Sep. 16 at 8:08 PM
Mitsubishi Power President: Demand for the equipment to remain “very high” for 3 to 5 years as the world builds out power-hungry data centers. After that, demand “is not going to drop significantly” & will remain robust for another 5 to 10 years.
There are other factors supporting higher demand for gas turbines, such as retirement of old units & economic growth
Orders for gas turbines have surged globally & the price of a turbine has increased about +50% compared w/ 5 years ago
Nat gas is seen as a stable alternative to wind and solar power, one that’s also cleaner than burning coal, & more readily available than nuclear energy.
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