[Policy Update] NDRC and NEA Jointly Issue "15th Five-Year Plan for the Development of New Power Systems"

📰 News Highlight

The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) have jointly issued the "15th Five-Year Plan for the Development of New Power Systems" (the "Plan").

⚙️ Core Components

1.       Targeted Energy Generation and Integration Metrics: By 2030, non-fossil energy generation is targeted to reach 50% of the national total, with total installed power capacity reaching 5.4 billion kW.

2.       Expansion of Flexibility Assets and Infrastructure: The Plan sets targets for new energy storage to reach 300 million kW and virtual power plant (VPP) maximum regulation capacity to exceed 50 million kW.

💡 Key Takeaways

1.       Unlocking Massive Markets for Storage and Flexibility Providers: By setting aggressive targets of 300 GW for new energy storage and 50 GW for VPP capacity, the Plan creates massive procurement demand for battery storage developers, grid-edge software platforms, and demand-response aggregators needed to stabilize the grid.

2.       Transitioning Coal Power to Regulating Assets: The framework accelerates the structural shift of conventional coal-fired power from baseload suppliers to peak-shaving and backup regulating sources, clearing room for large-scale renewable.

[Market Update] NEA Releases "China Green Fuels Development Report (2026)"

📰 News Highlight

The National Energy Administration (NEA) has publicly released the "China Green Fuels Development Report (2026)" for the first time, systematically reviewing the development of China's green methanol, green synthetic ammonia, sustainable aviation fuel (SAF), bioethanol, biodiesel, and bio-natural gas industries.

💡 Key Takeaways

1.       Strategic Blueprint for the Full Industry Chain: The Report outlines that during the "15th Five-Year Plan" period, national authorities will strengthen top-level design, accelerate core technical breakthroughs, and advance industrialization pilots to optimize the entire "production-storage-transportation-utilization".

2.       Unlocking Non-Electric Renewable Applications for Hard-to-Abate Sectors: By advancing innovations in green-hydrogen production, biomass conversion, and CO₂ resource utilization, green fuels provide a vital pathway for scaling non-electric renewable energy use.

[Carbon Market]