"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 轻绿科技成立于2022年，是一家专注于小功率氢燃料电池系统研发与产业化应用的高科技企业。公 司自主研发的"轻绿H1v1"液冷型百瓦级氢燃料电池系统，是国内首批实现规模化量产的小功率液 冷燃料电池产品，填补了该细分领域的技术空白。 轻绿科技总经理杨坤指出， 在共享两轮车及城市通勤车运营中，频繁更换电池是推高运营成本的 关键因素之一。停机换电所带来的时间损失、持续投入的人力成本以及电池损耗带来的资金压力， 共同制约了运营效益的提升。 势银年会： 2025势银氢燃年会（1月6-8日，宁波） 点此报名 添加文末微信，加 燃电 群 近日， 势银调研了小功率氢燃料电池系统解决方案提供商——四川轻绿科技有限公司 ，就企业产 品研发、应用现状及未来趋势预判进行了交流。 氢能两轮车：以长寿命、高效率推动运营变革与产业链协同 为应对这一痛点，轻绿科技推出搭载自研液冷型氢燃料电池系统的氢能单车。该车型具备长寿命和 环境适应性强等核心优势，电堆系统采用液冷散热技术，确保电池在-10℃至50℃宽温区内稳定运 行，有效降低温度波动对电池性能的影响。系统设 ...

Investment Rating - Industry rating: Overweight [1] Core Insights - The offshore wind projects are progressing steadily, and photovoltaic module prices have increased again [1] - The photovoltaic sector is expected to benefit from a recovery in fundamentals and gradual policy implementation, approaching a right-side startup phase [20] - The energy storage sector is seeing unexpected growth in demand for lithium batteries used in data centers, with a focus on data centers and storage PCS segments [24] - The hydrogen energy industry is accelerating development due to strong policy support and increased investment and mergers within the sector [35] - The construction of high-voltage direct current (HVDC) projects is expected to maintain a high level of prosperity in 2025, with significant opportunities in the ultra-high voltage sector [39] Summary by Sections Photovoltaics - N-type module prices increased by 0.02 CNY/W, driven by demand from 430 and 531 projects, with production ramping up in March [12][19] - The photovoltaic sector's performance tracked a 1.67% increase, outperforming the market [12] - The industry is expected to see a price recovery in Q1 2025, with a focus on companies capable of navigating through cycles [20] Wind Power - The wind power sector saw a 2.53% increase, outperforming the market, with a significant rise in new installations in 2023 [21] - The market sentiment is boosted by the unexpected commencement of offshore wind projects, with a focus on tower and foundation segments [21] - Investment recommendations include undervalued stocks and those benefiting from offshore wind projects [21] Energy Storage - The energy storage sector is witnessing a robust demand for lithium batteries, particularly in data centers, with a focus on improving profitability models [24][30] - Notable growth in energy storage sales and margins reported by leading companies like CATL [24] - Various provinces are enhancing their energy storage subsidy policies, indicating a supportive environment for growth [25][26] Hydrogen Energy - Multiple provinces are actively promoting hydrogen energy development, with significant investments and mergers accelerating within the industry [35][37] - The establishment of hydrogen production and storage projects is gaining momentum, with a focus on comprehensive hydrogen energy ecosystems [36] - The market is expected to see a restructuring of the hydrogen energy landscape due to major transactions and strategic partnerships [37] Electric Grid Equipment - The commencement of the Gansu-Zhejiang ±800 kV HVDC project is a key development, with expectations of high demand for related equipment [39][40] - The construction of high-voltage transmission lines is projected to enhance the clean energy utilization capacity in the northwest region [39] - Investment recommendations focus on undervalued companies in the electric grid sector, particularly those involved in ultra-high voltage projects [39] Electric Vehicles - Domestic policies are focusing on consumption upgrades and technological industries, with initiatives to promote the replacement of old vehicles [41][42] - The automotive sector is expected to benefit from government support for electric vehicle upgrades and new energy vehicle development [41][44]