GE Energy expects to invest roughly $50m to more than double its global capability to meet steam turbine demand around the world, company officials announced today.
Output will be expanded across GE’s steam turbine production and engineering centres in North America, Europe and Asia.
Much of the current demand for steam turbines is being driven by the strong global interest in combined-cycle power generation plants. Since the beginning of the year, GE has received orders worth more than $2bn to supply equipment for combined-cycle projects in Europe and the Middle East.
‘Although a full range of technology options is required to meet the world’s growing electricity needs, steam turbines remain a backbone of the energy industry, playing a part in generating more than 80 per cent of the world’s energy,’ said Larry Blystone, Vice President, Global Supply for GE Energy.
GE also is seeing demands worldwide for steam turbines to power cleaner coal and solar thermal projects, and is anticipating a potential increase in demand for large steam turbines for nuclear power projects as that sector of the energy industry continues to generate renewed interest.