Core Insights - The State Grid Corporation of China is focusing on high-quality development, ensuring safety, supply, and livelihood while stabilizing employment, enterprises, markets, and expectations [1] - The company has achieved significant milestones in investment and project completion, with fixed asset investment exceeding 270 billion yuan, marking an 11.7% year-on-year increase [1] - The company continues to lead in global utility rankings, maintaining its position as the top brand for eight consecutive years [1] Investment and Project Development - Key projects such as the East Longdong-Shandong and Hami-Chongqing ultra-high voltage projects have been successfully put into operation, enhancing energy resource allocation capabilities [1] - A total of 140 key projects for summer peak demand have been completed, ensuring reliable power supply [1] - The company has increased pumped storage capacity by 2.575 million kilowatts, achieving 70% of its annual construction target [1] Market Dynamics - The market-oriented trading volume in the State Grid's operating area reached 24.55 trillion kilowatt-hours, a 5.0% increase year-on-year, accounting for 75.3% of total trading volume [2] - Notable transactions include the first market-based green electricity transfer from Xinjiang to Beijing and the first green electricity transaction from Heilongjiang to Tianjin [2] - The company has facilitated significant cross-regional electricity trading, with peak power transactions reaching 165 million kilowatts, an 8% increase year-on-year [2] Technological Advancements - The company has made strides in technology with the launch of several key projects at the 2025 Energy Power Transition International Forum, including advancements in offshore wind power and high-proportion renewable energy grid operation control systems [3] - The new high-proportion renewable energy grid operation control system addresses the challenge of integrating large-scale renewable energy, positioning the company as a global leader in renewable energy integration technology [3] - The commencement of the ±800 kV ultra-high voltage direct current transmission project in northeastern Brazil is expected to benefit 12 million people, showcasing international energy cooperation [3] Future Plans - The company aims to continue supporting economic and social development by accelerating grid construction and promoting high-quality development of renewable energy [4] - Key projects such as Jinshang-Hubei and Mengxi-Beijing-Tianjin-Hebei ultra-high voltage projects will be prioritized for completion [4] - The company plans to further explore trading potential and enhance regional energy cooperation to optimize resource allocation [4]

Core Insights - China has made significant efforts in promoting energy transition and infrastructure development, setting a global example in renewable energy integration [1][2] - The international community recognizes the need for a clean and low-carbon energy transition, with a focus on system stability and digitalization in power grids [1] - The forum highlighted China's role in renewable energy development and the importance of innovative technologies in enhancing power transmission efficiency [1][2] Group 1 - The Director-General of the International Renewable Energy Agency emphasized China's exemplary efforts in large-scale renewable energy integration [1] - The Chairman of the State Grid Corporation of China stated that addressing climate change and accelerating energy transition has become a global consensus [1] - The forum showcased significant technological achievements in new power system construction, including flexible DC equipment for offshore wind power and high-proportion renewable energy grid operation control [2] Group 2 - The International Electrotechnical Commission is committed to digitalization and electrification of equipment, promoting sustainable development through global cooperation [2] - The forum aimed to share practical results and strengthen international collaboration for green energy transition and sustainable development [2] - Representatives from 30 countries and regions participated in the forum, indicating a broad international interest in energy transition [2]