Speaker: Mr. Xueming Li
Type: Presentation
Location: Online meeting (ZOOM)
Time: About 1.5 hour
At this EED Forum’s session on new energy, we were honored to have expert guest speaker Mr. Li deliver an insightful presentation. With the theme “A Multidimensional Analysis of the New Energy Industry,” he provided an in-depth exploration of the industry’s multidimensional development trends and market prospects, offering valuable insights to attendees.
Mr. Li began by discussing the global context of carbon emission reduction, analyzing the role of new energy in this era. Wind power, photovoltaic power, hydropower, biomass energy, and geothermal energy are all part of the new energy sector, each playing distinct roles across the industrial chain. The lifecycle of new energy projects includes planning, construction, operation, and asset disposal. A key focus for enterprises is how to comprehensively consider the profitability of these projects. By analyzing the increase in the share of non-fossil fuels and the reduction of carbon emissions in China between 2012 and 2020, Mr. Li highlighted China’s significant role in the global energy transition, especially in light of President Xi Jinping’s commitment to carbon peaking and carbon neutrality at the United Nations General Assembly.
During his presentation, Mr. Li also introduced China’s achievements and plans in wind and solar power during the 13th and 14th Five-Year Plans. He pointed out that thanks to policy support and technological advancements, China has become the largest wind and solar power market in the world. In the coming years, China will accelerate the construction of wind and solar power bases in deserts and gobi areas to achieve the 2030 carbon peak goal. In this process, the industry will transition from being policy-driven to market- and technology-driven. As costs continue to decline and market demand grows, wind and solar power capacity will further expand.
Mr. Li provided detailed insights into four key sectors: wind power, solar power, hydrogen energy, and energy storage. Wind and solar power are currently the most developed sectors. He analyzed the differing investment and profit needs of state-owned and private enterprises and explained the investment structure of various projects. Hydrogen energy is seen as a future hot spot, but due to high storage and transportation costs, it still faces certain challenges. Energy storage technology, which addresses the intermittent nature of renewable energy, will also play a crucial role in the future of the new energy industry.
Innovation trends were another highlight of Mr. Li’s presentation. He stated that the future development of the new energy industry would center around integrated innovations, such as the fusion of electric, hydrogen, ammonia, and alcohol supply chains, the preparation of green methanol, and the concept of integrated energy islands. He emphasized the energy island model, which not only combines energy production but also integrates industries such as fishing, tourism, and scientific research, forming a unique multifunctional development platform.
In conclusion, Mr. Li showcased the innovation capabilities of Chinese companies in the new energy sector, taking Mingyang Smart Energy Group as an example. Through independent research and development, Mingyang has launched cutting-edge products such as the world’s first 30MW hydrogen-powered gas turbine and the world’s largest single-unit floating wind platform, “Mingyang Tiancheng.” These innovations demonstrate the global competitiveness of Chinese companies in the new energy arena.
Mr. Li’s presentation gave attendees a clearer and deeper understanding of the future of the new energy industry. He emphasized that with the growing global demand for clean energy, technological advancements and market demand will drive rapid growth in the industry, with new energy playing an indispensable role in the global energy transition.
We look forward to seeing you at the next EED Forum! Stay tuned!