GE Vernova is implementing plans to produce 30 gigawatts of annual gas turbine output by 2030, up from 20 gigawatts in the third quarter of 2026. The expansion is driven by a backlog of slot reservation agreements that grew to 63 gigawatts in the second quarter, up from 56 gigawatts. The company converted 10 gigawatts of existing reservation agreements to orders during the period. Gas equipment backlog and slot reservations combined now total 116 gigawatts, and the company expects to reach at least 125 gigawatts by year-end 2026.
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(END) Dow Jones Newswires
July 22, 2026 06:49 ET (10:49 GMT)
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