China’s power development based on the energy internet

School of Mechanical and Energy Engineering, Shanghai University of Electric Power, China

Abstract

Energy Internet’s deep integration of energy systems and modern communication technologies can transform the economy from fossil energy to clean renewable energy. Based on the theoretical framework of business model, it is proposed that power companies can achieve the strategic entry of energy Internet market services through customer concept innovation, appropriate organizational structure adjustment, and more attention to external cooperation. By proactively innovating business models, Chinese power companies will gain sustainable competitiveness and build a platform for subsequent innovations. The development of the energy Internet will also make the construction of the global energy Internet inevitable. In this context, the internationalization process of China’s power companies faces both opportunities and problems. China’s power internationalization strategy should aim at realizing the global energy Internet. Under the guidance of the “One Belt, One Road” strategy, China’s power industry should relying on UHV technology advantages and overseas power operation management experience, strengthen domestic and international cooperation, develop renewable energy and distributed energy, and improve Grid-connected services, fully open the user-side distributed power market, use the Internet to develop diversified businesses, and establish a business model that is in line with the development of the industry.