GE Vernova invests $600M to expand U.S. manufacturing facilities, creating 1,500 new jobs

GE Vernova Inc. has announced plans to make investments in its U.S. factories and facilities over the next two years. The global energy company will invest $600 million into the project, generating more than 1,500 new U.S. jobs in the process. According to the company, this investment will help drive U.S. energy affordability, national security, and competitiveness. This latest announcement is part of a larger $9 billion cumulative global capex and R&D investment plan. GE Vernova will spend:

• $160 million at its Greenville, South Carolina, facility to support capacity growth, quality, industrialization and delivery efforts, and new testing capability with hydrogen fuel
• $50 million to support capacity growth and sustainability, industrialization and quality efforts in Schenectady, New York
• $50 million combined at its Parsippany, New Jersey, and Bangor, Maine, locations to support capacity growth and quality, industrialization and delivery efforts
• $20 million to expand capacity at its Grid Solutions facilities in Charleroi, Pennsylvania, which manufactures switchgear, and Clearwater, Florida, which produces capacitors and instrument transformers
• $50 million to enhance safety, quality and productivity at its Wilmington, North Carolina, factory and to launch its next generation nuclear fuel design
• $100 million at its manufacturing facilities in Pensacola, Florida; Schenectady, New York; and Grand Forks, North Dakota; and its remanufacturing facilities in Amarillo, Texas, to strengthen the U.S. supply chain for renewable energy through factory upgrades and tooling and fixtures investments
• $10 million at its Pittsburgh, Pennsylvania, facility to expand capabilities across its Electrification segment
• $100 million at its Niskayuna, New York, facility to strengthen the center’s electrification and carbon efforts, enable continued recruitment of top-tier talent, and push forward innovative technologies

What people are saying

In a recent quote, Scott Strazik, CEO of GE Vernova, said, “These investments represent our serious commitment and responsibility as the leading energy manufacturer in the United States to help meet America’s and the world’s accelerating energy demand. These strategic investments and the jobs they create aim to both help our customers meet the doubling of demand and accelerate American innovation and technology development to boost the country’s energy security and global competitiveness.”

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