Utility Dive•24 days ago
5-year waits and rising costs: How demand is redefining the gas turbine market
Key Takeaway
The gas turbine market is experiencing significant supply-side constraints and cost increases, necessitating proactive and strategic planning for reliable power generation.
AI Summary
- •Gas turbine lead times have stretched to 5 years, indicating severe supply chain constraints and high demand.
- •Project costs for gas turbine installations are rising, impacting the economic viability and financing of new projects.
- •Developers and large power consumers must make early, informed decisions to secure reliable generation capacity amidst market redefinition.
Topics
capacity-marketccgtdatacenteremissionsfinancinginterconnectoempolicyqueuesimple-cycle
Article Content
Lengthy lead times are likely to continue for now, and reliability in that environment depends on early, informed decisions, writes Electric Power Research Institute Senior Program Manager Bobby Noble.