Summer 2026
Posted on 5/2/2026
Global energy provider: power, wind, electrification
No salary listed
London, UK
In Person
Relocation assistance provided: No; must be willing to travel as needed.
Bachelor's
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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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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
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.
GE Vernova has formed a joint venture with LS Electric to strengthen its position in the high-voltage direct current sector. Announced at the CIGRE 2026 event in Paris, the partnership will focus on South Korea's voltage source converter-based HVDC projects, which are crucial for transmitting renewable energy from the southwestern region to greater Seoul. The venture combines GE Vernova's VSC-HVDC technology with LS Electric's local capabilities and market presence. The companies also plan to pursue HVDC opportunities in other global markets. The move aligns with GE Vernova's strategy to capitalise on growing power infrastructure demand. During Q2, the company's Power orders jumped 135% year-over-year, whilst Electrification revenue grew 68%. However, the joint venture faces execution risks and may take time to generate meaningful revenue.
Jim Cramer defended GE Vernova on CNBC, arguing the industrial power generation equipment maker isn't a good short despite broader negativity around the data centre sector. He cited the company's stable nuclear reactor delivery timelines and exposure to AI infrastructure buildout. GE Vernova reported strong Q2 results with $6.4 billion in working capital benefit from customer down payments, pushing free cash flow to $5.1 billion, up 2,532% annually. The company raised its full-year cash flow guidance to $11.5 billion-$12.5 billion from $6.5 billion-$7.5 billion. However, Q2 earnings per share of $2.47 and EBIT of $653 million both missed analyst estimates. Hedge fund interest declined, with 106 out of 1,006 funds holding stakes in Q2, down from 118 out of 1,022 in Q1.
Morgan Stanley equity strategist Michelle Weaver estimates a potential 38-gigawatt power shortfall for AI data centres through 2028. This gap — equivalent to powering several dozen major cities — is driving AI facility operators to develop their own power solutions. GE Vernova leads this opportunity through natural gas power turbines. The company secured $16.7 billion in orders last quarter, up 134% year over year, predominantly from this division. GE Vernova projects approximately $46 million in total 2026 revenue, compared with $38 billion last year. Global Market Insights forecasts the natural gas power turbine market will grow over 11% annually through 2035, reaching nearly $65 billion. Additionally, J.P. Morgan analysts expect $5.8 trillion in global grid upgrades by 2035, benefiting GE Vernova's nuclear power, energy storage, and grid technology divisions.