【大涨解读】特高压：增长40%！国家电网发布4万亿创纪录投资计划，这些领域将迎来增量

Group 1 - The National Grid announced a fixed asset investment of 4 trillion yuan during the "14th Five-Year Plan" period, representing a 40% increase compared to the "13th Five-Year Plan," aimed at new power system construction and enhancing ultra-high voltage direct current transmission capacity by over 30% [2] - The investment in the power grid is expected to reach approximately 1 trillion yuan per year during the "14th Five-Year Plan," with the National Grid and Southern Grid investments projected to be 700 billion yuan and 189 billion yuan in 2026, respectively, reflecting year-on-year growth of 7.6% and 8.0% [3] - The demand for core equipment updates and new construction in the main grid is urgent, with a strong potential for growth in secondary equipment demand as smart upgrades progress [3] Group 2 - The global power grid is entering an investment upcycle, with double-digit growth rates in capital expenditures observed in Europe and North America [4] - The data center sector is expected to increase its investment in power resources, as companies are required to cover their own electricity costs, which may alleviate pressure on traditional power resources [4] - The gas turbine industry is entering a new expansion cycle, with significant order growth from leading manufacturers, indicating a robust market for maintenance and repair services in the coming years [4]