A research report by CITIC Securities underscores the feasibility and economic viability of harnessing a combination of photovoltaic (PV) and wind power, complemented by energy storage, to power data centers in regions where annual utilization hours exceed 2,500 hours. This approach not only proves practical but also offers substantial environmental, social, and governance (ESG) advantages. The study reveals that in regions such as western China, eastern coastal areas, and the Middle East, the cost of powering data centers with PV and energy storage is markedly lower than that of grid electricity, underscoring significant economic benefits. Within China, this solution remains feasible and economically attractive, provided adjustments are made to the power supply ratio and the required payback period. Regarding the flexibility of the industrial chain, energy storage systems, power conversion systems (PCS) for energy storage, and PV modules (or PV inverters) rank in that order of importance.