Top Gas Turbine Maker Bets on Taiwan as Country Phase Outs Nuclear

One of the top natural gas turbine makers in the world, GE Vernova, sees big opportunities in Taiwan, which is set to phase out nuclear this year and needs more gas-fired generation to power its chip-making industry, GE Vernova’s chief executive Scott Strazik told Bloomberg in an interview published on Monday. Taiwan, which has one operational nuclear power reactor, plans to switch it off in the middle of 2025. Taiwan’s Democratic Progressive Party elected in January 2016, and re-elected in 2020, has a policy of phasing out nuclear…