by JIANG Xi
China's oilfield services firm Jereh has secured a $341 million contract to supply gas turbine generator units to power data centers in North America, as it expands into power equipment to tap AI-driven demand.
The Shenzhen-listed company said on March 30 that its wholly owned subsidiary GenSystems Power Solutions LLC signed the deal with an unnamed U.S. client. The contract equals about 2.36 billion yuan, or 17.66% of Jereh's 2024 revenue.
The units are modular, allowing rapid transport, on-site assembly and flexible expansion, helping meet tight timelines and space constraints.
This is Jereh's fifth such contract with U.S. customers since November 2025 and its fourth North American client. The company has secured more than 5.7 billion yuan in such orders over the past four months.
A company representative said orders for data center power generation only began in late 2025, though Jereh sold limited gas turbine units in 2021 and 2023. The segment has since become a key growth driver.
Jereh, founded in 1999 and listed in 2010, has long focused on oil and gas equipment but is shifting toward power. It set up a dedicated energy business unit in 2025 to integrate related operations, targeting data centers, industrial energy and new power systems.
The shift comes as rapid growth in AI computing increases pressure on power supply. Gas turbines, often paired with storage, are becoming standard in North America and Europe where grid expansion is constrained.
Jereh shares closed at 93.79 yuan on March 30, up 66.21% since early December.
