The 14th five year plan for scientific and technological innovation in the energy field was released. In order to provide a strong guarantee for building a clean, low-carbon, safe and efficient energy system, recently, the national energy administration and the Ministry of science and technology jointly prepared and issued the “14th five year plan for scientific and technological innovation in the energy field” (hereinafter referred to as the “plan”).
Major countries in the world have basically reached a consensus on energy transformation. In recent years, major countries in the world have regarded scientific and technological innovation as an important breakthrough to promote energy transformation. Global energy technological innovation mainly presents new trends and trends: first, renewable energy and new power system technologies are widely regarded as important drivers leading the transformation of global energy to green and low-carbon; Second, unconventional oil and gas technology has set off the shale oil and gas revolution sweeping the world and become the core force to subvert the global oil and gas supply pattern; Third, a new generation of nuclear energy technology characterized by safer, more efficient and more economical and its diversified applications have become the main direction of global nuclear energy science and technology innovation; Fourth, new technologies in information, transportation and other fields are deeply integrated with traditional energy technologies, and continue to breed and rise far-reaching new technologies, new models and new business forms.
There is still a significant gap between China’s energy science and technology innovation and the requirements of world powers and leading the energy revolution. After the first two five-year planning periods, China has made phased progress in promoting the revolution of energy technology. High proportion of renewable energy system technology, safe oil and gas supply technology, nuclear power technology, clean and efficient development and utilization technology of fossil energy, as well as new energy technologies, new models and new business forms have developed. However, China’s energy science and technology innovation is different from that of world powers There are still obvious gaps compared with the requirements of leading the energy revolution: first, there are still shortcomings in some energy technology and equipment; Second, the long board advantage of energy technology and equipment is not obvious; Third, the policy mechanism to promote energy science and technology innovation needs to be improved.
The construction and consumption of advanced renewable energy will be the primary focus. In terms of the development objectives of the 14th five year plan, the plan points out that the existing main short board technology and equipment in the energy field should basically achieve breakthroughs, the rapid rise of forward-looking and subversive energy technologies, and the continuous emergence of new business forms and new models, forming a number of new advantages of long board technology. In terms of key tasks, advanced renewable energy power generation and comprehensive utilization technology, new power system and its supporting technology ranked first and second. Large scale and high proportion renewable energy development and utilization, and supporting the construction of advanced power grids that adapt to the friendly grid connection of large-scale renewable energy and distributed power generation, two-way interaction between source and load, intelligent and efficient, and other measures to promote the consumption of new energy are the primary focus.
Major countries in the world have basically reached a consensus on energy transformation and have seized the commanding heights of development. In the context of energy transformation, the construction and consumption of renewable energy and the transformation of power system will be the long-term main line. In the long run, renewable energy power is expected to usher in double growth in volume and price. We maintain the investment rating of “optimistic” in the industry, continue to be optimistic about the three main investment lines of large hydropower, scenery operators and clean energy transformation, and suggest paying attention to power operators with good cash flow. Recommend Huaneng Lancang River Hydropower Inc(600025) , Sichuan Chuantou Energy Co.Ltd(600674) , China Yangtze Power Co.Ltd(600900) , Huaneng Power International Inc(600011) electric power, Datang new energy and other companies.
Risk tip: the implementation of carbon neutralization policy is not as expected; The reform of electricity marketization is less than expected; The construction and consumption of new energy are not as expected;
