GE Vernova Company News & Energy Industry- Related Articles
Read news articles related to GE Vernova, as well as energy industry news about a variety of topics including sustainability, grid solutions, and more.
GE Vernova reaffirms full year 2024 guidance and provides …
As part of today’s event, GE Vernova reaffirms its full year 2024 financial guidance, with revenue trending towards the higher end of $34-$35 billion, adjusted EBITDA margin* of 5%-7%, and free cash flow* of $1.3-$1.7 billion.
Transition of Energies: A Timeline of GE Vernova’s Spin-off
Nov 9, 2021 · Building on more than 130 years of experience, GE Vernova’s mission is to electrify the world while simultaneously working to decarbonize it. As we approach this momentous shift, first announced in 2021, we thought we’d take a look back at some of the milestones that brought us from there to here.
Hydroelectric Power | GE Vernova
GE VERNOVA'S HYDRO POWER TURBINES AND GENERATORS REPRESENT MORE THAN 25% OF THE TOTAL INSTALLED CAPACITY WORLDWIDE. Reliable, storable, and flexible source of renewable energy generation to stabilize the grid and enable the energy transition.
GE Vernova expands facilities in Stafford, UK, to support growing ...
The company is hiring hundreds of additional engineers and skilled employees locally to support valve assembly and testing. Stafford, UK (September 24, 2024) – GE Vernova Inc. (NYSE: GEV) today announced the expansion of its existing manufacturing facilities in Stafford, UK.
GE Vernova plans new $22 million investment in Schenectady facility
New investment will support improvements to manufacture new advanced generators. Latest funding for Schenectady comes on top of $50 million investment last May to develop manufacturing capacity for onshore wind turbines, which resulted in almost 200 new jobs.
GE Vernova completes spin-off and begins trading on the New …
CAMBRIDGE: April 2, 2024 – GE Vernova (NYSE: GEV) announced today that its spin-off from GE (NYSE: GE) is complete and it will begin trading as an independent company on the New York Stock Exchange (NYSE) under the ticker symbol “GEV,” effective at the market opening today.
GE Vernova completes sale of portion of Steam Power activities to …
CAMBRIDGE, Mass. (May 31, 2024) – GE Vernova Inc. (NYSE:GEV) today announced that it completed the sale of a portion of its Steam Power business to EDF. The transaction includes the manufacturing of conventional island equipment for new nuclear power plants as well as related maintenance and upgrade activities for existing nuclear plants ...
GE Vernova reports second quarter 2024 financial results
Jul 24, 2024 · GE Vernova is raising its 2024 financial guidance and now expects revenue to trend towards the higher end of $34-$35 billion and adjusted EBITDA margin* of 5%-7%, up from the higher end of mid-single digits. Additionally, GE Vernova now expects free cash flow* of $1.3-$1.7 billion, up from $0.7-$1.1 billion. Segment guidance is:
GE Vernova selects Cambridge, MA as its global headquarters
CAMBRIDGE, MA — December 15, 2022 — GE (NYSE:GE) today announced that GE Vernova, the company’s portfolio of energy businesses, intends to base its global headquarters at 58 Charles Street in Cambridge, Massachusetts, as part of its plan to become an independent company in early 2024.