GE

What GE does

GE Vernova is the energy-focused publicly traded spin-off of General Electric, headquartered in Boston and operating across approximately 100 countries with ~85,000 employees following the conglomerate's April 2024 separation. Its core products span the full power generation stack: gas turbines (including HA-class and hydrogen-capable configurations), steam turbines, hydroelectric generators, nuclear reactor equipment, and onshore and offshore wind turbines (manufactured at facilities such as Salzbergen, Germany, with blades from subsidiary LM Wind Power). Complementing the hardware, GE Vernova provides grid solutions, power conversion and storage (via Prolec GE), and electrification software including the AI-driven GridBot tool, with a stated mission to electrify and decarbonize the global power system.

GE Aerospace, the other principal GE entity formed in the 2024 spin-off, supplies commercial and defense aircraft engines — the GE9X, GEnx, LEAP-1A, and T408/F414 families — to aircraft OEMs and airlines (notably as the exclusive engine supplier for the Boeing 787 Dreamliner), defense ministries, and government programs. Both businesses monetize through a mix of capital equipment sales, multi-year Long-Term Service Agreements, MRO services, and software subscriptions, with GE Aerospace holding an order backlog exceeding $190 billion as of Q1 2026.

The business model is enterprise field-sales driven, with direct sales to utilities, independent power producers, aircraft OEMs, airlines, and defense ministries, supported by regional sales structures and a global service network. Major customers include American Airlines, United Airlines, Delta, the U.S. Marine Corps, NASA, YTL PowerSeraya, Pattern Energy, and Hindustan Aeronautics Limited. GE is currently in a portfolio-rationalization phase, having divested its Durgapur thermal boiler facility to JSW Energy in late 2025, while pursuing growth in hydrogen-capable generation, India defense propulsion, and AI-integrated grid and data center power infrastructure.

Name

GE

Legal name

GE Vernova and/or its affiliates

Website

https://gepower.com

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

GE Vernova and GE Aerospace are publicly traded spin-offs of General Electric (separated April 2024) providing power generation, wind turbines, grid solutions, and commercial/defense aircraft engines. They serve utilities, IPPs, airlines, and defense ministries globally, supported by a $190B+ backlog.

Ownership category

akta.pro rank

Product category

Power Generation and Aerospace Propulsion Equipment

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Aerospace Product and Parts Manufacturing (33641), Wind Electric Power Generation (221115), Hydroelectric Power Generation (221111)

SIC

Engines & Turbines (3510), Aircraft Engines & Engine Parts (3724), Aircraft & Parts (3720), Motors & Generators (3621)

akta.pro primary industry

Gas Turbines (Industrial & Utility-Scale) (IMAHAFAA)

akta.pro secondary industries

Wind Turbine OEMs & System Integration (Nacelle/Generator/Controls) (EUAMACAC), Turbofan Engines (IMABADAA), Engine Control, Fuel & Ignition Systems (FADEC/Accessories) (IMABADAK), Engine Modules & Hot-Section Components (Compressors/Turbines/Combustors) (IMABADAJ)

Keywords

• Power generation equipment
• Wind turbine manufacturing
• Commercial aircraft engines
• Grid infrastructure solutions
• Energy transition technology

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Aerospace Systems (Commercial & Defense Engines): GE Aerospace generates revenue from the sale of commercial aircraft engines (GE9X, GEnx, LEAP-1A) and defense engines (T408 for CH-53K, F414 family) to OEMs and airlines, supported by a large order backlog of over $190 billion. Revenue includes both original equipment sales and spare parts.
2. Long-Term Service Agreements (LTSA): GE Aerospace and GE Vernova generate recurring revenue from long-term engine and equipment service agreements covering maintenance, repairs, and parts replacement over multi-year contract terms, providing predictable recurring revenue and deep customer lock-in.
3. Gas Power Equipment & Services: GE Vernova's Gas Power business sells turbines, generators, and HRSG systems to power producers, with associated installation and commissioning services. The company is transitioning toward hydrogen-capable configurations.
4. Wind Power Equipment: GE Vernova's Wind Power business sells onshore and offshore wind turbines globally, with manufacturing facilities including Salzbergen, Germany, and LM Wind Power blades.
5. Grid Solutions & Electrification Software: GE Vernova generates revenue from grid infrastructure products including substations, smart meters, power conversion systems, and software subscriptions for grid optimization and digital twin applications.
6. Hydro, Nuclear & Steam Power: GE Vernova's portfolio includes hydroelectric turbines, nuclear reactor equipment, and steam turbines for thermal power plants, sold as capital equipment with associated service contracts.
7. Gas Turbine MRO Services: The global Gas Turbine MRO market is projected to reach $14.59 billion by 2029, driven by aging turbine fleets and the shift toward predictive maintenance enabled by digital twin and remote diagnostics technologies, a market in which GE is a key participant.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels7 records

Core offering

GE Vernova designs, manufactures, and services power generation equipment (gas, hydro, nuclear, and steam turbines) and wind turbines (onshore and offshore, including LM Wind Power blades), complemented by grid solutions, power conversion and storage, and electrification software. GE Aerospace designs, manufactures, and services large commercial and military aircraft engines (GE9X, GEnx, LEAP-1A, F414, T408) backed by multi-year long-term service agreements. Together, the company serves utilities, independent power producers, aircraft OEMs, airlines, and national defense ministries across approximately 100 countries.

Product overview

GE Vernova is a unified platform-plus-modules architecture offering a comprehensive portfolio of energy generation technologies and electrification solutions. The core offerings span fossil power generation (Gas Power, Steam Power), renewable energy (Onshore Wind, Offshore Wind, Hydro Power, Nuclear Power), and infrastructure components (Wind Turbine Blades via LM Wind Power). The digital layer includes Electrification Software and Grid Solutions for grid management and power distribution, supplemented by Power Conversion & Storage and Prolec GE products. Supporting services encompass Advanced Research, Consulting Services, and Financial Services. The company operates across approximately 100 countries with 85,000 employees, serving utilities, independent power producers, and industrial customers.

Differentiator

Problem solved

Functional benefit

Brands

• LM Wind Power: Wind turbine blades manufacturing subsidiary
• Prolec GE

Products and services

• Gas Power (Gas Turbines and HRSG)
• Hydro Power
• Nuclear Power
• Steam Power
• Offshore Wind Turbines
• Onshore Wind Turbines
• LM Wind Power Blades
• Electrification Software (GridOS / GridBot)
• Grid Solutions
• Power Conversion & Storage
• Prolec GE Power Solutions
• GE9X Commercial Jet Engine
• LEAP-1A Commercial Engine
• T408 Military Engine (CH-53K)
• F414 Military Engine Family
• GE Vernova Advanced Research
• GE Vernova Consulting Services
• GE Vernova Financial Services

Quantifiable outcome

• Q1 2026: Revenue up 29% year-over-year, operating profit $2.5 billion, EPS $1.86, free cash flow $1.7 billion
• +5 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• AerCap Holdings N.V.minorChannel Partner/ Reseller/ Distributor · 23 June 2026AerCap delivered the first new GE-powered Boeing 787-9 aircraft to Thai Airways International at Boeing's Delivery Center in Everett, Seattle. AerCap, as a major aircraft leasing company, places GE-powered Boeing aircraft with airline customers globally, supporting fleet renewal programs.
• American Airlines and Delta Air LinescoreOEM/ Whitelabel/ Licensing Partner · 21 April 2026American Airlines committed to 300+ LEAP-1A engines and Delta Air Lines committed to 60 GE9X engines, as part of GE Aerospace's Q1 2026 commercial engine wins totaling over $1 billion.
• NTPC-GE (NGSL Joint Venture)coreStrategic or Co-development Partner · 14 April 2026NGSL (NTPC GE Steam Microsystems Private Limited) is a joint venture between NTPC and GE responsible for operations and maintenance of thermal power plants in India. NGSL handled operations at Vedanta's Athena power plant in Chhattisgarh where a boiler explosion killed 25 workers in April 2026. Both Vedanta and NGSL were found to have failed to adhere to proper maintenance and operational standards.
• Indian Ministry of Defence (for AMCA Programme)coreStrategic or Co-development Partner · 13 April 2026GE Aerospace has proposed a new 110-130 kN thrust engine derived from its F414 architecture for India's Advanced Medium Combat Aircraft (AMCA) Mk2, competing against Safran and Rolls-Royce (both offering 100% IPR and technology transfer). The Indian MoD is evaluating all three bids within a joint venture framework. India is simultaneously evaluating participation in European FCAS and UK-Italy-Japan GCAP programs for sixth-generation fighters.
• Tata Consultancy Services (TCS)minorStrategic or Co-development Partner · 10 April 2026TCS partnered with GE and other industrial companies (Honeywell, ABB, Siemens) for data center infrastructure development, as part of TCS's broader AI and data center expansion strategy including the HyperVault subsidiary and partnerships with TPG for up to $2 billion in investment to build 1-GW capacity.
• Hindustan Aeronautics Limited (HAL)coreOEM/ Whitelabel/ Licensing Partner · 2 April 2026HAL is the Indian aerospace manufacturer producing Tejas Mk1A fighter aircraft powered by GE F404-IN20 engines. GE missed the March 2026 delivery deadline for five additional engines, triggering delays in the Tejas Mk1A programme. HAL has initiated liquidated damages proceedings against GE over engine supply delays affecting Tejas Mk-1A deliveries. GE has committed to delivering 24 engines in FY2026-27 and scaling to 30 annually thereafter.
• NASAminorStrategic or Co-development Partner · 19 March 2026NASA's X-59 quiet supersonic jet, built by Lockheed Martin's Skunk Works, is powered by a GE F414 engine. The Quesst mission aims to replace the traditional sonic boom with a softer 'thump' to enable future overland supersonic flight rules.
• GE Healthcare (GEHC) and BARDAminorStrategic or Co-development Partner · 1 March 2026GEHC is expanding its partnership with BARDA (Biomedical Advanced Research and Development Authority) through a $35 million investment to develop AI ultrasound technology, improving medical imaging capabilities. Note: GE Healthcare is a separately listed company following its 2024 spin-off from GE.
• United AirlinescoreOEM/ Whitelabel/ Licensing Partner · 19 February 2026United Airlines selected 300 GE GEnx engines for its new Boeing 787 Dreamliner fleet, representing one of GE Aerospace's largest commercial engine orders. The Boeing 787 Dreamliner exclusively uses GEnx and GE9X engines from GE.
• JSW EnergyminorOthers · 19 December 2025JSW Energy signed an agreement to acquire GE's supercritical thermal boiler manufacturing facility in Durgapur, India, as part of GE's global exit from the thermal boiler business. The Durgapur plant has capacity for 1-2 boilers per year (1,600 MW), running at 15% capacity with ~200 employees; post-acquisition employment expected to rise to 600.
• YTL PowerSerayaminorStrategic or Co-development Partner · 1 January 2025GE Vernova is supplying HRSG (Heat Recovery Steam Generator) systems for YTL PowerSeraya's 600 MW hydrogen-capable combined cycle power plant in Singapore, representing an active industry development in Asia-Pacific's energy transition.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Mitsubishi Power: Direct competitor in heavy-duty gas turbines (M501J/M501GAC), steam turbines, and is one of the key participants in the global gas turbine MRO market alongside GE, Siemens, and Kawasaki.
• Siemens Energy: Direct peer to GE Vernova across large-frame gas turbines (SGT-9000HL), wind turbines (Siemens Gamesa), and grid solutions — covering the exact same product portfolio across power generation and electrification.
• MAN Energy Solutions: Competes with GE in industrial and utility-scale gas turbines, large engine/turbomachinery, and adjacent power generation equipment for utility and industrial customers worldwide.
• Kawasaki Heavy Industries: One of the key participants in the global gas turbine MRO market alongside GE, Siemens, and Mitsubishi, with overlap in industrial gas turbines and aerospace structures/engines.
• Safran: CFM International JV partner with GE on the LEAP-1A/B but competes independently for engine programs (e.g., bid for India's AMCA Mk2 with full IP transfer), and overlaps with GE Aerospace in propulsion components and MRO.
• Vestas: World's largest wind turbine OEM and one of the two other top-3 wind OEMs alongside GE; competes head-to-head with GE in onshore and offshore wind across global utility-scale projects.
• Hitachi Energy: Direct competitor in grid solutions (HVDC, transformers, switchgear), co-listed with GE among key HVDC component suppliers, and overlaps in power conversion & grid electrification software.
• Rolls-Royce: Competing turbofan and large-engine manufacturer (Trent, Pearl) competing with GE Aerospace in wide-body propulsion and directly bidding against GE for India's AMCA Mk2 with a 100% IP transfer offer.
• Pratt & Whitney: Competing aircraft engine OEM (GTF, F135 military), co-producer with GE of certain engine programs and rival across narrow-body and defense propulsion categories.

Broad incumbents

• Honeywell: Broader industrial conglomerate whose Honeywell Aerospace unit competes with GE in avionics, propulsion subsystems, and engine control/FADEC, and whose Performance Materials business overlaps with GE's energy and electrification offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ge_power
• Facebookfacebook.com/GeneralElectricPower
• LinkedInlinkedin.com/company/gepower

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A9 records

Investments4 records

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Frequently asked questions about GE