The fastest dispatchable power for AI data centers — and only three makers globally. Backlogs stretch ~5 years, with delivery slots already selling into 2030.
Tightness gaugeCritical
Tightness
83/ 100Critical
+5 this quarter — GE Vernova's backlog jumped to 100 GW and customers pulled slots into 2030; the big three are effectively sold out for years.
With grid interconnection taking years, on-site gas generation is the go-to for getting AI data centers powered fast — but turbine slots are now the gate, sold years out. Only three firms can build large-scale machines, so the queue for them effectively sets the timeline for a huge share of new self-supplied capacity.
Mid-2026GE Vernova targets ~20 GW/yr turbine production capacity
2026–28Mitsubishi doubling output; all three still sold out years ahead
2027+Fuel cells (Bloom) and SMRs scale as alternatives to scarce turbines
What would loosen it
Capacity expansions by the big three, plus fuel-cell and SMR substitution. But GE Vernova's CEO expects turbine reservations to be sold out through 2030 by the end of 2026.
Latest developments
2026-04-23
GE Vernova gas backlog grew 83→100 GW in Q1; new-order pricing up 10–20%; ~10 GW capacity left across 2029–30