Siemens, Alstom & Co .: Turbine builders hope for a gas renaissance

Munich Large gas power plants have long been considered obsolete. With the energy transition, renewable and small, decentralized solutions were in demand. The suppliers of large gas turbines such as Siemens Energy, General Electric with Alstom and Mitsubishi have been reducing capacities for years.

But now there are growing hopes of a renaissance in the industry. “I am cautiously optimistic that gas will be seen worldwide as an important part of the energy transition,” said Jochen Eickholt, who, as a member of the management board, heads the power plant division of Siemens Energy, told Handelsblatt.

This applies not least to the domestic market: if Germany wants to achieve 80 percent renewable energies by 2030 – as provided for in the coalition agreement – a whole range of new gas-fired power plants will be needed. “I don’t know anyone who would know how else to do it.”