- Business
- GCL Energy Technology Co., Ltd. (002015.SZ) develops and operates clean energy projects and provides integrated energy services in China. The company offers gas turbine cogeneration, solar power, wind power, biomass power, coal-fired cogeneration, and waste-to-energy generation; electricity, steam, heat, cold, and related energy products for power grids, cities, and industrial and commercial users; digital energy solutions including photovoltaic-storage-charging-computing-inspection integration, virtual power plants, household energy systems, and energy storage; battery swapping and replacement services for electric vehicles; computing power services through AI clusters and energy data centers; distribution network operations, power trading, and cloud platforms; as well as technical consulting, logistics, technology research and development, investment management, agriculture, energy-saving promotion, fund management, and coal wholesale. GCL Energy Technology operates primarily in China with expansion into international markets such as Indonesia and focuses on industrial, commercial, and residential customers in the renewable energy and smart energy sectors. Founded in 1992 and headquartered in Suzhou, Jiangsu Province, the company functions as a subsidiary of GCL Group Holdings Limited. Recent developments include a December 2024 strategic partnership with Ant Digital Technologies for new power systems, green finance, AI applications in energy forecasting and optimization, joint construction of distributed photovoltaic and energy storage assets, and the launch of China's first blockchain-based real-world asset (RWA) project tokenizing over RMB 200 million in residential solar assets using blockchain and IoT technologies; a February 2025 acquisition of a partnership fund for RMB 10 million to support restructuring; and October 2025 agreements via subsidiary GCL Intelligent Energy (Suzhou) with Indonesia's PLN IP for two 100MW solar projects (Banyuwangi ground-mounted and Gajah Mungkur floating) to advance renewable energy under the Hijaunesia plan, alongside plans for further collaboration in photovoltaics, waste-to-energy, wind, and storage. As of September 2024, the company's total installed capacity reaches 5,976 megawatts, with renewables comprising 57.81%.