With power demand surging and fossil fuels back in fashion, it is a good time to be making turbines for gas-fired power plants. The question for the industrial companies that manufacture these colossal machines is how long the party will last.

Gas turbines—essentially landlocked jet engines that generate power—are in hot demand as a way to provide reliable electricity, especially for power-hungry data centers. Utilities and tech giants are locking in orders for the late 2020s. The cost of new gas power plants has roughly doubled since mid-2023, largely reflecting more expensive turbines, according to research firm Oxcap. 

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