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GE Vernova

Builds equipment and software for electric power

Project & Contract Manager

Full-TimeUpdated
No salary listed
Mid
Bachelor's
Kassel, Germany+1 moreMore locations: Berlin, Germany
Hybrid
Project & Program ManagementProject Management

About the job

Requirements
  • A completed commercial or technical vocational qualification or a completed degree; comparable qualifications and career changers with relevant professional experience are also welcome.
  • Ideally, experience in project management, preferably in plant engineering, the high-voltage sector, or turnkey switchgear and substations.
  • Basic knowledge of logistics and customs processes or a PMI or IPMA certification is advantageous; interest in electrical products and projects is also expected.
  • A structured, independent, and solution-oriented working style, with the ability to coordinate multiple topics in parallel and set priorities.
  • Strong communication skills and confidence in dealing with customers, suppliers, and internal stakeholders.
  • Fluent German, spoken and written, and good English for daily collaboration in an international environment.
  • Willingness to undertake occasional business travel within Europe and occasional worldwide travel, and to provide support at different locations or construction sites.
Responsibilities
  • Take overall responsibility for the operational, commercial, and strategic management of complex customer projects in the Trading & Product+ segment, from order receipt through execution and project closeout, including the warranty phase, ensuring compliance with safety, quality, cost, and schedule principles.
  • Act as the central interface between the factory, procurement, finance, installation, and customers, ensuring administrative data quality in SAP and SharePoint and strategic project management in an interdisciplinary matrix organization.
  • Independently manage, maintain, and plan complex customer orders and subprojects in SAP in compliance with company-wide requirements and global process standards.
  • Prepare and formally review order confirmations, and communicate bindingly with customers about order changes.
  • Maintain payment and revenue plans to ensure financial transparency, and provide ongoing project reporting as part of project reviews.
  • Proactively manage the project process and independently develop solutions to operational deviations, such as supply chain disruptions and schedule changes.
  • Identify process and project risks early and coordinate corrective actions with all relevant stakeholders.
  • Conduct gap analyses between specifications and offers, and negotiate change claims with customers.
  • Manage global material deliveries, including customs and export processing.
  • Ensure legally compliant quality standards through complete project documentation and certificate reviews.
  • Coordinate installation services in compliance with EHS requirements and supplier standards.
  • Manage commercial project execution in SAP in compliance with OTR processes and resolve outstanding invoices.
Desired Qualifications
  • PMI or IPMA certification.
  • Experience in project management, preferably in plant engineering, the high-voltage sector, or turnkey switchgear and substation projects.
  • Basic knowledge of logistics and customs processes.

About the company

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.

Company Size

10,001+

Company Stage

N/A

Total Funding

$17.6M

Headquarters

Cambridge, Massachusetts

Founded

2024

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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.

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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

Yahoo Finance
Oct 29th, 2026
GE Vernova buys Trench Group for $9B, doubles buyback to $20B as backlog hits $197B

GE Vernova agreed to buy Trench Group for $9 billion, the power equipment maker said on its third-quarter earnings call on October 28, 2026. The deal brings in-house the making of substation parts such as insulation bushings and coils for grid stability. Total order backlog grew to $197 billion. Gas power segment margins reached 21.4% of EBITDA, helped by the first 5 gigawatts of gas equipment shipments at higher prices. The company also doubled its share buyback programme from $10 billion to $20 billion. It holds $17 billion in cash and will fund the acquisition with a mix of debt and cash. Chief executive officer Scott Strazik said the company is "still in the early stages of this electricity investment super cycle.

AOL
Oct 28th, 2026
GE Vernova to buy Trench Group from Triton Partners for $9B

GE Vernova will buy high-voltage grid equipment maker Trench Group from investment firm Triton Partners in a $9 billion deal, the power equipment maker said on Wednesday. It aims to expand its electrification business and tap surging investment in power grids. The acquisition will add manufacturing capacity and widen GE Vernova's reach across North America, Europe, and Asia. It also gives the company access to Trench's backlog and framework agreements worth about $5 billion. GE Vernova expects to pay half in cash and half in debt, and to close the deal in late 2027. Separately, it raised its full-year revenue forecast for a third consecutive time, to $46.5 billion to $47.5 billion from $45.5 billion to $46.5 billion.

Yahoo Finance
Oct 24th, 2026
Venture Global's 16 gas power units deal ties GE Vernova deeper into AI data centre power

Venture Global has signed multi-year frame agreements with GE Vernova and Baker Hughes for up to 16 new gas-fired power island units, each rated at 720MW, plus grid equipment. The units will supply behind-the-meter power for its LNG facilities and potential AI data centres without drawing on public grids. The deal ties GE Vernova's gas turbines and grid hardware to privately controlled industrial networks rather than regulated utilities. It deepens the company's exposure to energy-hungry AI computing. GE Vernova expects 125GW under contract by 2026. Risks include weaker European demand, wind losses, tariffs, restructuring costs, and project delays. Analysts' bullish case sees 2029 revenue of $64.7 billion and earnings of $10.7 billion. A more cautious view puts them at $57.8 billion and $6.3 billion.

Yahoo Finance
Oct 22nd, 2026
GE Vernova Q3 preview: $176B backlog and 145% expected EPS growth ahead of October 28 report

GE Vernova will report third-quarter 2026 results on October 28. Analysts expect earnings of $4.03 per share, up more than 145% from a year earlier. In the second quarter, equipment orders more than doubled and service orders rose 15%. Total backlog climbed to $176 billion. For the third quarter, the company expects Power segment revenue growth of 17%–19% and an EBITDA margin of about 17%–18%, up from 13.3% a year earlier. Electrification revenue is forecast at $3.8 billion–$4.0 billion. The stock is about 26% below its 52-week high, which has eased valuation concerns. Most analysts rate it a "Strong Buy.

Yahoo Finance
Oct 22nd, 2026
GE Vernova up 600% since spin-off, with a $176B backlog: is the dip a buying chance?

GE Vernova's shares have risen nearly 600% since the company was spun off from GE Aerospace in 2024, driven by demand for electricity from artificial intelligence data centres. The stock has been in a lull since April. In the second quarter, its power division's revenue grew 14% to $5.5 billion, while new orders rose 134% to $16.7 billion, mostly for natural gas turbines. Its electrification arm's revenue climbed 68% to $3.6 billion, with orders up 93% to more than $6.3 billion. Total backlog stands at $176 billion, more than three times next year's expected revenue of $53 billion. Manufacturing capacity is the main bottleneck. About 80% of customers are traditional, and 20% are data centres. Most analysts rate the stock a strong buy, with a consensus price target of $1,199.47.