State Grid Corporation of China
World's largest utility, third-largest company by revenue.
The State Grid Corporation of China (SGCC) is a Chinese state-owned electric utility corporation and the largest utility company in the world. As of March 2024, it is the world's third largest company overall by revenue, behind Walmart and Amazon, and the largest government-owned company by revenue. It operates almost all of China's energy transmission network and is overseen by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).
- field
- Electric utility
- nationality
- Chinese
- known_for
- Largest utility company in the world; pioneer in clean energy technology; operator of 80% of Chinese grid
- employees
- 1.3 million (2023)
- customers
- 1.1 billion (2023)
Lore & Background
The other grid company created was China Southern Power Grid, with SGCC accounting for 80% of the Chinese grid. At its creation, SGCC had a generation capacity of 6.47 gigawatts. Overseas, State Grid created a subsidiary in 2008 to oversee foreign investments. By 2021, it had part ownership of or operated electricity assets in Brazil, Italy, Portugal, Greece, Australia, Georgia, Oman, and the Philippines, and had built or upgraded assets in more than 30 Asian, African, and Latin American countries. In the Philippines, a consortium including State Grid won a 25-year license in 2007 to operate the country's power grid, forming the National Grid Corporation of the Philippines (NGCP).
Reader's Guide
State Grid Corporation of China is significant as the world's largest utility company and a central pillar of China's energy infrastructure, operating 80% of the national grid. Internationally, SGCC has expanded through overseas investments and operations in multiple countries, including a major role in the Philippines' power grid. The company's proposal for a Global Energy Interconnection reflects its ambition to link power grids across continents. However, its history also includes challenges such as electrical shortages and corruption cases, like the 2014 detention of a Shanghai manager. Overall, SGCC's legacy is tied to China's economic growth, energy security, and global influence in the utility sector.
Did You Know?
- State Grid is the largest government-owned company by revenue as of March 2024.
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