Data centers bought more electrical equipment in the first three months of 2026 than they did in all of 2025, officials with GE Vernova said Wednesday.
The announcement is a sign of how the race to build data centers for artificial intelligence is gaining speed, as technology companies scramble for ways to power their energy-hungry facilities. Orders across GE Vernova’s business were up almost 80 percent compared to the same time last year. Strong demand for new gas turbines drove a 60 percent increase at the company’s power division. Meanwhile, orders from its electrification division, which makes equipment like substations, switchgear and transformers, essentially doubled.
The strong start to the year prompted the company to raise its revenue and profit projections for the year, sending its stock 13 percent higher Wednesday.
“As global electrification accelerates, the structural drivers underpinning demand for our solutions continue to strengthen,” GE Vernova’s chief executive, Scott Strazik, told financial analysts.
