Gas projects increase to support renewables
After decades of renewables expanding at a furious pace, operators are now looking torward gas projects to help ensure grid stability, energy security, and reliable, dispatchable, backup power.
Category: Forecasts
Carbon Capture Market About to Explode
Wood Mackenzie predicts almost 10X expansion in carbon capture capacity over the next decade.
Data Centers fueling gas turbine sales
Global boom in Data Centers increases electricity demand and fuels gas turbine sales. Data Center capacity expected to triple by 2030.
GE Brings in US and Worldwide Turbine Orders
GE Vernova has announced multiple orders and strategic initiatives of late: Iraq Republic of Iraq has contracted with GE Vernova to modernize the country’s power infrastructure and expand capacity at the Al Mansouria gas power plant. Project scope includes 3 GW of combined cycle power plants and the conversion of two sites, Samawa and Nasiriya, …
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Baker Hughes Piles on the Orders
Big orders for pipeline operations in Saudi, Canada and Italy.
Natural gas dominates U.S. energy production
Natural gas remains the dominant source of energy production, despite massive growth of renewables in recent years, per EIA report.
GE Vernova Starts the Year with Surge of New Turbine Orders
GE Vernova starts 2024 with a surge of orders for 9F, LM2500 XPRESS and 7HA gas turbines, with sales in Kuwait, Australia, and Mexico.
Gas Turbine costs $/KW
With Combined Cycle plants, the benchmark prices for complete EPC plant scope (installed), we are seeing a range from $1,579/KW for 34MW output, to as low as $670/KW for 1,680MW power output.
Gas Turbine Prices to decline by 5-10%
The global pandemic has trampled all near-term energy forecasts and market projections for power-generating equipment, and the future depends on the rate of recovery.
World Energy and Fuels Outlook 2020
The World Energy and Fuels Outlook is a report prepared for the ASME Electric Power Committee (EPC) Fuels Committee, presented annually at the International Gas Turbine Institute meeting.
