GE Vernova Orders Exceed Expectations: How to Interpret the Gas Turbine Supercycle?
Meanwhile, Siemens Energy has raised its annual demand forecast for gas turbines to 110-120GW in the coming years. The simultaneous upward revision of guidance by the world's two largest gas turbine giants marks the official establishment of a gas turbine super cycle driven by AIDC.
GE CEO Scott Strazik stated on the earnings call: “We expect to have at least 125GW of gas equipment under contract by the end of 2026.” Even more importantly, the company’s capacity for 2026 and 2027 is almost fully booked, capacity for 2028 is nearly filled, and longer-term contracts are already being signed. Order visibility now extends to 2030 and even 2031.
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