China's first full green power supply virtual power plant project has officially started running on July 18 in Ningbo Oriental Cable Park, Zhejiang. The project, created by CGN Group, enables the industrial park to trace all of its green power supply through collaborative operation of photovoltaic, energy storage, charging stations, and industrial loads. By integrating flexible resources like photovoltaic and energy storage, this project, which is the first traceable green power supply virtual power plant project in China, can meet 80% of the daily electricity demand of the park, and the remaining 20% of the electricity demand can be supplemented by purchasing the green power of the CGN Zhejiang Tucihai offshore wind power plant.

The virtual power plant is one of the most economic options for solving peak loads on the power grid. On the grid side, the virtual power plant can serve as a "positive power plant", supplying power to the system and regulating peak loads. It can also act as a "negative power plant" to absorb more load and fill the valley to supplement the system. During periods of high load on the user side in the summer, it can be more flexible to cut peak loads and fill valleys. Overall, the virtual power plant is like an intelligent dispatching platform that integrates power sources, the grid and users, with the aim of making power consumption more reasonable, stable and energy efficient. Guolian Securities believes that, on the one hand, the electricity demand is rapidly increasing, particularly for peak loads; on the other hand, the accelerated construction of distributed power sources and loads is driving demand. With the continuous promotion of the current power reform policies, the profit model of virtual power plants is expected to be enriched, and the economic benefits will drive the continuous expansion of the construction scale of virtual power plants.

According to the Financial Data Center, among related listed companies:

Nari Technology can provide a complete solution for virtual power plants, with series of mature products such as the virtual power plant platform, virtual units, control terminals, and experience in building different types of virtual power plants.

XJ Electric can provide integrated solutions for virtual power plant project construction in the field of virtual power plants. Currently, it has developed virtual power plant operation and management platforms and controllable resource management terminal products, which have been successfully applied to virtual power plant projects in Ningxia and Hubei.