Reuters12-10
Dec 9 - GE Vernova expects 80 gigawatts of signed combined-cycle gas turbine contracts by the end of the year as electricity demand from Big Tech's data centers ramps up, the U.S. power company said on Monday.
As data U.S. power demand reaches record highs from the proliferation of data centers, turbines and other equipment needed to produce electricity from natural gas and nuclear are getting a boost.
(Reporting by Laila Kearney in New York)
((laila.kearney@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
