In recent years, Shandong has focused on wind power, nuclear energy, hydrogen energy, energy storage and other key areas, continued to promote industrial innovation and foster the development of new business models and modes. The new energy industry throughout Shandong Province witnesses prosperous development and strong momentum. In the first quarter of 2022, the new energy and new materials industry achieved a revenue of RMB 323.6 billion, which saw an increase of 5.9% year-on-year; the added value of above industries reached RMB 59.43 billion, with an increase of 21.4% year-on-year. The GDP share was 0.27 percentage points higher than the same period last year.

“The 14th Five-Year Plan” is the key period and window period for promoting the green and low-carbon transformation of the energy structure, which is also the golden period for accelerating the development of the new energy industry. Shandong will focus on the manufacture, promotion and application of new energy equipment. Special efforts will be made to build a new energy industry cluster with strong core competitiveness, high industrial level, full industrial chain and excellent industrial characteristics. Shandong will spare no efforts in promoting high-quality, large-scale and cluster development of the new energy industry.

Shandong sticks to the policy of intensification, renovation and extension of the industrial chain. Based on the resource advantages and industrial base of each district, Shandong focuses on wind power equipment, photovoltaic power generation equipment, nuclear power equipment, hydrogen energy equipment and other key industrial chains, accurately draws an industrial chain map, figures out a series of lists of leading backbone enterprises, major supporting enterprises, strengthening the points of weaknesses and leveraging strengths. The "1 map + N lists" industrial development path comprehensively promotes the scale, quality and efficiency of industrial development.

Shandong promotes advantageous enterprises better and stronger, innovates the cooperation model of “pilot + backbone” and lead the collaborative development of upstream, midstream and downstream enterprises. Based on building an advanced third-generation nuclear energy base - China Advanced Passive, we will accelerate the physical operation of the nuclear energy headquarters of China Power Investment Corporation. Focusing on the field of new energy equipment manufacturing, we will strengthen the shortcomings of offshore wind power mainframes, hydrogen energy and fuel cell core equipment, and precisely attract a number of "leading" enterprises and "renovation" projects.