Overview
Description
GE Vernova Inc. is a leading global energy company specializing in the development, manufacture, and servicing of a comprehensive suite of solutions for power generation, transmission, and energy management. Formed in 2023 following the spin-off of General Electric's energy-related businesses, GE Vernova operates through several key segments: Power, Wind, and Electrification. The Power segment encompasses technologies for gas, nuclear, hydro, and steam electricity generation, while the Wind segment delivers both onshore and offshore wind turbines aimed at advancing renewable energy production. The Electrification division offers grid solutions, power conversion, solar, and storage systems, as well as software for effective energy distribution and orchestration across complex networks. Leveraging a global footprint, the company's products and services support energy infrastructure in regions including the United States, Europe, Asia, and the Middle East. GE Vernova plays a crucial role in accelerating the transition to reliable, affordable, and sustainable energy, providing technologies that underpin approximately a quarter of the world's power generation. Its market presence is significant within the industrials sector, especially as energy systems worldwide move toward decarbonization and increased electrification.
About
CEO
Mr. Scott L. Strazik
Employees
76800
Address
58 Charles Street
Cambridge, 02141, MA
United States
Cambridge, 02141, MA
United States
Phone
617 674 7555
Website
Instrument type
Common stock
Sector
Industrials
Industry
Specialty Industrial Machinery
Country
United States
MIC code
XNYS