News In Brief May 9- i2Cool Funding, Risen Energy Financials

Radiative Cooling Solutions Firm i2Cool Attracts HKD100 Million in Series A Financing 

i2Cool, a company specializing in electricity-free cooling technology, has attracted nearly HKD100 million (USD13.8 million) in its Series A round financing from Trustar Capital (the private equity investment business under CITIC Capital Holdings Limited), Future Times Technology Holding Company Limited, The Hong Kong and China Gas Company Limited, along with investors from earlier funding rounds. The committed capital in this round will be used to advance i2Cool’s R&D of new technologies, expand its product portfolio, and accelerate its push into global markets.

Risen Energy Reports 2023 Results- Revenues Up 20% At $4.87 billion

Chinese module seller Risen Energy has reported its 2023 numbers, recording 35.33 billion RMB ($4.87 billion) in revenues, an increase of 20.22% year-on-year. The company’s net profit after deducting non-recurring profits or losses increased to 1.58 billion RMB ($218 million) in 2023, representing a 55.77% year-over-year increase. During the year 2023, company set a new record efficiency rate of 23.9% for its heterojunction hyper-ion (HJT) modules, with projected production capacity of 21 GW by 2024.