国泰海通｜公用事业：算电协同新高度，电企选股新思路

Group 1 - The electric power sector has seen an increase, with the concept of computing and electricity synergy expanding from small-cap green power companies to small-cap thermal power companies, and now to some large-cap thermal power companies. There are potential investment opportunities in national and local thermal power company leaders [1] - OpenClaw, a model with high energy consumption, may provide new growth points for electricity. It has two deployment types: cloud and local, with the former consuming 0.15 kWh per hour and the latter consuming 12 kWh if operating at full power for the same duration [1] - The Southern Power Grid has a carbon-electricity-computing synergy capacity of 6000 racks, with a total computing scale of 33,000 nodes and an intelligent computing scale exceeding 3000 PFLOPS, achieving 100% cloud system rate [1] Group 2 - The Anhui province has set strict requirements for green electricity direct connection projects, mandating that self-generated renewable energy must account for at least 60% of total available power and at least 30% of total electricity consumption, with a target of 35% by 2030 [2] - In the first two months of the year, the total electricity consumption in society reached 1654.6 billion kWh, a year-on-year increase of 6.1%. Industrial electricity consumption increased by 6.4%, while high-tech and equipment manufacturing saw an increase of 10.6% [3] - The National Energy Administration plans to select cities for hydrogen energy application trials, aiming for a reduction in hydrogen prices to below 25 yuan per kilogram by 2030, with a target of doubling the number of fuel cell vehicles by 2025 [3] Group 3 - In Shandong, the 2026 renewable energy mechanism electricity price results were announced, with wind power priced at 0.31 yuan/kWh, solar power at 0.261 yuan/kWh, and deep-sea wind at 0.38 yuan/kWh, showing an increase from the previous year's prices [4]