AIFinancial Postabout 22 hours ago
AI Boom Has Europeans Paying Extra to Secure Gas Turbines
1 min read
Customers in Europe are paying reservation fees to secure spots in production queues for gas turbines, Siemens Energy CEO Christian Bruch said. The practice, which emerged in the US, has spread to Europe and the Middle East as data centers and electrification projects drive intense demand. Reservation fees run between 10% and 15% of a turbine's purchase price.
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