Event overview
On March 21, the national development and Reform Commission and the National Energy Administration jointly issued the implementation plan for the development of new energy storage in the 14th five year plan. The implementation plan pointed out the development goal of new energy storage. By 2025, the new energy storage will enter the stage of large-scale development from the initial stage of commercialization and have the conditions for large-scale commercial application. The performance of electrochemical energy storage technology was further improved and the system cost was reduced by more than 30%. By 2030, new energy storage will be fully market-oriented.
Core view:
The implementation plan points out the development direction of new energy storage and promotes the integrated development of new energy storage and all links of power system
The implementation plan is divided into eight parts, including overall requirements, six key tasks and safeguard measures. Among them, the six key tasks are to deploy the key tasks of the development of new energy storage in the 14th five year plan in key areas such as technological innovation, pilot demonstration, scale development, institutional mechanisms, policy guarantee and international cooperation.
The implementation plan proposes that the key research directions of new energy storage core technology and equipment in the 14th five year plan are diversified technology, whole process safety technology and intelligent regulation technology. Focus on the key technologies of Intelligent Collaborative Control of large-scale energy storage system clusters, carry out collaborative research on distributed energy storage systems, and strive to solve the power grid control problems caused by the high proportion of new energy access. Relying on big data, cloud computing, artificial intelligence, blockchain and other technologies, carry out research on key technologies in the fields of multi-functional reuse of energy storage, demand side response, virtual power plant, cloud energy storage, market-oriented trading and so on.
In addition, the implementation plan also proposes to deepen the pilot demonstration of different application scenarios. Focus on various application scenarios of new energy storage on the power supply side, power grid side and user side, select a number of new energy storage demonstration pilot projects, and formulate differentiated support policies in combination with different application scenarios. Combined with the pilot demonstration project, deepen the research on Key Technologies of energy storage equipment, system integration, planning and design, dispatching and operation, safety protection, test and evaluation under different application scenarios.
We believe that the implementation plan defines the future development direction of energy storage. On the power side, accelerate the construction of system friendly new energy power stations. On the power grid side, energy storage is configured at key nodes to improve the safe and stable operation level of the power grid and enhance the power supply guarantee capacity in weak areas of the power grid. On the user side, it provides users with customized energy use services and improves users' flexible adjustment ability.
The energy it industry chain companies with energy storage business will benefit first, and Longshine Technology Group Co.Ltd(300682) & Dongfang Electronics Co.Ltd(000682) is recommended
1. Longshine Technology Group Co.Ltd(300682) : the leader of power sales informatization, giving priority to the opening of energy storage application scenarios
(1) layout SaaS capacity of optical storage and charging integrated charging station. Xindiantu aggregate charging platform has been connected to more than 400 charging pile operators, and has realized the connection with the platforms of head operators such as national home appliance network, China Southern Power Grid, special call, star charging and cloud fast charging. The number of operating charging piles is more than 300000, and the number of serving new energy charging motor vehicles is more than 2.1 million. The aggregate charging capacity in 2021 is nearly 560 million kwh, which is nearly 8 times that in 2020. In the future, with the emergence of various energy storage application scenarios on the user side and the opening of users' flexible adjustment ability, Longshine Technology Group Co.Ltd(300682) is expected to usher in new performance growth points relying on the new power path platform.
(2) distributed photovoltaic SaaS capability. The implementation plan proposes to develop large-scale photovoltaic bases in areas rich in new energy resources. Due to the inseparable characteristics of energy storage and new energy power generation, the accelerated development of energy storage market is bound to accelerate the development of photovoltaic industry Longshine Technology Group Co.Ltd(300682) as a leading distributed photovoltaic SaaS enterprise, Langxin's photovoltaic cloud platform has been connected to more than 10000 photovoltaic power stations. The company's building smart energy-saving service platform has also achieved breakthroughs for hospitals, enterprises, parks and other customers. With the acceleration of energy storage and photovoltaic construction, the demand for power grid informatization in different scenarios will erupt in the future, which will benefit the photovoltaic SaaS business.
2. Dongfang Electronics Co.Ltd(000682) : layout the EMS and PCs links of energy storage, which is expected to form a clamping capacity in the energy storage market
(1) traditional business: comprehensive benchmarking of the company's power and power grid related products and businesses Nari Technology Co.Ltd(600406) . The business covers a wide range, including power generation end, power transmission and transformation end, power consumption end and other links. In the future, with the large-scale development of energy storage, it will usher in greater challenges to the power grid, especially power transmission and transformation, so as to stimulate the performance improvement of power and power grid related products.
(2) energy storage business: the company mainly arranges energy management system (EMS) and energy storage converter (PCS). At present, EMS has been applied in the energy storage field of industrial park projects. Facing the gradual clarity of energy storage market policy, the huge incremental market is expected to bring incremental elasticity of performance to the company.
Investment advice
In the development of energy, intelligence and digitization are the top priority. It empowerment has been fully reflected in all energy sectors and sub industries. Continue to make core recommendations: energy SaaS leader Longshine Technology Group Co.Ltd(300682) , distribution network dispatching pioneer Dongfang Electronics Co.Ltd(000682) , domestic energy BIM software leader Beijing Forever Technology Co.Ltd(300365) . Other beneficiaries include: State Grid Information&Communication Co.Ltd(600131) , Ygsoft Inc(002063) , Nari Technology Co.Ltd(600406) , China Southern Power Grid technology, Kodak automation, Zeyu intelligence, Shanghai Nenghui Technology Co.Ltd(301046) , Zhiyang Innovation Technology Co.Ltd(688191) , Runa Smart Equipment Co.Ltd(301129) , etc.
Risk tips
1) risk that the technological transformation process of new energy power generation is less than expected; 2) The construction of energy informatization is less than the expected risk; 3) Macroeconomic downside risks.
