GE Vernova (NYSE:GEV) (NYSE: GEV) is a global energy company formed through the spinoff of General Electric’s energy businesses in August 2023. Headquartered in Boston, Massachusetts, GE Vernova comprises three principal business segments—Gas Power, Power, and Renewable Energy—alongside Energy Financial Services and Digital Solutions. The company’s creation reflects a strategic focus on delivering integrated energy solutions and accelerating the transition to a lower-carbon future.
In its Gas Power segment, GE Vernova designs, manufactures and services a broad portfolio of gas turbines, generators and modular power plants, supporting customers with flexible dispatch capability. The Power segment encompasses steam turbines, generators and condensers for both utility-scale and industrial applications, while offering aftermarket support, spare parts and lifecycle services. In Renewable Energy, the company develops, installs and maintains onshore and offshore wind turbines, hydroelectric equipment and grid-stabilization technologies, helping utilities and independent power producers enhance reliability and optimize performance.
Serving customers in more than 140 countries, GE Vernova leverages a global footprint of manufacturing facilities, R&D centers and service networks. The company’s Digital Solutions team integrates data analytics, edge computing and the Predix platform to deliver advanced asset performance management, predictive maintenance and operational efficiency improvements. Through long-term service agreements, digital monitoring and field support, GE Vernova aims to extend equipment life, reduce downtime and lower total cost of ownership.
Led by CEO Scott Strazik, GE Vernova maintains a leadership team with deep industry expertise in energy technology and project execution. The company emphasizes sustainability, innovation and customer focus as core tenets of its strategy, pursuing partnerships and investments in emerging technologies such as hydrogen and carbon capture. By combining proven engineering capabilities with digital innovation, GE Vernova seeks to help customers meet their energy and environmental goals while advancing a resilient, decarbonized energy system worldwide.
