RWE to invest $19 billion in U.S. gas power generation by 2031

Summary

RWE plans to invest $19 billion in U.S. gas-fired power generation by 2031, expanding its capacity from 13 GW to 22 GW. This investment comes as electricity demand in the U.S. is expected to grow by about 2% annually, driven by AI infrastructure and advanced manufacturing. RWE's strategy marks a shift from its previous focus on offshore wind to flexible gas peaking capacity.

Recent Coverage

• RWE to invest $19 billion in U.S. gas power as demand jumps

  Oil and Gas 360 • Mar 12

• RWE Accelerates U.S. Growth with €17 Billion Planned Investment Over Next Six Years and Strategic Expansion into Flexible Gas Generation

  PR Newswire • Mar 12

• RWE to Invest $19 Billion in U.S. Gas Power as Demand Jumps

  OilPrice.com • Mar 12