Joint VentureJun 9, 2026, 06:21 AM
U Power Forms JV for AI-Driven Energy Solutions; Targets 100MW Thailand Data Center
AI Summary
U Power Ltd has entered into a joint venture agreement to establish Hydro Data Limited, focused on providing AI-driven energy management solutions for data centers. This joint venture subsequently secured an agreement with CEWA Group and Guofu Hydrogen Energy for the development of an integrated energy solution for a 100MW intelligence data center project in Rayong, Thailand. The project will begin with a 3MW pilot by the end of 2026, aiming to expand U Power's presence in Southeast Asia's growing data center market and generate recurring revenue.
Key Highlights
- U Power Ltd formed a joint venture, Hydro Data Limited, on April 23, 2026, with Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. and Cloud Digital Chain Limited.
- Hydro Data Limited was established in Hong Kong on May 20, 2026, to provide AI-driven energy management solutions for data centers.
- On May 26, 2026, Hydro Data Limited partnered with CEWA Group and Guofu Hydrogen Energy for a 100MW intelligence data center (IDC) project in Rayong, Thailand.
- The project includes a phased deployment, starting with a 3MW pilot project in Rayong, Thailand, by the end of 2026.
- U Power expects the project to facilitate expansion into comprehensive energy solutions for IDCs in Southeast Asia.
- The company anticipates recurring revenue opportunities from system design, equipment supply, installation, operations, maintenance, fuel supply, and energy management.
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