Core Insights - Two companies have recently signed significant energy storage cooperation agreements, indicating a growing trend in the energy storage sector [1] Group 1: Energies and Contracts - Nenghui Technology has signed a framework contract for 350MWh of energy storage with a European company, effective until December 31, 2026 [2] - The first batch of 20MWh sales under this contract has been executed, amounting to €2.5 million (approximately 20 million RMB), with a delivery period of 135 days post-payment [2] - Nenghui Technology is enhancing its efficiency through organizational changes and is focusing on large-scale energy storage, commercial energy storage, and solar-storage microgrid businesses [2] Group 2: Partnerships and Projects - Huawei Digital Energy has completed a project signing with Shenzhen Energy Group for the Shenzhen Energy Mawan Power Plant [3] - The collaboration aims to develop a new energy storage project that will support high-load density grid peak regulation and frequency modulation, enhancing power supply reliability and equipment operational safety [5]

公司深耕新能源领域，坚持"绿色事业、定能辉煌"的发展信念，在光伏行业"内卷化"竞争的挑战下，公 司实施"反内卷"策略，管理层通过组织变革和精细化管理提升管理效率，并积极拓展新兴业务储能业务 板块。近年来，公司不断升级储能技术和产品，研发了一体化液冷储能系统机柜NE233L、NE261L和 N20HC5000等系列储能产品，并重点布局海外大型储能与工商业储能和光储微网，通过发展当地代理 商、搭建自主销售渠道等方式逐步完善国际化网络。 格隆汇12月8日丨能辉科技(301046.SZ)公布，公司基于海外储能业务的战略布局，公司于近日与海外合 作方欧洲某公司（简称"X公司"）签署了350MWh储能框架合同及第一批销售合同，双方约定350MWh 合作目标，公司在2026年度向X公司销售包含电池储能系统（BESS）的相关产品。 ...

格隆汇12月8日丨能辉科技(301046.SZ)公布，公司基于海外储能业务的战略布局，公司于近日与海外合 作方欧洲某公司（简称"X公司"）签署了350MWh储能框架合同及第一批销售合同，双方约定350MWh 合作目标，公司在2026年度向X公司销售包含电池储能系统（BESS）的相关产品。 公司深耕新能源领域，坚持"绿色事业、定能辉煌"的发展信念，在光伏行业"内卷化"竞争的挑战下，公 司实施"反内卷"策略，管理层通过组织变革和精细化管理提升管理效率，并积极拓展新兴业务储能业务 板块。近年来，公司不断升级储能技术和产品，研发了一体化液冷储能系统机柜NE233L、NE261L和 N20HC5000等系列储能产品，并重点布局海外大型储能与工商业储能和光储微网，通过发展当地代理 商、搭建自主销售渠道等方式逐步完善国际化网络。 ...

深耕光伏电站系统集成业务，积累优质国央企客户资源。公司多年专注于光伏发电系统技术研发，目前 已充分掌握了集中式光伏电站系统设计、各类支架设计开发、分布式光伏整体技术方案及光伏电站智能 运维领域等系列核心技术，应用范围基本覆盖所有光伏电站类型。并且依托于专业的光伏电站研发设计 能力，公司与国家电力投资集团有限公司、中国电力建设集团有限公司和广州发展集团股份有限公司等 优质客户建立了良好的长期合作关系。 拓展新能源技术领域应用边界，增强智慧能源综合技术服务能力。公司前瞻布局智慧能源综合技术，不 断加大在光伏新能源领域、新型储能智能微电网领域、商用车充换电系统、新能源电站智能云运维系统 等领域的研发投入。商用车充换电系统方面，公司最新升级的"小蚁"换电机器人（AGV 2.31）创新性 地应用了无轨智能、AI 视觉识别、SLAM 激光定位等多项技术，实现了远距离（25M）定位导航、路 径规划、智能搬运等功能，可以在3 分钟内轻松更换重达三吨的重卡电池。此外，公司与蚂蚁数科签署 了业务合作协议，双方将于能源可信设备、新能源和常规能源AI智能体、充换电、智算和智能运维服 务等多个领域开展合作。 投资建议：我们预计公司25 ...

Core Viewpoint - The company is focusing on the large-scale commercial and industrial energy storage market in Europe and the Middle East, establishing a subsidiary in Amsterdam and developing local agents and sales channels [1] Group 1: Market Expansion - The company has set up a subsidiary in Amsterdam, Netherlands, to enhance its presence in the European market [1] - The company is actively developing local agents and sales channels in the targeted regions [1] Group 2: Product Development - The company has developed integrated liquid-cooled energy storage system cabinets, specifically the NE233L and NE261L series, which offer advantages such as intelligent connectivity, customized scenario adaptation, and ease of installation and maintenance [1] Group 3: Future Prospects - The company is currently negotiating cooperation with clients in the UK and Poland, anticipating a breakthrough in orders [1]

Group 1: Company Overview - Shanghai Nenghui Technology Co., Ltd. is a leading provider of renewable energy technology and product services, offering solutions in photovoltaic energy, new energy storage, commercial vehicle charging, and intelligent computing centers [2] - The company was founded by three alumni from prestigious universities, with over 30 years of experience in the energy sector, transitioning from traditional thermal power to renewable energy [2] Group 2: Business Development - The company has established a "four-in-one" business layout encompassing renewable energy R&D, technical services, product manufacturing, and investment operations [3] - Recent advancements include the development of autonomous charging robots and a comprehensive charging ecosystem that integrates equipment, software, and operational services [7] Group 3: Technological Integration - The company is pursuing a comprehensive strategic transformation by integrating renewable energy with AI, robotics, and computing power [3][4][5] - **Energy + AI**: Collaboration with Ant Group to develop AI-driven design and operational solutions for distributed photovoltaic power stations [3] - **Energy + Robotics**: Development of humanoid robots for energy operations, maintenance, and inspection [4] - **Energy + Computing Power**: Solutions for optimizing energy use in medium and large AIDC and MEC applications [5] Group 4: Market Expansion - The company is actively exploring overseas markets for large-scale energy storage, focusing on Europe and the Middle East, and has established a subsidiary in Amsterdam [7] - Recent contracts include a projected total value of ¥10,014.63 million for new energy battery assembly, expected to enhance market competitiveness in the charging and swapping business [7]