领导好，周末我们与施耐德专家进行了交流，现将核心要点汇报如下： ➠北美业务：中恒相关整流模块有望进入施耐德和伊顿供应链， HVDC方案、26-27年北美业务主要以施耐德上游 厂家参与； 施耐德专家学习笔记 领导好，周末我们与施耐德专家进行了交流，现将核心要点汇报如下： 施耐德专家学习笔记 后续，中恒凭借变压器和中低压配电盘的技术有望从整流模块切入整柜提供（租赁商项目）， ➠26-28年，#±400V的技术路线会在主流数据中心中占比接近50%，但属于偏过渡方案； ➠未来800VSST是未来数据中心及园区微网的主流供电方式； ➠此外，电力电子重要性随着数据中心的容量提升而增强， 短名单。 ➠业务进展：预计26Q1/Q2会和北美厂商做送样和技术交流，26Q3会有中标供货； ➠关键时间节点：26Q3招标落地，中低压设备提前期3个月， ➠市场份额：26年预计北美±40 ➠业务进展：预计26Q1/Q2会和北美厂商做送样和技术交流，26Q3会有中标供货； ➠关键时间节点：26Q3招标落地，中低压设备提前期3个月， ➠北美业务：中恒相关整流模块有望进入施耐德和伊顿供应链， HVDC方案、26-27年北美业务主要以施耐德上游 ...

Summary of SST System Industry Conference Call Industry Overview - The conference focused on the SST (Solid State Transformer) system industry, discussing its cost structure, market trends, and competitive landscape in both domestic and overseas markets [1][2][3]. Key Points and Arguments Cost Structure of SST Systems - The cost composition of SST systems includes rectifier modules (40%-50%), high-frequency transformers (approximately 25%), control and distribution (15%), energy storage (11%), and structural cooling (8%) [1][2]. - Current single watt cost of SST systems is around 5 RMB, with total system costs reaching 8-10 million RMB. By 2028, costs are expected to drop to below 1 RMB per watt, with total system costs around 2 million RMB, but large-scale application is anticipated only by 2030 [1][4]. Price Trends and Market Dynamics - There is a significant price disparity between domestic and overseas SST systems, particularly in North America, where prices are expected to remain around 4-5 RMB per watt until 2027-2028, with limited reduction [5]. - Domestic market competition is intense, with expectations that prices could fall below 1 RMB per watt by 2030 [5]. Technical Standards and Design Differences - North America tends to adopt higher input voltage SST systems (35 kV or 20 kV), which enhances renewable energy integration efficiency but also increases costs. Differences in design standards between North America and China contribute to cost variations [6][8]. - Domestic companies can enter the SST supply chain by exporting components like high-frequency transformers and rectifier modules, capturing growth opportunities despite slower rack power increases compared to North America [9]. Market Opportunities and Challenges - Companies like Jinpan and Sungrow, which have comprehensive system integration capabilities, are better positioned to enter the SST supply chain [3][16]. - The domestic market's ability to reduce SST product prices significantly is attributed to lower value differences compared to overseas products, reflecting market maturity and demand [23]. Future Prospects - The SMT (Solid State Transformer) AC-DC hybrid system market is expected to grow faster than the data center market due to lower energy continuity and stability requirements, making it more cost-sensitive [24]. - The demand for silicon carbide (SiC) in charging stations and data centers is increasing, but the complex production process may lead to supply constraints and price increases [26]. Additional Important Insights - The integration capabilities of domestic companies lag behind those of leading overseas firms like Delta, Schneider, and Eaton, which have dedicated departments for each segment of the SST system [22]. - The competitive landscape in the HVDC (High Voltage Direct Current) sector shows that traditional power distribution companies in China have advantages, but emerging electronic companies are rapidly advancing [18]. This summary encapsulates the critical insights from the SST system industry conference call, highlighting the cost structures, market dynamics, technical standards, and future prospects within the industry.