Milestone Achieved: CHINT ANNENG-CHINT Unveils “Power Converge 136” Virtual Power Plant Platform

2025-09-26 14:50:41
September 26th, 2025 | Zihan Zheng


Background:

On Sept. 23 in Zhejiang, China, CHINT ANNENG, parent company of CHINT PVSTAR, officially launched its “Power Converge 136” Virtual Power Plant (VPP) Aggregation and Trading Platform at a ceremony attended by more than a hundred colleagues from across departments. The launch marked a major strategic milestone and a significant breakthrough in the company’s journey toward power market reform and the digital transformation of energy.

The event was more than a platform release — it embodied the collective strength of the project team and reflected the industry’s high expectations for the future of virtual power plants.


Strategic Value: Beyond a Platform, Driving Industry Transformation

At the event, Lu Kai, the President of CHINT ANNENG, emphasized the significance of the launch: “Over the next five to ten years, the virtual power plant will be as important to CHINT ANNENG as Alipay was to Alibaba.” His remarks underscored the platform’s role as a key driver of future growth.



As power market reform accelerates and the demand for new power systems rises, the VPP is emerging as a critical driver for CHINT ANNENG. For energy users, it serves as an intelligent hub that aligns consumption with carbon-reduction goals. For electricity retailers, it generates detailed consumption profiles, provides price forecasts, and executes trading strategies via blockchain-based smart contracts — helping tackle the industry’s long-standing issue of undifferentiated competition.


By 2026, the platform is expected to process hundreds of billions of kilowatt-hours in transactions, expand into Jiangsu, Zhejiang, and Anhui, and ultimately build a nationwide service network.


Dr. Lai of Beijing Qingneng Interconnection Technology Co., Ltd. noted that the launch comes at a pivotal moment, as the sector transitions from policy-driven support to market-oriented operations. Leveraging its strengths in clean energy and storage, CHINT ANNENG is well positioned to capture early opportunities in a market projected to reach a scale of hundreds of billions.


 

Breakthrough Achievements: Advancing Technology, Capabilities, and Efficiency

The project team showcased the Virtual Power Plant’s progress across three core areas — algorithms, platform development, and technology upgrades.

AI-powered “brain”: Developed fully in-house, the VPP’s decision-making engine is already setting new benchmarks. In Shandong and Guangdong, day-ahead price forecasts reached 93% accuracy, real-time forecasts 88%, and medium- to long-term generation forecasts 76% — all exceeding expectations.


Closed-loop trading platform: MVP deployment in Shandong and Guangdong has created a full transaction chain from generation to consumption. Backed by 160,000 lines of proprietary code, the SaaS platform is now capable of live retail trading. A full-chain RPA tool for green certificate transactions has boosted efficiency dramatically. To date, the platform has aggregated 430,000 PV plants and is scalable to millions, while lab integration of the “Energy Box” and storage devices has laid the groundwork for commercial-scale operations.


Integrated and secure technology: Seven technical standards have been upgraded and over ten new optimizations introduced, creating a resilient, scalable system architecture. Automated generation of device simulation data has increased efficiency ninefold. The platform has also passed China’s Level 2 cybersecurity certification, ensuring secure and reliable operation


Next Steps: From Pilot to Real-World Application

The event concluded with Lu Kai, the president of CHINT ANNENG and other CHINT ANNENG executives pressing the “start button,” marking the platform’s transition from pilot phase to practical deployment.

Looking ahead, the team will concentrate on three priorities:
  • Algorithm optimization — refining ultra-short- and short-term forecasting, expanding trading algorithms to Zhejiang, Anhui, and Jiangsu, and extending service coverage.

  • Real-world validation — conducting live trading exercises, bringing distributed PV assets into the market, and realizing the platform’s commercial value.

  • Ecosystem building — strengthening partnerships to co-develop projects and foster a new energy services ecosystem.

As power market reform accelerates, the virtual power plant sector is opening up a vast blue-ocean market. With the launch of the Power Converge 136 platform, CHINT ANNENG has established a new growth engine — one positioned to capture industry leadership and drive the company’s integrated energy transformation.