In the past month, GE Vernova has signed 9 gigawatts of gas turbine reservations, with expectations to book 20 gigawatts of global gas orders annually over the next four years, primarily from the US. The company is also engaging with data center developers to reduce emissions, planning to implement carbon capture plants in the next decade. GE Vernova's efforts are part of a broader infrastructure build to ensure energy security and support economic growth, with new US orders for gas turbines to be manufactured at their South Carolina facility.
Key takeaways:
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- GE Vernova Inc. has signed multiple contracts to sell natural gas turbines for data centers, which will use enough power to light up major cities.
- Big technology companies are reserving turbines for planned 5-gigawatt data center campuses, aiming to have some facilities operational by 2028.
- The demand for power is expected to increase due to artificial intelligence, new factories, and electrification, with fossil fuels playing a key role in meeting this demand.
- GE Vernova plans to start carbon capture plants in the next decade to reduce emissions, with discussions ongoing with data center developers.