GE Vernova is the energy business spun out of General Electric in April 2024, headquartered in Cambridge, Massachusetts. It covers power generation equipment, wind, nuclear technology and grid hardware, which puts it on both sides of the constraint now shaping U.S. power construction: the turbines and the transformers. Heavy-frame gas turbines are quoted at five to seven years from order to commercial operation and large power transformers at up to 128 weeks, lead times that decide whether announced generation projects can start at all. The company is also a joint venture partner of AirJoule Technologies on atmospheric water generation aimed at data center cooling loads.
The structure is worth knowing before you try to buy anything from GE Vernova. Three segments carry the equipment: Power (gas, nuclear, hydro and steam), Wind (onshore, offshore and blades through LM Wind Power), and Electrification (grid solutions, power conversion and storage, electrification software, and transformers through Prolec GE). Three accelerator businesses sit alongside them — Advanced Research, Consulting Services and Financial Services.
The scale figures the company publishes give a sense of where its installed base sits: roughly 85,000 employees across more than 100 countries, an installed fleet of about 59,000 wind turbines and 7,000 gas turbines, and a technology base that helps generate approximately 25 percent of the world’s electricity. It has 18 U.S. manufacturing facilities with workers across all 50 states.
Against the lead-time problem, the interesting detail is what the company is doing to its own capacity. In January 2025 GE Vernova announced nearly $600 million of investment in U.S. factories over two years, expected to create more than 1,500 jobs, as the first tranche of a $9 billion global capex and R&D plan running through 2028. Almost $300 million of that goes to Gas Power, explicitly to support a stated plan of delivering up to 80 heavy duty gas turbines a year — an additional 20 GW of generation capacity globally. Greenville, South Carolina takes more than $160 million of it, including new hydrogen fuel testing capability; Schenectady, New York gets over $50 million; Parsippany, New Jersey and Bangor, Maine share close to $50 million.
Grid equipment gets its own line: nearly $20 million split between Charleroi, Pennsylvania, which makes switchgear, and Clearwater, Florida, which produces capacitors and instrument transformers. The nuclear business, GE Hitachi, is investing more than $50 million at its Wilmington, North Carolina fuel factory — in production since 1968 — partly to launch the next-generation fuel design for the BWRX-300 small modular reactor. Onshore wind draws close to $100 million across Pensacola, Schenectady, Grand Forks and the Amarillo, Texas remanufacturing site. Pittsburgh receives over $10 million for a domestic FLEXINVERTER line in 1500V and 2000V variants for utility-scale solar and storage.
The Advanced Research Center at Niskayuna, New York takes almost $100 million, with New York State adding $9.6 million in tax credits, covering direct air capture, alternative fuels for power generation, grid technology and critical infrastructure security.
Scott Strazik is chief executive. Regional operations are organised as Americas, Europe, Asia, and Middle East & Africa.
