Core Viewpoint - The urgent demand for AI computing power, combined with the global push for carbon emission reduction, will drive a major cycle in clean energy and new grid construction over the next 3-5 years [2][3] Energy Storage - The electricity shortage narrative continues in North America, with a resonance between the Chinese and American markets; the white paper on "China's Actions for Carbon Peak and Carbon Neutrality" further establishes the critical role of energy storage [2][3] Lithium Battery - The price of lithium iron phosphate continues to rise, with a significant increase in demand for power battery cells; the average price of lithium iron phosphate power batteries rose by 4.19% compared to the previous week [2][3] - Graphitization of negative electrodes is under pressure from demand growth and cost, leading to a strong desire for price increases among graphitization companies [2] Wind Power - Wind turbine prices and quantities continue to exceed expectations, with a positive outlook on the extent and duration of profit recovery; Jiangsu's plan for 35.8GW of wind power, with over 90% from offshore wind, is expected to boost the offshore wind sector [2][3] Photovoltaics - As the year-end approaches, the production schedule in the photovoltaic industry is seasonally weakening, but the decline in production is less than previously predicted; a total of 51GW of modules are expected to be produced, with a 4% decrease [3] - The ongoing electricity shortage and strengthened domestic carbon reduction goals may gradually trigger a recovery in market expectations for photovoltaic demand [3] Hydrogen Energy and Fuel Cells - The demand for Solid Oxide Fuel Cells (SOFC) is exceeding expectations, with new supply chain opportunities emerging; the position of hydrogen energy as a new growth pole in the "14th Five-Year Plan" is established [3][6] Industry Events - The State Council's white paper on carbon peak and carbon neutrality was released, and the National Energy Administration issued guidelines for the integration of coal and new energy [6] - The approval of the Panshi ultra-high voltage AC project, with a total investment of 23.2 billion, is expected to start construction in the first half of 2026 [6]