GE Vernova

GE Vernova Inc. (NYSE: GEV) is a public, purpose‑built global energy technology company formed in April 2024 through the spin‑off and merger of General Electric’s energy businesses, including GE Power, GE Renewable Energy, GE Digital, and GE Energy Financial Services. Headquartered at 58 Charles Street in Cambridge, Massachusetts, it employs on the order of 80,000 people across more than 100 countries. Customers using GE Vernova technologies generate roughly 25–30% of the world’s electricity, making the company a major supplier of equipment and services that generate, transfer, orchestrate, convert, and store power. In 2025 it reported about $38 billion in revenue, $59 billion of orders and a backlog of around $150 billion. GE Vernova is organized into three core segments supported by accelerator businesses. The Power segment designs, manufactures, and services gas, nuclear, hydro and steam technologies, including a large global fleet of heavy‑duty and aeroderivative gas turbines and the GE Vernova Hitachi Nuclear Energy alliance, which supplies fuel, services and advanced reactor designs such as the BWRX‑300 small modular reactor. The Wind segment encompasses onshore and offshore wind and LM Wind Power, providing turbines, blades and lifecycle services; flagship technologies include the Haliade‑X offshore platform and high‑efficiency onshore turbines. The Electrification segment covers grid solutions, power conversion and storage, and electrification software, including Grid Solutions’ high‑voltage equipment and the Power Conversion & Storage business, which delivers grid‑stabilizing, storage and industrial electrification systems, and the GridOS software platform for grid orchestration. Strategically, GE Vernova focuses on leading the energy transition by simultaneously expanding electrification and reducing carbon intensity. It invests heavily in research and development through Advanced Research Centers in New York and India, pursuing technologies such as carbon capture, hydrogen‑ready gas turbines, advanced grid equipment, digital grid software and nuclear SMRs, and is expanding its manufacturing footprint in areas such as transformers, grid equipment and bushings to support rising global demand for reliable, lower‑carbon electricity.