GE Vernova announced that its spin-off from GE is complete and it will begin trading as an independent company, under the ticker symbol ‘GEV’. “GE Vernova has become an independent company singularly focused on accelerating the energy transition to create a more sustainable future,” said Scott Strazik, CEO, GE Vernova.
Strazik added, “Our power, wind, and electrification segments provide essential products and services to the electric power industry as we work to meet the growing power demands of economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is purpose-built to electrify and decarbonize the world, and I’m incredibly proud of what our team has accomplished with this milestone and excited to continue this journey alongside our customers and shareholders”.
Many of the world’s leading utilities, developers, governments, and large industrial electricity users rely on the brands installed base to generate, transfer, orchestrate, convert, and store electricity reliably and efficiently. As per the press release, with an installed base of over 7,000 gas turbines, the world’s largest, approximately 55,000 wind turbines, and leading-edge electrification technology, GE Vernova helps generate approximately thirty percent of the world’s electricity.
