State Grid Corporation of China Closed Now

State Grid Corporation of China (SGCC) was established in December 2002 as a state‑owned enterprise responsible for electricity transmission and distribution across mainland China Wikipedia+14China Daily+14Wikipedia+14. Headquartered in Beijing’s Xicheng District, SGCC operates power grids that supply electricity to over 1.1 billion people, covering approximately 88 percent of the country in 26 provinces and regions PERE+3Belt and Road Portal+3World Economic Forum+3. With total revenue of about US $545.95 billion in 2023, State Grid ranks among the world’s top three companies by revenue, trailing only Walmart and Amazon Wikipedia+2Wikipedia+2Wikipedia+2.

As the world’s largest electric utility company, SGCC also leads China’s international expansion of grid infrastructure through investments in 51 countries and major projects via subsidiaries such as State Grid International Development Co., Ltd. Projects span Brazil, the Philippines, Italy, Portugal, Greece, Oman, Chile, Pakistan, Australia, and Hong Kong, involving transmission network operations and ultra‑high voltage (UHV) systems UN Global Compact+2Belt and Road Portal+2Wikipedia+2. These global initiatives reflect China’s strategic Belt and Road infrastructure ambitions and SGCC’s drive to enable cross-border energy connectivity Belt and Road Portaltime.com.

SGCC is actively investing in grid modernization, clean energy integration, and smart power solutions. Domestically, the company supports integration of renewables, energy storage systems, and fast‑charging networks for electric vehicles. One cited example is its nationwide charging infrastructure, including over 2,000 highway fast‑charging stations as of 2021 Reddit. SGCC also focuses on sustainable development with goals aligned to China’s carbon‑neutral roadmap by 2060 and CO₂ peaking by 2030 Belt and Road Portal.

The firm employs around 1.36 million people across its global operations (2023 figures). It is overseen by SASAC (State‑owned Assets Supervision and Administration Commission) and governed under Chinese state ownership structure Wikipedia. SGCC remains critical to China’s national energy strategy while also influencing the global utility sector through its scale, technology, and expansion.