China Southern Power Grid issued the "14th Five-Year" Development Plan for Emerging Businesses

The "14th Five-Year" Development Plan for Emerging Businesses proposes that during the "14th Five-Year Plan" period, in promoting the realization of the carbon peaking and carbon neutrality goals and building a new power system based on new energy resources, the development of emerging businesses will usher in an important period of strategizing, upgrading and reforming. Taking energy storage sector as an example, during the "14th Five-Year Plan" period, the company will promote the construction of pumped storage hydropower stations orderly and explore to promote the construction and operation of new energy storage technologies. The installed capacity of peak and frequency regulation power supply will exceed 15 GW, and the scale of new energy storage technologies will reach 2GW.