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General Electric (GE) operates in three main areas: energy, healthcare, and aviation, serving customers worldwide. It sells wind turbines, gas turbines, energy storage systems, and grid solutions for energy, and provides medical imaging, monitoring, and diagnostic equipment for healthcare; in aviation, it designs and manufactures jet engines and aerospace components. GE makes money from selling equipment, long-term service and maintenance, and digital solutions that optimize performance. Its goal is to help the world work more efficiently, reliably, and safely by delivering reliable technology and services across its sectors.
Industries
Industrial & Manufacturing
Energy
Aerospace
Healthcare
Company Size
10,001+
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
1892
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U.S. Energy Secretary Wright signs oil deals in Venezuela. Christopher Wright's second visit to Caracas yielded a dozen oil exploitation agreements and electrical system recovery plans aimed at boosting Venezuelan crude output The Newsroom Gokhshtein Media September 3, 2026 Key Points * CARACAS - U.S. Energy Secretary Christopher Wright concluded his second visit to Venezuela, overseeing the signing of numerous agreements to expand oil exploitation and improve the nation's electrical infrastructure. * Secretary Wright, a key energy advisor to President Donald Trump, participated in the signing of a dozen oil exploitation agreements. * General Electric also signed agreements focusing on recovery of Venezuela's electrical system. CARACAS - U.S. Energy Secretary Christopher Wright concluded his second visit to Venezuela, overseeing the signing of numerous agreements to expand oil exploitation and improve the nation's electrical infrastructure. The deals involve major international energy firms and Venezuela's state-owned companies, marking a significant step in re-established relations between Washington and Caracas. Secretary Wright, a key energy advisor to President Donald Trump, participated in the signing of a dozen oil exploitation agreements. These pacts grant new fields and exploration licenses to Chevron, Italy's Eni, Primavera and Aspect Energy. General Electric also signed agreements focusing on recovery of Venezuela's electrical system. The country experiences daily power outages ranging from six to 10 hours. The deals aim to stabilize the electrical grid and support the oil industry. The agreements are central to the White House's plans for the oil-rich nation. Wright projected that Venezuelan oil production would surpass two million barrels per day by the end of this decade, an increase of approximately 900,000 barrels per day from current output levels. "It is a historic day in the transformation of Venezuela and the expansion of the possibilities of the Venezuelan people," Wright said. "The mission of President Trump is to bring peace and prosperity to Venezuela." Wright added that the administration aims to "go at the speed of light to transform Venezuela and its relations with the United States, and the catalyst is the energy." He said the goal is to "replace the conflicts of the past with commerce and business of the present" across the region. Chevron will expand its operations and has secured two oil fields within the Orinoco Belt. Chevron maintained assets and operations in Venezuela even during periods of stringent U.S. sanctions. Italy's Eni deepened its involvement, signing five projects to increase its participation in Venezuela's energy sector. Primavera obtained the Budare-Elotes blocks in the eastern part of the country, while Aspect Energy will conduct evaluations of exploitation potential. Venezuelan state entities, including the national oil company PDVSA and the state electricity firm Corpoelec, formalized collaborations with General Electric targeting electrical system improvement and planned growth in crude production. PDVSA President Héctor Obregón said these agreements are the result of eight months of work on a "structural transformation" within the sector, following legislative reform approved earlier in the year. Interim Venezuelan President Delcy Rodríguez met with Secretary Wright in Caracas. "We are signing for the life of Venezuelans," Rodríguez said. These agreements are distinct from a separate recently unveiled deal in which the United States will acquire at least one-fifth of Venezuela's oil reserves. That agreement involves a public-private partnership with North American Blue Energy Partners, a firm owned by Venezuelan contractor Alejandro Betancourt, who is associated with the Trump administration. The NABEP agreement was not part of Wright's official agenda during his current visit.
The future of energy: unlocking the Virtual Power Plant Market. According to a recent report by Market Research Future, the Virtual Power Plant Market is poised for explosive growth, with its value expected to surge from USD 1.94 billion in 2024 to an impressive USD 40.02 billion by 2035, at a staggering CAGR of 31.67%. This extraordinary growth reflects a fundamental shift in how electricity grids are managed. Virtual power plants (VPPs) are cloud-based platforms that aggregate and coordinate a network of decentralized energy resources - such as solar panels, battery storage, and electric vehicles - to function as a single, unified power plant. They represent the future of grid management, offering flexibility, resilience, and efficiency in an increasingly renewable-powered world. The primary driver for the Virtual Power Plant Market is the rapid integration of renewable energy sources and the growing need for energy flexibility. As the share of intermittent renewables like solar and wind increases, grid operators face the challenge of balancing supply and demand. VPPs provide a sophisticated solution by enabling dynamic demand response, peak shaving, and the efficient distribution of stored energy. This ability to respond in real-time to grid fluctuations is critical for maintaining stability and avoiding blackouts. The increasing penetration of distributed energy resources (DERs), like rooftop solar and home batteries, creates the very infrastructure that VPPs aggregate and manage, making them an essential technology for the modern grid. Supportive regulatory frameworks and policy initiatives are significantly accelerating the Virtual Power Plant Market. Governments and regulatory bodies worldwide are recognizing the value of VPPs in achieving energy transition goals and are implementing policies to encourage their deployment. Market mechanisms, such as capacity markets and ancillary service markets, are being adapted to allow aggregated DERs to compete alongside traditional power plants. Programs like FERC Order 2222 in the U.S. are opening up wholesale electricity markets to distributed resources, which is a major catalyst for VPP development and investment. This regulatory backing is fostering a favorable environment for innovation and market growth. Technological advancements in energy management systems, cloud computing, and data analytics are making VPPs more powerful and cost-effective. The integration of artificial intelligence (AI) and machine learning allows for predictive analytics, optimizing energy dispatch and consumption patterns in real-time. This improves the reliability and performance of VPPs, making them a more attractive proposition for utilities and grid operators. Furthermore, the rise of smart home technologies and smart meters provides the granular data needed for VPPs to effectively manage energy at the consumer level, creating a more interactive and efficient energy ecosystem. The Virtual Power Plant Market is segmented by technology, with Demand Response currently the largest, but Energy Storage is the fastest-growing segment. Hybrid VPPs hold the largest share by type, but Software-Defined VPPs are emerging rapidly. The residential sector is the dominant end-user, but the commercial segment is the fastest-growing. Geographically, North America is the largest market, while Asia-Pacific is the fastest-growing, propelled by advancements in smart grid technologies. Key players like Siemens, General Electric, and Schneider Electric are at the forefront of developing innovative VPP solutions. The future of the VPP market is set to be transformative, making VPPs a cornerstone of a resilient, flexible, and sustainable energy future. Discover emerging opportunities with in-depth research reports:
This week's top 5: cyberattacks, wind Energy & solar records. August 22, 2026 This week highlights Shell and General Electric's cyberattack, RWE's renewables, Serene Hamsho's interview, ReNew's CO[2] reductions & Octopus' solar records Clop, the Russian-speaking cybercriminal gang notorious for targeting widely used enterprise software rather than individual companies, has claimed its latest scalp. The group says it has pulled data from close to 50 organisations in one coordinated campaign. Energy sector names feature prominently among the victims, with Shell and GE named alongside Philips and Fiserv in what Clop describes as a sweeping breach. According to the group's claims, 89GB of data was taken from Shell and 391GB from GE. Much of the stolen material reportedly includes engineering plans, blueprints and other project documentation, information that carries particular weight for energy companies managing complex infrastructure and asset portfolios. Shell and GE have both confirmed they are investigating the claims. RWE reported financial results for the first six months of 2026 that reflected increased wind generation and portfolio expansion. The German energy company's adjusted earnings before interest, taxes, depreciation and amortisation reached €3bn (US$3.3bn), compared with €2.1bn (US$2.3bn) in the corresponding period of 2025. Adjusted net income rose to €1.3bn (US$1.4bn) from €800m (US$880m) year on year. The company added 2.6GW of generation capacity in the 12 months to end June, including wind, solar and battery storage assets. The energy transition requires three key things: money, technology and people with the right knowledge and skills. In recent years, the first two items in that list have been very forthcoming, with huge investments in cutting-edge renewable energy rebalancing the global energy mix. The final point in that trifecta, however, has always been a little trickier to come by. As things stand, the demand for workers with green skills is outstripping supply by a significant margin. Offshore wind is an area of the energy sector in particular need of more recruitment right now. ReNew, India's second-largest renewable energy company, has had quite the year. The firm has just reported impressive results for the 2025/26 financial year in emissions reductions, renewable output and overall performance. In the past 12 months, ReNew has slashed its Scope 1 and 2 emissions by 25.6% from a 2021 baseline, which is comfortably beyond its original target of 23.5%. In that same period, ReNew also generated 24.7 billion units of clean electricity which is enough to power more than 21 million homes. All in, the company has managed to prevent nearly 20.8 million tonnes of CO[2] equivalent from entering the atmosphere. It's been a summer to remember for the UK. This is the first year since records began that temperatures above 35°C have been reached in three separate months and the sheer consistency of the sunshine will likely make this the hottest British summer ever, according to the Met Office. The unusually warm weather has created problems in the UK, but it has also led an unprecedented boom in solar power generation, particularly for domestic set-ups. The performance of the UK's solar fleet has been so good, in fact, that Octopus Energy, the UK's premier energy provider, has paid around £100m (US$135m) to the owners of solar panels across the country in exchange for their clean energy. Executives. * Anup Kumar Chief Executive Officer * Greg Jackson Founder and CEO * Markus Krebber CEO * Rebecca Dibb-Simkin CMPO (Chief Product and Marketing Officer) * Serene Hamsho President & Founder * Vaishali Nigam Sinha Co Founder and Chairperson Sustainability Company portals.
S&P 500 stock GE Aerospace (ex General Electric): how much profit would a GE Aerospace (ex General Electric) investment from 3 years ago have yielded? Aug 21, 2026, 4:00 p.m. Invested in GE Aerospace (ex General Electric) stock years ago: how much investors would have earned. Three years ago, GE Aerospace (ex General Electric) shares were traded on the NYSE. At the closing bell, the shares were worth USD 90.01 that day. If an investor had invested USD 100 in GE Aerospace (ex General Electric) stock at that time, they would now own 1.111 shares. Since the value of a share on August 20, 2026 was USD 344.64 (closing price), the initial investment would now be worth USD 382.90. Thus, the value of the initial investment would have increased by 282.90 percent. GE Aerospace (ex General Electric) had a market value of USD 369.17 billion. Please note that stock splits and dividend payments are not taken into account in the above calculation. finanzen.net editorial team Selected leveraged products on GE Aerospace (ex General Electric). With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the desired leverage and we will show you suitable open-end products on GE Aerospace (ex General Electric). Name | Leverage | KO | Issuer Turbo Long on General Aerospace Co | 4.61 | 273.15 | Morgan Stanley Mini Future Long on General Aerospace Co | 4.59 | 286.04 | Morgan Stanley Turbo Long on General Aerospace Co | 4.07 | 263.26 | Morgan Stanley Mini Future Long on General Aerospace Co | 3.99 | 273.10 | Morgan Stanley Turbo Long on General Aerospace Co | 3.77 | 257.75 | Morgan Stanley You can obtain the base prospectus, the final terms and the base information sheets here: MM0KMA, MN9L9T, MK94SV, MM0KPD, MK94SU. Please also note the further information** regarding this advertisement. Risk warning: On average, 7 out of 10 retail investors lose money trading turbo certificates. Turbo certificates are high-risk products and are not suitable for long-term investment strategies.
Multiple organisations investigating fresh wave of Cl0p breaches. Multinational giants such as Philips and Shell may have been affected after the Cl0p cyber extortion gang hacked a popular piece of PLM software. Published: 17 Aug 2026 19:04 A series of prominent organisations including UK fossil fuel giant Shell, Dutch consumer and health tech multinational Philips, and the US' General Electric (GE), are probing security breaches after being 'named and shamed' by the Cl0p/Clop cyber extortion gang. Cl0p, which has a long history of targeting blue chip firms by compromising commonly used enterprise platforms, named all three organisations among close to 50 others in an update to its dark web leak site. All of the victims appear to have been compromised via a critical zero-day flaw in PTC's Windchill PDMLink and FlexPLM product lifecycle management software packages, tracked as CVE-2026-12569. Identified and patched in June and added to Cisa's Known Exploited Vulnerabilities (Kev) catalogue shortly thereafter, the flaw becomes exploitable by chaining a pre-authentication information disclosure issue in the FlexPLM WSDL endpoint with a server-side issue in Windchill's login servlet. Ultimately, according to members of the Ransom-ISAC anti-ransomware community, these conditions enabled the threat actors to deploy webshells, achieve unauthenticated remote code execution (RCE), and exfiltrate their victims' data. Ransom-ISAC's Brandon Parsons wrote that Cl0p's campaign seems to have begun on or around 20 July, when the gang starting emailing multiple users at the affected organisations from randomly compromised accounts. Parsons observed: "This extortion approach is consistent with what we observed with the Oracle EBS campaign last year, except for the use of new email addresses." In statements shared with the media, Shell, Philips and GE all confirmed they were in the process of investigating the claims, but none of them named the Cl0p operation specifically. Shell told Reuters it was "working with security teams and relevant experts" on its investigation, while GE said it had "initiated its cyber response protocols and are working to assess the potential issue". A spokesperson for Philips went further, saying: "Philips has identified and contained an attempted cyber security compromise of a specific enterprise server related to internal data." According to Cl0p's unverified claims, the gang has stolen 89GB of data from Shell, 15.5GB from Philips, and 391GB from GE. In Shell's case this information allegedly includes engineering drawings, photos of oil facilities, scans of test projects and other project plans. Cl0p's tactics work. As Ransom-ISAC's analysts observed, Cl0p's activity in this latest wave of breaches strongly echoes previous campaigns conducted by the gang, targeting the likes of Acellion, Oracle, and perhaps most famously Progress Software. Three years on from its infamous attack on Progress' MOVEit file transfer tool, which hit thousands of companies, Cl0p still cleaves to its simple and highly effective 'business' model, foregoing traditional encryption ransomware in favour of compromising widely-used software products to target multiple downstream customers, stealing their data, and exposing it if not paid. CybaVerse chief technology officer (CTO) Simon Phillips said the developing incident had the potential to be another huge data breach along the lines of Cl0p's previous attacks. "Given Cl0p's reputation of launching mass attacks, all organisations showing on the leak site must take steps to investigate these claims. They must monitor for unauthorised access and identify if any data has been exfiltrated from their systems," he said. "Furthermore, any organisation using either PTC Windchill PDMlink or PTC FlexPLM should apply the patches as a priority." Phillips added: "[A] key question this raises is around vulnerabilities in software, and customer organisations continuing to face the financial repercussions when they are exploited by attackers. "As an industry, we need to rethink how we evaluate security and vendors, looking beyond individual vulnerabilities and identifying broader trends. Vendors with recurring vulnerabilities in critical components, such as those found in internet-facing infrastructure, should be flagged as high-risk." * AI is accelerating cyber attacks by criminals and hostile states, with attackers faster, more persistent and increasingly collaborative, say experts speaking at Infosecurity Europe 2026. * Computer Weekly reveals for the first time how French cyber spies hacked EncroChat phones used by organised crime groups. * Authorised payment fraud has moved way beyond being a consumer protection issue, says the Royal United Services Institute.
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Industries
Industrial & Manufacturing
Energy
Aerospace
Healthcare
Company Size
10,001+
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
1892
Find jobs on Simplify and start your career today