GE Vernova Gas Power Turbines and Electrification Expansion

under construction

GE Vernova is experiencing significant growth in its power and electrification segments, driven by increasing demand for gas power turbines and electrification equipment, particularly for AI data centers. The company has seen a 59% increase in power orders and an 86% increase in electrification orders year over year in the first quarter of 2026. Slot reservation agreements (SRAs) indicate strong long-term demand, with customers securing future gas turbine manufacturing slots extending into 2031. The company has raised its full-year revenue guidance to $44.5 billion to $45.5 billion and expects a backlog increase to $200 billion by 2027.