Summary of Conference Call on Virtual Power Plants Industry Overview - The virtual power plant (VPP) concept emerged in China around 2023-2024, gaining attention and investment, with notable companies like Guoneng Rixing participating in this new market trend [1][2] Key Points and Arguments - The development of new power systems emphasizes the role of VPPs as resource aggregation entities, enhancing system flexibility and adaptability to new power system requirements [2] - A series of government actions, including the "Action Plan for Accelerating the Construction of New Power Systems" and the "Three-Year Implementation Plan for Optimizing Power System Regulation Capacity," highlight the importance of VPPs in market participation and system regulation [2][4] - The market potential for VPPs is projected to reach between 130 billion to 250 billion yuan by 2027, driven by operational revenue from demand response mechanisms [3] - Regional differences in resource conditions and load levels necessitate tailored development plans for VPPs, with provinces like Guangdong, Shandong, and Shanxi leading in VPP development [4] - The government encourages private investment in VPPs, recognizing their role in promoting the private economy, with regions like Shenzhen seeing private enterprises as key players in VPP operations [4] Additional Important Insights - The VPP market is currently transitioning from pilot demonstrations to large-scale development, with most VPPs relying on demand response for revenue generation [2][4] - The integration of innovative financing mechanisms, such as low-interest loans and green bonds, is expected to facilitate broader participation in VPP projects [6] - The increasing demand for services and improved user experiences on the demand side is enhancing participation in VPPs, making them integral to the new power system [8] - The operational complexity of VPPs requires advanced software and hardware solutions for effective power dispatch and resource management [9][10] - The combination of traditional power generation (like thermal and hydropower) with renewable energy sources provides a competitive advantage in VPP operations [10] Conclusion - The VPP sector is positioned as a critical component of China's evolving energy landscape, with significant growth potential and a need for innovative business models and regulatory support to thrive in the market [11]

Core Viewpoint - The "New Generation Coal Power Upgrade Special Action Implementation Plan (2025-2027)" aims to support the dual carbon strategy and enhance the role of coal power in the new power system [1][2]. Group 1: Background and Importance - The plan is a response to the need for a profound transformation in the coal power sector, which is the main source of carbon emissions in China's energy sector [2]. - Coal power currently accounts for less than 40% of installed capacity but provides approximately 60% of electricity generation, 70% of peak capacity, and nearly 80% of regulation capacity [1]. Group 2: Key Objectives and Strategies - The plan emphasizes the need for coal power to reduce carbon emissions while enhancing its flexibility and support capabilities in the evolving power system [2]. - The upgrade focuses on "deep regulation, fast adjustment, strong support, wide load, high resilience, and low emissions" as the main line of development [2]. Group 3: Technical Standards and Requirements - Safety and reliability are fundamental, with existing and new units required to maintain a supply period output compliance rate of no less than 98% and a non-scheduled outage frequency of no more than 0.3 times per unit per year [3]. - High-efficiency regulation is a core goal, expanding traditional efficiency metrics to include six new indicators related to coal consumption and load adjustment [3]. - New units must reserve conditions for low-carbon transformation, with a target of reducing carbon emissions by 10%-20% compared to similar units in 2024 [3]. Group 4: Intelligent Operations - The plan highlights the importance of intelligent operations, focusing on automated load adjustment, intelligent maintenance, and decision-making capabilities to enhance operational efficiency [4]. Group 5: Implementation and Future Work - The next steps include promoting understanding of the plan within the industry, guiding provincial energy departments in developing local implementation plans, and continuously tracking progress to refine technical standards [4].

Core Viewpoint - The rise of trade protectionism, the COVID-19 pandemic, and the energy crisis caused by the Russia-Ukraine conflict have created unprecedented challenges for energy security. The Global Energy Internet Development Cooperation Organization, initiated by China, emphasizes that a smart and robust grid is key to building a new power system and energy framework, serving as an important pathway for global energy internet construction [1][2]. Group 1: Smart and Robust Grid Concept - The smart and robust grid is defined as a new type of grid that integrates ultra-high voltage and distribution networks as its physical foundation, driven by the deep integration of power grid technology and digital intelligence technology [2]. - The core connotation of the smart and robust grid is reflected in "four new" aspects: new network forms, new digital dynamics, new development hubs, and new cooperation platforms [2]. - Key features include "six strengths": strong climate resilience, strong safety and flexibility, strong adjustment capability, strong security assurance, strong intelligent interaction, and strong interconnection [2]. Group 2: Importance and Development of Smart and Robust Grid - The smart and robust grid can provide a strong platform for efficient utilization of renewable energy and broad access for diverse power generation and consumption entities [2]. - It is essential for enhancing grid strength, quickly addressing various faults, and ensuring stable operation of power systems under extreme conditions such as climate disasters [2]. - The construction of the smart and robust grid is seen as a major trend and a systematic project that requires the advancement of three constructions: strong main grid framework, distribution microgrid construction, and adjustment capability development [2]. Group 3: Future Outlook and Global Context - The smart and robust grid is expected to reshape the human energy system, with all energy supply coming from clean energy sources, and will present a new form that integrates various energy sources and technologies [3]. - The Global Energy Internet Development Cooperation Organization aims to promote the construction of a global energy internet to meet global electricity demand in a clean and green manner [3]. - The development of the smart and robust grid is supported by a solid foundation globally, with numerous innovative demonstrations emerging in areas such as flexible transmission, digital twins, and smart scheduling [6].

Core Viewpoint - The development of virtual power plants (VPPs) is increasingly significant in the context of China's new power system and market construction, with a growing demand and maturing development conditions [1][2]. Group 1: Development Goals - By 2027, the operational management mechanism for VPPs is expected to be mature and standardized, with a national adjustment capacity exceeding 20 million kilowatts. By 2030, this capacity is projected to reach over 50 million kilowatts [1]. - The core function of VPPs is load aggregation and demand response, allowing them to perform similar roles to traditional power plants [1]. Group 2: Mechanisms and Features - VPPs effectively aggregate distributed energy sources, adjustable loads, and storage resources, enhancing power supply capabilities and promoting renewable energy consumption [2]. - The establishment of a normalized demand response mechanism is essential, combining time-based measurement with real-time pricing to guide user-side resource adjustments [2]. Group 3: Regulatory Framework - The guidelines aim to standardize the definition and functional positioning of VPPs, which are seen as crucial for enhancing power supply reliability and improving the electricity market system [3]. - The development of VPPs should be tailored to local conditions, recognizing the diverse resource availability and demand across different regions [3][4]. Group 4: Management and Safety - There is a need to improve the management processes for VPP projects, including access management and system debugging, to ensure clarity in resource aggregation and access requirements [4]. - VPPs can participate in various electricity markets as independent entities, with initial relaxed entry requirements that will be optimized based on operational performance [4]. Group 5: Innovation and Standards - The guidelines emphasize the importance of technological innovation and the establishment of a comprehensive standard system for VPPs, focusing on resource aggregation, adjustment capabilities, and smart control [5].

Core Viewpoint - Recent announcements from companies such as China National Energy Storage, Weili De, Ruiyuan Electric, and Shuangdeng Group indicate significant progress in the energy storage sector, with multiple projects awarded, showcasing advancements in various battery technologies and strategic partnerships [1][4][5][8]. Group 1: China National Energy Storage - China National Energy Storage won a bid for a 50MW/300MWh independent energy storage project in Huizhou, marking a key milestone in its Greater Bay Area strategy with a total investment of 820 million yuan and a bid price of approximately 733.3 million yuan, translating to a unit price of 2444.36 yuan/kWh [1]. - The project utilizes iron-chromium flow battery technology, which has been recognized as a major technological equipment in the national energy sector [1]. - The company plans to implement a "base + cluster" dual-drive strategy to ensure efficient project execution, establishing a smart base for the entire iron-chromium flow battery industry chain [1][3]. Group 2: Weili De - Weili De was awarded a contract for a 100MW/400MWh all-vanadium flow battery energy storage project, with a total investment of approximately 122.716 million yuan [4]. - The project will include 360 energy storage capacity units and 180 power units, designed to serve as a shared energy storage project on the grid side [4]. Group 3: Ruiyuan Electric - Ruiyuan Electric successfully bid for the energy storage system equipment procurement for Shougang Group's emergency power station project at the Xing Shan Iron Mine, achieving a comprehensive score of 96.18 [5]. - The awarded project involves a 5MW/10MWh liquid-cooled energy storage integrated system, featuring advanced lithium-ion battery technology and a robust thermal management system [7]. Group 4: Shuangdeng Group - Shuangdeng Group secured a bid for a high-rate lithium battery project for a leading internet company's data center, marking one of the first large-scale tenders for lithium battery storage in domestic data centers [8][10]. - The project employs a lithium iron phosphate battery storage solution, known for its high safety, power density, and operational convenience, catering to diverse energy storage needs in data centers [10]. - Shuangdeng has consistently ranked first in global data center energy storage battery supplier shipments and has established deep collaborations with major companies like Alibaba and ByteDance [11].

Investment Rating - The report maintains a "Recommended" rating for several companies in the electricity sector, including Sanxia Energy, Changjiang Electric Power, and China Nuclear Power, while providing a "Cautious Recommendation" for China General Nuclear Power and others [24][25]. Core Insights - The electricity sector outperformed the market this week, with the public utility sector index rising by 2.55% and the electricity sub-sector by 2.81%, ranking first among 31 primary sectors [1][9]. - The report highlights the recent government policy aimed at optimizing pricing mechanisms for electricity, gas, and water, which is expected to enhance the sustainability of public utility pricing [2][22]. - The national carbon market has stabilized at a price of 100 yuan per ton, with increased trading activity and mandatory green certificate consumption, indicating a maturing green certificate market [2][22]. Summary by Sections Weekly Market Review - The public utility sector index closed at 2346.99 points, up 58.31 points, while the electricity sub-sector closed at 3129.43 points, up 85.49 points, outperforming the Shanghai and Shenzhen 300 index [1][9]. - Sub-sector performance included increases in wind power (3.49%), thermal power (3.61%), and hydropower (2.92%) [1][16]. Policy Developments - The Central Committee and State Council issued guidelines to improve pricing mechanisms for public utilities, focusing on market-driven pricing for electricity, gas, and water [2][22]. - The guidelines propose a phased approach to market-oriented pricing reforms for various power sources and emphasize the establishment of a unified green power certificate trading system [2][22]. Investment Recommendations - The report suggests focusing on defensive sectors with strong dividend yields, highlighting companies like Jiantou Energy, Huadian International, and Funiu Co., which are expected to maintain good growth in Q1 2025 [3][22]. - Specific recommendations include favoring companies with significant wind power assets and low-cost thermal power operations, while also monitoring potential mergers and acquisitions in the sector [22][23]. Key Company Forecasts - The report provides earnings per share (EPS) forecasts for key companies, with Sanxia Energy projected at 0.25 yuan for 2023, Changjiang Electric Power at 1.11 yuan, and China Nuclear Power at 0.55 yuan [24][25].

Core Viewpoint - The company, Hangzhou Kolin Electric Co., Ltd., focuses on the development, production, and sales of digital intelligent sensing products for power grids, energy storage systems, and perovskite photovoltaic components, aiming to support the construction of a new power system and achieve sustainable development in the energy sector [7][35]. Company Overview - Hangzhou Kolin is a high-tech enterprise specializing in the construction of new power systems, with a product matrix covering "generation, transmission, transformation, and distribution" across various voltage levels [7][35]. - The company has developed dozens of intelligent monitoring series products and a digital platform for online diagnosis and early warning, achieving international leading levels in several core technologies [35][36]. Business Model - The company adopts a proactive development approach based on market demand and collaborates closely with clients to develop new products that align with industry trends [14]. - The procurement model includes ordinary procurement, customized procurement, and outsourcing, ensuring flexibility and efficiency in sourcing materials [15]. - The production model is primarily order-based, allowing the company to adjust production according to market demand and customer requirements [16]. Industry Situation - The new power system construction is a key strategy for achieving carbon neutrality goals and ensuring energy security in China, with significant policy support and market demand driving growth in the sector [19][20]. - The company is positioned in the rapidly evolving fields of digital intelligent sensing technology and energy storage systems, which are critical for the safe and efficient operation of the new power system [19][20]. Technological Advancements - The company has made significant progress in developing advanced technologies, including intelligent sensing, data analysis, and AI diagnostics, which are essential for real-time monitoring and fault prediction in power equipment [8][41]. - The introduction of the laser acoustic spectrum acetylene rapid detection device represents a breakthrough in power equipment detection technology, significantly reducing detection time and improving accuracy [39]. Future Development Trends - The company plans to enhance its digital intelligent sensing technology by integrating multi-modal sensing, edge intelligence, and digital twin collaboration, which will improve the predictive maintenance capabilities of power systems [41]. - The market for perovskite solar cells is expected to expand significantly, driven by advancements in flexible solar technology and increasing applications in various sectors [42]. - The demand for six-dimensional force sensors in humanoid robots is anticipated to grow rapidly as the industry moves towards mass production, creating new opportunities for the company [42].

Market Overview - The market experienced a high and then a pullback, with the three major indices showing slight increases. Notably, the A-share trading volume fell below 1 trillion yuan for the first time in 50 trading days, reaching 974.5 billion yuan, a decrease of 157.8 billion yuan from the previous trading day, marking the second lowest volume of the year [1] Robotics Sector - The robotics sector saw a rebound, with stocks like Jinggong Technology and Tianhe Magnetic Materials hitting the daily limit. Other notable performers included Zhaomin Technology and Dongtu Technology, which rose over 10%. The market is responding positively to innovations such as the Unitr e e De x5 dexterous hand from Yushutech, which features 20 degrees of freedom and can perform complex tasks [4][5] - The demand for exoskeleton robots is increasing due to aging populations and labor shortages, creating a significant market opportunity [4] Electric Power Sector - The electric power sector is experiencing renewed interest, with stocks like Mingxing Electric and Hunan Development hitting the daily limit. This is attributed to seasonal trends and the ongoing energy reform [6][7] - The establishment of a new power system is essential, focusing on integrating renewable energy sources like solar and wind, which are less stable compared to traditional energy sources [9][10] - Key areas of focus include: 1. **Grid Upgrades**: Investment in ultra-high voltage and smart grid technologies, with companies like China West Electric and XJ Electric benefiting from increased orders [12] 2. **Energy Storage**: The energy storage market is expected to double this year, with companies like CATL and BYD leading the charge [13] 3. **Virtual Power Plants**: These can aggregate scattered power resources for market trading, with companies like Hengshi Technology and Guoneng Rixin positioned for growth [14] 4. **Green Power Operators**: Companies like Three Gorges Energy and Longyuan Power are well-positioned to benefit from rising green electricity prices [15]

Core Viewpoint - The article discusses the latest developments in energy storage technology, highlighting new patents that indicate significant advancements in core technologies, safety measures, and market applications, which are expected to reshape the energy landscape and enhance operational efficiency. Group 1: Network-type Energy Storage Technology - The State Grid's Gansu Electric Power has developed a digital twin network control algorithm that enables millisecond-level adaptive regulation of the grid, reducing frequency fluctuation suppression time from 500ms to 150ms [2] - The State Grid's Hubei Electric Power has created a multi-scenario collaborative network device with a dual-polar topology structure, achieving frequency stability of ±0.1Hz and voltage fluctuation rate of less than 1.5% in island operation mode [4] - Yiwei Lithium Energy has established a real-time battery health state assessment model using the Kalman filter algorithm, compressing the response time for charge and discharge strategy adjustments to 50ms [5][6] Group 2: Essential Safety Technology - CATL has introduced a high-pressure direct-connected energy storage valve system that improves battery capacity degradation prediction accuracy to less than 2%, tripling the precision of traditional models [7] - Sunwoda has developed a three-level linkage protection system that includes temperature, gas, and smoke sensors, ensuring proactive safety measures in energy storage systems [8] - BYD has optimized solid electrolyte interface technology, achieving a room temperature ionic conductivity of 2.3×10^-4 S/cm and a cycle life exceeding 15,000 cycles [9][10] Group 3: Scene-based Innovation - TBEA has integrated a photovoltaic inverter, energy storage system, and DC charging pile into a unified control device, achieving a power factor of 0.98 and meeting Class A energy quality standards [12][13] - Envision Energy has developed a collaborative control algorithm for offshore wind power and energy storage, reducing the cost of electricity by 0.15 yuan per kilowatt-hour [14][15] - State Grid Tianjin Electric Power has implemented a super-fast charging pile that reduced voltage fluctuation rates from 8.2% to 0.8%, increasing daily charging volume by 42% [16][17] Group 4: Patent Competition and Industry Trends - The energy storage patent landscape is witnessing increased technological route differentiation, with companies like Tianneng introducing rapid charging technology for lead-carbon batteries [19] - Cross-industry integration is becoming common, as seen with Midea's multi-mode switching control patent for energy storage systems [20][21] - Material innovations are emerging, such as the modification of silicon-carbon anode materials by Shanshan, which controls expansion rates to within 15% [22] - The new technologies are projected to yield significant economic benefits, with network-type energy storage technology potentially reducing grid transformation costs by 18% [24]

文 | 中关村储能产业技术联盟 主办： 中关村储能产业技术联盟、中国能源研究会、中国科学院工程热物理研究所 展馆冠名： 阳光电源、中天科技、宁德时代、新源智储、海博思创、中车株洲所 思源电气股份有限公司 将亮相第13届储能国际峰会暨展览会，展位位于 B2馆（阳光电源馆） B228展位 。 思源电气股份有限公司 思源电气股份有限公司（简称"思源电气"），是一家专注于电力技术研发、设备制造及 工程服务的上市公司，秉承"创新智慧新电能，尽享美好新生活"的企业使命，致力于为 客户提供高效、可靠的电力系统解决方案。 公司紧抓新型电力系统发展机遇，积极推动能源行业的数字化转型，业务覆盖输变电、 配用电、储能、汽车电子及电力资产管理等领域，凭借优质的产品与服务，与客户共创 可持续发展的智慧绿色未来。 ESIE 2 0 2 5 第十三届储能国际峰会暨展览会（ESIE 2025） 时间：2025年4月10-12日 地点：首都国际会展中心 二、新型电力系统系列化解决方案 （一）构网技术解决方案 针对新型电力系统"双高"特征，思源清能发挥技术平台优势，在高压 SVG、储能系统 等不同载体上应用构网技术，推出 构网型SVG、静止同步 ...