Yesterday, GE Vernova released its 2025 Annual Report. The report includes a letter to shareholders from our CEO Scott Strazik, and our 2025 10-K. We encourage you to review the materials on our website.
In his letter, Scott outlines the next generational investment opportunity - electric power. “The global energy system is undergoing a major transformation. The world needs more energy, and a larger portion must be electric power for people and communities around the world to thrive,” Scott said. “Put simply, economic competitiveness and national security are dependent on the advancement of reliable, affordable, and sustainable electricity.”
He also discusses how we are serving strong markets that are only getting stronger with a focus on operational excellence, strategic investments, and industry-leading customer relationships. “There is no company better positioned to serve and transform the electricity system on a global scale than GE Vernova.” Scott continued, “We are a highly diversified electrical equipment and services provider uniquely ready for this growth moment. We are driving operational strength and investing into our manufacturing footprint.”
Finally, the letter details five strategic imperatives that define our path to sustained value creation in 2026 and beyond:
- Highest-Performing Team: Attracting, developing, and motivating top talent with an unapologetic focus on value creation, empowered decision-making, and acting with urgency
- Profitable Customer Expansion: Strengthening partnerships with major utilities while expanding to high-growth customers across the globe
- Innovation and Business Development: Creating new revenue streams through R&D investments in core products, high-growth business lines (carbon capture, fuel cells, solid state transformers), and next-generation platforms (SMRs, grid software) with strong return cases
- Exponential Technology and Data: Deploying AI, automation and robotics to unlock value from our installed base and further employee productivity
- Operational Excellence and Financial Performance: Executing on Safety, Quality, Delivery, Cost (in that order), maintaining a strong investment-grade balance sheet, and disciplined capital allocation including returning more than one third of cash generation to shareholders
Looking ahead, 2026 will be another important year for GE Vernova and our industry. We thank you for your continued support and investment in our company. For further information, please read the letter and our 10-K.
Best,
Michael & team
This document contains forward-looking statements. Forward-looking statements provide current expectations of future events based on certain assumptions. Words such as “expects,” “intends,” “plans,” “guidance,” “outlook,” and similar expressions, may identify such forward-looking statements. Except as required by law, we disclaim any obligation to update any forward-looking statements