SOFC行业深度报告：北美数据中心电力短缺，SOFC迎来快速增长

Investment Rating - The report rates the industry as "Outperform" [2] Core Insights - The demand for power in North American data centers is increasing, leading to a shortage of electricity supply, which presents a significant opportunity for Solid Oxide Fuel Cells (SOFC) [2][6] - The U.S. data center market is expected to see substantial growth, with an estimated addition of 55GW of IT capacity from 2025 to 2030, driven by major operators like Amazon AWS and Microsoft [2][9] - SOFC technology is positioned as a viable solution to meet the power demands of data centers due to its rapid deployment capabilities, economic advantages, and ability to respond quickly to load fluctuations [2][25] Summary by Sections 1. Background - The U.S. has over 4,000 data centers, the highest globally, with significant contributions to electricity demand, projected to account for over 6.7% of total U.S. electricity consumption by 2028 [2][14] - The total electricity consumption of U.S. data centers has increased from 58TWh in 2014 to approximately 176TWh in 2023, with projections of reaching between 325TWh and 580TWh by 2028 [14][18] 2. SOFC Technology - SOFC operates through electrochemical reactions to generate electricity and heat, functioning at high temperatures (500-1000°C) [25][27] - The modular design of SOFC allows for quick installation and adaptability to varying power demands, making it suitable for dynamic environments like data centers [39][41] - The levelized cost of electricity (LCOE) for SOFC is expected to decrease as production scales up, with current costs ranging from $7,000 to $10,000 per kW, potentially dropping to $2,000 per kW by 2030 [50][53] 3. Market Landscape - The SOFC market is predominantly led by companies from Japan, the UK, and the U.S., with significant market shares held by Mitsubishi Power (14.80%), Ceres Power (12.40%), and Bloom Energy (9.40%) [59] - Domestic companies are increasingly entering the SOFC market, with a notable number of projects and installations planned for 2024 [59][60]