What happened to China Power Investment Corporation (SPIC)?

China Power Investment Corporation was the surviving legal person, but renaming to State Power Investment Corporation, while State Nuclear Power Technology Corporation became a subsidiary. SPIC also re-incorporated as a limited company from Industrial Enterprise Owned by the Whole People legal form in 2017.

Who owns China Power Investment Corporation (CPI) & SNPTC?

In 2015 China Power Investment Corporation (also known as CPI Group) and State Nuclear Power Technology Corporation (abb. SNPTC) merged. Before the deal, they were both directly owned by and majority controlled by the State-owned Assets Supervision and Administration Commission of the State Council respectively.

Can new energy storage help build a new power system in China?

New energy storage, or energy storage using new technologies, such as lithium-ion batteries, liquid flow batteries, compressed air and mechanical energy, will become an important foundation for building a new power system in China, Lin said.

Where can China install new energy storage capacity?

Besides Inner Mongolia, Shandong, Guangdong and Hunan provinces as well as the Ningxia Hui autonomous region are areas ranking in the first-tier group for installing new energy storage capacity in China.

Can mega-energy storage stations ensure stable grid operations?

Li Jianwei, chief engineer of the State Power Investment Corp, said the mega-energy storage stations can ensure stable grid operations by shaving peak and modulating frequency for the power system, as power consumption during off-peak hours is at a relatively lower price.

Who is SPIC nuclear power company?

SPIC is one of the leading nuclear power companies in China, with a focus on the development and operation of nuclear power plants. The company operates two nuclear power plants in China, the Hongyanhe Nuclear Power Plant and the Haiyang Nuclear Power Plant.