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the energy technology sector is a key area for large-scale equipment renewal and consumer goods trade-in. recently, the national development and reform commission and the national energy administration issued a notice on the implementation plan for large-scale equipment renewal in key energy areas. the plan proposes that by 2027, the scale of equipment investment in key energy areas will increase by more than 25% compared with 2023, with a focus on promoting equipment renewal and technological transformation in the fields of power transmission and distribution, wind power, photovoltaics, and hydropower.

the issuance of the "plan" has attracted widespread attention from all parties. industry insiders unanimously believe that the "plan" is beneficial to the equipment manufacturing industry in the short term, and has a stable and long-term driving effect on the local government economy in the medium and long term. in fact, since the beginning of this year, various regions and energy central enterprises have been exploring equipment renewal implementation paths that suit their own characteristics. guangdong proposed to improve the level of intelligence of charging and swapping infrastructure, promote the renewal and transformation of oil and gas infrastructure, and strive to achieve 28 billion yuan in equipment renewal investment in the province's energy field from 2024 to 2025. guangxi proposed to strive to exceed 40 billion yuan in equipment investment in the energy field from 2024 to 2027.

on the corporate side, in order to accelerate the construction of a new power system and promote large-scale equipment renewal and transformation, state grid corporation of china's grid investment exceeded 600 billion yuan for the first time this year, an increase of 71.1 billion yuan over last year. the new investment will be mainly used for the construction of ultra-high voltage ac and dc projects, strengthening the connection between county power grids and large power grids, and upgrading the digitalization and intelligence of power grids. china southern power grid corporation is comprehensively promoting large-scale renewal of power grid equipment. it is estimated that from 2024 to 2027, the scale of investment in large-scale equipment renewal will reach 195.3 billion yuan.

the huge scale of energy equipment assets is a vivid reflection of my country's energy industry and economic strength. according to estimates, the replacement, replacement and recycling of energy equipment will usher in new opportunities and drive the formation of a trillion-yuan market. this also means that the task of equipment renewal and energy efficiency improvement in the energy field is arduous and the responsibility is heavy, and it is necessary to achieve multiple improvements in economic, environmental and social benefits. the next step is to further unify the understanding of how to turn "big truths" into practical actions.

first of all, the endogenous driving force for energy equipment renewal comes from the technological innovation of equipment manufacturers. domestic energy equipment renewal work must be promoted around technological innovation in order to produce lasting economic and social benefits.

secondly, the operators of energy equipment manufacturers should have the spirit of initiative innovation and the courage to challenge. the renewal of energy equipment is by no means a simple replacement of the old with the new. it is necessary to develop and design equipment in a forward-looking and targeted manner in response to the real, common and specific needs of the market, and make breakthroughs in materials, processes and other aspects.

thirdly, energy equipment manufacturers should timely transform intellectual property rights, invention patents, and research results into productivity, and take the path of "endogenous and exogenous". while promoting internal technological innovation, enterprises should also actively join hands with scientific research institutes, universities, and entrepreneurial teams to shorten the time for transformation of results and accelerate the implementation of equipment required for new power systems through joint incubation and strategic investment.

finally, we need to take the initiative to work with third-party professional evaluation agencies, and actively use professional services such as scientific research results evaluation, project return evaluation, customer credit evaluation, equipment energy consumption evaluation, and export risk evaluation to promptly eliminate information asymmetry, understand the risks and opportunities in technological innovation, equipment updates, and project construction, and better promote energy equipment updates while doing a good job of risk control.

author | zhang dongjun

video | guan ziqing

source | china energy news wechat