The national development and Reform Commission and the National Energy Administration issued the “14th five year plan” for modern energy system. The plan proposes to accelerate the construction of pumped storage power stations, implement a new round of national medium and long-term development plan for pumped storage, and promote the construction of large-scale pumped storage power stations that have been included in the plan and have mature conditions; By 2025, the installed capacity of pumped storage will reach more than 62 million KW and the installed capacity under construction will reach about 60 million KW.
Anxin Securities pointed out that with the change of energy structure, power supply security has been put on the agenda, and energy storage has become the main means to solve power security. As the most important way of energy storage, pumped storage has been strongly supported by national policies. In the future, pumped storage will enter a stage of rapid growth and encourage social capital to enter. Water conservancy and hydropower engineering enterprises own the construction and operation of pumped storage projects, and most of them have hydropower operation assets. It is possible to layout pumped storage power stations, which is expected to fully benefit the development of pumped storage in the future. Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Guangdong No.2 Hydropower Engineering Company Ltd(002060) and Anhui Construction Engineering Group Corporation Limited(600502) .
