The AI boom is too power-hungry: the price of gas turbines has risen 300% in three years

The AI boom continues to heat up, and competition centered on compute power is also pushing further up the industrial chain. With large data centers accelerating construction, gas turbines—an established piece of equipment—are also seeing new development opportunities. A few weeks ago, Microsoft just purchased seven large gas turbines from the energy giant GE Vernova to power its data centers in Texas. Although the price of a single gas turbine exceeds $250 million, market demand for such complex equipment still far outstrips supply. According to estimates from U.S. investment research firm Melius Research, over the past three years, gas turbine prices have cumulatively risen by about 300%. GE Vernova’s stock price has also increased by more than 70% over the past six months, and even industry rivals such as Caterpillar and Siemens have all achieved rapid growth. However, multiple experts have also said that gas turbines alone are not sufficient to meet all of the energy needs of the AI era; in the future, data centers will still need multiple energy solutions working together to support operations. From a macro perspective, how to build a more stable and efficient energy system will also become an important issue facing the development of the AI industry. (CCTV Finance)
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