Ant Digital Technologies (an affiliate company of Alibaba Group), an innovative technology provider, and GCL Energy Technology, China’s integrated energy service provider, entered a strategic collaboration on 23 December to build new advanced power systems, green finance, and artificial intelligence.
The collaboration will concentrate on applications across diverse scenarios, including distributed photovoltaic (PV) systems, energy storage facilities, and integrated energy services.
Ant Digital Technologies will harness its expertise in blockchain technology to improve application scenarios, while GCL Energy Technology will leverage its industrial capabilities in the development, construction, and function of new energy projects.
The collaboration highlights the joint development, acquisition, and securitization of new energy assets, containing distributed PV stations, commercial and industrial PV installations, as well as residential systems.
Both companies will work together to create large-scale AI model applications. These applications will strive to optimize new energy generation forecasting, streamline energy management, and facilitate intelligent operational practices, thereby increasing the industry’s shift toward increased intelligence and sustainability.
Also Read: Beyond Bank Partners with Cognizant to enhance its digital banking operationsWith a significant presence in the new energy sector, GCL Energy Technology boasts an impressive track record in the development and operational management of clean energy initiatives. The company specializes in delivering comprehensive energy services and digital energy operations, forming an integrated “energy + service” ecosystem that spans clean energy production, sales, energy storage, virtual power plant operations, charging services, and computational resources.
“We are grateful for the support from our partners, which will help us further expand our renewable energy projects and contribute to a more sustainable tomorrow,” said Yufeng Zhu, Chairman of GCL Energy Technology.
The alliance between GCL Energy Technology and Ant Digital Technologies is poised to expedite the transition toward a low-carbon, sustainable global economy.
“This collaboration represents a significant milestone in advancing sustainable energy solutions. We hope our blockchain and AI technologies can better support the development of the real economy, especially in the new energy sector,” said Zhuoqun Bian, Vice President of Ant Group and President of Blockchain Business at Ant Digital Technologies.
Recently, by leveraging blockchain and Internet of Things (IoT) technologies developed by Ant Digital Technologies, GCL Energy Technology successfully finished its inaugural Real-World Asset (RWA) project. This initiative boosts the deployment of green energy projects and fosters a sustainable future.
