GE Vernova Company News & Energy Industry- Related Articles
Read the latest news and stories about GE Vernova, a global leader in power generation and electrification technologies. Learn how GE Vernova is driving the energy transition, supporting sustainability, and innovating for the future.
GE Vernova reaffirms full year 2024 guidance and provides …
GE Vernova reaffirms its revenue, EBITDA margin, and free cash flow expectations for 2024, despite additional costs in its Wind segment. The company also provides updates on its Power and Electrification segments, and plans to host an investor event in December 2024.
Transition of Energies: A Timeline of GE Vernova’s Spin-off
Nov 9, 2021 · GE Vernova is a standalone company that will launch on April 2, 2024, after separating from GE. It will focus on electrifying and decarbonizing the world with its portfolio of energy businesses, including gas turbines, wind turbines, grid technology, and software.
Hydroelectric Power | GE Vernova
GE VERNOVA'S HYDRO POWER TURBINES AND GENERATORS REPRESENT MORE THAN 25% OF THE TOTAL INSTALLED CAPACITY WORLDWIDE. Reliable, storable, and flexible source of renewable energy generation to stabilize the grid and enable the energy transition.
GE Vernova plans new $22 million investment in Schenectady facility
Schenectady, NY (July 10, 2024) - GE Vernova today announced a new $22 million investment in its historic Schenectady facility to manufacture new advanced generators, helping meet existing and increased global demand from its customers.
GE Vernova expands facilities in Stafford, UK, to support growing ...
GE Vernova, a global energy company, invests in its Stafford sites in the UK to produce valves and transformers for HVDC systems that support renewable energy projects. The expansion creates hundreds of new jobs and strengthens the UK's energy transition.
GE Vernova completes spin-off and begins trading on the New …
Apr 2, 2024 · GE Vernova (NYSE: GEV) is a new company focused on electrifying and decarbonizing the world, with a scope and scale of solutions to accelerate the energy transition. It began trading on the NYSE on April 2, 2024, after distributing one share of GE Vernova stock for every four shares of GE stock held on March 19, 2024.
GE Vernova produces first onshore wind turbine at New York facility
Nov 16, 2023 · GE Vernova's Onshore Wind business announced the completion of the first onshore wind turbine produced on its new assembly line in Schenectady, NY. The facility manufactures and assembles the largest onshore wind turbine ever made in the US, with a capacity of 6.1 MW and a tip height of almost 200 meters.
GE Vernova reports second quarter 2024 financial results
Jul 24, 2024 · GE Vernova is raising its 2024 financial guidance and now expects revenue to trend towards the higher end of $34-$35 billion and adjusted EBITDA margin* of 5%-7%, up from the higher end of mid-single digits. Additionally, GE Vernova now expects free cash flow* of $1.3-$1.7 billion, up from $0.7-$1.1 billion. Segment guidance is:
GE Vernova selected by the U.S. Department of Energy to develop …
GREENVILLE, USA (September 26, 2024) — GE Vernova Inc. (NYSE: GEV) announced today that GE Vernova was selected for award negotiations by the U.S. Department Energy’s (DOE) Hydrogen and Fuel Cell Technologies Office (HFTO) to lead a project aiming to enable permitting and safety for hydrogen deployment.