Recently, Jiangsu Electric Power Trading Center Co., Ltd. announced the results of Jiangsu Province's first batch (overall first batch) of 2024 virtual power plant listings, with Wanbang Digital Energy Co., Ltd. among them. Drawing on its deep technical expertise and innovative practice in the new energy field, StarCharge has actively engaged in virtual power plant business and become an important force driving the development of virtual power plants in Jiangsu Province.
For StarCharge, this is both recognition of its earlier efforts and a new starting point for future development. StarCharge will seize this opportunity to further increase its investment in the virtual power plant field, strengthen its R&D and innovation capabilities, and continuously improve the performance and service quality of its virtual power plants.
StarCharge has long been committed to the construction and operation of NEV charging infrastructure, as well as to technological innovation and application in the energy internet field. In virtual power plant projects, StarCharge fully leverages its strengths to integrate distributed energy resources, contributing to the building of a more flexible, efficient and intelligent power system.
As of November, StarCharge had obtained aggregator/virtual power plant qualifications at the provincial or municipal level in 15 provinces and cities, meaning that in every province nationwide where virtual power plant policies are already in place, StarCharge's virtual power plants have taken the lead with 100% coverage. Its vehicle-grid interaction virtual power plants in Jiangsu, Anhui, Shanghai, Shenzhen, Changsha and Changzhou were all among the first batch in their province or city to connect to provincial-level platforms, making it the only virtual power plant in China whose first-batch listings span 6 provinces and cities.
As a participant in Jiangsu Province's virtual power plant projects, StarCharge has actively responded to government calls, exploring virtual power plant business models and technological applications in depth. Through its independently developed energy management system, it achieves real-time monitoring, optimized dispatch and precise control of distributed energy devices, effectively improving energy utilization efficiency and reducing power system operating costs.
As a vital component of the energy internet, virtual power plants have broad development prospects and market potential. The company will continue to uphold a development philosophy of innovation-driven growth and win-win cooperation, joining hands with all parties to jointly grow and strengthen Jiangsu Province's virtual power plant industry. Meanwhile, StarCharge will actively explore virtual power plant application scenarios such as renewable energy consumption, power ancillary services and demand-side response, providing strong support for achieving Jiangsu Province's energy transition and sustainable development goals.
Looking ahead, the company will continue to cultivate the new energy field in depth, guided by technological innovation and oriented toward market demand, continuously enhancing its core competitiveness, and contributing more wisdom and strength to building a clean, low-carbon, safe and efficient energy system.
