Gas turbine orders hit record 38GW in Q2…power demand surges

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1. 1According to JPMorgan, global new gas turbine orders reached an all-time high driven by surging power demand.
2. 2Q2 orders came in at 38GW, up 29% from Q1 and 71% year-over-year, with Siemens Energy leading at 12.5GW.
3. 3The U.S. accounted for half of the total, and amid supply shortages fueled by data center expansion, lead times stretched to five years while costs surged 49%.

Source Oilprice.com +5 · View original ↗

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