In 2024, the annual fixed asset investment will be 173 billion CNY, a year-on-year increase of 23.5%, and the layout of new fields and new tracks will be accelerated; "hero invitations" will be widely issued, and artificial intelligence algorithm application competitions will be held...

"In recent years, China Southern Power Grid has deeply implemented the new development concept, steadfastly pursued the path of high-quality development, promoted quality, efficiency, and power reforms, and continuously met the energy needs of residents, "said a person in charge of China Southern Power Grid Corporation.

Focusing on technological innovation and building a digital power grid

In the factory building of Guangzhou Pumped Storage Power Station, the generator set that has been in operation for 21 years has been replaced with the first Chinese-made digital intelligent speed regulator system.

"In the past, the speed regulator system of domestic pumped storage units relied on imports," Mr. Gong Yu, deputy general manager of the Southern Power Grid Energy Storage Repair and Testing Company, told reporters that after two years of independent research and development, the team has achieved the localization of all 61 types of sub-equipment and more than 42,000 chips in the system, reducing power consumption by 50% and increasing startup speed by 20% compared to imported systems.

Technological innovation is the strategic direction, mission and development requirement of the enterprise. China Southern Power Grid insists on taking technological innovation as the "number one project", leading the improvement of industrial control and security support capabilities with technological innovation, and injecting strong impetus into accelerating the development of new quality productivity.

A large number of scientific and technological innovations have emerged, and the number of valid patents has increased nearly 12 times in 10 years. These innovative achievements strongly support the safe and stable operation of large AC and DC power grids and the optimal allocation of resources on a large scale, making the development of the East and West more coordinated and greener.

Recently, on the big screen of the power dispatching and control centre of China Southern Power Grid, numbers jumped in real-time, and the artificial intelligence model ran at high speed, predicting the power generation of tens of thousands of wind and solar power units in the next hour. Combined with the predicted data, the system issued instructions to power stations thousands of miles away, "flash-sending" clean electricity from the southwest to Guangdong and Guangxi.

China Southern Power Grid has developed a large-scale intelligent scientific computing model called "Driving Power" to help the system balance safety and efficiency. In some provinces, more than 1 kWh of every 4 kWh of electricity used comes from renewable energy.

"We are actively building a digital power grid, giving full play to the complementary advantages of multiple energy sources such as water, coal, nuclear, gas, wind and light, and forming a clean power supply pattern." Mr. Zheng Waisheng, General Manager of the Strategic Planning Department of the State Grid Corporation of China, said that in recent years, the company's non-fossil energy has accounted for an average of 50% of its electricity annually, and for every 2 kilowatt-hours of electricity generated, 1 kilowatt-hour of "zero-carbon electricity" is generated.

Green and low-carbon transformation to promote equal services

As a hub connecting energy production and consumption and facilitating the circulation of energy resources, China's Southern Power Grid adheres to the concept of openness and sharing and promotes the green and low-carbon transformation of all links of energy from production to consumption.

——Forge a green ecological chain. Innovation is a complex social system project and must not be done behind closed doors. The Guangdong Provincial Government and China Southern Power Grid have established a national manufacturing innovation centre in the field of new energy storage to open up the "laboratory-manufacturing-market" industrial chain. At present, the centre has attracted 85% of the national innovation platforms in related fields and 75 institutions and enterprises to join in and jointly promote technological innovation and commercial transformation.

—— Make green electricity a "Popular electricity". Open the homepage of the "China Southern Power Grid Online" smart business hall and enter the "Business Hall" You can see the newly added "Green Electricity e-Purchase" service module. "Green procurement has further promoted the company's green and low-carbon transformation," said Mr. Liu Meng, General Manager of the Safety and Production Technology Management Department of Shenzhen Energy Group.

In addition to promoting the transformation of all links in the industrial chain, China's Southern Power Grid has also continuously promoted the equalization of urban and rural power supply services, so that the results of power grid development can better benefit thousands of households.

With the completion and opening of the Shenzhen-Zhongshan Channel, 130 transformers and a full set of smart equipment provide power supply protection for the "super project"; before the peak summer, China Southern Power Grid Guangdong Power Grid Company has newly completed 7,486 distribution network engineering projects to further enhance the "last mile" power supply capacity... At present, the power supply reliability of the Guangdong-Hong Kong-Macao Greater Bay Area has reached the advanced level of major bay areas in the world.

Promote photovoltaic leasing cooperation models, build charging piles, transform electromagnetic kitchens, explore rural near-zero carbon implementation paths, and promote urban-rural integration development... China Southern Power Grid continues to carry out rural power grid upgrades and renovations, greatly improving the reliability of rural power supply.

At the same time, green power technology achievements are accelerating their "going global". In Chile's Atacama Desert, enterprises are accelerating the construction of Chile's first high-voltage direct current transmission project with a total length of about 1,350 kilometres.

Reshape the governance system and stimulate endogenous motivation

To promote high-quality development, we must solve development problems through reform. In recent years, China's Southern Power Grid has continuously promoted reforms in key areas and key links.

The corporate headquarters have been "slimmed down and strengthened", and the deliberative and coordinating bodies have been streamlined from 48 to 23; 143 precise talent support measures have been implemented; a regional electricity market has been built... By reshaping the governance system, corporate vitality has been continuously stimulated and breakthroughs have been made in promoting the construction of a unified national electricity market system.

Seeing the changes from a small perspective - A business team leader of China Southern Power Grid Internet Company told reporters that according to project needs, the team can be built, dismantled, incubated and split. The leader is selected through an "open competition mechanism to select the best candidates", and members can make a two-way selection. If the performance does not meet the target, they will withdraw. "Under this incentive mechanism, the team can reduce the procurement cost for customers by 20%."

Looking at the results from the data - in the first three years of the 14th Five-Year Plan, the labour productivity of all employees of China Southern Power Grid increased by nearly 40%; the overall high-quality power supply in the Guangdong-Hong Kong-Macao Greater Bay Area reached the international advanced level.

Transformation from the perspective of the market - In recent years, the power market in the southern region has accelerated the marketization of its construction and has carried out a trial operation of weekly settlement in the entire region. At present, there are 180,000 registered entities in the power market in the southern region, a year-on-year increase of 19.1%. From January to June this year, the transaction volume of green electricity in the southern region increased by 6.2 times year-on-year.

A relevant person in charge of China Southern Power Grid said that the company will focus on developing new quality productive forces, promoting the smooth flow of high-quality production factors, effectively solving problems, and promoting the company's high-quality development through high-quality and efficient reforms.