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Investor Relations

GE Vernova to announce fourth quarter and full year 2024 financial results on January 22

3 min read

CAMBRIDGE, Mass. (January 8, 2025) – GE Vernova Inc. (NYSE: GEV) is scheduled to release its fourth quarter and full year 2024 financial results on Wednesday, January 22, 2025, before market open. GE Vernova CEO Scott Strazik and GE Vernova CFO Ken Parks will discuss the company’s financial results in a webcast at 7:30 AM ET, which can be accessed at https://www.gevernova.com/investors/events/ge-vernova-4th-quarter-2024-earnings-webcast.

The earnings press release and supplementary financial information, including reconciliations of non-GAAP financial measures, will also be posted at the same link on the GE Vernova Investor Relations website. A replay of the call will be made available as a direct download on GE Vernova’s website at https://www.gevernova.com/investors/events.

Additional Information
GE Vernova’s website at https://www.gevernova.com/investors contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit this website from time to time, as information is updated, and new information is posted. Investors are also encouraged to visit GE Vernova’s LinkedIn and other social media accounts, which are platforms on which the company posts information from time to time.

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About GE Vernova

GE Vernova Inc. (NYSE: GEV) 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 approximately 100 countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Michael Lapides

GE Vernova | Vice President of Investor Relations

+1 617 674 7568

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GE Vernova | Director of Financial Communications
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GE Vernova

Integração para a descarbonização: respostas para desafios do setor elétrico no Brasil

11 min read
Images of a gas turbine, a dam, wind turbines, an energy storage unit, and an electrical station.

 

Em novembro deste ano, a matriz elétrica brasileira atingiu o marco de mais de 228 GW em capacidade instalada, sendo uma das maiores e mais diversificadas globalmente. A participação de fontes de energia renováveis ​​como hidrelétrica, eólica, solar e biomassa, respondem por mais de 90% do total, fazendo do Brasil o país do G20 que possui a matriz elétrica com maior uso de energias renováveis, de acordo com estudo da Ember Climate

Essa realidade é bastante favorável para o país, principalmente no contexto da transição energética, que almeja ajudar no combate às alterações climáticas resultantes do aquecimento global. Uma das maneiras de limitar esse aquecimento é justamente por meio da descarbonização, ponto fundamental da transição.

No Brasil, o setor de energia não é o principal emissor de carbono. De acordo com um estudo da Empresa de Pesquisa Energética (EPE), em 2022, estima-se que a produção e o uso de energia tenham correspondido a apenas 24% das emissões brasileiras de gases de efeito estufa (GEE), número explicado pela matriz energética diversificada e com ampla participação de fontes renováveis. Contudo, a descarbonização do setor elétrico é chave tanto para reduzir ainda mais sua participação direta nas emissões, quanto para apoiar os demais setores que precisam de eletrificação e descarbonização, como o setor de transporte, unindo esforços para ajudar a combater o aquecimento global.

Diante disso, o crescimento de fontes como a eólica e a solar segue como um dos principais pilares da descarbonização, inserindo ainda mais energia renováve na matriz que apoiará as demandas por uma eletrificação eficiente e sustentável. Há algumas décadas, essas fontes – até então consideradas alternativas – ainda não figuravam nas estatísticas de geração de energia com os primeiros projetos sendo iniciados apenas no final dos anos 2000. Hoje, a realidade é bem diferente, e essas mesmas fontes já respondem por mais de 20% da matriz elétrica brasileira, número que deve chegar aos 23% em 2028, segundo a projeção do Operador Nacional do Sistema (ONS).

INTEGRAÇÃO É CHAVE PARA A DESCARBONIZAÇÃO

Espera-se que o crescimento da geração eólica e solar continue especialmente considerando os objetivos da transição energética. Contudo, esse crescimento vem acompanhado de grandes desafios, dada a intermitência característica dessas fontes, por exemplo, considerando que há períodos nos quais os ventos não estão soprando com todo seu potencial e o sol deixa de incidir sobre os parques solares.

Um parque solar com turbinas eólicas ao fundo

Para equilibrar o sistema, outras fontes entram em ação e destacam a importância de seu papel ao complementar a rede elétrica conforme a demanda, fornecendo energia despachável. Uma dessas fontes é a hidráulica, que detém a maior participação na matriz elétrica do país, sendo sua principal fonte de energia renovável há décadas e uma grande aliada da transição energética. Cláudio Trejger, CEO da unidade de Hydro Power para a América Latina, alerta para o fato de que as usinas hidrelétricas brasileiras estão operando há décadas e é fundamental investir também na modernização delas. Esse tipo de serviço ajuda a prolongar a vida útil desses ativos, melhorando a eficiência e otimizando a utilização do recurso hídrico disponível para atender à demanda de eletricidade no país. “Existe uma grande oportunidade para aumentar a potência em várias usinas, porém as geradoras não têm explorado esta possibilidade, pois aguardam a revisão das regras vigentes. A modernização ajuda a aumentar a eficiência e tornar a usina estar disponível por mais tempo, oferecendo maior segurança ao fornecimento de energia. Para isso, nossos times trabalham integrando serviços e tecnologias para otimizar as operações de hidrelétricas como no caso da maior atualização tecnológica da Itaipu Binacional (segunda maior usina hidrelétrica do mundo), e do projeto de modernização da Usina Hidrelétrica de São Simão. Também gostaria de destacar a possibilidade de implantar Usinas Reversíveis, tecnologia oferecida pela GE Vernova, e que pode assumir um importante papel no programa de transição energética do país”, disse Cláudio.

Outra fonte que também tem a capacidade necessária de despacho para complementar as fontes intermitentes e apoiar a atuação da fonte hidráulica, em especial quando o país enfrenta crises hídricas, é o gás natural. Daniel Meniuk, VP de Serviços para América Latina para Gas Power, afirma que “no Brasil, as termelétricas modernas a gás natural, como as usinas do Complexo AzulãoPorto de Sergipe I, fazem a diferença ao ajudar a complementar e a manter nossa rede estável, oferecendo energia segura, confiável e cada dia mais sustentável dada a melhoria constante da tecnologia utilizada." Segundo ele, além de fornecer uma fonte confiável e complementar à geração renovável, as emissões de turbinas a gás podem ser ainda mais reduzidas no futuro usando hidrogênio como combustível e tecnologias de captura de carbono. "No portfólio da GE Vernova, já temos turbinas a gás natural capazes de queimar hidrogênio, de acordo com a demanda do cliente e a infraestrutura da planta. Um exemplo disso ocorre na planta DeBary da Duke Energy, que deve se tornar uma das primeiras usinas de energia em operação comercial a produzir, armazenar e queimar 100% por volume de hidrogênio verde para aplicações relacionadas aos picos de energia", conclui.

MAIS QUE UMA GERAÇAO EFICIENTE, ESTABILIDADE NA ENTREGA

Se a integração de diferentes fontes precisa ser muito bem orquestrada para permitir o crescimento sustentável das fontes renováveis sem prejudicar o abastecimento de energia, gerenciar a qualidade da operação da rede, com foco na estabilidade e segurança da rede elétrica, também é fundamental.

“A rede elétrica é uma das invenções humanas mais complexas que existem. E quando a gente tem mais eólica e solar entrando, a gente tem flutuações de rede e, consequentemente na qualidade da energia que está sendo entregue em todo o país. Por isso, essa rede tem que ser monitorada e condicionada”, afirma Renato Yabiku, CTO para América Latina na unidade de Power Conversion. “A GE Vernova traz um portfólio completo de soluções (hardwares e softwares), desde a geração até a parte de estabilização, seja por meio de programas de orquestração da rede. Como exemplo, destaco os compensadores síncronos, equipamentos que servem justamente para aumentar a capacidade e a estabilidade do Sistema Interligado Nacional (SIN), oferecendo maior qualidade e segurança à transmissão de energia elétrica mesmo em condições adversas. Essa tecnologia ajuda a evitar interrupções e apagões e complementa outras como o STATCOM,  que é uma espécie de inversor conectado à rede para dar potência de forma reativa, contribuindo para a estabilização”, explica.

Nesse sentido, Sergio Binda, Líder de Grid Automation para a GE Vernova na América Latina, reforça que a empresa também possui soluções digitais e integradas com poder de computação aumentada, desenvolvidas para gerenciar a rede, visando maior segurança, confiabilidade, capacidade e resiliência na transmissão de energia. “Quando pensamos em uma solução para a rede, inclusive visando a estabilização, existem tecnologias para dar respostas a eventos como uma falha ou um curto-circuito. Esses pacotes de software, como o GridOSGridBeats, por exemplo, oferecem modelos adequados para cada um dos equipamentos”, afirma. Binda ainda destaca que essas soluções próprias trazem mais valor e uma resposta mais assertiva e segura para aqueles que geram energia e operam o sistema.

Sistema de painéis digitais para monitorar a rede elétrica

DE OLHO NO FUTURO: INTEGRAÇÃO E NOVAS TECNOLOGIAS

Com base em mais de 130 anos de experiência e um portfólio completo de soluções em geração, transmissão, armazenamento de energia, além de softwares e outras tecnologias digitais focadas em eletrificação e descarbonização, a GE Vernova está posicionada de forma única para acelerar a transição energética. Atualmente, sua base tecnológica instalada ajuda a gerar cerca de um quarto da energia no mundo, posicionando a empresa como líder em toda a cadeia de valor da indústria de energia.

De olho no futuro e ciente da importância de desenvolver novas tecnologias que acompanhem a demanda do planeta por energia confiável, acessível e sustentável, a empresa investe aproximadamente US$ 1 bilhão anualmente em Pesquisa & Desenvolvimento. Além disso, trabalha para que a atuação das diferentes áreas da empresa sob os segmentos de Power, Wind e Electrification, facilitem a integração de tecnologias para solucionar os desafios do setor elétrico no Brasil e ao redor do mundo, contribuindo de forma decisiva para a transição energética global.

Quer saber mais?

Recentemente, Daniel Meniuk (VP de Serviços para América Latina, Gas Power) e Renato Yabiku (CTO para a América Latina na unidade de Power Conversion), falaram sobre as soluções da GE Vernova no cenário de transição energética em entrevista ao programa MegaCast, do portal especializado em Energia, MegaWhat. Os executivos abordaram desafios complexos do setor no Brasil e o papel das novas tecnologias para a integração de energias renováveis e a estabilidade de todo o sistema elétrico. Assista aqui.

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Meet a Dozen People Who Made GE Vernova’s First Year Remarkable

Chris Norris
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Last April, GE Vernova launched as a standalone company with a mission to electrify and decarbonize the world. The catalyst behind the change the company is creating is its 75,000-strong global team — their ideas, their energy, and their commitment. Meet a dozen of the people who helped GE Vernova get off to a running start.

 

The Enlightener: Vera Silva

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GE Vernova

The 10 Biggest Stories from Year One of GE Vernova

Christine Gibson
GE Vernova Sustainability Report

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“In my mind, there are no two letters that better embody the spirit of innovation — and have always embodied the spirit of innovation, in the past and the future of this country — than ‘GE,’” said Scott Strazik, CEO of GE Vernova, as his company officially completed its spin-off from the GE Corporation in April. In the eight months since, GE Vernova has continued to make good on its commitment to electrify and decarbonize the world. As the company looks forward to another year leading the energy transition, here’s a glance back at the biggest milestones of 2024.

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Investor Relations

GE Vernova 2024 Investor Update Recap

Scott Strazik, Michael Lapides, Ken Parks (left to right) at the Investor Update event.

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Yesterday, GE Vernova hosted its 2024 Investor Update event in New York City. Given our strong financial trajectory from robust customer demand and better execution, we raised our 2025 guidance and our outlook by 2028. We also framed our capital allocation strategy, announcing that our Board of Directors declared a quarterly dividend and approved an initial share repurchase authorization.

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Decarbonization

North Star: This First-of-a-Kind Project in the U.K.’s Teesside Region Could Be the Template for Carbon Capture

Chris Noon
Image of the NZT Power Plant

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Teesside, the urban region perched on the muddy banks of the River Tees in northeast England, used to be a global beacon of industry. In the mid-19th century, the port of Middlesbrough forged its reputation as “Ironopolis,” boasting nearly 100 blast furnaces that roared away round the clock.

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Investor Relations

GE Vernova declares $0.25 per share quarterly dividend and initial $6 billion share buyback

5 min read

NEW YORK (December 10, 2024) – GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.25 per share quarterly dividend and approved an initial $6 billion share repurchase authorization. The quarterly dividend will be payable on January 28, 2025, to shareholders of record as of December 20, 2024.

Future dividend declarations will be made at the discretion of the Board of Directors and will be based on GE Vernova’s earnings, financial condition, cash requirements, prospects, and other factors. The share repurchase authorization has no expiration date and may be suspended or discontinued at any time.

Additional Information
GE Vernova’s website at www.gevernova.com/investors contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit this website from time to time, as information is updated, and new information is posted. Investors are also encouraged to visit GE Vernova’s LinkedIn and other social media accounts, which are platforms on which the Company posts information from time to time.

Additional Financial Information
Additional financial information can be found on the Company’s website at: www.gevernova.com/investors under Reports and Filings.

Caution concerning forward-looking statements
Certain statements contained in this release may constitute “forward-looking statements” that involve risks and uncertainties. These statements by their nature address matters that are uncertain to different degrees, such as statements regarding our possible future capital deployment, including share repurchase activity and dividends, if any. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Words such as “anticipates,” “believes,” “expects,” “estimates,” “intends,” “plans,” “projects,” and similar expressions, may identify such forward-looking statements. Any forward-looking statement in this presentation speaks only as of the date on which it is made. Although we believe that the forward-looking statements contained in this presentation are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results, cash flows, or results of operations and could cause actual results to differ materially from those in such forward-looking statements. Future dividends, if any, will be subject to factors noted in this release, and any share repurchases will be subject to similar factors as well as the price, availability and trading volumes of shares of the Company's common stock, which will affect the timing and size of any share repurchases. These factors may cause our actual future results to be materially different than those expressed in our forward-looking statements, and are more fully discussed in our most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC) and in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections included in our Information Statement dated March 8, 2024, furnished with the SEC, and as may be updated from time to time in our SEC filings and as posted on our website at www.gevernova.com/investors/fls. There may be other factors not presently known to GE Vernova or which we currently consider to be immaterial that could cause our actual results to differ materially from those projected in any forward-looking statement that we make. We do not undertake any obligation to update or revise our forward-looking statements except as required by applicable law or regulation.

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.

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© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Michael Lapides

GE Vernova | Vice President of Investor Relations

+1 617 674 7568

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Adam Tucker
GE Vernova | Director of Financial Communications
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Investor Relations

GE Vernova raises multi-year financial outlook, initiates dividend and authorizes buyback

16 min read
  • Now anticipates ~$45B of revenue and 14% adjusted EBITDA margin* by 2028

  • Plans to invest ~$4B in capex and ~$5B in R&D through 2028 to fuel growth and innovation

  • Expects to generate at least $14B of cumulative free cash flow* from 2025 to 2028

  • Board of Directors declared a $0.25 per share quarterly dividend, payable in the first quarter of 2025, and approved an initial $6B share repurchase authorization

Strong financial trajectory from robust demand and better execution

NEW YORK (December 10, 2024) – GE Vernova (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today hosts its 2024 Investor Update event to present its multi-year financial outlook and frame its capital allocation strategy.

“GE Vernova is well-positioned to lead as the investment supercycle for the energy transition gains momentum,” said GE Vernova CEO Scott Strazik. “Robust demand for our technologies and services, along with better execution through our lean culture, is driving improved financial results. We are driving growth and innovation with $9 billion in cumulative capex and R&D investments planned through 2028, including an approximately 20 percent increase in R&D spend expected in 2025. With growing revenue, margins, and free cash flow, we are building on our strong foundation and deploying a disciplined capital allocation strategy for shareholder value creation.”

“We are executing our financial strategy, and we now expect to generate at least $14 billion in cumulative free cash flow by 2028,” said GE Vernova CFO Ken Parks. “Our large and growing backlog, with healthy margins from services and better equipment pricing, is fueling our trajectory as we raise our 2025 guidance and outlook by 2028. We remain committed to maintaining an investment grade balance sheet as we make organic investments, pursue targeted M&A, and return at least one third of cash generation to shareholders through dividends and share repurchases.”

Financial Outlook
Today, GE Vernova reaffirms its 2024 revenue and free cash flow* guidance and narrows its 2024 adjusted EBITDA margin* guidance range. The company also raises its multi-year financial outlook, previously presented at its Investor Day in March 2024.

Financial Metric2024 Guidance2025 GuidanceOutlook by 2028
Revenue$34-$35B, trending towards the higher end$36-$37B, up from mid-single digits organic growth* (implied $35-$37B)High-single digits-a) organic revenue growth*, up from mid-single digits
Adjusted EBITDA margin*5.5%-6%, narrowed from 5%-7%High-single digits, up from the low end of high-single digits14%, up from 10%
Free cash flow*$1.3-$1.7B, trending towards the higher end$2.0-$2.5B, up from $1.2-$1.8B~100% conversion-b),up from 90-110%

(a - Compound annual growth rate through 2028; 2025 is the base year
(b - Represents the expected free cash flow* conversion by 2028

Multi-Year Segment Financial Outlook
GE Vernova also reaffirms its 2024 segment guidance and provides additional multi-year guidance.

Segment2024 Guidance2025 GuidanceOutlook by 2028
Power
  • Mid-single digit organic revenue* growth
  • Higher end of ~150-200 basis points of organic segment EBITDA margin* expansion
  • Mid-single digit organic revenue* growth
  • 13%-14% segment EBITDA margin
  • Segment EBITDA margin of 16%
Wind
  • Flat organic revenue*
  • Approaching profitability with nearly 50% segment EBITDA improvement
  • Organic revenue* down mid-single digits
  • Segment EBITDA loss of $200-$400M
  • Segment EBITDA margin of 10%
Electrification
  • High-teens organic revenue* growth
  • Higher end of high single-digit segment EBITDA margin
  • Mid-to-high teens organic revenue* growth
  • 11%-13% segment EBITDA margin
  • Segment EBITDA margin of 16%

Capital Allocation
GE Vernova’s strategic principles for capital allocation include incremental organic investments to drive profitable growth, returning at least one third of cash generation to shareholders, and targeted, bolt-on mergers and acquisitions along with select next-generation technology investments. The GE Vernova Board of Directors has declared a $0.25 per share quarterly dividend, payable on January 28, 2025 to shareholders of record as of December 20, 2024, and approved an initial $6B share repurchase authorization.

Event Webcast
GE Vernova CEO Scott Strazik and CFO Ken Parks will present live from New York City, beginning at 4:30 PM ET today. The event will also be webcast, and accompanying materials and a replay can be accessed on GE Vernova’s Investor Relations website here.

Non-GAAP Financial Measures
In this document, the Company sometimes uses information derived from consolidated financial data but not presented in its financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission (SEC) rules. These non-GAAP financial measures supplement the Company’s GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons the Company uses these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in this press release and GE Vernova's quarterly reports on Form 10-Q filed with the SEC and any updates or amendments it makes in future filings.

2024 Guidance and Outlook by 2028: Adjusted EBITDA margin*
We cannot provide a reconciliation of the differences between the non-GAAP financial measures expectations and the corresponding GAAP financial measures for adjusted EBITDA margin* in the 2024 guidance and outlook by 2028 without unreasonable effort due to the uncertainty of the costs and timing associated with potential restructuring actions and the impacts of depreciation and amortization.

2024 Guidance: Power segment organic EBITDA margin* expansion​
We cannot provide a reconciliation of the differences between the non-GAAP financial measures expectations and the corresponding GAAP financial measure for Power segment organic EBITDA margin* expansion in the 2024 guidance without unreasonable effort due to the uncertainty of foreign exchange rates.

2024 and 2025 Guidance: Free cash flow*​
We cannot provide a reconciliation of the differences between the non-GAAP financial measures expectations and the corresponding GAAP financial measure for free cash flow* in the 2024 and 2025 guidance without unreasonable effort due to the uncertainty of timing for capital expenditures.

2025-2028 Outlook: Cumulative Free cash flow*​
We cannot provide a reconciliation of the differences between the non-GAAP financial measures expectations and the corresponding GAAP financial measure for cumulative free cash flow* for 2025 through 2028 without unreasonable effort due to the uncertainty of timing for capital expenditures.

*Non-GAAP Financial Measure

Caution concerning forward-looking statements
Certain statements contained in this release and certain of our other public communications and SEC filings may constitute “forward-looking statements” that involve risks and uncertainties. Forward-looking statements are based on our current assumptions regarding future business and financial performance and condition. These statements by their nature address matters that are uncertain to different degrees, such as our expected future business and operating results and opportunities; our progress as an independent company; the demand for our products and services, the roles we expect them to play in the energy transition and our ability to meet those demands and execute those roles; our business strategy and the benefits we expect to realize; our expected operational and safety efficiencies and improvements, including from our lean operating model; our expectations regarding the energy transition; our actual and planned investments, including in breakthrough technologies and capital expenditures; our ability to increase production capacity, efficiencies, and quality; the ability of us and others to innovate breakthrough technologies that enable us to meet our sustainability goals and targets; the ability of us and others to deploy such technologies at scale; our expected cash generation; our capital allocation strategies, including our future capital deployment, including mergers and acquisitions, share repurchase activity and dividends, if any, and long-term shareholder value creation; and our commitment to maintaining an investment grade rated balance sheet. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Words such as “anticipates,” “believes,” “expects,” “estimates,” “intends,” “plans,” “projects,” and similar expressions, may identify such forward-looking statements. Any forward-looking statement in this release speaks only as of the date on which it is made. Although we believe that the forward-looking statements contained in this release are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results, cash flows, or results of operations and could cause actual results to differ materially from those in such forward-looking statements, including but not limited to:

  • Changes in macroeconomic and market conditions and market volatility, including risk of recession, inflation, supply chain constraints or disruptions, interest rates, the value of securities and other financial assets, oil, natural gas and other commodity prices and exchange rates, and the impact of such changes and volatility on the Company’s business operations, financial results and financial position;
  • Global economic trends, competition and geopolitical risks, including impacts from the ongoing geopolitical conflicts (such as the Russia-Ukraine conflict and conflict in the Middle East), demand or supply shocks from events such as a major terrorist attack, natural disasters, actual or threatened public health pandemics or other emergencies, or an escalation of sanctions, tariffs or other trade tensions, and related impacts on our supply chains and strategies;
  • Actual or perceived quality issues or product or safety failures related to our complex and specialized products, solutions, and services, the time required to address them, costs associated with related project delays, repairs or replacements, and the impact of any contractual claims for damages or other legal claims asserted in connection therewith, some of which may be for significant amounts, on our financial results, competitive position or reputation;
  • Market developments or customer actions that may affect our ability to achieve our anticipated operational cost savings and implement initiatives to control or reduce operating costs;
  • Significant disruptions in the Company’s supply chain, including the high cost or unavailability of raw materials, components, and products essential to our business, and significant disruptions to our manufacturing and production facilities and distribution networks;
  • Our ability to attract and retain highly qualified personnel;
  • Our ability to obtain, maintain, protect and effectively enforce our intellectual property rights;
  • Our capital allocation plans, including the timing and amount of any dividends, share repurchases, acquisitions, organic investments, and other priorities;
  • Downgrades of our credit ratings or ratings outlooks, or changes in rating application or methodology, and the related impact on the Company’s funding profile, costs, liquidity and competitive position;
  • Shifts in market and other dynamics related to electrification, decarbonization or sustainability;
  • The amount and timing of our cash flows and earnings, which may be impacted by macroeconomic, customer, supplier, competitive, contractual and other dynamics and conditions;
  • Actions by our joint venture arrangements, consortiums, and similar collaborations with third parties for certain projects that result in additional costs and obligations;
  • Any reductions or modifications to, or the elimination of, governmental incentives or policies that support renewable energy and energy transition innovation and technology;
  • Our ability to develop and introduce new technologies to meet market demand and evolving customer needs;
  • Our ability to obtain required permits, licenses and registrations;
  • Changes in law, regulation or policy that may affect our businesses, such as trade policy and tariffs, regulation and incentives related to sustainability, climate change, environmental, health and safety laws, and tax law changes;
  • Our ability and challenges to manage the transition as a newly stand-alone public company or achieve some or all of the benefits we expect to achieve from such transition;
  • The risk of an active trading market not being sustained for our securities or significant volatility in our stock price; and
  • The impact related to information technology, cybersecurity or data security breaches at GE Vernova or third parties.

These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements, and these and other factors are more fully discussed in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, and in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections included in our information statement dated March 8, 2024, which was attached as Exhibit 99.1 to a Current Report on Form 8-K furnished with the Securities and Exchange Commission (SEC) on March 8, 2024 as may be updated from time to time in our SEC filings and as posted on our website at www.gevernova.com/investors/fls. There may be other factors not presently known to GE Vernova or which we currently consider to be immaterial that could cause our actual results to differ materially from those projected in any forward-looking statement that we make. We do not undertake any obligation to update or revise our forward-looking statements except as required by applicable law or regulation. This press release also includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

Additional Information
GE Vernova’s website at www.gevernova.com/investors contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit this website from time to time, as information is updated, and new information is posted. Investors are also encouraged to visit GE Vernova’s LinkedIn and other social media accounts, which are platforms on which the Company posts information from time to time.

Additional Financial Information
Additional financial information can be found on the Company’s website at: www.gevernova.com/investors under Reports and Filings.

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.

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© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Michael Lapides

GE Vernova | Vice President of Investor Relations

+1 617 674 7568

Media inquiries
Adam Tucker
GE Vernova | Director of Financial Communications
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