State grid invests hundreds of billions to develop pumped storage

About State grid invests hundreds of billions to develop pumped storage

BEIJING (Reuters) - China's State Grid Corp [STGRD.UL] will invest 38.7 billion yuan ($5.66 billion) to build five pumped hydro storage plants across the country, in an effort to ease the stranded power system amid Beijing's push to boost clean energy consumption.

State Grid Corp of China started construction of two pumped storage projects on Thursday in Zhejiang and Jiangxi provinces to push forward the country's green energy transition. The two projects -- Taishun pumped storage project in Zhejiang and Fengxin pumped storage project in Jiangxi -- have a.

State-owned enterprises nationwide have come up with aggressive pumped storage plans, stepping up efforts to promote the development of power storage, which is believed to generate multi-billion dollar business opportunities. China Southern Power Grid, one of the country's two major power grids.

In 2023, we plan to start the construction of five more pumped storage power stations and put them into operation. At that time, the installed capacity of the pumped storage power stations operated by the State Grid Corporation of China will reach 38 million kilowatts, 1.6 times the total installed.

State Grid Corporation of China (SGC) launched the construction in early August of the 1200 MW Jiaohe pumped-storage scheme in the northeastern province of Jilin. With a total investment of CNY 6.97 billion (US$1.03 billion), the Jiaohe plant, which will be equipped with four 300 MW reversible.

SHIJIAZHUANG, Dec. 31 -- The Fengning pumped storage hydropower plant, the largest of its kind globally, has commenced full operation in the city of Chengde, north China's Hebei Province. Operated by the State Grid Corporation of China, the facility boasts a total installed capacity of 3.6 million.

TAIYUAN, March 21 -- In the mountainous region of Daixian County, north China's Shanxi Province, a pumped-storage power station with a total installed capacity of 1.4 million kilowatts is set to begin construction in June. Li Zhitao, deputy general manager of Shanxi Daixian Zhenghuaneng Energy.

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6 FAQs about [State grid invests hundreds of billions to develop pumped storage]

How much money will China invest in energy storage projects?

With total investment of more than 14.77 billion yuan ($2.33 billion), the two projects are expected to be put into operation by 2030, said the company. Pumped storage hydropower is the most common type of energy storage in use today.

How many kilowatts is China's State Grid?

Operated by the State Grid Corporation of China, the facility boasts a total installed capacity of 3.6 million kilowatts and is designed to generate 6.61 billion kilowatt hours of electricity annually.

How many kilowatt hours does pumped storage generate?

The company said that since its initial units began operating in 2021, the plant has generated approximately 8.62 billion kilowatt hours of electricity. As a leading renewable energy storage technology, pumped storage plays a key role in advancing the country's green energy transition.

What is pumped storage hydropower?

Pumped storage hydropower is the most common type of energy storage in use today. It saves excess power by using it to pump water from a lower reservoir to an upper one at night when electricity demand is low and releasing it to generate power during the day when demand is high.

Where is Fengning pumped-storage power station?

A drone photo taken on Dec. 31, 2024 shows the underground workshop of Fengning pumped-storage power station in Fengning Manchu Autonomous County, north China's Hebei Province. Fengning power station, the pumped-storage power station with the largest installed capacity of its kind in the world, was put into full operation on Tuesday. [Photo/Xinhua]

Where is Fengning pumped storage hydropower plant located?

[Photo/Xinhua] SHIJIAZHUANG, Dec. 31 -- The Fengning pumped storage hydropower plant, the largest of its kind globally, has commenced full operation in the city of Chengde, north China's Hebei Province.