Venture(US:VEMLY) Mei Ri Jing Ji Xin Wen·2025-11-14 07:07Core Insights - The retirement of coal-fired power plants in the U.S. is reaching a peak, with an expected 12.3 GW to be retired by 2025, marking a 65% increase year-on-year, including 8.1 GW of coal power, which represents 4.7% of the existing capacity [1] Group 1: Power Generation Capacity - The net generation capacity in the U.S. has seen a compound annual growth rate (CAGR) of only 1.42% over the past decade, indicating slow expansion in electricity generation capacity [1] - The Energy Information Administration (EIA) projects an addition of 229.1 GW of net capacity from 2025 to 2029, with a five-year CAGR of 3.47% [1] Group 2: Energy Sources and Technologies - High-reliability power sources such as gas power, nuclear power, and fuel cells are expected to become the mainstay of installed capacity [1] - There will be a significant increase in demand for grid-related equipment such as energy storage and transformers [1] Group 3: Data Center Energy Solutions - To address high energy consumption challenges, data center power solutions are evolving towards high-voltage direct current (HVDC) architecture [1] - NVIDIA's proposed 800VDC architecture is expected to enhance energy efficiency by 5% and reduce maintenance costs by 70% [1] - Solid-state transformer (SST) technology can directly convert 10 kV AC to 800 V DC, and the demand for HVDC/SST equipment is anticipated to surge with the promotion of AI data centers [1] Group 4: Investment Opportunities - The Guotai New Energy ETF (159387) tracks the Innovation Energy Index (399266), which has seen a daily fluctuation of 20% [1] - This index selects leading companies in clean energy, energy conservation, and new energy vehicles, focusing on technological advancements and growth potential in the new energy sector [1]