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1、The Green LeapHow the Energy Transition is Transforming Chinas EconomyESG3741445454555656586265Overview:Chinas Commitments to Demand Side Carbon Emission ReductionThe Industrial Sector1.Recycling of energy-intensive products steel,aluminum,paper and plasticCase Company:Shanghai Chengtou Corporation,

2、a pioneer in urban environment protection Company Implications2.Advanced electrical equipment drives energy efficiency improvementElectric motorsTransformerVariable-frequency drive(VFD)3.Waste heat recovery technologies gain tractionCompany ImplicationsTable of ContentsExecutive Summary010237I.The s

3、upply side power generation and the electricity gridOverview:Variable Renewable Energy(VRE)Installations Maintain High GrowthVRE Integration Orders for Higher Grid Flexibility1.Flexibility Retrofits for thermal power plants Revisiting asset values2.Energy Storage System(ESS)Scales with Rising VRE Ca

4、pacityPumped storageElectrochemical Energy StorageCompany ImplicationsDecarbonized grid calls for broader application of energy IT1.Grid design and software solutions2.Smart management of power transmission and distribution3.Digitalized Electricity Market0208101418202729323235II.The demand side sect

5、oral use of energyThe Building Sector1.Prefabricated construction leads the trend of low-carbon constructionCompany Implications2.BIPV and energy-saving materials empower passive buildingsCompany implications3.Air source heat pumps-the key driver for space heating electrificationCompany implications

6、Virtue Power Plant and V2G accelerate in applicationSpearhead applications666772738183888892Executive SummaryOver the past few years,China has stepped up its climate action efforts to accelerate the transition of Chinas economy and energy mix towards zero carbon emissions.The carbon neutrality targe