LONDON, Aug. 4, 2026 /PRNewswire/ — Shanghai ZOE Energy Storage (ZOE) and global clean energy leader Octopus Energy signed a Strategic Cooperation Memorandum of Understanding (MOU) on July 10, 2026 at Octopus Energy’s UK headquarters. The two parties will integrate local industrial resources with cutting-edge international digital energy technologies. They agree to establish a comprehensive co-operation agreement, with a shared ambition to explore a joint venture in China to build a smart energy and virtual power plant (VPP) ecosystem tailored to the domestic market, setting a new benchmark for Sino-foreign energy digital cooperation.

ZOE Energy Storage is a benchmark VPP service provider in China, holding operational VPP licenses in multiple provinces and has established a provincial-level directly dispatched VPP. ZOE offers end-to-end capabilities covering investment, construction, trading, and operations, building deep local competitive moats through its ecosystem partnerships.

Octopus Energy operates across 27 countries, serving 11 million households and managing £7 billion in renewable energy assets, covering PV, storage, heat pumps, and cross-border VPPs. The company has developed proprietary, field-proven AI forecasting, dynamic pricing, and cloud-edge coordinated dispatch systems—its core algorithms having been validated across multiple markets—giving it mastery over the foundational technologies for global VPP operations.

This partnership achieves deep complementary advantages: ZOE will be responsible for domestic VPP business development, integrated hardware & software deployment, compliant operational management, and localized product services; Octopus Energy will contribute its core algorithms and global operational expertise, adapt technologies to Chinese regulations and driving continuous optimization. A joint working group will conduct feasibility studies, compliance assessments, and commercial planning to advance their comprehensive partnership.

The proposed platform will integrate resources from commercial and industrial users, industrial parks, distributed PV, energy storage, and EV charging infrastructure, to build a one-stop intelligent VPP operation system adapted to domestic grid rules. Through fine-grained dispatch, it will enhance returns on distributed assets, smooth renewable fluctuations, and underpin new-type power systems.

Both parties stated that this cooperation marks a strategically significant milestone in cross-border energy technology innovation and synergistic transformation. Looking ahead, they will continue to deepen partnership through co-innovation and market expansion, unlocking distributed energy value with digital technologies, blending international expertise with local practice, and advancing China’s dual-carbon goals while leading the smart energy industry upgrade.

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GUANGZHOU, China and SINGAPORE, Aug. 4, 2026 /PRNewswire/ — PCG Global, a clean energy platform focused on renewable energy infrastructure, has announced the closing of its Pre-Series A financing round, led by GenZero, a wholly owned Temasek platform focused on accelerating decarbonisation globally.

The company was founded in Singapore by the team behind PCG Power, one of China’s leading distributed energy operators, with more than 2GW of operational assets. PCG Global draws on this track record to replicate a full-cycle “development–construction–operation–asset securitisation–reinvestment” model across international markets. It currently has approximately 1.8GW of projects in various stages of development, spanning distributed solar, utility-scale plants, behind-the-meter storage and smart energy management, with a full-lifecycle offering from financing and development through to operations and carbon management.

Proceeds from PCG Global’s first external capital raise will be deployed to accelerate project origination and execution across Southeast Asia, Oceania and the Middle East, where net-zero commitments and rising power demand are driving rapid growth for renewables. The company already has its first operational project in Indonesia and is advancing utility-scale opportunities in the region.

Li Wenxuan, Chairman and CEO of PCG Power, said: “This round reflects institutional confidence in our ability to translate proven distributed energy capabilities into high-quality outcomes beyond China. We look forward to delivering lasting impact across our target markets.”

Kimberly Tan, Head of Investments at GenZero, said: “The PCG team has demonstrated strong capabilities across capital management, project development and operational execution. We believe they are well-positioned to expand globally, particularly in regions with significant demand for clean and resilient energy infrastructure.”

Headquartered in Singapore, PCG Global operates under independent governance with dozens of professionals and development teams spanning its target markets.

About PCG Global

PCG Global is a Singapore-headquartered clean energy platform focused on the investment, development and operation of renewable energy infrastructure across international markets. The company delivers integrated energy solutions spanning solar generation, energy storage and smart energy management, with a full-lifecycle approach from project financing through to carbon asset management.

About GenZero

GenZero is an investment platform company focused on accelerating decarbonisation globally. Founded by Temasek, it seeks to deliver positive climate impact alongside long-term sustainable financial returns by investing in scalable solutions.

Media Contacts:

PCG Global – Public Relations: pr@pcgglobal.com  GenZero – Michelle Tan: michelletan@genzero.co  

View original content:https://www.prnewswire.com/apac/news-releases/pcg-global-closes-pre-series-a-to-capture-southeast-asias-fast-growing-power-demand-302842067.html

SOURCE PCG Global

GUANGZHOU, China and SINGAPORE, Aug. 4, 2026 /PRNewswire/ — PCG Global, a clean energy platform focused on renewable energy infrastructure, has announced the closing of its Pre-Series A financing round, led by GenZero, a wholly owned Temasek platform focused on accelerating decarbonisation globally.

The company was founded in Singapore by the team behind PCG Power, one of China’s leading distributed energy operators, with more than 2GW of operational assets. PCG Global draws on this track record to replicate a full-cycle “development–construction–operation–asset securitisation–reinvestment” model across international markets. It currently has approximately 1.8GW of projects in various stages of development, spanning distributed solar, utility-scale plants, behind-the-meter storage and smart energy management, with a full-lifecycle offering from financing and development through to operations and carbon management.

Proceeds from PCG Global’s first external capital raise will be deployed to accelerate project origination and execution across Southeast Asia, Oceania and the Middle East, where net-zero commitments and rising power demand are driving rapid growth for renewables. The company already has its first operational project in Indonesia and is advancing utility-scale opportunities in the region.

Li Wenxuan, Chairman and CEO of PCG Power, said: “This round reflects institutional confidence in our ability to translate proven distributed energy capabilities into high-quality outcomes beyond China. We look forward to delivering lasting impact across our target markets.”

Kimberly Tan, Head of Investments at GenZero, said: “The PCG team has demonstrated strong capabilities across capital management, project development and operational execution. We believe they are well-positioned to expand globally, particularly in regions with significant demand for clean and resilient energy infrastructure.”

Headquartered in Singapore, PCG Global operates under independent governance with dozens of professionals and development teams spanning its target markets.

About PCG Global

PCG Global is a Singapore-headquartered clean energy platform focused on the investment, development and operation of renewable energy infrastructure across international markets. The company delivers integrated energy solutions spanning solar generation, energy storage and smart energy management, with a full-lifecycle approach from project financing through to carbon asset management.

About GenZero

GenZero is an investment platform company focused on accelerating decarbonisation globally. Founded by Temasek, it seeks to deliver positive climate impact alongside long-term sustainable financial returns by investing in scalable solutions.

Media Contacts:

PCG Global – Public Relations: pr@pcgglobal.com  GenZero – Michelle Tan: michelletan@genzero.co  

View original content:https://www.prnewswire.com/apac/news-releases/pcg-global-closes-pre-series-a-to-tap-into-oceanias-accelerating-renewable-capacity-expansion-302842127.html

SOURCE PCG Global