GE Vernova to Invest $20 Million in Gas Turbine Repair Centre in Singapore
Key Ideas
  • GE Vernova plans to invest $20 million in new repair capabilities for its gas turbine service centre in Singapore, following an expansion of the facility 1.5 years ago.
  • The investment will enhance the facility's functionality to cater to a larger proportion of repair activities for high-efficiency gas turbines, with a focus on the growing installed base in Asia.
  • The company also aims to decarbonize the power sector by utilizing hydrogen and other zero-carbon fuels, with a significant portion of its revenue target coming from Asia by 2028.
  • GE Vernova has been appointed to develop hydrogen-ready power-generation technology for a power plant in Singapore, expected to be commissioned by end-2027, as part of the region's energy ecosystem transition.
GE Vernova, an energy equipment manufacturer, is set to invest $20 million in developing new repair capabilities for its gas turbine service centre in Singapore. The company had previously expanded the facility's scope to include rotor repairs for high-efficiency gas turbines. This additional investment is part of a commitment to enhance the repair centre's functionality and cater to a larger share of repair activities, especially for gas turbines in Asia. The expansion will include the use of robotics and artificial intelligence and will create over 100 technical roles in the next five years. The CEO of GE Vernova's gas power business in Asia highlighted the benefits of the investment for gas turbine owners in the region, emphasizing improvements in lead time and repair component delivery during outages. Despite the global push for decarbonization, the company sees a continued role for gas in the power sector, with a growing installed base for gas turbines in Asia. This includes turbines that can be powered by hydrogen as well as natural gas. The company's ambitious revenue targets for the future indicate a significant focus on Asia, with plans to hit $35 billion in revenue this year and at least $45 billion by 2028. GE Vernova views Asia as a crucial contributor to its global growth, with Taiwan showing considerable demand for gas turbines and opportunities emerging in South-east Asia, particularly in markets like Malaysia and Indonesia with the construction of data centers. Additionally, GE Vernova, as part of a consortium, has been selected to develop hydrogen-ready power-generation technology for a power plant in Singapore. This initiative aligns with the region's energy transition plans, aiming to commission the plant by end-2027. The company emphasizes its commitment to decarbonize investments in South-east Asia with zero-carbon fuels like hydrogen, positioning gas investments as a facilitator for the adoption of other technologies in the long run.
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