China-Malaysia virtual power plant project achievements released via online forum

SHANGHAI,Dec. 30,2022 -- On December 30,the "China-Malaysia Virtual Power Plant Project AchievementsConference and China-Malaysia Virtual Power Plant Development Cloud Forum" washeld online by SPIC Shanghai Energy Technology Development Co.,Ltd. (hereafteras SETD) to jointly explore the development trend of virtual power plants underthe worldwide green and low-carbon transformation.

China-Malaysia Virtual Power Plant Project Achievements Conference was held online on Dec. 30.

Shanghai Energy Technology Development Co.,Ltd. (SETD) is a subsidiary ofChina's State Power Investment Corporation Limited which is one of the fivelargest power generation groups. This event is of great significance for Chinaand Malaysia in the cooperation of virtual power plant business and promotesthe green and low-carbon energy transformation.

In recent years,as an important configuration in the transformation of newpower system,virtual power plant has become increasingly mature in policysupport,technical verification and business model,etc.

In 2022,SETD,together with domestic and Malaysian universities andcounterparts,led the preparation of the research report Development PotentialAnalysis and Cooperation Prospect of VPP in China and Malaysia both in Englishand Chinese.

The report offers an in-depth analysis of the energy and power developmentstatus of China and Malaysia and the development potential of virtual powerplants in the two countries. It also puts forward a preliminary design of theoperation scheme of virtual power plants in Malaysia,as well as suggestionsfor bilateral cooperation in this field.

At the forum,the panelists exchanged views and gave suggestions around thedevelopment status and trend of new energy and energy storage in Malaysia,andthe development potential,technical research,construction and operation andbusiness model of virtual power plant.

In the new wave of energy revolution characterized by large-scale developmentand utilization of new energy,virtual power plant has played an increasinglyimportant role in the energy transformation and development of power system.

Looking forward,China and Malaysia will work together to promote green,low-carbon and smart energy transition and make new contributions to tacklingclimate change and achieving sustainable development for mankind.

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Caption: China-Malaysia Virtual Power Plant Project Achievements Conference was held online on Dec. 30.