From Bloomberg, January 21:
The boom in data-center development is changing the customer mix significantly for GE Vernova Inc., a key supplier of power-generation equipment.
Big data-center operators may make up as much as 25% of GE Vernova’s customers this year, up from 10% last year and a “negligible” amount in 2024, Chief Executive Officer Scott Strazik said Wednesday on Bloomberg TV.
The shift reflects surging demand for electricity from big technology companies with deep pockets that are investing heavily in infrastructure to support artificial-intelligence systems. While companies such as GE Vernova once sold equipment almost exclusively to utilities, data-center operators are now lining up to buy natural-gas turbines and other power sources to ensure sufficient energy for their sites.
“The reality is these companies need the electrons,” Strazik said during an interview on the sidelines of the World Economic Forum event in Davos. “They’re securing a lot of the long-lead equipment they need to ensure the electrons will be there when they need them.”
GE Vernova has an 80-gigawatt backlog for gas turbines, up from 46 gigawatts at the start of 2025, and is effectively sold out for several years, Strazik said....
....MORE, including video
Previously on the capacity question:
June 30, 2025 - Electricity Generation: "US gas-fired turbine wait times as much as seven years; costs up sharply" (GEV)
As noted introducing June 15's "Electricity: "Report Says 130 New Gas-Fired Power Projects Proposed in Texas" (GEV)":
If all these proposals go forward GE Vernova would probably have to buy Siemens' gas turbine business just to keep the backlog to fifteen years or less.
July 3, 2025 - ICYMI: "In Small Nuclear Reactors, There’s One Clear Leader Today" (GEV)
December 28, 2025 - "GE Vernova Stock Has One Big Catalyst—and One Big Risk" (GEV)
Also one small risk.*
And many more.
