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State Grid Corp. of China reported a fixed-asset investment of 75.7 billion yuan ($11 billion) in the first two months of 2026, an increase of 81% year-on-year. The company is focusing on ultra-high-voltage transmission lines and upgrades to the distribution network.

Investments in grid renovation reached 33.7 billion yuan, more than double the amount from early 2025. Overall investment in China's grid was 639.5 billion yuan in 2025, marking a 5% increase, with expectations for continued growth through 2030 as Beijing aims to alleviate transmission bottlenecks.