电力出海--燃气轮机和HRSG

Core Viewpoint - The article discusses the rising interest in the gas turbine sector, highlighting recent significant orders for Jerry Holdings and the overall market potential driven by the demand for stable power supply, particularly for AI data centers [1][18]. Summary by Sections Gas Turbine Overview - Gas turbines convert thermal energy into mechanical power using a high-speed rotating wheel, reflecting a country's industrial strength and playing a crucial role in the energy supply system. They are recognized for their environmental performance, operational flexibility, space efficiency, and excellent power quality [3]. Market Share and Key Players - According to GEM data, GE Vernova, Siemens Energy, and Mitsubishi Heavy Industries dominate the global gas turbine market, holding two-thirds of the share in gas-fired power plants under construction. GE Vernova leads with nearly 55GW of capacity, particularly in Asia [4]. Advantages of Gas Turbines - Compared to nuclear power, gas power plants have shorter construction cycles, aligning better with data center needs. The average construction time for gas plants in the U.S. is under four years, while nuclear plants take about 115 months [5]. - Gas plants have faster approval processes and more stable power supply compared to solar and wind energy, which are affected by natural conditions [6]. - Gas turbines outperform diesel generators in startup speed, deployment flexibility, and maintenance costs, making them more suitable for data centers [7][8]. Cost Advantages - The Levelized Cost of Energy (LCOE) for gas power projects in the U.S. was $45/MWh in 2020, with projections to decrease to $42.72/MWh by 2028, enhancing their economic viability for AI data centers [9]. HRSG (Heat Recovery Steam Generator) - HRSG is a key component in gas-steam combined cycle systems, recovering waste heat from gas turbines to improve energy efficiency. The market for HRSG is currently underexplored, with a significant capacity gap expected to widen by 2027 [10][11]. Market Dynamics and Barriers - The North American market has stringent technical standards and customization requirements for HRSG, creating barriers for entry. Tariffs and trade policies also impact the export of HRSG equipment [12][13][14]. Domestic HRSG Export Outlook - Domestic companies like BYTH and Xizi Clean Energy are optimistic about HRSG exports, with significant production capacity planned in Vietnam and successful projects in various countries [15][16]. HRSG Value Assessment - The pricing model for HRSG is similar to gas turbines, with average values per production line estimated at $10-12 million. The industry’s net profit margins are expected to rise as supply-demand gaps widen [17].