Huiye (Fujian) Electric Power Co., Ltd. completed a Series A financing of 30 million yuan.

36Kr learned that Huiye (Fujian) Electric Power Co., Ltd. announced the completion of a Series A financing of 30 million yuan. The financing funds will be mainly invested in the R & D of a new - generation distribution network automation system. By combining artificial intelligence and big - data technologies, it aims to improve the efficiency of power grid fault prediction and operation and maintenance. The company plans to launch intelligent monitoring solutions suitable for emerging scenarios such as far - reaching offshore wind power and flexible DC power transmission, so as to support Fujian Province's strategy of "large - scale development of far - reaching offshore wind power".