GE Vernova
Headquarters in Cambridge, Massachusetts | |
| Company type | Public |
|---|---|
| Industry | Energy |
| Predecessors | General Electric |
| Founded | April 2, 2024 |
| Headquarters | Cambridge, Massachusetts, U.S. |
Key people | |
| Revenue | US$38.07 billion (2025) |
| US$1.388 billion (2025) | |
| US$4.884 billion (2025) | |
| Total assets | US$63.02 billion (2025) |
| Total equity | US$11.18 billion (2025) |
Number of employees | 70,000 (2025) |
| Subsidiaries | |
| Website | gevernova.com |
| Footnotes / references | |
GE Vernova, Inc. is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts. The company operates through three main segments: Power, which designs, manufactures, and services gas, nuclear, hydro, and steam technologies; Wind, which provides onshore and offshore wind turbines and blades; and Electrification, which offers grid solutions, power conversion, solar and storage solutions, and digital technologies for the transmission, distribution, and management of electricity.
GE Vernova was formed as part of the breakup of General Electric (GE), which was founded in 1892 through the merger of Thomas Edison's Edison General Electric Company and Thomson-Houston Electric Company. In November 2021, GE announced plans to split into three independent public companies. GE HealthCare was spun off in January 2023, followed by the spin-off of GE's energy businesses in April 2024 to create GE Vernova from the merger of GE Power, GE Renewable Energy, GE Digital, and GE Energy Financial Services. The remaining aviation business became GE Aerospace.
GE Vernova engages in various contracts and partnerships with the U.S. government, including securing a deal to supply propulsion load systems for U.S. Navy testing facilities, collaborating on cybersecurity assessments with the Department of Energy's CESER program, participating in coalitions for small modular reactors with utilities like TVA to apply for DOE grants, and working with the government to boost stockpiles of rare earth yttrium amid supply concerns.
GE Vernova operates an Advanced Research Center in Niskayuna, New York, co-located on the historic GE Research campus that traces its origins to the company's 1900 establishment of one of the first industrial research labs in the U.S., founded by Thomas Edison, Willis R. Whitney, and Charles Steinmetz; this independent facility, separate from GE Aerospace's research center on the same campus, serves as a key hub for energy innovation. In 2025, GE Vernova announced an investment of over $105 million, supported by the State of New York, to expand the 50,000-square-foot center, creating 75 new research positions focused on technologies such as carbon capture, alternative fuels for power generation, AI and robotics for manufacturing, and advanced grid solutions. The center is characterized by a high concentration of advanced degree holders, with a significant majority of its research staff possessing PhDs in specialized engineering and physical science disciplines. Its workforce includes a global cohort of scientists and engineers recruited from top-tier technical universities and industrial research programs.