The artificial intelligence boom, defined by record OEM backlogs, a 66% surge in plant construction costs, a behind-the-meter revolution, and a decarbonization reckoning, is forcing every layer of the turbomachinery industry to adapt at a pace it has never seen before.
2025 orders hit a four-year high as gas turbine backlogs push data center developers toward a faster fix, but the rebound is landing just as one of the industry's largest OEMs explores selling the business behind it.
Siemens Energy's Gas Services orders surged 62% to a record as the company joined GE Vernova and Baker Hughes in reporting a record turbomachinery quarter.
EthosEnergy streamlines after private equity buyout, divesting noncore assets and investing in turbine IP to sharpen focus and capture rising power demand.
GE Vernova's Power segment orders jumped 134% in Q2 2026 as gas turbine backlog reached 116 GW; the company now targets 125 GW under contract by year-end.