Green Power Explosion! Computing Hub Green Power Direct Connection - Concept Overview

On March 24th, the concept of green electricity opened high and continued to rise, triggering a surge in limit-up trades. By the close, the sector surged 4.75%, ranking among the top concept sectors. In individual stocks, more than ten stocks such as Energy-saving Wind Power, Yabo Co., Yue Electric Power A, Jinkai New Energy, and Huayin Electric Power hit the daily limit.

In terms of news, Liu Liehong, Director of the National Data Bureau, stated at the China Development High-Level Forum 2026 Annual Meeting on March 23rd that the next step will be to work with relevant departments to vigorously promote the computing and electricity coordination project, ensuring that the proportion of green electricity used in new computing power facilities at key nodes exceeds 80%, maximizing the supporting role of green electricity.

In fact, as early as October 2024, the National Data Bureau, together with relevant departments, organized pilot projects in key nodes such as Beijing-Tianjin-Hebei, Yangtze River Delta, Inner Mongolia, and in regions rich in clean energy like Qinghai and Xinjiang, focusing on direct green electricity supply, multi-source complementarity, and source-load interaction to explore the computing-electricity coordination model.

Currently, China has established eight major national hub nodes in Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao, Chengdu-Chongqing, Guizhou, Inner Mongolia, Gansu, and Ningxia, developing ten data center clusters including Zhangjiakou, Yangtze River Delta, Wuhu, Shaoguan, Tianfu, Chongqing, Horinger, Gui’an, Qingyang, and Zhongwei. By the end of 2025, China’s total intelligent computing capacity will reach 1.59 million PFlops, with the eight major national hubs (including the ten clusters) having built an intelligent computing scale of 1.388 million PFlops, accounting for over 80% of the national total.

Guosheng Securities stated that direct green electricity connection directly reduces electricity costs and locks in long-term energy prices. Under the policy requirement that the proportion of green electricity in new data centers at national hub nodes exceeds 80% and may continue to increase, the method of obtaining green electricity has become part of the data center business model. Profitability analysis of data center projects can no longer stay within traditional frameworks but must include electricity supply structure, trading capacity, green electricity ratio, and peak-shaving capabilities. Green electricity direct connection is the most economical mode and has the greatest impact on project returns, especially suitable for western regions such as Ningxia, Inner Mongolia, Gansu, and Qinghai, which are rich in wind and solar resources and have lower land and electricity costs.

(Source: Oriental Fortune Research Center)