Energy giant announces major investment in US to help meet surging power demands

Published On Jan 29, 2025, 7:30 AM

GE Vernova, the energy spin-off of General Electric, has announced plans to invest nearly $600 million in U.S. facilities over the next two years. This investment is aimed at addressing the increasing electricity demands in the U.S. and will focus on various sectors including gas power, grid solutions, nuclear, and onshore wind manufacturing. The initiative is expected to create about 1,500 jobs and significantly enhance the company's capabilities in these energy sectors. Approximately half of the funds will go to expanding its gas turbine manufacturing business, along with investments in nuclear and renewable energy technologies.