Core Insights - The Shanghai Municipal Party Committee approved the proposal for the 15th Five-Year Plan, emphasizing the construction of "five centers" to enhance the city's economic status and core competitiveness [1] - The new emerging pillar industries for the 15th Five-Year Plan include renewable energy and green low-carbon technologies, marking a shift from the previous focus during the 14th Five-Year Plan [1] Industry Development - The energy equipment manufacturing output in Shanghai is projected to reach 190 billion yuan in 2024, with a comprehensive energy equipment industry chain covering nuclear, gas turbines, wind, solar, coal, hydrogen, energy storage, and smart grids [2] - Shanghai's energy equipment industry has achieved several domestic firsts during the 14th Five-Year Plan, enhancing international competitiveness, including breakthroughs in gas turbines, nuclear power, and wind energy technologies [2][3] Technological Innovations - Shanghai has established the world's first methanol energy storage base and is advancing the integration of hydrogen energy with energy storage technologies, creating a closed-loop energy storage industry chain [3] - The city is also focusing on carbon capture, utilization, and storage (CCUS) technologies, along with the development of equipment for controlling greenhouse gas emissions [3] Nuclear Energy Capabilities - Shanghai possesses a complete service capability across the nuclear energy industry chain, including design, equipment manufacturing, and supply chain support, enhancing its position in the nuclear equipment sector [4] - The city is promoting distributed nuclear reactor models to adapt to market demands, with initiatives for high-temperature reactors and floating nuclear power plants [4] Economic Projections - By the end of the 15th Five-Year Plan, Shanghai's energy equipment output is expected to exceed 500 billion yuan, with significant contributions from the Minhang District and the Lingang New Area [5][6] - The advanced energy equipment and green low-carbon industry in Minhang is projected to achieve a revenue of 152.85 billion yuan in 2024, with a notable growth rate compared to the overall industrial output [6] Strategic Initiatives - Shanghai plans to leverage its urban resources to create application scenarios for energy equipment, focusing on five demonstration areas including urban carbon transition, industrial decarbonization, green transportation, agricultural energy integration, and offshore comprehensive platforms [7] - The energy equipment industry in Shanghai is anticipated to reach an output value of over 500 billion yuan by the end of the 15th Five-Year Plan, with the advanced energy equipment cluster in Minhang expected to exceed 150 billion yuan by 2030 [7]