为加快能源重大技术装备创新，有效推动能源领域短板技术装备突破，切实保障关键技术装备产业链供应链安全，我局根据各有关单位申请，经组织专家评审和复核，决定将“二代异质结太阳能电池生产装备”等 26 个技术装备列为第一批能源领域首台(套)重大技术装备项目。

为落实 2021 年“做好碳达峰、碳中和工作”重点任务，近期多部委密集发声，在加快调整优化产业结构、能源结构，推动煤炭消费尽早达峰，大力发展新能源等方面作出部署。

Electric buses are driven by an electric motor that is powered with the help of on-board batteries. As these buses run completely on battery itself, they require re-charging once drained, unlike refueling in case of ICE buses. E-buses are extremely efficient over ICE buses in terms of power delivery, torque, maintenance as well as are pollution free. Therefore, electric buses are considered as the future of the public transport systems. The e-bus market is driven by factors such as increase in demand for fuel-efficient, high-performance, & lowemission buses, stringent government rules and regulations toward vehicle emission, and reduction in battery prices. However, high manufacturing cost, and low fuel economy & serviceability restrict the market growth. Moreover, technological advancements, and proactive government initiatives creates lucrative growth opportunities for the market.

Smart meter data management is a software, which is used to validate, store, and make pre-processed meter data available for upstreaming the business application. In addition, smart meter is used by various key vendors for different purposes, which include helping organizations to manage their revenue by improving the meter quality & billing quality, providing accurate bill to end users, and helping consumers to improve their energy efficiency. The smart meter management system offers various advantages over the tradition metering system, including detection of energy theft, estimate meter readings, and better overall energy efficiency.

今日，国家统计局发布2020 年12 月发电量数据：2020 年12 月全国统计口径发电机组完成发电量7277 亿千瓦时，同比增长9.1%。

中欧美三大市场政策向好，全球电动化趋势明确。热门车型频出，优质供给将激发终端消费需求，国产特斯拉Model Y 和大众ID.4 今年开始销售，将带动行业销量高增长，我们预计今年全球新能源汽车销量将达到450 万辆以上。动力电池领域全球市场格局持续集中，宁德时代和LG 保持强势，同时二线电池企业加速扩产，外资车企客户不断拓展。磷酸铁锂正极材料阶段性占比提升，盈利触底反弹；三元正极行业格局随着高镍化和海外大客户放量而逐渐好转。负极环节格局相对稳定，第一第二梯队间公司差距逐渐缩小，未来看点或在硅碳负极。隔膜龙头优势持续扩大，海外和涂覆膜占比提升将带来盈利边际改善。电解液受益于六氟磷酸锂价格上涨，盈利有望持续提升。建议关注：（1）特斯拉及海外供应链：宁德时代、恩捷股份、天赐材料、当升科技、璞泰来、科达利。（2）阶段性供应紧张，有涨价预期环节：多氟多、德方纳米。（3）市场份额有较大提升空间的二线厂商：孚能科技、亿纬锂能、容百科技、中科电气、星源材质。

投资建议：对于电力板块，2020 年 1-11 月份用电量增长 2.5%，可见电力行业已经恢复到疫情前水平，各电力企业发电量预计与去年持平，电力公司整体业绩趋稳，但展望明年，境外疫情依然严重，制造业用电能否企稳增长尚存疑虑，建议配置不受疫情和供需影响的水电、核电公司。对于天然气板块，随着LNG 价格长期低迷，建议关注气源成本下降的深圳燃气。环保方面，固废运营类企业如垃圾焚烧与环卫行业，行业景气度高，垃圾焚烧由于环保排放趋严+国补政策退坡，环卫服务行业由于项目大型化、电动化趋势，龙头企业将受益行业集中度提升，推荐标的瀚蓝环境、城发环境、龙马环卫。

国家统计局公布12 月能源生产数据：发电量7277 亿千瓦时，同比增加9.1%；原煤产量3.5 亿吨，同比增加3.2%；天然气产量187 亿方，同比增加13.7%。

电池级溶剂技术难度高、行业格局优，未来市场空间宽广，属于新能源汽车产业链中的较优赛道，而当前受新能源汽车高景气影响，电池级溶剂需求旺盛，供给偏紧，整体价格存在上涨可能，当前产业链盈利也较为可观，我们判断相关的电池级溶剂企业盈利相较2020 年有望得到明显改善，建议关注石大胜华(603026，未评级)、新宙邦(300037，增持)、奥克股份(300082，买入)。