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GE Vernova | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

GE Vernova is a planned purpose-built company focused on electrifying the planet while simultaneously working to decarbonize it....

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GE Vernova is a planned purpose-built company focused on electrifying the planet while simultaneously working to decarbonize it. As part of GE Power, it is a leader in the energy sector, providing technology, solutions, and services across the entire energy value chain, serving customers in over 150 countries. The company is dedicated to delivering reliable, affordable, and sustainable energy through innovative technologies.

Website
Headquarters
Schenectady, NY
Size
10,001+ employees
Industry
Electric Power Generation
Specialities
Distributed Power, Gasification, Generators, Heavy Duty Gas Turbines, Nuclear Energy, Steam Turbines, power generation, energy

🛍️ GE Vernova Product and Pricing News →

👔 GE Vernova CEO, Management and Leadership Team →

⚔️ GE Vernova Alternatives and Competitors →

💼 GE Vernova Hiring and Layoffs →

🤖 GE Vernova Developer, Integration and Automation News →

📈 GE Vernova Financials, Fundraising and Valuation News →

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🛍️ GE Vernova Product and Pricing News

  • Managers at GE Vernova's LM Wind plant may have falsified quality testing data for Vineyard Wind blades.
  • GE Vernova is not commenting on reports that an investigation found falsified quality control data at its LM Wind Power plant in Gaspé, Canada, linked to a blade detachment incident at the Vineyard Wind project.
  • GE Vernova is advancing solar power technology by transitioning from 1500V to 2kV to improve efficiency, cost-effectiveness, and scalability of solar PV projects.
  • GE Vernova has introduced Controls Lifecare Services offering 24/7 technical support, live remote diagnostics, and parts management.
  • In 2024, GE Vernova became the first wind turbine OEM to build towers with SSAB ZeroTM plate steel, reducing CO2 emissions by over 90% compared to traditional steel.

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  • GE Vernova launched an online store for wind turbine components in Latin America, offering over 30,000 spare parts for more than 3,400 onshore wind turbines.
  • GE Vernova's GridOS software is now operational at the Information and Coordination Centre in Benin, managing energy exchange across 14 ECOWAS nations to support a unified power market in West Africa.
  • GE Vernova is enhancing control systems efficiency and reliability with Nexus Controls integration, featuring the MarkVIe platform and AI technologies, as discussed by Jaime Butler and Chris Long.

👔 GE Vernova CEO, Management and Leadership Team

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⚔️ GE Vernova Alternatives and Competitors

  • Southern Company
    • |
  • CenterPoint Energy
    • |
  • NextEra Energy
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  • Entergy
    • |
  • AEP
    • |
  • Exelon
    • |
  • FirstEnergy
    • |
  • Dominion Energy
    • |
  • Duke Energy
    • |
  • Siemens
    • |
  • Helios & Matheson IT
    • |
  • SDIC
    • |
  • Inter RAO UES
    • |
  • Kansai Electric Power
    • |
  • Chubu Electric Power

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💼 GE Vernova Hiring and Layoffs

  • Emmanuel Thouet has left GE Vernova, where he served as Member of the Board of Directors in Dubai, United Arab Emirates, to become Vice President Construction - MEASEA at ACWA Power.
  • Ørsted's Americas CEO David Hardy will join GE Vernova.
  • David Hardy, former CEO of Orsted Americas, will join GE Vernova as chief commercial officer for wind on January 6.
  • Senthil Kumar . K has started a new position as Regional Leader Construction and Commissioning at GE Vernova.
  • Ismael Pérez Pedrosa has started as LATAM Blade Services Leader at GE Vernova - Onshore Wind.

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  • Rahul Singh has left GE Vernova as Director of Architecture in India to join Noventiq as Principal Enterprise Architect.
  • Stuart Banks has left GE Vernova, where he served as Executive Director, to join AML3D (ASX:AL3) as Senior Vice President - Global Business Development & Sales in Australia.
  • Richard Frank has joined GE Vernova as Offshore Construction Manager - Doggerbank Offshore Windfarm in the United Kingdom, previously holding a similar position at another company.

🤖 GE Vernova Developer, Integration and Automation News

  • GE Vernova will supply the LM6000 gas turbine for the Whyalla Hydrogen Power Plant, announced at the 29th United Nations Climate Change Conference in Baku.
  • GE Vernova and Amazon Web Services have expanded their collaboration to deliver GE Vernova's Asset Performance Management and CERius software in the AWS cloud under a multi-year agreement.
  • GE Vernova showcased innovative solutions and signed key partnerships at the China International Import Expo, including a collaboration with Harbin Electric for a major gas turbine project in Zhejiang.
  • GE Vernova has entered a 15-year partnership to refurbish Ontario Power Generation's hydropower stations in the Niagara region, enhancing their lifespan and performance.
  • On October 29, 2024, GE Vernova and PGE Polska Grupa Energetyczna announced the start of commercial operations for the 1.4-gigawatt PGE Gryfino Dolna Odra power plant in Poland, powered by GE Vernova's HA combined cycle equipment.

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  • GE Vernova partnered with GTI Energy, SwRI, ENERGY, and NETL_DOE on milestones at the STEP Demo Plant to advance low-cost, low-carbon energy technologies.
  • GE Vernova and Iraq's Ministry of Electricity have completed and energized five key substations in Iraq in less than two years as part of a project to improve grid stability and efficiency.
  • GE Vernova supports the West African Power Pool with GridOS Orchestration Software to improve energy exchange across member states.

📈 GE Vernova Financials, Fundraising and Valuation News

  • GE Vernova acquires Woodward, Inc.'s gas turbine combustion parts business to enhance domestic manufacturing and support sustainable energy.
  • Institutional investors, who own 81% of GE Vernova, significantly benefited from a 13% share price increase last week.
  • GE Vernova shares dropped after reporting an unexpected third-quarter net loss due to offshore wind contract losses, despite improved margins in other divisions.
  • Morgan Stanley raised GE Vernova's price target to $301, projecting up to 20% EBITDA margins by decade's end, following strong third-quarter earnings and an 8% year-over-year revenue growth to $8.913 billion.
  • GE Vernova is taking a $700 million charge to address manufacturing defects in its offshore wind turbine blades, as revealed by CEO Scott Strazik, following a blade failure near Nantucket.

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  • GE Vernova, formed from GE's split completed in April 2024, is now part of a group of entities with a combined valuation exceeding $300 billion.
  • On November 14, 2024, the GE Vernova Foundation announced $500,000 in donations to CARE, Team Rubicon, and the Spanish Red Cross for disaster relief in Asia, Europe, and the United States.
  • Effective April 2, 2024, GE Vernova completed its separation from General Electric Company and is now an independent company.

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