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Huiye (Fujian) Power Co., Ltd. has announced the successful completion of its A-round financing, securing 30 million yuan. The proceeds from this funding will be primarily allocated towards the research and development of a state-of-the-art distribution network automation system. This innovative system will seamlessly integrate artificial intelligence and big data technologies, significantly enhancing the accuracy of power grid fault prediction and boosting operational and maintenance efficiency. Furthermore, the company intends to introduce intelligent monitoring solutions tailored to emerging applications such as offshore wind power and flexible DC transmission, thereby aligning with Fujian Province's ambitious strategy of "large-scale development of offshore wind power".
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