AI+垃圾焚烧跟踪报告系列：垃圾焚烧协同IDC，有望带来企业价值重估

Investment Rating - The industry investment rating is "Positive" (First time) [4] Core Viewpoints - The recent strategic cooperation between Longwan District Government and Zhejiang Weiming Environmental Co., Ltd. aims to accelerate the integration of artificial intelligence and the environmental protection industry, marking a significant step in the collaboration between waste incineration enterprises and local government support [4] - The National Development and Reform Commission's action plan emphasizes reducing Power Usage Effectiveness (PUE) and increasing the proportion of green electricity in data centers, with specific targets set for 2025 [4] - Waste incineration combined with data centers (IDC) offers multiple advantages, including green electricity supply, reduced PUE, and stable power supply, making it particularly suitable for regions like the Yangtze River Delta and the Pearl River Delta [4] - The shift in business models from ToG to ToB in waste incineration power generation is expected to improve cash flow for enterprises, leading to a potential revaluation of their value [4] Summary by Sections Industry Performance - The report highlights the strong demand for reducing PUE and increasing the use of green electricity in data centers, driven by national policies [4] - The approval of energy consumption indicators for the Pudong Limin Smart Computing Center project demonstrates the feasibility of integrating waste incineration with data centers [4] Investment Analysis - The collaboration between waste incineration power generation enterprises and data centers is expected to create a win-win situation, improving cash flow and profitability for waste incineration companies [4] - The report recommends focusing on companies located in regions with scarce renewable resources, such as Shaoneng Co., Junxin Co., Wangneng Environment, and others [4]