GE Renewable Energy

What GE Renewable Energy does

GE Renewable Energy was a business unit of General Electric focused on renewable energy solutions, including wind power (onshore and offshore), hydropower, solar, and storage. The entity was absorbed into GE Vernova on April 2, 2024, as part of GE's structural separation into three independent public companies (GE Aerospace, GE Vernova, GE HealthCare). GE Vernova, which now houses the former GE Renewable Energy operations along with gas power, nuclear, hydro, steam, grid solutions, and electrification software, trades on NYSE under ticker GEV and generates approximately $33 billion in annual revenue. The combined business helps generate roughly 30% of the world's electricity through an installed base of approximately 55,000 wind turbines and 7,000 gas turbines globally, with 58 manufacturing facilities in the U.S. alone.

The portfolio centers on core hardware products including the 3.6-154 onshore wind turbine (3.6 MW, 154-meter rotor), the Haliade-X offshore turbine (13-14 MW), the BWRX-300 small modular reactor (SMR), and hydrogen-capable gas turbines such as the LM2500XPRESS. These are layered with grid hardware (HVDC transmission, flexible power transformers), the GridOS software platform for utility grid orchestration, and advisory/financial services for project co-development and tax credit monetization (Production Tax Credits, Investment Tax Credits under the IRA). Manufacturing is concentrated at facilities such as Pensacola, FL (nacelles), Belen/Pueblo/Amarillo (towers), Greenville (gas turbines), Schenectady (generators), Wilmington (nuclear fuel), and Niskayuna (GE Research / CAGE Lab).

Revenue is generated through direct enterprise sales to utilities, independent power producers, government entities, and airframers, combined with recurring engine services (TrueChoice), long-term service agreements, and project financing. GTM is overwhelmingly enterprise field sales, supplemented by event-driven engagement at industry airshows and EPC summits. Customer concentration sits with large utilities and developers such as Pattern Energy, SaskPower, EnergyAustralia, CS Energy, Cooperate Energy, and Kindle Energy, alongside government buyers in the U.S., U.K., Canada, Poland, and India.

Name

GE Renewable Energy

Legal name

General Electric Company

Website

https://ge.com

Company type

Public

Founded year

1889

Operating status

Closed

Headcount range

5,001–10,000 employees

Short description

GE Vernova (formerly including GE Renewable Energy) manufactures wind turbines, gas turbines, nuclear reactors, grid hardware, and GridOS software for utilities, energy developers, and governments globally, generating approximately $33 billion in annual revenue.

Ownership category

akta.pro rank

Product category

Wind Turbine and Power Generation Equipment

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Wind Electric Power Generation (221115), Hydroelectric Power Generation (221111), Electric Power Generation (22111)

SIC

Engines & Turbines (3510), Motors & Generators (3621), Power, Distribution & Specialty Transformers (3612)

akta.pro primary industry

Wind Turbine OEMs & System Integration (Nacelle/Generator/Controls) (EUAMACAC)

akta.pro secondary industries

Onshore Wind Power Generation (Utility-Scale) (EUACAFAA), Offshore Wind Power Generation (Fixed-Bottom) (EUACAFAB), Wind Grid Interconnection & Power Systems (Transformers, Reactive Power, SCADA) (EUAMACAK), Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF), Turbines, Generators & Hydromechanical Equipment Manufacturing (OEMs) (EUACAEAH)

Keywords

• Wind turbine manufacturing
• Renewable energy equipment
• Power generation solutions
• Hydroelectric systems
• Grid electrification technology

Headquarters

HQ city

Boulogne-billancourt

HQ country

France

HQ region

Europe

Offices17 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Aerospace Products and Services: GE Aerospace generates revenue from jet engines, components, and systems for commercial and military aircraft, supported by a global service network. ~$32B annual revenue.
2. Energy Products and Services (Power, Wind, Grid): GE Vernova generates revenue from gas turbines (~7,000 units), wind turbines (~55,000 units), hydro power, nuclear, grid solutions, electrification software, and energy financial services. ~$33B annual revenue.
3. Healthcare Technology and Diagnostics: GE HealthCare generates revenue from medical technology, pharmaceutical diagnostics, digital solutions, and imaging equipment. ~$19B annual revenue.
4. Engine Services (TrueChoice): Multi-year TrueChoice engine services agreements providing maintenance, repair, and overhaul services for commercial and military engines. Covers Air India's fleet including GE90, GEnx, and GE9X engines.
5. Project Financing and Tax Credit Monetization: GE Vernova's Financial Services assists energy project developers in reaching financial close, including financing the monetization of future tax credits (e.g., Production Tax Credits and Investment Tax Credits under the Inflation Reduction Act).
6. Consulting Services: GE Vernova's Consulting Services provides specialized modeling, engineering analysis, and technical consulting to energy project developers, including wind farm optimization and grid integration services.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

GE Renewable Energy designed, manufactured, and serviced utility-scale wind turbines and complementary renewable power equipment for global utilities and energy developers. Its flagship products included the Haliade-X offshore turbine (13-14 MW) and the 3.6-154 onshore turbine, supported by grid solutions, hydropower, and consulting/financing services. The business was absorbed into GE Vernova in April 2024 and now operates as the wind and renewables arm within that independent public company.

Product overview

GE Vernova (formerly GE Renewable Energy, spun off as independent company in April 2024) operates as a portfolio of energy businesses focused on electrification and decarbonization. The product architecture combines core power generation hardware products with digital software modules and advisory services. Core hardware includes wind turbines (3.6-154 onshore, Haliade-X offshore), gas and steam turbines, nuclear reactors (including BWRX-300 SMR), hydro power, and solar/storage solutions. These are supported by Grid Solutions and Power Conversion hardware for grid infrastructure. Software additions include GridOS for utility orchestration and Electrification Software for digital optimization. Advisory services (Consulting Services, Financial Services, Advanced Research) provide project execution support, financing capabilities, and R&D including carbon capture technology. LM Wind Power supplies turbine blades as a manufacturing component brand.

Differentiator

Problem solved

Functional benefit

Brands

• Hydro Power: Hydropower generation solutions
• Nuclear
• Offshore Wind
• Onshore Wind
• Grid Solutions
• Electrification Software
• Power Conversion
• LM Wind Power
• Financial Services
• Advanced Research

Products and services

• 3.6-154 Onshore Wind Turbine 3.6 MW onshore wind turbine with a 154-meter (505 feet) rotor diameter, designed as a logistically friendly 'workhorse' for rapid large-scale utility deployments. Equipped with customized software enabling 50-millisecond response to power surges for equipment protection. Nacelles and hubs manufactured in Pensacola, FL; towers in Belen, NM.
• Haliade-X Offshore Wind Turbine 13-14 MW offshore wind turbine, one of the world's most powerful offshore wind turbines, used in the first commercial-scale offshore wind farm in the U.S. (Martha's Vineyard, 800 MW facility) and the Dogger Bank Wind Farm in England.
• Gas Power Turbines Utility-scale gas turbine power generation solutions, including turbines capable of operating on hydrogen fuel blends up to 100%. Fleet powers plants such as Brigalow Peaking Power Plant and Tallawarra B.
• Hydro Power Hydropower generation solutions for utility-scale renewable electricity production.
• Nuclear Power (incl. BWRX-300 SMR) Nuclear power generation solutions including fuel (Global Nuclear Fuel), reactor technologies, and the BWRX-300 small modular reactor producing carbon-free electricity with a smaller standardized footprint.
• Steam Power Steam turbine power generation solutions for electricity production.
• Grid Solutions Electrical grid infrastructure hardware and software for power transmission and distribution, including the world's first flexible power transformer (pilot at Cooperate Energy).
• Power Conversion and Storage Power conversion technology and energy storage solutions for efficient electricity management.
• Solar & Storage Solutions Solar photovoltaic and energy storage solutions for renewable power generation.
• LM Wind Power (Turbine Blades) Wind turbine blade manufacturing business producing blades for onshore and offshore wind turbines.
• GridOS Software Portfolio Software portfolio designed to help electric utilities orchestrate the fast-changing electrical grid, managing demand-supply balance, renewable integration, microgrids, and distributed generation.
• Electrification Software Software solutions for power grid management, digital twins, and energy infrastructure optimization.
• Consulting Services Expert consulting services for energy project planning, modeling, and execution optimization, including wind farm optimization and grid integration services.
• Financial Services Energy-focused financial services including project financing and monetization of tax credits (Production Tax Credits and Investment Tax Credits under the Inflation Reduction Act) for renewable energy project developers.

Quantifiable outcome

• 3.6-154 turbine responds to power surges within 50 milliseconds for equipment protection
• +7 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature9 records

Partnerships

Eleven partnerships are on record, tiered strategic, regional, core and major.

• Technip EnergiesstrategicStrategic or Co-development Partner · 15 March 2024Technip Energies and GE Vernova advancing the UK's transition to net-zero with one of the world's first commercial-scale gas-fired power plants integrated with carbon capture technology (Net-Zero Teesside project).
• SaskPowerregionalStrategic or Co-development Partner · 30 January 2024SaskPower and GE Hitachi signed an agreement to advance small modular reactor (SMR) development in Saskatchewan, Canada. GE Hitachi (GEH), GE Vernova's Nuclear business, is pursuing SMR deployment by the end of the decade.
• IHI CorporationstrategicStrategic or Co-development Partner · 24 January 2024GE Vernova and Japan's IHI announced the next phase of their technology roadmap to develop a 100% ammonia-capable gas turbine combustion system by 2030 under a Joint Development Agreement (JDA). Aims to develop a new gas turbine combustor compatible with GE Vernova's 6F.03 gas turbine.
• Hindustan Aeronautics Limited (HAL)strategicStrategic or Co-development Partner · 1 June 2023GE Aerospace signed MOU with HAL to co-produce F414 engines in India to power the Tejas Light Combat Aircraft Mk2 for the Indian Air Force. F414 engines would be co-produced in India.
• TEI (TUSAŞ Motor Sanayii)regionalChannel Partner/ Reseller/ Distributor · 1 April 2023GE Marine and TEI (TUSAŞ Motor Sanayii) in Eskişehir, Turkey signed a license agreement for maintenance, repair, and overhaul of GE LM2500 marine gas turbines.
• Hitachi EnergycoreTechnology or Integration · 1 January 2023Hitachi Energy is handling the HVDC (high-voltage direct current) transmission component for the SunZia wind project. GE Vernova provides the wind turbines while Hitachi Energy handles the HVDC cable infrastructure to transmit power from New Mexico to Phoenix.
• TerraPowermajorStrategic or Co-development Partner · 1 October 2022GE-led joint venture Global Nuclear Fuel-Americas (GNF-A) and TerraPower announced a partnership in October 2022 to build the Natrium Fuel Facility near Wilmington, North Carolina. Investment exceeding $200 million. TerraPower, founded by Bill Gates, is advancing advanced nuclear reactor technology.
• Prolec GEstrategicStrategic or Co-development Partner · 1 October 2022GE and Prolec GE (50-50 joint venture between GE and Xignux) successfully piloted the world's first flexible power transformer at Cooperate Energy in Columbia, Mississippi. Funded by U.S. DOE Office of Electricity.
• NASAmajorStrategic or Co-development PartnerGE Aerospace partnered with NASA for hybrid electric aircraft engine testing at high-altitude conditions. NASA facility used for testing high-power, high-voltage hybrid electric engine components. Also Electrified Powertrain Flight Demonstration (EPFD) project.
• BoeingmajorStrategic or Co-development PartnerBoeing, NASA, and GE Aerospace teamed up for the Electrified Powertrain Flight Demonstration (EPFD) project to tackle hybrid electric commercial flight. GE Aerospace also supplies multiple Boeing 777X systems including the Common Core System (CCS), Enhanced Airborne Flight Recorder (EAFR), and Electrical Load Management System (ELMS).
• EnergyAustraliaregionalStrategic or Co-development PartnerGE Vernova's Gas Power business and EnergyAustralia opened Australia's first dual-fuel gas and green hydrogen-capable power plant (Tallawarra B) in New South Wales.

Scale indicators16 records

Recent moves8 records

Expansion highlights6 records

Regional players

• Doosan Enerbility: Korean heavy industrial firm with wind turbine OEM operations, primarily serving Asia-Pacific markets. Comparable as an offshore/onshore wind competitor in a regional context.

Direct peers

• Siemens Energy: Integrated energy OEM combining Siemens Gamesa (wind) with Siemens' gas, grid, and industrial solutions. Directly comparable to GE Vernova's full-stack power and wind portfolio.
• Vestas: World's largest wind turbine OEM, directly competing with GE Vernova across onshore and offshore wind segments. Closest pure-play comparable for GE Renewable Energy's wind turbine business.
• Goldwind: One of the world's largest wind turbine manufacturers by capacity, with strong presence in Asia, Latin America, and growing U.S. footprint. Direct onshore/offshore competitor.
• Nordex: European-headquartered wind turbine OEM focused on onshore projects. Direct competitor to GE Vernova's 3.6-154 and other onshore platforms in EMEA and Americas.
• Ming Yang Smart Energy: Leading Chinese offshore wind turbine OEM rapidly expanding in global markets. Direct competitor in offshore wind tenders where Haliade-X competes.

Broad incumbents

• Hitachi Energy: Grid solutions provider (HVDC, transformers, substations) and partner on the SunZia HVDC cable. Comparable to GE Vernova's Grid Solutions and Prolec GE transformer businesses.
• ABB: Industrial and electrification conglomerate with significant presence in power generation equipment and grid solutions. Comparable to GE Vernova's broader power and grid portfolio.
• Schneider Electric: Global energy management and grid automation player with GridOS-like software offerings. Comparable to GE Vernova's electrification software and grid orchestration portfolio.

Emerging players

• TerraPower: Bill Gates-founded advanced nuclear developer with an active partnership with GE Hitachi (Natrium Fuel Facility in Wilmington, NC). Comparable as a nuclear SMR/advanced reactor peer leveraging GE's fuel technology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/GErenewables
• YouTubeyoutube.com/@GEAerospace
• LinkedInlinkedin.com/company/geaerospace
• Instagraminstagram.com/ge_aerospace
• Facebookfacebook.com/gerenewableenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GE Renewable Energy