Hello my dears,

so that you have something to read and analyze for Easter. There's another one for you in the evening:

EASTER special

If this unnecessary war is about the destruction of important infrastructure that ensures the survival of humans and animals. It is certainly not a pleasant and enjoyable topic.

The Pope has taken a stand on this war today and has found clear words.

I hope that these words have reached the right people.

But as investors, we are of course also concerned about this issue. From the perspective of who are the specialists here and who can rebuild this important infrastructure.

Ladies and gentlemen, let's discuss this in the comments. I'm looking forward to it.

Is a war over water looming in the Middle East?

Attacks on water facilities are rather rare in wars, but they have dramatic consequences. In Bahrain and Iran, authorities recently reported an attack on a desalination plant - such facilities are vital for millions of people in the Middle East. Water economist Esther Crauser-Delbourg warns of a war "far more devastating than the current one" in the event of targeted attacks on water.

What is the significance of desalination plants?

The Middle East is one of the driest regions in the world and is therefore dependent on desalination for water production. According to a study published in the journal Nature, 42 percent of the world's desalination capacity is located in the region. In the United Arab Emirates, 42 percent of drinking water comes from such plants, in Kuwait it is 90 percent, in Oman 86 percent and in Saudi Arabia 70 percent, according to a study by the French research institute Ifri. "Without desalinated water there is nothing",

Desalination plants play an important role in Kuwait's drinking water supply. An Iranian attack has now severely damaged two power plants with such facilities.

05.04.2026

Wichtige Kraftwerke getroffen: Schwere Schäden in Kuwait durch iranischen Angriff - ntv.de

On Sunday, an Iranian drone hits a seawater desalination plant in Bahrain. Millions of people in the Gulf States depend on such facilities. An escalation of the attacks would have devastating consequences.

10.03.2026

Entsalzungsanlagen im Visier: Droht im Nahen Osten ein Krieg um Wasser? - ntv.de

🌍 What happens if desalination plants in the Middle East are damaged?

Destruction of such plants leads to:

• Acute water shortage
• Need for emergency supplies
• Need for reconstruction
• Need for engineering expertise
• Need for spare parts, membranes, pumps, control technology

🧩 Industries that are typically in greater demand in such situations

1️⃣ Engineering & consulting companies

They are needed for damage analysis, reconstruction planning and environmental assessments.

Examples (neutral, without rating):

• Tetra Tech
• AECOM
• WSP Global

These companies supply planningnot construction.

2️⃣ EPC companies (Engineering, Procurement, Construction)

They are contracted for repair and reconstruction.

Typical players in the Middle East:

• Doosan Enerbility
• Hitachi Zosen
• Acciona
• Metito (not listed)
• Veolia / Suez (for operation & modernization)

3️⃣ Manufacturer of membranes, pumps, control technology

When RO systems are damaged, components need to be replaced.

Typical global suppliers:

• DuPont Water Solutions (membranes)
• Toray Industries (membranes)
• Xylem (pumps, sensors)
• Grundfos (pumps)
• ABB / Siemens (control technology)

🌊 Listed companies with a focus on planning

1.🔹 Tetra Tech - (Ticker TTEK) $TTEK (-1,8 %) (@Simpson )

• Leading consulting and engineering company focusing on water, environment, infrastructure and high-end engineering.
• Asset-light business model: provides planning, analyses, environmental assessments, digital water solutions - but does not build plants itself.
• Strong in the area of "Digital Water": data analysis, monitoring, SCADA systems, optimization of water infrastructure.
• Active worldwide, including projects in the Middle East (feasibility studies, environmental assessments, technical consulting).
• High margins for the industry (EBITDA ~10-12%) and stable demand from long-term infrastructure and government projects.
• Role in desalination market: enabler/consultant - supports planning & optimization, but not EPC contractor or operator.

Year Earnings p share Earnings growth

2025 0,80

2026 1,33 +65,59 %

2027 1,47 +12,01 %

2028 1,58 +6,09 %

Year P/E ratio PEG

2025 36,08 +0,55

2026 20,11 +1,91

2027 18,20 +2,54

2028 16,98 +1,83

Year Dividend Yield

2025 0,21 0,72 %

2026 0,22 0,82 %

2027 0,26 0,97 %

2028 0,29 1,09 %

(in euros)

2.🏗️ AECOM - (Ticker ACM) $ACM (-1,44 %)

• One of the largest engineering and infrastructure consulting firms in the world, focusing on large-scale projects in water, transportation, energy and environment.
• Strong in water infrastructure, including planning, optimization and modernization of desalination plants, waterworks and distribution networks.
• Not an EPC contractor but, like Tetra Tech, a high-end engineering and consulting player (feasibility studies, design, project management).
• Very active in the Middle East, especially in government and mega projects in Saudi Arabia, UAE and Qatar (water, energy, smart cities).
• Asset-light business model with stable, recurring revenues from long-term infrastructure and government contracts.
• Market positioning: One of the top 3 global engineering service providers, often leading the planning & management of large water and desalination projects.

Year Earnings p share Earnings growth

2025 3,63

2026 4,61 +34,68 %

2027 5,65 +14,88 %

2028 6,11 +8,66 %

Year P/E ratio PEG

2025 22,64 +0,84

2026 15,84 +0,71

2027 12,94 +1,59

2028 11,97

Year Dividend Yield

2025 0,66 0,80 %

2026 0,74 1,01 %

2027 0,83 1,13 %

2028 1,23 1,68 %

(in euros)

🌐 WSP Global - (Ticker WSP) $WSP (-4,29 %)

• One of the largest engineering and consulting service providers worldwide, with a focus on infrastructure, environment, water, energy and urban development.
• Very strong in water & desalination, especially in planning, optimization, hydraulic modelling and technical studies for large scale plants.
• Not an EPC contractor but, like AECOM and Tetra Tech, a high-end engineering and consulting player with a focus on design, project management and technical expertise.
• Active worldwide, including the GCC region (Saudi Arabia, UAE, Qatar), where WSP is frequently involved in mega projects - from water infrastructure to smart city systems.
• Asset-light business model with stable, recurring revenues from government and infrastructure projects; margins typically solid for the industry.
• Market positioning: One of the top 3 global engineering groups, often leading complex water and environmental projects, including desalination.

Year Earnings p share Earnings growth

2024 3,36 22,45 %

2025 4,59 +36,67 %

2026 5,34 +17,26 %

2027 7,08 +34,76 %

Year P/E ratio PEG

2024 48,84 +1,28

2025 33,67 +2,05

2026 25,57 +0,79

2028 19,30

Year Dividend Yield

2024 0,93 0,59 %

2025 0,93 0,60 %

2026 0,93 0,68 %

2027 0,93 0,68 %

(in euros)

🌊 Listed companies with a focus on repair and reconstruction

1.💧 Acciona - (Ticker ANA) $ANA (+2,14 %)

• Spanish infrastructure and energy group, one of the world's leading providers of water, desalination and sustainable infrastructure.
• Strong EPC player: Acciona plans, builds and operates large seawater desalination plants (RO technology) - in contrast to Tetra Tech, which primarily provides consulting services.
• Very active in the Middle East, especially in Saudi Arabia, the UAE and Qatar; involved in several of the largest RO plants in the region.
• Technology focus on energy-efficient RO systems, often combined with renewables (solar + RO).
• Solid margins and stable demand as water infrastructure is growing strongly worldwide; business model less volatile than traditional EPC groups.
• Market positioning: One of the top 3 global RO desalination providers, with a strong track record in mega projects.

Year Earnings p share Earnings growth

2025 14,74 +90,44 %

2026 8,99 -39,06 %

2027 9,53 +7,23 %

2028 9,83 +2,82 %

Year P/E ratio PEG

2025 12,61 -0,32

2026 25,77 +4,24

2027 24,30 +7,77

2028 23,56 +8,58

Year Dividend Yield

2025 5,54 2,98 %

2026 5,63 2,43 %

2027 5,91 2,55 %

2028 5,93 2,56 %

(in euros)

🌊 Listed companies with a focus on seawater desalination

🔹 1. Veolia Environnement (Euronext: VIE / OTC: VEOVY) $VIE (+1,44 %)

• Global leader in water, waste and energy services
• Very active in the Middle East (Saudi Arabia, UAE)
• Major projects in Saudi Arabia, UAE, Oman, Qatar
• Operates and builds large RO desalination plants

Year Earnings p share Earnings growth

2025 1,71 +17,93 %

2026 2,33 +43,37 %

2027 2,50 +9,24 %

2028 2,77 +11,92 %

Year P/E ratio PEG

2025 17,38 +0,48

2026 14,38 +1,88

2027 13,36 +1,24

2028 12,06 +0,72

Year Dividend Yield

2025 1,50 5,05 %

2026 1,62 4,83 %

2027 1,77 5,29 %

2028 1,92 5,72 %

(in euros) ⬆️ @Dividendenopi

2. ecolab (NYSE: ECL) $ECL (-1,51 %)

• Provider of water treatment technologies, incl. membrane and desalination solutions

Strong in the industrial sector, increasingly also in the Middle East

Year Earnings p share Earnings growth

2025 6,28 -1,22 %

2026 7,06 +15,33 %

2027 8,26 +14,96 %

2028 9,39 +12,41 %

Year P/E ratio PEG

2025 36,06 +2,90

2026 32,29 +1,90

2027 27,59 +2,03

2028 24,29

Year Dividend Yield

2025 2,31 1,02 %

2026 2,51 1,10 %

2027 2,72 1,19 %

2028 3,02 1,32 %

(in euros)

🔹 3. Consolidated Water Co. Ltd (NASDAQ: CWCO) $CWCO (-1,2 %)

• Specializes in seawater desalination
• Operates plants in the Caribbean, but is expanding into regions with water shortages
• - Small but growing - increasingly active in regions with water stress
• - Potential beneficiary of GCC outsourcing

Year Earnings per share P/E ratio

2025 1,14 30,85

2026 1,05 32,37

2027 1,54 22,07

🔹 4. American Water Works (NYSE: AWK) $AWK (-1,07 %)

• Largest listed water utility in the USA
• Active in desalination technologies, including for coastal regions

Year Earnings per share Earnings growth

2025 4,91 +5,57 %

2026 5,27 +7,12 %

2027 5,69 +7,79 %

2028 6,17 +8,22 %

Year P/E ratio PEG

2025 22,93 +3,17

2026 22,64 +2,79

2027 20,94 +2,52

2028 19,33 +2,05

Year Dividend Yield

2025 2,86 2,54 %

2026 3,04 2,55 %

2027 3,28 2,75 %

2028 3,53 2,96 %

(in euros)

🔹 5. Hitachi Zosen Corp (TSE: 7004)

• Japanese plant manufacturer
• Builds large desalination plants, e.g. in the Middle East
• Long-standing partner in Saudi Arabia & UAE

🔹 6. Suez (formerly EPA: SEV - now part of Veolia, but still active)

• Strong in membrane and thermal desalination plants
• Large projects in Saudi Arabia, Qatar, UAE

7. ACWA Power (Tadawul: 2082) - Saudi Arabia

• One of the most important companies in the Middle East for desalination
• Operates the gigantic RO plants, among others Rabigh, Shuaibah, Jubail
• Focus: water + energy + PPP models
• Very strong regional player

ACWA Power Co. is included in 78 ETFs.

3% weighting in Franklin FTSE Saudi Arabia UCITS ETF (FLXS) $FLXS (+0,08 %)

8. Doosan Enerbility (KRX: 034020)

• South Korean large-scale plant manufacturer
• Leader in MSF/MED plants
• Projects in Saudi Arabia, Kuwait, UAE

Doosan Enerbility Co, Ltd. is included in 141 ETFs.

4.98% weighting in UBS Nuclear Economies UCITS ETF USD acc

(BCFW) $IE0009TPHUV6 (-2,32 %)

🏆 Summary for investors

• ACWA Power = the GCC champion (direct exposure to Saudi megaprojects).
• Veolia = global water blue chip with stable cash flows.
• Doosan & Hitachi Zosen = EPC exposure, benefits from large projects.
• Xylem = technology supplier, less cyclical.
• CWCO = small-cap growth, but volatile.

🌍 Why the Middle East in particular?

• Region holds over 50 % of the global desalination market
• Saudi Arabia, UAE and Qatar are investing heavily in large-scale RO plants

Dear all, thank you for reading.

For centuries, the North Sea has been regarded as a rough marginal sea. Now it is set to become the heart of Europe's energy supply. There are already 1600 wind turbines off the coasts, but this is just the beginning: electricity generation from offshore wind power is to be increased almost tenfold by 2050. This was decided by the energy ministers at the North Sea Summit in Hamburg on Monday.

The pact has the clear aim of dovetailing energy and industrial policy with increasingly important security interests. The ministers' plans go far beyond wind farms. The North Sea is to become a cross-border electricity hub that will make Europe less dependent on fossil fuel imports, stabilize electricity prices and give industry long-term planning security.

It is a course-setting move that is also being perceived on the financial markets. The long-term expansion plans are changing expectations for a sector that already celebrated a strong comeback last year. The industry is receiving an additional tailwind from the rapidly growing and ongoing energy requirements of digital technologies of the future, above all artificial intelligence, whose data centers require enormous amounts of reliable and affordable electricity. The sector is currently experiencing the perfect moment to become the new megatrend itself.

This should give investors hope, especially in combination with upcoming projects such as the North Sea Pact. After all, this involves up to 100 gigawatts of generation capacity being made available across borders. This would give both the wind energy and grid industries planning and investment security beyond 2030.

In return, the industry undertakes to reduce the costs of electricity generation by a total of 30 percent by 2040. In addition, around 9.5 billion euros are to be invested in new production capacities in Europe by 2030 and 91,000 additional jobs are to be created. According to "Wind Europe", a wind association, 32 million households can already be supplied with electricity from offshore wind energy today. With 300 gigawatts in 2050, this figure could grow to more than 330 million.

It is a new long-term perspective in the sector that should arouse the curiosity of private investors. It feeds the hope that the financial recovery in the sector reflects a lasting change in fundamentals - and that it will not fade away as quickly as it started. For example, UBS expects earnings growth in Europe this year. "The most attractive opportunities come from renewable energies and structural investments in Europe," says strategist Gerry Fowler.

Renewable energies are particularly in focus, supported by more than two trillion euros of investment in power grids and clean energy. Electrification companies are likely to benefit from supportive regulation and continued infrastructure spending.

The strategist leads Energias de Portugal
$EDP (+0,55 %) as an example. EDP is one of the largest energy suppliers in Europe. With a market value of 17.5 billion euros, the company is currently the most valuable Portuguese company. The shares are currently trading at 4.24 euros. That is an increase of 6 percent since the beginning of the year and an increase of 50 percent in the past year. And: according to analysts, EDP's potential has not yet been exhausted. Ten experts recommend buying the share. The average target price is around 4.6 euros, with some firms even expecting the share to rise to around 5.9 euros. The Group's dividend yield is 4.7 percent.

According to Gerry Fowler from UBS, the general conditions are currently creating new global champions in the areas of renewable energies, electrification, defense and infrastructure. He specifically highlighted European stocks such as Acciona
$ANA (+2,14 %) and Rexel
$RXL (+2,74 %) as companies that are turning local advantages into international growth. Another example is Prysmian $PRY (+8,35 %). The Italian company is the world's largest and most successful manufacturer of energy and telecommunications cables. The shares are trading at 98.06 euros, up 9 percent since the beginning of the year.

While UBS is putting the green underdogs in the spotlight, other analysts continue to focus on big names such as Siemens Energy $ENR (+0,42 %), Ørsted $ORSTED (+1,93 %) and Engie (GDF Suez) $ENGI (-0,39 %).

Also First Solar
$FSLR (+2,29 %) analysts also believe that First Solar will achieve a turnaround after a weak start to the new year with a drop of 11 percent. With a market capitalization of around 26 billion US dollars, the solar giant production power plant for large-scale systems is a heavyweight. Analysts are expecting a sharp jump in profits.

Earnings per share are expected to rise from an estimated USD 14.61 last year to USD 23.30 this year. An increase of more than 56 percent. The drivers are the high order backlog and new production capacities, including a planned 3.7 gigawatt factory in the USA, with which the company intends to convert additional demand directly into revenue.

The analysts also see potential in Longi Green Energy Technology $601012. The Chinese company specializes in the manufacture and sale of photovoltaic panels and solar energy products. The company is not only active on the Asian market, but is also increasingly present on the global market.

Source text (excerpt) & graphic: WELT

Good morning, dear getquin community.

I've been looking closely at the CSP hybrid ecosystem from China recently and listened to an interesting article by futurologist Lars Thomsen. Today I would like to tell you why I think this system is one of the most exciting energy projects of the coming years. I don't want to withhold the results of this research from you.

Before we get into the topic, a quick word about the last post.

Thank you for your strong interaction, support, likes and participation. It was good to see that so many of you sent a clear signal to getquin to finally get things moving. It was just as nice to see that it @Tenbagger2024 motivated you to carry on and give new impetus. It's moments like this that keep the community together.

Speaking of momentum.

Today I'm giving you a new one. Because what is currently being built in China is more than just an energy project. It is a blueprint for an infrastructure that, in my eyes, puts coal and nuclear power plants in the shade.

Before we start, a quick note. I already wrote a first post on this topic. I'm now building on this, but in a much more comprehensive, clearly structured way and with more details so that the connections are easier for you to grasp.

I also @SAUgut777 had already addressed the topic back then, so I would like to mention him here as well. I'm including the link to my earlier article, China is reshaping the sun and Energy 4.0 Part 1. https://getqu.in/OIMCfh/
https://getqu.in/G4f1Tk/

The global energy transition will not be won by individual technologies but by integrative systems that must fulfill two decisive factors: Scalability and base load capability . What we are currently seeing in China is the construction of the most modern energy infrastructure that radically solves the decades-old problem of solar and wind volatility. Not with wind turbines and solar panels alone, but with a system that supplies base load, integrates storage and enables scaling. The centerpiece is the CSP Hybrid Ecosystemin which solar thermal energy, photovoltaics and gigantic battery storage units are combined to create a continuous 24/7 power source power source.

Technically explained: The new paradigm is the CSP hybrid ecosystem. It combines the rapidly erected photovoltaic (PV) fields with the thermal storage of Concentrated Solar Power (CSP) plants and complements both with massive Battery Energy Storage System (BESS). This intelligent coupling provides stable electricity 24 hours a day, 7 days a week and makes the system a direct and superior competitor to coal and nuclear power.

How the system works

1. mirrors collect sunlight

The surface at the bottom left consists of many movable mirrors (heliostats, point 1).

They are constantly aligned with the sun and focus the light onto the top of the tower (reflected sunlight, point 2).

2. the tower heats a heat medium

The solar oven (3) is located at the top of the tower.

There, the concentrated light hits a system of pipes through which a heat-conducting fluid runs (typically molten salts or oil).

This fluid becomes extremely hot, often several hundred degrees (4).

3. heat is converted into vapor

At the bottom of the building, the hot fluid transfers its energy to water in the steam generator (6), turning it into steam under high pressure (7). Pumps (5) keep the cycle going: hot fluid → cooled fluid → back up into the tower.

4. turbine and generator produce electricity

The pressurized steam drives a turbine (8). The turbine is connected to a generator (10), which converts the mechanical energy into electricity.

5. steam is liquefied again

The steam then enters the condenser (9), cools down and becomes water again. Then it goes back into the steam generator.

6. feed into the power grid

The electricity is brought to a higher voltage via a transformer (11) and fed into the grid via the high-voltage lines (12).

The gigawatt comparison and the true added value. A modern nuclear power plant constantly supplies around 1 GW to 1.6 GW of power. This output is continuous but extremely expensive, inflexible and ties up capital for over a decade. A CSP hybrid park in the Chinese desert can achieve a peak output of 5 GW. However, the real added value is the guaranteed base load capacity of 1 GW to 3 GW that can be called up 24/7 thanks to integrated thermal storage and batteries. This intelligent coupling provides stable electricity and makes the plant a direct and superior competitor to coal and nuclear power. This is the disruptive difference: the new generation delivers the same necessary base load but with much higher capital efficiency and 10 years shorter construction time. This makes nuclear power plants an outdated investment model.

The economic key lies in China Speed. It takes ten to 15 years for a nuclear power plant to produce any electricity at all. The Chinese mega bases reach base load capability in 18 to 24 months. This rapid time to market reduces capital costs and raises profitability to a level that is unattainable for traditional power generation.

🌍 Globalization of the Sun Belt: 8 investment pillars

China is exporting the hybrid model to the entire global sunbelt. MENA, North Africa, South America, Australia and Central Asia are among the new core markets. The pipeline is growing every year. The investment opportunities lie in the 8 fundamental pillars that make this infrastructure possible:

1. optics and mirror technology - These companies provide the optical basis for every CSP park

Big players

$SGO (+0,28 %) Saint-Gobain (EPA: SGO) - France - World leader in specialty glass and high-tech materials. Supplies glass solutions and coatings for heliostats and CSP mirror systems.

Schott AG - Germany, private - Specialty glass and receiver tubes for many of the existing CSP plants. Key role in collector efficiency and lifetime.

Hidden champions

Rioglass Solar - Spain, private - Market leader for curved mirrors and receiver components especially for CSP parks. Strong in projects in Spain, MENA and Latin America.

Flabeg FE - Germany, private - High-precision mirrors for solar thermal energy. Supplies optics that directly determine the efficiency of power plants.

$000012 CSG Holding - China, Shenzhen - Large Chinese glass manufacturer with a growing focus on solar and CSP glass products.

2. storage chemistry and thermal media - They supply the chemical storage media for molten salt storage and heat transfer

Big player

$NTR (-0,58 %) Nutrien (NYSE: NTR / TSX: NTR) - Canada - One of the largest fertilizer and nitrate suppliers in the world. Supplies nitrates for thermal storage and molten salt mixtures.

$YAR (+0,98 %) Yara International (OSE: YAR) - Norway - Global fertilizer company. Produces nitrates and nitrogen chemicals that can be used in molten salt storage facilities.

$OCI (+0,53 %) OCI N.V. (AMS: OCI) - Netherlands - Produces hydrogen and natural gas-based products, including nitrogen chemicals for thermal storage solutions.

Hidden Champions

$SQM (-0,64 %) Sociedad Química y Minera (NYSE: SQM) - Chile - Lithium and specialty chemicals producer. Supplies lithium and nitrate salts for battery and thermal storage.

$MIN (-2,78 %) Mineral Resources (ASX: MIN) - Australia - Combines lithium mining and processing. Important for lithium-based storage chains.

$SOLB (-0,45 %) Solvay (EBR: SOLB) - Belgium - Specialty chemicals and heat transfer fluids, relevant for CSP and storage applications.

3. battery and energy storage systems (BESS) - The combination of BESS and thermal storage is the real 24/7 engine of CSP parks

Big player

$3750 (-2,38 %) CATL - China - World market leader for EV batteries and large-scale storage. Supplies complete BESS systems for grids and CSP hybrid parks.

$1211 (-1,8 %) BYD Co Ltd - China - Integrated battery and system provider. Provides energy storage systems for industrial and utility-scale applications.

$373220 LG Energy Solution (KRX: 373220) - South Korea - Global cell supplier with a strong focus on high-performance cells for e-mobility and stationary storage.

$SMSN (+5,26 %) Samsung SDI (KRX: 006400) - South Korea - Premium cells and modular storage solutions for grid and industrial applications.

Hidden Champions

$FLNC (+29,35 %) Fluence Energy (NASDAQ: FLNC) - USA - Joint venture between Siemens Energy and AES. Market leader in turnkey large-scale storage projects and operating software.

Powin Energy - USA, private - System integrator for utility-scale storage with a strong presence in North America and Asia.

$300274 Sungrow Power Supply (SZSE: 300274) - China - Well-known for inverters, growing strongly in the area of integrated BESS solutions for large-scale projects.

4. HVDC, cables and power transmission - HVDC turns desert power into exportable base load power

Big player

$HTHIY (+0 %) Hitachi Energy - Switzerland / Japan, part of the Hitachi Group $HTHIY - World leader in HVDC converters, substations and grid control.

$PRY (+8,35 %) Prysmian (BIT: PRY) - Italy - Largest manufacturer of high-voltage cables and submarine cables, central role in European HVDC projects.

$NEX (+2,94 %) Nexans (EPA: NEX) - France - Specialized in power and submarine cables, important for long-distance transmission of desert electricity to Europe.

$ABBN (+2,84 %) ABB (SWX: ABBN) - Switzerland - HVDC converters, switchgear and grid automation for large-scale projects.

Hidden Champions

$NKT (+3,3 %) NKT A/S (CPH: NKT) - Denmark - Cable specialist with a focus on high-voltage and offshore wind connections.

Taihan - South Korea, private - Major Asian manufacturer of high-voltage cables with a growing export share.

$ANA (+2,14 %) Acciona (BME: ANA) - Spain - Not only EPC, but also active in grid connections and infrastructure for large-scale renewable projects.

5. hydrogen and Power-to-X - Surplus electricity from hybrid parks is processed into green hydrogen

Big player

$LIN (-0,45 %) Linde plc (NASDAQ: LIN) - Ireland / global - The world's largest industrial gases group. Plans, builds and operates large-scale electrolysis and liquefaction plants for green hydrogen.

$NCH2 (-1,23 %) thyssenkrupp nucera (XETRA: NCH2) - Germany - Specialist for multi-gigawatt scale alkaline electrolyzers, key supplier for industrial H2 projects.

$NEL (+1,47 %) Nel ASA (OSE: NEL) - Norway - Pure hydrogen player with focus on electrolyzers and H2 tank infrastructure.

Hidden Champions

$PLUG (-0,75 %) Plug Power (NASDAQ: PLUG) - USA - PEM electrolysis, fuel cells and H2 infrastructure, increasingly involved in large-scale projects.

$BE (+0,23 %) Bloom Energy (NYSE: BE) - USA - Develops higher efficiency solid oxide electrolyzers for industrial H2 generation.

$ITM (-1,96 %) ITM Power (LSE: ITM) - United Kingdom - Focused on utility-scale PEM electrolysis, strong in European project business.

$HPUR (+2,56 %) Hexagon Purus (OSL: HPUR) - Norway - Specialist in high-pressure tanks and transportation solutions for compressed hydrogen.

6. EPC, engineering and construction - These companies enable construction in less than two years

Big players

$601669 Power Construction Corporation of China (SSE: 601669) - China - One of the largest engineering and construction groups in the world. Builds dams, large-scale PV and CSP plants, including grid connection.

$601727 Shanghai Electric Group (SSE: 601727) - China - Full-service provider for CSP, turbines, storage integration and EPC services.

$ANA (+2,14 %) Acciona (BME: ANA) - Spain - Global EPC player for solar, wind and CSP, strong in MENA and Latin America.

Hidden champions

SEPCO III - China, private - Highly specialized EPC for large power plants and CSP projects, often partner in Saudi Arabia and North Africa.

$WOR (+0 %) Worley Limited (ASX: WOR) - Australia - Engineering and project services provider for energy infrastructure, including hybrid and storage projects.

$3996 (-1,36 %) China Energy Engineering Corp (HKEX: 3996) - China - Large state-owned EPC group, active in the development of solar and grid projects in Asia, Africa and MENA.

7. turbines and power plant technology - CSP Hybrid is ultimately based on modern thermal power technology, only climate neutral

Big player

$ENR (+0,42 %) Siemens Energy (XETRA: ENR) - Germany - Turbines, generators, switchgear and grid solutions. Core supplier for the thermal side of CSP hybrids.

$GE (-1,45 %) General Electric (NYSE: GE) - USA - Steam turbines and power plant technology used directly in hybrid farms and thermal storage systems.

Hidden champions

$1072 (-8,27 %) Dongfang Electric (HKEX: 1072) - China - Major turbine and power plant equipment supplier, strong in domestic market and MENA project.

$1133 (-2,22 %) Harbin Electric (HKEX: 1133) - China - Manufacturer of turbines, generators and power plant components, active in large-scale conventional and renewable power plants.

8. blade manufacturers and construction materials for CSP hybrid parks

8.1 Construction and mining equipment

Big Player

$CAT (+0 %) Caterpillar (USA, NYSE: CAT) - World's largest manufacturer of construction and mining equipment, dozers, excavators, dump trucks, generators. Provides heavy equipment for earthmoving, foundation construction and park infrastructure.

$6301 (+1,43 %) Komatsu (Japan, TSE: 6301) - Number two worldwide in construction and mining equipment. Excavators, wheel loaders, large dump trucks and special machines used in desert projects and large construction sites.

$SAND (-2,44 %) Sandvik (Sweden, OMX: SAND) - Drilling technology, rock processing, wear parts. Important for foundation construction, cable routes and the raw materials side of the value chain.

$EPI A (+0,51 %) Epiroc (Sweden, OMX: EPI A) - Drilling rigs and underground equipment, wherever CSP infrastructure is built on difficult terrain.

Hidden champions

$6305 (+5,01 %) Hitachi Construction Machinery (Japan, TSE: 6305) - Strong presence in Asia and MENA, large excavators and wheel loaders for deserts and large construction sites.

$DE (-1,42 %) Wirtgen Group / John Deere $DE (USA) - Road construction, milling, compaction. Benefit from the expansion of access roads, platforms and logistics around CSP parks.

8.2 Steel, tubes and sections

Big player

$MT (+1,01 %) ArcelorMittal (Luxembourg, NYSE: MT) - Global steel group with flat and long products. Supplies beams, sections and structural steel for tower structures, racks and infrastructure.

$5401 (+0,19 %) Nippon Steel (Japan, TSE: 5401) - High-quality steel for energy and infrastructure applications, including heat-resistant steels.

$TEN (+1,56 %) Tenaris (Luxembourg/Argentina, NYSE: TS) - Leading manufacturer of seamless steel tubes for energy, pipelines and high-pressure systems. Relevant for heat exchanger circuits, media pipelines and infrastructure in the CSP environment.

$VK (+1,87 %) Vallourec (France, EPA: VK) - Specialty tubes and high-performance steels for energy projects, including high-temperature pipelines.

Hidden Champions

$5411 (+3,2 %) JFE Holdings (Japan, TSE: 5411) - steels and tubes for large-scale projects, with a focus on Asia.

$TUB (-0,35 %) Tubacex (Spain, BME: TUB) - Seamless stainless steel tubes for high temperature and corrosive environments, directly relevant for CSP heat and process piping.

$NXT Nextpower (USA) - Steel-intensive tracker systems for PV fields. Important in hybrid parks where PV and CSP are combined.

$ARRY (+4,72 %) Array Technologies (USA) - Similar to Nextracker, focus on utility-scale tracking systems.

8.3 Cement, concrete and construction chemicals

Big player

$HOLN (-0,22 %) Holcim (Switzerland, SIX: HOLN) - The world's leading supplier of cement and concrete. Supplies foundation concrete, specialty mortars and infrastructure construction materials for major projects, including desert locations.

$HEI (-1,03 %) Heidelberg Materials (Germany, Xetra: HEI) - Strong player in Europe, North Africa and Asia. Cement, concrete and aggregates for foundations, turbine houses, storage blocks.

$CX (-0,45 %) Cemex (Mexico, NYSE: CX) - Globally active in cement and concrete, supplier for infrastructure in MENA and the Americas.

$CRH (+0,49 %) CRH plc (Ireland, NYSE: CRH) - Building materials group with a focus on infrastructure, road construction and precast concrete products.

Hidden Champions

$ULTRACEMCO UltraTech Cement (India, NSE) - India's largest cement manufacturer, relevant for CSP projects in the subcontinent and neighboring regions.

Votorantim Cimentos (Brazil, private / regionally listed) - Strong supplier in Latin America with a direct link to infrastructure and energy projects.

8.4 Industrial components, heat exchangers and process equipment

Big player

$ALFA (+0,04 %) Alfa Laval (Sweden, OMX: ALFA) - Heat exchangers, pumps and separators. Key components for thermal storage, steam generation and process heat in CSP plants.

$FLS (-0,93 %) Flowserve (USA, NYSE: FLS) - Pumps, valves and sealing systems for high-temperature and high-pressure circuits in energy plants.

$SPX (-0,29 %) Spirax Group (UK, LSE: SPX) - Steam and condensate technology, control valves and heat exchange systems, important for the fine control of thermal circuits.

Hidden champions

$IMI (+0,31 %) IMI plc (UK, LSE: IMI) - Specialty valves and control technology for the energy and process industries, especially for demanding media.

$KSB (-5,05 %) KSB SE (Germany, Xetra) - Pumps and valves for the energy, water and process industries. Suitable for cooling water, heat transfer media and storage systems in CSP parks.

🎯 Conclusion and outlook

The CSP hybrid ecosystem eliminates the weaknesses of renewable energies and uses China Speed as an economic lever. This combination creates a capital efficiency that will overtake traditional energy generation in the long term. The investment opportunities range from the Asian battery giants to the European HVDC specialists.

The fundamental question is whether European regulators can adjust the speed of the approval process to allow the continent to keep up with the pace of the Sahara projects and the European EPC companies operating there, or whether the continent will be left behind in terms of energy self-sufficiency.

Takeaway

The real investment case lies in the efficiency superiority of the CSP hybrid system. The ability to provide gigawatts of base load within two years, coupled with thermal storage and BESS, makes this infrastructure one of the strongest energy models of the future. This benefits optics, chemistry, BESS, HVDC, hydrogen, EPC and turbine manufacturers.

Sources: own research + IEA, IRENA, NREL, Fraunhofer ISE, SolarPACES, World Bank, Ember Climate, company reports & technical documentation of the companies mentioned.

Image: https://videos.winfuture.de/27754.mp4

Getty Images, Illustrative image - JLStock / Shutterstock.com

Good morning dear Getquin Community, energy is one of the biggest levers for the transformation of our economy and independence from fossil fuels. Today I would like to introduce you to the exciting solar thermal power (CSP) project from China.

https://videos.winfuture.de/27754.mp4

In the desert, two huge solar towers use thousands of mirrors to concentrate the sun's rays, store the heat in molten salt and use it to reliably generate electricity. The special feature: By storing heat, energy is also provided at night or when it is cloudy. This is a step towards a more stable renewable power supply beyond traditional photovoltaics and wind.

The CSP value chain is broad. The project and turbine side is dominated by $ENR (+0,42 %) Siemens Energy (ENR), $ANA (+2,14 %) Acciona (ANA) and $GE (-1,45 %) General Electric (GE). They supply turbines, engineering and EPC services for the majority of plants worldwide. On the materials and storage side $SGO (+0,28 %) Saint-Gobain (SGO) for glass and mirrors and $YAR (+0,98 %) Yara (YAR), $NTR (-0,58 %) Nutrien (NTR) and $OCI (+0,53 %) OCI (OCI) for the provision of salts. These components are essential for thermal storage and therefore for the competitiveness of CSP. In addition, there are developers such as Abengoa Solar, BrightSource and Aalborg CSP, which realize special projects.

Takeaway: While photovoltaics has long since arrived in the mainstream, CSP is opening up new niches through the combination of electricity production and storage. The companies that supply mirrors, turbines, chemicals and engineering - the industry's blade manufacturers - are particularly exciting for investors.

The crucial question is whether CSP will manage to establish itself with these players as a serious pillar in the future energy mix alongside PV and wind.

Source: https://winfuture.de/news,152708.html and own creation