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This lecture covers the fundamentals of gas turbines, including the thermodynamic cycle, efficiency, and classification. It also delves into the concept of combined cycle gas turbines, explaining their working principle, main components, and efficiency. The instructor discusses the application of gas turbines in the market and analyzes the Levelized Cost Of Electricity (LCOE). Key takeaways include the advantages and disadvantages of natural gas, the importance of blade cooling, and the classification of gas turbines based on their usage. The lecture emphasizes the significance of optimizing pressure ratios, increasing turbine inlet temperatures, and adopting advanced cycle configurations to enhance efficiency.