Core Viewpoint - The sixth International Forum on New Power Systems and the 21st International Technology Forum of China Southern Power Grid was held, showcasing the achievements and innovations in the construction of new power systems during the 14th Five-Year Plan period [1] Group 1: Achievements in New Power System Construction - China Southern Power Grid has built the world's largest AC-DC interconnected grid, with cumulative electricity transmission exceeding 950 billion kilowatt-hours [1] - The reliability of power supply in the Guangdong-Hong Kong-Macao Greater Bay Area has reached world-class levels [1] - The number of registered market participants in the electricity trading market has surpassed 220,000, accounting for one-fourth of the national total, with over 70% of electricity traded through market mechanisms [1] - The ultra-high voltage transmission technology is internationally leading, with the Kunliulong DC project achieving 19 world-first power technology milestones [1] Group 2: Green Energy Supply and Efficiency - The digitalization efforts have improved the management of renewable energy, with short-term forecasting accuracy for wind and solar power reaching 88% and 93%, respectively [2] - Non-fossil energy generation in five provinces has reached 66% of installed capacity and 56% of total generation, placing it among the leading grids globally [2] - The installed capacity of renewable energy has exceeded 257 million kilowatts, a 3.5-fold increase since 2020 [2] - The capacity for electricity transmission from the west to the east has surpassed 58 million kilowatts, with over 80% of the transmitted electricity being clean energy [2] Group 3: Energy Transition and Consumer Benefits - Since the 14th Five-Year Plan, electricity substitution has exceeded 240 billion kilowatt-hours, with electricity accounting for 34% of total energy consumption, 5 percentage points higher than the national average [3] - Over 100,000 charging piles have been installed across urban and rural areas, achieving full coverage in the Guangdong-Hong Kong-Macao Greater Bay Area [3] - The green electricity trading volume is expected to reach 250 billion kilowatt-hours by 2025, surpassing the total of the previous three years [3] Group 4: Collaborative Development of Power Systems - The new power system construction emphasizes collaboration among generation, grid, load, and storage [4] - The installed capacity of pumped storage and new energy storage has exceeded 10 million kilowatts each, with demand-side response levels reaching 7.6% [5] Group 5: Mechanism Innovation and Market Efficiency - New mechanisms have been established for shared storage leasing and auxiliary services, enhancing resource allocation efficiency [6] - The virtual power plant model in Shenzhen exemplifies the integration of electric vehicles as mobile storage, achieving a controllable load of 1.1 million kilowatts [6] Group 6: Technological Innovation and Digital Transformation - The company has implemented advanced technologies for grid management, achieving significant improvements in operational efficiency and safety [7][8] - The digital grid construction is progressing steadily, with the establishment of an AI alliance and the release of national standards [9] - The integration of digital supply chains is driving the development of new business models within the industry [10] Group 7: Commitment to Sustainable Development - The company expresses its commitment to collaborating with various stakeholders to contribute to global sustainable energy development [11]

Core Insights - The Southern Power Grid Company has officially released a white paper detailing its achievements and innovations in the construction of a new power system during the 14th Five-Year Plan period [1] Group 1: Achievements in Power System Development - The company has built the world's largest AC-DC interconnected power grid, with a cumulative electricity transmission of over 950 billion kilowatt-hours [3] - The reliability of power supply in the Guangdong-Hong Kong-Macao Greater Bay Area has reached world-class levels, with over 220,000 registered market participants, accounting for one-fourth of the national total [3] - The installed capacity of renewable energy has exceeded 257 million kilowatts, a 3.5-fold increase since 2020, establishing a clean and low-carbon supply structure [4] Group 2: Green Energy Supply and Consumption - The electricity substitution volume in the five provinces has surpassed 240 billion kilowatt-hours, with electricity accounting for 34% of total energy consumption, 5 percentage points higher than the national average [5] - Over 100,000 charging piles have been installed across urban and rural areas, achieving full coverage in the Greater Bay Area [5] - The trading volume of green electricity certificates is expected to reach 250 billion kilowatt-hours by 2025, surpassing the total of the previous three years [5] Group 3: Collaborative Development of Power Sources and Storage - The company has implemented a system-wide approach to address supply-demand matching challenges, enhancing the efficiency of green electricity across the entire production, transmission, consumption, and storage chain [6] - The installed capacity of pumped storage and new energy storage has exceeded 15 million kilowatts, with demand-side response levels reaching 7.6% [7] - The establishment of 35 new power system demonstration zones and 36 near-zero carbon demonstration zones has provided replicable models for coordinated development [8] Group 4: Technological Innovations - The company has adopted advanced technologies such as cloud computing, big data, and artificial intelligence to transform the power grid from traditional to intelligent [9] - Over 99.5% of substations are now unmanned, and the coverage of distribution automation has increased to 99.72% [9] - The company has launched the first national pilot base for artificial intelligence applications in the energy sector, promoting the development of a digital power grid [10]

Group 1 - New energy has become the primary power source in over ten provinces in China, with Xinjiang and Shandong having new energy installation ratios exceeding 50% [1] - Shandong's new energy and renewable energy installations reached 125 million kilowatts, accounting for over 51% of the total [1] - Xinjiang's total power installation surpassed 200 million kilowatts, with new energy installations at 112 million kilowatts, representing 55.72% of the total [1] - Nationwide, as of the end of March, China's cumulative installed capacity of wind and solar power reached 1.482 billion kilowatts, surpassing the total installed capacity of thermal power [1] Group 2 - In response to the challenges of high proportions of new energy operation, the State Grid has launched a large-scale new energy grid operation control system [2] - This system covers over 60,000 substations and hundreds of thousands of new energy stations, enabling rapid economic adjustment of power supply and demand under fluctuations of 360 million kilowatts [2] - The South China Grid has established a new energy scheduling management platform to monitor and analyze new energy operations across five provinces [2] Group 3 - Companies like Huawei are focusing on the application of artificial intelligence in new energy, enhancing the accuracy of weather and power forecasting models [3] - Huawei's AI-based forecasting solution achieved a 97.24% accuracy rate for 15-minute predictions and over 90% for 24-hour forecasts [3] - The Chinese government has initiated actions to build a new power system, enhancing the grid's capacity to accept and regulate clean energy [3]