Mitsubishi gas turbine
Speaking of data centers and AI (artificial intelligence), natural gas drillers and pipeline companies are not the only beneficiaries of the huge power requirements needed by these monsters. The companies that manufacture turbines for gas-fired power plants are seeing a spike in demand. Mitsubishi Power Ltd., one of those manufacturers, sees the world ordering an eye-popping 50% more gas turbines annually through 2026, compared with the past three years, driven in large part by data center growth. Mitsubishi is the #1 provider of gas turbines. The company says that globally, there will be 60 gigawatts worth of equipment orders every year from 2024 through 2026, which is up from an average annual capacity of 40 gigawatts sold between 2021 and 2023.
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