GE Vernova more than tripled its direct data center orders in 2025 to over $2 billion, reflecting surging demand for power equipment in high-performance computing facilities. The company’s Power and Electrification segments benefited from a 4.3% rise in global electricity demand last year, driven by data center builds in North America, Europe and Asia. GE Vernova’s backlog reached $150 billion at year-end, supported by utility-scale gas turbines, grid transformers and advanced switchgear designed to meet the stringent uptime requirements of AI workloads.

In early February 2026, GE Vernova closed its $5.275 billion acquisition of the remaining 50% stake in Prolec GE, funded with an equal mix of cash and debt. Prolec GE brings seven North American manufacturing sites and approximately 10,000 employees into GE Vernova’s Electrification segment. Management expects the consolidation to be immediately accretive to margins and to support higher capacity utilization as grid modernization projects ramp up. GE Vernova CEO Scott Strazik highlighted that the deal builds on a 30-year partnership and positions the company to capture strong transformer demand in both utility and industrial markets.

GE Vernova’s 2026 guidance, updated to reflect the Prolec GE acquisition, anticipates mid-teens revenue growth through 2028 across its three core segments: Power, Wind and Electrification. Natural gas turbine orders remain robust, with several multi-gigawatt frame F-class projects secured in the Middle East and Latin America. On the renewables side, the company advanced over 8 GW of onshore wind kit shipments in 2025 and secured service agreements for eight HA gas turbines at the Laguna Verde nuclear plant in Mexico. Management reiterated its target to reduce segment carbon intensity by 20% by 2030, leveraging digital-optimization software and expanded aftermarket offerings to drive higher lifetime asset utilization.