Scott Strazik sees flat prospects for onshore wind amid ongoing 'purge' of offshore backlog, but data centres line up to power AI with gas turbines

Weakness in the wind segment has been offset by strong demand for GE Vernova's gas turbines and electrical grid equipment to serve soaring power needs of data centers. "I can't think of a time that the gas business has had more fun than they're having right now," Strazik said.

The head of GE Vernova Inc., which makes equipment for wind farms and gas-fired power plants, said electricity demand to run data centers is favoring the fossil fuel over the renewable energy source — at least,