当前时点建议重视配网投资机会。配网板块具有预期低、可持续、增量新这几个显著特征。当下确定性的趋势是24年电网投资开始上台阶，配网投资中枢迎来上移。综合电网公司最新的投资计划，24年国内电网投资完成额有望突破6千亿元，同比增加近15%。过往 配网投资长年处于3千亿左右水平，随着配网高质量行动方案等政策的出台，新型配网的建设已按下加速键。与此同时，新型配网的投资结构正发生重大变化，以应对新能源高比例接入和电网稳定的新挑战，过往电网投资强主网、轻配网的模式将生变。当前市场对此的预期并不高，新型配网这一发展新篇章具备中长线投资价值。

储能：独立储能加速建设，关注 PCS 环节。当下时点看，国内大储需求主要驱动力仍为强配政策+竞配机制下的配储比例提升，但随各省容量租赁、辅助服务等收益模式完善，主要建设形式已由自建转向独立储能共享租赁，冗余度提升或带动项目超前建设。关注量增价稳，盈利有支撑的 PCS 环节。

欧洲九国7月新能源车注册量15.84万辆，同比-9%，环比- 31%，渗透率20%，同比-2.5pct，环比-2.4pct。整体来看，受淡季叠加欧洲关税执行影响，7月新能源车同环比增速低于乘用车总量（同/环比+2%/-23%）。分车型来看，7月电/插混销量分别为 10.5万辆/5.4万辆，同比-10%/-7%，环比-36%/-7%，纯电环比下滑明显系特斯拉纯电交付高基数影响。2024 年1-6月欧洲新能源车销量141.06万辆，同比+3%，我们下调欧洲2024年新能源车销量10万辆至310万辆，同比+5%。

今年 7 月末国网提出国家电网公司今年全年电网投资将首次超过 6000 亿元，比去年新增 711亿元。从投资总额看，6000 亿元以上的电网投资规模创下历史新高；从增速看，今年国网电网投资同比增长超过 10%，也是十三五以来的新高水平。对于国网未来的电网投资能力，我们通过本篇专题报告进行分析。

The growth of the studied market is being significantly fueled by the ongoing and upcoming smart city projects in several nations, the increased focus of governments worldwide on energy consumption, the rising demand for LED lights and luminaires for outdoor applications, and the expanding acceptance of standard protocols for lighting control systems. Commercial lights can be customized to fit any facility and its operations based on use.

Agrochemicals are broadly classified into two categories: fertilizer and pesticide. Fertilizers are segmented into three categories, which include nitrogenous, phosphatic, and potassic. Different segments of pesticides include insecticides, herbicides, fungicides, and others.

The global bio power market is expected to be driven by the rising need to control the emission of greenhouse gases. The growing concern over global warming, combined with deteriorating climatic and environmental circumstances as a result of excessive pollution, has compelled the development and deployment of clean and green energy. As a result, bio power a clean and green energy is predicted to increase at a large rate during the forecast period. Moreover, the depletion of energy resources is another factor anticipated to drive the demand for bio power in the market. As finite fossil fuel reserves decrease, the imperative to seek alternative, sustainable energy sources becomes increasingly urgent. This scenario underscores the growing significance of bio power as a viable and renewable energy solution.

进一步强化碳达峰碳中和标准计量体系建设行动，金融活水助力农村人居环 境升级与生态文明建设。8 月 8 日，国家发改委、市场监管总局、生态环境部发布的《关于进一步强化碳达峰碳中和标准计量体系建设行动方案（2024—2025 年）的通知》，指出，2024 年，发布 70 项碳核算、碳足迹、碳减排、能效能耗、碳捕集利用与封存等国家标准，基本实现重点行业企业碳排放核算标准全覆盖。2025 年，面向企业、项目、产品的三位一体碳排放核算和评价标准体系基本形成，重点行业和产品能耗能效技术指标基本达到国际先进水平，建设 100 家企业和园区碳排放管理标准化试点。充分发挥计量、标准作用，有效支撑我国碳排放双控和碳定价政策体系建设。