"NEA: Grid Investment to Exceed 5 Trillion Yuan, Focusing on New Architecture, Technologies, and Services"

Published: Jun 30, 2026 18:00
Du Zhongming, Director General of the Department of Electricity of the National Energy Administration, stated that grid fixed-asset investment across the country will surpass 5 trillion yuan in the 15th Five-Year Plan period. The next step will focus on three “new” areas. First, improving the new architecture of the power grid by building a new-type grid platform that coordinates the development of backbone grids, distribution grids, and microgrids, strengthening grid security resilience, promoting vehicle-grid interaction, and accelerating the construction of large-power charging facilities and charging and battery swapping infrastructure for heavy-duty electric trucks, thereby supporting the charging demand of over 110 million EVs. Second, making breakthroughs in key new technologies. This includes speeding up the innovative application of grid-forming technology, long duration energy storage (LDES) technology, and power transmission technology for large-scale 100% green electricity bases, and implementing AI + power grid projects to equip the grid with a smart brain. Third, rolling out more and better new services by continuously optimizing grid connection and transmission services for new energy and significantly enhancing the system’s regulation capacity.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Manganese Ore Weekly Review] Port Spot Cargoes Stay High, Manganese Ore Market Consolidates at Lows
33 mins ago
[SMM Manganese Ore Weekly Review] Port Spot Cargoes Stay High, Manganese Ore Market Consolidates at Lows
Read More
[SMM Manganese Ore Weekly Review] Port Spot Cargoes Stay High, Manganese Ore Market Consolidates at Lows
[SMM Manganese Ore Weekly Review] Port Spot Cargoes Stay High, Manganese Ore Market Consolidates at Lows
August 14: North China ports: 46% Australian lumps at 40-40.5 yuan/mtu, flat WoW; South African semi-carbonate ore at 32.2-32.7 yuan/mtu, down WoW; Gabonese ore at 37.8-38.2 yuan/mtu, flat WoW; South African high-iron ore at 28.5-29 yuan/mtu, flat WoW; South African medium-iron ore at 35-35.5 yuan/mtu, flat WoW. South China ports: 46% Australian lumps at 42.9-43.4 yuan/mtu, flat WoW; South African semi-carbonate ore at 36.3-36.8 yuan/mtu, flat WoW; Gabonese ore at 40.6-41.1 yuan/mtu, flat WoW; South African high-iron ore at 31.2-31.7 yuan/mtu, flat WoW; South African medium-iron ore at 38-38.5 yuan/mtu, flat WoW. Demand for manganese ore was subdued, port spot cargoes were elevated, and port manganese ore prices would consolidate at lows in the short term.
33 mins ago
LG and Nvidia Complete AI Alliance
55 mins ago
LG and Nvidia Complete AI Alliance
Read More
LG and Nvidia Complete AI Alliance
LG and Nvidia Complete AI Alliance
LG Group Chairman Koo Kwang-mo and Nvidia CEO Jensen Huang met again in August 14, just two months after their meeting at LG Twin Towers in Yeouido, Seoul, in June. The two sides signed an MOU covering three key areas: physical AI, AI infrastructure and mobility.
55 mins ago
LS Posts KRW 1.7 Trillion Operating Profit in H1, Surpassing Last Year’s Full-Year Figure
56 mins ago
LS Posts KRW 1.7 Trillion Operating Profit in H1, Surpassing Last Year’s Full-Year Figure
Read More
LS Posts KRW 1.7 Trillion Operating Profit in H1, Surpassing Last Year’s Full-Year Figure
LS Posts KRW 1.7 Trillion Operating Profit in H1, Surpassing Last Year’s Full-Year Figure
LS Corp. announced on August 14 that its second-quarter revenue reached KRW 11.0236 trillion, with operating profit of KRW 595.6 billion. The figures increased 40% and 153%, respectively, from the same period last year. Among its subsidiaries, LS MnM recorded revenue of KRW 10.2362 trillion and operating profit of KRW 365.3 billion in the first half. Compared with the first half of last year, revenue rose 58%, while operating profit surged 427%. The company attributed the increase in operating profit to higher copper cathode premiums and rising prices for precious metals and sulfuric acid products.
56 mins ago
Du Zhongming, Director General of the Department of Electricity of the - Shanghai Metals Market (SMM)