Lorenzo Simonelli
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That's a doubling of what we previously saw.
We just announced a nice win last week also with regards to providing gas turbines, our frame five, to a data center operator.
And again today announcing on the generator side.
So again,
If you look at spend, 2025, about $500 billion was spent on data centers.
We see that increasing by 2030 to a trillion dollars, and it is very much meeting the demand at the moment, and we are making sure we've got the right capacity in place, and we're serving our customers appropriately.
You know, we've seen this administration be very supportive, and as we look at the events today, also we're celebrating the first cargo of LNG from the United States.
And I think it's important to note that 10 years ago, we didn't have any LNG being exported, and today we're one of the largest producers and exporters of LNG around the world.
And as you look at this administration, definitely supportive of continuing to see deregulation, continuing to see faster permitting.
Is everything solved yet?
No, but they're working towards that and continuing to be an energy supplier to the world for affordable, secure, sustainable energy.
The US is definitely a place that's abundant in natural gas.
And as has been said by many, there's many decades ahead of plentiful supply.
And so we've got several opportunities, incremental projects that are currently going through final investment decision.
And as you look at the marketplace,
Again, we see there needing to be an installed base capacity of LNG by 2035 of 950 MTPA.
And so there's a long runway here out into the next decade.
Well, Danny, great to be with you.
And yes, very pleased with the results of 2025 and also the fourth quarter.
And you should be thinking of Baker Hughes as really an energy technology company that intersects the industrial world of data centers, electrification, with also that of energy sources and understanding the molecule itself.