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‘Higher-for-Longer’ Natural Gas Power, With Equipment Sold Out Through 2027, Says GE Vernova CEO

Natural Gas Intelligence · last updated

GE Vernova Inc., whose energy technology orders have risen as electrification demand increases, added 7 GW of natural gas turbine orders during the first quarter, bringing the contracted backlog to 29 GW.

Graph showing GE Vernova's equipment backlog increase sequentially because of natural gas demand.

Another 7 GW of gas turbine slot reservation equipment also was ordered, with 21 GW reserved but not yet in backlog, CEO Scott Strazik said during the first quarter conference call earlier this month.

GE Vernova “currently has 50 GW of gas turbines under contract or with the slot reservation. We expect to ship over 10 GW of equipment in the remainder of the year and add contracts for more than two times that amount to end the year with over 60 GW between backlog and reservation agreements.”

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