All Brands Owned by GE Vernova LLC

What does GE Vernova do?
GE Vernova LLC develops, manufactures, and sells gas turbines, wind turbines, grid solutions, and electrification technologies. The company operates through three segments: Power (gas turbines, steam turbines, nuclear services), Wind (onshore and offshore wind turbines), and Electrification (grid solutions, power conversion, solar and storage). GE Vernova's equipment generates approximately 25 percent of the world's electricity.

Is GE Vernova publicly traded?
Yes, GE Vernova LLC is publicly traded on the New York Stock Exchange under ticker GEV. The company was spun off from General Electric on April 2, 2024, and its stock has more than doubled since its IPO, reaching over $450 per share by mid-2026.

Who is the CEO of GE Vernova?
Scott Strazik serves as CEO of GE Vernova. He led GE's energy segment before the April 2024 spinoff and has continued as CEO of the independent company.

What is GE Vernova's annual revenue?
GE Vernova reported revenue of $36.4 billion for fiscal year 2025, up from $35 billion in 2024. Net income for 2025 was $6.1 billion. The company's growth was driven by strong demand for gas turbines, grid infrastructure, and electrification solutions.

How was GE Vernova created?
GE Vernova was created through the spinoff of General Electric's energy businesses on April 2, 2024. The spinoff was the final step in GE's historic three-way breakup, which also created GE HealthCare (January 2023) and GE Aerospace as independent companies.

Why has GE Vernova's stock surged?
GE Vernova's stock has surged due to surging electricity demand from AI data centers, which has created unprecedented demand for gas turbines and grid infrastructure. The company's dominant position in gas turbines with over 50 percent global market share has made it a primary beneficiary of this trend. The stock price reached over $450 per share by mid-2026, more than five times its IPO price of approximately $85.

What is GE Vernova's gas turbine market share?
GE Vernova has over 50 percent global market share in gas turbines, making it the dominant player. The company has installed more than 7,000 gas turbines globally. Its primary competitors are Siemens Energy and Mitsubishi Power.

Where is GE Vernova headquartered?
GE Vernova is headquartered in Cambridge, Massachusetts, USA. The company has manufacturing facilities in the United States, France, Germany, India, China, and Brazil, and serves customers in over 100 countries.