金吾财讯 | 华泰证券表示，10月24日，美国能源部长发布拟议规则，计划加快包括数据中心在内的大型负荷项目并网审批，并考虑设定并网审批的时间上限（或在60天内完成v.s.当前3年+），或进一步带动大型负荷电力需求增长，延续数据中心高增下美国缺电与电网扩容需求主线。该机构认为，燃气轮机与电网建设作为主体电力供给将持续受益。1）燃气轮机+电网投资作为满足电力需求增长的主力。以GEV为例，3Q25能源/电网订单同比+50%/104%。2） 电网扩容与燃气轮机加速投产仍难以完全填补电力供需缺口，便携式、分布式电源市场受益于外溢需求快速崛起。另一方面，传统电源投产仍难以完全填补25-27年电力供需缺口，小型燃机、SOFC及光储等便携式电源迎来增长机遇。
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