News & Information

On the afternoon of February 29th, the Political Bureau of the Central Committee of the Communist Party of China held its twelfth collective study on new energy technology and China's energy security. The way out to address these challenges is to vigorously develop new energy. Accelerate the construction of a charging infrastructure network system to support the rapid development of new energy vehicles.

The central government has made it clear that the power grid needs to be transformed to adapt to the development of new energy, and improve its capacity for acceptance, configuration, and regulation.

Two days before and one day after this important meeting, the National Development and Reform Commission and the Energy Administration jointly released two documents related to the future construction of the power grid. On February 27th, the National Development and Reform Commission and the National Energy Administration jointly issued the Guiding Opinions on Strengthening the Capacity Building of Power Grid Peak shaving, Energy Storage and Intelligent Dispatching. The second is the release of the "Guiding Opinions on the High Quality Development of Distribution Networks under the New Situation" on March 1st, which answers the two main directions for the current transformation of the power grid at the execution level, strengthening the construction of distribution networks and intelligent scheduling.

The distribution network is undergoing unprecedented transformation. The Guiding Opinions on the High Quality Development of Distribution Networks under the New Situation further clarify that by 2025, the carrying capacity and flexibility of distribution networks will be significantly improved, with a distributed new energy capacity of about 500 million kilowatts and a charging pile access capacity of about 12 million units. By 2030, the distribution network will achieve multi-level coordination of the main distribution microgrid, massive resource aggregation and interaction, and diverse user plug and play, effectively promoting the integration and development of distributed smart grids and large grids, better meeting the development needs of distributed power generation, new energy storage, and various new business forms, and providing strong support for building a high-quality charging infrastructure system with wide coverage, moderate scale, reasonable structure, and complete functions.

The pressure has come to power grid companies. Recently, an institutional research report circulating in the market predicts that power grid companies are likely to loosen 95% of their consumption red lines to access more new energy.