May. 22 at 5:52 AM
$ENPH $SEDG
Goldman Sachs analyst Brian Lee issued a report on **Solid-State Transformers (SST)** in AI data centers.
* **The Shift:** Massive AI power demands are driving data centers to an **800V DC architecture**. SSTs replace heavy traditional transformers with Silicon Carbide semiconductors, drastically cutting energy loss and heat.
* **Market Size:** The Total Addressable Market (TAM) is projected to hit **10 GW (
$5B annually) by 2030**. Commercial rollout starts in 2028, with prototypes debuting late this year.
* **Key Stocks:** Solar inverter players have a natural tech edge in this infrastructure. **Enphase (
$ENPH)** has an incremental revenue potential of up to **
$910M by 2030** (a
$0.21–
$1.75 EPS boost), targeting 2027 pilots. **SolarEdge (
$SEDG)** is also highlighted as a key supplier; both plan product demos later this year.
