Booming Power Demand Means Longer Wait for GE Vernova Customers
A GE Vernova gas turbine manufactured in a GE Vernova facility in Greenville, South Carolina.
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GE Vernova Inc. said surging demand for electricity is causing a substantial increase in wait times for its gas turbines, with some deliveries set for the end of the decade.
The Cambridge, Massachusetts-based maker of power generation equipment said orders placed now are seeing delivery in 2028, and it’s already in discussion with customers about fulfilling orders in 2030. GE Vernova said it added 7 gigawatts to its backlog in the first quarter, to 29 gigawatts.