In 2010, 70 percent of the country's electricity generation came from coal-fired power plants, but the Chinese government is investing heavily in renewable energy technologies.
Additionally, this technology allows consumers to manage their power usage and make choices for economically efficient products and services.
Smart meters will be in widespread use and EV charging stations will have been deployed in numbers that will satisfy demand • Complete a strong, smart grid • Become world leaders in management, technology and equipment • By 2020, UHV and other intra-regional transmission capacity will reach 400 GW, enough to connect all planned coal, hydro, nuclear and wind power to areas with high demand
[4] In December 2011 construction on battery energy storage station residing in Zhangbei, Hebei Province was completed by BYD and SGCC.
The storage station is capable of storing 36 MWh of energy in a series of lithium iron-phosphate batteries approximately the size of a football field.
[13] Honeywell was selected in 2011 to develop the smart grid project and implement its automated demand response (ADR) technology to temporarily decrease energy use in commercial and industrial facilities.
The reduction is triggered when citywide consumption peaks and threatens to outpace the ability to produce power, which creates instability, and the potential for brownouts and blackouts.
Implementation of the Honeywell pilot project gave SGCC the latest technologies and perspective on how to realize the benefits of demand response.
China is the World's largest Transmission and Distribution market with capital expenditures on power lines growing at an annual rate of 15 to 20 percent until 2018.
[14] With this level of investment, US companies can test and commercialize the technology in China at a faster and larger scale than in other parts of the World, including developed countries.
[citation needed] The agencies involved in the ADR pilot deemed it a success and the technology is now being implemented in other parts of China, including Shanghai.
Rolling out Ultra-High Voltage (UHV) transmission systems would account for more than 60% of that market, while smart meters and wind power connectivity could reach $2 billion and $800 million annually respectively.