GCL Energy Tech merges blockchain with green asset digitization

GCL Energy Technology Co Ltd, a frontrunner in China's renewable energy sector, showcased its innovative fusion of blockchain technology and green asset digitization at the recently concluded "RWA REAL UP Summit 2025".

Hosted by Ant Group's digital arm Antchain, the Dubai event convened global investors, Web3 innovators, and energy leaders to explore blockchain solutions for real-world asset (RWA) tokenization.

Chen Shen, general manager of GCL Energy Tech's Capital Management Department, announced the company's milestone collaboration with Antchain in December 2024 to launch China's first photovoltaic (PV)-asset-backed RWA project, valued at over 200 million yuan ($27.6 million).

This initiative transforms operational solar farms into blockchain-verified digital tokens, enabling seamless cross-border investment in China's green infrastructure.

"The marriage of clean energy and Web3 is revolutionizing carbon markets and green finance," Chen said.

"The company aims to deepen collaborations with global partners to develop tokenized energy products and carbon credit tools, aligning with international climate agendas."

zhengxin@chinadaily.com.cn