Venture Global rises on power equipment deal with GE Vernova, Baker Hughes
VG•Venture Global shares rose 3.5% before the bell after it agreed with GE Vernova and Baker Hughes Energy Services on up to 16 power units and related equipment. The agreements could support up to 10 GW of computing capacity at sites Venture Global owns or controls.
1. Power equipment agreements
Venture Global signed agreements with GE Vernova and Baker Hughes Energy Services for up to 16 new 720 MW power units and equipment, including turbines and transformers. The company said the deals could allow it to make up to 10 GW of new computing capacity available over time at sites it owns or controls for potential adjacent infrastructure and data centers.
2. First order expected
Venture Global expects to place its first power equipment purchase order by the end of the year. The agreements come as technology firms and utilities explore ways to make data centers more flexible in electricity consumption amid rising AI-driven demand.
