Mitsubishi’s latest generation of gas turbines churn out the maximum amount of electricity per unit of fuel burned.
As per sources familiar with the matter at hand, in 2018 General Electric Co managed to book the most orders for electricity-generating gas turbines; however its ranked second for the largest and most advanced turbines with Mitsubishi Hitachi Power Systems taking the lead in this category.
Since 2011, demand for gas turbines has tread a downward path, which in turn has stoked fierce competition for deals, prompting manufacturers to slash jobs and close factories.
GE itself is in the midst of a multi-year restructuring of its power business, which in 2018 lost $808 million.
Data from McCoy Power Reports rank Mitsubishi grabbing 41% of the orders for 100MW plus turbines, followed by GE which captured 28% of turbine market, followed by 25% for Siemens AG.
For the latest “post F-class,” the latest generation in turbines, Mitsubishi cornered 49% of orders, followed by 34% from GE and 16% from Siemens, shows the data.
Although the latest, more advanced turbines churn out more electricity per unit of fuel burned, orders for these highly advanced turbines have dwindled in the entire market.
In 2018, GE suffered a high-profile breakdown with one of its advanced advanced turbines failing in Texas in 2018 following which it warned that it may have to spend $480 million on repairs for the global fleet.
Incidentally, the ranking shows GE had dominated for orders for older-technology F-class turbines and that it had an overall tally of 33% of orders by capacity, compared with 31% for MHPS and 26% for Siemens.
GE is “proud to the leader … as it has been every year since 2010,” said the company’s spokeswoman Kirstin Carvell.
Siemens did not immediately respond to requests for comment.
In a statement, Mitsubishi said its ranking is largely reflective of orders for its new J-Series turbine, whose turbines have a efficiency greater than 64% and a reliability score of 99.5%.