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Demand for gas turbines — and nuclear power — has already met or exceeded expectations just three months into Mitsubishi's 2026 financial plan, according to Mitsubishi Heavy Industries Senior Vice President and CFO Hiroshi Nishio.
Mitsubishi's newly restructured Energy Systems division saw order intake rise 56% year over year in the first quarter of the company's fiscal year, which begins in March. The company booked 10 orders for large-frame gas turbines — four bound for the United States and six for Japan — during the first quarter, Nishio said during a briefing on August 6, according to an English-language transcript provided by the company.
Mitsubishi sold 35 large-frame gas turbines, for a total of 16 GW, in its 2025 fiscal year, according to the company’s financial release. Its current backlog for the turbines is 35 GW, up from 23 GW a year earlier.
“Demand for large-frame gas turbines remains broadly in line with, or slightly above, the strong level we had anticipated,” Nishio said.
