Core Points - The State Grid Corporation of China has undergone organizational changes, including the dissolution of the "Pumped Storage and New Energy Division" and the establishment of an independent "Pumped Storage Division" [2] - The restructuring aims to enhance the strategic position of pumped storage, separating it from other renewable energy operations [2] - The new structure consolidates various departments related to pumped storage, wind power, and solar energy under a unified management framework [2] Organizational Changes - The "Pumped Storage and New Energy Division" was established in 2021 to integrate dispersed operations related to pumped storage, wind, and solar energy [2] - The newly formed "Pumped Storage Division" (New Source Group, New Source Holdings) is now the leading unit under the State Grid [2] - The "Information Communication Branch" and "Big Data Center" have been merged into the "Information Communication Center (Big Data Center)" [2] Strategic Focus - The establishment of the independent Pumped Storage Division reflects a strategic shift to prioritize pumped storage within the company's overall energy strategy [2] - A key meeting was held on July 31 to discuss the advancement of the Pumped Storage Division's work plan for the second half of 2025 [2]