GC China Turbine Corp. is a manufacturer of 2-blade wind turbines located in Wuhan City of Hubei Province, China. The Company was founded in 2006 as an offshoot of Guoce New Technology Co. (“Guoce NewTech”), a leading technology provider to the Chinese Utility Industry.
Guoce NewTech has a long history as a preferred provider to the Utilities Industry in China. It is a producer of hydraulic systems and electronic control systems that enjoy dominant market share of approximately 40% in the hydro-electric generation industry.
A majority of Guoce NewTech’s shareholders founded GC China Turbine Corp. as part of a strategy of expanding their product offerings in an organization that closely parallels their current business. The Company sought to license and develop a groundbreaking technology in the wind power turbine manufacturing sector that would have a high likelihood of meeting rigorous requirements for low manufacturing cost and high operating reliability.
GC China Turbine Corp. identified a 2-Bladed Wind Turbine Technology that was developed through a 10 year research project costing over $75 million US. The Company's launch product is a 1.0MW Utility Scale Turbine with research and development in progress towards the creation of both 2.0MW and 3.0MW turbines as an opportunity for future growth into new segments of the industry.
Strategy
The Company is developing a track record and brand-awareness. It intends to continue focusing on the attractive Chinese Market while developing new products for a wide range of customers.
Mission
The Company aims to provide wind energy at a price comparable to traditional generation projects.
GC China Turbine Corp. intends to achieve its mission by identifying promising technologies and then minimizing cost by sourcing the majority or all components from within China.
Overview of Guoce Science and Technology
Guoce NewTech (GC-Nordic) was formed by Guoce Science and Technology which assembled the Core Management team, gave initial strategic guidance and supplied necessary start-up resources.
Guoce Science and Technology’s main businesses include the technical R&D, production, sales, and system engineering services of power testing instrument, computer-based monitoring system for hydropower station, hydropower governor, hydropower station excitation, DC system, substation automation, power dispatching automation, network monitoring, cluster server, and computer storage technology.
The company has an excellent reputation in the industry, its businesses covering the entire power industrial chain with products ranging from power generation, power transmission to every sector of power utilization. With the complete product framework, it aims to hold a leading position in the industry for a long time.
GC China Turbine Corp.’ relationship with Guoce Science and Technology has many benefits:
- Access to Engineering Prowess
- Access to established technology in the turbine control arena
- Access to the utility industry in China as it has large market share for their products
- Credibility within the Utility Industry due to long-standing relationships and operating history