GE Vernova
The U.S. Department of Energy awarded $800 million to the Tennessee Valley Authority and Holtec Government Services to support construction of what may be the country’s first advanced small modular reactors.
GE Vernova is moving to expand the reach of its fastest-growing business segment, Electrification, by acquiring full ownership of grid equipment supplier Prolec GE.
Growing power demand from data centers dominated conversations at the NARUC Summer Policy Summit, where industry members and Trump administration officials advocated for the rapid addition of fossil fuel resources and infrastructure to meet load growth.
GE Vernova’s gas power and electrification businesses continue to surge amid growing power demand.
Nantucket said the agreement with GE Vernova for the Vineyard Wind 1 incident is compensation for costs and losses sustained by the town and local businesses.
President Donald Trump’s policies and the growth in demand from data centers and other new customers have changed the trajectory of the power system, speakers said at the Energy Future Forum.
GE Vernova’s gas turbine sales pipeline grew 39% and its onshore wind orders dropped 42% in the first quarter of 2025 amid sweeping changes in the U.S. energy landscape.
A data center campus planned in western Pennsylvania would include up to 4.5 GW of on-site gas-fired generation and be the largest facility of its kind in the U.S., a group of developers announced.
Chevron and Engine No. 1 are teaming up on plans for what they expect will be the first multi-gigawatt gas-fired power plant co-located with a data center.
NextEra Energy is collaborating with GE Vernova on development of natural gas-fired power generation and is taking further steps toward restarting an idled nuclear plant.
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