“我是股东”走进南网储能南宁抽水蓄能电站，共探绿色储能发展新机遇

Core Viewpoint - The event "I am a Shareholder - Entering the Shanghai Stock Market Listed Companies" was successfully held at the South Grid Energy Storage Co., Ltd., showcasing the company's advancements in pumped storage and new energy storage sectors [1] Group 1: Project Development - South Grid Energy Storage currently has 10 pumped storage projects under construction, with a total installed capacity of 12 million kilowatts [2] - The Meizhou (Phase II) project has been put into operation, while the Nanning project is expected to be operational by the end of 2025 [2] - The company has over 10 million kilowatts of pumped storage reserve projects that will be advanced according to national planning and power system demand [2] Group 2: Pricing and Policy - The company addressed investor concerns regarding pricing policies, indicating that future revenues from new pumped storage stations may increasingly depend on market competitiveness, as per the National Development and Reform Commission's document No. 633 [2] Group 3: New Energy Storage Development - In response to the "dual carbon" goals, the company is actively researching its "14th Five-Year" development plan, focusing on various technologies including sodium-ion, flow, compressed air, and gravity storage, in addition to lithium batteries [3] - The Yunnan Qiubei Baochi storage station is currently demonstrating the application of both lithium and sodium batteries [3] Group 4: Market Outlook and Strategic Initiatives - With the large-scale integration of renewable energy into the grid, the demand for pumped storage and new energy storage is continuously growing [4] - The company aims to accelerate project construction to achieve early production and benefits, while also expanding into strategic emerging businesses and international markets to create a "second growth curve" [4] - The Nanning pumped storage power station, a major project under the national "14th Five-Year" plan, has a total reservoir capacity of 13.4 million cubic meters and an installed capacity of 1.2 million kilowatts, expected to be operational by the end of the year, providing 2.5 billion kilowatt-hours of clean energy annually [4]