# Kaishan Holding Group Kaishan Holding Group is a Corporate Investor based in Quzhou, China. ## Overview - **Organization type:** Corporate Investor - **Headquarters:** Quzhou, China - **Region:** Asia - **Address:** Quzhou, Zhejiang, China - **Founded:** 1956 - **Assets under management:** Undisclosed - **Website:** kaishangroup.com - **LinkedIn:** https://www.linkedin.com/company/kaishan-group ## Regulatory record - **Reports private funds:** No ## About Kaishan Holding Group traces its roots to a compressor factory founded in Quzhou, Zhejiang in 1956. Cao Kejian, who has served as Chairman and General Manager throughout its modern history, progressively privatized the entity, emerging as the controlling shareholder. Cao also holds vice presidential roles in the Zhejiang Chamber of Commerce Shanghai and the compressor section of the China General Machinery Industry Association, embedding the firm within China's industrial policy networks. The group's core industrial business manufactures air compressors, refrigeration compressors, and screw expanders — the latter forming the technological bridge to its power-generation activities. Kaishan's most distinctive deployment lies in owning and operating geothermal power plants directly: the Sokoria project in Indonesia's East Nusa Tenggara region, the Sorik Marapi facility in North Sumatra, a plant in Tura, Hungary, three geothermal sites in Nevada, and two in California. In Kenya, the firm holds exploration licenses in the Suswa and Magadi areas and has developed the Sosian Menengai power plant. This vertically integrated posture — manufacturing the equipment and then operating the asset — is uncommon among industrial firms, blurring the line between equipment supplier and independent power producer. Kaishan maintains a North American manufacturing base in Loxley, Alabama, supplementing its primary Quzhou production complex. The firm's organizational structure reveals a blend of industrial operating companies and project-level special-purpose entities; its geothermal assets are held across multiple jurisdictions, often via local subsidiaries formed with host-country partners. This allows Kaishan to access development-finance programs and power-purchase agreements while retaining operational control. The structural differentiator is vertical integration taken to the power-purchase-agreement level. Where peers like Atlas Copco or Ingersoll Rand remain equipment-focused, Kaishan competes directly with dedicated geothermal developers such as Ormat Technologies — but with a manufacturing cost structure and proprietary turbine technology that a pure-play developer cannot replicate. ## Sectors - Industrial Tech - Energy Transition & Renewables - Infrastructure ## Offices - Loxley, Alabama, USA ## People - Cao Kejian — Chairman and General Manager ## Questions ### Who controls Kaishan Holding Group, and what is its ownership structure? Cao Kejian is the founder, Chairman, General Manager, and primary controlling shareholder. The group operates as a privately held corporate investor rather than a family office, with its wealth generation rooted in industrial manufacturing. While specific ownership percentages are not publicly disclosed, Cao's consistent leadership since the firm's transformation from a state-owned entity confirms his controlling position. ### How does Kaishan's geothermal business differ from a typical equipment manufacturer? Kaishan manufactures its own screw expanders and compressors but then deploys them in power plants that the group itself owns and operates. This means Kaishan captures revenue from electricity sales under long-term power-purchase agreements rather than solely from equipment sales. The model creates a recurring revenue stream and positions the firm as a direct competitor to pure-play geothermal developers, with a cost advantage in turbine procurement. ### Where are Kaishan's geothermal assets located? Kaishan's geothermal portfolio spans four continents. In Indonesia, the firm operates the Sokoria and Sorik Marapi projects. In Kenya, it holds exploration licenses in Suswa and Magadi and has developed the Sosian Menengai plant. European operations include the Turawell plant in Hungary. In the United States, Kaishan operates or holds development rights for projects in Loxley (Alabama), Bottle Rock (California), and three Nevada sites: Whitegrass, Star Peak, and Fish Lake. ### What investment stages or project phases does Kaishan typically target? Kaishan targets greenfield geothermal development, exploration-stage licensing, and brownfield plant rehabilitation. The group enters at the exploration license or construction phase and retains long-term operational control. This contrasts with investors who acquire operational plants, as Kaishan's value add lies in deploying proprietary equipment during construction and capturing the resulting operational efficiency gains. ## Related profiles - [Kaiser Wealth Management](https://altss.com/profile/kaiser-wealth-management) - [Kaiyo Wealth](https://altss.com/profile/kaiyo-wealth) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/kaishan-holding-group Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology