Today’s demand: The data center buildout has propelled a gas turbine shortage—they now come with six-year lead times. That’s sending production into overdrive: Global gas turbine production capacity is set to reach 102 GW by 2030 (up from 67 GW in 2025).
Too gassy? If AI power demand lands lower than expected (or other speed-to-power equipment, like batteries, end up outcompeting gas), we could see an oversupply.