The State Grid Corporation of China, commonly known as the State Grid, is a Chinese state-owned electric utility corporation. It is the largest utility company in the world. As of March 2024, State Grid is the world's fourth largest company overall by revenue, behind Walmart, Saudi Aramco, and Amazon.
Carbon Capture Utilization and Storage (CCUS)
- Role and Importance: State Grid Corporation of China (SGCC) considers CCUS a critical component in reducing carbon emissions and achieving its climate goals. It emphasizes the technology's role in capturing and storing CO2 from power generation and industrial processes.
- Investments and Developments: SGCC has made significant investments in CCUS projects, enhancing its capacity to capture and store carbon. These projects are aimed at reducing the overall carbon footprint of its operations.
- Technological Collaboration: SGCC collaborates with industry partners, research institutions, and government bodies to advance CCUS technologies and ensure their effective implementation.
Sustainability and Green Initiatives
- Emission Reduction Goals: SGCC is committed to achieving carbon neutrality by 2060. The company has set interim targets to reduce carbon emissions intensity by 20% by 2030.
- Greenhouse Gas Regulations and Policies: SGCC supports robust regulatory frameworks that promote sustainability and emissions reductions. The company aligns its operations with national and international climate policies.
- Energy Transition Strategy: SGCC is actively investing in renewable energy sources, such as wind and solar power, and focusing on improving energy efficiency in its grid operations.
Key Takeaways
- SGCC is dedicated to achieving carbon neutrality by 2060 through investments in CCUS, renewable energy, and energy efficiency initiatives.
- The company is actively working to lower its carbon footprint and support global efforts to combat climate change.
- Collaboration with industry partners, governments, and communities is central to SGCC's sustainability strategy.
Website:
http://www.sgcc.com.cn/
10-K Report:
N/A
Sustainability Report:
http://www.sgcc.com.cn/html/files/2020-12/17/20201217092925545833884.pdf
