HK Stock Market Move | GUOFUHEE (02582) opened nearly 13% higher, launching a 10-megawatt data center power generation demonstration project with multiple partners in North America.

GUOFUHEE (02582) opened nearly 13% higher, and as of the time of writing, it was up 12.81% at 39.98 Hong Kong dollars, with a trading volume of 8.06 million Hong Kong dollars. On the news front, on the evening of March 5th, GUOFUHEE announced that the company had further entered into a tripartite supply cooperation agreement with BTE and Hylium, under which the contracting parties will collaborate in developing a 10-megawatt data center power generation demonstration project in the North American market. The company will be responsible for designing, manufacturing, and supplying natural gas reforming hydrogen system kits, and providing related technical services for the demonstration project; while Hylium and BTE will be responsible for customer delivery engineering systems and power generation systems, respectively. The announcement stated that the supply agreement and demonstration project not only mark an important step for the company to expand its overseas market and deepen its hydrogen energy application strategies in multiple scenarios, but also enhance the company's overseas competitiveness and brand influence. More importantly, the company aims to effectively address the increasingly severe power shortage challenges in the global data center industry through such innovative solutions, providing a solid energy guarantee for the green and sustainable development of AI and cloud computing infrastructure. The board of directors believes that the successful implementation of the demonstration project will have a positive impact on the group's revenue.