Utility Dive•6 days ago
Natural gas equipment bottleneck is easing, analysts say
Key Takeaway
The increased availability of natural gas power generation equipment from leading OEMs will accelerate project development and potentially reduce costs for gas-fired capacity, benefiting developers and large power consumers seeking reliable power solutions.
AI Summary
- •Major natural gas equipment manufacturers (GE Vernova, Siemens, Mitsubishi Heavy Industries) have significantly expanded their production capacity since early last year.
- •This easing of the natural gas equipment bottleneck implies improved lead times and potentially lower equipment costs for new gas-fired power projects.
- •For developers and large power consumers, this means faster project timelines and enhanced reliability for gas-dependent generation, supporting grid stability and industrial operations.
Topics
capacity-marketccgtdatacenteroemsimple-cycle
Article Content
Manufacturers GE Vernova, Siemens and Mitsubishi Heavy Industries “have all announced significant capacity expansions since the start of last year,” said Wood Mackenzie’s vice chair of Americas, Ed Crooks.