Caixin
Jul 20, 2024 06:05 PM
BUSINESS

China General Nuclear Launches Nation’s First Fully Green Virtual Power Plant

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China General Nuclear Power Corp.’s virtual power plant in an industrial park in Ningbo has commenced formal operations. Photo: Courtesy of China General Nuclear Power Corp.
China General Nuclear Power Corp.’s virtual power plant in an industrial park in Ningbo has commenced formal operations. Photo: Courtesy of China General Nuclear Power Corp.

China’s first virtual power plant (VPP) supplying purely green electricity has commenced formal operations, China General Nuclear Power Corp. (CGN), the project’s operator, announced Friday.

The power plant, located in an industrial park in eastern China’s Ningbo, Zhejiang province, is equipped with distributed photovoltaic systems, an energy storage system and charging piles, according to the announcement. By integrating these systems and equipment, the VPP can meet 80% of the park’s daily electricity needs, CGN said.

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  • China’s first virtual power plant (VPP) providing purely green electricity has started operations in Ningbo, Zhejiang province.
  • The VPP integrates distributed photovoltaic systems, energy storage, and charging piles, supplying 80% of the industrial park’s daily electricity.
  • The concept aims to lower energy costs, improve efficiency, and could be expanded nationwide, despite current challenges in establishing profitable business models.
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Who’s Who
China General Nuclear Power Corp.
China General Nuclear Power Corp. (CGN) is a state-owned energy company and the operator of China's first virtual power plant (VPP) supplying purely green electricity. The plant, located in Ningbo, Zhejiang province, integrates distributed photovoltaic systems, an energy storage system, and charging piles to meet 80% of the park’s daily electricity needs. CGN aims to use this project as a model to promote the concept nationwide.
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What Happened When
By 2023-09:
The National Development and Reform Commission and the National Energy Administration issued rules allowing VPPs to participate in electricity spot market transactions.
2024-07-19:
China’s first virtual power plant (VPP) supplying purely green electricity commenced formal operations.
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