Demand for electricity from artificial intelligence (AI), data centers, industrial electrification and more is driving ...

Novra Power’s CEO Volker Schulte talks to CBS during the Davos World Economic Forum and discusses the current challenges that the unprecedented build-out in AI data centers, so-called AI factories, ...

7HA.03 HA gas turbine manufactured in Greenville, SC. Image credit: GE Vernova Surging electricity demand has been kind to the gas power industry, but the market could face “turbo lag” in the next 15 ...

Investments include restarting manufacturing of gas turbines, the monster machines needed to supply reliable power for the AI ...

Renewable energy company GE Vernova’s H-Class gas turbine technology has achieved a remarkable milestone, surpassing 3 million commercial operating hours across 116 units worldwide. This is equivalent ...

Siemens Energy plans to invest $1 billion to expand U.S. production of grid and gas turbine equipment and hire more than 1,500 workers as electricity demand surges from data centers, artificial ...

As at the date of this press release, MAXIM has available liquidity of approximately $84 million Canadian dollars, including approximately $59 million of unrestricted cash. The Corporation expects to ...

In early February 2026, Maxim Power Corp. announced it had reserved a GE Vernova 7HA.02 gas turbine manufacturing slot for its 400 MW Prairie Lights Power project in Alberta, while GE Vernova also ...

AI-driven power demand is surging far faster than expected, but a shortage of heavy-duty gas turbines is creating a bottleneck.

The global gas turbine market is experiencing notable growth that’s set to continue through to 2032, according to GMI Insights. In 2023, the market was valued at approximately USD 13.7 billion and is ...

Aerospace and defense company Howmet (NYSE:HWM) announced in Q4 CY2025, with sales up 14.6% year on year to $2.17 billion. On top of that, next quarter’s revenue guidance ($2.24 billion at the ...