EnergyPolitics

The new landscape for gas turbines

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 29/10/2026, 12:53:26 UTC.

Briefings

Major gas turbine suppliers GE Vernova, Mitsubishi, and Siemens face severe supply constraints with backlogs exceeding 120 gigawatts of slot reservations, pushing delivery timelines to 2030-2032. Demand is projected to reach 126-132 gigawatts in 2026, driven by behind-the-meter needs and rising equipment costs from $500/kW to nearly $2,500/kW. New entrants like Boom Supersonic and Parallax are entering the market, while established firms like FTAI and PROENERGY repurpose jet engines. The article notes that 2030 is the current market baseline, with 2030-2032 being the forecasted delivery window.

Key points

• GE Vernova, Mitsubishi, and Siemens have backlogs exceeding 120 gigawatts of slot reservations, significantly higher than their competitors.
• Delivery timelines for new gas turbines are projected to extend to 2030-2032 due to severe supply constraints.

Context

This briefing examines the supply chain squeeze on gas-fired power generation, where major OEMs are sold out past 2030. The market faces a surge in behind-the-meter demand, creating a window for non-traditional power solutions. The article analyzes pricing surges, new entrants, and repurposed jet engines, noting the 2030 baseline for market activity.

Limitations

Data on firm orders and slot reservations are tracked by the host, with specific gigawatt figures provided for GE Vernova, Siemens, and Mitsubishi. The article relies on host projections for 2026 demand and 2030-2032 delivery windows, which may vary. Uncertainty exists regarding the exact timeline for new entrants and the precise market baseline for 2030.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 15/11/2026, 08:55:30 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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