U Power Hydro Data Joint Venture Receives "Data Center Power & Energy Solution" Recognition at DIF Awards 2026 in Thailand
Rhea-AI Summary
U Power (Nasdaq: UCAR) announced that Hydro Data Limited, its joint venture with Guofu Hydrogen Energy and Cloud Digital Chain, received the 2026 “Data Center Power & Energy Solution” award at DIF Awards 2026 in Thailand.
The Hydro Data JV develops AI-driven, hydrogen-based integrated energy solutions for data centers in Thailand, with plans for global expansion. According to U Power, the JV combines smart grid battery-swapping technology with hydrogen energy expertise and has an agreement to support a 100MW data center project in Rayong, starting with a 3MW pilot.
Positive
- Hydro Data JV wins 2026 DIFGC “Data Center Power & Energy Solution” award
- Joint venture targets AI-driven, hydrogen-based data center energy solutions in Thailand
- Agreement to support 100MW Rayong data center, beginning with 3MW pilot phase
- Both U Power and Guofu Hydrogen Energy already operate energy-related activities in Thailand
- U Power sees potential for long-term, recurring revenue from the Rayong data center project
Negative
- None.
News Market Reaction – UCAR
In the Jun 1 session, UCAR gained 5.07%, reflecting a notable positive market reaction. Argus tracked a trough of -8.2% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DIFGC focuses on global digital infrastructure investment and cooperation to connect
As
- Economics and reliability: competitive cost per megawatt ("MW") and a flexible output range suited to IDC primary and backup power needs.
- Green energy profile: a low-carbon power source aligned with sustainability requirements for mission-critical infrastructure.
- Delivery timeline: deployment cycles that can be matched to IDC build schedules in
Thailand .
Both U Power and Guofu Hydrogen Energy have existing operating activities in
Mr. Jia Li, Founder and Chief Executive Officer of U Power Limited, stated: "We appreciate the award from the DIFGC 2026 Organizing Committee, which we believe reflects both the industry's recognition of Hydro Data's solutions, our expertise in smart energy solutions, and the relevance of integrated hydrogen and AI-driven energy management solutions to the current power supply challenges facing data center operators in
"Our near-term focus for the Hydro Data JV's will be directed toward executing the 3MW pilot project in Rayong, validating performance and economics, and using that foundation to pursue additional data center energy opportunities in
About U Power Limited
U Power is an AI-integrated energy solutions provider focused on building next-generation intelligent transportation and clean energy infrastructure. Originally established as a pioneer in EV battery-swapping, U Power developed its proprietary modular battery-swapping technology, UOTTA™, and has built a scalable intelligent battery-swapping network across multiple international markets, supporting commercial EV operations with efficient and flexible energy replenishment solutions.
Building on this foundation, U Power has strategically undertaken an expansion of its business through establishing a joint venture with its hydrogen energy partner, Jiangsu GuoFu Hydrogen Energy Equipment Co., Ltd. Leveraging advanced hydrogen power generation technologies, the Company has launched a new business line to provide intelligent hydrogen-based power solutions for the Artificial Intelligence Data Center (AIDC) sector and next-generation intelligent transportation systems worldwide.
Today, U Power is endeavoring to evolve beyond battery swapping to create an AI-driven, multi-energy ecosystem that integrates EV infrastructure, smart energy management, and hydrogen power generation. By combining intelligent transportation infrastructure with stable, clean hydrogen energy, U Power is undertaking the building of future-ready energy systems that support autonomous mobility, smart grid optimization, and the high-performance power demands of global digital industries.
For more information, please visit the Company's website: https://www.upower-limited.com/.
Safe Harbor Statements
This press release contains "forward-looking statements". Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to review other factors that may affect its future results in the Company's registration statements and other filings with the U.S. Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. References and links (including QR codes) to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
Contact
U Power Limited
Investor Relations Department
ir@upincar.com
The Equity Group
Lena Cati, Senior Vice President
212-836-9611 / lena.cati@theequitygroup.com
Alice Zhang, Associate
212-836-9610 / alice.zhang@theequitygroup.com
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SOURCE U Power Limited