Not allowing the global economic slowdown to slow its investing, Intel Corp's venture capital arm is putting its green toward green tech and has announced two commitments to China-based cleantech start-ups.

The moves include a $20 million investment in Trony Solar Holdings Co Ltd, a Chinese thin-film solar energy and solution provider. Intel Capital also signed an agreement, subject to various closing conditions, to invest in NP Holdings Limited (NPH), a technology company focused on massive electricity storage systems. Intel did not detail its investment plans in NPH.

The commitments are Intel’s first two cleantech investments in China.

“These investments demonstrate Intel Capital’s ongoing commitment to investing around the globe and its strategic focus on cleantech,” said Arvind Sodhani, president of Intel Capital and executive VP of Intel, in a statement. “Clean technologies are transforming our world and the landscape of entrepreneurship.”

Trony will use the investment to enhance its production capacity to 105 megawatts and to strengthen its research and development capabilities. With growing R&D capacities, advanced application of technologies, and low-cost volume manufacturing in Shenzhen, Trony offers a diverse range of products for various energy-related applications such as solar farms in the utility industry and building materials for the construction industry, Intel said.

“China’s renewable energy industry is experiencing rapid development,” said Cadol Cheung, managing director of Intel Capital Asia Pacific, in the statement. “We believe these investments will be a catalyst to drive local cleantech innovation and help China toward the transition to a more sustainable energy system as well as economic growth.”

Intel also signed an agreement to invest in Viewhigh, a software product and service provider for China’s healthcare industry. Viewhigh focuses on healthcare business management, ranging from hospital operation and management to government supervision and financial management of healthcare institutions, Intel said.

The investments come after Intel in April established its $500 million Intel Capital China Technology Fund II.  The first Intel Capital China Technology Fund was $200 million and has been taken advantage of by more than 30 Chinese companies.

By: DocMemory
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