江南时报讯 7月2日，500千伏旗杰变电站检修完成，标志着江苏2025年度500千伏及以上电网春季检修 工作全面结束。此次春检自今年2月启动，历时146天，覆盖省内13个设区市，为即将到来的夏季用电高 峰提供了坚强保障。 江苏作为经济与用能大省，电网安全至关重要。数据显示，今年1至5月，江苏全社会用电量达3315.8亿 千瓦时，同比增长2.5%。面对持续增长的用电负荷、构建新型电力系统的要求以及气象部门预测的今 夏高温天数偏多等因素叠加，今夏江苏电网将面临更严峻的挑战。 目前，江苏电网拥有35千伏及以上变电站3354座、输电线路11.28万公里，尤其在500千伏输电网上已经 形成"七纵七横"的坚强网架。 "500千伏及以上电压等级主干电网犹如人体的主动脉，它的安全与否事关全省8000万居民的可靠供 电。"国网江苏省电力有限公司设备部变电处四级职员蔚超表示，为筑牢主干电网安全根基，国网江苏 电力紧扣本质安全核心，以提升设备健康水平和电网运行可靠性为目标，提前谋划部署，高质量完成 500千伏及以上停电检修作业411项。 作为省内电网检修的王牌师，江苏省送变电有限公司承担着省内500千伏及以上输变电工程年度检修业 ...

Group 1 - In June, Inner Mongolia commenced the construction of several new energy storage projects, marking a significant acceleration in the development of new energy storage systems [1] - By June 2025, a total of 34 independent new energy storage projects will be under construction in Inner Mongolia, with a total installed capacity of 14.8 million kilowatts, which is more than double the existing capacity [1] - The new energy storage projects in Inner Mongolia feature large scales and diverse technological routes, including lithium iron phosphate, all-vanadium flow batteries, compressed air storage, and molten salt storage [1] Group 2 - In 2024, Inner Mongolia plans to accelerate the construction of a new power system, leading to a rapid increase in new energy storage capacity, with an additional 7.08 million kilowatts installed, representing a year-on-year growth of 246% [2] - The cumulative installed capacity of new energy storage in Inner Mongolia has surpassed 10 million kilowatts, reaching 10.32 million kilowatts, making it the highest in the country [2] - The accelerated construction of new energy storage stations will help address renewable energy consumption issues and enhance the stability and flexibility of the power grid, supporting the energy transition [2]

Group 1 - The National Energy Administration has initiated pilot projects for the construction of a new power system, focusing on seven key areas including grid-based technology, system-friendly renewable energy plants, smart microgrids, and virtual power plants [1] - The collaboration between computing power and electricity is emphasized, particularly in regions with favorable energy resources, aiming to enhance the green electricity supply for data centers and improve energy efficiency through innovative technologies [1] - The notification encourages the exploration of a "green electricity aggregation supply" model to increase the proportion of green electricity used by data centers and improve the overall coordination between energy supply and demand [1] Group 2 - In the new generation coal power sector, the notification outlines the promotion of pilot projects that meet clean carbon reduction and efficient regulation criteria, encouraging both existing and new units to participate [2] - The notification stresses the need for energy regulatory bodies to reform mechanisms and policies to facilitate the implementation of pilot projects, utilizing funding channels like long-term special bonds to support eligible projects [2] - The National Energy Administration will prioritize the allocation of coal power capacity for pilot projects within the established coal power planning framework, supporting the integration of new generation coal power with renewable energy [2] Group 3 - A recent meeting in Kunming focused on enhancing the design of the electricity market and advancing the construction of a unified national electricity market by 2025, with an emphasis on integrating renewable energy into the market [3] - The meeting highlighted the need for continuous operation of electricity spot markets across provinces and regions, aiming to create a robust framework for electricity market operations [3] - The goal is to ensure that by 2025, a preliminary unified national electricity market is established, facilitating the participation of renewable energy sources [3]

Core Viewpoint - The commencement of the 1 million kW/6 million kWh energy storage project in Ulanqab City, Inner Mongolia, marks a significant advancement in China's new energy storage industry, being one of the largest power-side electrochemical energy storage projects globally [1][4]. Group 1: Project Overview - The project is a collaboration between China Power Construction Corporation's Water Resources and Hydropower No. 16 Engineering Bureau and Fujian Yongfu Electric Power Design Co., Ltd., covering design, procurement, construction, and operation and maintenance services [1]. - It involves the construction of a 1000MW/6000MWh electrochemical shared energy storage power station, occupying approximately 700 acres, featuring 1200 units of 5.016MWh lithium iron phosphate battery cabins and 4 units of 250MVA dual-split 220kV main transformers [1]. - The project utilizes advanced lithium iron phosphate storage technology, integrating a conversion and boosting system along with an energy management system, enabling participation in grid frequency modulation, peak shaving, electricity market trading, and capacity compensation [1]. Group 2: Impact and Significance - Upon completion, the project will achieve an annual peak shaving capacity of 2.16 billion kWh, equivalent to the carbon sequestration of 120 million square meters of forest, effectively alleviating the pressure of wind and solar energy curtailment in Ulanqab [4]. - It will enhance the flexibility of the Inner Mongolia power grid, supporting the region's goal of exceeding 50% renewable energy installed capacity by 2025, thereby strengthening the safe and stable operation of the North China power grid [4]. - The large-scale application of advanced electrochemical storage technology in this project serves as a significant demonstration of the "Inner Mongolia solution" for constructing a new power system dominated by renewable energy, having profound implications for the technological upgrade and large-scale development of the national energy storage industry [4].

Core Viewpoint - The completion of three key renewable energy projects by State Grid Inner Mongolia Electric Power Construction Management marks the successful establishment of a transmission channel for the 1 million kilowatt wind-storage base in Inner Mongolia, which will deliver 3.6 billion kilowatt-hours of renewable energy annually to East China, significantly reducing coal consumption and carbon emissions [1][3][11]. Group 1: Project Overview - The three completed projects include the 500 kV new energy gathering and transformation project at Taohomu, the 500 kV line project connecting Tongliao and Xingan, and the 220 kV outgoing project from the 1 million kilowatt wind-storage base in Keyou Zhongqi [3][9]. - The total investment for these projects is 1.69 billion yuan, involving the construction of one new 500 kV substation, 338.96 kilometers of 500 kV lines, and 116.9 kilometers of 220 kV lines, enhancing the capacity for renewable energy integration [3][5]. Group 2: Construction Efficiency - State Grid Inner Mongolia Electric Power has implemented a collaborative approach to ensure timely project operation, establishing a "point-to-point" communication mechanism to quickly resolve issues and facilitate continuous construction [5][7]. - The construction of the Taohomu 500 kV project achieved remarkable efficiency, completing feasibility studies in 39 days and obtaining approval in just 10 working days [5][7]. Group 3: Integration into National Grid - The projects are designed to connect the 1 million kilowatt wind-storage base to the national grid, optimizing electricity distribution across the country and enhancing the economic advantages of resource-rich areas [11][13]. - The integration into the national grid will facilitate the optimal allocation of electricity resources nationwide, ensuring stable power supply while promoting the green transformation of economically disadvantaged regions [11][13]. Group 4: Environmental Impact - The renewable energy projects are expected to save over 1.2 million tons of standard coal and reduce nitrogen oxides and carbon dioxide emissions by approximately 3.2 million tons annually [1][3]. - The cumulative external power transmission from the completed ultra-high voltage projects has exceeded 730 billion kilowatt-hours, equivalent to the annual electricity consumption of 280 million households, contributing to significant carbon emission reductions [3][11].

Core Viewpoint - Beijing Haocreat Ruitong Electric Equipment Co., Ltd. (Haocreat Ruitong) has achieved significant revenue and profit growth through its advanced smart distribution technology, positioning itself as a key player in the smart grid ecosystem in China [1][2][3] Financial Performance - Haocreat Ruitong's revenue and net profit have shown compound annual growth rates of 24.47% and 27.22% respectively over the past three years [1][2] - Projected revenues for 2022, 2023, and 2024 are 560 million, 670 million, and 867 million yuan, with net profits of approximately 68.76 million, 87.41 million, and 111 million yuan [2][3] - The company maintains a gross margin above the industry average, with figures of 25.75%, 27.60%, and 25.67% for 2022, 2023, and 2024 respectively, compared to industry averages of 22.26%, 24.13%, and 23.57% [2] Technological Advancements - Haocreat Ruitong has established strong technical barriers through its long-term industry experience, focusing on high-quality and reliable products [4][5] - The company has developed proprietary technologies such as the zero-sequence current sensor and the integrated "one and two" technology, enhancing fault location accuracy and response times [4][5] - As of 2024, Haocreat Ruitong holds 119 patents and has invested significantly in R&D, with a compound growth rate of 36.69% over three years, reaching 32.33 million yuan in 2024 [5] Market Position and Client Base - The company has secured a strong position in the smart distribution equipment market, particularly through partnerships with major clients like the State Grid [6][8] - Haocreat Ruitong's revenue from the State Grid has been decreasing, indicating a diversification strategy to reduce dependency on a single client [8][7] - The company aims to expand its customer base beyond the power grid sector while maintaining strong relationships with existing clients [7] Industry Outlook - The smart grid market is projected to grow significantly, with investments in distribution networks expected to exceed 1.52 trillion yuan during the 14th Five-Year Plan period [9] - Haocreat Ruitong's IPO fundraising will focus on projects closely related to its existing business, particularly in smart distribution technology [10][11] - The company faces capacity constraints, with utilization rates for key products exceeding 100%, necessitating expansion to meet market demand [11]

Core Viewpoint - The company, Hangzhou Gaote Electronics Co., Ltd., has officially received approval for its IPO application on the ChiNext board, aiming to become a leading global supplier of new energy storage system safety and value enhancement solutions [1] Group 1: Company Overview - Gaote Electronics is recognized as a national high-tech enterprise and a "specialized, refined, and innovative" small giant enterprise, focusing on providing new energy storage battery management systems (BMS) [1] - The company has consistently led the market in product shipment volume within the large-scale storage BMS sector, achieving top recognition in the industry [2] Group 2: Financial Performance - From 2022 to 2024, the company's main business revenue has shown significant growth, with figures of 344 million yuan, 778 million yuan, and 919 million yuan respectively, resulting in a compound annual growth rate of 63.31% [3] - R&D expenses from 2022 to 2024 were 23.8862 million yuan, 38.6389 million yuan, and 63.7784 million yuan, accounting for 6.91%, 4.96%, and 6.94% of revenue respectively [2] Group 3: Industry Trends - The demand for storage BMS is increasing, driven by the need for new energy systems and the strategic focus on energy transition globally [4] - The industry is expected to undergo consolidation, with leading companies possessing comprehensive technical capabilities and brand influence likely to dominate the market [4] Group 4: Future Plans - The company plans to use the funds raised from the IPO primarily for the construction of an intelligent manufacturing center for storage battery management systems and to supplement working capital [5] - Gaote Electronics aims to enhance its technological innovation capabilities and smart manufacturing levels to support the construction of a new power system and the achievement of carbon neutrality goals [5]

Core Viewpoint - Fuzhou Energy Co., Ltd. (福能股份) announced a plan for its controlling shareholder to increase its stake in the company, reflecting confidence in the company's intrinsic value and future growth potential [1][2]. Group 1: Shareholder Actions - The controlling shareholder, Fujian Energy Group, plans to invest between 100 million to 200 million yuan to buy additional shares without a set price range [2]. - This marks the second share buyback plan initiated by the controlling shareholder within the year, with the first plan completed in June 2025 [2]. - As of June 25, 2025, the controlling shareholder and its affiliates hold 1.553 billion shares, representing 55.87% of the total share capital [2]. Group 2: Financial Performance - In Q1 2025, the company reported revenue of 3.097 billion yuan, a year-on-year increase of 0.31%, and a net profit attributable to shareholders of 752 million yuan, up 42.83% [5]. - The company has shown consistent growth in net profit, achieving a record high of 2.793 billion yuan in 2024, marking a 6.47% increase from the previous year [4]. - The company has maintained a steady dividend payout since 2014, with cash dividends of 782 million yuan, 800 million yuan, and 862 million yuan planned for 2022, 2023, and 2024, respectively [3]. Group 3: Operational Highlights - Fuzhou Energy operates a diversified power generation portfolio, including wind, natural gas, and solar energy, with a total installed capacity of 6.096 million kilowatts as of the end of 2024 [4]. - The company aims to enhance its competitiveness in the electricity market, with plans for new projects including a 6.376 billion yuan offshore wind farm and a 5.377 billion yuan combined heat and power project [5][6]. - The company is targeting a total installed capacity of 15 million kilowatts by the end of 2025 and 20 million kilowatts by the end of 2030, focusing on green energy development [6]. Group 4: Financial Health - The company's asset-liability ratio has decreased for three consecutive years, reaching 37.78% in Q1 2025, down from 50.81% in 2021 [6].

在调峰辅助服务 补偿上限由 0.7 元/千瓦时下调至 0.262元/千瓦时 的基础上，新疆电力现货市场结算试运行期间， 电力调峰市场暂不运行 。 加快推动新疆电力现货市场长周期试运行，有效促进电力调峰辅助服务市场与电力现货市场融合，为新能源发展进一步释放潜能。 科学合理规划布局新型储能 统筹电力系统现状，开展调节能力需求分析，在新能源集中送出、电网薄弱环节等 关键节点优化布局网侧新型储能 。对 "沙戈荒" 等新能源富 集且本地消纳能力较低的区域，鼓励 开展源侧新型储能建设 ，支撑新能源大规模消纳。 支持用户按照自主自愿原则配置新型储能。 加强新型储能并网调度管理 电网企业应公平无歧视向新型储能提供电网接入，优化并网流程，做好并网服务。科学确定新型储能调度运行方式，发挥移峰填谷和顶峰发电作 用，提升系统调节能力。在 新能源消纳困难时段优先调度新型储能，实现日内应调尽调， 提高新能源利用率。 文 | 新疆维吾尔自治区发展和改革委员会 近日，经新疆维吾尔自治区人民政府同意，新疆发展改革委会同国网新疆电力有限公司印发 《 关于提高新能源发展韧性 加快构建新型电力系 统的通 知 》（新发改能源〔 2025 〕 327 ...

Group 1 - The new pilot program for the new power system has been initiated in Xinjiang, with 21 specific policy measures aimed at creating a high-quality new power system industrial cluster and promoting renewable energy development [1] - The State Power Investment Corporation (SPIC) has announced the opening of bids for the second batch of 2.5GW land-based wind turbine procurement for 2025, with average prices exceeding 2000 yuan/kW, indicating a recovery in wind turbine prices and potential profitability for wind power manufacturers [1] - In May, the export value of inverters from Asia and North America increased month-on-month, with China exporting inverters worth 313 million USD to Asia, reflecting a year-on-year increase of 27.92% and a month-on-month increase of 19.32% [1] Group 2 - Tesla has signed a contract for its first gigawatt-hour level energy storage project in China, utilizing Megapack to build an independent energy storage station, laying the foundation for the development of grid-side energy storage [1] - The Electric Grid ETF tracks the Hang Seng A-share Electric Grid Equipment Index, which selects listed companies involved in power generation, transmission, and distribution equipment manufacturing from the Chinese A-share market, focusing on the overall market performance of core enterprises in the electric grid equipment industry [1] - The index components mainly include leading companies in the industrial manufacturing sector, employing a selection strategy that balances value and growth [1]