GUOFUHEE (02582) has reached a comprehensive energy solution agreement with CEWA and Hydro Data, primarily involving the application of integrated hydrogen energy power generation systems in data centers and related power procurement.
ChinaEver Hydrogen Energy Limited (02582) announced that on May 26, 2026, the Company entered into a Comprehensive Energy Solutions Agreement with the independent third party Thailand CP Energy and Water Asia Limited (CEWA) and the Company's joint venture company Hydro Data Limited (Hydro Data).
GUOFUHEE (02582) announced that on May 26, 2026, the company entered into a comprehensive energy solution agreement with the independent third party Thailand Charoen Energy and Water Asia Limited (CEWA) and the company's joint venture company Hydro Data Limited (Hydro Data). According to the agreement, the parties agreed to cooperate in developing the Thailand and Southeast Asian markets, focusing on the application of comprehensive hydrogen power generation systems in data centers and related power procurement. Under the agreement, CEWA will identify potential data center projects in Thailand and Southeast Asia, Hydro Data will provide customized technical solutions for these projects, and GUOFUHEE will provide the relevant power generation equipment. The parties also agreed to collaborate on a pilot project in Rayong, Thailand, designed for an IT load capacity of 3MW, which will serve as a demonstration and part of a 100MW comprehensive energy system in CEWA's data center investment project in Rayong, Thailand.
This agreement marks a significant breakthrough for the company in the supply of power for data center projects in Thailand. By providing core power equipment for data center projects, GUOFUHEE has become a market participant in overseas data center power supply business, achieving a key milestone in its overseas data center business. The Board believes that entering into this agreement and pursuing the identified projects in the future will have a positive impact on the company's current business performance and enhance its market influence in Thailand and Southeast Asia.
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