Huatai Securities: Document No. 688 Promotes the Implementation of Multi-User Green Power Direct Connection, Driving Demand for Grid Equipment and Energy Storage
China's National Development and Reform Commission and National Energy Administration have issued a new policy, Document 688, to facilitate multi-user green electricity direct connections. This policy expands upon previous guidelines, allowing for one-to-many connections and offering greater flexibility in scope, investment models, and distribution mechanisms. The initiative aims to support zero-carbon industrial parks and other multi-entity users, thereby reducing customer risk for green electricity developers and stimulating demand for grid equipment and energy storage. AI
IMPACT Stimulates demand for grid equipment and energy storage, potentially impacting AI-driven energy management systems.