- Business
- China Southern Power Grid Energy Storage Co., Ltd. (600995.SS) develops, invests in, constructs, operates, and provides related technical services for pumped storage power stations, peak-shaving hydropower facilities, and various energy storage solutions, including electrochemical and new energy storage systems. The company operates primarily in southern China, with a focus on Guangdong province and assets historically concentrated in Yunnan such as Wenshan Prefecture power supply services generating approximately 110,000 kilowatts. Founded in 1997 and headquartered in Guangzhou, China, at Guangdong Energy Storage Building, No. 32 Longkou East Road, it functions as a subsidiary platform under China Southern Power Grid, emphasizing capital market resource allocation for high-quality energy storage assets.
Its core offerings encompass pumped energy storage development and operations; hydropower generation for peak regulation; electrochemical battery storage systems; and integrated energy storage projects supporting grid stability and renewable integration. The company targets utility-scale customers, power grid operators, and regional energy markets in China, with expansion into international collaborations for storage technologies.
In recent developments, the company completed a major asset restructuring, injecting high-quality pumped storage, new energy storage, and peak-shifting hydropower assets into its platform formerly known as Yunnan Wenshan Electric Power Co., Ltd. It participates in a strategic partnership through China Southern Power Grid International with Indonesia's PLN for energy storage planning, investment, construction, and operations, announced in July 2025, focusing on long-term development, policies, pricing, technical solutions, and safety standards. Additionally, China Southern Power Grid allocated an 8 billion yuan investment budget in 2024 for distributed photovoltaics, distributed wind power, and energy conservation initiatives, alongside plans to establish the South China Power Grid Strategic Emerging Fund.