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GE Vernova to Invest $11 Billion in Grid Modernization and Renewable Integration by 2028

WIND ENERGYGAS TURBINES & ENGINESPOWER GRIDS & TRANSMISSIONCARBON CAPTURE

GE Vernova is expanding its energy transition strategy by investing $11 billion from 2025 to 2028 in capital expenditure and research to advance grid modernization and renewable integration. The company operates over 7,000 gas turbines and 59,000 wind turbines globally, generating about 25% of the world's electricity.

Its Grid Solutions division is enhancing high-voltage transmission systems to support renewable energy growth. GE Vernova is also streamlining its wind energy portfolio and focusing on technologies that help customers reduce carbon emissions, including high-efficiency gas turbines and carbon capture systems. The goal is to achieve carbon neutrality for Scope 1 and 2 emissions by 2030.

GE Vernova to Invest $11 Billion in Grid Modernization and Renewable Integration by 2028
Mar 11, 2026, 6:03 AM

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