According to the actual operation of the power grid from 2018 to 2020, the output of new energy at the maximum load may be as low as 3% of the installed capacity, which poses a great challenge to the peak power balance. At this stage, conventional units such as thermal power still need to be guaranteed.
On November 3, the national development and Reform Commission and the National Energy Administration issued the national implementation plan for the transformation and upgrading of coal-fired power units. It is pointed out that we should further reduce the energy consumption of coal-fired power units, improve flexibility and regulation capacity, improve the level of cleanliness and efficiency, promote the clean and low-carbon transformation of the power industry, and help the national carbon peak and carbon neutralization goals to be achieved on schedule.
Coal saving and consumption reduction transformation. For coal-fired power units with a power supply coal consumption of more than 300g standard coal / kWh, we should speed up the creation of conditions to implement energy-saving transformation, phase out and shut down the units that cannot be transformed, and turn the qualified units into emergency standby power supply as appropriate. During the 14th Five Year Plan period, the transformation scale shall not be less than 350 million KW.
Heating transformation. Encourage existing coal-fired generating units to replace heating, actively shut down small boilers for heating and industrial steam supply, and carry out heating transformation for pure condensing units with heating conditions. On the premise of implementing the heat load demand, the transformation scale will strive to reach 50 million KW during the 14th Five Year Plan period.
Flexible transformation manufacturing. The flexibility transformation of existing coal motor units should be improved as much as possible. During the “14th five year plan” period, 200 million KW will be completed, the system regulation capacity will be increased by 30-40 million KW, and the consumption of clean energy will be promoted.
During the 14th Five Year Plan period, the flexible manufacturing scale of coal-fired power units will be 150 million KW.
Hangzhou Boiler Group Co.Ltd(002534) ：
The company is mainly engaged in the production and manufacturing of waste heat boiler and clean and environment-friendly energy generation equipment, and provides customers with energy-saving and environment-friendly equipment and overall solutions for energy utilization. It is the largest and most complete waste heat boiler manufacturer in China.
High order growth: in the mid-term report of 2021, the company added 5.7 billion yuan of orders, an increase of 85.4% over the same period last year, including 1.7 billion yuan of new orders for waste heat boiler, 1.1 billion yuan of new orders for clean and environmentally friendly energy equipment, 2.3 billion yuan of new orders for solutions and 600 million yuan of new orders for spare parts and services. By the end of June 2021, the company had achieved 7.79 billion yuan of orders on hand.
Waste heat boiler upgrading: China’s industrial waste heat resources are rich, but the utilization ratio is low. Under the constraints of energy conservation and emission reduction indicators, the market demand of China’s waste heat boiler is on the rise. Under the target of 30.60, the upgrading of traditional waste heat boiler and the adoption of incremental energy-saving and environmental protection equipment will increase the application of energy-saving and environmental protection scheme of waste heat boiler.
Gas turbine waste heat boiler: replacing coal power with gas power is an effective means of carbon emission reduction. The clean, low-carbon and flexibility of natural gas power generation will play an active role in the construction of power system dominated by renewable energy. There is a large market space for gas turbine waste heat boiler equipment supply market.
New energy storage field: the solar thermal power generation project independently developed, designed and manufactured by the company and applied to Qinghai Delingha 50MW tower molten salt energy storage project operates stably, and the average power generation achievement rate is the highest record in the same period after the same type of power station is put into operation in the world. On November 7, Hangzhou Boiler Group Co.Ltd(002534) (002534) announced that the company plans to acquire 51% shares of hep energy by means of share transfer and capital increase, and the final transaction price will not exceed 1.53 billion yuan. Hep energy is a national “specialized and new” small giant enterprise, mainly engaged in power auxiliary services such as new energy consumption, thermal power unit peak shaving and frequency modulation.
By the end of the 14th five year plan, the State Grid Corporation of China has proposed to build a support system covering the whole scenario of energy Internet, greatly improve the carrying capacity of digital infrastructure, achieve remarkable business empowerment, fully release data value, significantly enhance security protection capacity, and form an innovative, collaborative, efficient and open digital ecology of energy Internet. China Southern Power Grid proposes to fully promote the construction of digital power grid, develop digital industry, build a new form of power grid, a new business format of power grid enterprises and a new ecology of energy industry, and boost the revolution of energy consumption.
Power information communication mainly includes (1) platform layer construction. Cloud network infrastructure cloud network infrastructure is the basis of digitization. In terms of business, it is subdivided into communication infrastructure, computing infrastructure, value-added telecom operation business and cloud platform. (2) Digital application layer construction, including enterprise general digital application and power digital application. Enterprise general digital application is oriented to large and medium-sized enterprises and provides products and services such as ERP, enterprise portal, enterprise operation visualization and enterprise operation support. Power digital application refers to the company’s provision of software and hardware products, overall solutions and application services in power production, sales and use.
Power information and communication front-line enterprises mainly include State Grid Information&Communication Co.Ltd(600131) , Nari Technology Co.Ltd(600406) , Ygsoft Inc(002063) .
(Yingda securities)
