Sustainability Watch: What‘s next for data centres?

Research evidence excerpt

Sustainability Watch: What‘s next for data centres?

Sustainability ● Global

10 July 2026

Cross-asset exposure

HSBC coverage: Companies exposed to the theme

Company name Region HSBC covering analyst

Han’s Laser China Bingyi Zheng*

BOE Technology China Bingyi Zheng*

NAURA China Cara Su*

Iberdrola Spain Meike Becker*

RWE Germany Meike Becker*

E.ON Germany Meike Becker*

EDPR Portugal Meike Becker*

EDP Portugal Meike Becker*

Nextera Energy United States Meike Becker*

Bloom Energy United States Samantha Hoh, CFA

Enphase Energy Inc United States Daniel Yang*

SSE United Kingdom Charles Swabey*

National Grid United Kingdom Charles Swabey*

Terna Italy Charles Swabey*

LS Electric Korea Yonghua Park*, CFA

Samsung Electro Mechanics Korea Ricky Seo*

Schneider Electric France Sean McLoughlin*

Nexans France Sean McLoughlin*

Prysmian Italy Sean McLoughlin*

* Employed by a non-US affiliate of HSBC Securities (USA) Inc, and is not registered/ qualified pursuant to FINRA regulations

Source: HSBC

HSBC Climate Solutions Database – Technology

The HSBC Climate Solutions Framework defines companies in the Technology climate theme

as those providing technology-related products and services that transform businesses through

digitalisation, saving time and cost, improving productivity, increasing energy efficiency, and

help in managing resources and collecting real-time data.

The companies under the Technology theme in our framework can broadly be categorised as

those that offer products and services in the following areas: Climate Data, Data Centres,

Smart Software & Video Conferencing.

Please contact Amit Shrivastava (amit1.shrivastava@hsbc.com) for more information.

Please contact askresearch@hsbc.com for access to Equity & Equity Strategy Research.

Why it matters?