新春佳节，我国南方地区能源建设一线热度不减。南方电网藏粤直流、惠州中洞抽水蓄能、桂林灌阳抽 水蓄能等一批重大能源工程春节期间持续施工，超2000名建设者坚守岗位，以"开年即开跑"姿态全力冲 刺。一季度，南方电网计划投资总额超30亿元，以实际行动扩大有效投资、增强发展后劲。抽水蓄能建 设多点发力，惠州中洞、肇庆浪江、茂名电白、桂林灌阳、钦州灵山等多座抽水蓄能电站同步推进。作 为国家"十四五"规划重点能源工程，桂林灌阳抽水蓄能电站已进入地下工程建设期，项目2376米自流排 水洞节前实现全线贯通，当前正紧盯主厂房开挖、上下水库截流等关键节点稳步推进。世界首个四端特 高压柔性直流工程——藏粤直流工程建设现场一派繁忙。200余名建设者坚守广州小迳、深圳中部换流 站，全力推进"三通一平"及土石方作业，抢抓雨季前建设黄金期，为11月主体工程开工赢得主动。这 条"绿电天路"建成后，每年可将超430亿千瓦时藏东南清洁电能直送粤港澳大湾区。南方电网工程建设 部副总经理董言乐表示，公司紧扣扩大有效投资、重大项目挑大梁的要求，全力推进重大工程建设，为 经济社会高质量发展注入强劲电力动能。（记者戴小河） ...

2月19日，大年初三。位于南宁市武鸣、宾阳、兴宁三县区交界处的白凿山云雾缭绕，南宁抽水蓄 能电站里一派火红喜庆的节日氛围。 这个历经1200多天的日夜奋战、凝聚3000余名建设者智慧和汗水的国家"十四五"重大工程，迎来春 节保供电"首秀"。 "春节假期，南宁抽蓄电站每天启动5次左右，调节电量达到420万度，相当于70万居民用户一天的 用电需求。"南网储能南宁蓄能发电公司副总经理刘毅介绍。 扫码上广西云客户端看相关视频 作为广西首座抽水蓄能电站，南宁抽水蓄能电站拥有诸多成功的创新应用经验。不久前，首台国产 抽水蓄能电压源型静止变频器在南宁抽水蓄能电站一次性并网成功，标志着我国新型抽水蓄能变频器的 自主研制取得成功。 近日，桂林灌阳抽水蓄能电站传来捷报，长达2376米的自流排水洞实现全面贯通，地下工程贯通总 长已经过半，进入全面建设加速期。春节假期，300多名建设者同时推进7个工作面的施工任务，进行多 个施工支洞的开挖支护。 在玉林，历经近11个月的开挖后，全长1751米的福绵抽水蓄能电站进厂交通洞实现贯通，将承担地 下厂房与输水系统连接功能。至此，电站总长3059米的地下厂房施工主要通道全面建成，为主体工程开 ...

（来源：河北新闻网） 转自：河北新闻网 守岗传温情，攻坚践初心。最近，国网新源河北抚宁抽水蓄能电站项目再传捷报：最后一台机组——4 号机组的座环蜗壳顺利完成吊装，120万千瓦的"超级充电宝"加速成型。 地下110米，灯光如昼。巨大的厂房穹顶之下，一座重176吨，高2.5米，最大直径近12米的座环蜗壳正 对准基础环缓缓降落。 作为国家能源局"十三五"规划重点项目，国网新源抚宁抽水蓄能电站总投资80.59亿元，总装机容量120 万千瓦，计划2027年实现首台机组投产发电。 国网新源河北抚宁抽水蓄能电站机组安装负责人 方一鸣：目前我们电站已经全面进入机电安装的高峰 期，上水库大坝已经填筑近80%，下水库大坝已经填筑到顶，引水系统已经全面贯通，2028年四台机组 全部并网发电。 国网新源抚宁抽水蓄能电站建成投用后，将有效增强风电、光伏等新能源的消纳和区外来电的接纳能 力，提高电力系统的安全可靠性和运行经济性。 国网新源河北抚宁抽水蓄能有限公司机电部主任 任伟：同时具有调峰、储能、系统备用和黑启动等多 项功能，每年可减少标准煤耗10.52万吨，减少二氧化碳排放24.9万吨，直接降低能源消耗和相应的碳排 放。 俸俊是此次 ...

Recent Events - Company plans to acquire 51% stake in Fujian Yongtai Mintou Pumped Storage Co., Ltd. from its controlling shareholder, Fujian Investment Development Group, for a cash consideration of 863.93 million yuan, aiming to expand its pumped storage business [2] - The target company has a total installed capacity of 1.2 million kilowatts, with projected net profits of 230 million yuan for 2024 and 158 million yuan for the first eight months of 2025 [2] Management Changes - The company announced the resignation of Deputy General Manager Yan Bo due to work-related changes, effective February 6, 2026 [3] Stock Performance - On February 11, 2026, the company's stock price increased by 2.02%, closing at 6.06 yuan per share, with a net inflow of 907,200 yuan in main funds and a turnover rate of 0.40% [4] - Since the beginning of 2026, the stock price has risen by 11.81%, and there was a 5.00% increase on December 5, 2025, due to favorable policies in Fujian Province [4] Business Developments - The company received approval for three solar power projects totaling 250 MW, which were included in the "Fujian Province Solar Power Station Development and Construction Project List (2025 Edition)" [5] - In 2025, the company generated a total electricity output of 2.875 billion kWh, a year-on-year decrease of 4.41%, with revenue of 1.08 billion yuan and a net profit of 328 million yuan for the first three quarters, showing a decline compared to the previous year [5] Strategic Initiatives - The company approved a proposal to establish a corporate group and amend its articles of association on December 12, 2025, aiming to integrate its subsidiaries under the parent company [6] - The company is also working on upgrading old wind farm equipment to enhance power generation efficiency [6]

Core Viewpoint - The Guangxi Guigang Pumped Storage Power Station, a key project in the national pumped storage planning, has commenced construction, marking the first such facility in a city center in western China, aimed at ensuring stable power supply and promoting clean energy consumption [1][2] Group 1: Project Overview - The Guigang Pumped Storage Power Station will install four 300,000 kW units, with a total regulation capacity of 2.4 million kW, designed to meet peak load shaving and valley filling needs close to the power load center [1] - The station is strategically located at a key hub of the West-to-East Power Transmission corridor, surrounded by abundant clean energy resources [1] Group 2: Environmental Considerations - The construction of the power station will involve an environmental investment of approximately 340 million yuan, exceeding 4% of the total project investment, aimed at implementing green construction technologies [1] - The project will utilize excavated materials from the construction process for dam filling and concrete pouring, achieving a balance between excavation and filling to maintain urban aesthetics [1] Group 3: Future Impact - The Guigang Pumped Storage Power Station is expected to be fully operational by the end of 2029, capable of absorbing 2.52 billion kWh of clean energy annually, which will reduce carbon dioxide emissions by approximately 2.2 million tons [2] - The facility will meet the annual electricity needs of about 1.15 million residential users and ensure stable delivery of 8 million kW from wind, 4.7 million kW from solar, and 6.9 million kW from nuclear power in southern Guangxi [2]

Core Viewpoint - The Guangdong Electric Power Storage Project has reached a significant milestone with the completion of underground excavation, marking the transition to the electromechanical installation phase, which is expected to enhance clean energy development in the region [1] Group 1: Project Details - The project is located in the deep mountains of western Guangdong, featuring giant wind turbine blades and significant construction activity [1] - The underground plant, situated 100 meters deep, will house four units of 300,000 kilowatts each, capable of converting 1.26 million cubic meters of water into 1.2 million kilowatt-hours of clean electricity per hour [1] - The project is part of China's medium- to long-term plan for pumped storage hydropower, with an expected operational date for all units in the first half of 2028 [1] Group 2: Environmental Impact - Upon completion, the power station is projected to reduce carbon emissions equivalent to planting 120,000 trees annually [1] - The facility is expected to consume 2.16 billion kilowatt-hours of clean energy each year, ensuring stable delivery of clean power in western Guangdong [1] Group 3: Technological Innovations - The project has implemented 3D visualization safety monitoring technology to strictly control excavation parameters and operational indicators [1] - This technological advancement is aimed at enhancing safety and efficiency during the construction phase [1]

Core Viewpoint - The Shandong Taishan Pumped Storage Co., Ltd. is advancing multiple pumped storage projects to enhance energy efficiency and contribute to carbon reduction goals in Shandong Province [1][2][3] Group 1: Company Overview - Established in 1999, Shandong Taishan Pumped Storage Co., Ltd. has a registered capital of 2.60081 billion RMB, with investments from State Grid Xinyuan Group (50.29%), State Grid Shandong Electric Power Company (43.39%), and Taishan Investment Co., Ltd. (6.32%) [1] - The company manages two pumped storage power stations: the first phase with a total investment of 4.3 billion RMB and a capacity of 1 million kW, and the second phase with a planned investment of 10.748 billion RMB and a capacity of 1.8 million kW [1][2] Group 2: Project Details - The first phase of the Taishan pumped storage power station has been operational since June 2007, achieving an average of over 3,000 starts per year, and saving 434,000 tons of standard coal and 255,000 tons of fuel annually [1] - The second phase is designed to generate 1.8 billion kWh annually and pump 2.4 billion kWh, with a focus on domestic technology breakthroughs in variable-speed units [2] - The third phase, with a total investment of 2.6 billion RMB and a capacity of 450,000 kW, is expected to start construction during the 14th Five-Year Plan period and be completed by 2033 [3] Group 3: Environmental Impact - The second phase of the project is projected to save 784,000 tons of standard coal annually and reduce emissions of CO2 by 1.3 million tons, SO2 by 28,700 tons, and NOx by 3,300 tons [2] - The company aims to contribute to the establishment of a "green and low-carbon energy transition demonstration zone" in Shandong Province, aligning with national carbon peak and carbon neutrality goals [3]

Core Viewpoint - The recent notice from the National Development and Reform Commission and the National Energy Administration outlines new pricing mechanisms for pumped storage and independent new-type energy storage, aiming to enhance market-oriented operations and clarify pricing policies for different categories of power stations [1][2]. Group 1: Pricing Mechanisms for Pumped Storage - The notice specifies that pumped storage stations built before the issuance of the 633 document will continue to have government-set pricing, with adjustments made post-operation based on necessary technical upgrades and maintenance costs [1][2]. - For pumped storage stations constructed after the 633 document, provincial pricing authorities will set capacity prices every 3-5 years based on average cost recovery principles, with adjustments for operational hours [1][2]. - New pumped storage stations can participate in energy and ancillary service markets, sharing a portion of market revenues as determined by provincial pricing authorities [1][2]. Group 2: Independent New-Type Energy Storage Pricing - The notice establishes a capacity pricing mechanism for independent new-type energy storage stations that support power system safety, with pricing based on local coal power capacity standards and peak capacity ratios [1][2]. - Independent new-type energy storage stations will be managed under a list system, with specific management requirements to be defined by the National Energy Administration [1][2]. Group 3: Electricity Settlement Policies - In regions with continuous spot markets, the pricing for pumped storage and independent new-type energy storage will follow market rules or real-time spot prices; in regions without continuous markets, pricing will be based on commercial user electricity purchase prices [1][2]. - During charging, pumped storage and independent new-type energy storage will be treated as users, incurring transmission and system operation fees, while discharge will reduce these fees accordingly [1][2]. Group 4: Impact on the Company - The company’s existing pumped storage stations, including seven operational ones, fall under the first category, while nine additional stations under construction are classified as the second category [2][4]. - The company’s future projects will either follow the second or third category pricing policies, which will be clarified by relevant authorities during project implementation [2][4]. - The company plans to leverage the new pricing policies and the "dual carbon" strategy to optimize its pumped storage and new-type energy storage development strategies, enhancing its value creation capabilities [6].

Core Viewpoint - The announcement discusses the adjustment of pricing policies for pumped storage and new energy storage, as outlined by the National Development and Reform Commission and the National Energy Administration, which will impact the company's operations and revenue generation strategies. Pricing Policy Adjustments - The new pricing policy for pumped storage includes three categories of power stations: 1. First category stations will continue to have government-set pricing based on previous regulations [1] 2. Second category stations will have their capacity prices determined every 3-5 years based on average cost recovery principles [1] 3. Third category stations will participate in market mechanisms and receive all market revenues [1] - For independent new energy storage on the grid side, capacity pricing will be based on local coal power capacity prices, adjusted for peak capacity [1] Impact on the Company - The company has several pumped storage stations classified under the first and second categories, with the pricing policies for new projects yet to be clarified [4] - Existing new energy storage stations will either maintain their original business model or adopt new pricing policies, pending further clarification from authorities [4] - The company expects to generate capacity fee income from new grid-side independent energy storage projects and participate in electricity market transactions [4] Market Execution and Revenue - The company operates and is constructing pumped storage and new energy storage stations across five provinces, with varying market conditions affecting pricing execution [5] - In Guangdong, where the electricity market is continuously operational, pricing will follow market rules, while other provinces are in trial phases [5] - The company will be treated as a user during charging, incurring certain fees, while discharge will reduce transmission fees accordingly [5] Future Strategy - The company plans to leverage the "dual carbon" strategy opportunities and optimize its pumped storage and new energy storage development strategies in line with the new pricing policies [7] - The company aims to enhance its value creation capabilities in the market under the new regulatory framework [7]

Core Viewpoint - The article discusses the recent notification issued by the National Development and Reform Commission and the National Energy Administration regarding the improvement of the capacity pricing mechanism for hydropower storage, which is expected to enhance the development of the energy storage industry and facilitate the construction of a new power system in China [2]. Group 1: Improvement of Pumped Storage Pricing Mechanism - The notification aims to establish a scientific pricing mechanism for the sustainable development of the pumped storage industry, addressing issues such as investment guidance and market price signals [3]. - The principle of "stability for existing projects and activation for new projects" is emphasized, with differentiated policies for existing and new pumped storage plants to ensure stable operations and reasonable returns [4][6]. - For existing projects, the notification allows provincial pricing authorities to continue using previous pricing methods to avoid significant operational fluctuations due to policy changes [4]. Group 2: New Pricing Mechanism for New Projects - For new projects initiated after the previous guidelines, a pricing mechanism combining "unified capacity price + market revenue sharing" is introduced, which aims to optimize resource allocation and encourage investment [6]. - The unified capacity price will be determined every 3-5 years based on average costs, while market revenue sharing will increase the proportion of market income in the revenue structure of pumped storage plants [6][8]. - This transition from policy-driven to market-driven mechanisms is expected to enhance the efficiency of new projects and support the construction of a new power system [6]. Group 3: Independent Capacity Pricing for New Energy Storage - The notification establishes an independent capacity pricing mechanism for grid-side new energy storage, allowing these facilities to have the same capacity status as coal power plants [7]. - The new pricing structure includes "capacity price + energy revenue + ancillary services," which will provide stable income and promote the rapid development of the new energy storage industry [8]. - Different energy storage technologies will compete under unified rules, shifting the focus from cost competition to a comprehensive evaluation of functional value [8]. Group 4: Assessment and Regulation - The policy includes a user price burden assessment system to ensure that the pricing mechanism is sustainable and beneficial for the economy [9][10]. - Strengthened capacity fee assessments will guide the operational performance of power plants, ensuring that revenue flows to projects that effectively provide regulatory functions [10]. - This dual approach aims to balance user price burdens with regulatory oversight, maximizing the effectiveness of the pricing reforms [10]. Conclusion - The comprehensive improvement of the energy storage pricing mechanism establishes a policy framework that balances stability for existing projects with market-driven transformation for new projects, filling the gap in independent capacity pricing for grid-side energy storage [11]. - The notification is expected to attract social capital into efficient energy storage sectors, enhancing the power system's regulatory capabilities and supporting the transition to a green and low-carbon energy structure [11].