| 数据日期:2025-12-15 | 上证综指 | 深证成指沪深 | 300 指数 | 中小板综指 | 创业板综指 | 科创 50 | | --- | --- | --- | --- | --- | --- | --- | | 收盘指数（点） | 3867.92 | 13112.08 | 4552.05 | 13951.75 | 3811.58 | 1318.90 | | 涨跌幅度（%） | -0.55 | -1.10 | -0.63 | -0.69 | -1.38 | -2.22 | | 成交金额（亿元） | 7646.04 | 10088.34 | 4243.83 | 3406.62 | 4667.92 | 583.45 | $\frac{\pi\times6}{\pi\times6}$. (1998) (200) 证券研究报告 | 2025年12月16日 | 晨会纪要 | | --- | 宏观与策略 固定收益周报:转债市场周报-部分发行人展现较强转股意愿 固定收益周报:公募 REITs 周报（第 46 期）-指数震荡下行，产权类表现 更优 总量专题（首席经济学家团队）:投资增速回正靠 AI 和股市 行 ...

当发电的速度超过了电网消纳的速度，当投资的回报被政策与市场双重挤压，我们靠什么继续前行？ 《中国能源报》记者近日在山东 省规模最大的工商业储能项目——华勤绿能3 0MW/ 6 0MWh储能项目找到了解决答案。 ▲ 山东济宁华勤工业园 国家能源局最新统计数据显示，前三季度新增可再生能源3 . 1 0亿千瓦，太阳能独占2 . 4 0亿千瓦。但是，掌声未落，警报已响。随着《关 于进一步深化电力体制改革加快构建新型电力系统的指导意见》（以下简称" 1 3 6号文"）政策的落地，"消纳难"与"收益低"两大难题摆 在了光伏人面前。当发电的速度超过了电网消纳的速度，当投资的回报被政策与市场双重挤压，我们靠什么继续前行？《中国能源报》 记者近日在山东省规模最大的工商业储能项目——华勤绿能3 0MW/ 6 0MWh储能项目找到了解决答案。 光伏面临消纳难与收益低难题 我国可再生能源的扩张势头正以前所未有的速度刷新纪录。国家能源局最新数据显示，我国可再生能源装机总量已逼近2 2亿千瓦大关， 其中风电与太阳能发电合计装机更是突破1 7亿千瓦。仅今年前三季度，全国新增可再生能源装机就高达3 . 1 0亿千瓦，同比激增47 . 7%， ...

Core Insights - The article discusses the latest developments in energy storage projects from several companies, highlighting their contributions to the energy market and advancements in technology [1]. Group 1: Company Developments - CRRC Zhuzhou Institute has successfully connected a 120MW/240MWh grid-connected energy storage system for Jingjiang Special Steel Co., marking the establishment of China's first near-zero carbon steelmaking demonstration plant [2][4]. - The high-voltage direct-connected energy storage system developed by CRRC Zhuzhou Institute achieves a system cycle efficiency exceeding 92%, which is a 6% improvement over conventional low-voltage storage systems, and is expected to generate approximately 48 million yuan in additional revenue over its lifecycle [4]. - CATL has launched a 30MW/60MWh energy storage project in Shandong, which is the largest commercial energy storage project in the province, with an investment of 100 million yuan, aimed at reducing electricity costs by approximately 6.68 million yuan annually [6][8]. - Envision Energy has implemented a 250kW/524kWh energy storage project for Huayou, utilizing a smart liquid cooling system to manage power supply and demand effectively [9]. - Sungrow Power Supply has connected the first phase of an 800MWh energy storage project in Belgium, which is the largest of its kind in Europe, enhancing grid stability and providing clean energy to up to 96,000 households [10][12]. Group 2: Technological Innovations - The grid-connected energy storage system from CRRC Zhuzhou Institute features a unique H-bridge modular cascading design that eliminates the need for transformers, reducing energy loss and improving efficiency [4]. - The system's rapid response capability allows it to support instantaneous power and stabilize bus voltage within 20ms during high-load operations, ensuring energy quality and production continuity [4]. - The collaboration between Huayou and CATL has led to localized application of battery products, enhancing photovoltaic energy utilization by approximately 21.9 million kWh annually [8].