Under the contract, INNIO will supply 300 Jenbacher gas engines from the Type J624 and Type J620 series.

Forgent Power Solutions Inc. shares declined 3.7% after the company and some of its backers raised $1.5 billion in a US initial public offering.

Investments include restarting manufacturing of gas turbines, the monster machines needed to supply reliable power for the AI-data-center boom.

Motors and generators are critical components of electrical systems. They are used to automate numerous industrial processes, circulate liquids for cooling and lubrication purposes, and generate ...