GE Vernova gas turbine backlog hits 100 GW as prices rise
SkimNews Take
The rising gas turbine backlog and prices, alongside nuclear equipment orders, indicate a sustained, multi-faceted demand for dispatchable power generation beyond renewables, even amid geopolitical instability.
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- GE Vernova saw its gas turbine backlog climb to 100 GW in Q1 2026, up from 83 GW at year‑end 2025, while shipping 25 turbines, a 32% jump over Q1 2025.
- Prolec GE became fully owned after GE Vernova bought the remaining 50% stake, and is expected to add $3 bn to 2026 revenue.
- Scott Strazik highlighted that new turbine contract prices are 10‑20% higher than the previous quarter’s backlog, boosting dollar‑per‑kilowatt earnings into Q2.
Why it matters: GE Vernova's shareholders gain as the 100 GW turbine backlog and 10‑20% price uplift drive an estimated $3 bn revenue boost in 2026, while utilities face higher procurement costs that raise electricity rates.
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