GE Vernova
Global energy provider: power, wind, electrification
Project Engineer Intern - Summer 2027
+ Relocation assistance + Housing allowance
About the job
- Currently enrolled in a Master's or PhD program at an accredited university or enrolled in a credentialed software accelerator program.
- Pursuing a degree focused on Electrical Engineering, Computer Engineering, Computer Science, or a relevant STEM major.
- Must commit to working full time, 40 hours per week, during the internship.
- Must be willing to work from the Bellevue, Washington office.
- Must be legally authorized to work in the United States for an unlimited amount of time without sponsorship.
- Work on solving problems related to wholesale energy markets within Grid Software Solutions and the Services and Engineering functions.
- Build technical and professional skills through substantial projects involving digital technologies.
- Prior internship, co-op, or research experience in software engineering, energy markets, power systems, or enterprise grid management software.
- Familiarity with wholesale electricity market structures, including Locational Marginal Pricing, unit commitment, and economic dispatch, or with Market Management Systems.
- Hands-on coding experience with Java for backend development and Python for scripting, automation, or data processing.
- Exposure to database concepts such as SQL and familiarity with software development lifecycle tools such as Git, JIRA, or Jenkins.
- Interest in how software applications optimize large-scale grid operations and ability to connect complex power system requirements with software solution delivery.
- Exposure to or coursework in energy economics, operations research, or regulatory frameworks governing ISO/RTO operations.
- Experience applying software industry standards, testing, and debugging.
- Strong analytical and technical skills.
- Excellent written and verbal communication skills and ability to explain complex technical and market-related concepts to cross-functional teams.
- Demonstrated creative problem-solving ability and a proactive, curious approach to learning complex, high-availability energy software platforms.
- GPA of 3.0 or higher.
About the company
GE Vernova is a global energy company created in 2024 to support the electricity grid and the energy transition, with three focuses: Power, Wind, and Electrification. It sells large-scale equipment, signs long-term service agreements, and provides software to utilities, independent power producers, grid operators, and large industrial energy users. Its products include H-Class gas turbines that can burn natural gas with blends of hydrogen toward 100% hydrogen, Haliade-X offshore wind turbines up to 14.7 MW, and GridOS software that unifies grid data to help manage networks and integrate renewables. By combining hardware, services, and software under GE heritage, it aims to meet rising electricity demand while accelerating decarbonization across global energy systems.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
$17.6M
Headquarters
Cambridge, Massachusetts
Founded
2022
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Simplify's Take
What believers are saying
- Q2 2026 orders hit $24.2 billion, and backlog reached $176 billion.
- Management raised 2026 revenue guidance to $45.5 billion-$46.5 billion after 22% Q2 growth.
- AI data center demand drove over $5 billion orders in first-half 2026.
What critics are saying
- Wind posted $275 million Q2 2026 losses, and 2026 losses target about $400 million.
- Vineyard Wind settlement followed GE Vernova's February 2026 termination notice and blade-failure dispute.
- A severe offshore wind failure or contract dispute can destroy margins and investor trust.
What makes GE Vernova unique
- GE Vernova supplies 25%-30% of global electricity infrastructure, anchoring utility relationships.
- Its Power, Wind, and Electrification stack spans turbines, grids, software, and services.
- GridOS and VSC-HVDC position GE Vernova inside high-value grid modernization programs.
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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
GE Vernova CEO Scott Strazik announced on 16 September that the company's backlog could reach $200 billion in early 2027, earlier than Wall Street expected. The backlog stood at $167 billion at the end of Q2 2026, up from $176 billion the previous quarter. The power equipment manufacturer has seen strong demand driven by AI data centres. Data centre-related orders exceeded $5 billion in the first half of this year, more than double 2025's total. GE Vernova's Q2 revenue grew 22% year-on-year to $11.1 billion. Free cash flow reached $5.1 billion, surpassing its full-year 2025 level. The company raised its 2026 revenue forecast to $45.5 billion-$46.5 billion. However, the Wind business segment posted losses of $275 million, widening 66% year-on-year.
US Treasury yields near 4.79% reflect strong corporate borrowing for AI investments rather than economic weakness, according to analysts Joel Litman and Rob Spivey. They argue that context matters more than absolute rate levels. Companies borrowing at 5% to fund projects returning 30-40% benefit from current rates, whilst those earning less than borrowing costs face pressure. The analysts note that AI-related corporate debt issuance reached roughly $1.5 trillion this year, driving yields higher. Alphabet posted its first negative free cash flow since 2004, burning $5.9 billion in Q2 as capital expenditure hit $44.9 billion. Amazon swung to negative $7.6 billion on a trailing basis. However, negative cash flow can signal productive investment rather than distress, the analysts suggest.
GE Vernova and Quanta Services are positioned as resilient stocks that could withstand market volatility, according to a new analysis. Both companies are benefiting from surging demand for electrical infrastructure driven by AI and data centre expansion. GE Vernova, spun off from General Electric in 2024, has seen its stock rise more than sixfold since debut. The company's backlog expanded 37% year over year to $176.3 billion at the end of Q2 2026, nearly four times its projected annual revenue of $46.2 billion. Quanta Services, an energy infrastructure builder, reported a backlog of $53.4 billion in Q2 2026, up 49% year over year. The company's revenue is projected to grow 39% in 2026. Analysts expect GE Vernova's revenue and adjusted EBITDA to grow at compound annual growth rates of 17% and 60% respectively from 2025 to 2028.
GE Vernova has hired Claire McDonough as CFO, effective 1 January, leaving electric vehicle maker Rivian to find her successor. McDonough joined Rivian in January 2021 and helped take the company public through a $13.7 billion IPO that November. She also negotiated Rivian's technology joint venture with Volkswagen, which agreed to invest up to $5.8 billion. Rivian shares fell more than 6% following the announcement, whilst GE Vernova shares declined about 3%. Analysts cited Rivian's lack of a clear succession plan as a factor weighing on its shares. Derek Mulvey, Rivian's VP of finance, is expected to serve as interim CFO after McDonough's departure. McDonough will join GE Vernova in November, succeeding Kenneth Parks, who is retiring.
Elon Musk's SpaceX is building a foundry in Bastrop, Texas, to manufacture blades and vanes for industrial gas turbines, according to The Information. Musk confirmed the move on X, saying in-house casting could accelerate natural gas turbines coming online by up to 18 months. The initiative targets the same supply chain bottleneck GE Vernova has flagged to investors. GE Vernova CEO Scott Strazik said the company pushed suppliers to add capacity in 2024, sometimes providing capital for new furnaces. GE is mostly sold out through 2030 and aims to increase annual turbine production from 20 gigawatts this year to 30 GW by decade's end. SpaceX has committed over $2.8 billion to gas turbines over three years to support its Colossus data centres near Memphis. The move addresses growing power demand from AI infrastructure expansion.