GE Vernova Inc. is an energy equipment and technology company headquartered in Cambridge, Massachusetts, and listed on the New York Stock Exchange under the ticker GEV. It was separated from General Electric and began trading as an independent company in April 2024, and it employs approximately 85,000 people across more than 100 countries. Its installed base of around 59,000 wind turbines and 7,000 gas turbines generates roughly 25% of the world's electricity, according to the company. Scott Strazik is chief executive, and on 27 August 2026 the company announced a transition in the chief financial officer role.

How the business is organised

  • Power — gas power, hydro, nuclear and steam power equipment and services, including the GE Vernova Hitachi BWRX-300 small modular reactor.
  • Wind — onshore and offshore wind turbines and blades, together with the service business attached to them.
  • Electrification — grid solutions, electrification software, power conversion and storage, and the Prolec GE transformer joint venture.
  • Accelerators — advanced research, consulting services and financial services that support the three main segments.

The group positions itself around dispatchable capacity, grid equipment and renewables integration rather than around owning generation assets, selling to utilities, independent power producers and industrial customers.

Second quarter 2026 results

On 22 July 2026 the company reported orders of $24.2 billion for the quarter, up 88% organically, with growth led by Power and Electrification. Backlog, measured as remaining performance obligation, reached $176 billion after a sequential increase of $13.0 billion, and the gas power equipment backlog plus slot reservation agreements rose from 100 GW to 116 GW, with the company expecting at least 125 GW under contract by the end of 2026. Revenue was $11.1 billion, 22% higher than a year earlier and 12% higher organically, net income was $0.6 billion at a 5.8% margin, and adjusted EBITDA of $1.2 billion represented an 11.3% margin, up 340 basis points organically. Cash from operating activities was $5.5 billion and free cash flow $5.1 billion, more than the whole of 2025, leaving a cash balance of $13.1 billion while $3.9 billion was returned to shareholders in the year to date. Data centre orders passed $5 billion year-to-date, more than double the 2025 total. To meet demand the group plans 20 GW of annual gas turbine output in the third quarter of 2026, 24 GW in 2028 and 30 GW in 2030, and it raised its full-year guidance for revenue and free cash flow.

Projects and orders through 2026

  • Nuclear — memoranda with SGE, Hitachi and Samsung C&T to advance BWRX-300 deployment in Europe (22 September 2026) and a commitment with Studsvik on a 1.2 GW project in Sweden (3 September 2026); a Texas gas-plus-nuclear project with Blue Energy moved into NRC construction review in September 2026.
  • Gas power — an H-class equipment order for EVN's Quang Trach II LNG plant in Vietnam (23 June 2026), aeroderivative packages for Hawaiian Electric (20 July 2026) and the start of operations at Eneva's Azulão plant in Brazil (19 August 2026).
  • Grid and electrification — a VSC-HVDC joint venture with LS Electric, an SF6-free circuit breaker and 170 kV gas-insulated switchgear launched at CIGRE 2026 (August 2026), SF6-free grid hubs for Stromnetz Berlin (July 2026), a transmission upgrade across England and Wales, and medium-voltage uninterruptible power supplies aimed at AI data centres.
  • Wind and hydro — 163.4 MW for Enfinity Global's Fatehgarh wind farm in India (4 August 2026), 29.4 MW for Eurus Energy in Japan (15 September 2026), turbines for ESB's Chleansaid wind farm in Scotland (3 September 2026), work on Engie's Dinorwig pumped storage plant in Wales (28 July 2026) and modernisation of the São Simão hydro plant with SPIC Brasil (14 September 2026).
  • Storage — support for Quinbrook's three-stage battery storage project in Australia (21 August 2026).
  • Litigation — a commercial dispute with Vineyard Wind was resolved on 16 September 2026.

Manufacturing and research footprint

GE Vernova has been investing in capacity and engineering sites through 2026. It expanded its Pennsylvania manufacturing facility at Charleroi in July 2026 to strengthen the US grid supply chain, modernised its Veresegyház hub in Hungary the same month, expanded the Advanced Research Center at Niskayuna in New York, and upgraded its research and development laboratory at Noventa di Piave in Italy to support grid reliability work. These investments sit alongside a capital allocation framework that combines organic investment with a quarterly dividend and share repurchases, and a published sustainability report covering the company's own operations.

Contact and disclosures

The company's contact page lists departmental addresses for press and corporate communications, investor relations, the corporate ombuds and the board, together with the corporate secretary at 58 Charles Street, Cambridge, Massachusetts. Investor material is published through an investor relations site carrying quarterly results, reports and filings, annual reports, governance documents and the annual stockholders meeting, and the newsroom publishes press releases, the corporate blog The Current, and regional pages for the Americas, Asia, Europe and the Middle East and Africa.