Changzhou to Build China's First City-Level Clean-Power Token Factory
In Changzhou, located in the eastern part of Jiangsu province, plans have been announced to set up China's first city-level factory for clean-power tokens. This facility aims to produce a staggering 60 trillion tokens annually, supporting the country’s goals for AI-enhanced clean energy. The project intends to improve energy efficiency by connecting directly to renewable sources, following a national policy that allows green energy to bypass traditional public grids. This method is expected to increase token output by 62.5% without needing more computing power, thus enhancing both efficiency and economic viability. An agreement was signed on Saturday involving seven parties, including Alibaba Cloud and Wangsu Science and Technology. No timeline for completion has been provided.
Key facts
- Changzhou is building China's first city-level clean-power token factory.
- The facility is expected to produce 60 trillion tokens annually.
- The project supports China's AI clean-power ambitions.
- The facility will connect directly to renewable energy plants under a national policy.
- Token output is projected to rise 62.5% using the same computing power.
- The agreement was signed on Saturday.
- Seven parties are involved, including Alibaba Cloud and Wangsu Science and Technology.
- Alibaba Cloud is owned by Alibaba Group Holding, which also owns the South China Morning Post.
Entities
Institutions
- Alibaba Cloud
- Wangsu Science and Technology
- Alibaba Group Holding
- South China Morning Post
Locations
- Changzhou
- Jiangsu
- China