On November 18, 2025, the "Source-Grid-Load-Storage + AI Virtual Power Plant" project was officially signed between Lingling District, Yongzhou City, Hunan Province, and Shenzhen Jiabai New Energy Technology Co., Ltd., a wholly-owned subsidiary of Jiawei Renewable Energy (stock code: 300317). This marks a significant milestone in the company's digital energy business portfolio. With a total investment of approximately 650 million yuan, this project represents another concrete implementation of the company's "Source-Grid-Load-Storage + Virtual Power Plant" initiative in the Central China region.
Government-Enterprise Collaboration to Build a Hunan Demonstration Model
On the morning of November 18, District Party Secretary Zhao Liping attended and delivered a speech at the signing ceremony, alongside district leaders Peng Dingguo, Wang Wuwen, Tang Hongying, and Tang Haijun. Vice President Liu Jie led the delegation from Shenzhen Jiabai New Energy Technology Co., Ltd. to attend the signing.
At the ceremony, District Party Secretary Zhao Liping stated that as the central urban area of Yongzhou, Lingling District has, in recent years, actively seized the opportunities presented by the national "Dual Carbon" goals. Leveraging its excellent ecological resources and regional advantages, the district is vigorously promoting the agglomeration and development of green industries. He emphasized that the signing of the Virtual Power Plant project symbolizes a "mutual commitment" between the government and the enterprise. The district committee and government will provide precise policy support, streamline processes, and offer full assistance, striving to establish the project as a "demonstration model" for virtual power plant construction in Hunan Province.
Liu Jie expressed high recognition for Lingling District's business environment and development prospects, describing it as an ideal city for both business and living. He stated that the company will fully leverage its technological and managerial strengths to collaborate with Lingling District in advancing the construction of the virtual power plant, contributing to the optimization of the regional energy structure and the transition towards green and low-carbon development.
Multi-Dimensional Benefits for Significant Project Impact
With a total investment of about 650 million yuan, the project will deliver multiple benefits to the Lingling District government and energy-consuming units within the park upon implementation:
Establishing an Energy Digital Platform: Building an integrated "Source-Grid-Load-Storage" + AI Virtual Power Plant digital platform. This will assist the government in the visual management of dispersed new energy assets and carbon emissions within the region, achieving centralized management of all loads through a unified network.
Cost Reduction and Efficiency Improvement: Assisting Yongzhou City in achieving carbon neutrality targets earlier and meeting the application standards for "Zero-Carbon Parks." Simultaneously, it aims to reduce the comprehensive electricity costs for park enterprises by approximately 10%, while gaining insights into their production and operational status to better serve local businesses.
Ensuring Power Supply: Utilizing the demand-side regulation capabilities of the virtual power plant during peak summer periods to achieve local consumption. It will provide power supply security during peak hours and store excess electricity during off-peak periods, addressing power supply imbalances.
Green Empowerment: Increasing the proportion of renewable energy, achieving multi-energy complementarity, and providing internationally recognized green electricity, green certificates, and green financial services for major energy consumers within the park.
Tax Revenue and Employment: The project construction and operation phases will create a substantial number of job opportunities, drive the development of related industries in Lingling District, and generate over 10 million yuan in annual tax revenue for the local government.
Implementing the "Dual Carbon" Strategy to Help Build a New Energy System
As China's first new energy enterprise focused primarily on photovoltaics, the company is deeply engaged in digital energy businesses such as source-grid-load-storage, virtual power plants, and integrated energy management. This project is also a significant practice in responding to the national "Dual Carbon" goals and constructing a new-type power system. In the future, Jiawei Renewable Energy will continue to deepen its efforts in digital energy fields including wind-solar-storage-charging, source-grid-load-storage, virtual power plants, and integrated energy management. Through the implementation of more high-quality projects, the company will contribute corporate strength to national energy security and green, low-carbon development.
