By: State Council Information Office
On the morning of August 26, 2025 (Tuesday) at 10:00, the State Council Information Office held a press conference in the “High-quality Completion of the 14th Five-Year Plan” series. Wang Hongzhi, member of the Party Leadership Group of the National Development and Reform Commission and Head of the National Energy Administration, Wan Jinsong, Deputy Head of the National Energy Administration, Du Zhongming, Director General of the Department of Electric Power of the National Energy Administration, and Li Chuangjun, Director General of the Department of New Energy and Renewable Energy Sources of the National Energy Administration, introduced the achievements of high-quality energy development during the 14th Five-Year Plan period and answered questions from reporters.
Image: State Council Information Office
Wang Hongzhi, member of the Party Leadership Group of the National Development and Reform Commission and Head of the National Energy Administration, mentioned that the “14th Five-Year Plan” has witnessed greater breakthroughs in energy science and technology innovation. Technologies and equipment such as new energy are leading globally, with new energy patents accounting for more than 40% of the world’s total, photovoltaic conversion efficiency and offshore wind power unit capacity continuously refreshing world records. In just a few short years, China’s scale of new energy storage has ranked first in the world.
New models and new business forms are developing vigorously, with smart microgrids, virtual power plants and others entering the fast lane of development. Pilot programs for scaled application of vehicle-to-grid interaction are accelerating, the energy industry is speeding up integration with industries such as manufacturing and transportation, new fields and new tracks are continuously emerging, and they have become an important source of the development of new quality productive forces.
Li Chuangjun, Director General of the Department of New Energy and Renewable Energy Sources of the National Energy Administration, mentioned that since the “14th Five-Year Plan”, China’s electricity market transaction volume has increased from 10.7 trillion kilowatt-hours during the “13th Five-Year Plan” to 23.8 trillion kilowatt-hours, more than doubling. On the user side, all industrial and commercial users have entered the market, independent energy storage and other new entities, new models, and new business forms are developing vigorously, and a market pattern with orderly participation of multiple entities has basically taken shape.
Wan Jinsong, Deputy Head of the National Energy Administration, mentioned that investment in new energy business forms is also continuing to improve. In 2024, investment completed in key projects such as new energy storage, charging and swapping infrastructure, hydrogen energy, and generation-grid-load-storage integration reached nearly 200 billion yuan, gradually becoming a new growth point for energy investment.
During the “14th Five-Year Plan” period, we have made overall plans for the development of emerging industries such as new energy storage and hydrogen energy, promoting the continuous optimization of the industrial innovation ecosystem and development environment. As of the first half of this year, China’s installed capacity of new energy storage is about 95 million kilowatts, nearly 30 times growth in five years, equivalent to equipping the new power system with a “giant power bank.” In 2024, China’s hydrogen energy production and consumption scale exceeded 36 million tons, ranking first in the world, of which renewable energy hydrogen production capacity accounted for more than half of the global total.