电力AI行业跟踪（三）：维谛计划26年推出800VDC电源产品系列，与英伟达技术协同推进

Investment Rating - The report maintains a "Buy" rating for the power equipment and new energy sector, indicating an expected investment return exceeding 15% over the next 6-12 months compared to the market benchmark index [3][6]. Core Insights - Vertiv plans to launch an 800 VDC power product series in the second half of 2026, aligning with NVIDIA's AI development roadmap, which will support the next-generation AI data center infrastructure [1]. - The HVDC technology is expected to gradually replace UPS systems due to its efficiency in power delivery, especially as server rack power requirements increase beyond 300kW, leading to reduced material usage and operational costs [2]. - The announcement by Vertiv further validates the trend towards HVDC solutions in AI data centers, suggesting a sustained increase in HVDC penetration rates in the future [2]. Summary by Sections Industry Overview - The HVDC technology is anticipated to become more prevalent in AI data centers, driven by the increasing demand for efficient power solutions as AI technology evolves [2]. Company Developments - Vertiv's collaboration with NVIDIA is a strategic move to ensure that their 800 VDC power solutions are ready to support NVIDIA's upcoming platforms, maintaining a competitive edge in the market [1]. - Other companies mentioned include: - Zhongheng Electric, a leading domestic HVDC enterprise with deep collaboration with Alibaba [5] - Hewei Electric, known for its mature power electronics technology [5] - Sifang Co., which has solid-state transformer products compatible with HVDC solutions [5] - Magpowr, which announced an 800 VDC power solution at the GTC 2025 conference [5] - Kehua Data and Keda, both possessing HVDC technology reserves [5].