Energy manufacturer GE Vernova announced plans to invest approximately $600 million in its U.S. operations within two years. The company expects the projects to create about 1,500 jobs.
The latest investments represent the first phase of a $9 billion plan announced at GE Vernova’s Investor Update in December. The projects will cover gas turbine production, grid solutions, nuclear operations, onshore wind facilities, electrification, and energy research.
Expanding Gas Turbine Production, Grid Solutions
GE Vernova stated that it would spend $300 million on manufacturing gas turbines. The company said the investments would create 850 jobs and support projects in South Carolina, New York, New Jersey, and Maine.
The grid solutions sites in Pennsylvania and Florida will receive approximately $20 million for switchgear, instrument transformer, and capacitor production. The company expects the projects to create 260 jobs.
Adding to Nuclear, Onshore Wind Facilities
GE Vernova’s nuclear division, GE Hitachi, revealed it would invest over $50 million in its North Carolina factory to boost automation and enhance quality, productivity, and safety. GE Hitachi also aims to launch a next-generation nuclear fuel design, a key piece of the company’s BWRX-300 reactor.
GE Vernova’s wind business plans to invest about $100 million in facility upgrades and tooling improvements at its factories in North Dakota, New York, Florida, and Texas.
Electrification and Energy Research
The company’s electrification division will send nearly $10 million to its Pennsylvania site for a new manufacturing line for the FLEXINVERTER, an integrated power conversion system platform. The investment would create over 270 jobs.
GE Vernova’s Advanced Research Center in New York will get nearly $100 million to boost its carbon and electrification efforts and create 75 jobs.
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