Core Insights - The company has achieved a cumulative power generation of over 100 billion kilowatt-hours as of October 14, 2025, marking a year-on-year increase of nearly 6.6 billion kilowatt-hours and setting a new record for the fastest time to reach this milestone, 17 days earlier than last year [2] Group 1: Operational Achievements - The company has successfully implemented a comprehensive response mechanism integrating policy, scheduling, trading, and operations to address challenges in power supply, resulting in a counter-cyclical growth in power generation [2] - The company optimized its hydropower generation through effective scheduling and management, leading to an additional generation of 1.156 billion kilowatt-hours [3] - The company has maintained continuous operation of thermal power units for over 150 days, ensuring stable coal supply and operational safety [3] Group 2: Renewable Energy Development - The company has made significant progress in renewable energy project construction, achieving over 7.4 million kilowatts in both installed capacity and grid connection [4] - A new management system for renewable energy production has been established, enhancing the utilization rates of wind and solar energy to 99.54% and 99.97%, respectively [4] Group 3: Market Engagement - The company actively participates in the southern regional electricity spot market, optimizing trading strategies and enhancing market engagement through a smart energy platform [4] - The company has successfully integrated various energy sources into the market, facilitating multiple incremental transactions and promoting mechanisms for hydropower compensation and thermal power exemptions [4] Group 4: Future Outlook - The company aims to leverage its recent achievements as a new starting point to deepen multi-energy collaboration and contribute to the development of a new power system aligned with national energy security strategies [5]

Core Insights - The article highlights the rapid development and implementation of new energy storage technologies in China, which are crucial for building a new power system and achieving carbon neutrality goals [1][2][3]. Group 1: New Energy Storage Capacity - By the end of 2024, China's new energy storage capacity is expected to reach 73.76 million kilowatts, accounting for over 40% of the global total, which is 20 times the capacity at the end of the 13th Five-Year Plan [1]. - As of June 2023, the installed capacity of new energy storage in China reached 94.91 million kilowatts, a 29% increase compared to the projected capacity for 2024 [2]. Group 2: Policy Support and Development - The growth of new energy storage is supported by a clear policy framework established since the 14th Five-Year Plan, including several key documents aimed at promoting the scale, industrialization, and marketization of new energy storage [3]. - The application of new energy storage technologies is becoming increasingly effective, with regions like Zhejiang, Jiangsu, Chongqing, and Xinjiang achieving over 1,000 equivalent utilization hours annually [3]. Group 3: Technological Innovations - The introduction of various storage technologies, such as the 1,000 megawatt-hour "coal power + molten salt" storage project, represents significant advancements in the sector [4]. - Lithium-ion battery storage remains the dominant technology in the new energy storage landscape, with ongoing innovations leading to commercial applications and demonstration projects [4][5]. Group 4: Future Development Trends - The future of new energy storage is expected to feature a diverse and collaborative development model, addressing the complex demands of the power system [6].

Core Viewpoint - Guangzhou Development Group has transformed from a single coal and electricity enterprise to a comprehensive clean energy industry system, focusing on green transformation and business model innovation during the "14th Five-Year Plan" period [1] Group 1: Business Growth and Transformation - As of June 2025, the installed capacity of new energy generation units increased from 967,400 kW at the end of 2020 to 5,820,000 kW, a growth of 501.61% [1] - The company has over 140 operational wind and solar power stations, with controllable installed capacity exceeding 5,820,000 kW, and green low-carbon energy accounting for over 76% of total installed capacity [1] - The asset scale grew from 43.4 billion to 80.4 billion [1] Group 2: Community and Environmental Impact - The "Lin-Guang Complementary" model in Houping Village has transformed previously barren land into a thriving photovoltaic power generation site, enhancing local economic benefits and ecological sustainability [2][3] - The photovoltaic area totals 32,400 acres, with 22,000 acres available for planting and breeding, achieving a coverage rate of approximately 56.75% of the total photovoltaic area [3] Group 3: Energy Supply and Infrastructure - The Guangzhou LNG emergency peak-shaving gas source station has successfully received 16 LNG vessels, totaling 868,700 tons, ensuring gas supply for Guangzhou [4] - The company has developed a diverse energy supply structure, including coal, gas, distributed energy, wind, solar, and storage, to balance energy supply [5] Group 4: Financial Performance - From 2021 to 2024, the net profit attributable to shareholders increased significantly, reaching 1.032 billion in 2021, 1.354 billion in 2022, 1.638 billion in 2023, and 1.732 billion in 2024 [6] - In the first half of 2025, the net profit continued to rise to 1.635 billion, a year-on-year increase of 42.56% [6] Group 5: Future Outlook and Strategic Goals - The company aims to double its total investment, installed capacity, and natural gas supply during the "14th Five-Year Plan" period, with expectations to exceed these targets [6] - The company is committed to becoming a leading green low-carbon comprehensive smart energy enterprise, aligning with national goals for energy transition and carbon neutrality [7]

Core Viewpoint - The company is focusing on the integration of emerging technologies such as 5G and quantum computing with new power systems to enhance the digital and intelligent capabilities across the entire energy supply chain [1] Group 1 - The company is actively developing technologies related to 5G and quantum computing [1] - The company aims to promote the deep integration of emerging technologies with new power systems [1] - The goal is to improve the digitalization and intelligence of the entire energy supply chain [1]

每日经济新闻 （责任编辑：刘畅 ） "十五五"时期是新型电力系统建设承上启下、攻坚突破的关键五年。国家能源局表示，将把握 好"十五五"战略关键期，以加快构建新型电力系统为主题，以电力行业高质量发展为主线，统筹源网荷 储各侧，科学规划和实施一批重大战略任务、重大工程项目、重大改革举措，推动新型电力系统建设取 得新的突破。 电网设备ETF（159326）：是全市场唯一跟踪中证电网设备主题指数的ETF，一键网罗覆盖了A股 80只业务涉及特高压产业、智能电网建设等领域的上市公司证券作为指数样本，专注捕捉新型电力系统 建设与电力改革成长机会。从申万三级行业分类上看，指数成分股的行业分布以输变电设备、电网自动 化设备、线缆部件及其他、通信线缆及配套、配电设备为主，特高压概念权重占比高达62%，全市场最 高。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 10月15日午后，A股三大指数强势反弹，特高压、虚拟电厂、电路 ...

国家能源局总经济师鲁俊岭在论坛上表示，1985年水利电力部设立电力可靠性管理中心，开启了我 国电力可靠性专业化管理的征程。40年来，我国电力工业实现了跨越式发展，电网规模、装机容 量、新能源发展等主要指标均世界第一。我国电力可靠性管理完成了从探索创业到奋力追赶再到并跑 领先的角色转化。 作者 | 第一财经 祝嫣然 刚刚过去的迎峰度夏，我国全社会用电量连续2个月突破1万亿千瓦时，这在全球也是首次。电力负 荷不断创新高，但电力供应平稳运行，这充分反映出我国能源保供能力与韧性已经达到较高水平。 2025年电力行业可靠性高质量发展暨电力可靠性管理40周年主题论坛于10月14-15日在北京举 行。 2025.10. 15 本文字数：1515，阅读时长大约3分钟 鲁俊岭介绍，1985年我国电力可靠性还没有得到电力供应的有效保障，部分地区拉闸限电还时有发 生，停电时间超过100小时。2024年，我国城市供电可靠率达到了99.967%，农村地区可靠率为 99.915%，全国供电可靠率为99.924%，达到了世界领先水平。 电力可靠性管理是指为提高电力可靠性水平而开展的管理活动，包括电力系统、发电、输变电、供 电、用户可靠性管 ...

电力可靠性是衡量一个国家电力安全稳定供应的重要指标。重庆大学教授谢开贵表示，进入本世纪以 来，国外大规模停电事件频发，影响超100万人的大停电发生100余次。美国和加拿大"8·14"大停电调查 报告的46条停电原因中，近30%与可靠性技术相关。因此，可靠性技术是减少停电的重要技术和管理手 段之一。 记者从论坛现场获悉，经过40年发展，我国已经构建覆盖发电、输变电、供电等电力生产主要环节的管 理体系。自1991年以来，城网用户供电可靠性水平实现了跨越式提升。2024年，城网用户平均停电时间 为1.99小时/户，相较于1991年下降了94.55小时/户，下降幅度超97%。 新型电力系统面临的可靠性挑战，也成为现场与会专家探讨的焦点。 《中国电力行业可靠性年度发展报告2025》指出，当前，构建新型电力系统正面临多重挑战，大电网交 直流混联运行、各电压等级源网荷储多向互动大幅提升系统复杂性，由于新能源波动特性叠加极端天 气、网络攻击等内外部不确定因素，存在引发连锁故障与大面积停电的风险。电力发展不均衡、可靠性 数据质量有待提升、可靠性管理体系尚待完善、关键指标作用发挥仍不充分，以及市场机制和电价机制 难以适应新型电力 ...

2025年电力行业可靠性高质量发展暨电力可靠性管理40周年主题论坛于10月14-15日在北京举行。 国家能源局总经济师鲁俊岭在论坛上表示，1985年水利电力部设立电力可靠性管理中心，开启了我国电 力可靠性专业化管理的征程。40年来，我国电力工业实现了跨越式发展，电网规模、装机容量、新能源 发展等主要指标均世界第一。我国电力可靠性管理完成了从探索创业到奋力追赶再到并跑领先的角色转 化。 鲁俊岭介绍，1985年我国电力可靠性还没有得到电力供应的有效保障，部分地区拉闸限电还时有发生， 停电时间超过100小时。2024年，我国城市供电可靠率达到了99.967%，农村地区可靠率为99.915%，全 国供电可靠率为99.924%，达到了世界领先水平。 随着新型电力系统建设的深入推进，系统稳定的难度持续上升 刚刚过去的迎峰度夏，我国全社会用电量连续2个月突破1万亿千瓦时，这在全球也是首次。电力负荷不 断创新高，但电力供应平稳运行，这充分反映出我国能源保供能力与韧性已经达到较高水平。 2023年国家能源局又发布了《关于加强电力可靠性管理工作的意见》，从完善电力可靠性管理工作体 系、落实电力企业可靠性管理主体责任、鼓励社会各方 ...

Core Viewpoint - The "Power Equipment Industry Steady Growth Work Plan (2025-2026)" aims for an average revenue growth rate of around 6% for traditional power equipment and about 7% for advanced manufacturing clusters in the sector by 2026, emphasizing the importance of power equipment for energy security and economic stability [1] Group 1: Industry Growth and Innovation - The power equipment sector is crucial for energy supply and conversion, with significant market demand driven by rapid economic development and global green transition awareness [1] - The plan outlines goals that balance current industry realities with future growth potential, guiding companies in production and investment planning [1] - The domestic power equipment manufacturing industry has seen continuous improvement in independent innovation capabilities, with advancements in smart grid construction and high-efficiency technologies [3] Group 2: Strategic Focus and Systematic Coordination - The new plan emphasizes precise actions and systematic coordination, focusing on "demand-driven, quality-oriented, structural optimization, and safety control" as core considerations [4] - It identifies new growth points in the context of domestic demand pressures, including accelerating the construction of renewable energy bases and supporting key product innovation projects [4] - The plan aims to enhance collaboration between domestic and international markets, promoting participation in global energy transitions and expanding overseas markets for power equipment [4] Group 3: Quality Improvement and Industrial Ecosystem - The plan highlights the integration of economic growth with industrial upgrades, focusing on quality improvements to drive reasonable growth in the power equipment sector [5] - It proposes enhancing the standard system in the power equipment field to improve the quality of products like cables, transformers, and motors [5] - The industry is encouraged to embrace high-end, intelligent, and green transformations, leveraging technological innovations to upgrade the value chain [5] Group 4: Technological Advancements and Market Opportunities - Digital technology advancements are creating new opportunities in the power equipment market, with smart inspection robots and remote monitoring systems enhancing operational efficiency [6] - The plan aims to stabilize demand for power equipment through major engineering projects and the continued implementation of coal power upgrades [6] - A healthy industrial ecosystem is essential for high-quality development, with policies supporting the promotion of innovative products and the development of advanced manufacturing clusters [6] Group 5: Global Leadership and Future Prospects - The power equipment industry is actively pursuing high-end, intelligent, and green transformations, with technologies in clean and efficient power generation leading globally [7] - The sector's advancements are expected to support China's leading position in the global energy equipment landscape [7]

Group 1 - The State Grid Corporation of China completed fixed asset investments exceeding 420 billion yuan from January to September this year, representing a year-on-year increase of 8.1% [1] - Major projects such as ultra-high voltage direct current projects and high voltage alternating current projects have been launched, with the total investment expected to exceed 650 billion yuan in 2025 [1][2] - A-share listed companies are significant participants in grid construction, with multiple companies winning substantial contracts this year [1] Group 2 - Changgao Electric Technology Co., Ltd. announced that its subsidiaries won contracts totaling 313 million yuan, accounting for 17.77% of the company's audited consolidated revenue for 2024 [2] - China West Electric Co., Ltd. reported that its subsidiaries won contracts worth 1.641 billion yuan for various electrical products in the State Grid's procurement [2] - The investment in grid construction is increasing, with both the State Grid and China Southern Power Grid announcing record-high investment plans for 2025 [2] Group 3 - The unprecedented investment in the grid is expected to enhance cross-regional transmission channels, smart scheduling, and distribution network upgrades, alleviating bottlenecks in renewable energy integration [3] - The Chinese grid industry is characterized by a complete range of enterprises with strong competitiveness, possessing global advantages in cost and technology across various segments [3] - The investment climate in the grid sector is expected to remain favorable, with opportunities arising from technological upgrades and market expansion [3]