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Earlier this year, GE Vernova CEO Scott Strazik wrote that helping to solve the energy challenges of tomorrow depends on the “gritty, never-give-up” hopefulness of its 75,000 employees. “What we’ve learned in our first historic year as GE Vernova is that the best way to do this starts on our factory floors, at the installed base, and in our research centers, all guided by a relentless sense of optimism in our capacity to create and lead positive change.”

Last month, world leaders met in Belém, Brazil, at the UN’s COP30 summit to share their plans to implement solutions to address climate change. The next week, 5,300 miles away in Johannesburg, South Africa, at the annual summit of the B20 (or Business 20), a forum of the G20 for the global business community, leaders focused on a similar theme: “Inclusive Growth and Shared Prosperity Through Global Cooperation.” It’s a subject close to the heart of GE Vernova’s leadership, of which there were several members at both conferences.

Yesterday, GE Vernova hosted its 2025 Investor Update event in New York City. We see a stronger financial trajectory ahead with substantially higher returns expected beyond 2028. We raised our multi-year financial outlook, and announced that our Board of Directors approved the doubling of our dividend and increased our share buyback authorization. We also reaffirmed our 2025 revenue and adjusted EBITDA margin* guidance, raised our 2025 free cash flow* guidance and presented our 2026 financial guidance.

Statistics reflect what leaders like Yogini Parkhi know from experience. At a key moment in many girls’ lives, they’re nudged away from interests like math and science. “I know it happened to me growing up in India,” says Parkhi, the engineering leader for GE Vernova’s Grid OS Data Fabric and Connect business. She saw the same thing happen with her daughter years later in the States. “When she was 10 she could solve a Rubik’s Cube in 50 seconds,” Parkhi recalls. “But she pulled away from puzzles and math competitions because of social pressure telling her these were ‘boy things.’”

Hydropower is the backbone of grids all over the world, supplying more than 15% of global electricity and acting as a key enabler of other renewables like wind and solar. It plays a key role in countries such as Brazil, where hydropower represents approximately 60% of its energy matrix.