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3 December 2007 -- GE Energy expects to invest roughly $50 million to increase supply chain and engineering capacity and will more than double its global capabilities to meet steam turbine demand around the world, company officials said. Output will be expanded in GE's steam turbine production and engineering centers in North America, Europe and Asia.

Much of the current demand for steam turbines is being driven by the strong global interest in combined-cycle power generation plants. Since the first of this year, GE has received orders totaling more than $2 billion to supply equipment for combined-cycle projects in Europe and the Middle East.

GE also is seeing demands worldwide for steam turbines to power cleaner coal and solar thermal projects and is anticipating a potential increase in demand for large steam turbines for nuclear power projects as that sector of the energy industry continues to generate renewed interest.

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