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]

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]