On December 30, the "China-Malaysia Virtual Power Plant Project Achievements 
Conference and China-Malaysia Virtual Power Plant Development Cloud Forum" was 
held online by SPIC Shanghai Energy Technology Development Co., Ltd. (hereafter 
as SETD) to jointly explore the development trend of virtual power plants under 
the worldwide green and low-carbon transformation.

Shanghai Energy Technology Development Co., Ltd. (SETD) is a subsidiary of 
China's State Power Investment Corporation Limited which is one of the five 
largest power generation groups. This event is of great significance for China 
and Malaysia in the cooperation of virtual power plant business and promotes 
the green and low-carbon energy transformation.

In recent years, as an important configuration in the transformation of new 
power system, virtual power plant has become increasingly mature in policy 
support, technical verification and business model, etc.

In 2022, SETD, together with domestic and Malaysian universities and 
counterparts, led the preparation of the research report Development Potential 
Analysis and Cooperation Prospect of VPP in China and Malaysia both in English 
and Chinese.

The report offers an in-depth analysis of the energy and power development 
status of China and Malaysia and the development potential of virtual power 
plants in the two countries. It also puts forward a preliminary design of the 
operation scheme of virtual power plants in Malaysia, as well as suggestions 
for bilateral cooperation in this field.

At the forum, the panelists exchanged views and gave suggestions around the 
development status and trend of new energy and energy storage in Malaysia, and 
the development potential, technical research, construction and operation and 
business model of virtual power plant.

In the new wave of energy revolution characterized by large-scale development 
and utilization of new energy, virtual power plant has played an increasingly 
important role in the energy transformation and development of power system.

Looking forward, China and Malaysia will work together to promote green, 
low-carbon and smart energy transition and make new contributions to tackling 
climate change and achieving sustainable development for mankind.

Source: Shanghai Energy Technology Development Co., Ltd.

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   Caption: China-Malaysia Virtual Power Plant Project Achievements Conference 
was held online on Dec. 30.