GE Vernova, a new company formed through a three-way split of General Electric, has projected higher revenues for 2025, ranging from $36-37 billion, up from $34-35 billion in 2024. The company is experiencing challenges in its wind energy division but is seeing strong performance in its gas turbine and electrical grid segments. GE Vernova plans to invest $4 billion in capital expenditures and $5 billion in research and development through 2028. The company is not taking new orders for offshore wind turbines and expects continued losses in the segment through 2025. However, demand for gas turbines and electrical grid equipment is robust, with orders for 20 GW of gas equipment expected in 2024, doubling the 11 GW recorded in 2023. The company aims to produce 80 gas turbines annually by 2027, up from 55 currently. Overall, GE Vernova expects a mid-single-digit decline in revenue in 2025, with flat revenue forecasts for 2024.
