Core Viewpoint - China is focusing on building a clean, low-carbon, safe, and efficient new energy system, with pumped storage technology emerging as a solution to the challenges posed by the increasing share of renewable energy sources like wind and solar [1] Group 1: Development of Pumped Storage Technology - The International Commission on Large Dams held a seminar discussing the future development of pumped storage power stations, emphasizing the need for a "pumped storage +" multi-energy storage ecosystem [1] - Pumped storage technology is recognized as the most mature and environmentally friendly large-scale energy storage method, crucial for supporting the development of renewable energy [1][2] - The "Medium and Long-term Development Plan for Pumped Storage (2021-2035)" aims for a total installed capacity of over 62 million kilowatts by 2025, around 120 million kilowatts by 2030, and approximately 300 million kilowatts by 2035 [1] Group 2: Industry Opportunities and Trends - Pumped storage is seen as a key regulatory power source, with the potential to significantly reduce the curtailment rates of wind and solar energy while maintaining grid stability [2] - The collaborative development model of "pumped storage + new energy storage" is expected to be a significant direction for high-quality growth in the energy storage industry [2] - The global energy transition is accelerating, and pumped storage is evolving from a single storage solution to a system stabilizer that supports large-scale renewable energy consumption and enhances grid resilience [2] Group 3: Technological Innovations and Future Directions - The pumped storage industry is expected to undergo significant breakthroughs in intelligent construction and operation, transitioning from "experience-driven" to "data intelligence" [2] - Future advancements are anticipated to focus on automation, environmental sustainability, and globalization within the pumped storage sector [2] - China Electric Power Construction Group is committed to exploring development challenges and enhancing the integration of pumped storage with renewable energy sources and ultra-high voltage transmission [3]