Tech Giants Make New Moves Amid AI "Power Shortage" Multiple Concept Stocks Gain Leverage Fund Additions(List)

Invest in stocks with Golden Kylin Analyst Reports—authoritative, professional, timely, comprehensive—helping you uncover potential thematic opportunities!

North America’s “Grid Utilization Alliance” is here to solve the AI power shortage problem.

Google, Tesla, and others form the Grid Utilization Alliance

On Tuesday, led by Google and Tesla, the alliance—comprising Carrier, distributed energy service provider Sparkfund, smart meter company SPAN, home energy company Renew Home, and data center developer Verrus—was officially established. Its goal is to improve U.S. grid utilization, reduce electricity costs, and significantly increase power demand.

“The full utilization of existing grids could save consumers over $100 billion in electricity costs over the next decade and free up substantial new electricity capacity,” the alliance states. It advocates using existing technology more intelligently, including battery storage, demand response, and virtual power plants.

On the supply side, Tesla provides energy storage and virtual power plant technology; SPAN supplies smart distribution panels; Carrier manufactures heat pump equipment; on the demand side, Google and Verrus focus on electricity demand, activating idle grid capacity through battery storage and demand response to address the power bottleneck caused by AI computing demands.

Notably, just a week ago, seven tech giants—Microsoft, Google, OpenAI, Amazon, Meta, xAI, and Oracle—signed a self-supply power commitment at the White House. These companies will build, import, or purchase power for new AI data centers to prevent soaring electricity costs driven by increased AI industry power consumption.

North America’s power shortage continues to unfold

According to the International Energy Agency, by 2030, global data center electricity demand will reach 945 TWh—equivalent to Japan’s total annual electricity consumption today. OPEC predicts this could rise to 1,500 TWh, doubling 2023 levels.

China Galaxy Securities forecasts that North America’s AIDC power demand will grow from 176 TWh in 2023 to between 325 and 580 TWh by 2028, increasing its share of total U.S. electricity demand to 6.7%-12%. Grid upgrades lag behind, widening the power gap, and activating idle capacity is the most economical solution.

JPMorgan Chase believes China has competitive advantages in key technologies like high-voltage direct current (HVDC) transmission and smart grid management software, with delivery cycles of only 10-12 months—much faster than European and American firms’ 1.5-2 years—giving China a significant edge in the global grid upgrade wave.

Dongwu Securities’ latest report states that national capacity compensation electricity prices are being introduced, with detailed rules and lists to follow in various provinces. Overseas, U.S. data center energy storage continues to advance, with many projects in Europe and the Middle East, and strong demand for large storage. Australia’s household storage policies, along with subsidies in the UK and Poland, are fueling a new growth cycle for household storage. Commercial storage continues to grow, with global energy storage installations expected to increase by over 60% in 2026, and a compound growth rate of 30-50% from 2027 to 2029. Leading companies in large and household storage are optimistic.

Multiple concept stocks attract financing

This year’s government work report explicitly emphasizes building a new power system, accelerating smart grid construction, developing new storage solutions, and expanding green electricity applications. Industry insiders see this as a sign that the new energy storage sector is entering a market-driven, profitable phase, especially amid global energy security concerns caused by geopolitical conflicts, which may further boost industry prosperity.

The Oriental Wealth concept sector shows about 400 stocks involved in energy storage, with a total market value exceeding 12 trillion yuan. Leading companies include CATL, BYD, China Yangtze Power, Sungrow, and China Energy Construction, each with market caps over 100 billion yuan. Nearly 20 stocks, such as TBEA and Dongfang Electric, also have market caps over 100 billion yuan.

Since the beginning of the year, the energy storage concept sector has performed well, with nearly 80% of stocks rising in price. Among them, 12 stocks have doubled, with Yunnan Energy Holding leading with a 219% increase. Yene Power and Weiling Holdings have each risen more than 1.5 times.

In terms of funding, data from Oriental Wealth Choice shows that since March, 31 energy storage concept stocks received net financing inflows exceeding 100 million yuan. BYD was heavily bought, with 1.186 billion yuan in net financing; China Energy Construction saw leveraged funds increase by 535 million yuan within a month; Kehua Data and Goldwind Technology each received over 300 million yuan in net financing; five stocks including State Power Investment Corporation and Zongshen Power also received over 200 million yuan in net financing.

(Source: Oriental Wealth Research Center)