The pinyin of State Grid is: guó wǎng
Expand: State Grid Corporation, known as State Grid Corporation of China Limited, is the only state-level electric power company in the People's Republic of China*** and the State of China, approved by the State Council. The company is headquartered at No. 50 Financial Street in Xicheng District, Beijing, and is one of the largest energy companies in China and one of the largest in the world.
State Grid's main businesses include power grid planning, construction, operation and maintenance. The company has branches in 31 provinces, autonomous regions and municipalities directly under the central government in China and the Hong Kong Special Administrative Region, and its business scope involves power transmission and distribution, new energy development, power market operation, and power research and innovation. By the end of 2020, the company will have total assets of more than 2.8 trillion yuan, annual turnover of more than 2.5 trillion yuan, and a total of more than 2 million employees.
As a national power company, State Grid's position and influence in China's power industry cannot be ignored. The company actively promotes the energy revolution, realizes clean energy upgrading, builds the smart grid, promotes the grid-connected supply chain, improves the quality of electric power service at the same time actively fulfills its social responsibility, promotes sustainable economic and social development and environmental protection.
In recent years, State Grid Corporation has actively promoted the development of smart energy.In 2019, the company successfully issued its first digital bond and built China's first blockchain power trading platform. In addition, State Grid has made great progress in new energy fields such as photovoltaic and wind power. Meanwhile, in the field of power technology, the company is also actively carrying out research and exploration of cutting-edge technologies, such as the application and promotion of big data, artificial intelligence and other technologies.