GE Vernova T&D India Limited Selected as L1 Bidder by Power Grid Corporation for Massive HVDC Terminal Station Project

Rivian (RIVN) CFO Claire McDonough is leaving to join GE Vernova (GEV) as CFO in 2027. Rivian's stock is down 75% from IPO, now near $17, as it ramps up R2 SUV production. GE Vernova reported Q2 revenue of $11.1B and adjusted EBITDA of $1.2B. Rivian's hedge fund ownership concentration is 7.9%.

GE Aerospace secured a $2.87 billion, five-year U.S. Navy contract for F414 engine support, bolstering its defense and commercial engine service revenue. The company projects $63.2 billion revenue and $11.7 billion earnings by 2029, with analysts suggesting potential upside. GE's narrative focuses on cash generation and balance sheet management, though risks like supply chain inflation persist.

GE Vernova announced CFO Kenneth Parks' retirement in April 2027 and his successor, Rivian CFO Claire McDonough. The company also detailed new grid and renewable projects, including supporting Venezuela’s power network and supplying turbines to a Scottish wind farm. GE Vernova projects $60.9 billion revenue and $9.7 billion earnings by 2029, requiring 15.7% yearly revenue growth. Analysts' earnings estimates for 2029 range from $6.2 billion to $9.7 billion, with geopolitical and policy risks cit

GE Vernova signed a deal to supply 16 6.1MW wind turbines to Scotland's Chleansaid wind farm, with a 20-year maintenance agreement. The project, ESB's first self-developed onshore wind farm in Scotland, aligns with the UK's renewable energy goals. GE Vernova's split-blade technology aims to improve logistical efficiency. Meanwhile, Korea Western Power hosted a technology exchange to enhance gas turbine maintenance expertise, focusing on internal research and advanced technologies like AI and dig

GE Appliances is investing $1B to expand and modernize its Louisville campus, including $400M for dryer production in Building 5 and $490M for an advanced laundry facility in Building 2. The project aims to make it the largest US home-appliance assembly plant, creating 800 jobs and relocating production from Mexico. The company has planned $6.5B in US investments since 2016.

U.S. Energy Secretary Chris Wright announced an agreement with GE Vernova to stabilize Venezuela's power grid within six to 12 months. GE Vernova plans to add 1 GW of capacity in 24 months and 5 GW over four years. The U.S. Department of Energy described Venezuela's electrical system as a critical bottleneck. Chevron and Eni also made significant oil investment commitments in Venezuela.