GE Vernova to Enhance US Operations with $600M Manufacturing Investment

GE Vernova announced an approximately $600 million investment across its U.S. manufacturing factories and facilities, which will be allocated over the next two years.

“These investments represent our commitment and responsibility as a leading energy manufacturer to help meet America’s and the world’s accelerating energy demand,” said Scott Strazik, CEO of GE Vernova. “These strategic investments and the jobs they create aim to both help our customers meet the doubling of demand and accelerate American innovation and technology development to boost the country’s energy security and global competitiveness.”

With nearly 1,500 new jobs, the company's plan is expected to strengthen U.S. energy affordability. The funding will be dispersed across:

• Gas turbine manufacturing
• Grid solutions
• Nuclear
• Advanced Research Center
• Onshore wind factories
• Energy storage

These investments—part of a larger $9 billion global CapEx and R&D plan through 2028—will expand the American manufacturing footprint to support growing global exports, in addition to meeting customer demand, bolstering domestic supply chains, and enabling GE Vernova to continue developing its power technologies.

Company headquarters in Cambridge, MA; image credit: GE Vernova

Gas Turbine Manufacturing

GE Vernova will invest approximately $300 million in its Gas Power business and the capacity build-out of its heavy-duty gas turbine fleet. This portion is expected to create more than 850 new jobs and support new projects, including:

• In Greenville, SC, the company will invest over $160 million to support capacity growth, quality, industrialization, and delivery efforts, as well as new testing capability for hydrogen fuel. More than 650 new jobs will be created through this investment.
• In Schenectady, NY, GE Vernova will invest over $50 million and bring on more than 100 new jobs in 2025, supporting capacity growth, sustainability, industrialization, and quality efforts.
• In Parsippany, NJ and Bangor, ME, the company will invest nearly $50 million across both locations to support capacity growth, quality, industrialization, and delivery efforts.

Grid Solutions

GE Vernova will invest approximately $20 million to expand capacity at its Grid Solutions facilities in Charleroi, PA, and Clearwater, FL, which manufactures switchgears and capacitors and instrument transformers, respectively. The funding may generate over 260 new jobs and satisfies the increasing demand for high-voltage grid equipment, with the investment’s majority dedicated to the installation of additional capacity to improve productivity.

Energy Research Hub

In 2025, GE Vernova will invest nearly $100 million in its Advanced Research Center (ARC) in Niskayuna, NY, to advance electrification and carbon efforts, enable continued recruitment of quality talent with 75 new research jobs, and accelerate technologies including:

• Direct air capture
• Alternative fuels for power generation
• The grid of the future
• Critical infrastructure security

The State of New York, including Governor Kathy Hochul and Empire State Development, will invest an additional $9.6 million in tax credits to the ARC. GE Vernova also plans to fund $15 million for Generative Artificial Intelligence work at ARC at in 2025.

Nuclear

GE Hitachi will invest over $50 million to improve safety, quality, and productivity at its Wilmington, NC factory, in addition to deploying its next-generation nuclear fuel design for the BWRX-300 small modular reactor. This investment also expands plant automation, positioning it to meet increasing global demand for nuclear energy as numerous U.S.-based utilities restart retired plants.