GE Vernova Inc.

Overview

• Independent electric power technology, services, and software company formed after GE’s spin-off completed on April 2, 2024. GE distributed all shares of GE Vernova to GE stockholders and GE Vernova became a stand-alone company.
• Focuses on electrification and decarbonization across the global electric power value chain, delivering products, services, and software that generate, transfer, convert, store, and orchestrate electricity.
• Structured into three business segments: Power, Wind, and Electrification.

Scale and reach

• Global workforce: approximately 75,000 employees.
• Global footprint: about 600 sites in 458 cities and 97 countries; 80% of sites leased, 20% owned.
• Manufacturing footprint: 91 manufacturing sites (Power 41; Wind 17; Electrification 33).
• Annual purchasing: roughly $20 billion in materials and components sourced from more than 100 countries.
• Installed base contribution: approximately 25% of the world’s electricity.

Business segments and capabilities

Power

• Gas Power: a wide spectrum of heavy-duty and aeroderivative gas turbines, with service offerings across the asset lifecycle.
• Nuclear Power: technology solutions for pressurized water reactors and participation in small modular reactor (SMR) development through joint ventures with Hitachi.
• Hydro Power: products and services for large and small hydropower.
• Steam Power: steam turbine technologies and services, supporting North American nuclear plants and coal-to-low-carbon transitions.
• Metrics: gas turbine installed base of ~7,000 units; ~1,800 units under long-term service agreements; average remaining contract life around 10 years.
• Backlog-related data (as of 12/31/2025): 51 HA-Turbines in RPO (43 installed/commissioned); 126 HA-Turbines in the installed base with ~3.6 million operating hours.

Wind

• Onshore Wind: turbines and services, with primary workhorse models including 2.8-127m, 3.6-154m, 6.1-158m, and 6.0-164m units; services to optimize asset performance.
• Offshore Wind: offshore technologies and wind farm development; flagship turbine workhorse is the Haliade-X 220m.
• LM Wind Power: blade design, production, and testing.
• Portfolio approach: simplified to fewer, more reliable workhorse products; roughly 75% of equipment RPO is concentrated in these core offerings.
• Service and installed base: about 24,000 onshore wind turbine service agreements included in RPO, with an installed base of approximately 59,000 turbines.
• U.S. market: the U.S. represents about 60% of Onshore Wind equipment RPO; offshore wind projects have faced regulatory and execution pressures in certain cases.

Electrification

• Grid Solutions: transmission, distribution, protection, automation, and digital services to connect intermittent renewables and modernize grids.
• Power Conversion & Storage: energy conversion and storage systems for grid stability and industrial electrification.
• Electrification Software: software for transmission, distribution, conversion, storage, and orchestration, including grid operating software and digital services.
• Role: products and services to interconnect renewables, modernize grids, and support electrification for data centers and commercial/industrial customers.

Research and development

• R&D investment plan: approximately $5 billion of cumulative R&D from 2025 through 2028 across the businesses.
• Focus: roughly half on sustaining and industrializing existing products and installed base; half on long-term, differentiated innovations for the energy transition.
• Structure: R&D performed within each business, at Advanced Research facilities in Niskayuna, NY and Bangalore, India, and through external partnerships.

Intellectual property and branding

• Maintains a substantial IP portfolio (patents, copyrights, trade secrets) protecting products and software.
• Uses the GE trademark and monogram under license; the company does not own the GE marks and the license could be terminated under certain circumstances, which could require rebranding.
• Emphasis on IP, data, and cybersecurity protections, and on licensing and contract safeguards.

Supply chain and operations

• Global supply chain exposure to geopolitical, regulatory, and macroeconomic dynamics; emphasis on supplier due diligence, risk management, and lean practices.
• Localization strategy that balances local sourcing with global diversification for resilience.
• Major supply risks include supplier performance, commodity price volatility, tariffs, transportation disruptions, and capacity constraints.

Employees and labor relations

• Workforce of about 75,000, with roughly 70% in manufacturing, engineering, or services; more than 3,000 roles in quality and EHS.
• Global labor representation includes U.S. unions, European works councils, and employee representative bodies in several countries.
• Commitment to safety, ethics, diversity, inclusion, training, talent development, and succession planning.

Sustainability and governance

• Four-pillar sustainability framework: Electrify, Decarbonize, Conserve, Thrive.
• Decarbonization targets: carbon neutrality for Scope 1 and Scope 2 emissions by 2030; circularity targets for top products (90% by 2030); application of eco-design principles.
• Governance: Sustainability functions led by a Chief Sustainability Officer, supported by a Sustainability Council and the Safety and Sustainability Committee of the Board.

Financial and commercial positioning

• Remaining Performance Obligations (RPO): approximately $94.4 billion as of December 31, 2025.
• Financial flexibility: committed $3.0 billion credit facility and a $3.0 billion trade finance facility.
• Market position: a large-scale player in power generation, wind, and grid modernization with a lean, cost-focused operating model aimed at improving margins and cash flow.
• Customer relationships include leading utilities, developers, governments, and major electricity users.

Market and policy context

• Business environment shaped by the energy transition, grid modernization needs, regulation, subsidy regimes, and risk management across jurisdictions.
• Opportunities in offshore wind and nuclear exist alongside technology and policy uncertainties such as SMR development and grid interconnection constraints.

Identifiers and geographic scope

• Headquarters: 58 Charles Street, Cambridge, MA.
• Website: www.gevernova.com.
• Manufacturing and geographic scope: 91 manufacturing sites across Power, Wind, and Electrification, regionally distributed across the Americas, ASEAN, and Europe/Middle East/Africa.