Fellow GE Vernova shareholders,

Over a century ago, the foundation for the modern age of electricity was established by General Electric’s founder, Thomas Edison. The result: industries have been built, education has scaled, lives have been saved and the world has prospered in countless ways. I’m humbled to have participated in a relatively short but impactful chapter of General Electric’s 130+ year history which serves as an inspiration to me today. The legacy of Edison’s original innovation is found in the global power system built over the last century where 25% of the world’s electricity is generated through our equipment. Leveraging that legacy, today we offer our customers advanced technology and services to meet the growing demands on our power system.

With the creation of GE Vernova, we have launched a purpose-built innovation company focused on what the world needs for today and tomorrow: a new company dedicated to electrifying and decarbonizing the energy system and providing the essential infrastructure needed for a prosperous and sustainable future.

We approach our role with an enormous sense of responsibility, knowing the world relies on us for the equipment, services, and software to produce and distribute the electricity it needs. By nurturing today’s state-of-the-art technologies, while investing in innovation, cutting-edge manufacturing, and lean, we see a clear pathway to grow electrical supply while addressing climate change.

I enter this new year feeling more optimistic than ever about GE Vernova, our industry, and the task ahead of us. In this first shareholder letter, I’ll discuss the progress we’ve made this year and what drives our continued confidence.

Scott Strazik
CEO, GE Vernova