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GE Vernova LLC operates in the energy sector, within the industry of power generation equipment, grid infrastructure, and decarbonization solutions.
The company was formed from legacy business units of General Electric (GE) with the objective of consolidating a global portfolio focused on sustainable energy technologies, electrical infrastructure, and the energy transition.
The company’s creation was driven by GE’s strategic restructuring and the growing global demand for cleaner, more efficient, and integrated energy solutions. The U.S. government also plays a significant regulatory role, especially in areas such as nuclear energy, power grids, and large-scale infrastructure.
Its portfolio includes onshore and offshore wind turbines, gas and steam turbines, hydropower equipment, nuclear technologies through the GE-Hitachi partnership (including the BWRX series), transmission and distribution systems, grid digitalization, energy storage solutions, and energy-management software platforms.
GE Vernova has a global footprint, operating in over 100 countries across North America, Europe, China, India, Latin America, and the Middle East. Operations include manufacturing plants, research centers, service hubs, and engineering units that support utilities, industrial clients, governments, and infrastructure operators.
Key market drivers include the expansion of renewable energy, global decarbonization goals, modernization of electrical grids, rising competitiveness in the energy sector, and growing demand for infrastructure in emerging markets.
The company competes with Siemens Energy, Mitsubishi Power, Vestas, Westinghouse, and other global energy-technology providers. The operational structure consists of engineering centers, manufacturing facilities, field-service teams, research laboratories, and digital platforms.
With tens of thousands of employees worldwide, GE Vernova operates under an integrated model combining advanced manufacturing, engineering services, and digital solutions for the energy sector.
Shares of GE Vernova LLC are traded on the New York Stock Exchange (NYSE) under the ticker GEV.
History and When GE Vernova LLC Was Created
GE Vernova LLC was officially formed in 2024, following the strategic separation (“spin-off”) of General Electric into three independent companies: GE Aerospace, GE HealthCare, and GE Vernova.
The purpose of creating GE Vernova was to consolidate all of GE’s energy-related businesses into a standalone corporation focused on power generation, decarbonization, and grid infrastructure.
The company’s roots trace back to the late 19th century, when Thomas Edison founded Edison General Electric, a precursor to GE, which developed some of the world’s first commercial electric systems.
Over the following decades, GE became a global leader in steam turbines, gas turbines, electrical equipment, and industrial power systems—many of which now form the foundations of GE Vernova.
Throughout the 2000s and 2010s, GE expanded its portfolio by acquiring wind, hydropower, and grid businesses, as well as through its nuclear-technology partnership with Hitachi. These assets shaped the core of what later became GE Vernova.
The company’s initial public offering (IPO) occurred in 2024, marking its debut as a fully independent entity listed on the NYSE and completing one of the largest corporate restructurings in U.S. industrial history.
Between 2020 and 2024, the energy businesses that now form GE Vernova underwent operational restructuring, cost optimization, expansion in offshore wind projects, and modernization of gas-turbine technology.
The company also invested in smart-grid technologies, industrial software, and large-scale energy-storage solutions.
Today, GE Vernova focuses on accelerating renewable-energy development, modernizing global power-grid infrastructure, and advancing decarbonization technologies, establishing itself as one of the leading energy-technology companies worldwide.
Additional Information
The Company GE Vernova LLC (United States), is listed on Nasdaq with a market cap of $ 171.72 Billions, having an equity of $ 9.73 Billions.
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 37.67 Billions, which generated a profit in the amount of $ 1.70 Billion.
As for its main indicators, the Company has a P/E ratio of 100.77, a P/BV ratio of 17.65 and in the last 12 months the dividend yield of GEV was at 0.16%.
The Company is traded internationally through the ticker GEV.
