GE Vernova Inc. GEV

What this company does

GE Vernova designs, manufactures, delivers, and services products and technologies that generate, transfer, orchestrate, convert, and store electricity. Its installed base generates approximately 25% of the world's electricity. The company has a global workforce of approximately 75,000 employees, with approximately 70% of them specializing in manufacturing, engineering, or services. It reports three business segments aligned with the nature of the equipment and services they provide: Power, Wind, and Electrification. The Power segment serves power generation, industrial, government, and other customers worldwide with products that harness resources such as natural gas, oil, diesel, water, and nuclear to produce electric power, including gas and steam turbines. In the Wind segment, the company engineers, manufactures, and commercializes wind turbines, including onshore and offshore wind turbines and blades. The Electrification segment provides products and services required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. On April 2, 2024, General Electric Company completed the spin-off of GE Vernova, which became an independent company.

Written from the business description in GE Vernova Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 29 January 2026. Every sentence was checked against that document before publication.