Utility Dive•about 1 month ago
GE Vernova gas turbine backlog hits 100 GW as prices rise
Key Takeaway
Rising prices for gas turbines and strong demand across gas, wind, and grid equipment suggest increasing capital costs and a competitive market for new power generation and grid infrastructure.
AI Summary
- •GE Vernova's gas turbine backlog has reached 100 GW, indicating robust demand for new gas-fired generation capacity.
- •Gas turbine prices (dollar-per-kilowatt) are significantly increasing, signaling higher capital costs for new gas power projects.
- •The market is also experiencing substantial growth in orders for grid infrastructure and wind power equipment, pointing to continued investment in renewables and grid modernization.
Topics
ccgtfinancingoemtransmissionwind
Article Content
“The dollar-per-kilowatt growth is going to be very healthy in the second quarter of this year,” CEO Scott Strazik said of turbine sales. The company also saw big jumps in orders for grid and wind power equipment.