Sermsang Power Corporation Public Company LimitedSSP
▲ PositiveCapitalrelevance
SSP targets doubling assets in 3-4 years and plans to sell its Japan Yamaga plant for 1 billion baht, recognizing an extraordinary profit and cutting IBD/E to ~2x.
Impact on assets 1
Energy Transition & Power Demand▲ · 1 stocks
Sermsang Power Corporation Public Company LimitedTheme Impact 2
Off-coverage companies
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GE Vernova Backlog Hits $176B as AI Power Demand Drives Orders
GE Vernova closed its most recent quarter with a $176 billion backlog, with management guiding to $200 billion in 2027, as surging AI power demand drives turbine capacity rationing. Q2 orders came in at $24.2 billion, up 88% organically, and the company signed 20 GW of gas contracts in the quarter alone, expecting at least 125 GW of gas equipment under contract by year-end 2026. CEO Scott Strazik told analysts the company expects to be "mostly sold out through 2030," with 2031 slots already filling, while annual turbine output scales from 20 GW in Q3 2026 to 24 GW in 2028 and 30 GW in 2030. Q2 free cash flow hit $5.1 billion, exceeding all of full-year 2025, prompting management to raise 2026 free cash flow guidance to $11.5 billion to $12.5 billion from a prior range of $6.5 billion to $7.5 billion, double the quarterly dividend to $0.50 per share, and lift buyback authorization to $10 billion. Electrification orders grew 66% organically at a book-to-bill of 1.7x, with data center orders crossing $5 billion year-to-date, more than double the entire 2025 total, though the Wind segment remains a drag with revenue down 10% in Q2 and roughly $400 million of full-year segment EBITDA losses expected.
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Victoria bans data centres in residential areas with 150-metre buffer zones
The Australian state of Victoria has announced a ban on building data centres in residential areas, along with regulations requiring operators to source their own renewable energy, use recycled water for cooling, and cover the cost of upgrading the electricity grid, in a bid to reduce impacts on communities and counter local opposition. Victorian Premier Ben Carroll of the Labor Party said today that while data centres are critically important to the economy, operators must take measures that ensure they do not place severe strain on local water and electricity resources. Data centres will have to procure additional renewable energy generation to match their new electricity demand, and will not be permitted to locate in residential areas, with a buffer zone of at least 150 metres from homes. Meanwhile, Australian Prime Minister Anthony Albanese is pushing for a national standard for data centres, to balance capturing the benefits of surging demand against easing community concerns. Analysts at Westpac Banking estimate that spending on the data centre business could reach 225 billion Australian dollars, or about 160 billion US dollars, with most of the spending expected to occur over the next three years.
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Vestas Unveils V182-7.2 MW Turbine With Larger Rotor to Boost Onshore Wind Returns
Vestas has unveiled a new onshore wind turbine, the V182-7.2 MW, that uses a larger rotor to increase electricity production without raising its 7.2-MW rated capacity. The Danish manufacturer said the new model can deliver up to 6% more annual energy production than the V172-7.2 MW, depending on site conditions, while also reducing the levelized cost of electricity. The key change is a 182-meter rotor paired with the same 7.2-MW rating as its predecessor, giving the turbine a lower specific rating so it generates more effectively in lower wind speeds. Vestas said the design can lift capacity factors by as much as 2% and improve electricity capture prices by as much as 3%, since it produces a greater share of its power during lower-wind periods when wholesale prices may be higher. The V182-7.2 MW is aimed primarily at low- to medium-wind locations in Europe, Australia, South Africa and the Americas, and is based on Vestas' existing EnVentus architecture, which has more than 15 GW of installed capacity across more than 25 countries.