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00:03Utilities and AI data center developers are turning to used gas turbines,
00:07refurbished equipment, and converted jet engines as demand outpaces manufacturing capacity,
00:13according to Reuters. New gas turbines now take an average of six years to deliver in the U.S.,
00:18with orders extending into 2031. Global orders exceed 100 gigawatts,
00:24while annual production capacity stands at 60 to 70 gigawatts, according to Wood McKenzie.
00:30Used turbines can cost $1.5 million to $1.7 million per megawatt,
00:36compared with $2 million to $2.5 million for new equipment.
00:40However, limited secondary market supply and maintenance concerns pose challenges.
00:46Analysts expect global turbine demand to reach 129 gigawatts in 2028,
00:51exceeding projected manufacturing capacity of 87 gigawatts.
00:55For all things money, visit Benzinga.com.
