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.
Bloom Energy (BE) secured an agreement with NTT DATA to deploy 900 megawatts of onsite power across multiple data center projects globally. Initial shipments start in 2027. Oracle also intends to procure up to 2.8 gigawatts of Bloom systems under an expanded partnership.
GE Vernova (GEV) reported third-quarter orders of $29.3 billion and raised its 2026 revenue and free cash flow guidance. Constellation Energy (CEG) raised the midpoint and narrowed its full-year adjusted operating earnings outlook to $12.50–$12.80 per share; power agreements support planned nuclear capacity additions. Talen Energy (TLN) introduced 2027 guidance and announced a $1.5 billion accelerated share repurchase program. Quanta Services (PWR) reported third-quarter revenue of $12.01 billion versus $7.63 billion a year earlier and raised its 2026 financial expectations across all metrics.
GE Vernova (NYSE: GEV) signed an agreement to supply three onshore wind turbines for Stadtwerke Heidenheim’s Schlotberg-Jüchsen wind farm in Germany.
The order covers 5.5 MW turbines with 158-meter rotors and includes a 20-year service agreement. Manufacturing will take place at GE Vernova’s Salzbergen factory. Delivery is scheduled to begin in August 2027, with commissioning scheduled for December 2027. This is the companies’ sixth project together using GE Vernova turbines and will bring Stadtwerke Heidenheim’s fleet of those turbines to 74 MW of installed capacity in Germany. The order was booked in the fourth quarter of 2026.
GE Vernova (GEV) signed an agreement to acquire high-voltage grid equipment supplier Trench Group from Triton Partners for $9.0 billion USD equivalent. The purchase price is payable at closing, with funding currently expected to be split equally between cash and debt. Closing is expected in late 2027, subject to regulatory approvals and consultation with employee representatives where legally required.
GE Vernova expects the acquisition to expand its Electrification manufacturing capacity by integrating an existing supplier. Trench expects $1.9 billion in 2028 revenue at approximately 36% adjusted EBITDA margin, a non-GAAP measure of operating profitability. The price represents 13x expected 2028 adjusted EBITDA before synergies. Trench has approximately $5 billion in backlog and framework agreements. Manufacturing of 765kv equipment at its newly opened Charlotte facility is expected to begin in late 2027.
GE Vernova (NYSE: GEV) has declared a quarterly dividend of $0.50 per share for the fourth quarter of 2026. The dividend is payable on November 24, 2026, to shareholders of record as of October 27, 2026. Future declarations remain at the Board of Directors’ discretion, based on earnings, financial condition, cash requirements, prospects and other factors.
GE Vernova (GEV) and partners Studsvik, Samsung C&T and DS Investment Partners agreed to advance a four-unit BWRX-300 small modular reactor project in Sweden totalling about 1.2 GW of new nuclear capacity.
The project will be developed at either Studsvik’s existing licensed nuclear site in Nyköping or the greenfield Målma site in Valdemarsvik, with the first unit expected to enter operation in the mid-2030s. The agreement is exclusive for a fixed period and covers joint commercial, technical, regulatory and financing work, but is not yet a final investment decision or construction authorisation.
Studsvik will lead permitting, environmental assessment, site rights and state dialogue, while GE Vernova Hitachi and Samsung C&T will provide reactor design, licensing support and EPC execution. A joint project company is planned to own and operate the plants. The announcement is not expected to have a material earnings impact on Studsvik for 2026.
SHINE announced a collaboration with GE Vernova (NYSE:GEV) under a U.S. ARPA-E funded project to modernize nuclear material accountability in spent fuel recycling. As a GE Vernova subcontractor, SHINE is developing improved sensor deployment and AI-based tracking within the MAYER system to create real-time measurements feeding a digital twin of recycling facilities.
The effort seeks to reduce operating costs, downtime and physical security burdens, supporting SHINE’s REDUCE recycling process and its goal of a commercial facility potentially qualifying in a lower-security NRC category.
Joulent, a technology-driven energy company, announced a $1.75 billion strategic minority investment from National Grid Ventures to accelerate its multi-gigawatt U.S. power infrastructure platform focused on AI and advanced industry.
The deal supports project execution, including a 50% stake in Project Kilby, a 2.67 GW plant serving a Microsoft-operated data center under a 20-year PPA.
Chevron (NYSE: CVX) and Microsoft (NASDAQ: MSFT) signed a 20-year power purchase agreement for a West Texas data center, supported by the 2.67 GW Project Kilby. Most capacity will use GE Vernova turbines, with additional generation from Solar Turbines, a wholly owned subsidiary of Caterpillar (NYSE: CAT).
Kilby targets mid-teen returns, first power in 2028, diversified cash flow less tied to oil and gas prices, and is expected to support nearly 2,000 jobs and over $10 billion in projected state and local tax revenue.
GE Vernova (NYSE: GEV) declared a $0.50 per share quarterly dividend for the third quarter of 2026. The dividend is payable on July 14, 2026 to shareholders of record on June 16, 2026.
Future dividends will depend on earnings, financial condition, cash needs, prospects, and other factors. Investors can access financial reports and updates on GE Vernova’s investor website and social media channels.
Blue Energy and GE Vernova (NYSE: GEV) announced a 2.5 GW gas-plus-nuclear collaboration to advance a planned Texas project using GVH's BWRX-300 SMR and GE 7HA.02 gas turbines. Key milestones: slot reservation for two 7HA.02 turbines for 2029, FID targeted in 2027, early site works in 2026, ~1 GW gas energization by 2030 and ramp to ~1.5 GW nuclear by 2032. The partners aim to use offsite prefabrication and a gas-to-nuclear bridge enabled by NRC resequencing to shorten deployment to about 48 months to power.