PCG Power was recently listed on Hurun China Renewable Energy Companies with Potential 2024 for its strong renewable energy asset creation capabilities and industry-leading development and operational expertise after several rounds of screening and rigorous review by the Hurun Research Institute. PCG Power also distinguished itself as the youngest enterprise to receive this honor.

Since its establishment, PCG Power has maintained an unwavering focus on investing in distributed power stations as a provider of renewable energy system solutions for its long-term development. Through professional and refined operations, the company delivers comprehensive and high-quality green energy and carbon reduction services to business and commercial owners. Since May 2022, PCG Power has received funding of approximately RMB 1.5 billion via four rounds, establishing a record for the largest amount of industrial capital investment received in the shortest time since its establishment.

The Hurun China Renewable Energy Companies with Potential 2024 targets non-listed enterprises established after 2000 and valued from RMB 1 to 15 billion that demonstrate the greatest development potential in China's renewable energy field.

This list's data primarily derive from publicly available information released by enterprises and industrial institutionswith valuations of listed companies based on the latest financing rounds as of May 31, 2024.

In addition, all the enterprises surveyed come from four fields of the renewable energy industry chain. They are energy development (solar energy, wind energy, hydrogen energy, nuclear energy, etc.), energy storage (lithium batteries, battery materials, energy storage equipment, charging equipment, etc.), energy conversion and transmission (power transmission and transformation equipment, power distribution equipment, etc.), and energy application scenarios (new energy vehicles, LED, etc.).

The listed enterprises were required to generate more than 50% of their business from renewable energy-related activities. During the survey, the Hurun Research Institute conducted on-site visits to key enterprises with industry experts to gain firsthand operational insights, with a view to advancing industry development.