Huatai Securities: New energy accelerates transfer of value to the demand side of electricity, related equipment forms an investment opportunity.

Huatai Securities research report stated that recently, the National Development and Reform Commission and the National Energy Administration issued the "Notice on Orderly Promoting the Development of Green Electricity Direct Connection", clarifying the green electricity direct connection mechanism. This means that new energy sources such as wind power, solar power, and biomass power are not directly connected to the public grid, but instead supply green electricity to a single power user through direct connection lines. The principles of safety first, equal rights and responsibilities, and matching of sources and loads are clarified, with the goal of meeting the green energy needs of enterprises and improving the level of nearby and on-site integration of new energy sources. Huatai Securities believes that with the implementation of the green electricity direct connection mechanism, clear requirements for "source determination based on load" and responsibility division, new energy is accelerating its value transfer to the electricity demand side. This presents new application scenarios and requirements for load control, distributed power management, and grid interaction, creating investment opportunities in related equipment.