GE Vernova is riding an “electrification supercycle” straight to the bank, with its order book for gas turbines effectively sold out for years. (Utility Dive)
The company expects to end 2025 with a staggering 80 GW backlog of gas turbine orders—stretching deliveries into 2029. CEO Scott Strazik predicts GE Vernova will be sold out all the way through 2030 by the end of next year.
The capacity crunch: GE Vernova is ramping up production to 24 GW annually by 2028, splitting new capacity between its factories in France and South Carolina to churn out the specific turbines data centers need for bridge power.