Siemens Energy’s Gas Turbine Business Is Booming
Siemens Energy’s gas turbine business is ramping up considerably, in large part due to demand from data centers (Data Center Dynamics).
Why it’s happening: Richard Reisig, managing director of investments and asset management at Siemens Energy, told DCD that “underinvested grid assets, industrialization and reshoring” are among the top factors behind the increasing demand for turbines.
- “Data centers could account for about 12% of U.S. power demand, something we’ve never seen before in history, and it’s the biggest part of the growth.”
Why turbines? Siemens Energy is seeing its market expand around the world due to the advantages of turbines, Reisig said.
- “Gas turbines can be deployed quickly and produce power in a number of different scenarios,” he said. “They give developers flexibility to deploy other technologies alongside them—they’re flexible, fast, predictable and financeable.”
The growth: “From 2025 through the first half of 2026, [Siemens Energy] booked 54.3 gigawatts of firm gas turbine orders,” (The Wall Street Journal, subscription).
The investments: In February, Siemens Energy announced a $1 billion expansion of its U.S. manufacturing base, focusing on the production of gas turbines and power grid equipment. It expects to create more than 1,500 high-skilled jobs.
- “The investment brings us closer to our customers and helps us optimize supply chains,” Reisig told DCD. “It also gives us real-time feedback on our technology development. The closer we work with our customers, the better the outcome we’re looking for.”
Looking ahead: Demand for gas turbines far outstrips supply—and that imbalance could persist.
- “It remains to be seen when supply will actually catch up,” Reisig said. “The question is whether timelines will get even longer as demand stretches further.”
Photo credit: Siemens Energy
