News Brief | October 2011
GE has booked over $1bn in turbine orders
General Electric has landed over $1 billion in orders for new gas turbines in North America so far this year, reflecting the companies’ growing interest in natural gas.
That is about 30 percent ahead of last year’s pace and reflects faster growth than the world’s largest maker of electric turbines expected.For the past year the company has been predicting a rebound in US demand for gas turbines, driven by surging production of shale gas. This follows a period of six to seven years when US demand was minimal after a demand bubble early in the past decade. The company also unveiled a new 50 MW gas turbine that it said could cycle up to full capacity in one minute, a technology that could help power suppliers meet quick spikes in demand.