Gas Turbine Prices Are on Track to Nearly Triple. These Stocks Are Cashing In

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These Stocks Are Cashing In James Brumley, The Motley Fool August 23, 2026 6 min read NVDA +0.97% Just a few years ago, most people may not have even known what a natural gas power turbine was, or what they're used for.

Today, investors keeping tabs on the artificial intelligence (AI) revolution are almost certainly familiar with them, and the AI industry's lack of them.

See, gas turbines generate onsite electricity that AI data centers need, but utility companies aren't in a position to deliver.

Anywhere from the size of a delivery truck to a train car, these massive machines can put out watts to power a small city, or -- obviously -- an AI data center.

They just need a supply of natural gas, which is now proving easier to get than an institutional-scale hookup to a power grid.

In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.

For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia.

Continue » And the AI industry is most definitely embracing the solution.

Although the majority of them aren't yet operational, BloombergNEF reports that there are nearly 100 data centers with, or building, on-site natural gas turbine power infrastructure.

Although they come with a higher upfront cost, owners/operators like their long-term cost-effectiveness and the self-sufficiency they enable.

To this end, PwC expect the AI industry's consumption of natural gas to more than quintuple by 2035, with power turbines accounting for much of this growth.

There's just one not-so-small problem with the idea.

That is, with demand greatly exceeding supply, prices of natural gas power turbines are soaring.

As energy industry consulting and research firm Wood Mackenzie noted earlier this year, by the end of next year, the per-kilowatt cost of gas-powered turbines could be 195% higher than where it was in 2019.

What's frustrating for AI data center owners, however, is a boon for the few companies capable of making such heavy equipment.

To this end, here's a closer look at the publicly traded companies already cashing in on the craze and likely to continue doing so for at least several more years.

It is, however, a look at the names leading the business, as well as at the pure-play natural gas turbine companies most accessible to investors.

If there's one single-best way to capitalize on the swell of demand for gas turbines, it's GE Vernova (NYSE: GEV).

Although GE Vernova makes everything from wind turbines to power grid solutions to hydropower equipment, natural gas power turbines for AI data centers are its leading profit center right now and for the foreseeable future.

Last quarter's organic revenue growth of 12% was led by 14% growth in the power division, which includes gas turbines.

That's not huge, but it's also not the whole story.

This unit's total orders jumped 134% year over year in Q2, beefing up its backlog by $13 billion, to $176 billion.