GE Vernova announces investments in U.S. facilities
03 March 2023
US$117 million expected to be spent on power
GE Vernova, GE’s portfolio of energy businesses, expects to make investments of roughly US$117 million this year – including capacity upgrades, facility maintenance, and equipment and tool management – to its U.S. facilities.
The company said the spending will help bolster its efforts in driving the energy transition and accelerating the path to reliable, affordable, and sustainable energy. These planned investments also will help position GE to seek further opportunities through the Inflation Reduction Act and other critical policies.
“By improving capacity and modernizing facilities, GE Vernova will be well positioned to further drive decarbonization, increase electrification, and lead the energy transition,” said GE Vernova CEO Scott Strazik. “These investments will ensure our employees and facilities are ready to support U.S. energy independence and sustainability goals, while positioning the company for long-term stability and success.”
Across its portfolio of businesses, GE Vernova is hiring externally for more than 920 U.S.-based positions and anticipates investing upwards of US$117 million in its U.S. energy facilities this year, including:
- US$35 million in Greenville, South Carolina for capacity, facility maintenance, and equipment and tool maintenance, among other areas. These investments will allow GE to increase capacity of gas turbine units and spare parts made in and shipped from Greenville. Further, investments in Greenville will ensure the best quality for customers and create the ability for technology advancement and production.
- US$20 million in nacelle manufacturing facilities in Pensacola, Florida to expand production capacity and bring new products to market.
- US$11 million in Schenectady, New York, including investments in capacity, facility maintenance, and equipment and tool management. These investments allow Schenectady to replace and upgrade tooling for improved on-time performance, to increase capacity of both gas turbine and generator products and services, and to ensure the best quality for customers.
GE Aerospace expects to invest more than US$335 million across its U.S. facilities this year. Currently, Aerospace has more than 800 external job postings open in sites across the country.