On February 23, the people's Daily published an article signed by Xin Baoan, chairman and party secretary of the State Grid Corporation of China (hereinafter referred to as "State Grid") "resolutely shoulder the responsibility of the power grid and actively promote carbon peaking and carbon neutralization", which made it clear that the State Grid will strengthen the construction of UHV and supporting power grids in the future and vigorously promote the construction of new energy supply and consumption system.
it is worth mentioning that Xin Baoan gave a number far exceeding the market expectation on the supporting construction of energy storage.
On the 23rd, the energy storage index rose 3.22%, and the constituent stocks were red across the board.
the energy storage development goal of the State Grid exceeded expectations
In Xin Baoan's article, one paragraph is particularly prominent. He said that the State Grid will vigorously strengthen the construction of pumped storage power stations with mature technology, actively support the large-scale application of new energy storage, and strive to increase the installed capacity of pumped storage power stations in the company's business area from the current 26.3 million kW to 100 million KW and electrochemical energy storage from 3 million kW to 100 million KW by 2030.
In the view of power equipment and new energy researchers, the guidance on accelerating the development of new energy storage issued last year proposes that the installed capacity of new energy storage will reach more than 30GW by 2025. this time, the State Grid proposed that by 2030, the electrochemical energy storage in the business area of the State Grid alone will be increased from 3gw to 100gw, which is obviously much higher than expected.
Power industry experts believe that the latest statement of the State Grid is clearly a positive response to relevant policies. If it can be smoothly promoted, it will more effectively promote the construction of China's new power system.
Relevant institutions predict that China's energy storage investment market space will reach 0.45 trillion yuan by 2025 and increase to about 1.30 trillion yuan by 2030, with huge market space.
Statistics show that the comprehensive energy company under the State Grid has worked with a number of enterprises in the field of energy storage.
The State Grid integrated energy service group (hereinafter referred to as "State Grid integrated energy") has jointly established a number of energy storage joint ventures with Contemporary Amperex Technology Co.Limited(300750) since 2020. Relevant joint ventures have invested in the construction of Ningde Xiapu energy storage power station, State Grid era Huadian Datong 300MW / 600mwh energy storage project and many other large-scale new energy storage projects.
State Grid comprehensive energy and Kehua Data Co.Ltd(002335) also signed a national strategic cooperation agreement that the two sides will cooperate in new energy and other fields.
In addition, state grid comprehensive energy has signed tripartite strategic cooperation agreements with Shanghai Electric Group Company Limited(601727) power station group and China Energy Engineering Corporation Limited(601868) Anhui Institute in the fields of energy storage, new energy and comprehensive energy. Other cooperative enterprises include Yingli group, a photovoltaic enterprise, Beijing atta cloud technology, a data center company, and so on.
service "double carbon" goal
what are the plans of the State Grid?
Xin Baoan believes that in promoting the "double carbon" goal, the State Grid should first ensure the safe and reliable supply of electricity.
In order to avoid tight power supply and demand in some parts of China in the second half of last year, on the one hand, the State Grid will comprehensively support the "three transformation linkage" of energy conservation and carbon reduction transformation, flexibility transformation and heating transformation of active coal-fired power units, as well as the development of new energy and clean energy, promote the support and guarantee the early operation of power supply, and ensure that all kinds of power supply can be combined as much as possible, increase and stabilize power supply.
On the other hand, the State Grid will optimize power grid dispatching and power trading, deeply tap the potential of power transmission through cross regional and cross provincial channels, strengthen the mutual assistance between surplus and shortage among provinces, and ensure the balance of power and electricity to the greatest extent. At the same time, cooperate with the government to strengthen power demand side management.
Xin Baoan believes that to promote the development of power grid, we should also work with all regions and industries to reduce emissions and carbon in an efficient manner.
We should focus on key areas such as industry, transportation, construction and residents' life, implement power substitution in a steady and orderly manner, and encourage energy conservation, efficient power use and green power use.
Focus on the key directions of multi energy complementarity, smart energy use and energy efficiency management, accelerate the construction of a number of comprehensive energy service projects, give play to the coupling and complementarity effect of different energy systems such as electricity, gas, heat, cold and hydrogen, as well as the digital energy enabling effect, and demonstrate and promote the development of comprehensive energy service industry.
In terms of vigorously promoting the construction of new energy supply and consumption system, Xin Baoan revealed that the State Grid will strengthen the construction of UHV and supporting power grids and vigorously promote the construction of new energy supply and consumption system. strive to improve the trans regional and trans provincial transmission capacity of the State Grid from the current 240 million kW to more than 370 million KW by 2030 through the efforts of the 14th five year plan and the 15th five year plan, fully serve the construction of large-scale wind power photovoltaic bases in the Gobi desert, and provide strong grid support for the development of various clean energy sources.
In view of the major technical problems faced by the development and safe operation of the power system under the "double carbon" scenario, the State Grid will deeply implement the action plan for scientific and technological innovation. The State Grid will vigorously carry out major technical breakthroughs such as flexible DC transmission, virtual power plant, large power grid safety and stability control, UHV tap changer and strengthen basic research and cutting-edge technology layout, Strive for more innovative breakthroughs "from 0 to 1".
