GE Vernova officially commenced trading as an independent entity on the New York Stock Exchange (NYSE) under the ticker symbol “GEV”. Following the spin-off from its parent company, General Electric, GE Vernova is poised to lead the charge in accelerating the energy transition towards a more sustainable future.
Scott Strazik, CEO of GE Vernova, expressed enthusiasm about the company's newfound independence, emphasizing their dedication to advancing the energy sector. With a sharp focus on Power, Wind, and Electrification segments, GE Vernova aims to address the escalating power demands of global economies while prioritizing sustainability.
The company boasts an extensive global presence, with over 80,000 employees spanning across 100 countries. GE Vernova's cutting-edge technology, including 7,000 gas turbines and approximately 55,000 wind turbines, contributes to powering nearly 30% of the world's electricity.
At the recent Investor Day, GE Vernova reaffirmed its financial guidance for 2024 and unveiled ambitious projections for 2025 and 2028. With a strategic emphasis on sustainability and innovation, the company is primed to seize opportunities in the rapidly evolving energy landscape, projected to grow to $435 billion by 2030.
GE Vernova's spin-off marks a pivotal moment in the energy industry, signaling a concerted effort towards decarbonization and electrification. As the company forges ahead with its commitment to innovation and sustainability, it aims to lead the charge towards a greener, more efficient future.
Source: gevernova.com