Industrial Securities: Rapid Growth in Computing Power Demand Reshapes Data Center Energy Systems

Industrial Securities Research Report of Industrial Securities Research Report states that the demand for computing power is growing rapidly, and the energy system of data centers is undergoing a restructuring. The demand for artificial intelligence training and inference is growing rapidly, driving the accelerated advancement of computing power infrastructure construction, and data center electricity demand continues to rise. Industry estimates show that China’s data center electricity consumption is expected to increase from 82.4 billion kWh in 2019 to approximately 370 billion kWh in 2028, with its share of total social electricity use continuing to rise. Computing power places three core requirements on electricity supply: stable, green, and low-cost. However, there are certain contradictions between the traditional power system and the absorption of new energy and power regulation, and the data center energy supply model is undergoing profound changes. With the continued expansion of computing power infrastructure, data centers are gradually shifting from a single electricity load to an important, adjustable power demand-side resource.