China's Energy Utilization Efficiency Has Significantly Improved

According to China National Radio, the green and low-carbon development of energy in China continues to reach new heights. From 2013 to 2023, the proportion of non fossil energy consumption in China, including wind power, solar power, hydropower, nuclear power, and biomass energy, increased from 10.2% to 17.9%, with a cumulative increase of 7.7 percentage points. In 2023, the newly installed capacity of renewable energy generation will account for more than half of the global total, and the cumulative installed capacity will account for nearly 40% of the global total.

From 2013 to 2023, the total production of primary energy increased by 35%, the production capacity of raw coal continued to strengthen, crude oil production remained at the level of 200 million tons, and the installed capacity of electricity and natural gas production doubled.

The installed capacity of wind power generation has increased from over 76 million kilowatts to over 440 million kilowatts, and the installed capacity of photovoltaic power generation has increased from over 19 million kilowatts to over 600 million kilowatts.

The capacity of "West East Electricity Transmission" exceeds 300 million kilowatts, supporting about 1/5 of the electricity demand in the eastern and central regions. The total length of long-distance oil and gas pipelines has increased from over 100000 kilometers to 190000 kilometers.

The modernization level of energy technology has entered the international advanced level. The third generation pressurized water reactor nuclear power technology, including the "Hualong One" with independent intellectual property rights, has been developed, and the world's first commercial demonstration project of high-temperature gas cooled reactor in Shidao Bay, Shandong has been completed and put into operation.

New breakthroughs have been continuously made in unconventional oil and gas exploration and development, as well as the research and development of heavy-duty gas turbines. Technologies such as ultra-high voltage transmission and high parameter coal-fired power remain world leading.

The costs of wind power and photovoltaic power generation have decreased by 60% and 80% respectively, and the entire hydropower industry chain is leading the world. The industrialization pace of cutting-edge technologies such as new energy storage and hydrogen energy has accelerated.

At the same time, the reform of key energy sectors and critical links continues to deepen. The construction of a unified electricity market system in China is accelerating, with over 60% of the total electricity consumption in the society achieving market-oriented trading and allocation; The initial formation of the oil and gas market system; The long-term contract system and market price formation mechanism for coal are constantly improving.

Comprehensive expansion of international cooperation in energy. A number of landmark projects, including the Beautiful Mountain Ultra High Voltage Direct Current Transmission Project in Brazil and the overseas first reactor of the "Hualong One" project, have been completed and put into operation; Realize power interconnection with seven neighboring countries; The implementation of six regional energy cooperation platforms, including China ASEAN and China Arab League, has been effective.

China is increasingly becoming an important force in the global energy governance system. Huaxin Energy hopes to contribute to China's energy industry and enable people around the world to use more of China's new energy products, such as our on board chargers, power supplies, etc.