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Industry

GE Vernova gas turbines sold out through 2029 amid surging AI power demand

Surging power demand from the expansion of AI data centres is boosting the U.S. power-generation equipment market. GE Vernova, one of the world’s largest gas turbine makers, says orders for large gas turbines are effectively filled through 2029. Major hyperscalers are expanding adoption of industrial turbines to secure reliable electricity as grid connections face delays. GE Vernova is increasing production capacity and hiring in South Carolina.

Industry

Hanwha Power enters U.S. fuel gas compressor market for first time

Hanwha Power has entered the U.S. combined-cycle power generation market, leveraging cooperation with Korea Southern Power. The company said it took part in an event marking the completion and start of commercial operations at the Trumbull Energy Center combined-cycle power plant in Trumbull County, Ohio. Hanwha Power supplied three fuel gas compressors and secured a nine-year long-term service agreement covering spare parts and three major overhauls.

Finance

NH NongHyup Bank to set up consumer protection committee within board

NH NongHyup Bank is revamping its consumer protection governance to protect financial consumers\' rights and strengthen trust-based management. The bank said it will put the plan to its board meeting on June 25. It will create a board subcommittee called the Consumer Protection Committee and have it handle key consumer protection agenda items. The bank will also strengthen procedures for appointing and dismissing its chief consumer officer.