Systemic reforms have opened new channels for the private economy. Energy is the lifeblood of the nation, and the private economy is a powerful engine driving China's economic ship forward. Since the 18th National Congress of the Communist Party of China, from policy guidance to service optimization, from market opening to innovation breakthroughs, the National Energy Administration has continuously improved policies and regulations to support the development of private enterprises, paving a high-quality development path for the private economy through systematic planning. The enactment of the "Energy Law of the People's Republic of China" marks a new stage in the legalization process of China's energy sector. This "energy constitution" for the first time legally stipulates that "the state encourages and guides various business entities to invest in energy development and utilization according to law," laying a legal foundation for the deep participation of private capital in fields such as nuclear power, energy storage, and new energy.

Promoting private capital participation in nuclear power projects is a practice of the central government's spirit of "promoting the development and growth of the private economy." The first phase of the Zhejiang San'ao Nuclear Power Project, approved this year, saw Geely Group open the door to nuclear power investment with a % shareholding ratio, pioneering private enterprise participation in nuclear power projects. Subsequently, Wanxiang Group, Jiangsu Shenghong, and other private enterprises have successively participated in several nuclear power projects approved this year, with a total investment of billions of yuan, and private capital accounting for %. As China's nuclear power equipment manufacturing industry advances from mid-to-low end to high-end, a group of "specialized, refined, and innovative" private enterprises have emerged. These enterprises focus on niche markets in the industrial chain such as nuclear-grade valves, piping materials, core instrumentation, and graphite materials, overcoming a number of "bottleneck" technologies. Dalian Dagao Valve Co., Ltd. independently developed the "nuclear-grade first-class explosion-proof valve," solving one of the three key equipment bottlenecks for the "Guohe One" demonstration project, filling a gap both domestically and internationally, achieving international leading levels, and realizing the first domestic supply for the "Guohe One" demonstration reactor. Yingliu Group has successively undertaken the task of independently manufacturing the nuclear-grade first-class main pump casing for China's first million-kilowatt nuclear power plant, becoming the sole producer of the main pump casing for the "Hualong One," completing the internationally pioneering project of integrated metal insulation for nuclear power plant pressure vessels, and developing the first wall divertor for the fusion reactor "artificial sun." Baoyin Special Materials overcame the "bottleneck" technology for the heat transfer tubes of third-generation nuclear power steam generators, with products applied to the global first reactor of "Hualong One." Jiangsu Shangshang Cable developed shell cables resistant to mega-rad radiation, recognized as filling an international gap, marking a breakthrough in the localization of key components for China's third-generation nuclear power... Private enterprises and large state-owned enterprises focusing on main equipment form complementary advantages, becoming an important part of China's nuclear power industry chain.

With the continuous advancement of the construction of a unified national electricity market, private enterprises are actively participating in the investment and operation of new energy, electricity retail companies, and new market entities, gradually becoming an indispensable and important force in the electricity market. Currently, there are over a thousand electricity retail companies in China, achieving an annual retail transaction volume of trillions of kilowatt-hours, accounting for a significant percentage of the market-based transaction volume. New entities such as independent energy storage, virtual power plants, and load aggregators are flourishing, and new business models featuring friendly interactions among diverse entities are continuously emerging. The shift from "high thresholds" to "broad access" has allowed private enterprises to develop and expand in a broader space. Since the implementation of the "Measures for the Administration of Licenses for the Installation, Repair, and Testing of Electric Power Facilities," the application conditions and materials for such licenses have been significantly streamlined (with application conditions reduced by a certain percentage and application materials reduced by another percentage), and "hard constraints" such as corporate net assets and professional qualifications have been completely abolished. With the significant lowering of market entry barriers, a large number of private enterprises have entered the market, rapidly expanding the industry scale. The story of Yuechi County in Guang'an, Sichuan, is a vivid example. Former labor construction teams have transformed and upgraded with the help of the "certificate reduction and convenience" policy, with the county now home to a number of high-grade electric power construction enterprises, ranking first in the country, with private enterprises accounting for a certain percentage, forging the golden brand of "the hometown of China's power transmission and transformation." Under systemic reforms, private enterprises are focusing on strengthening, optimizing, and expanding their businesses, propelling the private economy onto the broad stage of the energy sector.

The rise and growth of the new energy industry are bolstered by the promotion of the development and expansion of the private economy, which cannot be achieved without a suitable environment and foundation. The National Energy Administration encourages and supports private capital to participate in the development, construction, and operation of various new energy projects. It has repeatedly issued policies and regulations that align with the laws of the market economy, match the development process of the industry, and are conducive to the overall goal of building a new energy system, thereby supporting the development of the private economy. - Support for private capital to expand investments in wind, solar, geothermal, and biomass energy, develop energy storage technologies, materials, and equipment, participate in the construction of energy supply facilities for new energy vehicles, and engage in the construction of new energy demonstration cities, green energy demonstration counties, and solar demonstration villages, among other policies and regulations, supports the development of the private economy. - Support for private enterprises to actively invest in the construction of centralized or distributed new energy and large-capacity energy storage facilities, and to carry out demonstration projects of "integration of wind, solar, hydro, and storage" and "integration of source, grid, load, and storage." - Support for private enterprises to increase investment in energy-saving and carbon-reducing fields such as solar power, wind power, biomass power, and energy storage. Under the favorable policy environment, private enterprises have rapidly emerged in the new energy sector like bamboo shoots after a spring rain. The white paper "China's Energy Transition" points out that private enterprises account for about % of China's wind turbine manufacturing enterprises, and the vast majority of photovoltaic equipment manufacturing enterprises are private enterprises. The rise of the new energy industry has not been smooth sailing, and in the process of development, a standardized and orderly market environment has always provided fertile "soil" for the growth of the private economy. In recent years, the photovoltaic industry has been fiercely competitive, with frequent issues such as low-price dumping and disorderly competition. The National Energy Administration, together with the Ministry of Industry and Information Technology and the National Development and Reform Commission, has conducted special research on solving problems related to the development of the photovoltaic industry and organized symposiums for private enterprises, proposing suggestions such as strengthening industry self-discipline, controlling production capacity scale, improving product quality, expanding domestic demand, and exploring emerging markets. In terms of policy guidance, the National Energy Administration, in collaboration with relevant departments, issued the "Implementation Plan for the Early Warning Mechanism of Key Industrial Product Capacity," proposing warning indicators for the photovoltaic industry; issued the "Specifications for the Photovoltaic Manufacturing Industry (Year Edition)," raising the minimum capital ratio and product technical indicators for new production capacity; released the "Guidelines for the Construction of the Photovoltaic Industry Standard System (Edition)," strengthening the coordination between the standard system and the industrial system; organized the photovoltaic industry association to conduct research and calculate and publish industry costs, guiding industry self-discipline. In terms of market expansion, the continuous acceleration of the construction of large wind and photovoltaic bases in "desert, Gobi, and wasteland" areas has been ongoing, with the first batch of large bases basically completed and put into production, with a total scale of about million kilowatts, and the second and third batches of large bases successively starting construction. The newly installed capacity of centralized photovoltaic power stations in the year was . billion kilowatts. The active development of distributed photovoltaic power generation, standardizing and promoting the sustained and healthy development of distributed photovoltaic power generation, with the newly installed capacity of distributed photovoltaic power generation in the year being . billion kilowatts. In terms of structural adjustment, in collaboration with relevant departments, the optimization of export tax rebate policies, the adjustment of export tax rebate rates for products with imbalanced supply and demand such as photovoltaic, guiding the orderly withdrawal of inefficient and backward production capacity; researching and drafting the "Action Plan for Quality Improvement and Upgrading of the New Energy Industry (Draft for Comments)," improving the supply and demand relationship of the product market, and enhancing the quality of production capacity supply.

Innovation Drives China's Energy Intelligence Manufacturing to "Go Global" Innovation is the key to breaking through the "bottleneck" dilemma and the core competitiveness for private enterprises to establish themselves in the global market. In areas such as fourth-generation nuclear power, fusion reactors, new energy, and new types of energy storage, private enterprises are continuously writing new legends of independent innovation with the perseverance of "ten years of sharpening a sword." The year saw "developing new types of energy storage" being included in the "Government Work Report" for the first time. Since the "14th Five-Year Plan," the National Energy Administration, together with relevant departments, has been continuously establishing and improving the policy system to support the development of new types of energy storage, actively promoting its growth. From thousands of kilowatts to tens of thousands of kilowatts, during the "14th Five-Year Plan" period, China's new energy storage installation scale has nearly doubled. According to industry association statistics, among the top ten global new energy storage system shipments in the year, several were Chinese private enterprises. Among the top ten domestic new energy storage system shipments, several were private enterprises. Among them, CATL, with its globally leading lithium-ion battery technology, has extended the lifespan of energy storage systems to years with its "zero decay" battery technology; Dalian Rongke's world-leading vanadium redox flow battery energy storage system has overcome the technical challenges of long-duration energy storage, providing core support for the smooth output of large wind and solar bases; Zhongchu Guoneng has built an internationally leading tens of thousands of kilowatt-level compressed air energy storage power station. These breakthroughs not only enhance the safety of the industrial chain but also position China at the forefront of global energy storage technology competition. Private enterprises, leveraging their technological advantages and market acumen, have become pioneers in the global expansion of Chinese intelligent manufacturing. Sungrow's inverter products have ranked first in global market share for consecutive years, providing core equipment for photovoltaic power stations in Europe, the Middle East, and other regions; Goldwind has installed over 100 million kilowatts globally, with business covering continents and countries, gradually turning the entrepreneurial dream of "Goldwind units spread across the world" into reality. At the level of standard setting, CATL, as a core participant, contributed to the global technical regulations for electric vehicle safety, marking China's first major lead role in the formulation of global technical regulations; from Brazil to Mexico, from Colombia to Chile, BYD, with solid data and awards, indicates that Chinese intelligent manufacturing is moving from product export to a new stage of standard export. Today, private enterprises are exploring the "energy+" cross-border model with flexible mechanisms, continuously activating innovation momentum. Teld pioneered the "charging network + microgrid + energy storage network" triple network integration technology, deploying over 100 "light storage charging and inspection" new energy microgrid demonstration stations in multiple cities across the country; Envision Technology, relying on the "Ark" energy and carbon management system, provides carbon footprint tracking and green electricity trading services to over 100 enterprises, promoting low-carbon transformation of the industrial chain; in the rural energy revolution, Chint Aneng, through the "household photovoltaic + digital operation and maintenance" model, has cumulatively built over 10,000 "fast, good, and economical" quality power stations, capable of providing 1 billion kilowatt-hours of green electricity to society annually.

President Xi Jinping emphasized the need to unify thinking and strengthen confidence to promote the healthy and high-quality development of the private sector. In the future, as policy dividends continue to be unleashed and the innovation ecosystem is further optimized, the high-quality development of the private economy will undoubtedly propel China's energy sector steadily forward toward greener, more efficient, and safer directions.