NR2201

NEWS RELEASE                                                                                        FEBRUARY 2016

Gas Turbine after Market is both Substantial and Concentrated

As the U.S. switches from coal to gas a very large after market is developing for intake filters, valves, pumps, turbine and HRSG components.  McIlvaine quantifies and tracks all the activity in Gas Turbine and Combined Cycle Supplier Program.

Of the 440 GW of gas turbine-generated power operating in the U.S. as of the end of 2015, 170 GW or over one-third is produced by the top ten producers.

Largest Gas-Turbine Power Producers in the U.S.
Based on Capacity as of the end of 2015

Rank Power Producer Gas-Turbine Power Production
Total Capacity (MW) Number of Facilities Total Number of Units
1 Calpine 27,894 63 190
2 Duke Energy 25,061 42 242
3 NextEra Energy 20.735 18 132
4 Southern Co 19,919 30 138
5 NRG Energy 18,946 57 238
6 Dynegy 14,022 23 96
7 TVA 12,201 15 118
8 Berkshire Hathaway 11,812 24 107
9 Engie 10,260 19 57
10 LS Power 9,492 17 70

Note:  “Total Number of Units” includes both combustion and steam turbines.

Most of these producers are large, U.S.-based energy companies.  However, Engie (known as GDF Suez until April 2015) is a France-based multinational energy company and one of the largest independent power producers in the world.  In 2011 and 2012, Engie doubled its U.S. power generation capacity through acquisitions.  Berkshire Hathaway is essentially a holding company with an energy division which includes MidAmerican Energy (acquired in 1999), PacifiCorp (2005) and NV Energy (2013). 

Identifying key decision makers has become particularly difficult over the last decade due to electricity restructuring in the U.S. The distinction between regulated and deregulated companies has become blurred.  Power plants are bought and sold frequently as companies and utilities seek to make a profit in the new market-oriented environment.

McIlvaine has been tracking ownership changes and reports on them regularly along with identifying every new and existing power plant and project worldwide.  For more information on 59EI Gas Turbine and Combined Cycle Supplier Program click on:  http://home.mcilvainecompany.com/index.php/markets/28-energy/610-59ei