State Grid Builds China's First Green Technology Trading Center in Zhejiang

"Peaking Carbon Dioxide Emissions and Achieving Carbon Neutrality" marks a far-reaching and profound systemic change in economy and society, and technological innovation plays a key role in the process. State Grid Corporation of China has been proactive in promoting innovation of green technologies to boost the green, low-carbon and high-quality development of power. On June 9, China's first National Green Technology Trading Center was inaugurated in Hangzhou, and the first 30 technological achievements, including "carbon dioxide capture and reclamation technology", was listed for trading on the same day, which signaled the demonstrative exploration of China's green technology innovation system.

State Grid Huzhou Power Supply Company launches China’s first distributed power flow controller demonstration project.

On May 12, the National Development and Reform Commission issued the Letter of Reply on Approving the Establishment of National Green Technology Trading Center in Zhejiang, endorsing Zhejiang to establish China's first national green technology trading center, with the Innovation and Entrepreneurship Center of State Grid Zhejiang Electric Power Co., Ltd as the main body. The trading center will stimulate the vitality of green technology innovation, promote the application of leading-edge green technologies, and enhance green technologies in China. It will provide key technological support for ecological progress, for building a beautiful China, and for reaching the goal of peaking carbon dioxide emissions and achieving carbon neutrality.

Focusing on key technologies essential for China's low-carbon transition, the National Green Technology Trading Center carries out release, consulting, negotiations, and transactions regarding green technologies, guides China's green technology innovation, and expedites the commercial application of the innovation achievements. According to its five-year plan, the Trading Center will strive for the commercial application of the green technology innovations, guide to set up 100 leading projects, 100 industry clusters, and 300 demonstration bases and promote the cultivation of 300 key leading enterprises. It will also endeavour to spawn over 1,000 and commercialize over 2,000 green technology innovations, so as to develop the trillion-yuan-level green ecological industry. By 2030, a demonstration model of China's green technology innovation system will have been put in place.

An important mission of the National Green Technology Trading Center is to facilitate the realization of Peaking Carbon Dioxide Emissions and Achieving Carbon Neutrality. Centering on the needs for China's development in the fields of energy, industry, transport, construction, agriculture, and residential services, especially on the "bottleneck" technologies in the adjustment of industrial structure and energy structure, the Center will step up efforts to cultivate green technology innovation entities, speed up the commercialization of green technology achievements, and build itself into an important engine for the development of China's green industry.

The "source-grid-load-storage integration demonstration zone" and the "demonstration zone for construction of green and low-carbon industrial park" were inaugurated on March 31 in Jianshan New District of Haining, Jiaxing City, Zhejiang Province. Through many pilot projects such as the source-grid-load-storage active distribution network, a regional source-grid-load-storage energy internet has been built innovatively, realizing 100% consumption and efficient utilization of new energy. In the past year, the power generated with new energy in Jianshan exceeded 500 GWh, accounting for over 30% of the total electricity consumption in the area.

The operation & maintenance team of State Grid Lishui Power Supply Company inspecting the photovoltaic equipment on the roof.

Based on the actual peak demand for electricity, State Grid Lishui Power Supply Company actively explores "peak-shifting power generation" to exchange peak-valley power generation time, and arranges some small hydropower stations to work at night so as to allow more time of generation for wind, solar and other new energy power stations during daytime. By virtue of optical fiber, wireless private network, and new Beidou communication technologies, it capitalizes on the advantages of small hydropower stations to build a "virtual power plant", which brings together over 1,000 small-scale wind, solar, hydropower, and other renewable energy power stations and millions of load users scattered over the region. In this way, the massive disordered resources are put in order and can be regulated, thus forming a mega-kilowatt "super battery" that provides zero-carbon emission electric energy according to the needs of the power grid.

Different low-carbon innovative applications are springing up one after another nowadays. The three application scenarios – "carbon efficiency code", "easy carbon benefit" and "favorable carbon loan" – of the New Energy Cloud Carbon Neutral Service Platform were launched in Huzhou, Zhejiang on June 4. At the same time, the "State Grid New Energy Cloud Carbon Neutral Innovative Practice Base" settled in Huzhou. In the future, more and more government bodies and enterprises will leverage the Platform for carbon management based on category, level and policy, and, by ways of the "government-enterprise" user-oriented application services linked by the power grid, the Platform will deeply involve and guide the green and low-carbon transition of key areas such as energy, industry and agriculture in the region.