17 articles
GE Vernova CEO states Venezuela power grid repairs are stalled pending payment despite completed planning. The project targets reviving the oil-based economy amid chronic blackouts requiring billions
GE Vernova agreed to acquire Trench Group for $9 billion to expand high-voltage grid equipment capacity amid surging electricity demand driven by AI data centers. The acquisition supports fulfillment
Venture Global secured deals with GE Vernova and Baker Hughes for up to 16 new power generation units to support its LNG operations and AI data centers. The first order is expected by end of 2026, tar
GE Vernova and Vineyard Wind have settled a legal dispute over a $4.5 billion New England wind farm project after GE threatened to terminate its contract due to unpaid claims stemming from widespread
Blue Energy Global has submitted an NRC application for small modular reactors at a Texas facility to power a Crusoe data center, partnering with GE Vernova for turbines and reactor designs.
US Energy Secretary Chris Wright announced a deal with GE Vernova to rehabilitate Venezuela's aging power grid, including the Guri Dam. The plan targets stabilizing operations within six to twelve mon
GE Vernova has agreed to repair Venezuela's deteriorating power grid, potentially rebuilding several gigawatts of capacity within six months. This deal supports broader US administration efforts to bo
Chevron, ONGC, and other firms are poised to sign final energy pacts in Venezuela following months of negotiations, distinct from a separate US-Venezuela reserve agreement.
Venezuela faces worsening power and water shortages due to El Niño drought and infrastructure decay, impacting agriculture and industry. Government promises turbine upgrades from GE Vernova and IMPSA
Engie's First Hydro Company will upgrade its Dinorwig pumped hydropower storage plant in Wales with new units supplied by GE Vernova. The modernization program aims to extend the plant's operational l
GE Vernova shares dropped after revenue guidance missed high AI-driven expectations. Gas turbine orders remain strong, but wind business losses widened and offshore bidding paused.
GE Vernova plans to strengthen Venezuela's power grid through new contracts despite earthquake delays, capitalizing on high demand for its gas turbines and transformers while raising full-year revenue
YPF Electric Energy disclosed a 45.8% revenue increase in its US IPO filing, operating 3,764 MW of thermal and renewable capacity with backing from GE Vernova and China's Silk Road Fund.
Polish developer SGE plans a £35 billion fleet of 14 small modular reactors in Britain, targeting power generation by 2034 using GE Vernova Hitachi technology. The project aims to support energy secur
Ukrainian energy firm DTEK plans to phase out coal by 2035, launching a €900 million gas turbine project with GE Vernova while expanding LNG imports and renewable investments.
Sweden's Vattenfall selected Rolls-Royce over GE Vernova to build three small modular nuclear reactors to meet surging power demand, targeting operation by mid-next decade.
A Massachusetts judge denied GE Vernova's request to halt work on the $4.5 billion Vineyard Wind project, ruling the supplier must continue despite a $360 million payment dispute caused by turbine bla
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