Welcome to our dedicated page for GE VERNOVA news (Ticker: GEV), a resource for investors and traders seeking the latest updates and insights on GE VERNOVA stock.
GE Vernova Inc. reports developments across a global electric power business organized around Power, Wind, and Electrification. Its updates cover gas turbines, nuclear reactor technology, hydroelectric and steam technologies, onshore and offshore wind equipment, grid solutions, power conversion, electrification software, and solar and storage systems used to generate, transmit, convert, and store electricity.
Recurring news includes customer alliances and equipment reservation agreements for gas, wind, and grid projects; dividend declarations and share repurchase authorizations; senior note offerings and other capital-structure actions; and completed portfolio changes such as the consolidation of Prolec GE within the Electrification segment. Prolec GE adds transformers, transformer components, and transformer services for electricity generation, transmission, and distribution markets.
GE Vernova (NYSE: GEV) set a new GUINNESS WORLD RECORDS title for the largest online toy drive in 24 hours on Dec. 2, collecting 23,385 toys to be distributed in the U.S. by Toys for Tots.
The GE Vernova Foundation is matching donations to Save the Children and, with partner contributions from Hasbro and Mattel, the initiative will distribute over 70,000 STEM toys worldwide. GE Vernova also opened an "Innovators Toy Land" STEM pop-up at Rockefeller Center featuring hands-on exhibits and school field trips.
GE Vernova (NYSE: GEV) is hosting Innovators Toy Land at Rockefeller Center on December 8, 2025 and launched a global Innovators Toy Drive on Global Giving Tuesday in partnership with Toys for Tots and Save the Children.
The free, public pop-up (9:00AM–4:30PM; private event 10:30AM–1:00PM) features hands-on STEM exhibits from brands including Lite-Brite, Rubik's Cube, Snap Circuits and Slinky to demonstrate power, circuits, carbon capture, AI inspection, motion and pattern-solving. Local STEM schools will attend special field trips. The drive will collect STEM-inspired toys for global distribution to support early curiosity and STEM access.
GE Vernova (NYSE: GEV) signed its first onshore wind repower upgrade contract outside the United States with Taiwan Power Company, supplying 25 repower upgrade kits for GE Vernova 1.5 MW‑70.5m turbines plus a five‑year O&M services agreement. The order was booked in Q3 2025, initial components are scheduled for delivery in Q4 2025, and retrofit installations will occur throughout 2026–2027.
This milestone leverages GE Vernova’s U.S. repowering experience (over 6,000 turbines repowered) and its global installed base (~57,000 turbines, ~120 GW) to support Taiwan’s decarbonization and energy‑security goals.
GE Vernova (NYSE: GEV) will acquire the remaining 50% stake in Prolec GE from Xignux for $5.275 billion, funding the purchase roughly equally with $~2.64B cash and $~2.64B debt. The deal is expected to close by mid-2026 subject to regulatory approvals. Prolec GE forecasts $3.0B revenue and ~25% adjusted EBITDA margin in 2025; standalone projections show EBITDA rising to $0.9B in 2026 and $1.1B in 2028. GE Vernova says the acquisition is immediately accretive before synergies and expands Electrification segment exposure in North America.
GE Vernova (NYSE: GEV) has announced a quarterly dividend of $0.25 per share, payable on November 17, 2025, to shareholders of record as of October 20, 2025.
The Board of Directors will make future dividend declarations based on various factors including earnings, financial condition, cash requirements, and prospects. The company maintains comprehensive financial information and updates on its investor relations website.
GE Vernova (NYSE: GEV) has announced a significant expansion of its Pennsylvania operations, planning to add 250 new jobs at its Charleroi factory over the next two years. The company will invest up to $100 million in Pennsylvania, creating approximately 700 new jobs across multiple factories to manufacture high voltage switchgear products for electrical grids.
This expansion is part of GE Vernova's larger initiative announced since January, which now totals 1,750 planned new U.S. jobs and $680 million in U.S. investments. Additionally, the company has secured an order for seven 7HA.02 natural gas turbines for the Homer City Energy Campus, which will power a 3,200-acre data center campus designed for AI and high-performance computing needs, with completion expected in 2027.
GE Vernova (NYSE: GEV) has announced a quarterly dividend declaration of $0.25 per share. The dividend will be paid on August 18, 2025, to shareholders of record as of July 21, 2025.
The company's Board of Directors will determine future dividend declarations based on various factors including earnings, financial condition, cash requirements, and prospects. Investors can access additional financial information through GE Vernova's website and social media platforms.
Duke Energy (NYSE: DUK) and GE Vernova (NYSE: GEV) have announced a major partnership for the procurement of up to 11 7HA natural gas turbines and associated equipment. This arrangement, announced on April 24, 2025, aims to address growing energy demands from advanced manufacturing, data centers, and population growth.
The partnership builds upon Duke Energy's existing procurement of eight 7HA gas turbines and aligns with the company's integrated resource plans. GE Vernova will manufacture these turbines at their expanded Greenville, S.C. facility, part of a $600 million investment in U.S. manufacturing, including nearly $300 million in its Gas Power business.
The expansion will create over 1,500 new jobs and implement lean manufacturing lines. Duke Energy plans to install these assets at existing facilities, leveraging current infrastructure and transmission capabilities to reduce costs and accelerate deployment timeframes.
GE Vernova (NYSE: GEV) has announced its quarterly dividend declaration for the second quarter of 2025. The Board of Directors has set the dividend at $0.25 per share, which will be paid on May 16, 2025, to shareholders of record as of April 18, 2025.
The company noted that future dividend declarations will be subject to Board discretion and will depend on various factors including earnings, financial condition, cash requirements, and prospects.
Homer City Redevelopment (HCR) and Kiewit Power Constructors have announced plans to transform Pennsylvania's former largest coal-burning power plant into a 3,200-acre natural gas-powered data center campus. The project will feature seven GE Vernova (NYSE: GEV) hydrogen-enabled gas turbines, with first deliveries expected in 2026.
The facility will generate up to 4.5 GW of power to support AI and high-performance computing needs, reducing greenhouse gas emissions by 60-65% per megawatt hour compared to the former coal plant. The project represents the largest capital investment in Pennsylvania's history, with an initial investment exceeding $10 billion.
Key benefits include creating over 10,000 construction jobs and approximately 1,000 permanent positions. Construction is expected to begin this year, with power production starting by 2027. The project will utilize existing infrastructure including transmission lines connected to PJM and NYISO power grids.