Boston, MA – October 23, 2025 – GE Vernova (NYSE: GEV), the global energy powerhouse, is making significant waves in the market, demonstrating robust stock performance, an unprecedented surge in organic orders, and a strategic move to fully acquire Prolec GE. These developments signal a major growth trajectory not only for the company itself but [...]
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Boston, MA – October 23, 2024 – GE Vernova (NYSE: GEV), a global leader in the energy transition, delivered a robust performance in its third-quarter 2024 earnings report, significantly surpassing analyst expectations. The impressive financial results, released on October 23, 2024, have sent a clear signal of the company's solid footing and
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The deal will bolster GE Vernova’s fast-growing electrification segment, amid a rapid rise in power demand in the U.S. driven by artificial intelligence data centers.
GE Vernova Inc. (NYSE: GEV) today announced that GE Vernova will acquire the remaining fifty percent stake of Prolec GE, its unconsolidated joint venture with Xignux, further positioning GE Vernova as a global leader serving growing grid markets. The deal will accelerate GE Vernova's Electrification segment’s growth trajectory, the company's fastest-growing segment, by expanding its presence in and support for North America, where demand for grid technologies is rising rapidly. This acquisition expands GE Vernova’s capability to serve both North American and global customers, at a time in which these markets are experiencing rapid electricity demand growth, driven in part by the growth of data centers and new policies implemented to expand the deployment of critical grid and electrification equipment.
