Tianfeng Securities: The "computing and energy collaboration" policy is generally favorable for industry leaders and helps open a second growth curve for new energy business.

Tianfeng Securities research reports indicate that the surge in artificial intelligence computing power demand has sparked significant market concern over the electricity load for data centers. Driven by policy incentives, this week’s new energy infrastructure sector has seen a noticeable increase in attention. Policy benefits favor companies with the capacity to invest in and operate related new energy projects. In terms of impact, we believe that the “computing and electricity collaboration” policy is generally favorable for leading companies, helping to open a second growth curve for new energy business. If policy dividends continue to be released and new industry models such as direct connection to green electricity accelerate their implementation, it is expected to drive sustained growth in the attention toward the new energy infrastructure sector.