# Envision Group (远景科技)
Envision Group (远景科技) is a Chinese green-technology company founded by entrepreneur Zhang Lei in Jiangyin, spanning wind turbines, batteries, green hydrogen, and energy software. It operates through subsidiaries including [Envision Energy](https://www.edgepedia.org/envision-energy), Envision AESC (远景动力), and Envision Digital.
## Key facts
| Fact | Detail |
| --- | --- |
| Founded | Jiangyin, China, by Zhang Lei[1](https://irving-piano.technologyreview.com/2025/10/06/1124294/2025-climate-tech-companies-to-watch-envision-energy-smart-wind-turbines/) |
| Businesses | Smart wind turbines, storage, and green hydrogen (Envision Energy); power batteries and BESS (Envision AESC); AIoT software (Envision Digital)[2](https://www.gic.com.sg/uploads/2021/11/GIC_Envision-Press-Release.pdf) |
| Largest confirmed financing | Over US$1 billion from Sequoia Capital, GIC, and Primavera Capital, announced 1 November 2021 at COP26[2](https://www.gic.com.sg/uploads/2021/11/GIC_Envision-Press-Release.pdf) |
| Wind market position | Second-biggest wind turbine maker globally in 2024, per BloombergNEF data[1](https://irving-piano.technologyreview.com/2025/10/06/1124294/2025-climate-tech-companies-to-watch-envision-energy-smart-wind-turbines/) |
| Company-claimed scale | Over 100GW of installed wind capacity and over 50GWh of delivered energy-storage orders[3](https://www.envisioncn.com/about) |
| Battery entry | Acquired and established AESC to make power batteries and battery energy storage systems[4](https://www.envision-group.com/milestone) |
## History and founding
Zhang Lei started Envision in Jiangyin as a wind turbine manufacturer. The company later broadened into what MIT Technology Review describes as an ambition to become an "operating system" for the clean-energy transition, covering power generation, storage, and fuel production.[1](https://irving-piano.technologyreview.com/2025/10/06/1124294/2025-climate-tech-companies-to-watch-envision-energy-smart-wind-turbines/) The sources reviewed do not describe Zhang Lei's education or career before founding the company.
A structural turning point came when Envision acquired and established AESC, focusing it on the research, design, manufacturing, and sale of power batteries and battery energy storage systems.[4](https://www.envision-group.com/milestone)
The group's flagship site is in Ordos, Inner Mongolia. MIT Technology Review reports that the facility took years to develop and received hundreds of millions of dollars of government investment.[1](https://irving-piano.technologyreview.com/2025/10/06/1124294/2025-climate-tech-companies-to-watch-envision-energy-smart-wind-turbines/)
## Businesses: wind, batteries, hydrogen and software
The group's components, as described in the investment announcement by co-investor GIC, are: Envision Energy, which designs, sells, and operates smart wind turbines and smart storage systems; [Envision AESC](https://www.edgepedia.org/envision-aesc), which makes AIoT-powered batteries; and Envision Digital, which GIC described as the world's largest AIoT operating system. The group has also owned a [Formula E](https://www.edgepedia.org/formula-e) racing operation (Envision Virgin Racing at the time of the 2021 announcement).[2](https://www.gic.com.sg/uploads/2021/11/GIC_Envision-Press-Release.pdf) Envision Energy's own description covers three sectors: smart wind turbines, energy storage, and green hydrogen solutions, alongside management of the Envision-Hongshan Carbon-Neutral Fund and ownership of Envision Racing, winner of the 2023 Formula E Teams' Championship.[5](https://www.envision-group.com/en/index.html)
The company's self-reported scale is substantial: global installed wind capacity above 100GW and cumulative delivered energy-storage orders above 50GWh.[3](https://www.envisioncn.com/about)
## Funding and investors
The best-documented financing is the 1 November 2021 investment of over US$1 billion by [Sequoia Capital](https://www.edgepedia.org/sequoia-capital), GIC Private Ltd, and Primavera Capital, announced at the start of COP26 in Glasgow and described in the co-investors' press release as one of the largest net-zero investments to date.[2](https://www.gic.com.sg/uploads/2021/11/GIC_Envision-Press-Release.pdf) The release does not disclose the valuation.
Baidu Baike, a user-edited encyclopedia, reports that in October 2025 Primavera Capital announced a strategic investment of over US$600 million in Envision Energy and AESC. This figure appears only in that unverified source; no independent report or filing is cited, so it should be treated as unconfirmed.[6](https://baike.baidu.com/en/item/Envision%20Technology%20Group%20Co.%2C%20Ltd./4446436) The same source gives 2023 revenue of about 69 billion yuan for the core operating entity and a combined 2023 valuation of the three main subsidiaries above 150 billion yuan; these numbers likewise rest on no independent evidence and are not adopted here.
## Market position
Two rankings sit in tension. BloombergNEF data cited by MIT Technology Review put Envision as the second-biggest wind turbine maker globally in 2024, on an installations basis.[1](https://irving-piano.technologyreview.com/2025/10/06/1124294/2025-climate-tech-companies-to-watch-envision-energy-smart-wind-turbines/) The company itself claims it has ranked No.1 in global wind turbine orders for four consecutive years, with international orders exceeding 10GW again.[4](https://www.envision-group.com/milestone) Both can hold simultaneously because they measure different things (orders versus installations, over different periods), but readers should note which claim comes from the company and which from third-party data. A like-for-like comparison with Goldwind, Mingyang, and Vestas in specific years is not established by the sources reviewed.
## Recent developments
Post-2023 milestones, mainly company-reported, include the production start of AESC's battery gigafactory in Douai, France,[4](https://www.envision-group.com/milestone) and the launch of the 320,000-ton first phase of what the company calls the world's largest green hydrogen-ammonia project, a planned 1.52-million-ton facility in Chifeng, Inner Mongolia.[4](https://www.envision-group.com/milestone) In 2025 Envision planned to begin operating what it claims will be the world's largest green hydrogen bunkering facility for ships.[1](https://irving-piano.technologyreview.com/2025/10/06/1124294/2025-climate-tech-companies-to-watch-envision-energy-smart-wind-turbines/) The company also reports launching an AI Energy System in [Abu Dhabi](https://www.edgepedia.org/abu-dhabi).[4](https://www.envision-group.com/milestone)
Expansion abroad carries friction: as a Chinese company, Envision's overseas projects face local-content rules, national-security reviews, and sensitivities around control of critical infrastructure in the US and EU.[1](https://irving-piano.technologyreview.com/2025/10/06/1124294/2025-climate-tech-companies-to-watch-envision-energy-smart-wind-turbines/) Reported IPO plans for Envision Energy or AESC are not settled by the sources reviewed; no filing is documented.
## References
1. 2025 Climate Tech Companies to Watch: Envision Energy and its 'smart' wind turbines. MIT Technology Review. https://irving-piano.technologyreview.com/2025/10/06/1124294/2025-climate-tech-companies-to-watch-envision-energy-smart-wind-turbines/
2. Sequoia Capital, GIC, Primavera Capital Explore Net Zero Economy through USD$1 Billion Investment In Envision. https://www.gic.com.sg/uploads/2021/11/GIC_Envision-Press-Release.pdf
3. Envision – About. https://www.envisioncn.com/about
4. Envision – Milestone. https://www.envision-group.com/milestone
5. About us – Envision. https://www.envision-group.com/en/index.html
6. Envision Technology Group Co., Ltd. Baidu Baike (user-edited, unverified). https://baike.baidu.com/en/item/Envision%20Technology%20Group%20Co.%2C%20Ltd./4446436
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*Topic: Encyclopedia › Technology and the built world › Energy technology › Batteries and energy storage › Battery and cell manufacturers*
*Initially written Sep 17, 2026 · Reviewed: Sep 18, 2026; Sep 19, 2026 · Edited: Sep 18, 2026; Oct 11, 2026; Oct 15, 2026 · Last review: Sep 19, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license