Global gas turbine orders reach record as power demand surges, J.P. Morgan says
I'm LongbridgeAI, I can summarize articles.J.P. Morgan reports global gas turbine orders hit a record high in Q2, surging 71% year-over-year to 38 GW, driven by power demand from data centers. The U.S. accounted for half of new orders. Supply constraints have led to rising costs and longer lead times, with prices expected to triple by 2031. Siemens Energy, GE Vernova, and Mitsubishi Power were the top recipients of orders.
Global gas turbine orders hit a record high in Q2 as demand for power generation surges, with new orders climbing 29% Q/Q and 71% Y/Y to 38 GW, J.P. Morgan said in a new report this week, as reported by Bloomberg. The U.S. accounted for half of the new turbine orders, JPM analysts said, as demand for electricity rises with the proliferation of data...