China Southern Power Grid Peak and Frequency Modulation (Guangdong) Energy Storage Technology announced that it will receive CNY 600,000,000 in a round of funding on November 10, 2022. The transaction will include participation from returning investor China Southern Power Grid Peak and Frequency Modulation Power Generation Co., Ltd., with associated parent China Southern Power Grid Energy Storage Co., Ltd. The transaction has been approved in the company's general manager's office meeting and does not need the approvals of the company's directorate and shareholders. The registered capital of the company has increased from CNY 99,900,000 to CNY 699,900,000.