China has unveiled an ambitious plan to establish a nationwide smart power grid employing internet technologies such as 5G and artificial intelligence, with the first phase to be completed within two years. The scheme was outlined in a recent white paper by the State Grid Corporation, China’s largest utility company, which operates roughly 90 per cent of the country’s electricity grids. The state-owned monopoly is also one of the biggest utility companies in the world, making US$9.5 billion in profits last year.
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