On June 10, 2025, PCG Power's Strategic Branding Upgrade Press Conference was held in Shanghai. With the theme “PCG Navigates, New Chapter Begins”, the event gathered hundreds of representatives from across the new energy industry ecosystem to witness a significant milestone: PCG Power Technology Co., Ltd. (Hangzhou) officially rebranded as PCG Power Development Co., Ltd. (Hangzhou). With this pivotal transformation, PCG Power now embarks on a new chapter of green development with an upgraded brand image and strategic blueprint.

Shi Feng, Deputy District Mayor of Qiantang District

Creating the Optimal Ecosystem to Propel the Growth of Leading New Energy Enterprises

At the press conference, Shi Feng, Deputy District Mayor of Qiantang District, Hangzhou, delivered a speech, commending the company's achievements and outlining the government's supporting policies. “Qiantang District is the core hub of Hangzhou's manufacturing sector,” Shi noted. “Last year, our total industrial output value surpassed RMB 370 billion, accounting for 20% of the city's total. Leveraging the advantages of platforms such as national-level economic development zones and high-tech zones, we are committed to building a robust new energy ecosystem.”

He highlighted PCG Power's rapid grow since its establishment in 2022 and its strategic relocation to Qiantang District at the end of 2024, with expectations for record-breaking grid-connected capacity in 2025. “The government empowers enterprises through diverse means such as equity investment and scenario-driven applications,” he added. “This mutual trust and shared success are the defining feature of the business environment in Qiantang District.” Shi affirmed the district's ongoing commitment to providing the most comprehensive industrial ecosystem, the most supportive policy, and the most efficient government services, working hand in hand with new energy enterprises to explore the vast blue ocean of the industry.

Pang Bo, General Manager of PCG Power

A Three-Year Leap: Breakthrough Growth From Zero to Over 1GW

At the event, Pang Bo, General Manager of PCG Power, took the stage with an unconventional “startup talk show,” guiding attendees through the company's remarkable journey of development.

“In 2022, our founding team made the decision to start our venture in a café of 6 m² in Nanshan,” Pang recalled, delivering his story with humor and sincerity. He shared how the team powered through over a hundred investor roadshows to ultimately win the favor of both domestic and international capital.

According to Pang Bo, PCG Power has achieved extraordinary milestones in just three years:

▶ Raised RMB 1.5 billion in cumulative financing—set a funding record in the new energy sector that year

▶ Expanded from a founding team to a professional workforce of nearly 300 employees, with six major domestic operation centers

▶ Developed over 1GW of power station assets, serving more than 300 leading enterprises including Siemens and Midea

▶ Successfully expanded into more than 10 overseas markets

“A safe harbor is not the purpose of building a ship,” Pang concluded by paraphrasing a famous quote from Lu Xun. “May China's new energy sector break free from the bottlenecks of grid access and fully embrace electricity trading. Those who chase the light will eventually shine brilliantly!” His passionate speech earned him prolonged applause from the audience.

Tian Dayong, President & COO

Four Strategic Elevations Spur Growth Momentum

Tian Dayong, President and Chief Operating Officer, systematically introduced PCG Power's evolving ecosystem, sharing in-depth insights into four key dimensions of strategic elevation: Model Elevation, Service Elevation, Technology Elevation, and Talent Elevation.

PCG Power has elevated itself to become an industry-leading investment management and operation service provider for next-generation power systems. It is recognized globally as a top-tier investor and operator of industrial and commercial distributed clean energy power stations. Empowered by technology and innovation, PCG Power integrates local resources and technological advantages, with strategic focuses on the Yangtze River Delta, the Pearl River Delta, and the Beijing-Tianjin-Hebei region, while actively tapping into new energy demand in the international markets. The company has successfully entered over 10 overseas strategic markets, including New Zealand, Indonesia, Oman, Saudi Arabia, Singapore, and Japan, redefining the most sought-after asset types in the global market.

At a key moment in the event when the PCG Power leadership embedded a cube symbolizing “Ecology–Technology–Globalization” into a hexagonal installation, the new brand image and slogan “Converge green energy like trickling streams, PCG illuminates thousand beams.” were unveiled in full brilliance, marking the official launch of PCG Power's renewed brand vision!

Immersive Launch Unveils Brand Philosophy

The event venue was designed around the visual transition from “cube to hexagon,” embodying the company's brand evolution and immersive storytelling. Three major experience scenarios were featured:

Brand Core Zone: A panoramic LED environment that brings the audience face-to-face with PCG Power's new brand essence.

Time Post Office: An interactive installation that records participants' aspirations for a zero-carbon future, inviting them to embark on a journey towards a brilliant energy vision.

System Display Wall: A dynamic visual presentation of PCG Power's global project deployment and technological solutions.

As the tri-colored cube symbolizing “Ecology, Technology, and Global Reach” merged seamlessly with the hexagonal energy field, the immersive brand narrative resonated deeply with participants. More than a presentation, it heralded the rebirth of an innovation-driven energy ecosystem powered by PCG Power.

About PCG Power

PCG Power is an industry-leading investment management and operation service provider for next-generation power systems. It is recognized globally as a top-tier investor and operator of industrial and commercial distributed clean energy power stations. In 2024, PCG Power surpassed 1GW in grid-connected capacity.

The company is committed to delivering cost-effective, intelligent, and reliable one-stop green energy solutions for enterprises, industrial parks, and cities. Centered around the investment and construction of new energy photovoltaic-storage power stations, PCG Power provides a full-spectrum value chain that integrates power asset operations, comprehensive energy services, electricity trading, carbon asset management, and technological innovation in energy IoT. With six major operation centers in Hangzhou, Guangzhou, Shanghai, Beijing, Suzhou, and Xi'an, PCG Power has established a nationwide asset development and management network, serving over 100 cities across China. The company has expanded its overseas business into the Middle East, Southeast Asia, Oceania, and beyond, actively tapping into high-potential new energy markets worldwide.