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The Waveshare PoE M.2 HAT+ (B) has been designed specifically for the Raspberry Pi 5, integrating Power over Ethernet (PoE) functionality alongside an M.2 interface, enabling use of high-speed NVMe SSDs (sizes 2230, 2242, 2260 and 2280), including support for SSD booting in Gen2 mode (and Gen3 if you enable it).
It's very similar in functionality to the standard version, apart from two key differences - this 'B' version is larger so it can accept longer NVMe sticks, and is also compatible with the Raspberry Pi Active Cooler.
This board supports the IEEE 802.3af/at network standard and includes a fully isolated switch-mode power supply (SMPS), offering your board 5V 4.5A max. There is also a 12V header for powering external hardware, which can offer 12V 2A Max (the combined maximum output power is 25W if you plan to use the 12V header).
The board is compatible with the Raspberry Pi Active Cooler, hence, unlike the original version, no fan or heatsink is included.
The board operates in PCIe x1 Gen2 or Gen3 mode and includes a power and activity LED indicator to clearly show operating status.
Raspberry Pi, Active Cooler and SSD not included.
Note: if a power supply limitation prompt appears on screen, add usb_max_current_enable=1 to /boot/firmware/config.txt
Raspberry Pi, Active Cooler and SSD not included.