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Today is a momentous day for a company purpose built to electrify and decarbonize the world. We have officially completed our spin-off from GE and are now standing on our own as an independent, publicly traded company.

This morning before market open, GE Vernova completed its spin-off from GE and will begin trading today on the New York Stock Exchange under the ticker “GEV.” As a reminder, record date holders of GE common stock received one share of GE Vernova common stock for every four shares of GE common stock held.

On Tuesday, April 2, a new company is set to launch on the world energy stage when GE Vernova completes its spin-off from the GE Corporation and officially begins operations as a standalone company. Building on more than 130 years of experience, GE Vernova’s mission is to electrify the world while simultaneously working to decarbonize it. As we approach this momentous shift, first announced in 2021, we thought we’d take a look back at some of the milestones that brought us from there to here.  

We are excited to host GE Vernova’s 2024 Investor Day in New York City, starting at 8:00am ET today ahead of its launch as an independent, public company on April 2, 2024. You can access a live webcast of the presentations, as well as accompanying slides and press release, on our investor relations website here.

With GE Vernova standing at the threshold of becoming a new purpose-built, energy-focused company in a few short weeks, it’s worth noting the inspiration for its name. It is, says the company, “a combination of ver, derived from verde and verdant to signal the greens and blues of the Earth, and nova, from the Latin novus, or ‘new.’” Novus also happens to be one of the roots of the word “innovation,” a pillar of GE from its founding. Innovation, then, is literally in the company’s DNA.

The world has faced myriad challenges in recent years, from challenges to energy security and extreme weather events impacting the grid to the COVID-19 pandemic and the macroeconomic turbulence it caused. These have helped to catapult sustainability to the top of the boardroom agenda, with companies now striving both to succeed as a business and in contributing to solving some of the world’s most pressing challenges at the same time.