New business models in the green energy industry are expected to emerge

Securities Daily Reporter Wu Yixuan

According to data from Eastmoney Choice, the market value of the green electricity sector in A-shares has generally risen over the past month.

Experts interviewed generally believe that China’s green electricity industry is gradually entering a mature development stage. In the future, the integration of green electricity with computing power, energy storage, and industrial consumption will deepen further, and the industry will shift from merely competing on installed capacity to focusing more on consumption utilization, business model innovation, and industry chain collaboration.

Expected to Welcome Another Golden Period

Green electricity refers to power generated using renewable energy sources such as solar, wind, hydropower, and biomass, characterized by low carbon emissions, cleanliness, and sustainability.

In recent years, under the guidance of the “dual carbon” goals, China’s green electricity industry has achieved leapfrog development in scale. Data from the National Energy Administration shows that by 2025, the newly installed capacity for renewable energy generation nationwide will reach 452 million kilowatts, a year-on-year increase of 21%, accounting for 83% of the new installed power capacity in the country.

Industry insiders believe that with the arrival of the AI era, China’s green electricity industry is expected to usher in a new round of golden development. A research report released by Huachuang Securities indicates that with the explosive growth of AI-driven computing power demand, the proportion of electricity costs in the total operating expenses of data centers may continue to rise, and the low electricity price advantage of green electricity provides an effective way to reduce costs for data centers.

“Computing centers are not only the core facilities for AI but also major electricity consumers,” said Gao Chengyuan, Chairman and CEO of Tiaoyuan Consulting, in an interview with Securities Daily. “The end of AI is electricity, and the end of electricity is green electricity. The explosion of AI computing power will drive the green electricity industry to transition from traditional public utilities to digital energy infrastructure.”

Listed Companies Strengthen Layout

As the green electricity industry grows, diverse new demands and new tracks have also emerged. To seize development opportunities, listed companies in the green electricity industry are accelerating their layouts, promoting new business models such as direct connection of green electricity, collaborative computing power and electricity, integrated source-grid-load-storage, and energy trading.

In terms of direct connection of green electricity, in January this year, Harbin Jiuzhou Group Co., Ltd. stated on the investor interaction platform that the company has already built some direct connection projects for green electricity, and several other projects are in the application process. The company fully masters technologies and solutions related to direct connection of renewable energy green electricity such as wind and solar power and biomass and plans to increase investment in the development of direct connection projects under conditions where project returns and risks are controllable.

Regarding collaborative computing power and electricity, in 2025, Zhejiang Weiming Environmental Protection Co., Ltd. signed the “Strategic Cooperation Framework Agreement for the Development of the Artificial Intelligence Industry” and the “Strategic Cooperation Agreement” with the People’s Government of Longwan District, Wenzhou City, and China Mobile Wenzhou Branch, aiming to explore a business model for the collaborative construction of an intelligent computing center for waste incineration power generation projects, creating a benchmark project of “green electricity + computing power” with demonstration significance.

“The emergence of integrated new tracks can both enhance the efficiency of green electricity consumption and utilization and give rise to more sustainable business models, sending a positive signal of energy transition towards deeper development,” Gao Chengyuan stated.

An institutional person interviewed by Securities Daily expressed that listed companies actively laying out new industry tracks aim to seize new demands to provide new profit growth points for listed companies; on the other hand, with capital strength and resource integration capabilities, listed companies can quickly transform cutting-edge technologies into viable commercial projects, which is beneficial for the high-quality development of the green electricity industry.