By Mark Jaffe, EUCI energy writer
Major natural gas turbine manufacturers all reported growing backlogs for orders from around the globe in the third quarter of 2026.
GE Vernova’s buildup in orders reached 116 gigawatts (GW) with delivery of turbines now slated for 2031.
Siemens Energy booked 15 GW of turbine orders in the quarter, raising its backlog to 69 GW, and Mitsubishi saw back orders for its large-frame gas turbines reach 35 GW.
“The long cycle electric power industry is in the early stages of a multi-decade growth opportunity, and we are well-positioned to create substantial value,” Scott Strazik, GE Vernova CEO, said in an earnings call.
“In Gas Power, we shipped three gigawatts while signing 20 gigawatts of orders and slot reservation agreements in the quarter – in countries like the U.S., Brazil, and Qatar – to grow our total gigawatts under contract from 100 to 116 gigawatts,” Strazik said.
“In ’27, we expect our combined gigawatts under contract to continue to grow,” he said. “We continue to see strong pricing in Gas to deliver and service our critical equipment needed to electrify the world.”
Strazik said the company is “more than halfway” to be contracted for 2031, but whether the market will sustain high growth beyond is still to be determined. “I would say we need more time before we can articulate the timing of contracting in ’32,” he said.
GE Vernova has a plan to expand annual turbine manufacturing capacity to 30 GW in 2030 from 20 GW, whether the company follows through will depend upon firming up future orders, Moses Sutton, senior analyst with BNP Paribas Equity Research, told Utility Dive.
Siemens Energy shipped 6 GW of turbines in the third quarter and its sales jumped up 62% year-over-year to $11.6 billion, according to an earnings presentation.
The company has added about 30 units of medium-sized gas turbine manufacturing capacity since 2025, which will enable Siemens Energy to deliver 15 GW to 16 GW of turbines this year, Christian Bruch, the company president and CEO, said during the earning presentation.
The company plans to add another 15 units of manufacturing capacity. The waiting time for turbines is about three years.
“We had seen over the last quarters a lot of capacity going into data centers and the U.S.,” Bruch said. “This led to the situation that a lot of other applications [for turbines] have pushed out decision-making.”
Mitsubishi order intake rose 56% year-over-year in the first quarter of the company’s fiscal year, beginning in March. The backlog of turbine orders rose to 32 GW from 23 GW in 2025.
The company booked 10 orders for its large-frame gas turbines – four from United States and six for Japan – during the first quarter, reported Hiroshi Nishio, a senior vice president, and CFO, in an Aug. 6 briefing.
“Demand for large frame gas turbines remains broadly in line with, or slightly above, the strong level we had anticipated,” Nishio said. “The expansion of production capacity needed to meet that demand is also progressing smoothly.”
The goal is to double capacity from the 2024 level. “That said fact that production capacity is expected to double in the future does not mean that we are immediately seeking to book twice as many orders as before,” Nishio said.
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