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Updated: 1 hour 19 min ago

GE Aerospace Launches as Independent, Investment-Grade Public Company Following Completion of GE Vernova Spin-Off

Tue, 04/02/2024 - 13:30
GE Aerospace launches as an independent public company defining the future of flightPositioned to deliver long-term growth as a global leader in propulsion, services and systemsLaunch of GE Aerospace marks successful completion of GE’s multi-year transformationGE Aerospace to trade on the New York

GE Vernova’s Power Conversion business to supply integrated full electric propulsion systems for the Republic of Singapore Navy’s Multi-Role Combat Vessel program

Mon, 03/18/2024 - 05:00
Contract signed with ST Engineering Marine Limited to supply GE Vernova’s Ship’s Electric Grid for use on the Republic of Singapore Navy’s six new Multi-Role Combat Vessels (MRCVs)GE Vernova’s Ship’s Electric Grid manages and distributes electric power throughout the ship and includes its energy-

Technip Energies and GE Vernova advance the UK’s transition to net-zero with one of the world’s first commercial scale gas-fired power and carbon capture projects

Fri, 03/15/2024 - 10:30
Net-Zero Teesside (NZT) Power is expected to be one of the first gas-fired power stations of its kind - fully integrated with carbon capture technology.Consortium and technology selection marks an important next step towards the proposed development of bp’s NZT Power project in the UK, aiming to

Invenergy uses GE Vernova turbines to commission first onshore wind energy center in Japan

Thu, 03/14/2024 - 03:00
Project in Rusutsu, Hokkaido Japan reached commercial operation using 15 of GE Vernova’s 4.2-117 turbinesTotal installed capacity of approximately 63 MW can provide power for the equivalent of 35,000 households on an annual basisRusutsu, Hokkaido: March 14, 2024 – Invenergy and GE Vernova’s Onshore

GE Vernova’s Global EPC Summit brings the industry together in Dubai and fosters collaboration and common safety standards

Mon, 03/11/2024 - 16:00
Summit was to bring the common mission to life to transform the way power is produced, helping to decarbonize and electrify communities all over the world.Participating organizations jointly developed and signed a safety pledge to work together to achieve common safety standards across the industry

GE Vernova names Sharon Heck as Treasurer

Mon, 03/11/2024 - 15:14
Cambridge, MA: March 11, 2024 – GE (NYSE: GE) today announced that GE Vernova has finalized the Treasurer position on its finance leadership team.Sharon Heck will serve as Treasurer for GE Vernova, effective April 2, in addition to her current role as Vice President - Head of Tax. As Treasurer,

GE Vernova and Montana Technologies close Joint Venture to manufacture transformational air conditioning and atmospheric water harvesting products

Mon, 03/11/2024 - 14:28
The 50/50 Joint Venture, Named AirJoule, LLC, will exclusively manufacture and supply air conditioning and atmospheric water harvesting products in the Americas, Africa, and AustraliaAirJoule will combine GE Vernova’s proprietary sorbent materials and coating process with Montana’s patented process

GE Aerospace Hosts 2024 Investor Day

Thu, 03/07/2024 - 13:15
GE Aerospace reaffirms guidance and presents longer-term financial outlook, including achieving ~$10B of operating profit* in 2028Consistent profit and free cash flow* growth enabling continued business investment and shareholder returns of ~70-75% of available funds through dividends and share buy

GE Vernova hosts 2024 Investor Day

Wed, 03/06/2024 - 12:04
GE Vernova operationally and financially ready to spin off from GE on April 2GE Vernova reaffirms 2024 financial guidance, presents its 2025 financial guidance and outlook by 2028Building financial momentum with significant adjusted EBITDA* and free cash flow* growth aheadDebuting GE Vernova’s

GE Vernova’s Vera Silva elected to two elite engineering academies in France and the U.S.

Mon, 03/04/2024 - 11:00
Vera Silva, Chief Strategy & Technology Officer of GE Vernova’s Electrification Systems business, elected to the National Academy of Technologies of France and the National Academy of Engineering in the U.S., in recognition for her contributions to science and technology, in particular the

GE Board of Directors Approves Spin-Off of GE Vernova; GE Vernova and GE Aerospace to Launch April 2, 2024

Thu, 02/29/2024 - 23:50
Board sets spin-off date for GE Vernova (NYSE: GEV) of April 2, 2024, pre-marketShareholders of record on March 19, 2024, will receive one share of GE Vernova for every four shares of GE ownedFollowing the planned spin-off of GE Vernova, GE shareholders will continue to hold their GE shares as GE

GE Vernova helps Kindle Energy Support Colorado’s energy transition

Thu, 02/29/2024 - 14:53
Kindle Energy’s Mountain Peak Power Plant will be powered by six units of GE Vernova’s aeroderivative gas power LM2500XPRESS* packagesGE Vernova’s Financial Services provided project co-development to help Kindle Energy meet United Power’s near-term capacity needsAtlanta: February 29, 2024 ‒

GE Vernova launches new portfolio of Grid Automation solutions to enhance grid resilience

Wed, 02/28/2024 - 16:30
The new suite, named GridBeats, offers innovative software-defined automation solutions designed to modernize and digitalize grid operations.The portfolio, comprising five digital grid solutions, is designed to enable utilities to ensure a stable, efficient energy supply amidst the growing

GE Vernova unveils new AI-based software to advance industrial sustainability and operations goals simultaneously

Wed, 02/28/2024 - 15:01
New artificial intelligence-based software is designed to help industrial facilities meet their sustainability goals, all while helping to reduce costs and maximize profitability.Cambridge, Massachusetts: February 28, 2024 – GE Vernova announced today the release of Proficy® for Sustainability

GE Vernova secures major orders from PGCIL to accelerate India's energy transition

Tue, 02/27/2024 - 13:38
GE Vernova’s Grid Solutions business secures orders worth multi-million dollars from Power Grid Corporation of India for the supply of 765 kV Shunt Reactors.The orders support India's clean energy goals, enhancing grid stability and efficiency for integrating renewable energy.The orders will be

GE Vernova ranked #1 in 2024 Guidehouse Insights Leaderboard for GridOS® DERMS software that enables a smarter, resilient grid

Tue, 02/27/2024 - 13:04
Recognition underscores GE Vernova’s dedication to setting the standard in distributed energy resource (DER) management with its GridOS DERMS solution.GridOS DERMS delivers a robust suite of modular applications, enabling grid operators to navigate the complex DER lifecycle - from integration and

GE Vernova and Dragos team up to protect electric grids from cyber threats

Thu, 02/22/2024 - 12:36
GE Vernova’s Grid Solutions partners with Dragos Inc. to offer comprehensive industrial cybersecurity solutions for enhancing grid resilience.The partnership aims to strengthen defense mechanisms of the electric grid by combining expertise in grid automation and operational technology (OT)

GE Vernova unveils grid data management software to unlock a smarter, more resilient energy network

Wed, 02/21/2024 - 13:12
GE Vernova adds the first grid-specific data fabric to its GridOS® software portfolio to help utilities better orchestrate the electric grid across transmission, distribution, and the edge by unlocking data to solve the challenges of electrification.Itron is among the key collaborators with GE

Opening of Australia's first dual-fuel gas and green hydrogen capable power plant in New South Wales

Mon, 02/19/2024 - 10:36
Illawarra, New South Wales, Australia, 19 February 2024 – GE Vernova’s Gas Power business (NYSE:GE) and EnergyAustralia today announced the opening of the Tallawarra B Power Station, in New South Wales, Australia.Powered by GE Vernova’s 9F.05 gas turbine, Tallawarra B

GE announces filing of Form 10 registration statement for planned spin-off of GE Vernova

Thu, 02/15/2024 - 21:45
GE Vernova, a global leader driving electrification and decarbonization, to become standalone public companyGE Vernova is well-positioned for multi-decade secular growth driven by the energy transitionLatest milestone as GE Vernova prepares to spin-off in early April following strong 2023 results

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