GE Vernova
About
GE Vernova is a global energy company focused on electrifying the world while reducing carbon emissions, with its headquarters in Cambridge. It formed from General Electric’s power, wind and electrification businesses and became an independent public company in 2024. Its portfolio spans gas power, nuclear, wind, grid and electrification technologies used by utilities and industry, aimed at making electricity more reliable, affordable and sustainable.
The company employs roughly 85,000 people in about 100 countries. Its engineers work on projects such as the BWRX-300, a small modular nuclear reactor developed by GE Vernova Hitachi Nuclear Energy, and use AI and digital twins to predict structural failures before they occur. Other work includes custom engineering to help stabilize Brazil’s power grid and support renewable energy there. The company’s stated goal is cutting the carbon produced per kilowatt-hour of electricity.
What to Know
- The first BWRX-300 deployment is expected to power about 300,000 homes when it comes online in 2030.
- GE Vernova trades on the New York Stock Exchange under the ticker GEV.
- It is a member of the Greater Boston Chamber of Commerce and the Kendall Square Association.
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