gas turbine (click for larger version)
According to an analysis by Jefferies, the bottleneck in natural gas generation equipment (i.e., turbines) is easing as major manufacturers such as GE Vernova, Siemens, and Mitsubishi expand production capacity. Driven by the 24/7 power demands of data centers, available equipment capacity is projected to reach 19 GW by 2028 and 76 GW by 2030. While current lead times for turbines remain near five years, they are expected to decrease starting in 2027. Consequently, "behind-the-meter" natural gas-fired generation has emerged as a preferred near-term "bridge solution" for hyperscalers seeking speed-to-market, though significant impacts on grid-scale generation capacity are not anticipated until 2030.
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