Reported about 9 hours ago
GE Vernova Inc. is witnessing a growing demand for its natural gas turbines from major technology companies constructing data centers, with about one-third of its paid reservations now allocated to hyperscalers, according to CEO Scott Strazik. As electricity demand surges globally, spurred by the energy needs of AI-driven data centers and other industrial growth, the company reports strong order increases in both its power and electrification sectors. Despite a recent dip in share prices, GE Vernova is mostly sold out of turbines through 2028 and is now accepting orders for 2029.
Source: YAHOO