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 .


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On November 18, the Development and Reform Commission of Shijiazhuang City, Hebei Province, issued the Announcement of the Proposed Adjustment of Wind Power and Photovoltaic Projects in Shijiazhuang City. A total of 31 wind and solar projects will be adjusted, with a wind power scale of 4.55 GW and a photovoltaic scale of 1.296 GW.

2025-11-21 10:47:22

On November 18, Altay Runpeng Energy Storage Co., Ltd. issued a tender announcement for the second phase construction project of the centralized shared energy storage power station in Burqin County. The project plans to build a 300MW/1200MW H grid-type energy storage power station and supporting ancillary facilities. The construction scenario is the grid side, and the specific technical route is lithium iron phosphate batteries.

2025-11-20 15:11:20

According to the news released on the website of Henan Provincial Housing and Construction Department, on November 15, a steel structure support collapse accident occurred in the first bid of the expansion project of Zhengzhou Airport New Energy Parts Industrial Park (the fifth batch of DK5), covering an area of about 200 square meters, resulting in the death of three construction workers on the spot.

2025-11-20 14:15:39

Since November, a number of photovoltaic enterprises have received overseas orders: JinkoSolar signed a 300 MW module supply agreement with Japan DMM Co., Ltd. on November 17, and signed a 2GW photovoltaic module purchase intention agreement with China Energy Construction Group on November 14 to supply modules for Saudi projects.

2025-11-20 11:19:32

From the perspective of prospects and the expansion of new scenarios, we should say that we are still very optimistic. For example, some of our new industries, such as electric vehicle, big data center, artificial intelligence, high-end precision manufacturing, are accelerating their development. Its rapid development is highly dependent on stable and low-cost power supply. In addition, India's response to extreme weather has also created a rigid demand for green power.

2025-11-19 15:02:16

At that time, the purity of four nines was considered to be very high in our chemical analysis. And we know that for every order of magnitude increase in purity, the cost and price basically increase by an order of magnitude.

2025-11-19 11:43:47

Recently, Inner Mongolia Wulanchabu 1.05 GW/6.3 GWh compressed air energy storage project EPC general contracting tender announcement, the project is located in Lihua Town, Zhuozi County, Wulanchabu City, Inner Mongolia.

2025-11-18 16:04:35

On November 17, the main contract of lithium carbonate futures rose and stopped, closing at 95200 yuan/ton, a new high since July 2024. Benefiting from the sustained rise in the price of lithium carbonate, A-share energy metals, batteries and other sectors rose significantly, and the concept of lithium ore rose sharply across the board. Since mid-October, the price of lithium carbonate has fluctuated upward, with a cumulative increase of nearly 30%.

2025-11-18 16:02:42

Yes, it's hard to choose between them. They are all very good technologies. But I think if we look at the history of photovoltaics, the evolution of the last decade, has been using more and more high-performance technologies.

2025-11-18 13:12:23

On November 14, Ningde Times announced that Huang Shilin, the third largest shareholder and core co-founder of the company, intends to reduce 45.6324 million shares of the company through inquiry transfer, accounting for 1% of the company's total equity.

2025-11-17 17:03:19

On November 10, Gansu Huadian Gannan Xiahe 100 MW Muguang Complementary Photovoltaic Power Generation Project started.

2025-11-17 16:22:06

On November 13, local time, the Consumer Product Safety Commission of the United States issued a statement saying that Tesla announced a recall of about 10500 Powerwall 2 energy storage systems sold between November 2020 and December 2022, which involved a total of about $84 million, or about 590 million yuan.

2025-11-17 15:53:51

Last week, the price of photovoltaic industry chain fluctuated like a roller coaster. In the first half of the week, there was panic selling in the silicon wafer sector and prices fell. On November 13, a number of leading enterprises jointly raised the price, and the price was stable at about 1.3 yuan per piece. Component prices fell in varying degrees last week, and some leading companies withdrew their notices after sudden price cuts in the middle of the week, but the downward pressure on the market is still increasing.

2025-11-17 15:27:31

On November 13, Jiangsu Yancheng Public Resources Trading Platform released three photovoltaic projects planned to issue EPC general contracting bidding plan in December 2025, with a total construction scale of 585 MW.

2025-11-16 10:30:20

China will launch the 15th Five-Year Plan for Power Batteries to promote the development of new battery industry.

2025-11-14 15:09:28

On November 13, the website of Shaanxi Provincial Market Supervision and Administration announced the case of Longji Green Energy Technology Co., Ltd.

2025-11-14 15:05:13

On November 12, the successful candidate for the EPC general contracting project (bid section I) of the 600,000-kilowatt photovoltaic sand control project in Xinlong Kaisheng Yecheng County was announced. There are two finalists, the first is the Second Construction Engineering Co., Ltd. of China Construction Third Engineering Bureau and Hubei Zhicheng Construction Co., Ltd., with a quotation of 1320.8 million yuan and a unit price of 3.302 yuan/watt; The second is Baijing Construction Group Co., Ltd., with a quotation of 1,439.2 million yuan and a unit price of 3.598 yuan/watt (the unit price is calculated as 400 MW).

2025-11-14 13:01:53

In October, the number of new energy storage projects filed nationwide was 1,045, with a year-on-year decrease of 5.26%; the total scale exceeded 128.9 GWh, with a year-on-year increase of 223.94%. According to the published data, the corresponding total investment of the project is 59.361 billion yuan.

2025-11-14 11:46:34

On November 12, Haibo Sichuang announced the signing of the Strategic Cooperation Agreement with Ningde Times for a period of ten years from January 1, 2026 to December 31, 2035.

2025-11-13 17:11:15

On November 11, Shandong Meijin New Energy released the tender announcement of Meijin Jining 300MW/1200 MWh Compressed Air Energy Storage Project (EPC).

2025-11-13 16:44:09

Recently, the third phase of 2G W fishing-photovoltaic complementary power generation project in Zhanhua District, Binzhou, the world's largest fishing-photovoltaic complementary project contracted by China Electric Power Construction Co., Ltd. was officially started. Located in Binhai Town, Zhanhua District, Binzhou, Shandong Province, the project is planned to be 2G W, supporting the construction of the largest 220 kV photovoltaic booster station and transmission line in Asia.

2025-11-13 13:33:29

On November 10, Xinjiang Guoyang New Energy Technology Co., Ltd. issued a tender announcement for the design, procurement and construction of the 1 million kilowatt photovoltaic project (EPC general contracting) in Midong District of Xinjiang.

2025-11-13 11:29:00

On November 6, the 100 MW photovoltaic sand control project in Wangshu, Wuwei, Gansu started. The project is located in the 5 million kilowatt photovoltaic sand control demonstration base in Jiudun Beach, Liangzhou District, Wuwei City, Gansu Province. It is planned to build a new 100MW, supporting 15 MW/60 MWh energy storage system.

2025-11-11 17:06:07

Recently, some investors asked CSG A on the interactive platform about the full production time of Qinghai high-purity silicon business and the second phase polysilicon plan. CSG A responded that the Qinghai high-purity silicon project is currently advancing trial production as planned.

2025-11-11 16:30:30

On November 9, some media reported that Chuneng New Energy, the leading energy storage battery company, is intending to take over the new energy automobile company Weima Huanggang Factory, which has been shut down for more than two years, to open a new model of "battery enterprise + vehicle manufacturing".

2025-11-11 14:43:28

On November 7, Datang Jinneng Qiziwan 200MW Photovoltaic Power Generation Project EPC General Contracting Photovoltaic Module (TOPCon) Equipment Competitive Negotiation Announcement was issued. The project is located in Qiziwan, Muguan Island, Huangdao District, Qingdao, Shandong Province. It is planned to purchase 715 Wp monocrystalline N-type TOPCon double-sided double-glass photovoltaic modules, which will be delivered on November 30, 2025 and expected to be connected to the grid with full capacity on December 30.

2025-11-11 11:48:28

Last week, the photovoltaic module market was in a downturn, the signing focused on low-cost products, and the domestic market "entered winter". The price of silicon wafers and batteries is declining, the cost support of components is weakening, the superimposed demand is sluggish, and the price of components may decline in a new round at the end of the year.

2025-11-10 17:32:47

On November 7, Shanxi Energy Bureau announced the List of the Third Batch of Wind Power and Photovoltaic Power Generation Scale to be Abolished in 2025, and a total of eight 457,000 kilowatt photovoltaic and wind power projects were abolished. Among them, 7 photovoltaic projects were involved, with a scale of 447000 kilowatts.

2025-11-10 11:47:50

On November 8, the commencement ceremony of Xinjiang Wushi 250000 kW/1 million kWh grid-type independent energy storage project was held in Wushi County Photovoltaic Industrial Park.

2025-11-10 11:43:36

On November 6, the tender announcement for the project of 200000 kW/800000 kWh electrochemical independent energy storage power station in Shanshan County, Xinjiang, was issued.

2025-11-07 16:03:50

Recently, Datang issued a tender announcement for EPC general contracting of photovoltaic projects in Fujian and Chongqing, with a total capacity of 130MW. On November 5, Datang Fujian Fuan Xiwei 80 MW Fishery Complementary Photovoltaic Power Station New Project EPC General Contracting Tender Announcement was issued, and the tenderer was Fujian Datang International Ningde Power Generation Co., Ltd. The project scale is 80MW.

2025-11-07 11:10:30

Did you find out? In the first week of November, the expected price increase did not come, but the price of components began to fall quietly! In November, some manufacturers could not sit still and directly started the "impulse" mode at the end of the year ahead of schedule, further pushing down the market price.

2025-11-06 17:06:04

On October 31, the public resources trading platform of Yibin City, Sichuan Province, issued the announcement of the bidding plan for the energy storage power station project in Wuliangye Industrial Park.

2025-11-06 16:33:16

On November 4, the successful candidate for the 500,000-kilowatt photovoltaic (EPC) project in Nilka County, Yili Prefecture, Xinjiang was announced.

2025-11-06 15:10:44

On November 4, Guoneng e-Recruitment released the announcement of successful candidates for EPC general contracting project of Ganluo Phase II Photovoltaic Power Generation Project of Dadu River Company. The project unit is Guoneng Dadu River New Energy Ganluo Co., Ltd.

2025-11-06 11:54:11

On November 3, China Electric Power Construction Jilin Institute announced the results of the transaction of the energy storage system equipment procurement project for the EPC general contracting project of the sub-project 1 of the 1 million kilowatt and 4 million kilowatt hour independent energy storage project on the power supply side.

2025-11-06 11:41:18

On November 4, the successful candidate for EPC general contracting of the photovoltaic area of Luntai 200MW photovoltaic power generation project in Tarim Oilfield, Xinjiang, was announced. China Construction Fourth Bureau Installation Engineering Co., Ltd., China Petroleum (Xinjiang) Petroleum Engineering Co., Ltd., and China Gezhouba Group Electric Power Co., Ltd.

2025-11-05 16:54:46

On October 31, 2025, Zhejiang Quzhou Photovoltaic Cell Enterprise Xinyi New Energy Technology (Quzhou) Co., Ltd. issued a notice on the company's cessation of operation. Due to the force majeure that the state has made major policy adjustments to the photovoltaic industry and strictly regulated the production capacity of the industry, the shareholders'meeting has decided to completely stop operation from that day in accordance with relevant laws and regulations.

2025-11-05 14:18:03

On November 3, the tender announcement for PC general contracting of photovoltaic power generation project of Shougang Group Mining Company was issued, and the tenderer was Huadian (Qian'an) New Energy Co., Ltd.

2025-11-05 11:20:07

Following British volt, Swedish Northvolt and other companies, BMZ, a veteran German battery company, recently officially announced its application for bankruptcy protection.

2025-11-04 17:04:27

On October 31, the Energy Bureau of Ordos City, Inner Mongolia, issued the "Inner Mongolia Hub Node Kubuqi Desert Clean Energy Base Project Investment and Development Leading Enterprise Optimization Plan".

2025-11-04 16:32:23

On November 3, Yunnan Guangnan County Development and Reform Bureau announced the withdrawal of 13 new energy project investment and development entities, including 11 photovoltaic projects (865 MW) and 2 wind power projects (290 MW).

2025-11-04 14:31:07

On November 2, the successful candidate for EPC general contracting of Bid Section 1 of Ruoqiang Photovoltaic Power Generation Project in Bazhou, Tarim Oilfield, Xinjiang was announced. A total of 3 enterprises were selected.

2025-11-04 11:20:18

On October 31, the leaders of 11 leading polysilicon enterprises held a meeting in Shanghai to further confirm the core details of the operation mode, equity allocation, fund raising and responsibility division of the polysilicon storage consortium platform.

2025-11-03 16:58:22

On October 31, Shengxin Lithium Energy announced that the board of directors of the company had considered and approved the Bill on Terminating the Issuance of H Shares and Listing on the Hong Kong Stock Exchange, and the company decided to terminate the planned issuance of H Shares and listing on the main board of the Hong Kong Stock Exchange.

2025-11-03 16:56:38

At the end of October last week, the component market was still light, and prices were mixed during the week. A leading company raised its quotation in the first half of the week, but few of them followed the rise, because there were many futures contracts, the momentum of the rising transaction price was insufficient, and the overall upward trend was difficult to show. In the last two months at the end of 2025, the rush to install at the end of the year is hard to reappear. According to our research, the domestic component production schedule in November is stable and declining, between 40-44 GW.

2025-11-03 15:53:55

Recently, in Bazhong Economic Development Zone, Sichuan Province, the project of producing 1.5g Wh sodium-ion batteries annually was officially announced. The total investment of the project is 500 million yuan. The production line of 1.5g Wh sodium-ion batteries and the R & D and innovation center of sodium-ion batteries are planned to be constructed, with an estimated annual output value of 600 million yuan.

2025-11-03 13:22:33

On October 28, Kuqa Runshang Energy Storage Co., Ltd. issued an EPC tender for 300 MW 1.2 GWh grid-type energy storage to build 300 MW 1.2 GWh lithium iron phosphate energy storage and a 220kV step-up gathering station.

2025-10-31 15:37:09

On October 24, Huaneng Wuhe 100m W water surface centralized photovoltaic power generation project was signed and landed.

2025-10-31 14:42:45

Since the middle of October, Tongwei, Longji and other photovoltaic enterprises have received overseas orders: on October 30, Longji and Raystech of Australia signed a memorandum of cooperation on the sales target of 2GW in 2026-2028; On October 29, Longji (Hong Kong) Trade signed a preliminary agreement with India's Inox Solar for the supply of 5G W solar modules in the next three years.

2025-10-31 11:53:53

On November 21, Fujian Provincial Department of Industry and Information Technology issued the Announcement of Fujian Provincial Department of Industry and Information Technology on the Replacement Plan of Huarun Cement (Longyan Caoxi) Co., Ltd. to Supplement 600 Tons of Cement Clinker Production Capacity Per Day.