America’s leading energy manufacturer expects
to create approximately 1,500 new factory and engineering jobs in
the U.S.
- Expansions at company’s U.S. factories and facilities will help
meet surging customer demands for electricity equipment at home and
abroad
- Investments focus on gas power, grid, nuclear and onshore wind
manufacturing sites
- Company’s world class Advanced Research Center in Niskayuna, NY
plans to grow as a leading energy innovation hub while accelerating
cutting-edge energy technology development
GE Vernova Inc. (NYSE:GEV), America’s leading energy
manufacturing company, is planning to invest nearly $600 million in
its U.S. factories and facilities over the next two years to help
meet the surging electricity demands around the world.
The new investments – expected to create approximately 1,500 new
U.S. jobs – will help drive U.S. energy affordability, national
security, and competitiveness, and enable the American
manufacturing footprint needed to support expanding global
exports.
With worldwide energy needs forecasted to double, the
substantial investments – the largest since the company’s spinoff
in April – will help meet soaring customer demand, strengthen
domestic supply chains, and continue developing cutting-edge
American technology that helps power the world.
“These investments represent our serious commitment and
responsibility as the leading energy manufacturer in the United
States to help meet America’s and the world’s accelerating energy
demand,” said Scott Strazik, CEO of GE Vernova. “These strategic
investments and the jobs they create aim to both help our customers
meet the doubling of demand and accelerate American innovation and
technology development to boost the country’s energy security and
global competitiveness.”
The new investments are the first part of a larger $9 billion
cumulative global capex and R&D investment plan through 2028
that was announced at the company’s Investor Update on December 10.
Currently GE Vernova has more than 18,000 workers across 50 states
in the U.S., with 18 U.S. manufacturing facilities and its global
headquarters located in Massachusetts. The company’s technology
helps produce approximately 25 percent of the world’s energy and is
currently deployed in more than 140 countries.
Plans to expand gas turbine
manufacturing
To support our previously announced plan to deliver up to 80
heavy duty gas turbines per year, resulting in an additional 20GW
of electricity globally, GE Vernova intends to invest almost $300
million in support of its Gas Power business and build-out of
capacity incremental heavy duty gas turbines. The new funding is
projected to create more than 850 new jobs, and support a range of
new projects, including:
- In Greenville, SC, the company is planning to invest
more than $160 million to support capacity growth, quality,
industrialization and delivery efforts, and new testing capability
with hydrogen fuel. These efforts are expected to create more than
650 new jobs.
- In Schenectady, NY, as previously announced, GE
Vernova is planning to hire on more than 100 new jobs in 2025, and
is investing over $50 million to support capacity growth and
sustainability, industrialization and quality efforts.
- GE Vernova is planning to invest nearly $50 million combined in
its Parsippany, NJ and Bangor, ME, locations to
support capacity growth and quality, industrialization and delivery
efforts.
Plans to expand grid solutions
business
GE Vernova is planning to invest a total of nearly $20 million
to expand capacity at its Grid Solutions facilities in
Charleroi, PA, which manufactures switchgear, and
Clearwater, FL, which produces capacitors and instrument
transformers. The investment is expected to result in a total of
more than 260 new jobs at the two facilities. The investments are
critical to meet rising demand for critical high-voltage grid
equipment. The majority of the investment is planned for the
installation of new assets to create additional capacity and
improve productivity.
More resources for nuclear
business
GE Vernova’s nuclear business, GE Hitachi, plans to invest more
than $50 million to enhance safety, quality and productivity at its
Wilmington, NC factory and to launch its next generation
nuclear fuel design, a critical component to the company’s small
modular reactor, the BWRX-300. The BWRX-300 reactor is the only
advanced design that includes an approved, existing fuel. Expanding
capacity of the fuel manufacturing operation further positions the
BWRX-300 as the most ready to deploy advanced reactor on the
market.
This investment also seeks to expand automation at the plant,
which has been manufacturing fuel since 1968 and serves much of the
U.S. boiling water reactor fleet, strongly positioning it for the
future as the demand for nuclear energy increases globally,
particularly as several U.S. utilities restart retired plants.
More capacity for U.S. onshore wind
factories
As it continues focusing on its workhorse product strategy, GE
Vernova’s Wind segment is planning to invest nearly $100 million in
its manufacturing facilities in Pensacola, FL,
Schenectady, NY and Grand Forks, ND and its
remanufacturing facilities in Amarillo, TX. These continuing
investments aim to strengthen the U.S. supply chain for renewable
energy through factory upgrades and tooling and fixtures
investments, while improving customer and employee experience
through a new experience center in Pensacola and office renovations
in Schenectady.
Adding U.S. manufacturing capacity to
support U.S. grid, demand for solar and energy
storage
GE Vernova is planning to invest more than $10 million in its
Pittsburgh, PA facility to expand capabilities across its
Electrification segment. This includes planned funding to house a
new domestic manufacturing line for the company’s
FLEXINVERTER, a key technology for utility-scale solar and
energy storage applications. The total investment is expected to
create more than 270 new jobs, with the new line producing both the
1500V and 2000V FLEXINVERTER. This will help enable
utilities to seamlessly connect renewable energy sources to the
grid, ensuring stable and consistent energy supply for homes and
businesses.
Expanding leading energy innovation
research hub
At its Advanced Research Center in Niskayuna, NY, a
leading hub for energy technology and innovation, GE Vernova plans
to invest almost $100 million in 2025 to strengthen the center’s
electrification and carbon efforts, enable continued recruitment of
top-tier talent, and push forward innovative technologies including
direct air capture, alternative fuels for power generation, the
grid of the future, critical infrastructure security and more. In
partnership with New York Governor Kathy Hochul and Empire State
Development, the State of New York is committing an additional $9.6
million in tax credits to the project. The company expects this
investment will create 75 new research jobs. The company is also
planning to fund Generative Artificial Intelligence (AI) work in
Niskayuna at $15 million in 2025.
These new investments in U.S. facilities follow more than $167
million in funding in 2024 across a range of GE Vernova sites,
helping create more than 1,120 jobs to continue U.S. leadership in
energy manufacturing for the nation and exports for the world.
About GE Vernova
GE Vernova is a purpose-built global energy company that
includes Power, Wind, and Electrification segments and is supported
by its accelerator businesses. Building on over 130 years of
experience tackling the world’s challenges, GE Vernova is uniquely
positioned to help lead the energy transition by continuing to
electrify the world while simultaneously working to decarbonize it.
GE Vernova helps customers power economies and deliver electricity
that is vital to health, safety, security, and improved quality of
life. GE Vernova is headquartered in Cambridge, Massachusetts,
U.S., with approximately 75,000 employees across 100+ countries
around the world.
GE Vernova’s mission is embedded in its name – it retains its
legacy, “GE,” as an enduring and hard-earned badge of quality and
ingenuity. “Ver” / “verde” signal Earth’s verdant and lush
ecosystems. “Nova,” from the Latin “novus,” nods to a new,
innovative era of lower carbon energy. Supported by the Company
purpose, The Energy to Change the World, GE Vernova will help
deliver a more affordable, reliable, sustainable, and secure energy
future. Learn more: GE Vernova’s website and LinkedIn.
Forward-Looking Statements
This document contains forward-looking statements – that is,
statements related to future events that by their nature address
matters that are, to different degrees, uncertain. These
forward-looking statements often address GE Vernova’s expected
future business and financial performance and financial condition,
and the expected performance of its products, the impact of its
services and the results they may generate or produce, and often
contain words such as “expect,” “anticipate,” “intend,” “plan,”
“believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,”
“target,” “preliminary,” or “range.” Forward-looking statements by
their nature address matters that are, to different degrees,
uncertain, such as statements about memoranda of understanding and
the expected impact of the relationships created thereunder,
contract and project proposals, bidding processes, government
review processes and competitions, investments or projects and
their expected results and the impacts of macroeconomic and market
conditions and volatility on the Company’s business operations,
financial results and financial position and on the global supply
chain and world economy.
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version on businesswire.com: https://www.businesswire.com/news/home/20250128355367/en/
Media: Treacy Reynolds treacy.reynolds@ge.com +1 978 810
4398
GE Vernova (NYSE:GEV)
過去 株価チャート
から 12 2024 まで 1 2025
GE Vernova (NYSE:GEV)
過去 株価チャート
から 1 2024 まで 1 2025
