Reuters: GE tops list of gas turbine suppliers for 2018

Gas-fired turbine and power plant technologies are key parts of the content which will be offered at POWER-GEN International. Click the link at bottom for more information.

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GE booked the most orders for advanced gas turbines in 2018, according to a Reuters report.

This top place finish happened in a tumultuous year for the historic company. GE restructured its gas power business, replaced its CEO and dealt with some issues affecting the HA series turbines.

Nonetheless, top leaders such as Scott Strazik, the new CEO of GE’s Gas Power division, pointed out that the space for electricity-generating natural gas turbines is strong despite falling demand for fossil fuels in many markets. Speaking at the POWERGEN International keynote two months ago in Orlando, he noted that nuclear and coal-fired plant retirements could total 700 GW over the next 20 years.

Something needs to provide the grid resiliency needed even as renewables rise.

“Fundamentally, renewables are growing faster,” Strazik said at POWERGEN. “In reality, when you look at fuel dynamics there’s a lot of opportunity for natural gas.”

In the report cited by Reuters, however, GE was second to Mitsubishi Hitachi Power Systems in orders for the largest and most advanced gas turbines.

GE accounted for 33 percent of orders by capacity while MHPS and Siemens tallied 31 and 26 percent, respectively, according to the report.

Among those orders announced last year was a GE deal to deploy two 6F.03 gas turbines to a combined cycle plant in South Korea. The company also detailed deals in Spain and the U.S. among others.

Siemens announced major turbine deployments last year, including plants in the United Arab Emirates and Michigan. Nontheless, Siemens reported that annual profits were slashed in half by falling demand for turbines, although revenues were down only one percent.

MHPS announced turbine orders in Peru and the Midwest U.S. last year. Entergy Texas announced last month it had selected MHPS for a Montgomery County power plant set to be operational by 2021.

(Rod Walton is content manager for Power Engineering and the POWERGEN International conference happening November 19-21 in New Orleans. He can be reached at 918-831-9177).

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Gas-fired turbine and power plant technologies are key parts of the content which will be offered at POWER-GEN International. The call for abstracts to be considered is still open and accessible here.

 

 

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