Overview
GE Vernova makes equipment and software that generate and manage electricity for utilities, power producers, and industrial customers. Its Power, Wind, and Electrification businesses span gas turbines, wind generation, and the systems that move electricity across grids. The company supplies generators, grid equipment, and controls, while its software coordinates network operations and integrates changing sources of power. Customers buy equipment and enter service agreements for maintenance, upgrades, and technical support over its operating life, alongside purchases of software and related services. GE Vernova became an independent company in 2024 after separating from GE and is headquartered in Cambridge, Massachusetts.
Work here?Claim your company
About GE Vernova
Industries
Company Size
10,001+
Company Stage
N/A
Total Funding
$17.6M
Headquarters
Cambridge, Massachusetts
Founded
2024
Get referred to GE Vernova
See people who can refer or advise you
Simplify's Take
What believers are saying
- Demand supports expansion: July 2026 results show GE Vernova booked $24.2 billion of quarterly orders, up 88% organically.
- Service commitments support recurring work: GE Vernova says services account for more than 55% of its backlog.
- Graduates build depth through rotations: GE Vernova runs two-year Next Gen development programs in engineering, technology, and operations.
What critics are saying
- Wind remains a drag: July 2026 results show GE Vernova lost $275 million in quarterly Wind segment EBITDA.
- Project margins absorb overruns: GE Vernova locks prices before completion and discloses meaningful expenses from excess costs and penalties.
- Field assignments demand long weeks: GE Vernova's listed transformer specialist works typical 12-hour site days, up to six weekly.
What makes GE Vernova unique
- Its technology underpins global power: GE Vernova says customers generate approximately one-quarter of world electricity using its equipment.
- Gas turbine scale anchors expertise: GE Vernova reports the largest installed fleet by generating capacity, across approximately 7,000 turbines.
- Nuclear work reaches beyond equipment: GE Vernova Hitachi supplies advanced reactors, fuel, and services for operating plants.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$17.6M
Above
Industry Average
Funded Over
2 Rounds
Benefits
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Disability Insurance
- 401(k) Retirement Plan
- 401(k) Company Match
- Paid Vacation
- Paid Parental Leave
- Mental Health Support
- Relocation Assistance
- Performance Bonus
Company News
Venture Global has signed power and grid frame agreements with GE Vernova and Baker Hughes for up to 16 new 720 MW combined-cycle gas power island units, plus related transformer equipment. The units would supply an off-grid industrial power network that could support as much as 10 GW of future compute capacity. GE Vernova's shares fell 5.5% after the news. The deal shows how its gas turbines and grid equipment are becoming central to behind-the-meter power for LNG operations and AI data centres. The company recently raised its 2026 revenue guidance to $45.5 billion to $46.5 billion, and its free cash flow outlook to $11.5 billion to $12.5 billion. Risks remain in its loss-making Wind business, tariffs, and large, lumpy projects.
Jim Cramer highlighted GE Vernova and Vertiv on 2 October, noting their exposure to data centre growth. He questioned why the jobs report didn't reflect the data centre buildout, suggesting commercial construction is weak whilst data centre projects remain strong. Vertiv's Q2 net sales grew 24% annually, with operating profit up 44%. However, revenue growth of 17.8% missed analyst estimates of 23.6% due to supply chain issues, raising concerns about backlog conversion. The company's capital expenditure surged 285% to $173 million. GE Vernova's shares have risen over 240% since October 2024. Q2 customer downpayments generated a $6.4 billion working capital benefit, pushing free cash flow up 2,532% to $5.1 billion. The company raised its full-year cash flow guidance to $11.5–$12.5 billion from $6.5–$7.5 billion.
General Electric spun off its energy division as GE Vernova on 2 April 2024. The stock opened at $142.25 per share and reached a record high of $1,174.86 on 30 June 2026, now trading at about $1,000. GE Vernova operates three segments: Power, Electrification, and Wind. Strong demand from cloud and AI markets drove growth in its Power and Electrification businesses, whilst the Wind segment faced operational challenges. The company's backlog grew 37% year-over-year to $176.3 billion at the end of Q2 2026. Analysts expect revenue and adjusted EBITDA to grow at compound annual growth rates of 17% and 60% respectively from 2025 to 2028. GE Vernova trades at 27 times next year's adjusted EBITDA, with an enterprise value of $262 billion.
GE Vernova, General Electric's former energy division spun off in 2024, is positioned to benefit from surging power demands at AI data centres. The company operates three segments: Power (55% of 2025 orders), Electrification (33%), and Wind (13%), providing turbines, transformers, and grid services. Orders grew 24% organically in the first half of 2026, driven by Power and Electrification segments. By Q2 2026, GE Vernova's backlog reached $176.3 billion — 4.6 times its 2025 revenue of $38.1 billion. The company expects 2026 revenue to grow 20-22%, accelerating from 9% growth in 2025 and 5% in 2024. Fortune Business Insights projects the global AI in power utilities market could expand at a 19.3% compound annual growth rate from 2026 to 2034.
Four major engineering firms have signed a memorandum of understanding to cooperate on building and deploying small modular reactors (SMRs) in Europe. GE Vernova, Hitachi, Samsung C&T, and Poland-based SGE will work together on market development and commercial opportunities for the BWRX-300, an SMR developed by GE Vernova and Hitachi subsidiaries. The agreement was signed during the Atlantic Council Nuclear Energy Policy Summit at the UN General Assembly in New York. SMRs are smaller-scale, plug-and-play nuclear generators that are cheaper and quicker to construct than traditional nuclear plants. They use low-enriched uranium that can be sourced entirely from western enrichment providers. The initiative has government backing from the US, Japan, and South Korea, supported by a trilateral agreement signed at the recent NATO summit.
GE Vernova is Hiring for 4332 Jobs on Simplify!
Find jobs on Simplify and start your career today
About GE Vernova
Industries
Company Size
10,001+
Company Stage
N/A
Total Funding
$17.6M
Headquarters
Cambridge, Massachusetts
Founded
2024
GE Vernova is Hiring for 4332 Jobs on Simplify!
Find jobs on Simplify and start your career today