Top 5 thermal power storage application companies in China

Energy storage is mainly used in power grid transmission and distribution and auxiliary services, renewable energy grid connection, distributed and micro grid, and user side parts.

In terms of power grid transmission and distribution and auxiliary services, the main functions of energy storage technologies are power grid peak shaving, loading, starting and alleviating transmission congestion, delaying the upgrading of transmission network and distribution network respectively;

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In terms of grid connection of renewable energy, energy storage is mainly used to smooth the output of renewable energy, absorb excess power, reduce “wind and light”, and achieve instant grid connection; In terms of distribution and microgrid, energy storage is mainly used to stabilize system output, serve as standby power supply like battery energy storage system and improve the flexibility of dispatching;

On the user side, energy storage is mainly used for peak load cutting and valley filling, demand side response and energy cost management. This article will introduce top 5 thermal power storage application companies in China including China Huaneng, China Resources, SPIC, CHD and China Energy.

Top 5 thermal power storage application companies in China

China Huaneng

Established time: March 31, 1989
Location: Beijing, China

Company file:

China Huaneng is one of the top 5 thermal power storage application companies in China. It is an important company in China. Founded in 1985, the company’s main business includes power development, investment, construction, operation and management, power (heat) production and sales, development, investment, construction, production and sales of finance, coal, transportation, new energy, environmental protection related industries and products, and practical investment, operation and management.

Main business:

Power industry, coal industry, financial industry, science and technology industry, transportation industry, etc. Power industry, coal industry, financial industry, science and technology industry, transportation industry, etc.

Recent news:

Recently, China Huaneng started construction of the offshore wind power project in Lemen, Shantou, Guangdong Province, China. This is China Huaneng’s first offshore wind power project in Guangdong, and its commencement marks the official start of Huaneng’s construction of a 10 million kilowatt comprehensive energy base in eastern Guangdong.

The base includes offshore wind power, photovoltaic systems, clean thermal power, energy storage, etc., with a total installed capacity of more than 20 million kilowatts and a total investment of more than 180 billion RMB. The project under construction in energy storage industry has an installed capacity of 600000 kilowatts. It is planned to install 54 11 megawatt wind turbine units. It is planned to be fully connected to the grid by September 2023.

After the completion of the offshore wind power project, the annual power generation will reach 2 billion kWh, saving about 650000 tons of standard coal and reducing about 1.8 million tons of carbon dioxide emissions.

Company website: http://www.chng.com.cn

Registered capital: 3.49 billion RMB

China Resources

Established time: June 20, 2003
Location: Guangdong, China

Company file:

Since its establishment, China Resources has established its current business pattern and scale, covering six major fields, namely, mass consumption, comprehensive energy, urban construction and operation, mass health, industrial finance, science and technology and emerging industries, with 25 business units, two directly affiliated institutions and nearly 2000 physical companies.

At present, as one of the top 5 thermal power storage application companies in China, China Resources’ retail, beer, gas, commercial real estate, pharmaceutical and medical business scale is among the top in China. The power and cement businesses are outstanding in the industry.

Main products:

Wind power, photovoltaic power generation, thermal power, hydropower, distributed energy, power sales, comprehensive energy services, coal, etc.

Company website: http://www.crc.com.hk

Registered capital: 16467063500 RMB

SPIC

Established time: March 31, 2003
Location: Beijing, China

Company file:

SPIC is a comprehensive company focusing on power development in China, and also the world’s largest photovoltaic power generation company. The total installed capacity of photovoltaic power generation is 35 million kilowatts, ranking first in the world.

The company as one of the top 5 thermal power storage application companies in China has a whole photovoltaic industry chain covering R&D, design, polysilicon, pv battery system, module manufacturing, engineering construction and production and operation.

Its business covers power development, environmental protection, financial industry, scientific and technological innovation, etc. Its main business is the development of nuclear power, thermal power, hydropower, and solar power generation, covering 46 countries and regions.

Main products:

Power supply, electric power, thermal power, bauxite, aluminum oxide, electrolytic aluminum, etc.

Company website: http://www.spic.com.cn

Registered capital: 3.5 million RMB

CHD

Established time: April 1, 2003
Location: Beijing, China

Company file:

CHD is a super large company in China. Its main businesses include power generation, coal, science and industry, and finance. Its assets and businesses are mainly distributed in 31 provinces of China, as well as Vietnam, Indonesia, Cambodia, Russia, Spain, and other countries.

As one of the top 5 thermal power storage application companies in China, The installed power generation capacity of the company exceeded 180 million kilowatts, and the installed capacity of clean energy accounted for 45.1%; The production capacity of coal industry is 54.2 million tons/year.

Main business:

Thermal power, hydropower, wind power, nuclear power, solar power, distributed energy, etc.

Company website: http://www.chd.com.cn

Registered capital: 3.7 billion RMB

China Energy

Established time: October 23, 1995
Location: Beijing, China

Company file:

China Energy is the world’s largest coal production company, thermal power generation company, wind power generation company and coal to oil and coal chemical company. It has coal, power, transportation, chemical industry and other whole industry chain businesses. Its industries are distributed in 31 provinces and cities in China, as well as more than 10 countries and regions such as the United States and Canada.

Main business:

Coal, electric power, transportation, chemical industry, etc.

Recent news:

On December 28, 2022, the commencement ceremony of China Energy Qidong photovoltaic project and transmission line project was held in Shilongqiao Village, Guanjiazui Town, China. The project is planned to realize grid connected power generation in 2023. The project includes four ground centralized agricultural optical complementary projects and a 220KV booster station.

After the completion of the project, it can provide about 661 million kilowatt hours of clean power for the power grid every year, save about 233500 tons of standard coal, reduce about 569800 tons of carbon dioxide emissions and 4541 tons of sulfur dioxide emissions every year.

Company website: http://www.chnenergy.com.cn

Registered capital: 1,320,946,611.48 million RMB