OUR2025 ANNUAL REPORT
IS HERE

Fellow GE Vernova shareholders,

The global energy system is undergoing a major transformation. The world needs more energy, and a larger portion must be electric power for people and communities around the world to thrive. Put simply, economic competitiveness and national security are dependent on the advancement of reliable, affordable, and sustainable electricity. Nations that scale electricity generation and modernize grid infrastructure will unlock faster growth, achieve higher living standards, and develop more competitive industries. 

Today only about twenty percent of energy comes from electricity, but many project electricity’s proportion of the energy mix to increase by 50% by 2050. This surging demand for electricity is driven by many factors including industrialization, advanced manufacturing, the deployment of data centers for AI, and the electrification of buildings and transport. While drivers vary by country and region, to meet this demand, grid infrastructure also needs to be urgently upgraded and modernized. This is true across the world, it is a global priority in both developed and emerging nations. We see this as the emergence of an investment supercycle that parallels other multi-decade cycles such as globalization or the advent of the Internet.

Scott Strazik
CEO and President, GE Vernova