News
GE Vernova expands production capacity and workforce to meet surging data center power demand
Wednesday, January 28, 2026 at 01:07 PM
GE Vernova (GEV) is seeing historic demand for gas turbines and electrification equipment driven by data center growth. The company reported a gas power backlog and reservations reaching 83 GW by late 2025, with production capacity for 2029 and 2030 nearly sold out. To meet demand, GEV is adding over 200 factory machines and 1,000 workers in 2025, while targeting an increase in annual gas turbine capacity to 20 GW by mid-2026. Cumulative CapEx and R&D for 2025-2028 is estimated at $11 billion.
Context
GE Vernova is aggressively scaling production capacity and its workforce to address unprecedented power demand from AI data centers. The company’s gas power backlog and slot reservations surged to 83 GW by year-end 2025, fueled by $2 billion in direct data center orders—a threefold increase over 2024. With a total power services backlog of $70 billion and new pricing 10-20 points higher than existing contracts, the firm is effectively selling out its production slots for 2029 and 2030.
To fulfill these orders, GE Vernova will install over 200 new machines and hire 1,000 production workers in 2025, followed by further expansion in 2026. Annual turbine capacity is set to hit 20 GW by mid-2026. This growth is underpinned by an $11 billion investment in CapEx and R&D through 2028, focusing on automation to drive major margin expansion. Investors should track the significant Q3 2026 production step-up as the company cements its role in the AI infrastructure supply chain.
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