On September 20, Silicon Valley-based innovation platform and incubator Plug and Play launched its first energy and sustainability project batch in China during its annual fall summit in Shanghai.

Prior to this debut in China, Plug and Play has accelerated over 50 energy projects from their Bay Area headquarters via cooperation and mentorship with industry leaders including ExxonMobil and Siemens. The entrance to China’s energy sector is largely due to China’s increasing emphasis on the environmentally friendly utilities and energy efficiency.

Plug and Play highlighted “supply-side reform,” a term Beijing adopted to refer to adjustment of economic growth structure which weighs quality more than speed and scale. The energy projects’ incubation models in China, as announced during the conference, is set as a tri-sector connection which connects startups with both government and commercial enterprises. The approach reflects global players’ increasing awareness of localization and subtle relationship with governance bodies.

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Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com