1 result — Climate Insights Directory

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DateDocumentOrganization and typeRegions

29 August 2024
Leading three manufacturers providing two-thirds turbines gas-fired power plants under construction
This research paper by Global Energy Monitor analyzes the market dominance of the top three gas turbine manufacturers—GE Vernova, Siemens Energy, and Mitsubishi Power—and the financial and geopolitical risks they face as the energy transition accelerates. The report highlights the industry's reliance on 'hydrogen-ready' technology and long-term service contracts as precarious strategies in the face of rising renewable energy capacity and potential gas power overcapacity.
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This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Themes: energy transition gas-fired power plants hydrogen technology renewable energy stranded assets
+1 more
decarbonization
Global Energy Monitor
Document type: Research paper

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