Market Trends

This marks Venture Global’s fourth final investment decision in six years, and CP2 LNG is its largest standalone project financing.

Turbomachinery faces challenges like labor shortages and supply chain issues, but innovative solutions help the industry meet growing energy demand.

Saipem and Subsea7 are merging to form Saipem7, a new global offshore energy services leader, combining fleets, expertise, and operations across oil, gas, and renewables.

TotalEnergies and CMA CGM establish a 50/50 joint venture to develop LNG bunkering solutions, enhancing the maritime energy transition and supporting decarbonization efforts in global shipping.

GE Vernova’s aeroderivative packages are expected to provide almost 1 GW of electricity to Crusoe AI data centers.

Flexible solutions such as synchronous condensers and battery storage stabilize power supply and address critical issues like inertia, voltage, and short-circuit power.

The investment in its Aiken, SC, facility will expand production capacity for the mtu Series 4000 engines by enhancing in-house machining capabilities and enlarging the site.

Chart’s pre-cooled single mixed refrigerant process technology and modular liquefaction solution increase efficiency and lower costs.

Jeffrey Goldmeer of GE Vernova says ammonia is an efficient option to reduce greenhouse gas emissions across the entire lifecycle.

Baker Hughes and PETRONAS will explore implementing enhanced LNG services, mature asset solutions, AI, and CCUS, among other technological solutions.

Using AI-assisted optimization methods, Voith and the DLR Institute are improving the water turbine design process and enhancing turbine development.

GE Aerospace signed an agreement with SkyWest for its CF34-8E engines and a multi-year MRO service agreement with China Airlines for its GE9X engines.

Everllence’s first order for its 175DF-M engine includes two 12V175DF-M, one 16V175DF-M variable-speed yacht gensets, and methanol fuel-supply systems.

The first block at the Taiwan power plant provides 1.3 GW of cleaner energy, aiming to replace coal units and reduce emissions while stabilizing the country’s electricity grid.

Jeff Moore of SwRI highlights the successful testing of a 10 MWe sCO2 turbine in simple-cycle configuration, initially achieving over 8 MW of gross shaft power and 4 MWe net electric output when synchronized to the grid.

Baker Hughes is set to support Saipem's Eni-led Liverpool Bay CCS Project, enhancing CO2 storage capabilities in the U.K. through advanced compression technology.

GE Vernova will supply six XPRESS LM2500 aeroderivative gas turbine modular packages and an emissions control system to boost Puerto Rico's capacity for peak summer demand and potential emergency power.

EGYPTAIR, STARLUX Airlines, Riyadh Air, AviLease, and Vietjet Air placed orders for Rolls-Royce’s Trent XWB-84, XWB-97, XWB, XWB-97, and 7000 engines.

Cheniere Energy greenlights Corpus Christi Midscale Trains 8 & 9 project, optimizes operations, increases LNG supply, and drives substantial financial growth.

Ansaldo Energia supplied four advanced AE94.3A gas turbines and four generators for the Mingachevir-based plant facility.

CEO Ruben Alvarez says John Crane supports the transformation happening in the turbomachinery sector with diagnostic platforms and advanced filtration.

IHI and GE Vernova are co-developing a new gas turbine combustor to burn up to 100% ammonia in GE Vernova’s F-Class gas turbines.

Susan Scofield of Siemens Energy says conferences and dinners like Celebrating Women foster relationships among like-minded men and women in the industry.

Michael Smiarowski of Siemens Energy said steam turbine customers at nuclear plants focus on optimizing output and staying carbon-free, and fossil’s focus is reliability and modernization.

Panelists at Turbo Expo 2025 highlight how gas turbine manufacturers are not just adapting to change but are actively driving innovation in decarbonization, efficiency, and grid support.

Tim Allison of SwRI shares how the institute is working to improve turbomachinery reliability and material compatibility of hydrogen and sCO2 oxy combustion.

At Turbo Expo 2025, ETN Global says micro-gas turbines must focus on specialized markets, cost reduction, and continued technological refinement to remain competitive.

Antonio Perejon of ETN Global says micro-gas turbines are improving due to advances in heat recovery, fuel flexibility, and digital controls, but market adoption still faces challenges.

Turbo Expo panelists from Siemens Energy and GE Aerospace highlight the intersection of human expertise, computational power, and innovative AI techniques in advanced engineering design.

Tim Allison of SwRI shares outcomes from the STEP Demo pilot plant, sCO2 commercialization, and the most promising energy storage solutions.