(Yicai Global) June 27 -- The interaction between charging piles and the power grid is promising and requires the role of the market mechanism, said Shu Yinbiao today, the chairman of The State Grid Corporation of China. "In the future, charging piles will charge in the off-peak period, while in rush hours, their electricity can be sold to the grid."
At the opening press conference for the Annual Meeting of the New Champions of the World Economic Forum, or colloquially Summer, Shu, as co-chair said that the development of electric vehicles has also promoted the development of new energy sources. "More than 25 percent of the world's energy is consumed in the transportation sector, and many charging piles use off-peak electricity to charge. Statistics show that a lot of off-peak electricity comes from new energy sources," he said.
During the development of electric vehicles in China, The State Grid has participated in the formulation of standards for electric vehicle charging infrastructure, provided a basic platform for electric vehicle charging infrastructure, and actively supported private enterprises in participating in the construction of the charging infrastructure, said Shu.
The State Grid has contributed significantly to the construction of infrastructure for charging piles and built a fast charging network along major highways, covering 14,000 kilometers, 13 provinces and 95 cities.
In addition, The State Grid has built the world's largest smart platform for the Internet of Vehicles. The platform monitors the status of charging piles and vehicles in real time, and the sharing of charging pile data allows real-time responses to charging faults and repair, Shu added.