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Corporation sets 300m Chinese smart grid target

Five year plan by state run energy company could unleash up to 300m smart grids in China within the decade.

USD 100bn to be spent on smart grid technologies in China by 2015

By 2015, as many as 300m smart meters could be installed in China, according to a new report from US researchers, Zpryme.

The target is part of a plan by the State Grid Corporation of China (SGCC) to invest over USD 400bn in power grid construction over the next five years.

Approximately USD 100bn will be directed towards smart grid technologies, while one-sixth of the capital will go to developing a transmission network across China, found the report.

“With a population that dwarfs all global economies, the demand for smart meters could eclipse 300 million by 2015,” said Jason S. Rodriguez, Director of Research at Zpryme

“With the Chinese government vying for inclusion from domestic players, companies outside of its borders will have to seek strategic partnerships to sink their teeth into the electricity demand pie; for example, just this week Echelon announced a new partnership with Holley Metering of China,” he added.

Despite setting the ambitious 300m target, as of 2011 only 36m smart meters had been installed in China, said the researchers.

The report also found from 2009 to 2011, SGCC invested a total of USD 137.5bn in power grid construction and in 2011 SGCC had a staggering 286m customers, revenues of USD 265bn, electricity sales of 3,093 TWh, peak load capacity of 535.5 GW, and renewable capacity of 40.0 GW.

At the end of 2011, SGCC had 238 smart grid pilots, projects, and demonstrations in operation across 25 different technological segments in 26 provinces. By 2015, SGCC will have 298 smart grid projects in China, according to the report.

At the end of 2011, SGCC had installed 108 public charging stations and 7,245 AC charging stations. By 2015, SGCC plans to have an EV charging network across their entire service area.