本網站使用瀏覽器紀錄 (Cookies) 來提供您最好的使用體驗，我們使用的 Cookie 也包括了第三方 Cookie。相關資訊請訪問我們的隱私權與 Cookie 政策。如果您選擇繼續瀏覽或關閉這個提示，便表示您已接受我們的網站使用條款。 關閉
Innovative OCEAN Intelligence™ Recognized for Advancing Operational Excellence and Sustainability in Smart BuildingsHONG KONG SAR - Media OutReach Newswire - 25 March 2025 - As part of NTT Group, a world-leading telecommunications and ICT service provider, NTT Com Asia (NTT) is proud to announce that it has been awarded the Outstanding Green Application Award for Green Technology Product (Smart Building) at the ESG Green Development & Carbon Neutrality Awards 2024, hosted by am730. This prestigious recognition highlights NTT's commitment to sustainability and innovation in the field of green technology, perfectly showcased by OCEAN Intelligence™, the newly launched AI-powered open platform set to transform smart building management. Steven So, Senior Vice President, Data Centre Hong Kong, NTT Com Asia, receives the trophies at the Award Presentation Ceremony of am730 ESG Green Development & Carbon Neutrality Awards 2024. The award-winning OCEAN Intelligence™, while realizing its vision to bring AI into every building, fulfils buildings' operational needs and objectives in the most sustainable way. This is achieved through its core features of openness to break down data silos and integrate every OT, IT and IoT devices for effective centralisation and management, as well as its open partner ecosystem that enables advanced technology from startups and industry partners to bring solutions tailored to buildings' specific needs such as green and sustainability goals. For example, the OCEAN Intelligence™ Chiller Plant Energy Optimization solution, powered by technology startup Carnot Innovations, enables users to maximise efficiency and reduce energy usage of their chiller plant by leveraging AI to analyse their operational data. "Sustainability has always been one of the major concerns for building management and a pivotal consideration along the digital transformation path for smart buildings. We are honored to receive this award, which underscores OCEAN Intelligence™ capabilities to help optimize building operations and enhance asset values in a sustainable manner, thanks to its openness, scalability and flexibility." said Steven So, Senior Vice President, Data Centre Hong Kong, NTT Com Asia. "It also reaffirms our commitment to sustainability at NTT, where we are committed to creating greater harmony and maximizing societal well-being through technological innovation." NTT is dedicated to reducing greenhouse gas emissions from its data centre business operations to zero by 2030 and achieving net-zero emissions across the entire value chain by 2040. The ESG Green Development & Carbon Neutrality Awards, organized by am730, celebrate organizations that demonstrate excellence in environmental, social, and governance (ESG) practices. For more information OCEAN Intelligence™, please visit www.oceanintels.ai. Hashtag: #NTTThe issuer is solely responsible for the content of this announcement.About OCEAN Intelligence™OCEAN Intelligence™ is an open, scalable platform with the vision to bring AI in every building. Goes beyond simply collecting IoT and BIM data, it cultivates actionable insights in real-time, breaking down data silos providing a flexible modular design, and a suite of readily integrated solutions powered by an open partner ecosystem. From digital construction to digital operations, OCEAN Intelligence™ is the strategic partner for creating smarter, more sustainable, and truly intelligent buildings. About NTT Com AsiaAs part of NTT Group, a world-class leader in telecommunications and ICT services, NTT Com Asia Limited ("NTT") is dedicated to delivering the best ICT infrastructure and disruptive technologies with the vision to enable a smarter world. Riding on the leading enterprise mobile technology from docomo business in Japan, we are bringing cutting-edge and ready-to-market IoT, AI and other digital solutions to support enterprises in developing a mobile-first strategy in their digitalisation journey. For more information, please visit: www.ntt.com.hk.
HONG KONG SAR - Media OutReach Newswire - 11 March 2025 - Hong Kong Science and Technology Parks Corporation (HKSTP) today announced the strategic development of InnoCentre in Kowloon Tong as the leading green technology hub – "GreenTech Hub". This initiative brings together more than 200 green technology companies in the ecosystem to drive R&D and demonstrate sustainable solutions, signifying HKSTP's pivotal role in propelling Hong Kong as an international hub for green technology and green finance. Mr Paul Chan, Financial Secretary of HKSAR (middle, front row), and Mr Albert Wong, CEO of HKSTP (5th from left, front row), and GreenTech Hub Partners were among the officiating guests at the opening ceremony of the GreenTech Hub. Officiating at the opening ceremony of the GreenTech Hub was Mr Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR). In line with the Hong Kong Climate Action Plan 2050, which aims for carbon neutrality, the new GreenTech Hub will serve as a dynamic, collaborative platform that facilitates business opportunities, fosters the exchange of knowledge, bridges financing gaps to expedite green technology, and accelerates the commercialisation of R&D outcomes. Mr Albert Wong, CEO of HKSTP, said, "The establishment of the GreenTech Hub is a leap forward for Hong Kong in the global green technology arena. We believe real impact is achievable only through global collaboration. Our 16 GreenTech Hub Partners, which include financial and business institutions, universities, and institutions supporting business, form a powerhouse coalition against climate change." The number of greentech startups in Hong Kong has surged by an impressive 82% year-on-year in 2024, underscoring the immense potential of the sector in the city. HKSTP has been providing comprehensive end-to-end support to help greentech innovators grow and scale up by joining forces with influential stakeholders from the community. The new GreenTech Hub brings together 16 partners from leading financial and business institutions, industrial associations, and renowned universities. This collaboration facilitates business opportunities, fosters knowledge exchange and best practices, and bridges financing gaps to expedite green technology. Additionally, these universities offer talent training, testing and application scenarios for greentech solutions, further accelerating the commercialisation of R&D outcomes. The GreenTech Hub unites greentech companies to further drive growth and innovation across key technology sectors, including green fintech, green building, new energy, and smart city solutions. The hub also features a dedicated Green Space to showcase innovative greentech and sustainable solutions. The day's events also featured a panel sharing session, joined by GreenTech Hub Partners and leading industry leaders, on the future of green technology and its integration into mainstream sectors. HKSTP is set to continue strengthening Hong Kong's position as a global leader in GreenTech and Green Finance, propelling green technology innovation, driving decarbonisation efforts, and contributing to a sustainable future. Highlighted Greentech Innovations: Radiative Cooling Solution inspired by butterfly wings – Azure Era's radiative cooling film adopts cutting-edge technology, reflecting solar radiation to reduce indoor temperatures by 7 to 15 degrees Celsius without energy consumption for buildings, vehicles, and outdoor storing facility. Prominent clients and industry leaders include CATL and BYD. Creating Sterile Environments with 20kV – Apicem Technology Services (ATS) has developed a patented Baal Decontamination system that utilises a 20kV high-voltage electric field to eliminate bacteria and viruses, thereby purifying the air. TT GREEN: Facilitating Sustainability – InnoBlock's blockchain-powered platform delivers traceable sustainability management solutions, encompassing carbon credit trading, ESG management, and automated reporting. TT Green ensures transparent carbon footprint tracking, prevents double counting, and complies with 29 major global emission standards. Sulfur-Powered Revolution for Safer Electricity Storage – Luquos Energy has developed the world's first commercial sulfur-based flow battery energy storage system for renewable energy storage, uninterruptible power supply, smart microgrids, and EV solar chargers. The energy of this system is stored in water-based solutions of sulfur, which is intrinsically non-flammable, costing half as much as lithium-ion batteries. Fast and Safe Battery Swapping for E-Mobility – One Energy has developed intelligent battery swapping stations and management systems that enhances the usability of e-motorcycles and e-Tuk-tuks by drastically reducing charging time. The battery swapping station features the world's first water-cooled fast charging system, integrated with an automatic fire extinguishing system which brings safer battery charging. Transforming Tea Waste into a Greener Future - Zence Object converts tea waste into biodegradable materials called tea-board and tea-polymer. This sustainable innovation can replace plastic and timber, providing an eco-friendly solution for the environment.Hashtag: #HKSTPThe issuer is solely responsible for the content of this announcement.Hong Kong Science and Technology Parks CorporationMore information about HKSTP is available at www.hkstp.org
BEIJING, Nov. 26, 2024 /PRNewswire/ -- The 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) concluded in Baku, Azerbaijan, on Sunday, with a package of climate agreements reached after multilateral negotiations among nearly 200 parties. Given the increasing threat of climate change, China has made significant efforts, including ramping up its green energy development and promoting sustainable practices under the Belt and Road Initiative (BRI), to contribute to the global fight against climate change. How does Azerbaijan view China's role in COP29 and its overall contribution to the global effort to combat climate change? What further cooperation does Azerbaijan seek with China in terms of green development? Global Times reporter Xie Wenting (GT) spoke with Ambassador of Azerbaijan to China Bunyad Huseynov (Huseynov) on these topics. GT: The COP29 just concluded in Azerbaijan. It attracted worldwide attention given the increasing threat from climate change. How will cooperation with China contribute to the COP29 goals? Huseynov: In late 2023, by the unanimous decision of the states worldwide, the Republic of Azerbaijan was honored to be chosen as the host of COP29. It showcases the recognition of Azerbaijan's efforts to address climate change on a national, regional, and global scale. The goal of COP29 was to set out clear plans to keep 1.5 C within reach and leave no one behind while also putting in place the finance we need to deliver. Climate finance was also an important part of the negotiations at COP29. Considering China's unique contribution to the world green agenda and its rich knowledge, solid experience, and the availability of advanced technologies in renewable energy sources, Azerbaijan attaches particular importance to cooperation with China in this direction. This year, Azerbaijan's Minister of Ecology and Natural Resources, the President-designate of COP29, visited China twice. We were also honored and pleased to have Chinese President Xi Jinping's special representative Ding Xuexiang, also China's vice premier, in Baku, Azerbaijan for COP29. GT: How do you assess the cooperation between Azerbaijan and China in the field of green energy and sustainable development over the years? What role do you believe China and Azerbaijan can play in the global fight against climate change? Huseynov: Azerbaijan views China as one of its key partners in the green energy, transition, and renewable energy spheres. Chinese technology is already widely used, and it is essential to mention the professionalism of Chinese companies in implementing EPC projects in Azerbaijan in this field. China's experience and advanced technology in alternative energy are especially in demand in Azerbaijan. At the same time, opportunities for cooperation in integrating renewable energy capacities into the network and the transfer of green energy are being considered. All these issues can provide a great opportunity not only for bilateral but also for regional cooperation in the field of green energy and sustainable development. Azerbaijan and China will spare no effort to foster genuine and result-oriented dialogue with all the parties to advance the global process and ensure efficient climate action. Azerbaijan has proven to be a reliable partner in ensuring global energy security. A strategically important agenda is now being implemented to further diversify and strengthen our country's role in energy supply through "green energy." The creation of regional green energy corridors toward Central Asia, Turkey, and Europe is a key priority in this agenda. The "Caspian-Black Sea-Europe Green Energy Corridor" is a major project that is shaping a new configuration of energy connections across Eurasia. GT: How does Azerbaijan view the role of the Belt and Road Initiative (BRI) in promoting green development? Huseynov: Azerbaijan attaches great importance to the BRI, which builds bridges among countries and nations. My country was one of the first to support this initiative. In December 2015, during the state visit of President Ilham Aliyev to China, a memorandum of understanding on the BRI was signed. Azerbaijan has proven its support for this initiative not only in words but also in deeds. Over the years, the Azerbaijani government has invested considerably in creating strategic transport infrastructure under the BRI framework. We are modernizing the existing transport infrastructure and building new ones. Azerbaijan implemented large-scale transport and infrastructure projects, including the Baku-Tbilisi-Kars railway and the Baku International Sea Trade Port, connecting East to West through the Trans-Caspian International Transport Route. A new geopolitical situation has emerged in the world, and more cargo transportation actively uses the Trans-Caspian Transport Corridor. To better facilitate the increasing load of transported goods and diversify the routes, the Zangezur Corridor initiative launched by the President of Azerbaijan will become the shortest and most convenient alternative route for transporting goods from China to Europe. I have to state that the Zangezur Corridor should be considered not only as a transport route, but also as an energy transition pathway. The BRI also highlights the potential for increased cultural exchange and mutual understanding between nations. Additionally, the initiative could foster economic cooperation, strengthening relations between the countries involved. The initiative is a platform for fostering friendship and interaction between diverse societies. We believe that preserving and respecting the cultural heritage of countries along the historical Silk Road is key to the success of this endeavor. GT: What role do you see being played by emerging technologies in achieving sustainable development? How do you evaluate China's investment efforts in renewable energy and how do those efforts impact national and global green development? Huseynov: I worked in Beijing from 2006 to 2009 as a diplomat. In the last year that I served as the ambassador of my country, I witnessed how China had transformed into a prosperous society that continuously improves people's quality of life and environment through modern technologies and economic projects. The application of modern technology is critical to ensuring sustainable development in today's world. China, in particular, has a significant position. China has made great strides in improving the population's well-being. It is also one of the countries to have invested the most in green development and renewable energy. I would like to point out that China sets an example for the world by sharing with other nations the expertise and technology it has acquired. Azerbaijan is sincerely happy with China's successes in the development and prosperity of the country and its achievements. Azerbaijan is also developing at an accelerated pace, and a policy of diversification of the economy is the ever-evolving goal. In this context, we would welcome an increase in Chinese investment in our economy. We believe that there are good opportunities in this direction. I would also like to note that, Chinese companies has been involved as a sub-contractor in wind and solar energy projects implemented in Azerbaijan. We can already see the real effects of Chinese technology used in the commissioned stations. Also, a project to localize the manufacturing of e-buses in Azerbaijan by the BYD Company was agreed in the framework of COP29. GT: What are your expectations for the future of Azerbaijan-China relations? In which areas should both sides further deepen cooperation? Huseynov: Thanks to the mutual efforts of our heads of state, the development of our comprehensive relations has entered a new strategic partnership level. The heads of our states have given instructions to diversify economic cooperation and enrich it with qualitatively new content. At present, opportunities to expand the spectrum of cooperation in various sectors of the economy, energy, transport and logistics, industry, agriculture, information and communication technologies, humanitarianism, tourism, and other areas of interaction are being considered. In 2023, the trade volume between Azerbaijan and China increased by about 44 percent compared to the previous year. China is Azerbaijan's fourth-largest trading partner and the first import source, and this trend continues to rise. I would especially like to note that the transport and transit sphere is one of our countries' main directions of cooperation. Transport arteries passing through Azerbaijan and modern infrastructure form the shortest and most efficient transit routes for transporting goods from China to Europe and vice versa. The interest of Chinese transit operators and logistics companies in the "Middle Corridor" is growing increasingly. Azerbaijani trade houses are operating in several cities in China. We hope Azerbaijan's trade houses will be a dynamic trade and cultural exchange platform. Azerbaijan is increasing in popularity among Chinese tourists. At the same time, we are working on establishing China as a popular tourist destination for Azerbaijanis. https://www.globaltimes.cn/page/202411/1323754.shtml
BEIJING, June 26, 2024 /PRNewswire/ -- On June 25, 2024, ANTA, the leading brand in China's sportswear industry, partnered with the Chinese Olympic Committee to officially unveil The Official Uniform of the Chinese Sports Delegation for Victory Ceremonies for the Paris 2024 Olympic Summer Games at the Shougang in Beijing. Deputy Director of the General Administration of Sport of China, Mr. Zhou Jinqiang, Director of the Equipment Center of the General Administration of Sport of China, Mr. Yu Jianyong, Executive Director and Co-CEO of ANTA Sports, Mr. Lai Shixian , CEO of ANTA brand, Mr. Tsui Yeung, and a number of Olympic athletes gathered to witness this momentous occasion. Deputy Director of the General Administration of Sport of China, Mr. Zhou Jinqiang (left), and Executive Director and Co-CEO of ANTA Sports, Mr. Lai Shixian (right) hold a handover ceremony for the official uniform of the Chinese Sports Delegation for Victory Ceremonies Mr. Zhang Yimou served as the creative consultant for the official uniform of the Chinese Sports Delegation for Victory Ceremonies for the Paris 2024 Olympic Summer Games . The design of the outfits features classic Chinese styling with a minimalist color scheme. It combines elements such as "Loong scales" and "Loong whiskers" with embossing, patchwork, and embroidery techniques, conveying the traditional culture of China to the world while showcasing the spirit of perseverance and vitality of Chinese athletes in the new era. Notably, this set of official uniform of the Chinese Sports Delegation for Victory Ceremonies is made from environmentally friendly recycled fibers, making it the first carbon-neutral official uniform of the Chinese Sports Delegation for Victory Ceremonies for Olympic Games in China, certified by authoritative institutions. Implementing the National Dual Carbon Strategy, ANTA Creates China's First Carbon-Neutral Official Uniform of the Chinese Sports Delegation for Victory Ceremonies The official uniform of the Chinese Sports Delegation for Victory Ceremonies for the Paris 2024 Olympic Summer Games have been produced using eco-friendly materials such as recycled nylon and recycled polyester, contributing to a reduction in carbon emissions. The official uniform of the Chinese Sports Delegation for Victory Ceremonies achieve over 50% carbon reduction. Furthermore, certified by authoritative institutions, ANTA has ensured that the carbon emissions throughout the entire life cycle of the official uniform of the Chinese Sports Delegation for Victory Ceremonies —including raw material acquisition, transportation, production, distribution, usage, and disposal—are carbon neutral, making them China's first certified carbon-neutral official uniform of the Chinese Sports Delegation for Victory Ceremonies for Olympic Games. China’s first certified carbon-neutral official uniform of the Chinese Sports Delegation for Victory Ceremonies for Olympic Games As early as July 25, 2023, on the one-year countdown to the Paris 2024 Summer Olympic Games, ANTA and the Chinese Olympic Committee jointly launched the "Mountain and River Project", a large-scale environmental initiative which encouraged sports enthusiasts to collect discarded plastic bottles from the mountains and rivers across the country. In return, ANTA pledged to use recycled materials in manufacturing the official uniform of the Chinese Sports Delegation for Victory Ceremonies for the Paris 2024 Olympic Summer Games. Now, with the official release of the carbon-neutral official uniform of the Chinese Sports Delegation for Victory Ceremonies, the "Mountain and River Project" has achieved significant results and entered a new phase. In the future, ANTA will mobilize more sports enthusiasts to participate in the project through its nationwide retail network and extensive membership community, actively responding to the national dual-carbon strategy and fulfilling corporate social responsibility. Unveiling the New Olympic Cultural IP "ANTA Ling Loong " to Showcase New Era Chinese Culture to the World In 2012, during the Chinese Year of the loong, ANTA first integrated the "Loong" element into the design of the Official Uniform of the Chinese Sports Delegation for Victory Ceremonies, marking the presence of the "Chinese Loong" across Olympic venues in London, Sochi, Rio, Pyeongchang, Tokyo, and Beijing. With another Year of the loong approaching, ANTA is exploring younger and more vibrant ways to bring Chinese culture to the world. The new Olympic cultural IP "ANTA Ling Loong" was also unveiled at the official uniform of the Chinese Sports Delegation for Victory Ceremonies for the Paris 2024 Olympic Summer Games release ceremony. "ANTA Ling Loong" made a joint appearance with Chinese Olympic athletes The new Olympic cultural IP "ANTA Ling Loong" portrays a clever and spirited loong, breaking away from the traditional solemn image. This loong embodies human personality and emotion, reflecting the vibrant spirit of "Generation Z" Chinese athletes on the Olympic stage. In addition to excelling in sports with "Faster, Higher, Stronger-Together" performances, it also exudes a "more dynamic" vitality. Elements such as the loong whiskers, loong scales, and loong claws of "ANTA Ling Loong" are integrated into the design of the official uniform of the Chinese Sports Delegation for Victory Ceremonies. Mr. Tsui Yeung, CEO of ANTA brand, stated at the event that the innovative "ANTA Ling Loong" is a new IP that rejuvenates an era, aiming not only to showcase Chinese loong culture to the world but also to present the world with a new era of Chinese culture. Chinese women's trampoline team athlete Hu Yicheng photographed with "ANTA Ling Loong" Partnering with the Chinese Olympic Committee for 16 years, inspiring each other to grow together Since becoming an official partner of the Chinese Olympic Committee in June 2009, ANTA has maintained a 16-year collaboration, making it the longest-standing brand partner of the Chinese Olympic Committee. During this period of mutual inspiration and growth, ANTA has supported the Chinese Sports Delegation's athletes to stand on the Olympic podium 293 times. Notably, 122 Olympic champions have proudly worn ANTA's Champion Loong uniform, effectively showcasing the spirit and cultural allure of Chinese sports to the world. The history of the Olympics has witnessed the glorious journey of Chinese sports rising to prominence and standing tall on the global stage. Today, the modern Olympics serve not only as a competitive arena for Chinese athletes but also a global stage to showcase China's cultural confidence and technological innovation. In the journey of promoting the development of Chinese sports, ANTA will keep moving!
PARIS, May 8, 2024 /PRNewswire/ -- In an interview with Xinhuanet on May 5, Huang Changgeng, the chairman of Xiamen Tungsten Co., Ltd. (XTC), revealed details of the company's joint venture with the French Orano Group. Huang stated that the partnership is a testament to the robust integration of the Chinese and French battery sectors, enhancing cooperation in green technologies between the two nations. Huang Changgeng, Chairman of Xiamen Tungsten Co., Ltd. (XTC) (Photo courtesy of the interviewee) XTC, a publicly traded state-owned enterprise (SOE) in Fujian Province, operates across three strategic sectors: tungsten and molybdenum, rare earths, and renewable energy materials. Twenty years ago, the company expanded into the renewable energy materials sector, establishing facilities to produce lithium cobalt, lithium manganese oxide, ternary materials, and lithium iron phosphate. Notably, its subsidiary, XTC New Energy, achieved a milestone when it was officially listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange in August 2021. Mr. Huang, speaking on the progress of XTC New Energy, described the company's trajectory as a prime example of China's commitment to modernization and green energy. He explained, "Currently, the renewable energy sector in Europe is undergoing rapid expansion, and China holds a distinct advantage in the sector." In May 2023, XTC New Energy forged a partnership with France's Orano Group, leading to the establishment of two joint ventures in the northern French port city of Dunkirk. The project, with a total investment of approximately 1.5 billion euros, aims to establish production lines for lithium-ion battery cathode materials, precursors, and battery recycling, with the expectation of creating over 1,000 jobs in the near future. Mr. Huang affirmed, "The collaboration with Orano is undoubtedly a wise choice, as both parties possess complementary strengths. As a leading player in battery materials in China, XTC pairs perfectly with Orano's profound roots in France. The partnership not only completes the French industrial chain, but also marks a significant step for XTC in expanding into Europe and beyond." In discussing how the project aligns with the goals of the Belt and Road initiative, Mr. Huang noted, "Investment projects, unlike infrastructure projects, demand long-term commitments. Such investments are highly welcomed by the local community as they contribute significantly to local tax revenue, create employment opportunities, and simultaneously generate profits, resulting in a mutually beneficial outcome for all parties involved." Mr. Huang also spoke on the global impact of China's rapid modernization. "Our work abroad has given us greater insight into China's robust modernization efforts, which are moving swiftly in step with current global trends and showing tremendous vitality," he said. He further noted that the progress in China's development model is set to play a significant role in spurring a global economic revival and opening up new opportunities across the globe.
BEIJING, Jan. 15, 2024 /PRNewswire/ -- Recently, Wei Zhou, the Founding Manager Partner of CCV CAPTAL, received an exclusive interview from JIEMIAN NEWS, discussing hot topics such as green technology and the undeniable impact of extreme climate conditions. With nearly 20 years of entrepreneurial and investment experience, Wei Zhou, the Founding Manager Partner of CCV CAPTAL, believes that the opportune moment for green technology has arrived, considering investment timing and market maturity. Reflecting on his experiences in green technology investments during his time at KPCB China, Wei Zhou acknowledged that the market was not mature back then. However, the overall direction proved to be correct, evolving into a mature emerging industry globally. He also provided forward-looking insights into the development trends of the green technology industry and CCV's future investment strategy in the field, stating, "Overall, we hope the companies we invest in can quickly solve problems and achieve commercialization, positively impacting our lives." The CCV team, led by Wei Zhou, inherits the green technology genes from KPCB. Since its establishment in 2017, CCV has strategically invested in numerous innovative enterprises related to green technology. Wei Zhou emphasized that CCV will continue to deepen its involvement in the green technology industry, expressing confidence that more Chinese entrepreneurial teams will have opportunities to go global in the field of green technology. Wei Zhou believes that, in the field of green technology, more and more Chinese entrepreneurial teams have the opportunity to go global. The following is a verbal account by Wei Zhou. The Timing of Green Technology Investment is Crucial Global green technology investment was initiated by KPCB since around 2000. However, at that time, significant returns were not realized on a large scale. We learned a valuable lesson from this: timing is crucial. The overall direction of green technology was sound, but as a venture capital firm, we must focus on returns. If your vision is too far-reaching and you invest too early, it might not work. In fact, several early projects we invested in China were successful. Besides Kejingyuan(SZSE:301372), in 2009, I invested in a company specializing in PLA biodegradable plastics. The concept is now popular, and the company was later acquired by its parent company. Additionally, I invested in a team working on water pollution control, led by a professor from Tsinghua University. They had the most advanced reverse osmosis membrane technology in China at that time and were attempting commercialization. Back then, there were many projects in the green technology sector where venture capital exited, such as the company dealing with China's earliest automotive Battery Management Systems (BMS). This experience provides several insights: first, the overall direction of green technology is sound; second, as an investment firm, we need to consider the timing of technology commercialization and market acceptance more comprehensively. However, because we spent a considerable amount of time in the early stages of green technology, about three and a half years exploring projects with the team, including biomass diesel, solar energy, wind energy, and batteries—now called dual-carbon technology—we are not unfamiliar with these technologies. It was a costly but valuable learning experience that we can leverage today. At that time, whether it was the maturity of technology, public awareness in the market, environmental awareness, or product costs, none of these aspects were mature. For example, the conversion rate of solar panels was only around 8% at that time. If you calculated the full lifecycle carbon emissions from raw material supply to production and installation in users' homes, the product might not necessarily bring green benefits. Today, with the combination of various technologies, the conversion rate of solar panels has reached around 30%, and with a significant decrease in production costs, the product has become viable. Solar panels, combined with energy storage devices, can even sell excess electricity to the grid for profit. So, the biggest issue back then was that the technology was not mature, and the market had not reached the point of commercialization. As for the rationality of decision-making, it depends on how you evaluate it. As a venture capitalist, if you lack a bit of sentiment and refuse to invest in a technology because it seems too far from commercialization, how will progress be made? Relying solely on government investment is not realistic. Although the timing of green technology investments by KPCB and John Doerr was a bit too early, we cannot deny the success of these technologies today, which resulted from substantial investments made back then. There are several considerations for commercialization. First is the cost and maturity of the technology. Second, in the case where green and environmentally friendly products have relatively higher costs than traditional products, it requires public awareness of green products and controllable costs. If there is a cost difference, most people cannot be expected to pay more for environmentally friendly services. In this case, policy encouragement and guidance are still essential. The company that we invested in back then for PLA biodegradable plastics, founded by the chairman of Shijiazhuang Pharmaceutical Factory and his team. At that time, it was the largest biodegradable plastics company in terms of production scale in Asia. Shijiazhuang Pharmaceutical Factory was originally the largest producer of fermentation-based pharmaceuticals in China. PLA production required a large amount of fermentation technology, so this team was very experienced. Although there was already a ban on free plastic bags in supermarkets in China at that time, it was not being enforced. PLA became a hot topic again last year. According to the company's production scale of several hundred tons, it fully qualifies for listing now, but at that time, it could only be acquired because not enough people were willing to pay for slightly more expensive biodegradable plastics. If we talk about energy-related projects, many of them involve heavy assets and have long time horizons. However, today, we can classify technologies favorable to "Zero-Carbon" as green technology, including smart grids, smart power plants, which are more like the software, systems, or platform companies we used to invest in. The investment cycle is not that long. Including the field of home energy storage that we are currently exploring, especially products going abroad, their income has grown very rapidly in the past few years. These projects do not necessarily require a long cycle. Of course, there are tracks that require long-term investment, such as hydrogen energy. We cannot predict when it will be commercialized, but until controlled nuclear fusion is achieved, hydrogen energy is the most promising clean energy. Therefore, investment in this area is necessary. CCV's Green Technology Investment Strategy Firstly, our investment strategy emphasizes selecting projects that we can understand. In other words, we avoid venturing into areas where our team lacks expertise, especially in projects involving a lot of chemical theory and molecular material technologies where our team's technical capabilities still need improvement. Secondly, some tracks in the green technology sector are already very mature, such as batteries and related supply chains, which currently offer many opportunities. However, our team still prefers early-stage investments, seeking areas that are not yet flourishing and have not reached high valuations. Overall, we hope the companies we invest in can rapidly solve problems and achieve commercialization, positively impacting our daily lives. Our investment strategy will primarily focus on these areas: Combining Greentech with Fintech/Platform: We are particularly interested in carbon capture technology, carbon trading, and climate fintech. Climate fintech is an interesting technology that combines with carbon trading, using blockchain and other technologies to manage carbon trading systems. We believe China has a greater advantage in this regard compared to other countries. Combining Greentech with Smart Technology: Our main focus is on clean technology, especially in niche areas like smart electric vehicles. Existing investments also provide many opportunities for further exploration. Combining Greentech with the Supply Chain: We place a strong emphasis on smart grids, smart power plants, energy efficiency, energy storage, and hydrogen. We believe that these niche areas will solve most problems in the near term. Smart grids and smart power plants are similar to the system integration software companies we invested in previously. The field of home energy storage is also easy to understand for us, given our experience in the battery sector. In the fields of home energy storage and smart grids, how can small entrepreneurial teams cope if large enterprises like Huawei or Tencent enter the market? This is an eternal question; giants will always exist. However, the advantage of entrepreneurial teams lies in being more sensitive to user needs and providing better products ahead of time. So, I have always emphasized that in the 20-30 years of China's entrepreneurial investment history, the advantage accumulated by entrepreneurs is not in a specific technology but rather in the competitive environment of the dark forest, forcing these founders to provide users with needs they haven't realized themselves and make products more intelligent, with no learning curve for users. Big companies generally do not do this well. Of course, companies like Tencent still have strong entrepreneurial vitality, but we have also seen numerous vertical areas where entrepreneurial teams ultimately achieve more success, such as autonomous driving. We have always had a criterion, which is that we hope the companies we invest in can survive independently without relying on any government subsidies or policy dividends. Although policy advantages are helpful now, we hope that the value and profits provided by the companies themselves can enable them to survive. Secondly, we hope that the projects we invest in offer universally applicable products with value in any country. They should not only serve as imports replacements in China but also compete with other competitors abroad, providing users with another choice. We repeatedly emphasize that the companies we invest in cannot only produce products for China; they must be capable of going global. How does the ESG philosophy affect decision-making in CCV's target selection process? Firstly, from KPCB to CCV, we have already ingrained ESG in our bones, and we consciously practice it when selecting investment directions. From a negative exclusion perspective, projects related to tobacco, alcohol (including e-cigarettes), and environmental pollution are never touched by us, even if they are profitable; this is our bottom line. Secondly, many projects we have invested in over the years, including robot-related projects, are already powered by new energy, including the aforementioned city cleaning robots, electric trucks, and smart warehousing. Thirdly, the projects we have invested in for Chinese companies going global are also in the ESG track, such as distributed energy systems. The users of these products are, on the one hand, in underdeveloped countries where energy supply is very unstable, and the originally backward energy system will generate a large amount of carbon emissions. The cost advantage of Chinese products brings them affordable clean energy. On the other hand, there are European and American countries with very old electrical grid infrastructure, and completely improving infrastructure requires a lot of time and cost. Therefore, we also have space to enter the market. In general, we consider green factors in every investment project. Extreme Climate, Future World I recently returned from Silicon Valley. In Silicon Valley, there are several types of green technology startups now. One type focuses on carbon trading, and there's a new wave of enthusiasm for carbon trading platforms. There was a period of hype for carbon trading from 2005 to 2007, and now, with many countries discussing carbon taxes and trading, it has become a hot topic again. Carbon trading combined with Web3 is one direction, but whether carbon trading platforms are eventually developed by private enterprises or governments still needs observation because the platform requires universal acceptance. Another type involves cutting-edge technologies. Commercialization for such entrepreneurial projects may be slower, such as carbon capture. We've also seen a technology from scientists with a high chance of winning the Nobel Prize. They manipulate and customize special materials at the molecular level, which can be used to adsorb various substances. For example, when thrown into water, it can selectively adsorb harmful substances in the water like a sponge, or it can adsorb carbon dioxide in the air. The third type consists of companies helping build a global green supply chain. There's a batch of companies working on this, with many being Chinese overseas. China is a crucial part of the global green product supply chain, and a significant portion of components for new energy products come from China, including solar and wind energy. These companies integrate production processes with China's supply chain. They may utilize the Chinese supply chain for supply and then deliver products, or collaborate with Chinese companies to produce customized products for a certain brand. This is a direction we are particularly concerned about. We still hope the projects we invest in are related to China because it is our area of expertise. In fact, there are currently many entrepreneurs in this field in China, especially in the East and South China regions. In the past, when we invested in internet companies, founding teams were usually returnees with a more international style. However, entrepreneurs in the field of green technology now not only understand overseas markets well but must also be grounded in managing production and local supply chains. They should possess both pragmatic and outgoing characteristics. These entrepreneurial companies are a bit like DJI (drone manufacturer) back in the day. They have been working diligently for many years, and when the opportunity arises, they can immediately seize it, combining new product concepts to provide what the market needs. Our investment focus is what I call "go smart," meaning intelligence or unmanned systems. Our definition is that anything involving the replacement of human work through the combination of autonomous driving, AI, and robotics is considered smart. One phased goal is to invest in a company within the next 10 years that can develop robots capable of taking care of the daily lives of the elderly in nursing homes. The aging issue is a common concern now. Why is elder care so expensive? Because it requires a large amount of manual labor, and service personnel need to be very patient and physically strong for tasks like bathing the elderly. If robots can replace this part of the work, it would be a phased achievement, leading to significant changes in our lives. There are also applications of AI in the medical field, such as the medical imaging diagnosis technology we have already invested in, which can greatly reduce misdiagnosis, and future applications may expand into more areas. I believe AI can replace a large number of tedious and complex tasks, allowing humans to allocate more resources to more creative endeavors. Another direction is green transformation. Everyone has seen the extreme climate conditions in recent years, and climate change is unquestionable. If we don't take action now, the world ten years from now is unimaginable. This is an urgent matter. As everyone knows, when the concentration of carbon dioxide in the global atmosphere reaches a certain level, global warming may enter an irreversible state, leading to an era of climate disasters. We cannot scientifically predict when this will happen, but everyone may see some trends in the climate conditions this year. What everyone can do is try their best to do what they can within their capabilities. In the long run, the ultimate solution to global warming is a fundamental change in the energy source, such as a breakthrough in controlled nuclear fusion or the large-scale success of carbon capture technology. It is difficult to completely change the current way of life for the masses, and ultimately, breakthroughs in technology are needed. Media EnquiryJing Wujwu@ccvcap.com
Green Technology
請先登入後才能發佈新聞。
還不是會員嗎？立即 加入台灣產經新聞網會員 ，使用免費新聞發佈服務。 （服務項目） （投稿規範）
