Ant Digital Technologies and GCL Energy Technology Forge Strategic Partnership to Advance Green Energy and Digital Transformation

24.12.2024 - 11:03:31

Business Wire India

On December 23rd, Ant Digital Technologies and GCL Energy Technology signed a strategic cooperation agreement to comprehensively collaborate on constructing new power systems, green finance, and artificial intelligence across scenarios such as distributed photovoltaic power stations, energy storage stations, and integrated energy services.

Ant Digital Technologies will leverage its technological advantages in blockchain application scenarios, while GCL Energy Technology will utilize its industrial strengths in new energy project development, construction, and operational management. The collaboration will focus on joint construction, acquisition, and securitization of new energy assets, including distributed photovoltaic power stations, commercial and industrial photovoltaic power stations, and residential photovoltaic power stations.

Besides, both parties will collaborate to build AI large model applications suitable for scenarios including new energy generation forecasting, energy management optimization, and intelligent operations, driving the industry's move towards enhanced intelligence and sustainability.

As a leading player in the new energy sector, GCL Energy Technology has a robust track record in the development and operation of clean energy projects. It specialize in comprehensive energy services and digital energy operations, creating an integrated "energy + service" industrial chain that includes clean energy production/sales, energy storage, virtual power plants, charging services, and computing power services. GCL Energy Technology has significantly expanded its renewable energy footprint, with its total installed capacity reaching 5976.36 megawatts as of September 30, 2024, and renewable sources constituting 57.81% of this capacity , demonstrating its strong capabilities and rapid development in the new energy field. This strategic partnership between GCL Energy Technology and Ant Digital Technologies will accelerate the arrival of a low-carbon and sustainable global economy.

Recently, leveraging blockchain and Internet of Things (IoT) technologies from Ant Digital Technologies, GCL Energy Technology has completed its first RWA (Real-World Asset) project, aiming to accelerate its green energy projects and contribute to a more sustainable future.

“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.

“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.

About Ant Digital Technologies

Ant Digital Technologies is Ant Group's digital technology subsidiary. Ant Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like ZOLOZ, mPaaS and ZAN based on its expertise in AI, privacy computing, and security technology. Ant Digital Technologies is committed to working with partners across different industries to support small and medium-sized financial institutions in their digital transformation, enable SMEs in the service industry to operate digitally, and facilitate digital collaboration across industries. Revenue from Ant Digital Technologies' international business operation increased by 300% in 2023.

About GCL Energy Technology

As the core entity of China’s largest private power conglomerate, GCL (Group) Holdings Co., Ltd., GCL Energy Technology 's primary business encompasses clean energy production, comprehensive energy services, and digital energy operations, creating an integrated "energy + service" industrial chain including clean energy production/sales, energy storage, virtual power plants, charging services, and computing power services.