CEO, GE Vernova
“We remain on track to deliver 20 GW of annual gas turbine output in the third quarter of 2026.”
Q3 2026 ends September 30, 2026; the run-rate milestone will be verifiable with GE Vernova's Q3 2026 results in late October.
“I expect gas turbine reservations to be sold out through 2030 by the end of 2026.”
Tracking ahead so far: on the Q2 2026 call (July 22, 2026) Strazik said most 2030 slots were already sold and that more than half of 2031 slots should be under contract by year-end 2026.
“We now expect to have at least 125 GW of gas equipment under contract by year-end 2026.”
Gas power backlog plus slot reservations stood at 116 GW at the end of Q2 2026 (up from 100 GW in Q1), and the target was raised from the 110 GW guided in April; analysts have suggested the market expects 130–140 GW.
“In North America alone, we're seeing significant investment in Electrification, where we expect our combined serviceable addressable market to grow at approximately 10% compounded growth rate, doubling in size by 2030 — driven by expanded electrification needs, data center growth and rising digitization.”
GE Vernova's electrification equipment backlog has continued to climb (above $40 billion by Q2 2026), but the 2030 market-doubling claim cannot be judged until the end of the decade.
“To meet this demand... we are targeting 24 GW of annual gas turbine output in 2028, and we are implementing actions to produce 30 GW in 2030 — largely within the existing factory footprint.”
The 30 GW-by-2030 capacity plan is a step up from the previously communicated 24 GW ceiling; at least one sell-side analyst has said 'the jury's out' on whether it can be executed capital-efficiently.
“We expect to reach 80 GW of combined gas turbine slot reservation agreements and backlog by year-end 2025 — a book of business that stretches into 2029.”
GE Vernova's Q4 2025 results (reported January 28, 2026) showed gas power equipment backlog and slot reservation agreements rising from 62 GW to 83 GW sequentially — above the 80 GW the company guided to three weeks earlier.
“We now expect to approach 70 GW of contractual gas power commitments by the end of 2025, with significant momentum into 2026.”
GE Vernova ended 2025 with 83 GW of gas power equipment backlog plus slot reservation agreements (up from 62 GW at the end of Q3), comfortably exceeding the ~70 GW guided in October.