HK Stock Market Move | CONCORD NE(00182) rises nearly 17% in the afternoon, ERCOT recently approved a 1 gigawatt data center grid connection license.

CONCORD NE(00182) rose nearly 17% in the afternoon, rising 16.95% to HK$0.345 as of the time of writing, with a turnover of HK$37.52 million. On the news front, CONCORD NE recently announced that its 1-gigawatt capacity data center, developed by the group, has completed a large-scale load connection study and has been granted grid connection permission by the Electricity Reliability Council of Texas (ERCOT). The data center will be adjacent to one of the group's existing utility-scale CECEP Solar Energy and battery storage projects in Texas. This license proves that the group has laid the foundation to provide integrated infrastructure solutions for gigawatt-scale renewable energy supply for large-scale operators and AI companies, seeking long-term sustainable value and expanding its digital infrastructure footprint. The group expects this milestone to be the first significant progress in continuously expanding its digital infrastructure map, transforming its renewable energy platform into sustainable long-term value, and benefiting shareholders and business partners in the future.