Stable output of geothermal power generation, the next outlet of new energy?

Kaishan is mainly engaged in air compressors and whole-process geothermal power generation (equipment, construction and operation), all of which are overseas. In 21 years, the revenue of air compressor was 2.67 billion, and the gross profit margin was 29.3%.

Purported net interest rate of 10% estimated net profit of about 270 million; The revenue of the earth power sector is 50 million US dollars 340 million yuan, it is said that the net profit rate of the power generation business is 50%, and the overall guess is 30%, and the estimated net profit is 100 million yuan. The total revenue was 3.48 billion, and the sum of the first two was 3.01 billion, which was 470 million short; Reported net profit of 300 million yuan, and the sum of the first two 370 million, the difference of 70 million, do not go to find.

Air compressor accounted for 7% of the domestic share, exports are increasing in the domestic decline, the basic disk is stable but there is no imagination space. The beauty of the mountain is the ground electricity.

The interior of the earth is hot, and the temperature near the center is extremely high. Geothermal energy can be used, cold bath, high temperature electricity generation. Indonesia has the largest reserves and the United States has developed the most, while China has done nothing.

The power generation industry, which was previously supported by technology, was not economically viable. Now it's close. China is moving. The world's mainland electricity is quiet, and the global total installed capacity at the end of 21 is only 16GW.

The screw air compressor of Kaishan is technically connected with the generator. Somehow, in 2016, Kaishan aimed at geopower, Fengli Yuli began to participate in the Indonesian and American markets. Six years of hard work, a firm footing opened up the situation, roughly so.

Geothermal power is strong and promising.

No raw material costs; Protected from rain or snow (and earthquakes?) Continuous and stable work, up to 8,000 hours per year; Not as flexible as thermal power, far more stable than scenery. It can't be used for peak balancing, but it doesn't require energy storage. The cost accounts for the advantage of energy storage.

The competition is completely focused on the construction cost, who spends less money on the same capacity who wins, compared with nuclear power is very good, the use of time is the same, less raw material costs, construction investment will not be more than nuclear power, no pollution and safety risks. Better than nuclear power, right? Hey, just compare it to nuclear power.

Geoelectricity was initially developed in a centralized centralized power station, in which several geothermal wellheads were packaged and developed together to share a large generator set. The investment cycle is long, 5-7 years to generate electricity, of course, the cost is high.

Behind the industry engaged in distributed power stations, a wellhead a unit, independent power generation rolling development, suddenly the situation is alive. Kaishan claims a unique distributed geothermal power plant, not necessarily, but it doesn't matter. Can do, did not see the charge or pay patent fees.

The geoelectric industry chain is short, and the technology should not be too complex and sophisticated, mainly to fight resources, capital and cost. In terms of technical innovation at the application level and in terms of keeping costs down, Chinese companies have proved themselves fierce.

Kaishan is so, take resources, build power stations, develop and improve equipment, improve technology and efficiency, do power generation operations. Overseas, it has gone through the whole process of geopower, taking resources, selling equipment, building power stations and generating power.

Most of Kaishan's ground power assets in Indonesia and the United States, electricity prices are about the same level as domestic, not much more expensive (did not see the detailed explanation of the post).

Currently 110.5MW in operation and 260MW under construction; The hand resources are about 1-1.5GW, because there is a 990MW stake in an Indonesian project to be delivered, and the figure is not easy to confirm. Seen A share power generation enterprises, the intuitive opening of this asset is too little.

However, due to the 8,000 hours of use time, 1GW of ground power is about 5-10 times that of photovoltaic, and 3/4 times that of wind power, it can still be taken out.

In summary, Kaishan shares in the domestic not to promote the background of power, alone in overseas broke out a road. After the exploration period, it is not easy to enter the stage of replication and then expansion, and it is worthy of respect.

21 Full year earth power business 50 million US dollars, 22 half a year about 0.8-100 million US dollars (21 years 50 million /2, minus equipment. China reported a 319% increase in electricity sales and EPC power plant construction).

22H1 revenue was 1.8 billion yuan, an increase of 1%, due to the decline of domestic air compressors and an increase overseas; Net income of 230 million increased by 53%, mainly from the sales of electricity business. The geoelectric plate began to increase in volume, and the prospect of overseas business was clear and high in certainty.