GE Vernova to invest almost $600 M in its facilities
GE Vernova Inc. aims to invest nearly $600 million in factories and facilities in the USA over the next two years to meet electricity demand around the world.
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USA, Massachusetts: GE Vernova Inc. aims to invest nearly $600 million in factories and facilities in the USA over the next two years to meet electricity demand around the world. The investments, expected to create more than 1500 jobs, will help drive energy affordability, national security and competitiveness. They are the first part of a larger $9 billion cumulative global capex and R&D investment plan through 2028.
GE Vernova intends to invest $300 million in support of its Gas Power business and build-out of capacity incremental heavy duty gas turbines.
In Greenville, SC, the company intends to invest over $160 million to support capacity growth, quality, industrialization and delivery efforts, and new testing capability with hydrogen fuel.
In Schenectady, NY, it is planning to invest over $50 million to support capacity growth and sustainability, industrialization, and quality efforts.
GE Vernova aims to invest nearly $50 million combined in its Parsippany, NJ, and Bangor, ME, locations to support capacity growth and quality, industrialization, and delivery efforts.
The company intends to invest nearly $20 million to expand capacity at its Grid Solutions facilities in Charleroi, PA, which manufactures switchgear, and Clearwater, FL, which produces capacitors and instrument transformers.
Its nuclear business, GE Hitachi, plans to invest over $50 million to enhance safety, quality and productivity at its Wilmington, NC, factory and to launch its next generation nuclear fuel design, a critical component to the company’s small modular reactor, the BWRX-300. The investment also seeks to expand automation at the plant.
The company’s Wind segment aims to invest nearly $100 million in its manufacturing facilities in Pensacola, FL, Schenectady, NY, and Grand Forks, ND, and its remanufacturing facilities in Amarillo, TX.
GE Vernova intends to invest over $10 million in its Pittsburgh, PA, facility to expand capabilities across its Electrification segment, including funding to house a new domestic manufacturing line for the company’s FLEXINVERTER.
At its Advanced Research Center in Niskayuna, NY, it aims to invest almost $100 million in 2025 to strengthen the center’s electrification and carbon efforts, enable continued recruitment of talent, and push forward innovative technologies. It also aims to fund Generative Artificial Intelligence (AI) work in Niskayuna at $15 million in 2025.
Source: GE Vernova
