State Grid was established in 2002 to carry out state-authorized investments and as a pilot state holding company. As one of the largest utilities in the world, State Grid ranks second on the Fortune Global 500. State Grid constructs and operates power grids as its core business. Its mission is to provide safer, cleaner and more economical and sustainable power. State Grid has RMB536.3 billion in registered capital and 1.72 million employees, providing power to 1.1 billion people in 26 provinces, autonomous regions and municipalities.