 | |
 Headquarters inCambridge, Massachusetts | |
| Company type | Public |
|---|---|
| Industry | Energy |
| Predecessors | General Electric |
| Founded | April 2, 2024; 22 months ago (2024-04-02) |
| Headquarters | Cambridge, Massachusetts, U.S. |
Key people | |
| Revenue |  US$38.07 billion (2025) |
| US$1.388 billion (2025) | |
| US$4.884 billion (2025) | |
| Total assets | US$63.02 billion (2025) |
| Total equity | US$11.18 billion (2025) |
Number of employees | 70,000 (2025) |
| Subsidiaries | |
| Website | gevernova.com |
| Footnotes / references [1] | |
GE Vernova, Inc.[2] is an energy equipment manufacturing and services company headquartered inCambridge, Massachusetts.[3] The company operates through three main segments: Power, which designs, manufactures, and services gas,nuclear, hydro, and steam technologies; Wind, which provides onshore and offshore wind turbines and blades; and Electrification, which offers grid solutions, power conversion, solar and storage solutions, and digital technologies for the transmission, distribution, and management of electricity.[4][5]
GE Vernova was formed as part of the breakup ofGeneral Electric (GE), which was founded in 1892 through the merger ofThomas Edison's Edison General Electric Company and Thomson-Houston Electric Company. In November 2021, GE announced plans to split into three independent public companies.[6]GE HealthCare was spun off in January 2023, followed by the spin-off of GE's energy businesses in April 2024 to create GE Vernova from the merger ofGE Power,GE Renewable Energy,GE Digital, andGE Energy Financial Services.[7][8] The remaining aviation business becameGE Aerospace.[9][10]
GE Vernova engages in various contracts and partnerships with theU.S. government, including securing a deal to supply propulsion load systems for U.S. Navy testing facilities,[11] collaborating on cybersecurity assessments with the Department of Energy's CESER program,[12] participating in coalitions for small modular reactors with utilities like TVA to apply for DOE grants,[13] and working with the government to boost stockpiles of rare earth yttrium amid supply concerns.[14]
GE Vernova operates an Advanced Research Center inNiskayuna, New York, co-located on the historicGE Research campus that traces its origins to the company's 1900 establishment of one of the first industrial research labs in the U.S., founded byThomas Edison,Willis R. Whitney, andCharles Steinmetz; this independent facility, separate fromGE Aerospace's research center on the same campus, serves as a key hub for energy innovation.[15][16] In 2025, GE Vernova announced an investment of over $105 million, supported by the State of New York, to expand the 50,000-square-foot center, creating 75 new research positions focused on technologies such ascarbon capture, alternative fuels for power generation, AI and robotics for manufacturing, and advanced grid solutions. The center is characterized by a high concentration of advanced degree holders, with a significant majority of its research staff possessing PhDs in specialized engineering and physical science disciplines. Its workforce includes a global cohort of scientists and engineers recruited from top-tier technical universities and industrial research programs.[17][18]
GE Power was founded as GE Energy in 2008, and was a division ofGeneral Electric. GE Energy was headquartered inAtlanta, Georgia.[19] GE Energy was founded as part of a company-wide reorganization prompted by financial losses leading to the formation fromGE Infrastructure division.[20] In 2012 GE Power was created following the spin-off of GE Energy.[21]
Between April and June 2014, General Electric entered into negotiations to acquire the energy business of the French groupAlstom. On April 24, 2014, the first information was published about General Electric's partial takeover of Alstom for $13 billion.[22] On April 30, Alstom's board of directors accepted General Electric's €12.35 billion offer for its energy business.[23] General Electric confirmed its offer of $16.9 billion.[24]
In 2015, the Franco-American subsidiaryGE Renewable Energy was created from the acquisition of the energy activities (Alstom Power and Alstom Grid) of Alstom, which specializes in renewable energies. It was headquartered inBoulogne-Billancourt, France and focused on the production of energy systems that use renewable sources. Its products included wind (onshore and offshore), hydroelectric and solar (concentrated and photovoltaic) power generating facilities.[25]
In January 2016, General Electric announced that it was cutting 6,500 jobs in its energy division, GE Power.[26] In October 2016, General Electric announced the acquisition ofLM Wind Power, a Danish company that is one of its main suppliers of wind turbine blades, for $1.65 billion.[27]
In May 2018, Alstom announced the sale of its interests in its three joint ventures with General Electric to GE for €2.594 billion. These joint ventures were active in the power grid, nuclear and renewable energy sectors.[28]
In July 2018, one month after buying all the shares in its joint venture with Alstom, General Electric announced a restructuring plan for the Hydro division, cutting 1,330 jobs worldwide, including 293 jobs inGrenoble, France even though GE had committed to creating 1,000 jobs in France when it bought Alstom's energy division.[29][30]
On April 18, 2021, GE Steam Power's management announced that it was reducing its job cuts plan, deciding to save 94 jobs and thus cut 144.[31] On April 30, 2021, the unions in France announced that they would continue to blockade the steam power site inBelfort "for as long as necessary", also blocking the special convoy transporting a turbine to theHinkley Point nuclear power plant in the UK.[32]
On November 9, 2021, General Electric announced that it would split into three publicly traded companies. The following year, they announced the names would beGE HealthCare,GE Aerospace, and GE Vernova.[33] GE Healthcare was the first to be spun off, on January 4, 2023.[34] GE Vernova was the second to be spun off. In preparation for the spin-off, GE Vernova, LLC was founded on February 28, 2023.[35] The LLC was incorporated on April 2, 2024,[36] as GE Vernova Inc. and was listed on theNew York Stock Exchange under ticker symbol GEV.[37] After the completion of the two spin-offs, the remaining part of General Electric rebranded itself GE Aerospace.[38][39]
In January 2022, France'sEDF and General Electric agreed on a takeover of a major part ofGE Steam Power (formerly Alstom Power),GE Power's nuclear activities. EDF will pay around €175 million for this transaction, once the cash and debt of the acquired business have been taken into account. This formerAlstom Power business, valued at one billion euros, specialises in nuclear turbine-generator sets, in particular "Arabelle", and the maintenance services associated with the reactors deployed.[40] It sold this subsidiary to EDF in May 2024.[41]
GE Vernova is organized into four divisions based in the United States, France andDenmark:
