Galaxy Securities: National Energy Administration issues notice to promote pilot construction of new power system, helping to facilitate the integration of new energy sources through multiple efforts.

Galaxy Securities released a research report stating that the National Energy Administration issued a notice on organizing the first batch of pilot projects for the construction of new power systems, with the aim of promoting the construction of new power systems from seven dimensions to help improve the situation of new energy consumption. Based on this, 1) Developing grid-type technology, system-friendly new energy power plants, equipment/software suppliers related to large-scale, high-proportion new energy exports, and new energy generation companies with corresponding technical reserves. 2) The notice points out the focus on national hub nodes and regions such as Qinghai, Xinjiang, and Heilongjiang, to develop power and electricity cooperation. 3) Actively promote the clean carbon reduction and efficient adjustment transformation of coal-fired units, which will not only catalyze the demand for green synthetic ammonia and other zero-carbon low-carbon fuels domestically, but also help coal-fired power plants to successfully transform, achieving profitability and reshaping valuation. Event: On June 4th, the National Energy Administration issued a notice on organizing the first batch of pilot projects for the construction of new power systems. The notice specifies that pilot projects will be carried out in seven directions around grid-type technology, system-friendly new energy power plants, smart microgrids, computational power and power cooperation, virtual power plants, large-scale high-proportion new energy exports, and new generation coal-fired power. The underlying technology supports friendly and grid-friendly integration of new energy and high-proportion export. The notice clarifies: 1) The focus is on weak power grid areas with high proportions of new energy access, and areas with large-scale new energy exports such as the Shagohuang base, where new energy/new energy storage grid-type control technology is applied. 2) The focus is on areas with tight supply, or high pressure of consumption, where a batch of new energy power plants will be newly built or renovated (priority projects over 200,000 kilowatts), through long-scale high-precision power forecasting, wind-light storage smart joint regulation operation, etc., to enhance system-friendly performance, with power output during peak periods (not less than 2 hours) increased by over 10%. 3) Through the reasonable configuration of the types and scales of power sources at the sending end, optimal access power system solutions, advanced technologies such as integrated power control, flexible DC, multi-source adaptive commutation DC (SLCC), low-frequency power transmission, grid-type technology, etc., rational deployment of reactive compensation and energy-consuming devices, to improve the safe and stable operation and flexible control level of transmission channels, increase the proportion of green electricity transmission in transmission channels and explore pure new energy export modes. Develop new formats and models, stimulate the demand for green electricity while fully leveraging the regulating capacity of distributed resources and reducing the pressure on the large power grid to accommodate. The notice specifies: 1) The focus is on national hub nodes and regions with good energy resource conditions such as Qinghai, Xinjiang, Heilongjiang, etc., to collaboratively plan and lay out projects for computational power and electricity. Through exploring the "green electricity aggregation supply" model of new energy supply near power supply, aggregated trading, and on-site consumption, increasing the proportion of green electricity for data centers. 2) Select typical application scenarios, and, based on the conditions of new energy resources, construct a batch of smart microgrid projects, relying on technologies such as flexible regulation of load-side resources, source-grid-load-storage-network coordination and operation control, to enhance the self-regulation and self-balancing capabilities of smart microgrids, increase the proportion of self-generated and used new energy, and alleviate the pressure of large power grid consumption. 3) By adapting to local conditions, construct a batch of different types of virtual power plants, through aggregating distributed power sources, controllable loads, energy storage, and other dispersed load-side resources, and coordinating and optimizing control, fully leveraging flexible regulation capabilities. Continuously enrich the business models of virtual power plants, by participating in the electricity market, demand response, providing energy services, energy data analysis, designing energy solutions, carbon trading-related services, etc., to obtain corresponding returns. Developing a new generation of coal-fired power, focusing on clean carbon reduction and efficient regulation. The notice points out that following the requirements of the "Implementation Plan for the Special Action of Upgrading the New Generation Coal-Fired Power (2025-2027)", active promotion will be carried out for existing and new coal-fired units that have the conditions to conduct pilot projects for clean carbon reduction and efficient regulation. In terms of clean carbon reduction, significant reductions in coal-fired carbon emissions will be achieved through the use of zero-carbon and low-carbon fuels co-combustion, CCUS, and other decarbonization measures. In terms of improving efficient regulation capabilities, the focus is on areas with high demand for power grid rapid adjustment and peak regulation deficiencies, to enhance the coal-fired units' rapid load variation, deep peak regulation, and wide-load efficient regulation capabilities, with units having safe and reliable start-stop and peak regulation capabilities.