Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The synergy between computing power and electricity is an inherent requirement for development in the new era, driven by the need for low-carbon transformation and the construction of a new power system [13][27] - The report outlines six key measures to promote the high-quality development of computing power and electricity synergy, emphasizing the importance of policy support, standardization, industrial collaboration, and market mechanisms [6][54] Summary by Sections 1. Synergy of Computing Power and Electricity as an Inherent Requirement - Computing power is a new productive force in the digital economy, significantly impacting economic and social development [13] - The synergy is essential for providing sufficient low-carbon electricity to meet the growing demand for computing power and supports the construction of a new power system [13][27] 2. Connotation, Elements, and Development Stages of Computing Power and Electricity Synergy - The synergy involves optimizing the integration of computing and electricity systems, focusing on lifecycle management and innovative technologies [31][32] - The development stages include initial exploration, starting development, deep collaboration, and comprehensive integration [38][44] 3. Challenges Facing the Development of Computing Power and Electricity Synergy - The rapid growth of computing power demand and energy consumption poses pressure on local power grids [45] - There is a mismatch between high standards for power supply and the low load operation of computing centers [48] - The supply of green electricity is insufficient, and challenges exist for computing companies to participate in green electricity trading [50][53] 4. Key Measures for the Development of Computing Power and Electricity Synergy - Source-load interaction is crucial for balancing renewable energy consumption [56] - Storage-load interaction can enhance the reliability and economic efficiency of computing centers [62] - The establishment of a fair and efficient market environment is necessary for promoting synergy [54]