GE Vernova is an independent company that was spun off from General Electric in 2024, formed to lead in the new era of energy focused on electrification and decarbonization. Building on over 130 years of experience in power and energy technologies, GE Vernova combines its legacy and cutting-edge innovations to accelerate the transition to sustainable energy. The company serves a vital $265 billion industry segment, projected to grow to $435 billion by 2030, reflecting the increasing global demand for reliable, affordable, and low-carbon electricity.
The company’s portfolio includes gas turbines, onshore and offshore wind turbines, grid technology, and software solutions which together help customers worldwide reduce carbon emissions and improve the efficiency and reliability of electricity generation and distribution. Among its innovations is the Haliade-X offshore wind turbine, known as the first to start producing power at the UK’s Dogger Bank Wind Farm, and the development of small modular reactors such as the BWRX-300 designed for carbon-free electricity generation.
GE Vernova is headquartered in Cambridge, Massachusetts, a location chosen for its global headquarters in late 2022. The company carries forward the iconic GE Monogram logo with a unique evergreen brand color symbolizing a new, greener energy future. Its mission is to electrify the world while working simultaneously to decarbonize it, reflecting a commitment to sustainability, innovation, lean operations, disciplined growth, margin expansion, and effective capital allocation.
The company went public on the New York Stock Exchange under the ticker symbol “GEV†in April 2024, marking a significant milestone in its independent journey. Its CEO, Scott Strazik, emphasizes GE Vernova’s essential role in powering modern civilization by meeting growing power demands while prioritizing health, safety, security, and improved quality of life through cleaner energy solutions.
GE Vernova represents a purpose-built entity aimed at accelerating the energy transition, leveraging a broad scope and scale of solutions to facilitate the global move towards a sustainable energy future.