Green Power and CPO Concepts at Stake! Multiple Core Targets Disclose Latest Business Progress

Last week (March 9 to 15), ongoing conflicts in the Middle East continued to impact global energy prices, which fluctuated and rose. Capital markets were also deeply affected, with keywords like price increases, energy substitution, and computing power collaboration becoming central to trading discussions.

In terms of market performance, China’s three major stock indices showed mixed results last week: the Shanghai Composite Index fell by 0.70%, the Shenzhen Component Index rose by 0.76%, and the ChiNext Index rebounded sharply, increasing by 2.51% for the week. Sector-wise, wind power, coal, batteries, photovoltaics, and chemicals led gains, while military, oil services, and precious metals pulled back. Concept sectors such as coal chemical industry, energy storage, green electricity, CPO, solid-state batteries, and carbon fiber also saw significant gains.

The implementation of the “Computing Power and Electricity Collaboration” policy and the launch of nationwide cross-regional green electricity trading have opened up new opportunities for green energy consumption and valuation. Huatai Securities noted that “computing and electricity collaboration” elevates green electricity from an energy supplement to a fundamental infrastructure need for computing power. The requirement that over 80% of green electricity in new data centers at national hub nodes must come from renewable sources could unlock industry growth potential.

According to incomplete statistics, several listed companies responded to questions about green electricity on interactive platforms last week:

On March 13, Panjiang Coal and Electricity Co., Ltd. (Panjiang Shares) stated that Guizhou Province is one of the eight major hubs for the “East Data West Computing” project. As an energy-focused listed company in Guizhou, the company attaches great importance to and actively seizes the strategic opportunities brought by national computing network construction, exploring integrated development paths of computing and electricity collaboration and green energy empowerment.

Panjiang Shares indicated that the company is closely monitoring provincial plans for the computing industry, power supporting policies, and market-oriented trading policies. Leveraging its energy resources, it is focusing on renewable energy projects such as the Anshun photovoltaic base to explore feasible ways to provide stable, green, and low-carbon power for data centers.

Green Power Co., Ltd. (Green Power) on March 9 (Monday) announced that it has established eight regional subsidiaries in Gansu, Qinghai, Xinjiang, and other areas, equipped with professional energy marketing teams. The company mainly targets high-energy-consuming enterprises like data centers to facilitate more green electricity transactions. Additionally, it has set up a Northwest Green Power Delivery Working Group to promote green energy absorption.

The company also revealed ongoing engagement with some data centers to explore green electricity trading and other cooperation opportunities. “Based on core business needs and aiming to improve investment returns, the company will develop integrated ‘New Energy+’ businesses such as computing and electricity collaboration, continuously enriching its development models.”

Huazhi Technology stated that its products—including energy storage, PCS, EMS, and intelligent distribution—work efficiently together. Through integrated source-grid-load-storage control, they enable direct green electricity supply, dynamic dispatching, and peak shaving, ensuring stable and reliable operation of data centers. The company claims to offer distributed new energy, energy storage, and intelligent distribution integrated solutions for data centers, with related businesses continuously expanding.

With the 2026 Optical Fiber Communication Conference and Exhibition (OFC) approaching, along with NVIDIA’s GTC conference and the recent large order for 1.6T optical modules by AOI, AI computing power is experiencing explosive growth, accelerating the deployment of CPO technology routes. Guosheng Securities predicts that GTC will be a key milestone for CPO commercialization, with NVIDIA’s CPO switch matrix expected to be showcased, driving demand for core components like optical engines.

According to incomplete statistics, several listed companies responded to questions about CPO on interactive platforms last week:

On March 13, Unigroup (Tsinghua Unigroup) announced that its CPO silicon photonic switch products are now capable of mass production and commercial delivery. They have completed technical validation and deployment with internet service providers. As the intelligent computing industry rapidly develops and related technologies are deployed at scale, demand for these products is expected to grow quickly.

Leyard (Liyard) stated last Thursday on the platform that in the optical communication field, the company has collaborated with the Chinese Academy of Sciences on R&D and has supplied Micro LED optical modules to replace traditional optical transmission solutions. These solutions are still in the R&D validation stage, with some uncertainties. “The company will closely monitor industry trends and actively promote related R&D projects.”

Tongfu Microelectronics said that by 2025, it has made breakthrough progress in the technology of optoelectronic hybrid packaging (CPO), with related products passing preliminary reliability tests. Future developments will depend on customer and market demand.