State Grid Corp, one of the world's biggest utility companies, is pushing to build a global energy network, which is expected to attract investment of $50 trillion by 2050 through a new unit, sources said on Tuesday. During the peak season this summer, despite the surge in demand, State Grid Jiangsu maintained a stable energy supply, greatly reducing fault-induced power outages. 2. State Grid remains at the forefront of China's energy transformation initiatives by utilising the smart grid as a central platform. Also the largest electric power transmission and distribution company in China. NANJING, Jan. 12 (Xinhua) -- The first provincial-level digital intelligent power grid has been built in east China's Jiangsu Province, integrating over a trillion pieces of electric power data for the first time, local branch of State Grid said on Thursday. It is a virtual power grid built in the. Xin Baoan, Secretary of the Party group and chairman of the board of directors of the company, stressed the need to actively build an energy Internet industry ecosystem around the digital industrialization of energy.
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