GE Vernova’s Onshore Wind business has booked orders to repower 1.1 GW of existing U.S. onshore turbines, with projects slated to reach commercial operation between 2026 and 2027. The repower packages, to be manufactured in Pensacola, Florida, include nacelles and drive trains built domestically—20 percent of the Pensacola workforce are veterans. By upgrading turbine components, GE Vernova projects customers will achieve double-digit increases in annual energy production, lower maintenance costs by up to 25 percent, and extend asset life by at least 10 years. These orders reinforce the company’s strategy of maximizing value from its installed base of approximately 59 000 turbines (nearly 120 GW globally) and driving U.S. manufacturing and job creation.

In 2025 GE Vernova signed more than $2 billion in direct orders from AI data center projects, tripling the prior year’s volume and capitalizing on electricity demand projected to climb 133 percent by 2030. The surge in data center equipment contributed to 9 percent revenue growth, pushing annual revenues to $38.1 billion and delivering a net income margin of 12.8 percent. The company’s power generation, power conversion, and grid solutions divisions have expanded backlog to over $150 billion, positioning GEV to supply high-efficiency gas turbines, transformers, and power distribution systems to hyperscale computing facilities worldwide.

GE Vernova completed a registered public offering of $2.6 billion in senior notes, issuing multiple tranches including $600 million at a 4.250 percent coupon. Net proceeds will support general corporate needs and finance a portion of the February 2, 2026 closing of its acquisition of the remaining 50 percent interest in Prolec GE. The debt issuance strengthens the balance sheet while preserving investment grade ratings, and underscores management’s commitment to strategic M&A that expands the company’s footprint in Latin American transformer markets.