The only son of china southern power grid is engaged in energy storage

What is China Southern power grid?

China Southern Power Grid (“Southern Grid”) is one of China’s two major state-owned power distributors that serve five southern provinces: Guangdong, Guangxi, Yunnan, Guizhou and Hainan. The region has witnessed a rapid build-up of power generation capacity, from 275 GW in 2015 to 350 GW in 2020.

Who is China Southern Power Grid Energy Storage Co Ltd?

China Southern Power Grid Energy Storage Co Ltd, formerly Yunnan Wenshan Electric Power Co Ltd, is a China-based company mainly engaged in hydropower business. The Company is mainly engaged in the development, investment, construction and operation of pumped storage, peak shaving hydropower and grid-side independent energy storage businesses.

What currency does Southern Power Grid Energy Storage Co Ltd use?

The Company is mainly engaged in the development, investment, construction and operation of pumped storage, peak shaving hydropower and grid-side independent energy storage businesses. Data as of Oct 12 2023. Currency figures normalised to China Southern Power Grid Energy Storage Co Ltd's reporting currency: Chinese Yuan Renminbi CNY

How much will China Southern power grid invest in 2021-25?

China Southern Power Grid, whose business covers Guangdong, Yunnan, Guizhou and Hainan provinces and the Guangxi Zhuang autonomous region, said earlier it will invest 670 billion yuan ($105.2 billion) in grid network construction during the 2021-25 period to ensure power supply stability and boost green power consumption.

Will a digital power grid help China achieve a carbon peak?

A digital power grid will better facilitate the consumption of power increasingly produced by clean energy while further facilitating China's ambition to achieve a carbon peak by 2030 and carbon neutrality by 2060, he said.

How much will China Southern power grid invest in electric vehicles?

(Yicai Global) April 10 -- State-owned China Southern Power Grid plans to invest CNY25.1 billion (USD3.6 billion) over the next four years to acquire and build charging infrastructure for electric vehicles.