Group 1: Industry Overview - The rapid development of the renewable energy industry in China is driven by the "dual carbon" goals, with installed capacity of wind and solar power reaching 1.18 billion kilowatts by the end of June 2024, surpassing coal power for the first time [1] - The annual new installed capacity of renewable energy is expected to exceed 200 million kilowatts, continuing a rapid growth trend during the 14th Five-Year Plan period, which will significantly increase system absorption pressure [1][2] Group 2: Challenges in Renewable Energy Consumption - The challenges in renewable energy consumption arise from various factors, including the intermittent and unpredictable nature of wind and solar power, which complicates accurate forecasting and control [2] - There is a mismatch between the scale of renewable energy installations and the capacity of local power grids, as some regions did not adequately consider grid capacity when planning new projects [2] - Regional imbalances in grid development hinder the timely and sufficient transmission of renewable energy to load centers, with distribution networks facing limitations in accommodating high proportions of distributed renewable energy [2] Group 3: Policy and Investment in Distribution Networks - The release of two significant documents, "Guiding Opinions on High-Quality Development of Distribution Networks under New Circumstances" and "Implementation Plan for High-Quality Development of Distribution Networks (2024-2027)," aims to address the challenges of renewable energy consumption [2] - Investment in distribution networks is increasing, with the State Grid planning over 1.2 trillion yuan for distribution network construction during the 14th Five-Year Plan, accounting for over 60% of total grid investment [4] - The Southern Power Grid expects to achieve 50 million kilowatts of distributed solar power and 2.5 million charging piles by 2025, with a goal of achieving flexible, intelligent, and digital transformation by 2027 [4] Group 4: Technological Innovations and Requirements - The transition to a new power system necessitates new requirements for the reliability, flexibility, and green capabilities of distribution equipment [5] - Schneider Electric's EcoStruxure architecture enables digital collaboration through interconnected products and services, facilitating proactive and preventive maintenance [5] - The introduction of more direct current microgrid solutions reflects the increasing complexity of future power grids, with Schneider Electric launching medium-voltage direct current switches to address this [5]