“Power to date, which has been extremely strong, has been mostly fleet modernizations. But we are starting to see, particularly going into Q4 and the early part of next year, newer capacity coming online, particularly gas-fired in North America.”

In context

“Ram Krishnan (Chief Operating Officer): Power to date, which has been extremely strong, has been mostly fleet modernizations. But we are starting to see, particularly going into Q4 and the early part of next year, newer capacity coming online, particularly gas-fired in North America. Data center opportunities are behind-the-meter and greenfield. On the DGM side, a lot more is greenfield as well. So you will start to see more greenfield in the numbers, but to date the momentum has been on fleet modernizations or brownfield.”