AI Data Center Power Shortage Reshapes Gas Turbine and SOFC Supply Chains

The power shortage created by the AI data center boom is reshaping global gas turbine and solid oxide fuel cell (SOFC) supply chains, with GE Vernova and Bloom Energy posting strong second-quarter order growth and revenue gains, according to Jiemian News. GE Vernova said second-quarter gas turbine new orders reached 12.1 GW, up 137% year on year, while its power segment backlog rose to $111.649 billion and the order book stretched to 5.31 years. Bloom Energy reported second-quarter revenue of $1.065 billion, up 165.5%, raised its full-year revenue guidance to $3.9 billion-$4.2 billion, and said it held about $20 billion in backlog. Jiemian News said the overseas demand surge is filtering into China’s A-share market, but the supply chain is splitting into companies with real orders and those still trading on concepts. Jereh Group said it had won more than $3.1 billion in gas turbine generator set and related orders from November 2025 through the release of its half-year results, including a $1.465 billion supply contract signed in July by its J&F Power Systems unit with a major cloud services provider. The company also signed a strategic cooperation agreement with Siemens Energy in May. By contrast, companies such as Wanze Co., Yingliu Co., Sanhuan Group, and Zhenhua Co. are still largely in supplier qualification, sample delivery, or small-batch shipment stages, while some SOFC and gas turbine concept stocks have not disclosed formal orders from GE Vernova or Bloom Energy.