South Grid Energy Plans to Add 2 Million Kilowatts of New Energy Storage During 14th Five-Year Plan" Period

South Grid Energy: Plans to add 2 million kilowatts of new energy storage during the "14th Five-Year Plan" period, with over 400,000 kilowatts already in operation

Recently, South Grid Energy disclosed in its investor relations activity record that the revenue of its pumped storage power stations includes capacity and electricity fees, with no profit from peak-valley price differences yet. Both pumped storage and new energy storage are the company's main business and can be developed together. The company plans to add 2 million kilowatts of new energy storage during the "14th Five-Year Plan" period, with over 400,000 kilowatts already in operation. The company recently signed a cooperation agreement with NIO, covering battery bank investment management, battery life cycle and recycling, swap station operations, virtual power plant projects, and equity investments.