China Southern Power Grid Co. Ltd. (600995)

Overview

China Southern Power Grid Energy Storage Co., Ltd., originally known as Yunnan Wenshan Electric Power Co., Ltd., is a key player in the hydroelectric power generation sector. Founded in 1997 and based in Guangzhou, China, the company has made significant strides in its field, showcasing a robust operational capacity. As of the end of 2022, it boasts an impressive total installed capacity of 12.421 million kilowatts across its operations. This capacity is distributed amongst different energy storage and generation methods, confirming the company's commitment to diverse and sustainable energy solutions. Operating under the umbrella of China Southern Power Grid Co., Ltd., this subsidiary continues to play a crucial role in the energy landscape of China, focusing on the reliable provision of hydroelectric power, among other energy storage solutions.

Products and Services

• Pumped Storage: With an installed capacity of 10.28 million kilowatts, China Southern Power Grid Energy Storage Co., Ltd. holds a significant stake in the pumped storage sphere. This method involves the storage of energy in the form of water, pumped from a lower elevation reservoir to a higher one. During periods of high energy demand, the stored water is released to generate electricity, making it a central pillar of the company's energy generation and storage strategy.

• New Energy Storage: The company is not just limited to traditional hydroelectric power generation but also embraces modern energy storage solutions. With 111,000 kilowatts of capacity dedicated to new energy storage, it is actively involved in harnessing and storing renewable energy. This segment potentially includes various technologies like battery storage systems, showcasing the company's commitment to innovation and sustainable energy solutions.

• Peak-shaving Hydropower: With 2.03 million kilowatts of peak-shaving hydropower capacity, China Southern Power Grid Energy Storage Co., Ltd. addresses the vital need for balancing electricity supply and demand. Peak-shaving involves the generation of electricity during high demand periods, a critical function for ensuring the stability of the power grid. This approach not only supports the consistent provision of electricity but also enhances the efficiency of the energy market.