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Yingji Power completed Series A financing to drive low-carbon energy transformation with digital intelligence models

Release time:2024-09-14click:0
According to news on November 1, Yingji Power recently completed tens of millions in Series A financing. This round of financing was led by Shandong Luxin Venture Capital, with participation from funds under Zhejiang University Holding Group, and Changzhou High-tech Investment continued to increase capital. The company previously received tens of millions of Pre-A investments from Yunqi Venture Capital Fund in 2019. The funds raised in this round will be mainly used for product innovation and research and development, accelerating market expansion, and building a cooperation ecosystem.
Founded in 2014, Yingji Power is a high-tech enterprise incubated by Changzhou Industrial Technology Research Institute of Zhejiang University. It is committed to supporting the national "carbon peaking and carbon neutrality" strategy with digital innovation. , build a digital twin model of the energy system based on the industrial Internet, use artificial intelligence technology to develop an "energy system brain", and give energy systems in cities, parks, factories, and buildings the intelligent capabilities of self-perception, self-analysis, self-decision-making, and self-regulation to achieve The low-carbon energy system maintains a balanced supply and demand and operates autonomously in an orderly and coordinated manner.
Yingji Power has proposed a smart energy technology route of "making predictions based on models and making decisions based on predictions", and independently developed the viHeating® series of smart heating "source-grid-load-storage" "Full-process simulation analysis and independent optimization and control products, viExergy® integrated energy system simulation and decision-making optimization products, etc. The next-generation information technology such as Internet of Things sensing, modeling and simulation, machine learning, and real-time optimization is used to solve the problem of autonomous optimization and dispatch control of low-carbon urban energy systems. The core results have been recognized by the Chinese Society of Electrical Engineering as reaching the "internationally leading" technical level. Currently, it has more than 20 invention patents and 4 provincial and ministerial awards. The project covers more than 700 million square meters of civil heating area and more than 3,000 kilometers of industrial steam pipe network. viHeating® series products have been successfully used in more than 20 key cities such as Beijing, Shanghai, Zhengzhou, Jinan, Tianjin, Nanjing, Shenyang, Hangzhou, and Wuxi.
Yingji Power CEO Shi Wei said: "The complexity of low-carbon energy system regulation exceeds the level that the human brain can analyze and optimize. We must rely on the intelligence of information systems to assist or replace human intelligence. , to build a smart energy system that operates independently and optimally. Combined with this financing, we will further strengthen our research and development capabilities and expand the market, facing the "dual carbon strategy" goal, and shouldering the responsibility of digital intelligent model-driven low-carbon transformation of the energy system. "
Xu Xiaodong, general manager of Luxin Venture Capital’s New Beiyang Fund, said: “The “dual carbon strategy” is a major task related to the country’s sustainable development. Yingji Power has unique capabilities in the digital management of energy systems.With an excellent team, excellent concepts, solid technology, and pioneering and leading engineering application cases, we believe that the team will make outstanding contributions to the national carbon neutrality and carbon neutrality cause in its vertical professional fields. "
Shao Mingguo, deputy general manager of Zhejiang University Holding Group, said: "With the advancement of the innovation-driven development strategy, Zhejiang University Holding Group is focusing on technological innovation in accordance with the requirements of the Zhejiang Provincial Party Committee, Provincial Government and Zhejiang University. The main business is to actively bring together the innovation elements of Zhejiang University and Zhejiang Province and strive to create a high-energy science and technology innovation platform. Yingji Power is a successful case of Zhejiang University’s industry-university-research cooperation. Zhejiang University Holding Group will effectively integrate and link Zhejiang University, local governments and Zhejiang Province in accordance with the requirements of Zhejiang University’s “1+4+1” scientific research and achievement transformation industrialization system construction requirements. The resources of state-owned enterprises will continue to provide strong support in the transformation and industrialization of scientific and technological achievements, and investment in scientific and technological innovation. "
After this round of financing, Yingji Power will continue to promote product innovation and research and development, accelerate market development, and actively expand a smart energy ecosystem for win-win cooperation. At the same time as this round of financing, Changzhou Yingji Power will Ji Dynamic Technology Co., Ltd. has completed the main merger with Hangzhou Yingji Power Technology Co., Ltd., and the headquarters of Yingji Power has officially moved into Hangzhou Future Technology City.
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