DBM Data: Academician Liu Ke: No One in the World Likes Thermal Power! How to use cheap wind and solar energy in the future power crisis?

2025-10-25 11:00:00

No one in the world likes thermal power. Who likes thermal power? With 1,000 tons of coal, there are three to five thousandths of dust emissions, carbon dioxide emissions and sulfur emissions after burning. But why are so many thermal power plants built?

No one in the

world likes thermal power. Who

likes thermal power? With 1,000 tons of

coal, there are three to five thousandths of dust emissions, carbon dioxide emissions and sulfur emissions after burning. But why are so many thermal power plants built?

Because up to now, the cheapest and most stable electricity in the world is thermal power. What about

nuclear power? It's not that people don't like it, but that its cost has not come down. Especially after the Fukushima nuclear power plant, your safety factor has increased and the cost index has risen. Electricity is called capital intensive industry. The cost of running a power plant is basically 80% of the interest paid to the bank. No one

in this world wants to build thermal power plants, but people build so many because it is the cheapest and stable electricity.

Fortunately, over the years, China's wind and solar energy have become very cheap and have come to the forefront of the world. The State Power Investment Corporation is located in Ganzi Prefecture, Sichuan Province. The cheapest solar energy is 14 cents per kilowatt-hour, and the local government pays three cents of resource tax and 11 cents per kilowatt-hour. In the Middle East, where solar energy is abundant, some even have a penny per kilowatt hour. However, remember that this price is the price when there is wind and sun, and it is expensive when there is no wind and sun.

Today, when you are in the coastal areas, the cost of thermal power generation is 4 cents, 5 cents and 6 cents, depending on the price of coal.

Then everyone said, since there is so much light, why do we still use thermal power? The problem is your instability. Wind energy and solar energy are about 1,200 hours in the Pearl River Delta and 1,000 hours in the Yangtze River Delta. A large amount of wind energy and solar energy in Yulin is 1,700 hours and 1,800 hours. That's the time in Inner Mongolia. The Taiwan Strait in Fujian is the best wind power in the world. In some places, it's even close to 4,000 hours, but the average in China is 2,200 hours. It is not enough for you to complement each other.

In the future, with the era of artificial intelligence and the improvement of computing power centers, the whole world will face the problem of insufficient electricity. China, on the other hand, will not be able to rely on burning coal to generate electricity if it increases its electricity by two to three times in the future, and nuclear power is too expensive. How to use cheap wind and solar energy? The core of wind and solar energy is energy storage .


All can be viewed after purchase
Correlation

On October 21, due to the change of bidding content, the EPC general contract of 200MW household distributed photovoltaic project in Ningxia was terminated.

2026-10-23 10:30:31

Lao Tie, the line-ups of component price reduction has been expanded again. Last week, eight manufacturers cut prices, and two second and third lines were added in the first half of the week, with a drop of 2 to 3 points. However, in the first half of the week, the head quotation is still stable for the time being.

2026-10-22 17:16:09

On October 20, the announcement was issued before the implementation of the procurement of energy storage system equipment for the 250 MW/1000 MWh independent energy storage project in Hohhot, Inner Mongolia.

2026-10-22 16:49:52

On the evening of October 21, Aixu announced that it planned to invest 1.150 billion yuan to upgrade the existing PERC battery capacity of Tianjin Base to 6GWABC battery capacity. The project is scheduled to start in the fourth quarter of 2026 and put into operation in the third quarter of 2027.

2026-10-22 16:30:08

On October 20, Tianqi Lithium disclosed its performance forecast, predicting to achieve net profit of 5.1 billion yuan to 6 billion yuan in the first three quarters of 2026, with a year-on-year increase of 2734.97% to 3235.26%; net profit after deduction of non-profits of 5.03 billion yuan to 5.93 billion yuan, with a year-on-year increase of 6957.09% to 8219.79%.

2026-10-22 14:50:15

On October 21, Shanshan issued a fixed increase plan announcement, intending to issue a shares to indirect controlling shareholder Conch Group, raising a total of no more than 4 billion yuan.

2026-10-22 11:00:14

On October 20, Guizhou Energy Bureau announced that 22 wind power and photovoltaic power generation projects were approved for filing from July 2026 to September 2026, with a total scale of 2.3875 million kilowatts.

2026-10-22 10:30:00

Recently, the 200MW/800MWh independent new energy storage EPC project in Wusu City, Xinjiang issued a tender termination announcement. The original bid opening time of the project was October 21. The reason for the termination was that the project had undergone major changes.

2026-10-21 16:45:16

On October 15, the Natural Resources Bureau of Lingwu City, Ningxia, issued an administrative penalty decision to a photovoltaic power generation company in Ningxia, which implemented a 35 KV collector line project in four villages of Majiatan Town, Ningxia, suspected of illegal occupation of grasslands, dry farmland, woodland, and land vegetation damage caused by vehicle rolling. He was fined a total of 0.09 yuan 996305.

2026-10-21 16:30:58

On the evening of October 20, Sunshine Power and Xinwangda announced that they would co-invest with professional investment institutions to set up a partnership to establish Shenzhen yuanzhi Juxin Shengrong Energy Storage Asset Private Equity Fund Partnership (Limited Partnership) with a total subscription of 1 billion yuan.

2026-10-21 15:14:03

On the evening of October 20, Ningde Times released its third quarter report for 2026. In the third quarter, the company realized revenue of 165.221 billion yuan, an increase of 58.58% over the previous year, and realized net profit of 21.246 billion yuan attributable to shareholders of listed companies, an increase of 14.54% over the previous year.

2026-10-21 11:06:42

On October 10, the Bureau of Ecology and Environment of Aba Prefecture, Sichuan Province, issued a public announcement on the acceptance of the EIA documents for the photovoltaic power generation project of Chishajiao (Phase II) in Maoxian County, Aba Prefecture.

2026-10-21 10:30:37

On October 19, Huawei's smart car solutions subsidiary was expected to formally sign a strategic cooperation framework agreement with Ningde Times and Times Electric Service. The three parties will focus on the ecological construction of intelligent power exchange and create a new experience of senseless energy supplement for the era of automatic driving.

2026-10-20 15:32:19

On October 19, Xiexin Technologies announced that it intends to acquire about 81.91% of its controlling stake in Sichuan Xiexin Lithium Electricity Technology Co., Ltd. from the controlling shareholder Xiexin Group at a price not less than HK $1.3 per share, with an initial consideration of about 2.5 billion yuan.

2026-10-20 14:53:51

On October 16, the Bureau of Ecology and Environment of Ganzi Prefecture, Sichuan Province, issued an announcement on the acceptance of the ecological environmental impact assessment documents for the construction projects of Daofu Gehapu Phase I 500MW Photovoltaic Project and Daofu Gonglu Phase II 1.3 MW Photovoltaic Project.

2026-10-20 11:33:33

On October 16, Jiangxi Ganzhou Nankang District Light Storage and Charging Clean Energy Integration Construction Project was tendered, with a construction and installation cost of about 474 million yuan. The tenderer, Ganzhou Nankang District Hongbo Commerce and Trade Co., Ltd., is a state-owned enterprise.

2026-10-20 11:05:21

On October 16, the official website of Yangzhou Economic and Technological Development Zone issued two announcements to approve the EIA documents of "Jingao Yangzhou R & D No.1 Solar Cell Technology Research and Development Project" and "Jingao Yangzhou Base Battery Technology Renovation Project" of Jingao (Yangzhou) Solar Energy Technology Co., Ltd.

2026-10-19 17:00:50

On October 19, the National Energy Administration reported the handling of complaints and reports on the energy regulatory hotline in September 2026. Among them, people in Yinchuan, Ningxia reported through the 12398 hotline that there were hidden dangers in the quality of a centralized energy storage power station project invested by an electric power enterprise.

2026-10-19 15:24:00

On October 15, Yiwei Lithium Energy announced that the company expects a net profit of 5.068 billion yuan to 5.350 billion yuan attributable to shareholders of listed companies in the first three quarters of 2026, an increase of 80% to 90% over the same period last year; Net profit after deducting recurring gains and losses was 3.875 billion yuan to 4.262 billion yuan, an increase of 100% to 120% over the same period of last year, and the growth rate of deducting non-profits was even more prominent. At the same time, it is expected that business income in the first three quarters will increase by about 60% year-on-year.

2026-10-19 11:06:49

On October 15, Jiangsu Huadian Changzhou Wujin Qianhuanglingtai 219 MW Fishing-photovoltaic Complementary Photovoltaic Project EPC general contracting successful candidates were announced.

2026-10-19 10:55:15

On October 15, the People's Government of Xiangshui County, Yancheng City, Jiangsu Province issued the Announcement on the Stability Evaluation of the Decision-making Matters of the 300 MW Centralized Photovoltaic Project of Xinghai New Energy Co., Ltd. in Xiangshui County.

2026-10-17 10:30:19

On October 13, Guodian Electric Power Inner Mongolia Comprehensive Energy Guodian Electric Power "Mengdian into Anhui" New Energy Base Overall Implementation Plan and Feasibility Study Report Compilation Service Public Bidding.

2026-10-16 16:21:29

On September 16, Fumin County, Kunming, Yunnan Province, held a 2026 investment promotion docking meeting for the green energy industry chain. Fumin County Development and Reform Bureau has signed four investment invitation agreements with China Energy Construction, Huaneng Xiongfei, Yibin New Energy and China Coal Southwest Branch respectively.

2026-10-16 11:17:13

Operating income in the third quarter was RMB13.062 billion, representing a year-on-year increase of 109.03%; net profit attributable to parent company was RMB755 million, representing a year-on-year increase of 35.62%.

2026-10-16 09:50:27

Old iron, just after the National Day holiday, the component market has ushered in a wave of adjustment-six manufacturers have lowered their quotations, the overall decline of 1 to 3 points, and this wave of price reduction is not over yet. Recently, the demand of overseas component market has not met expectations, the distributed market continues to be depressed, the shipment of component manufacturers is mainly supported by domestic centralized projects, the inventory has been relatively high, from the supply and demand point of view, the price of components can not find support at present.

2026-10-15 17:10:30

On October 13, Inner Mongolia Lvneng Chuangyan Qingshuihe County 600 MW/2400 MWh Independent Energy Storage Project EPC started bidding, the tenderer is Lvneng Chuangyan Investment and Development (Guangxi) Co., Ltd., the total investment of the project is about 2.4 billion yuan, equivalent to EPC unit price of about 1 yuan/Wh.

2026-10-15 16:48:18

On October 15, Zeng Yuqun, chairman of Ningde Times, donated 1.5 million shares of Ningde Times to Ningde Institute of Advanced Studies of Shanghai Jiaotong University at the 2026 World Energy Storage Conference, which is worth about 400 million yuan according to the current share price.

2026-10-15 15:22:38

On October 14, Deye disclosed its performance pre-increase announcement for the first three quarters of 2026. It is estimated that in the first three quarters of 2026, the net profit attributable to the owner of the parent company will be 4.22 billion yuan to 4.32 billion yuan, an increase of 1.873 billion yuan to 1.973 billion yuan, an increase of 79.81% to 84.07% compared with the same period last year. Net profit in the third quarter is expected to be 1.503 billion to 1.602 billion.

2026-10-15 11:03:53

On October 12, Xinjiang Changji Hutubi 400MW Photovoltaic Project EPC General Contracting Project (Bid Section II: 250MW Photovoltaic) was tendered.

2026-10-14 16:30:54

Around 11 am local time on October 12, a fire broke out in the finished product warehouse of a lithium battery manufacturing plant in Tangjin, South Korea. After receiving the alarm, the local fire department rushed to the scene, and the fire was completely extinguished at 1:58 p.m. that day.

2026-10-14 15:39:58

Sudden changes in the billion-level energy storage project in Jimotai District, Qingdao, Shandong! On October 11, the local trading platform issued a notice of bid rejection, and the EPC project of the second phase of energy storage in the urban distribution network with a total investment of more than 1 billion yuan was terminated.

2026-10-14 11:07:43

Recently, the three major photovoltaic sand control projects of Huadian, Huaneng and CGN in Alashan, Inner Mongolia, have been put on record, with a total investment of over 8.3 billion yuan and a total installed capacity of 3.5G W, all of which are included in the implementation list of photovoltaic sand control experimental projects of Alashan League published by the Energy Bureau of Inner Mongolia Autonomous Region on September 28.

2026-10-14 10:30:29

On October 12, Nandu Power issued a major litigation announcement. The company and its four subsidiaries, including Yangzhou Nandu, recently received a summons from the Yangzhou Intermediate People's Court. Due to disputes over financial loan contracts, they were sued by Yangzhou Hanjiang Branch of China Construction Bank, involving 210 million yuan. At present, the case has been filed and the first instance has not yet been heard.

2026-10-13 17:08:00

On October 9, Inner Mongolia Huida Yidao New Energy Technology Co., Ltd. was approved to upgrade the production line of high-efficiency N-type TOPCon photovoltaic modules.

2026-10-13 16:40:59

Recently, the Zhejiang Energy Bureau issued the Zhejiang 2026 New Energy Storage Project Construction Plan. A total of 26 projects are included in the plan, with a total scale of 1.67 GW/3.38 GWh, involving China Resources/State Power Investment/Datang/Zhengtai/Xinwangda/Jingke, etc.

2026-10-13 15:15:12

The photovoltaic industry held another "closed-door meeting", and this time it also finalized the bottom line of the sales price of silicon materials and components! On October 12, media reported that Tongwei, Xiexin and other head photovoltaic enterprises held a closed-door meeting in Hangzhou on the 11th.

2026-10-13 11:33:54

On October 10, CGN New Energy Ningxia Lingwu 500 MW/2 GWh grid-side shared energy storage power station EPC tender, the tenderer is CGN New Energy Lingwu Co., Ltd., plans to start construction on November 20, 2026, and complete all grid-connected power generation by May 10, 2027.

2026-10-13 11:13:24

On October 8, the Ecological Environment Bureau of Meishan City, Sichuan Province, issued an announcement on the ecological environment impact assessment document of the "High-efficiency Crystalline Silicon Solar Cell Intelligent Technology Upgrading and Renovation Project".

2026-10-12 17:20:24

On October 12, South Grid Energy Storage announced that on October 10, the board of directors of the company received a written resignation report submitted by Chairman Liu Guogang. As he reached the legal retirement age, Liu Guogang applied to resign as chairman, director, member of the Strategic and Sustainable Development Committee, convenor and member of the Nomination Committee of the ninth board of directors of the company. Liu Guogang's resignation will take effect on the date of the election of the new chairman of the company.

2026-10-12 17:06:15

On October 10, Ningde Times and Celis Group signed a long-term strategic cooperation agreement in Chongqing, and the two sides will deepen cooperation in battery safety, industrial chain coordination, global ecological cooperation and other fields.

2026-10-12 15:28:56

On the evening of October 11, Apollo Power, a listed company in Taiwan, announced the conclusion of the "AIDC and Enterprise Strong Grid Cooperation Strategic Alliance" with Taiwan Tesla Automobile Co., Ltd., Gigabyte Technology, Qunlian Electronics and Shilin Electric Machinery Factory.

2026-10-12 11:38:52

On October 10, the successful candidate for the 600MW pEPC general contracting project of Section II of Zhongxinjian Shima Bingdi Fusion 2G W Photovoltaic Base Project (Manas Jieyun 0.98GW) was announced.

2026-10-12 11:25:11

As of the close of September 30, the total market value of 107 listed companies related to the photovoltaic industry was 202.16 billion yuan, which was 147.8 billion yuan less than beginning of September, and 433.5 billion yuan less than January 5 this year, or 17.66%.

2026-10-11 10:30:49

On October 9, China Water Conservancy and Hydropower Fifth Engineering Bureau Co., Ltd., a subsidiary of China Electric Power Construction, disclosed that the 300000 kilowatt photovoltaic composite project in Futula, Lingwu City, Ningxia, was officially started. 

2026-10-10 17:30:33

On October 9, the Zimbabwean government officially made it clear that the ban on the export of lithium concentrates, originally scheduled for January 2027, would not be extended.

2026-10-10 15:24:59

On October 8, Shaanxi Development and Reform Commission issued the Announcement on Decentralized Wind Power and Small Ground Photovoltaic Power Station Projects in Shaanxi Province in 2026.

2026-10-10 10:30:29

In the next step, Xinjiang Energy Regulatory Office will continue to strengthen the normal supervision of grid-connected operation of energy storage, focus on the rigid implementation of dispatching discipline, intensify the verification and disposal of violations, resolutely put an end to all kinds of grid-connected violations, guide energy storage enterprises to operate in accordance with the law, maintain a fair and orderly power market order, and build a strong line of defense for grid security and stability.

2026-10-10 09:35:22

On October 8, Shanxi Energy Bureau issued the announcement on the scale list (supplement) of the third batch of wind power and photovoltaic power generation projects to be abolished in 2026. It is proposed to abolish 8 wind and solar projects with a total scale of 458,300 kW reported by Lvliang and Changzhi, including 6 photovoltaic projects with a scale of 358.3 MW and 2 wind power projects with a scale of 100 MW.

2026-10-09 16:30:57

On October 8, Ningxia Xindian Huitong Zhongning County 200 MW/800 MWh Energy Storage Power Station Project issued a tender announcement, the tenderer is Ningxia Xindian Huitong New Energy Technology Co., Ltd.

2026-10-09 15:14:49

On September 28, Xuzhou Xinrui Lithium Power 400000 tons of lithium iron phosphate project officially started construction in Xuzhou Jingkai District, Jiangsu Province.

2026-10-09 11:35:21

Yang Xiaokun, chairman of Yunnan Cement, is proposed to be the president of Yunnan Cement Association.