A comprehensive summary of Guangzhou's energy storage policies, industry development, project implementation, etc.

IV. Situation regarding the application of industrial clusters

Our city has continuously strengthened the industry leadership and support for new energy industries such as new energy storage, coordinated manufacturing projects and promotion and application projects, and adopted multiple measures to promote investment attraction and project implementation. At present, our city has gathered a number of upstream and downstream energy storage companies, and the cluster has begun to take shape. The city has 42 energy storage application projects such as electrochemical energy storage power stations in operation, with a total power of over 200 megawatts.

In the list of 30 major application scenarios of new energy storage in Guangdong Province released by the Guangdong Provincial Development and Reform Commission in December 2023, six projects including the New Energy Storage Innovation Center Industry-University-Research Collaborative Innovation Base, Financial City Ice Storage Central Cooling, Huangpu District Hengyun Thermal Power "Extraction Storage" Demonstration, and Sino-Singapore Knowledge City "Flywheel + Electrochemical" Energy Storage Demonstration were included, with the largest number in the province, which effectively expanded the application opportunities of new energy storage in our city. The "Green Energy Valley" of the Guangdong-Hong Kong-Macao Greater Bay Area will be built in Huadu District, and the Gogreen Solar Panel Project will be introduced and put into production in 2023, achieving a breakthrough in the large-scale manufacturing industry of photovoltaic products in our city. The first Pazhou multi-intelligent supercharging station in the Guangdong-Hong Kong-Macao Greater Bay Area integrating "light + storage + charging + inspection + super fast charging + vehicle-network interaction" and other functions will be built.

V. Regarding the management of new energy storage projects

In accordance with the requirements of the state and the province, new energy storage power station projects are subject to local management, project investment is subject to filing management at the district level, and procedures such as fire protection design review and power construction project quality supervision and management are carried out in accordance with the law. In terms of supporting the access of energy storage power station projects to the power grid, the Guangzhou Power Supply Bureau implements the requirements of the "China Southern Power Grid Co., Ltd. Grid Connection Service Management Measures" and other documents, and continues to provide project grid connection services and dispatch management in accordance with the functional positioning, configuration principles, access requirements and business models of various new energy storage power stations, and supports the promotion of large-scale construction of new energy storage; in accordance with the "Notice of the Guangdong Provincial Energy Bureau and the Southern Supervision Bureau of the National Energy Administration on Issuing the Implementation Plan for the Participation of New Energy Storage in the Electricity Market in Guangdong Province" (Yue Neng Electric Power [2023] No. 23), actively promote grid-side energy storage that meets relevant access conditions to participate in market transactions as an independent entity. At present, project cases have been formed in which grid-side energy storage participates in the electricity market and obtains relevant benefits.

VI. Financial measures to support industrial development

Our city actively promotes the integration of science and technology and finance. Guangzhou Science and Technology Innovation Fund has invested in nearly 20 projects in the energy storage industry, such as Hongji Chuangneng, Guohong Hydrogen Energy, Zhongling Xingneng, Huayi New Energy, etc., focusing on hydrogen fuel cells, distributed photovoltaic matrix products, cooling energy saving and other fields, and introducing enterprises such as Yuekun Environmental Protection and Sui Hydrogen Technology; attracting fresh capital focusing on dual carbon and energy storage tracks, introducing a series of energy storage projects to Guangzhou, enriching Guangzhou's new energy and green circular economy industry layout. Guangzhou Innovation Investment Fund focuses on investing in important industrial fields such as semiconductors and integrated circuits, new energy, and advanced manufacturing. The Guangzhou Innovation and Entrepreneurship Competition sets up a new energy track every year, and a number of outstanding companies in the energy storage field such as Jianghai Technology and Mailuo Energy have emerged, of which nearly 20% have attracted the attention of investment institutions, and Jianghai Technology has obtained nearly 100 million yuan in financing. Guangzhou Development Group also took the lead in establishing a green and low-carbon industry equity investment fund. Next, we will continue to play the role of industrial investment funds such as Guangzhou Industrial Investment Fund, Industrial and Information Development Fund, and Emerging Fund, support the investment and layout of new energy storage enterprises, give full play to the role of Guangzhou's inclusive loan risk compensation mechanism, strengthen loan risk protection, and support the development and growth of qualified enterprises.

In the next step, our commission will work with relevant departments and units to continuously promote the development of new energy industries such as new energy storage in Guangzhou in accordance with the national and provincial plans to build a new energy system and construct a new power system. We will further increase policy support, strengthen industrial chain planning, strengthen market entity cultivation, support scientific and technological innovation and upgrading, support the construction of key projects, and continuously improve the level of Guangzhou's new energy storage industry.

Thank you for your concern and support for the high-quality development of Guangzhou’s new energy storage industry. We welcome your valuable comments and suggestions on our work.

Guangzhou Municipal Development and Reform Commission
August 9, 2024