Market Trends

Renewables expected to surge and fossil-fueled power to sag in new-build generation market.

Hydrogen turbines and Power-to-X technologies in carbon-neutral energy systems.

Baker Hughes moves on from GE, pushes A.I., digitalization, 3D printing and carbon capture.

Downward sales trend continues but uptick in orders expected throughout the next decade.

President Donald Trump’s goal of achieving energy dominance took several steps forward in 2019. In the power business, the most significant move was the finalization of the Afford-able Clean Energy (ACE) rule in June.

Key concerns: plant flexibility, loss of technological expertise, deficient R&D investment and more stringent emission laws.

Distributed generation, combined heat & power and hydrogen are driving the market for smaller and mid-sized turbines.