每經AI快(kuai)訊，安信證券研(yan)報(bao)指出，全釩(fan)(fan)(fan)(fan)(fan)液(ye)(ye)(ye)流(liu)(liu)電(dian)(dian)(dian)池(chi)儲能(neng)(neng)(neng)方興未(wei)艾，產業(ye)鏈各環節迎發展良機。1）上(shang)游資(zi)源(yuan)：當前釩(fan)(fan)(fan)(fan)(fan)資(zi)源(yuan)供需兩端均主(zhu)要來自鋼(gang)鐵行(xing)業(ye)，全釩(fan)(fan)(fan)(fan)(fan)液(ye)(ye)(ye)流(liu)(liu)電(dian)(dian)(dian)池(chi)有望成(cheng)(cheng)為(wei)未(wei)來重要的需求增(zeng)量(liang)，國(guo)內(nei)頭部釩(fan)(fan)(fan)(fan)(fan)資(zi)源(yuan)企業(ye)正積極布局(ju)相關領域(yu)；2）中(zhong)游制造集(ji)(ji)成(cheng)(cheng)：全釩(fan)(fan)(fan)(fan)(fan)液(ye)(ye)(ye)流(liu)(liu)電(dian)(dian)(dian)池(chi)儲能(neng)(neng)(neng)系統主(zhu)要包括功率單元(yuan)（電(dian)(dian)(dian)堆）與能(neng)(neng)(neng)量(liang)單元(yuan)（電(dian)(dian)(dian)解液(ye)(ye)(ye)）兩大(da)部分，當前產業(ye)鏈生(sheng)態初步(bu)建(jian)立，頭部全釩(fan)(fan)(fan)(fan)(fan)液(ye)(ye)(ye)流(liu)(liu)電(dian)(dian)(dian)池(chi)集(ji)(ji)成(cheng)(cheng)商(shang)一(yi)體化程度較(jiao)高；3）下游應用(yong)：短期內(nei)全釩(fan)(fan)(fan)(fan)(fan)液(ye)(ye)(ye)流(liu)(liu)電(dian)(dian)(dian)池(chi)的主(zhu)要應用(yong)場景為(wei)大(da)規(gui)模(mo)電(dian)(dian)(dian)網(wang)側(ce)/發電(dian)(dian)(dian)側(ce)項目，投(tou)資(zi)主(zhu)體為(wei)大(da)型發電(dian)(dian)(dian)/電(dian)(dian)(dian)網(wang)企業(ye)，長(chang)期來看全釩(fan)(fan)(fan)(fan)(fan)液(ye)(ye)(ye)流(liu)(liu)電(dian)(dian)(dian)池(chi)儲能(neng)(neng)(neng)在大(da)型工商(shang)業(ye)用(yong)戶側(ce)場景中(zhong)亦(yi)(yi)有廣闊的發展空(kong)間。現(xian)階段具(ju)備成(cheng)(cheng)熟全釩(fan)(fan)(fan)(fan)(fan)液(ye)(ye)(ye)流(liu)(liu)電(dian)(dian)(dian)池(chi)儲能(neng)(neng)(neng)產品/方案的廠商(shang)相對較(jiao)少，建(jian)議(yi)優先(xian)關注大(da)連融科、北京普能(neng)(neng)(neng)等起步(bu)較(jiao)早、技術(shu)領先(xian)、項目經驗豐富、一(yi)體化程度高的全釩(fan)(fan)(fan)(fan)(fan)液(ye)(ye)(ye)流(liu)(liu)電(dian)(dian)(dian)池(chi)儲能(neng)(neng)(neng)集(ji)(ji)成(cheng)(cheng)商(shang)。此外(wai)攀鋼(gang)釩(fan)(fan)(fan)(fan)(fan)鈦、河鋼(gang)股(gu)份(fen)等產能(neng)(neng)(neng)領先(xian)的釩(fan)(fan)(fan)(fan)(fan)資(zi)源(yuan)企業(ye)亦(yi)(yi)有望充分受益下游需求增(zeng)長(chang)。