Country | China
Region | Asia
SECTOR | energy
QII Principles | Principle 1: Sustainable Growth & Development Principle 2: Economic Efficiency Principle 3: Environmental Considerations Principle 5: Social Considerations
QII Sub-Principles | 1: SDGs, 1: Paris Agreement, 1: Wider economic benefits, 2: Technological innovation, 3: Environmental Impact Assessment, 3: Environmental Impact Mitigation, 3: Climate, 3: Weather, 3: Emissions, 5: Job creation, 6: Growth & development strategies, 6: Access to information and data, 6: Enabling Environment, 6: Policy
Overview
Cost: RMB 88.36 million
Parties involved (public and private): Power grid companies, energy service companies, equipment manufacturing companies, government departments, think tanks, industry associations, research institutes, financial institutions, internet companies, etc.
Context: As issues such as energy security, environmental protection and climate change become increasingly prominent, accelerating the development of new energy has become the general consensus and concerted action of the international community in order to promote energy generation transformation and address climate change. The innovative construction of the new energy cloud by using clouding and data technology, can help promote energy transformation and information technology integration, science and technology innovation and industrial upgrading which is not only in line with China's energy transformation and upgrading trend, but also contributes to implement the "new energy" concept.
Aim(s) of the project: It can help build a clean, low-carbon, safe and efficient energy system. The project aims to build an internationally leading new energy digital economy platform and establish an open service system for new energy.
Timeline
Start of construction: October 2018; start of operations: January 2020
Relevance to QII
New Energy Cloud integrates new generation information technology with new energy business. It has 15 functions in relation to "resource distribution, environmental load bearing, planning, manufacturers and users, power supply enterprises, power grid services, customers, electricity price subsidies, supply and demand forecasts, energy storage services, energy consumption calculations, technical consulting, regulations and policies, decision support, big data services". It provides a "digital-driven" new energy business management and service flow, and provides one-stop services covering new energy technology policy consultation, planning and design, station construction and grid connection, subsidy declaration, operation and maintenance, finance and insurance, data analysis, etc., to help national energy transformation.
Benefits
Highlights: The new energy cloud has now achieved full coverage in the operating regions of the Grid Corporation, it connects 1.66 million new energy power plants, with an installed capacity of 360 million kilowatts, serving more than 9,250 enterprises. It has released three batches of renewable energy subsidy project lists, a total of 782 projects with an installed capacity of 4245 MW, driving the development of the new energy industry chain, both upstream and downstream.
Expected and realised benefits: The transaction volume now exceeds 46.8 billion and is expected to reach 80 billion by 2020.
Metrics
The new energy cloud fully embodies the five development concepts of "innovation, coordination, green, openness, sharing", and promotes the digitalization, networking and intelligent transformation and upgrading of China's new energy industry around the new digital infrastructure of the new energy economy, and is highly recognized by the authorities and the general public.
Name of Institute
Development Planning Department, State Grid Corporation of China
Website URL