With the advantage of integrating distributed energy, storage and DC load with high efficiency, the DC distribution network recently attracted wide attention in the field of nearly zero energy buildings. Considering the large number of buildings and the enormous energy-saving potential, the distribution form and the revenue distribution are key factors affecting energy efficiency and operational economy. Aiming at the characteristics of AC and DC distribution topologies in nearly zero energy buildings, an energy efficiency evaluation method is proposed based on time-sequential power flow simulation, where the piecewise linear efficiency function of converters and dynamic line power loss model are established. Based on a DC distribution demonstration project, an AC power distribution system with the same boundary conditions is designed. The results show that the efficiency of DC distribution topology is about 6% higher than the AC system, while the efficiency advantage in office, hotel, commercial, educational and residential buildings in Beijing, Shenzhen and Shanghai varies from 0.6–4.96%, which shows a high correlation with the proportion of a high-power load, with Pearson correlation coefficient of 0.794. With the increase of DC load ratio and distributed power supply access capacity, the efficiency of the system will be improved accordingly. On the basis of this, a method to equalize DC distribution income in the nearly zero energy buildings power market is proposed. In addition, 15 typical scenarios of different cities were selected to evaluate efficiency and influencing factors. Finally, assessing the multi-stakeholder impact of DC retrofitting to balance the revenue generated by the DC distribution model suggests that transport costs should be raised by 8.2–13.1% to balance revenue with the equipment prices decreased by about 0.1 yuan/W.

The strong non-linearity and multi-scale coupling characteristics of massive heterogeneous components in modern power systems pose severe challenges to traditional numerical simulation methods, rendering them inadequate for urgent online real-time assessment. This paper systematically reviews state-of-the-art hybrid transient stability simulation technologies that deeply integrate physics and data. It first dissects the critical bottlenecks of traditional numerical simulations—specifically computational inefficiency, convergence fragility, and model fidelity gaps—to elucidate the necessity of evolving toward a new physics–data integration paradigm. Subsequently, the review categorizes current methodologies into three technical dimensions: artificial intelligence (AI)-enhanced numerical solvers, AI-based surrogate modeling, and physics-embedded AI modeling. These approaches are synthesized to demonstrate their unique advantages in breaking through computational speed limits, enhancing numerical robustness, and effectively bridging the fidelity gap between simulation models and physical reality. Finally, addressing existing limitations regarding physical consistency and generalization, the paper proposes future research directions, including constructing network architectures with hard physical constraints, enhancing adaptability to complex grid scenarios, and developing self-evolving intelligent simulation frameworks to ensure future grid security.