Recently, State Grid Corporation of China held a conference in Beijing to promote the high-quality construction of ultra high pressure projects. According to a research report from Guosheng Securities, the holding of the conference indicates that ultra high pressure has entered a stage of large-scale concentrated construction, intensive innovation breakthroughs, and high-quality transformation and upgrading.
Recently, State Grid Corporation of China held a conference in Beijing to promote the high-quality construction of ultra-high voltage projects. This is in order to implement the new energy security strategy of the Four Revolutions and One Cooperation, and to promote the development of new energy systems, new power systems, and new power grids through the high-quality construction of ultra-high voltage. This will help to better guarantee power supply, promote energy transformation, and support and serve the modernization of China.
Guosheng Securities' research report pointed out that the State Grid's high-quality construction promotion conference for ultra-high voltage projects suggests that ultra-high voltage has entered a development stage of large-scale centralized construction, high-intensity innovation and research, and high-quality transformation and upgrading. Recently, State Grid has issued a series of bid announcements for ultra-high voltage projects, marking the beginning of a new round of ultra-high voltage construction in China. Galaxy Securities' research report analyzed that during the 14th and 15th Five-Year Plan periods, China is expected to add 27-32 ultra-high voltage DC transmission channels. There are currently 4 existing lines and 5 under construction, which means there is still space for the construction of 18-23 lines in the future. The investment in ultra-high voltage equipment is expected to exceed 40 billion yuan in 2024, and bidding will accelerate in the second half of the year.
According to the Financial Data Center, among related listed companies:
Dalian Insulator Group has a significant competitive advantage in the field of ultra-high voltage suspended porcelain insulators. Their newly developed products have been applied to the world's only ±1100kV DC transmission project, China's first 1000kV ultra-high voltage AC transmission project, and other key project projects.
China XD Electric actively participates in the construction of ultra-high voltage projects. Since 2023, the company has maintained a leading position in the ultra-high voltage market share and has participated in the bidding of related ultra-high voltage projects with fruitful results.