据悉， 电站地下工程由厂房和33个功能各司其职的洞室构成，总长超过22公里，总体积达210万立方 米，像一座布置密集的"电力地宫"。当前，地下工程贯通总长已突破11公里，进度过半，为我们马年加 快推进项目建设树立了信心。国家抽水蓄能中长期规划重点实施项目——桂林灌阳抽蓄电站总投资约80 亿元，装机规模120万千瓦。春节临近，除了多个地下洞室的同时开挖，体积相当于145个标准游泳池大 小的厂房施工也在加快推进。当前，7层厂房的第3层已开挖完成，开挖量突破13万方。 广西桂林灌阳抽蓄业主项目部副总经理辛晟介绍， 春节期间，电站建设不停工。300多名建设者将抢抓 初春的施工黄金期，同时推进7个作业面的施工任务。电站建成后，每年可消纳广西清洁能源21.6亿千 瓦时，相应减少二氧化碳排放约220万吨。 中国发展网讯 记者皮泽红报道 2月11日，在广西桂林市的抽水蓄能电站工地上，工人们正用奋斗的"爆 竹"声，鸣响项目推进的喜讯。 在广西桂林灌阳县新圩镇，随着最后一次爆破的顺利完成，长达2376米的自流排水洞全面贯通，给为期 18个月的爆破开挖画上了圆满的句号。本次贯通的自流排水洞是桂林灌阳抽水蓄能电站地下工程中最长 的洞 ...

Core Viewpoint - The successful integration of the first domestically produced voltage-source static frequency converter (SFC) at the Nanning pumped storage power station marks a significant advancement in China's independent research and development of new pumped storage technology, enhancing the safety of the energy storage supply chain and promoting the construction of a new power system [1][4]. Group 1: Technological Advancements - The new voltage-source SFC significantly reduces harmonic distortion in output current, achieving a total harmonic distortion rate of only 0.9%, well below the design requirement of 3% [6]. - The acceleration performance of the new SFC improves by over 35% compared to the previous current-source SFC, enhancing the ability to accelerate the motor from a standstill to rated speed [6]. Group 2: Industry Context and Future Prospects - With the rapid development of renewable energy in China, the demand for high-performance control devices in pumped storage systems is increasing, necessitating advancements in technology [4]. - The long-term development plan for pumped storage in China includes over 580 key and reserve projects, with a total capacity exceeding 720 million kilowatts, indicating a broad market for the new SFC [7]. - The company plans to accelerate the pilot application of the new SFC in more pumped storage units and expand its application in areas such as energy storage, phase adjustment, and gas turbines, promoting deeper integration of technological and industrial innovation [7].

Core Insights - Ningxia Zhongwei Baohua Energy Storage Technology Co., Ltd. has been established with a registered capital of 430 million yuan [1] - The company is involved in various sectors including power generation, transmission, distribution, electrical installation services, battery sales, and charging pile sales [1] - The company is jointly owned by Southern Power Grid Energy Storage (600995) and Beijing Taihe New Energy Technology Development Co., Ltd. [1]

Group 1 - The Shanghai Composite Index rose by 0.27%, while the Shenzhen Component Index increased by 0.08%, and the ChiNext Index fell by 0.60% as of February 11 [2] - Small metals, energy metals, and cobalt sectors showed significant gains, with the battery ETF (561910) increasing by 1.21% [2] - Key stocks such as Greeenmei (002340.SZ) hit the daily limit, while New Zhoubang (300037.SZ), Zhongwei New Materials (300919.SZ), and Duofuduo (002407.SZ) rose over 5% [2] Group 2 - Aijian Securities forecasts that the domestic battery and lithium iron phosphate cathode material production will exceed that of the same period in 2024, with lithium carbonate prices recently declining and energy storage cell prices rising [3] - The implementation of a new pricing mechanism for independent energy storage capacity on the grid side is expected to further drive energy storage demand, promoting growth in the lithium battery industry [3] - Xinyi Securities notes that since the second half of 2024, solid-state battery sector has seen frequent catalytic events, boosting the overall prosperity of the lithium battery sector [3]

Core Viewpoint - The Guangdong Electric Power Storage Project has reached a significant milestone with the completion of underground excavation, marking the transition to the electromechanical installation phase, which is expected to enhance clean energy development in the region [1] Group 1: Project Details - The project is located in the deep mountains of western Guangdong, featuring giant wind turbine blades and significant construction activity [1] - The underground plant, situated 100 meters deep, will house four units of 300,000 kilowatts each, capable of converting 1.26 million cubic meters of water into 1.2 million kilowatt-hours of clean electricity per hour [1] - The project is part of China's medium- to long-term plan for pumped storage hydropower, with an expected operational date for all units in the first half of 2028 [1] Group 2: Environmental Impact - Upon completion, the power station is projected to reduce carbon emissions equivalent to planting 120,000 trees annually [1] - The facility is expected to consume 2.16 billion kilowatt-hours of clean energy each year, ensuring stable delivery of clean power in western Guangdong [1] Group 3: Technological Innovations - The project has implemented 3D visualization safety monitoring technology to strictly control excavation parameters and operational indicators [1] - This technological advancement is aimed at enhancing safety and efficiency during the construction phase [1]

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) has announced the inclusion of South Grid Energy Storage Company in the list of world-class leading enterprises and cultivation enterprises among state-owned enterprises, highlighting its significant role in the energy sector during the transition to a new power system [1] Group 1: Company Overview - South Grid Energy Storage Company is the first publicly listed company in China focusing on pumped storage and new energy storage businesses [1] - The company aims to build a world-class enterprise by focusing on both "hard power" (key performance indicators) and "soft power" (management capabilities) [1] Group 2: Industry Context - The selection of leading enterprises comes at a critical time as China advances its "dual carbon" strategy and accelerates the construction of a new power system [1] - Energy storage is recognized as a crucial resource for ensuring the safe and stable operation of the power grid, becoming an important support for the transformation of China's energy structure [1] Group 3: Strategic Positioning - South Grid Energy Storage Company positions itself as a key player in the new power system, focusing on maintaining grid safety and stability, leading the pumped storage industry, and being a frontrunner in the new energy storage sector [1] - The company has achieved global leadership in core energy storage indicators and has developed the first domestically produced pumped storage unit export switchgear, achieving autonomy in core control system components [1]

Core Viewpoint - The Southern Power Grid Company has achieved significant recognition for its "Smart Logistics" application, which has been awarded as one of the top ten innovative achievements in the 2025 "Small Leaf" Innovation Action evaluation, highlighting the company's advancements in digital transformation and reform in logistics [1][2] Group 1: Innovation and Recognition - The "Smart Logistics" application was selected as one of the top ten innovative achievements and received the "Golden Leaf" project award and the "Small Leaf" Innovation Action Organization Award [1] - This recognition reflects the company's commitment to integrating digital solutions with business operations [2] Group 2: Application Features and Impact - The "Smart Logistics" application has 21 functional modules and has processed over 12,200 service orders, serving more than 21,000 employees [1] - The average response time for service requests has been reduced from hours to 20 minutes, significantly enhancing service efficiency and employee experience [1] - The application promotes online and standardized business processes, facilitating cross-departmental and cross-regional collaboration, and has contributed to a reduction in labor costs by approximately 15% [1] Group 3: Future Development - The company plans to continue optimizing the platform's functionality and deepen data empowerment to provide a more intelligent, convenient, and warm logistics service experience for employees [2] - This ongoing development aims to support the company's high-quality growth [2]

Core Viewpoint - The recent adjustments in pricing policies for pumped storage and new energy storage by the National Development and Reform Commission and the National Energy Administration are expected to impact the company's revenue and market participation, introducing both opportunities and uncertainties in the energy storage sector [2][3]. Group 1: Company Performance - As of February 6, 2026, the stock price of Southern Power Grid Energy (600995) closed at 13.37 yuan, down 1.33% from the previous week [1]. - The stock reached a weekly high of 14.5 yuan on February 4 and a low of 13.12 yuan on February 6 [1]. - The company's current total market capitalization is 42.731 billion yuan, ranking 17th out of 102 in the power sector and 471st out of 5186 in the A-share market [1]. Group 2: Policy Adjustments - The new pricing policy categorizes pumped storage power stations into three types, with the first type continuing to follow government pricing, the second type using average cost for capacity pricing, and the third type benefiting from a reliable capacity compensation mechanism [2][3]. - New energy storage stations will be eligible for capacity pricing and will participate in market transactions, although the revenue uncertainty has increased due to the need for provincial-level clarification on policy implementation [2][3]. - The policy aims to promote marketization in the energy storage sector, but the specific implementation details require further definition by provincial authorities [2][3].

深蓄电站规划建设充分利用了深圳原有盆地、水库的自然资源优势，结合城市地貌建 设电站，开创了我国把抽蓄电站建在城市中心的"先河"。电站建成后，建设运维者 们通过植树造林、设立体验展区、开展开放日活动等举措，把深蓄电站打造为深圳市 集电力调节、休闲踏青、科普参观为一体的绿色能源"新地标"，累计向200多万市民 免费开放。 2 月 3 日 ， 我 国 首 个 建 在 城 市 中 心 的 抽 水 蓄 能 电 站 —— 南 网 储 能 公 司 深 圳 抽 水 蓄 能 电 站，投产以来累计发出绿电突破百亿千瓦时。该电站以高质量运行增强深圳电力可靠韧 性，促进绿色低碳美丽城市建设。 深蓄电站安装4台同时具有"抽水"和"发电"功能的30万千瓦机组。当城市用电负荷低 谷时，利用机组抽水功能，把下水库的水抽至上水库储能；用电负荷高峰时，放上水 库的水到下水库，利用机组发电功能为深圳供电，实现水能和清洁电能按照城市电力 需要灵活转换。"电站调节能力接近深圳最高电力负荷的1 / 8 ,用电高峰时段可满足120 万台家用空调同时开启的负荷调节需求。仅2025年，电站就启动超过4 0 0 0次，同比 增长12%，创历史新高。"南方电网储 ...

Core Viewpoint - The company, Nanwang Energy Storage, is actively developing virtual power plant technology and has established a platform that integrates with power trading platforms in Guangzhou and Shenzhen, although its impact on revenue is currently minimal [1] Group 1: Company Overview - Nanwang Energy Storage is a subsidiary of the Southern Power Grid and focuses on pumped storage, new energy storage, and peak-shaving hydropower [1] - The company has obtained qualifications as a virtual power plant operator [1] Group 2: Business Development - The virtual power plant business is still in its early stages and has a limited effect on the company's revenue [1] - The company has completed the integration of its virtual power plant platform with local power trading platforms [1]