Welcome to this month’s edition of the GasTurbineHub Newsletter!
In today’s newsletter:
📈 Major OEMs Ride the Energy Boom – Gas Turbine OEMs soar in 2024
🚀 Gas Turbine New Installations – Latest updates on projects and deployments.
⚙️ Gas Turbine Technology Developments – Innovations driving efficiency and performance.
🔥 Hydrogen Gas Turbines – Advancements in hydrogen-powered solutions.
🌍 Carbon Capture and Sequestration Projects – Key progress in reducing emissions.
📅 2025 Events Calendar – Upcoming industry events and opportunities to connect.
Let’s jump right in!
The gas turbine industry has experienced a remarkable year in 2024, with leading Original Equipment Manufacturers (OEMs) achieving significant stock gains and setting high expectations for 2025.
Siemens Energy leads the pack, with its stock surging by over 300%, reflecting strong investor confidence in its energy transition strategies and innovative technologies. This performance has even outpaced tech giants like Nvidia, whose shares rose by 187% during the same period. However, analysts forecast a slight correction, with a 7.44% declineprojected for 2025, as the company balances growth with profitability in renewable energy solutions.
GE Vernova, the power-generation technology firm spun off from General Electric, has seen its stock climb by 144%, driven by increasing demand for energy solutions catering to AI data centers and electric vehicles. Analysts anticipate a 3.52% increase in 2025, reflecting steady growth as it expands its role in decarbonization technologies.
GE Aerospace has also experienced steady growth, with its stock rising by approximately 69% year-to-date, benefiting from increasing commercial air travel and industrial applications. Analyst projections for 2025 suggest a 22.30% upside, driven by rising demand for aerospace components and services.
Caterpillar maintained steady growth, posting a 25% gain, signaling strong performance in its industrial machinery and power systems business. Analysts expect a 7.98% increase in 2025, backed by strong infrastructure investments and industrial growth.
Mitsubishi Heavy Industries demonstrated robust performance with a 144% gain, reflecting its focus on decarbonization and hydrogen-ready turbines. Analysts predict an 11.03% rise in 2025, supported by its advancements in low-carbon technologies and expanding global footprint.
These projections underscore the market’s optimism about the gas turbine sector’s role in driving the energy transition. From hydrogen-based solutions to carbon sequestration projects, these OEMs are aligning their strategies with global sustainability goals.
Looking Ahead: Will 2025 continue this momentum? Stay tuned as we dive deeper into industry trends, technology advancements, and policy updates shaping the future of gas turbines.
Join the Conversation: Sign up for our newsletter to stay updated on developments in gas turbine technology and the energy sector.
The Latest News in a Snapshot
Gas Turbine New Installations
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“GE Vernova’s Power Generation Equipment Supports the Caribbean’s Growing Economy”
GE Vernova provides power generation equipment to support the Dominican Republic’s energy transition to renewables and natural gas.
Source: Turbomachinery Magazine -
“Ghana Commissions Bridge Power Project Using GE Vernova’s Trailer-Mounted Turbines”
The planned 515-MW power plant project will increase Ghana’s thermal generation capacity by over 7%.
Source: Turbomachinery Magazine -
“Evergy to Build Two New Combined Cycle Gas Plants in Kansas”
Utility officials announced plans to construct new units to support reliability amid significant electricity demand growth.
Source: Power Engineering
Gas Turbine Technology Developments
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“Retrofitted Gas Turbine Runs on Methanol with 80% Less NOx Emissions”
Net Zero Technology Centre and Siemens Energy successfully demonstrated the operation of an SGT-A35 gas turbine on methanol.
Source: Power Engineering -
“EPRI, TVA Conduct ‘World’s Largest’ Test of Renewable Diesel-Fueled Turbine”
Renewable diesel, made from fats and oils, was tested as a fuel for turbines, showing promising results.
Source: Power Engineering -
“EthosEnergy Showcases Remote Operations, Overhaul, and Field Services”
EthosEnergy’s turbine workshop and Performance Center collaborate to maintain operators’ turbine equipment and provide remote operations and monitoring.
Source: Turbomachinery Magazine
Hydrogen Gas Turbines
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“China Unveils High-Capacity Hydrogen Gas Turbine to Optimize Clean Energy Use”
China has introduced a high-capacity hydrogen gas turbine aimed at enhancing clean energy utilization.
Source: Hydrogen Central -
“SA Secures World’s First 100% Hydrogen Capable Gas Turbines”
South Australia has secured gas turbines capable of operating on 100% hydrogen, marking a world first.
Source: Hydrogen Central -
“SSE Thermal and Siemens Energy Partner on Hydrogen-Ready Gas Turbines”
SSE Thermal and Siemens Energy have launched a collaboration to deliver gas turbine technology capable of running on 100% hydrogen.
Source: Power Engineering
Carbon Capture and Sequestration Projects
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“Technip Energies and GE Vernova Awarded Major Contract for the Net Zero Teesside Power Project”
The plant will be powered by GE Vernova’s advanced 9HA.02 gas turbine and will incorporate carbon capture technology. The project aims to capture up to 98% of CO₂ emissions, integrating advanced carbon capture technology with gas-fired power generation.
Source: GE Vernova News, Turbomachinery Magazine -
“Carbon Capture Market About to Explode”
Wood Mackenzie predicts almost a tenfold expansion in carbon capture capacity over the next decade.
Source: Gas Turbine World
Gas Turbine Related Events Happening in 2025
International Conference on Gas Turbines, Energy and Power (ICGTEP)
Date: January 9-10, 2025
Location: Tokyo, Japan (In-person)
Organizer: World Academy of Science, Engineering and Technology
Website: ICGTEP 2025
Key Topics: Gas turbine technology, energy production, power management, sustainable energy solutions.
PSM Asset Managers Conference
Date: January 27-30, 2025
Location: Jupiter, Florida, USA (In-person)
Organizer: PSM
Website: PSM Events
Key Topics: Gas turbine maintenance, operations, asset management strategies.
BH Annual Meeting 2025
Date: February 2-4, 2025
Location: Florence, Italy (In-person)
Organizer: Baker Hughes
Website: Baker Hughes Events
Key Topics: Sustainable energy, gas turbine development.
501F Users Group Annual Meeting
Date: February 9-14, 2025
Location: Tucson, Arizona, USA (In-person)
Organizer: 501F Users Group
Website: 501F Users Group
Key Topics: User experiences, maintenance practices, technology advancements in 501F gas turbines.
501G Users Group Annual Meeting
Date: February 9-14, 2025
Location: Tucson, Arizona, USA (In-person)
Organizer: 501G Users Group
Website: 501G Users Group
Key Topics: Operational insights, maintenance strategies, technological developments in 501G gas turbines.
ETN CCS Webinar Series – Episode 3
Date: February 6, 2025
Location: Virtual
Organizer: ETN Global
Website: ETN Global Events
Key Topics: Advancing CO₂ capture, RWE’s cutting-edge research, real-world solutions.
FT8 Users Group Second Annual Meeting
Date: March 18-20, 2025
Location: Charlotte, North Carolina, USA (In-person)
Organizer: FT8 Users Group
Website: FT8 Users Group
Key Topics: User experiences, maintenance practices, technology advancements in FT8 gas turbines.
ETN Global Annual General Meeting & Workshop
Date: March 25-27, 2025
Location: Bergen, Norway (In-person)
Organizer: ETN Global
Website: ETN Global Events
Key Topics: Industry collaboration, innovation, turbomachinery advancements.
Western Turbine Users Inc 35th Anniversary Conference
Date: March 30-April 2, 2025
Location: Long Beach, California, USA (In-person)
Organizer: Western Turbine Users Inc
Website: WTUI
Key Topics: Gas turbine operations, maintenance, technology updates.
V94.2 (SGT5-2000E AE94.2) Users Conference
Date: April 7-10, 2025
Location: Zagreb, Croatia (In-person)
Organizer: GTUsers
Website: GTUsers Conferences
Key Topics: User experiences, maintenance practices, technology advancements in V94.2 gas turbines.
7F Users Group Conference and Vendor Fair
Date: May 19-23, 2025
Location: Birmingham, Alabama, USA (In-person)
Organizer: 7F Users Group
Website: 7F Users Group
Key Topics: User experiences, maintenance practices, technology advancements in 7F gas turbines.
European HRSG Forum (EHF) 11th International Conference
Date: May 15-17, 2025
Location: Prato, Italy (In-person)
Organizer: European HRSG Forum
Website: EHF
Key Topics: Heat recovery steam generators, combined cycle plants, maintenance strategies.
LM2500 User Group Meeting
Date: June 3-5, 2025
Location: To Be Confirmed (In-person)
Organizer: ETN Global
Website: ETN Global Events
Key Topics: User experiences, maintenance practices, technical updates for LM2500 turbines.
ASME Turbo Expo 2025
Date: June 16-20, 2025
Location: Memphis, Tennessee, USA (In-person)
Organizer: American Society of Mechanical Engineers (ASME)
Website: ASME Turbo Expo
Key Topics: Gas turbine technology, propulsion engineering, energy solutions.
Legacy Turbine Users Group Third Annual Conference
Date: June 16-19, 2025
Location: USA (In-person)
Organizer: Legacy Turbine Users Group
Website: Legacy Turbine Users Group
Key Topics: Frame 5, 6B, and 7EA gas turbines, maintenance, operations.
AOG (Alstom Owners Group) Users Conference
Date: Late June 2025
Location: USA (In-person)
Organizer: AOG Users Group
Website: [AOG Users](https://www.ccj-online)