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640 Results

Press Release

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5 min read

GE Vernova acquires Dussur’s shares in General Electric Saudi Advanced Turbines (GESAT)

(formerly a joint venture between Dussur and GE Vernova)DAMMAM, Saudi Arabia (September 02, 2024) - The Saudi Arabian Industrial Investments Company (“Dussur”) successfully divested its 55% ownership stake in General Electric Saudi Advanced Turbines (“GESAT”) to GE Vernova Inc. (NYSE: GEV), bringing GE Vernova’s ownership to 100% in GESAT.

Press Release

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1 min read

جنرال إلكتريك ڤيرنوڤا تستحوذ على حصة دسر في شركة جنرال إلكتريك السعودية للتوربينات المتطورة (جيسات)

المشروع السابق المشترك ما بين دسر و جنرال إلكتريك ڤيرنوڤاالدمام، المملكة العربية السعودية (٢ سبتمبر 2024) اتفقت الشركة العربية السعودية للاستثمارات الصناعية (دسر) على بيع حصتها البالغة 55% في شركة "جنرال إلكتريك السعودية للتوربينات المتطورة" (جيسات) لصالح شريكها في المشروع، شركة جنرال إلكتريك ڤيرنوڤا، المدرجة في بورصة نيويورك بالرمز (GEV).

Press Release

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2 min read

GE Vernova CEO Scott Strazik to speak at 12th Annual Morgan Stanley Laguna Conference

CAMBRIDGE, Mass. (August 30, 2024) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer Scott Strazik will present at the 12th Annual Morgan Stanley Laguna conference in Laguna Beach, California on Thursday, September 12, at 8:10 AM PST. Strazik will speak to investors in a fireside chat, highlighting how GE Vernova is well-positioned to serve growing electricity demand and continue delivering value for stakeholders.

Press Release

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7 min read

GE Vernova celebrates commercial operation for PLN Indonesia Power’s H-Class gas power plant in Indonesia

JAKARTA, INDONESIA (August 30, 2024) – On the heels of GE Vernova’s 100th HA gas turbine commissioned globally announcement,  GE Vernova Inc. (NYSE: GEV) celebrated today the start of commercial operation of PLN Indonesia Power (PLNIP)’s 780-megawatt (MW) Tambak Lorok Combined Cycle Power Plant Block 3 (“Tambak Lorok”), in Tanjung Mas, Central Java.

Press Release

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10 min read

GE Vernova to deliver the world’s first 245 kV SF6-free gas-insulated substation for RTE

Paris, FRANCE – August 29, 2024 – GE Vernova announced today that its Grid Solutions business will manufacture, deliver and commission the world’s first 245 kilovolt (kV) SF6-free gas-insulated substation (GIS) for RTE in France.

Press Release

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6 min read

GE Vernova’s new STATCOM solution to strengthen grids and support renewable energy expansion

Paris, France (Aug 28, 2024) – GE Vernova Inc. (NYSE:GEV) today announced the launch of its latest innovation, FACTSFLEX GFMe, an advanced Flexible Alternating Current Transmission System (FACTS) solution aimed at strengthening power grids and facilitating the increased use of renewable energy sources.

Press Release

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7 min read

GE Vernova, Systems With Intelligence (SWI) sign an MoU to collaborate on enhanced solutions for monitoring electrical grid assets

PARIS, France (Aug 27, 2024) – GE Vernova and Systems With Intelligence (SWI) signed a memorandum of understanding (MoU) today at the CIGRE event in Paris to develop advanced substation monitoring solutions. Through this collaboration the companies aim to integrate technologies like gas sensing, bushing monitoring and infrared thermography, along with AI and ML.

Press Release

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6 min read

Grid Solutions, a GE Vernova business, launches GRiDEA: a new decarbonization Grid Solutions portfolio at CIGRE

Paris, France (Aug 26, 2024) – GE Vernova (NYSE:GEV) today announced the launch of Grid Solutions’ GRiDEA portfolio, a comprehensive suite of  innovative solutions aimed at decarbonizing the electrical grid and supporting the transition to a more sustainable energy future. The new portfolio was unveiled at CIGRE in Paris, the world’s leading power systems event, where GE Vernova is showcasing its advanced electrification technology.A Decarbonization Milestone

Press Release

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6 min read

GE Vernova and The Inspirational Learning Group celebrate inaugural Next Engineers Academy Class

Staffordshire, UK - (31 July 2024) - Next Engineers, a global career readiness programme working to increase the diversity of young people in engineering, proudly announces the first-ever graduation of Engineering Academy students in Staffordshire.
Celebration of first H-Class gas turbine made in Saudi Arabia

Articles & Insights

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2 min read

GE Vernova Releases Second Quarter 2024 Results

Today, GE Vernova released its second quarter 2024 earnings results. We delivered strong results in the second quarter with margin expansion across all segments, and substantial cash flow improvement, both sequentially and year-over-year. We also raised our full-year 2024 guidance for revenue, adjusted EBITDA margin* and free cash flow* (FCF).