In the face of the wave of global energy transformation and China's firm determination to achieve the goal of "double carbon", the State Grid Corporation of China has recently officially announced a landmark investment plan: during the "15th Five Year Plan" period, the company's total investment in fixed assets investment is expected to reach 4 trillion yuan. This figure represents a significant increase of 40% compared to the investment scale during the 14th Five Year Plan period. This is not only an unprecedented capital investment, but also a key strategic outcome for China to build a new energy system and move towards becoming an energy powerhouse.

Anchoring Green Transformation and Building a Power Grid Platform

Up to 4 trillion yuan of investment will be precisely targeted towards four major areas. Firstly, focusing on green transformation: State Grid will fully serve the wind and solar new energy installed capacity in the operating area to achieve an average annual increase of about 200 million kilowatts, promote the proportion of non fossil energy consumption to reach 25%, and increase the proportion of electricity to terminal energy consumption to 35%. At the same time, enhance the system's regulation capability, serve the construction of "zero carbon factories/parks", and meet the access needs of 35 million charging facilities in the future.

Secondly, strengthen the power grid platform: the goal is to initially establish a new type of power grid platform that coordinates "main distribution and micro", and consolidate the pattern of "west to east power transmission and north to south power supply". Specific measures include accelerating the construction of ultra-high voltage direct current transmission channels, so that the cross regional and inter provincial transmission capacity can be increased by more than 30% by the end of the 15th Five Year Plan compared to the end of the 14th Five Year Plan; At the same time, we will comprehensively promote the modernization of urban and rural power distribution networks, explore off grid microgrid models, and consolidate intelligent infrastructure.

Strengthening technological empowerment and connotative development

The deep logic of investment lies in technology driven and high-quality development. Thirdly, strengthen technological empowerment: State Grid is committed to becoming an original technology source in the global energy and power sector, ensuring that key core technologies in the new power system industry chain and supply chain are fully independent and controllable. By developing new quality productive forces, promoting the deep integration of technological innovation and industrial innovation, and cultivating industrial clusters with global competitiveness.

Fourth, focus on tapping potential and increasing efficiency: The company will uphold the concept of "living a tight life", integrate the "five values" throughout the entire operation process, strictly control construction costs, optimize costs in operation, and improve quality and efficiency in investment. By focusing on the main responsibilities and businesses, optimizing business layout, and ultimately achieving connotative growth centered on value creation.

Give full play to the role of "ballast stone" and drive the development of the industrial chain

As a stabilizer and ballast for the operation of the national economy, the multiplier effect of State Grid's annual high-intensity investment of 800 billion yuan should not be underestimated. This will not only directly ensure national energy security and provide solid support for the comprehensive construction of an energy powerhouse, but also effectively drive the high-quality development of the entire new power system industry chain supply chain from ultra-high voltage equipment, new energy grid connection technology to artificial intelligence, new energy storage, etc., bringing significant development opportunities for related industries for five consecutive years. Keywords: engineering construction, engineering strategy

The 4 trillion yuan blueprint of State Grid depicts much more than just the upgrade of the power grid itself. It is a system engineering driven by the power grid as the hub, driving profound changes in the entire chain of energy production, transmission, and consumption. It is a strategic combination of China's response to climate change, ensuring energy security, and cultivating new growth poles. With the gradual implementation of investment, a greener, smarter, and more resilient energy future is accelerating. Editor/Yang Beihua