Hebei Province's New Measures to Boost Private Energy Sector Development
Key Ideas
  • Hebei Province's Development and Reform Commission issued detailed measures to promote private enterprises' participation in new-type energy storage projects, including hydrogen energy storage.
  • Private enterprises are encouraged to collaborate with universities and research institutes to address technological challenges, focusing on areas like hydrogen energy and enhancing their competitiveness.
  • Support is provided for private enterprises to engage in energy cooperation under the 'Belt and Road' Initiative and participate in the national green electricity market transactions.
The Development and Reform Commission of Hebei Province recently announced a set of refined measures aimed at fostering the development of the private economy within the energy sector. The notice encourages private enterprises to invest in and construct new-type energy storage projects, with a particular emphasis on technologies like compressed air energy storage, flow batteries, and hydrogen energy storage. Moreover, support is offered to aid private enterprises in establishing industrial and commercial ESS to mitigate electricity costs. Private enterprises are advised to pursue high-quality development by collaborating with educational and research institutions to tackle technological hurdles. Focus areas include wind power, PV, new-type energy storage, hydrogen energy, and gas turbines, with an aim to bolster their competitive edge. Additionally, the notice advocates for private sector involvement in energy cooperation under the 'Belt and Road' Initiative and active participation in the national green electricity market transactions. Overall, these measures seek to stimulate innovation, enhance competitiveness, and propel private enterprises towards a more prominent role in the energy sector.
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