Announced
Completed
Financials
Sources
Tags
China
Venture Capital
Friendly
energy storage
Renewable Energy Equipment
Domestic
Minority
Private Equity
Private
Acquisition
Single Bidder
Completed
Synopsis
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.
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