Top 5 power generating companies in China
Driven by the “dual carbon” goal, policies to support new energy have followed, covering multiple measures such as shared energy storage, priority grid connection, and widening the difference in peak and valley electricity prices to increase the willingness to allocate storage on the power generation side and the user side. The new energy power generation industry is booming.
As the basis for building a new type of power system, China’s five major power generating companies have comprehensively attacked the energy storage track. From strategic cooperation to bidding for various new energy storage projects, they are diversified and advanced in scale. Below are the top 5 power generating companies in China.
Top 5 power generating companies in China
CHN ENERGY
Establishment date: 1995-10-23
Company profile:
The full name of CHN ENERGY is China Energy Investment Group Co., Ltd., with a total installed capacity of 238 million kilowatts. CHN as one of the top 10 thermal power companies in China, thermal power generation accounts for 15.8% of the total installed capacity of thermal power in the country, and the installed capacity of wind power ranks first in the world. Energy storage technology is widely used in various main businesses of the group.
In 2021, the country’s first batch of large-scale wind power photovoltaic base projects built by CHN ENERGY power generating company will be 13.9 million kilowatts, ranking first among central enterprises; New energy started construction of 19.68 million kilowatts and newly installed capacity of 10.89 million kilowatts, both hitting the highest level in history; CHN ENERGY’s installed capacity of renewable energy accounted for 28.6%, an increase of 2.7 percentage points year-on-year.
According to incomplete statistics, from January to August 2022, China CHN ENERGY as one of the top 5 power generating companies in China signed strategic cooperation agreements with Midea Group, Shandong, Zhejiang and other provinces and cities around new energy storage, and issued 23 project tenders. The scope involves energy storage materials, pumped storage, compressed air energy storage, wind power distribution and storage, power auxiliary services and other fields, and there is a large demand for energy storage.
Registered capital: 13209466 million RMB
Company website: http://www.chnenergy.com.cn
SPIC
Establishment date: 2003-03-31
Company profile:
One of the top 5 power generating companies in China State Power Investment Group Co., Ltd., referred to as SPIC, is the only comprehensive power generating companies in China that owns hydropower, thermal power, nuclear power and new energy assets. At the end of November 2020, SPIC announced to the public that the proportion of clean energy officially exceeded 60%, completing the target 4 years ahead of schedule.
In 2021, SPIC’s new installed capacity will be 23.92 million kilowatts, and the installed capacity at the end of the period will be 195 million kilowatts. The installed capacity of clean energy will account for 61.5%, an increase of 5.4 percentage points from the previous year. The installed capacity of photovoltaics, new energy, and renewable energy will rank first in the world.
According to incomplete statistics, from January to August 2022, SPIC signed cooperation agreements with one of the top 10 energy storage battery companies in China CATL, PowerChina, China Tianying, etc. to cooperate on energy storage materials, wind and solar hydrogen storage, and gravity energy storage. There were 26 tenders for energy storage projects, involving flywheel energy storage, liquid flow batteries, lead-carbon batteries, pumped storage and smart new energy.
Registered capital:3.5 billion RMB
Company website: http://www.spic.com.cn
Datang
Establishment date: 2003-04-09
Company profile:
Datang Group has also gradually accelerated its development in the field of new energy. In 2021, China Datang’s new energy project approved (recorded) 25.6824 million kilowatts, a year-on-year increase of 242.9%; the acquisition index was 25.8405 million kilowatts, a year-on-year increase of 203.29%; construction started 6.7655 million kilowatts, a year-on-year increase of 24.14%. Now has become one of China’s top 5 power generating companies.
At the same time, China Datang actively integrated into the construction of a new development pattern, signed 11 strategic cooperation agreements with 13 provinces, autonomous regions and municipalities, and signed green and low-carbon strategic cooperation agreements with 8 Chinese and other countries companies.
Promote industrial cooperation with the Beijing-Tianjin-Hebei region, the Yangtze River Economic Belt, the Yellow River Basin, the Greater Bay Area, the Great Western Development, the Hainan Free Trade Port, and the “One Belt, One Road” initiative. According to incomplete statistics, from January to August 2022, Datang Group invited bids for three energy storage projects, and signed cooperation agreements with Shandong, Baoding, and South-to-North Water Diversion Group, involving pumped storage, smart energy and other fields.
Registered capital: 3.5 billion RMB
Company website: http://www.spic.com.cn
HUADAIN
Establishment date: 2003-04-01
Company profile:
Huadian is one of the top 5 power generating companies in China is most proud of its high proportion of clean energy installed capacity. Especially in terms of hydropower and natural gas power generation, as of the end of 2020, Huadian Group’s clean energy installed capacity accounted for 43.40%, second only to SPIC. In 2020, in terms of new energy installed capacity, Huadian Group’s total installed capacity of wind power and photovoltaics will be 24.36GW.
In June 2021, Huadian power generating company clarified the “14th Five-Year Plan” carbon peak action plan, striving to achieve carbon peak in 2025, non-fossil energy installed capacity accounted for more than 50%, and new energy installed capacity increased by 75 million kilowatts. In 2022, Huadian Group established a new energy company to engage in energy storage technology services and other businesses, and started centralized procurement of lithium iron phosphate electrochemical energy storage systems. There were 6 tenders for energy storage projects, all of which were pumped storage power plant projects.
Registered capital: 3.7 billion RMB
Company website: www.chd.com.cn
HUANENG
Establishment date: 1989-03-31
Company profile:
In 2019, Huaneng Group proposed the strategy of “two lines and two modernizations”. In 2021, major breakthroughs will be made in the “two lines”: the “Northern Line” Longdong Energy Base and Shangdu Clean Energy Base will be fully launched; the “East Line” offshore wind power will be put into operation within the year with 2.15 million kilowatts, and the cumulative offshore wind power will be 3.8 million kilowatts.
As one of China’s top 5 power generating companies, among the first batch of national large-scale wind power photovoltaic bases to start construction, 19 projects of Huaneng Group entered the project list. At the same time, Huaneng Hydro, a subsidiary of its listed company, has adjusted its development strategy from “focusing on hydropower development” to “equal emphasis on hydropower and new energy, and integrated development of wind, water and storage”.
In 2022, as one of power generating companies Huaneng Group’s first pumped storage project in the country, “Enshi Dalongtan Pumped Storage Power Station Pre-Feasibility Study Report” passed the review; Signed a pumped storage project cooperation agreement with Xiangxiang City, Zuoquan County and other places, and invited 4 tenders for energy storage projects, involving energy storage converters and photovoltaic-storage integration.
Registered capital: 34.9 billion RMB
Company website: http://www.chng.com.cn
