Due to the complexity of the calculation process of the existing methods, the efficiency of data fusion of the power grid model is low. In order to improve the knowledge fusion effect of power grid model, this paper studied the knowledge fusion method of power grid model based on Seq2seq half pointer and half label method. The Text Rank algorithm is used to calculate the weight of semantic nodes of each grid model, and combined with the topological potential method, the semantic information of the grid model is extracted according to the final weight value, and the Seq2Seq semi-pointer semi-label model framework is constructed. The data of the scheduling automation system OMS and the production management system PMS are used as input. The extracted candidate mesh model semantics and the original mesh model semantics are encoded by Seq2Seq half-pointer half-label model. The semantic data of the power grid model is fused and sent to the Seq2Seq encoder. After the training is completed, the effective information is extracted from the power grid model through the Seq2Seq model to complete the knowledge fusion of the power grid model. Experimental results show that this method eliminates the redundant part of the basic attributes of each data source in the substation grid model after knowledge fusion, and the description of each basic attribute is more standardized, unified and perfect. Under different mesh model data dimensions, the support of the proposed method is all above 98%. The model trained by the proposed method tends to be stable after 120 iterations, and the precision, recall and F1 of the test set are 0.98, 0.93 and 0.91, respectively. At the same time, this method has high efficiency in the knowledge fusion processing of the power grid model, and its data processing speed is less than 160 s. The average integrity of the private data of the power grid model is 98.86%, indicating that the proposed method can better ensure the integrity of the data. Finally, compared with the application of other methods under different data amounts, the mean square error obtained by the proposed method is the smallest, indicating that the proposed method effectively improves the fusion accuracy.