China Ministry of Finance and Cinda Kunpeng led a $141m Series A round in ZhongChuGuoNeng.

China Ministry of Finance and Cinda Kunpeng, an investment management firm, led a $141m Series A round in ZhongChuGuoNeng, a developer of compressed air energy storage technology intended to provide power. ZhongChuGuoNeng is mainly engage in developing compressed air energy storage technology, providing business users with more energy storage efficiency for their energy storage system, enabling clients to promote clean-tech industry.