GE Vernova to Invest Almost $600 Million in U.S. Factories and Facilities Over Next Two Years
GE Vernova Inc. (
NYSEGEV), America’s leading energy manufacturing company, is planning to invest nearly $600 million in its U.S. factories and facilities over the next two years to help meet the surging electricity demands around the world.
GE Vernova declares $0.25 per share quarterly dividend and initial $6 billion share buyback
GE Vernova (
NYSEGEV) today announced that its Board of Directors has declared a $0.25 per share quarterly dividend and approved an initial $6 billion share repurchase authorization. The quarterly dividend will be payable on January 28, 2025, to shareholders of record as of December 20, 2024.
GE Vernova raises multi-year financial outlook, initiates dividend and authorizes buyback
GE Vernova (
NYSEGEV), a unique industry leader enabling customers to accelerate the energy transition, today hosts its 2024 Investor Update event to present its multi-year financial outlook and frame its capital allocation strategy.
GE Vernova Recommends Shareholders Reject “Mini-Tender” Offer by TRC Capital Investment Corporation
GE Vernova Inc. (
NYSEGEV) today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,000,000 shares of GE Vernova common stock, which represents approximately 0.4% of the shares outstanding, at a price of $155.00 per share in cash. TRC Capital’s offer price is 7.39% less than the $167.36 closing price per share of GE Vernova’s common stock on May 7, 2024, the last trading day before the mini-tender offer appears to have commenced.
GE Vernova Launches New Portfolio of Grid Automation Solutions to Enhance Grid Resilience
GE Vernova’s Grid Solutions business (
NYSEGE), today announced the launch of GridBeats, a comprehensive portfolio of software-defined automation solutions aimed at streamlining grid digitalization and enhancing grid resilience.
GE Vernova–MYTILINEOS Consortium Awarded £1bn Contract to Construct the UK’s First High-Capacity East Coast Subsea Link
GE Vernova’s Grid Solutions business (
NYSEGE) and MYTILINEOS Energy & Metals (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) (MYTILINEOS) announced that they have been awarded a £1 billion contract by National Grid Electricity Transmission and SP Transmission, part of SP Energy Networks (SPEN), for the United Kingdom’s first high-capacity east coast subsea link.
GE Vernova Acquires Greenbird to Accelerate GridOS® Innovation and Help Utilities Reduce the Complexity of Energy Data Integration
GE Vernova’s Digital business today announced it has acquired Greenbird Integration Technology AS, a data integration platform company focused on utilities. This acquisition highlights GE Vernova’s commitment to investing in technologies and talent that help accelerate the sustainable energy grid. The platform will accelerate GridOS®, the world’s first software portfolio designed specifically for grid orchestration, adding new capabilities for connecting systems and integrating data across the grid more easily and at scale. The financial terms of the acquisition are not being disclosed.
