U.S. fossil fuel power generation spending may surpass that of China for the first time in decades

```htmlGolden Ten Data reported on July 1 that, due to companies rushing to build data centers and a surge in gas turbine orders, investment in fossil fuel power generation in the United States is expected to surpass China for the first time in decades. According to the International Energy Agency (IEA), US investment in coal and gas power plants this year will reach 5 billion USD, about 300 million USD higher than China. The growth in US investment comes from an increase in the number of gas turbine orders and soaring prices; as demand exceeds production capacity, gas turbine prices have risen significantly. IEA data shows that US customers ordered about 20 gigawatts of gas turbines in the first quarter of 2026. Modern artificial intelligence facilities require 1 gigawatt to several gigawatts of electricity, equivalent to the power consumption of a Western city.```