Soaring Electricity Demand Meets Gas Turbine Shortage

Soaring Electricity Demand Meets Gas Turbine Shortage Authored by Irina Slav via OilPrice.com, AI-driven power demand is surging far faster than expected, but a shortage of heavy-duty gas turbines is creating a bottleneck. Turbine makers like Siemens, GE Vernova, and Mitsubishi are ramping up production, but expansion projects could take up to 5 years. Without enough gas capacity, AI growth could slow or grids may turn back to coal, potentially delaying coal plant retirements...

By Tyler Durden