Terminus Group, the global smart services and AIoT solutions provider, has recently signed a comprehensive strategic cooperation agreement with State Power Investment Group Jiangxi Electric Power(SPIC Jiangxi Electric Power) to establish a joint venture. The two sides will leverage their industrial advantages in the fields of energy, digitalization, and finance and promote the sustainable smart and digital upgrading of the traditional energy industry. The two parties will jointly invest and develop new energy businesses such as hydrogen energy, PV, wind power, port power exchange, railway transportation optical storage and energy conservation, utilizing capital methods to jointly identify high return projects and make effective investments, and accelerate the optimization of the energy structure. At the same time, the joint venture will also introduce AGI technologies such as LLMs to the energy industry, contributing to the digital upgrading of the nation's energy production system.
ZHU Xiaoping (front right), Chief Accountant of SPIC Jiangxi Electric Power, and WANG Lei (front left), Senior Vice President of Terminus Group, signed a strategic cooperation agreement on behalf of both sides. XU Guosheng (second from right in the back), Chairman of SPIC Jiangxi Electric Power, LIU Jingshan (first from right in the back), Director and General Manager of SPIC Jiangxi Electric Power, Victor AI (second from left in the back), Founder and CEO of Terminus Group, witnessed the signing of the cooperation agreement.
ZHU Xiaoping, Chief Accountant of SPIC Jiangxi Electric Power, and WANG Lei, Senior Vice President of Terminus Group, signed a strategic cooperation agreement on behalf of both sides. XU Guosheng, Chairman of SPIC Jiangxi Electric Power, LIU Jingshan, Director and General Manager of SPIC Jiangxi Electric Power, Victor AI, Founder and CEO of Terminus Group, witnessed the signing of the cooperation agreement.
Strong alliances and complementary advantages in the fields of energy and technology
State Power Investment Corporation Limited (SPIC) is one of the nation's five power generation groups, with businesses covering centralized power and heat generation, consumer-side integrated smart energy, green power to X, power-related and supporting segments, and asset-light businesses. SPIC owns all generation types including PV, wind, nuclear, hydro, coal, gas and biomass, with PV power capacity ranking 1st in the world. Ranking 260th among the Fortune Global 500, SPIC is committed to become a world-class clean energy enterprise with global competitiveness.
Representatives of Terminus Group and SPIC Jiangxi Electric Power holding a discussion meeting
At the signing ceremony, XU Guosheng, Chairman of SPIC Jiangxi Electric Power, highly praised Terminus Group's practice in the energy field. In his view, the comprehensive construction of a modern and new energy system is the foundation for scientifically promoting the transformation of energy structure. In terms of energy production, it is particularly necessary to take AI, digitalization and other emerging digital technologies as the starting point to build a clean, low-carbon, safe and efficient energy production system.
XU Guosheng, Chairman of SPIC Jiangxi Electric Power, speaking at the signing ceremony
XU Guosheng sees the cooperation between the two parties as a strong alliance with complementary advantages, and looks forward to promoting the smart and digital upgrading of the nation's energy production system together with the joint efforts. In his perspective, SPIC Jiangxi Electric Power has profound technology advantages and industry knowledge in the energy field. As a leading enterprise of the smart industry, Terminus Group has cutting-edged AI technology R&D capabilities and rich experience in green and low-carbon smart city construction. The cooperation between the two sides will for sure promote the intelligentization of the nation's power generation system.
Under the common vision of carbon neutrality, the new energy industry has ushered in a window period of rapid development. The energy industry is a capital intensive and technology intensive foundational industry, which requires continuous capital investment - from the exploration and application of new energy to the innovation and upgrading of new technology. This has also become the pain point of the energy industry.
LIU Jingshan, Director and General Manager of SPIC Jiangxi Electric Power, speaking at the signing ceremony
LIU Jingshan, Director and General Manager of SPIC Jiangxi Electric Power, believes the advantages and breakthroughs of SPIC Jiangxi Electric Power in the power industry are not only reflected in its comprehensive accumulation in power technology, products, and management, but also in its grasp of the future development trend of energy. The visionary industry role played by Terminus Group in the financial sector will help promote the digital, smart and low-carbon transformation of the energy system, and build a modern energy industry system that is resource-saving and environmentally friendly. The two sides will jointly seek effective energy projects from the perspective of technology and energy, and invest through joint ventures.
Terminus Group "touching" electricity, will expand and develop electric and distribution business
The newly established joint venture's business will cover fields such as the digitalization of traditional energy, the development of new energy, and energy storage. Based on Terminus Group's LLMs and GPT product portfolio, the joint venture will lead the smart renovation and upgrading of thermal power, hydropower, wind power, PV plants that have already been built and will be built in the future. At the same time, relying on the ecosystem network of SPIC Jiangxi Electric Power and Terminus Group, the joint venture will invest in the development of new business model based on technological and business innovation (including emerging industries such as hydrogen energy, energy storage, port power exchange, airports, railway transportation optical storage and energy conservation).
Victor AI, Founder and CEO of Terminus Group, speaking at the signing ceremony
Victor AI, Founder and CEO of Terminus Group believes that the integration of smart technology and the energy industry is key to the overall transformation of the national energy structure and has brought a new motivation to the traditional energy enterprises.
Victor further pointed out that using AIoT technology to promote the smart upgrading of the energy industry is one of the long-term strategies of Terminus Group. Through this cooperation, the company's R&D capabilities can be extended from the distribution and consumption ends of the power industry to the generation end. In the future, the joint venture company will further improve its full-stack AIoT solutions, and strive to provide comprehensive LLMs and XGPT infrastructure for the industry.
Energy asset capitalization, and capital securitization
One of the cooperation directions between Terminus Group and SPIC Jiangxi Electric Power is to introduce investment entities to optimize the equity structure of energy projects and reduce equity financing costs based on their advantages in the energy industry, technology industry, and finance. The joint venture will invest in traditional and emerging energy industries, assisting in the capitalization and securitization of the energy asset, and thereby enhance the comprehensive competitiveness of the both sides and ensure the rapid growth of the entire energy industry.
On the other hand, since the beginning of this year, LLMs represented by ChatGPT has developed rapidly. How to effectively utilize LLMs to accelerate the smart and digital upgrading of the energy system has become the focus of the technology and the energy industry.
Terminus Group has long practiced leveraging innovative technologies to tackle real world challenges. Up until this point, Terminus Group has initiated the development of an LLM and XGPT product portfolio for AIoT scenarios. The company's LLM product portfolio consists of a basic ubiquitous model and five vertical domain models. Unlike other large model products in the industry, the LLMs created by Terminus Group pay particular attention to the empowering role of AGI technology in sub sectors such as urban energy, safety, health, and more. This will undoubtedly unleash the great possibilities of smart cities.