Jinzhi Technology to Invest 3 Billion Yuan in Pingding County's Integrated Source-Grid-Load-Storage Project

[Jinzhi Technology Plans to Invest 3 Billion Yuan in an Integrated Source-Grid-Load-Storage Project] SMM has learned that Jinzhi Technology announced on the evening of December 5 that its holding subsidiary, Shanxi Jinzhi Hongyang Technology Co., Ltd. (referred to as "Jinzhi Hongyang"), intends to sign the "Pingding County Integrated Source-Grid-Load-Storage Project Framework Agreement" with the People's Government of Pingding County. Jinzhi Hongyang will be responsible for investing in and constructing a new type of power system project in Pingding County, which includes wind power, PV, energy storage, and low-carbon parks, with a total investment of approximately 3 billion yuan.

According to the introduction, the project will rely on technologies such as the energy internet, modern information communication, big data, artificial intelligence, and energy storage. By integrating local power supply and load-side resources and mobilizing load-side response capabilities, it aims to achieve coordination and multi-directional interaction among all links of source-grid-load-storage. It will participate in power balance as a virtual power plant and assume corresponding rights and responsibilities, making it a highly integrated new type of power system.