Energy · 1.8

Thermal Power

Quantified news impact based on deduplicated, quality-reviewed events in a single 200-day window.

Average net impact+25weighted per event

Average gross impact25absolute weighted average

Events7same period

Confidence76%model average

Raw intensity46before weighting

Previous period0net impact

Gross changeInsufficient base

Diffusion speed0.0 / day

Concentration22%

Direction disagreement200%

Source independence100%8 sources

IMPACT TREND

200-day effective impact

Positive 6 · Negative 0 · Mixed 1

+250-25

16 Jan0 events

1 Feb0 events

18 Feb0 events

7 Mar0 events

23 Mar0 events

9 Apr0 events

26 Apr0 events

12 May0 events

29 May0 events

15 Jun0 events

1 Jul0 events

+25

18 Jul7 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate0%0 cumulative effective impact

Short term1%1 cumulative effective impact

Medium term81%142 cumulative effective impact

Long term18%31 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 1 of 1 · 7 events

Macro4

Macro3 Aug, 16:46positive

NDRC and NEA Issue 15th Five-Year Power Plan for Coal-Fired Flexibility Retrofits and New Energy Integration

China's National Development and Reform Commission and National Energy Administration have issued the 15th Five-Year Plan for Building a New-Type Power System, requiring existing coal-fired units to undergo wide-load high-efficiency retrofits and limiting the coal consumption increase under low-load operation to within 25%. The plan supports coal power and new energy integration projects, and calls for flexibility retrofits of all eligible existing units by 2030. Combined heat and power units must achieve minimum power output below 40%, with heat-power decoupling encouraged to maintain stable heating.

Effective: +50
Intensity: 70
Confidence: 85%
Horizon: Medium term

Macro28 Jul, 16:05positive

China to Exempt Energy Lands from Urban Land Use Tax from 2026, Phase Out Previous Reductions

China's Ministry of Finance and State Taxation Administration have adjusted urban land use tax rules for energy and resource enterprises. From September 1, 2026, certain lands used by oil, gas, coal, power, and mining enterprises will be exempt from the tax. Concurrently, from September 1, 2026 to August 31, 2027, lands that previously qualified for tax reductions will be taxed at half the due amount, and from September 1, 2027, full tax will apply, with the old reduction rules being abolished.

Effective: +34
Intensity: 60
Confidence: 85%
Horizon: Medium term

Macro30 Jul, 08:00positive

National Energy Administration: Energy Investment in 15th Five-Year Plan to Exceed 20 Trillion Yuan

The National Energy Administration announced that during the 15th Five-Year Plan period (2026-2030), investment in key energy projects and new business forms will exceed RMB 20 trillion, significantly higher than the 14th Five-Year Plan total. The investment, averaging over RMB 100 billion per day, is divided into three dimensions: safety, transition, and new opportunities. Safety project investment rises over 10%, grid investment growth exceeds 30%, and new energy's share of power source investment nears 60%. New business forms receive over RMB 2 trillion, focusing on green hydrogen, storage, and virtual power plants.

Effective: +31
Intensity: 55
Confidence: 75%
Horizon: Medium term

Macro27 Jul, 07:24mixed

China's Total Installed Power Capacity Exceeds 4 Billion Kilowatts, Reaching New Milestone

China's total installed power generation capacity has surpassed 4 billion kilowatts, marking a new milestone for the country's power sector. The achievement reflects continued expansion of generation infrastructure, supporting the nation's growing energy demand and transition toward cleaner sources.

Effective: 0
Intensity: 30
Confidence: 70%
Horizon: Medium term

Industries0

No evidence on this page.

Companies3

Companies31 Jul, 01:47positive

Nexus Data Centers Seeks $15 Billion for Anthropic Texas AI Data Center; Google Provides Financing Guarantee

Nexus Data Centers is in advanced talks to raise about $15 billion for an AI data center in Texas serving Anthropic, with Google providing a financing guarantee and supplying chips. The project in Hubbard, Texas, includes a 1.6 GW gas-fired power plant. A Morgan Stanley-led bank group is discussing $14 billion in bridge loans and revolving credit. Google has agreed to guarantee billions of dollars in payments if Anthropic defaults on leases and power purchase agreements. Anthropic plans to deploy tensor processing units designed by Google and Broadcom, with chip procurement under a separate vendor financing agreement.

Effective: +30
Intensity: 50
Confidence: 75%
Horizon: Long term

Companies31 Jul, 23:56positive

SpaceX to Dismantle Unpermitted Gas Turbines in Memphis Within Year, Transition to 1.2 GW Permanent Plant

SpaceX will dismantle unpermitted natural gas turbines in Memphis within a year, transitioning to a 1.2 GW permanent gas-fired power plant. The temporary turbines, which power xAI's Colossus data center, will be fully removed by July 2027. There are 69 turbines currently operating. The unpermitted units have sparked environmental lawsuits from the NAACP and the Southern Environmental Law Center. SpaceX acquired xAI in February 2026 and plans to purchase $2.8 billion in gas turbines for data centers over three years.

Effective: +22
Intensity: 50
Confidence: 70%
Horizon: Medium term

Companies29 Jul, 07:43positive

14 A-Shares in Equity Registration: 13 Pay Dividends, 1 Bonus Issue; Three Firms Propose Payouts

Fourteen A-shares underwent equity registration on July 29, with 13 distributing dividends and one issuing bonus shares. Dizhu Fashion, COSCO Shipping Specialized, and Huaxia Bank led dividend payouts at RMB 4.00, RMB 3.25, and RMB 3.20 per 10 shares, respectively. Chengzhi Shareholding offered a 4-for-10 bonus issue. Separately, Xinzhoubang, Qianyuan Power, and Huadian Power International proposed dividends of RMB 3.0, RMB 1.0, and RMB 0.9 per 10 shares.

Effective: +1
Intensity: 10
Confidence: 75%
Horizon: Short term