Huatai Securities: In the era of AI inference, joint scheduling of computing power and electricity is expected to become an important topic after breaking through the chip bottleneck.

Mars Finance news: A research report from Huatai Securities states that since 2025, “direct connections between green electricity” policies have been rolling out frequently, and in 2026, “compute-and-power coordination” was even included for the first time in the government work report, rising to the strategic level of national new infrastructure. The market generally believes that compute-and-power coordination is concept-driven speculation, but Huatai Securities argues that this is an opportunity in the AI era for green electricity to be revalued after breaking away from the traditional notion of “waste power.” Although the direct connection of green electricity may not have a very large market share in the short term, user demand fundamentally reflects the market value of renewable energy. In the AI inference era, joint dispatch of computing power and electricity is expected to become an important proposition after overcoming the chip bottleneck. Huatai Securities believes that actively exploring “renewables +” with green electricity is an important way to solve the curtailment and utilization problem, as well as an innovative breakthrough for enhancing the value of wind and solar power plants; empowering China’s AI competitiveness with electricity is not only a fusion at the level of infrastructure, but also a two-way adjustment through coordinated optimization of “compute-and-power.” It recommends undervalued high-quality renewable energy targets, including wind, solar, and waste incineration.