Founded in 2022, Hangzhou Bicheng Energy Development Co., Ltd. stands as a premier service provider specializing in the investment management and operation of new power systems. It also acts as an investment operator for industrial and commercial distributed clean energy power stations. The company has garnered substantial investments from a number of renowned institutions and industry collaborators, including the prominent Temasek. Recently, Bicheng Energy successfully closed a Series C1 funding round worth hundreds of millions of yuan. This round was spearheaded by China Shipping Fund, with additional investments from Chengdu Communications Investment Capital and Yancon Capital. Prior to this, Bicheng Energy had already established a 1 billion yuan new energy M&A fund in partnership with Chengdu Communications Investment Group, and this latest funding further solidifies their collaborative efforts.

Bicheng Energy's operational footprint is vast, spanning hundreds of cities across China and extending to multiple regions overseas. Looking ahead, the company is poised to deepen its involvement in the industrial and commercial distributed clean energy sector. It plans to enhance its energy asset layout, venture into large-scale energy storage projects, increase its investment in smart power trading platforms and AI technologies, and pioneer the 'Energy for AI' model. This innovative approach aims to provide tailored power solutions for AI computing centers and beyond.

Chairman and CEO Li Wenxuan remarked that this latest funding round serves as a testament to the company's robust business model. He emphasized that Bicheng Energy will leverage technology and operational efficiencies to bolster the ongoing energy transition.