Who owns State Grid?

As of March 2024, State Grid is the world's third largest company overall by revenue, behind Walmart and Amazon. In 2023 it was reported as having 1.3 million employees, 1.1 billion customers and revenue equivalent to US$546 billion. It is overseen by the State-owned Assets Supervision and Administration Commission of the State Council.

What will state grid do in 2025?

State Grid said earlier that the company will continuously focus on core and key technologies and invest more than 80 billion yuan ($12.4 billion) by 2025 on technology research and development to promote the safe and steady operation of the country's power industry and supply chain.

What percentage of China's power grid is SGCC?

SGCC accounts for 80% of the Chinese grid, with China Southern Power Grid accounting for the other 20%. : 40 At its creation, SGCC company had a generation capacity of 6.47 gigawatts. In 2003 and progressively so through the early 2000s, electrical shortages caused the government to institute rolling blackouts.

When was the State Grid Corporation of China founded?

The State Grid Corporation of China was founded on December 29, 2002, when the restructuring divided the former State Power Corporation of China into two grid companies, five generation groups and four accessorial business companies.

Did state grid buy Chilquinta Energa & tecnored?

In Chile, State Grid acquired Chilquinta Energía, the third-largest distributor of electricity in Chile, and Tecnored SA, which provides construction services to Chilquinta, from U.S. power company Sempra Energy. The deal was closed on June 24, 2020.

How many charging piles does State Grid have?

Pang Xiaogang, executive vice-president of State Grid, said the company, which offers services to over 1.1 billion people across 26 regions, built 172,000 charging piles by the end of 2020. It has come up with a fast charging network that covers 176 cities and 50,000 kilometers of highways nationwide.