千亿蓝海，英伟达背书！固态变压器（SST）三个核心方向梳理（附列表）

投研大叔10-27

英伟达在2025年10月OCP峰会发布白皮书，明确将SST列为下一代AIDC供电架构的核心方案，标志着SST技术获全球AI算力龙头认可，加速产业落地进程，其实在8月份已经简单介绍过SST固态变压器，核心受益的5家公司，随着目前关注度的提升，看后台有人咨询说部分企业涨幅已经很大了，有没有其他的可以参考的企业，所以今天对SST进行一下梳理。核心优势效率极致提升：通过高频电力电子变换取代传统工频变压器，...

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Combing the three core directions of solid-state transformer (SST) (list attached)","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDY":0.6,"SST":1.5,"3NVD.UK":0.6,"SNVD.UK":0.6,"NVD2.UK":0.6,"NVDS.UK":0.6,"NVD":0.6,"2NVD.UK":0.6,"NVIW.SI":0.6,"NVDX":0.6,"NVD3.UK":0.6,"NVDA":0.9,"NVDD":0.6,"NVDS":0.6,"NVDU":0.6},"content_text":"英伟达在2025年10月OCP峰会发布白皮书，明确将SST列为下一代AIDC供电架构的核心方案，标志着SST技术获全球AI算力龙头认可，加速产业落地进程，其实在8月份已经简单介绍过SST固态变压器，核心受益的5家公司，随着目前关注度的提升，看后台有人咨询说部分企业涨幅已经很大了，有没有其他的可以参考的企业，所以今天对SST进行一下梳理。核心优势效率极致提升：通过高频电力电子变换取代传统工频变压器，系统效率达98%以上，较传统HVDC、巴拿马电源显著领先，以10MW数据中心为例，负载率90%时每年可节省超200万度电，电费节约近千万元。空间大幅压缩：采用高频磁材与模块化设计，磁芯体积与工作频率成反比，同等功率下占地面积仅为传统UPS方案的50%以下、HVDC方案的60%，适配AIDC单机柜功率从60kW向150kW+跃升的高密度需求。主动智能调控：本质是“软件定义”的电能路由器，通过DSP/FPGA实现实时调控，可无缝并网、动态补偿无功功率、抑制谐波，具备故障自愈能力，支持双向能量流动，能在用电低谷储电、高峰反馈电网，降低AIDC运营成本。绿电高度适配：宽电压输入与多端口兼容性可直接接入光伏、风电等直流绿电，采用SST架构的电网对可再生能源接纳能力较传统方案提升50%以上，助力数据中心满足绿电消费比例要求。发展趋势技术路线迭代：AIDC供电架构从“UPS→HVDC→巴拿马电源→SST”逐步演进，短期HVDC因性价比成主流升级方案，中长期SST凭借全链路效率、空间优势成为终极方向，预计2025-2027年为试点验证期，2028年后进入规模化部署，2030年在AIDC领域渗透率有望达20%。应用场景拓展：除AIDC外，SST在新能源发电、电动汽车超充、智能微电网等场景加速渗透，形成“多场景联动”的产业格局。产业链协同深化：海外伊顿、台达与国内企业形成“海外引领、国内追赶”格局，同时SiC/GaN器件、高频磁材企业与SST整机厂商协同研发，推动成本持续下降。驱动逻辑AI算力爆发倒逼供电升级：AI服务器GPU功耗从H100的700W升至GB200的2700W，单机柜功率密度向1MW级迈进，传统UPS/HVDC因多级转换效率低、占地大无法满足需求，SST的“高效+小型化”成为最优解。成本下降突破商业化瓶颈：核心部件SiC芯片价格下降、非晶/纳米晶磁材量产，叠加模块化设计降低安装调试成本，SST全生命周期成本（含电费、运维）较传统方案优势逐步显现，7年左右可收回初始投资差异。政策与需求共振：“东数西算”“双碳”目标推动数据中心向高效、绿色转型，SST既是AIDC供电升级的技术核心，也是绿电消纳、电网调峰的关键设备，政策与市场需求形成双重驱动。机构预测，未来5-10年全球SST市场年均复合增长率达25%-35%，若2030年全球新建AIDC容量100GW、SST渗透率20%，按单瓦价格2.5-5元计算，整体市场空间可达500-1000亿元，其中高频变压器、电力电子器件分别对应75-150亿元、200-400亿元市场。布局情况系统整机四方股份：国内少数能提供数据中心交直流配电全套方案的厂商，SST产品覆盖10kV-35kV交流接入、240V-800V直流输出，整机效率98.5%，应用于多个国家级示范工程，适配800V AIDC架构。中国西电：子公司西安西电的2.4MW SST已投运“东数西算”项目，800V DC架构SST完成研制，有望切入海外算力产业链。金盘科技：10kV/2.4MW SST样机已完成，适配HVDC 800V架构，与英伟达供应链对接。新特电气：布局SST配套用变压器研发，与维谛联合开发2MW级数据中心SST，同时为维谛150亿元液冷HVDC大单锁定40%份额。科士达：正在开发SST等AIDC相关产品，其UPS、储能变流器技术与SST同源，具备技术协同优势。阳光电源：成立AIDC事业部，基于SST技术研发35kV中压直挂光伏逆变器，同时推进SST在数据中心HVDC系统的应用国电南瑞：国内电力系统二次设备龙头，SST市占率超30%，是国家电网12亿元SST采购大单核心合作方。特变电工：自主研发10kV/1MVA电能路由器并应用于高压并网光伏电站，SST已批量用于新疆光伏电站科陆电子：在直流配用电系统研究中涉及SST技术，积极探索SST在数据中心、新能源场景的应用。伊戈尔：从数据中心用移相变压器拓展至干式/油浸式变压器，目前正研发SST产品，产品已出口日本、美国市场，布局海外AIDC供应链。明阳电气：推出MyPower数据中心电力模块，在HVDC、变压器领域具备优势，适配AIDC供电需求。盛弘股份：在AIDC电气设备领域布局SST相关技术，重点推进HVDC与SST协同方案，产品获头部云厂商认可。上游材料宽禁带半导体（SiC/GaN）斯达半导：IGBT模块市占率超40%，是国电南瑞、许继电气核心供应商，SST相关业务订单排至2026年一季度，全年营收占比预计达32%。宏微科技：国内少数能生产220kV高压SiC器件的企业，2025年10月中标国网5.2亿元特高压器件采购项目，产品配套青海-河南特高压工程SST。天岳先进：SiC衬底龙头，2025年10月产能翻倍至10万片/年，供货斯达半导、宏微科技等，受益于SiC在SST中渗透率提升。软磁材料横店东磁：全球最大铁氧体材料企业，布局铁氧体软磁、非晶纳米晶等体系，产品可应用于SST磁芯。铂科新材：新一代软磁材料应用频率达10MHz以上，适配SST高频磁芯需求，技术性能领先。云路股份：非晶合金全球龙头，产品覆盖50Hz-100MHz宽频段，非晶/纳米晶薄带年产能10.5万吨，为SST提供核心磁材支持。核心器件金盘科技：与英伟达合作研发SST用高频变压器新特电气：与维谛联合开发中频隔离变压器伊戈尔：布局数据中心高频变压器，适配SST需求良信股份：聚焦“两智一新”战略，开发直流断路器适配SST架构。本文根据公开信息整理，不构成投资建议。投研大叔专注挖掘行业真实可靠的一手消息，关注一下不费事，错过了想看的消息，岂不可惜！近期热门文章AIDC电源终极方案——SST固态变压器，核心受益的5家公司AIDC保底刚需——柴油发电机，最核心的3个方向（附列表）千亿蓝海，国产替代加速！高压直流技术（HVDC）介绍","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2578453566","isCrawlerRequest":true}