How many companies in China are engaged in grid-connected inverters for solar container communication stations

Who owns the Chinese smart grid network market?

The Chinese smart grid network market is dominated by State Grid Corporation of China, which operates nearly 80% of the market.

Does China have a smart grid?

Since 2014, China has focused heavily on developing smart grid technologies to integrate renewable energy sources. The nation’s energy system, historically dominated by large public grids, is undergoing significant transformation due to rising renewable energy generation, especially from wind and solar power.

Why is China transitioning to smart grids important?

China’s transition to smart grids is crucial for managing the integration of renewable energies, particularly wind and solar power, which are essential for meeting the nation’s ambitious carbon neutrality target by 2060. China is leading in renewable energy capacity, but significant hurdles remain in grid balancing and system regulation.

What is China's 'Global Energy Internet'?

China's 'Global Energy Internet' is a concept based on having smart grid connections to an ultra-high voltage power grid that would potentially deliver clean energy. State Grid Corporation of China has rolled out this concept, and it is expected to drive the smart grid network market in the country during the forecast period.