State Grid Corporation of China

State Grid Corporation of China is one of China's largest state-owned enterprises and a major player in the country's energy infrastructure. As 暗涌Waves categorized it in 2023, State Grid sits alongside Southern Power Grid, Three Gorges Green Energy, and Sinopec as a leading **industry investor** in the new-energy sector, deploying capital alongside its core grid operations . Its reach extends deep into the venture-backed startup ecosystem: portfolio companies across multiple funds name State Grid as a marquee enterprise customer, spanning cloud-testing platform Testin , data-intelligence firm Deepexi , warehouse-robotics maker Hai Robotics , no-code SaaS provider Buddy , and CAE simulation-software developer Yuansuan Technology . State Grid has also advanced into frontier energy technology, commissioning China's first 35-kilometer kilometer-scale high-temperature superconducting cable demonstration project in Shanghai's Xujiahui district in late 2021 . In macro debates about China's innovation model, economist Adam Tooze has pointed to State Grid as the kind of state-backed institution one would naturally turn to for building ultra-high-voltage grids—a scale of capital deployment that dwarfs venture capital .