Gas turbines: what market size in energy transition?

Combined heat and power systems are 20-30% lower-carbon than todayโ€™s gas turbines, as they capture waste heat. They are also increasingly economical to backstop renewable-heavy grids. Amidst uncertain policies, the ultimate market size for US CHPs could vary by a factor of 100x. We nevertheless find 30 companies well-placed in a $9trn global market.

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