On 25 January, Towngas Smart Energy’s parent company The Hong Kong and China Gas Company Limited joined IDG Capital in announcing the launch of China’s first Zero-carbon Technology Investment Fund, with a scale of RMB 10 billion, initially RMB 5 billion in the first phase of fund raising. At the same time, both parties announced a full strategic partnership in zero-carbon innovations, utilising Towngas Smart Energy’s strength in scene empowerment to explore zero-carbon innovations and solutions together. The investment will focus on zero-carbon related technologies like solar energy, wind energy, powered battery, energy reserve, smart energy grid, hydrogen energy, carbon exchange and management projects.