GE Vernova
Global energy provider: power, wind, electrification
Energy Optimization Software Engineer Intern - Summer 2027
+ Relocation assistance + Weekly housing allowance
Must work from the Bellevue office.
About the job
- Currently enrolled in a Master or PhD program at an accredited university or a credentialed software accelerator program.
- A degree focused on Electrical and Computer Engineering, Computer Science, or a relevant STEM major.
- Commitment to working full time, 40 hours per week, during the internship.
- Willingness to work from the Bellevue, Washington office.
- Ability to work in the United States for an unlimited amount of time without sponsorship.
- Work within Grid – Software Solutions in the Services and Engineering functions.
- Solve problems related to Wholesale Energy Markets.
- Prior internship, co-op, or research experience in software, electrical engineering, power systems, or relevant areas.
- Familiarity with machine learning, deep learning, GPU applications, or quantum computing.
- Background in optimization or power systems.
- Hands-on coding experience.
- Experience with artificial intelligence and conversational AI technologies for developing intelligent assistants.
- Commitment to a career in technology and aptitude for both software and electrical engineering.
- Analytical and technical skills with experience in software industry standards and development tools.
- Written and verbal communication skills and the ability to articulate clearly.
- Creative problem-solving and proactive learning.
- A 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 rose 88% organically to $24.2 billion.
- Management now expects at least 125 GW of gas equipment under contract by year-end.
- Revenue guidance rose to $45.5 billion-$46.5 billion after Q2.
What critics are saying
- Wind lost $275 million in Q2 2026, widening 66% year over year.
- Vineyard Wind sued GE Vernova in February 2026 over a $360 million payment dispute.
- Another major turbine failure freezes offshore wind wins through 2027.
What makes GE Vernova unique
- GE Vernova's gas turbine backlog reached 116 GW in Q2 2026.
- Data-center electrification orders exceeded $5 billion in H1 2026.
- Grid X with LS Electric targets Korea's VSC-HVDC market.
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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 shares have fallen 20.8% from their 52-week high of $1,195.94, closing at $946.22 on 21 September. Despite the pullback, the stock remains up 47% over the past year. The company reported strong second-quarter results, with orders of $24.2 billion, up 88% organically year-on-year. Revenue reached $11.1 billion, up 22%, whilst net income for the first six months totalled $5.3 billion, compared with $756 million in the prior-year period. GE Vernova is positioned to benefit from surging power demand driven by artificial intelligence data centres. The company also has a nuclear energy division developing small modular reactors through a joint venture with Hitachi, with commercial operation expected by the end of 2030. The company faces challenges including a forward price-to-earnings ratio of 38.1 and declining wind division sales.
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.