GE Vernova

GE Vernova was created on April 2, 2024, when General Electric completed its decades-long strategic restructuring by spinning off its energy businesses as an independent publicly traded company on the New York Stock Exchange (NYSE: GEV). The company was not founded in the traditional entrepreneurial sense — it is the direct successor to over 130 years of GE's energy technology history, including the GE Power, GE Wind, GE Hydro, and GE Grid Solutions businesses. GE Vernova's technology base helps generate approximately one quarter of the world's electricity, operating in over 100 countries with roughly 85,000 employees.

The company's name was deliberately constructed: "GE" preserves the hard-earned badge of quality and engineering credibility built over a century; "Ver" and "verde" evoke Earth's living ecosystems; and "Nova" references a new, innovative era of lower-carbon energy. Its mission — "electrify to thrive and decarbonize" — positions GE Vernova as a company whose purpose is explicitly aligned with the energy transition rather than merely adapted to it.

GE Vernova's product portfolio spans the full electricity value chain: gas turbines (including the world's largest fleet, with 7,000 units installed globally), wind turbines (approximately 55,000 installed globally), hydroelectric equipment, grid infrastructure including HVDC transmission systems, and nuclear services and equipment. In the context of this tracker, GE Vernova is relevant as a major supplier to nuclear projects — its BWRX-300 small modular reactor design, developed through its nuclear business, is one of the most commercially advanced SMR designs globally, with deployment contracts in Canada (Ontario Power Generation's Darlington site), the United States, and Poland. GE Vernova's nuclear technology heritage includes supplying boiling water reactors to nearly one-third of the world's operating nuclear fleet. CEO Scott Strazik has led the company since before the spin-off, having previously managed GE's Gas Power and broader Power businesses.

Publicly traded (NYSE: GEV). Spun off from General Electric (GE) on April 2, 2024. GE Vernova LLC was incorporated February 28, 2023; converted to GE Vernova Inc. and listed on NYSE on April 2, 2024. No VC investors; funded through GE spin-off and public equity markets. Technology base (GE Power, GE Wind, GE Hydro) traces back to GE's 1892 founding.