On July 26, NewLink Intelligent Maintenance, a subsidiary of NaaS (NASDAQ:NAAS) cooperated with Diandian Cloud Intelligent Technology Co., Ltd. (hereinafter referred to as Diandian Cloud), a subsidiary of Risen Energy Co., Ltd. (300118.SZ) (hereinafter referred to as Risen Energy). The cooperation gives full play to NewLink Intelligent Maintenance’s smart O&M and strength of Diandian Cloud in product, technology and user development. Nanning and Hechi in Guangxi have been selected as the first area for the promotion of rural household PV projects, so as to allow rural residence to enjoy PV power benefits while contributing to the organic integration of environmental protection and rural vitalization.

In recent years, China has issued a number of policies to support, encourage and promote the development of household PV. According to the National Energy Administration, in Q1 2023, the total capacity of household PV increased by 8.919GW - 35.3% of the total increased installed capacity in 2022, marking the highest level in the same period. China features vast rural areas with low population density. Idle roofs and abundant land resources in rural areas present great opportunities for PV stations. According to statistics, there are about 50 million idle roofs in China’s rural areas available for household PV, with a possible capacity of 1,000GW.

Ma Kangyou, regional director of Risen Energy in Guangxi, said that: “Driven by the national strategies of ‘rural vitalization’ and ‘carbon neutrality and carbon peaking’, clean energy including PV power will play an increasingly important role in future energy transformation. The promotion of the development of rural distributed PV has long been Risen Energy’s business focus. In the cooperation, Risen Energy will provide one-stop energy solutions and accelerate the green transformation of energy with NaaS’ solid technical experience in new energy and rich industry resources.”

Xu Dong, general manager of NewLink Intelligent Maintenance, said: “As an important application scenario of new energy, household PV is embracing its booming development and fuel the market with more amazing opportunities. NaaS will give full play to its leading strengths in technology development, project management and intelligent maintenance, and jointly promote the application of distributed household PV in rural areas with Risen Energy, contributing to the construction of more green villages.”

As an enterprise listed at the ChiNext of Shenzhen Stock Exchange, Risen Energy is a world-leading PV module manufacturer focusing on the R&D of PV connection and power generation system, PV independent power supply system, solar cells and modules, with business covering Germany, Australia, Mexico, the United States, Japan and other countries worldwide. According to its financial report, in 2022, Risen Energy achieved an operating revenue of RMB 29.38 billion. Diandian Cloud, a wholly-owned subsidiary of Risen Energy, is a whole-life-cycle solution provider for PV station. It provides customers with services including equipment monitoring, defect management, data analysis, fault warning, and power station O&M based on advanced technologies such as IoT, big data and AI.

NaaS is China's first public EV charging stock. The company provides one-stop industry chain service package from charging station siting consulting, software/hardware procurement, EPC, O&M, energy storage, PV, virtual power plant and autonomous charging robot. As of March 31, 2023, NaaS' charging service network had connected 55,000 charging stations and 575,000 chargers. The charging volume in the first quarter was 1.023 billion kWh, representing 21% of the public charging volume in China. NewLink Intelligent Maintenance, a subsidiary of NaaS, focuses on the O&M services in new energy. With its digital and intelligent O&M solutions, the company provides one-stop whole-life-cycle EPC construction service for charging stations and online and offline managed O&M and operational services to help charging stations upgrade the operation and management.

As another crucial step in PV in 2023, in June, NaaS took over Sinopower Holding (Hong Kong) Co., Limited (SINOPOWER HK), a leading solar PV energy asset operator in Hong Kong, starting its business in the construction and operation of distributed solar power stations and EV charging service in Hong Kong.

The development of NaaS has attracted the attention of all parties in the capital market. In May, NaaS wound up a new round of SPO, with Dr. Adrian Cheng, rich third generation of the Cheng Yu-Tung Family of Hong Kong, and CST Group (00985.HK) as its new strategic investors. In July, Wang Yang, Founder and CEO of NaaS was included in the 2023 Fortune 40 Under 40.