GE Vernova CEO Sees Order Backlog Stretching Into 2028

(Bloomberg) -- Many of the energy companies at the CERAWeek by S&P Global conference are customers of GE Vernova Inc., the maker of power-generation equipment. 

Some of those customers are having to wait patiently in line: Vernova’s boss said Tuesday that his company’s backlog of orders for gas turbines, power transformers and switchgear stretches into 2028.

“I would expect by the end of the summer, we will be largely sold out through the end of ‘28 with with this equipment,” Chief Executive Scott Strazik said in an interview with Bloomberg Television’s Alix Steel.

And despite the massive interest at the Houston conference around artificial intelligence and its thirst for electricity, Strazik says a very small proportion of the company’s backlog is explicitly related to AI. 

“That’s why there’s so much growth to come, because we’re really just starting,” he said.

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(Removes erroneous percentage from fourth paragraph on story published March 11.)

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