantages of SOFC, including rapid deployment, small footprint, off-grid operation capability, and high efficiency of up to 60%, position it as a vital solution for the quick power supply needs of data centers [3] Group 4 - Companies entering the global supply chain of Bloom Energy are expected to see clear performance growth, with significant contributions from domestic firms such as SanHuan Group and ChunHui Intelligent Control, which are deeply integrated into Bloom Energy's supply chain [4] - SanHuan Group provides essential materials for SOFC stacks, while ChunHui Intelligent Control has a strong partnership with Bloom Energy, supplying temperature sensors [4] Group 5 - Suggested companies to watch include ChunHui Intelligent Control (300943.SZ), SanHuan Group (300408.SZ), YiShiTong (688733.SH), XiongTao Co. (002733.SZ), Weichai Power (000338.SZ), ShunLuo Electronics (002138.SZ), FuRan Energy (002911.SZ), DongMu Co. (600114.SH), and XinAo Co. (600803.SH) [5]

公司是SOFC 技术国产卡位龙头，长期成长空间广阔：潍柴动力在国产替代与技术路线布局中占据关键 生态位，面向全球市场潜力广阔、需求明确。公司目前数据中心SOFC 领域在手订单充沛，并与国内外 头部AI 企业持续深化合作，具备可观的盈利前景。随着国产供应链逐步成熟、产能稳步释放，未来订 单规模有望加速扩大，公司国产替代方案在性能与成本两端均展现出显著优势。 北美AI 电力紧缺逻辑持续演绎,全球龙头BE 再获大单：近期海外SOFC 龙头Bloom Energy 股价表现强 势，上涨近40%，主因其与美国电力公司（AEP）达成价值26.5 亿美元的燃料电池合作协议，印证北美 AI 电力紧缺背景下的行业景气持续。我们认为，潍柴动力作为产业链重要参与者，亦将受益于此趋 势。当前来看，SOFC 仍是交付效率最高的发电解决方案之一，预计未来1–3 年内仍将是填补电力缺口 的稀缺资源。 盈利预测：预计2025-2027 年公司营业总收入2,316.7、2,522.4、2,722.8亿元，归母净利润124.9、 140.4、160.7 亿元，维持"推荐"评级。 风险提示：政策效果不及预期；行业竞争加剧；原材料成本波动。 重卡主 ...

消息面上，隔夜美股Bloom Energy大涨12.81%。据报道，美国电力公司宣布与Bloom Energy达成价值 26.5亿美元的固体氧化物燃料电池采购协议。该公司计划在怀俄明州夏延附近开发并建设一座燃料电池 发电设施。中金公司此前研报指出，SOFC燃料电池系统或有望成为数据中心供电的新解法。预计2026 年至2030年北美数据中心年化平均SOFC装机规模或有望达到0.5GW至1.25GW。 智通财经APP获悉，潍柴动力(02338)早盘涨超6%，截至发稿，涨5.49%，报20.74港元，成交额1.4亿港 元。 2025年11月，潍柴动力与参股公司Ceres（希锂斯）签订制造许可协议，公司拟建立应用于固定式发电 市场的电池和电堆生产产线，部分关键部件由Ceres供应，产品将为AI数据中心、商业楼宇及工业园区 等场景提供电力。华创证券看好其未来有望充分受益于海外AI需求的增长。 ...

消息面上，隔夜美股Bloom Energy大涨12.81%。据报道，美国电力公司宣布与Bloom Energy达成价值 26.5亿美元的固体氧化物燃料电池采购协议。该公司计划在怀俄明州夏延附近开发并建设一座燃料电池 发电设施。中金公司（601995）此前研报指出，SOFC燃料电池系统或有望成为数据中心供电的新解 法。预计2026年至2030年北美数据中心年化平均SOFC装机规模或有望达到0.5GW至1.25GW。 2025年11月，潍柴动力与参股公司Ceres(希锂斯)签订制造许可协议，公司拟建立应用于固定式发电市场 的电池和电堆生产产线，部分关键部件由Ceres供应，产品将为AI数据中心、商业楼宇及工业园区等场 景提供电力。华创证券看好其未来有望充分受益于海外AI需求的增长。 潍柴动力（000338）(02338)早盘涨超6%，截至发稿，涨5.49%，报20.74港元，成交额1.4亿港元。 ...

东方电气（600875.SH）12月31日在投资者互动平台表示，东方电气在攀枝花、东方氢能产业园的相关 产线均正常推进建设。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：东方电气在攀枝花以及东方氢能产业园的燃料电池生 产线进展如何？分别已建成多少套？东方电气和中石化在江西合作成立公司，如今基础建设情况等怎么 样了？ ...

根据招股书显示，该公司自述是全球领先的独立膜电极供货商，专门从事催化剂涂层质子膜(CCM)及膜电极(MEA)的研发、量产及商业化。根据灼识咨询 的资料，以膜电极销量计，鸿基创能于2024年是中国最大的独立膜电极供货商及全球第二大独立膜电极供货商。 智通财经APP获悉，鸿基创能科技于6月27日所递交的港股招股书满6个月，于12月27日失效，海通国际、中信证券为联席保荐人。 ...

根据招股书显示，该公司自述是全球领先的独立膜电极供货商，专门从事催化剂涂层质子膜(CCM)及膜电极(MEA)的研发、量产及商业化。根据灼识咨询 的资料，以膜电极销量计，鸿基创能于2024年是中国最大的独立膜电极供货商及全球第二大独立膜电极供货商。 鸿基创能科技于6月27日所递交的港股招股书满6个月，于12月27日失效，海通国际、中信证券为联席保荐人。 | 27/06/2025 | 鴻基創能科技（廣州）股份有限公司 | 失效 | | --- | --- | --- | | | 27/06/2025 整體協調人公告 - 委任 四 | | | | 27/06/2025 申請版本(第一次呈交）全文檔案 四川多個案》 | | | | 好好切服中目二 沈八三台社員公瑞版七分瑞士被中扣4代体 十门儿童账儿刘论写后了曲(COV)及雄中机(AC)(KBIT(A) 昌文卫农业)() 好报)长1)站 | | ...

一、谷歌47.5亿收购Intersect传递出的信息 2025 年末的大瓜，谷歌母公司 Alphabet 宣布以 47.5 亿美元现金收购清洁能源基础设施公司 Intersect，这一交易并非简单的资产整合，而是 AI 企业为算力扩张保障能源供给的战略布局。 1.1 收购本质：为 AI 算力锁定能源保障 Intersect 的核心业务是 "光伏 + 长时储能 + 天然气调峰" 混合能源项目开发，其优势在于能将数据 中心电力配套周期从 1-2 年压缩至 90 天，使 PUE（电源使用效率）降至 1.1 以下。这一需求源于 AI 数据中心的电力缺口：随着单柜功率从 10kW 提升至 100kW，传统电网与柴油发电系统已难 以满足 "7×24 小时零中断、低碳化" 的运行要求。 1.2 技术铺垫：谷歌与 Bloom Energy 的长期合作 在收购 Intersect 前，谷歌已通过与 SOFC 龙头 Bloom Energy 的合作探索更优能源方案。其总部部 署的 400kW SOFC 装置已稳定运行超 3 万小时，碳排放较柴油发电降低 40%。2025 年 Bloom Energy 披露的订单显示，谷歌追加采购 ...