The 2024 performance report from State Grid highlights the company's ongoing commitment to developing a new-type power system, providing extensive details on the reserves of major projects, including Ultra-High Voltage (UHV) initiatives. CITIC Securities anticipates that investment in the power grid will achieve double-digit growth by 2025. As pivotal events like the annual working conference of State Grid progress, the industry is poised to enter a period of intensified policy stimulation, with a promising outlook for the deployment of the UHV sector.
