GE Vernova’s 2,000-V FLEXINVERTER
GE Vernova announced it 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.
The new investments — expected to create approximately 1,500 new U.S. jobs — will help drive U.S. energy affordability, national security and competitiveness, and enable the American manufacturing footprint needed to support expanding global exports.
“These investments represent our serious commitment and responsibility as the leading energy manufacturer in the United States to help meet America’s and the world’s accelerating energy demand,” said Scott Strazik, CEO of GE Vernova. “These strategic investments and the jobs they create aim to both help our customers meet the doubling of demand and accelerate American innovation and technology development to boost the country’s energy security and global competitiveness.”
The company is planning to invest more than $10 million in its Pittsburgh, Pennsylvania, facility to expand capabilities across its Electrification segment. This includes planned funding to house a new domestic manufacturing line for the company’s FLEXINVERTER, a key technology for utility-scale solar and energy storage applications. The total investment is expected to create more than 270 new jobs, with the new line producing both the 1500V and 2000V FLEXINVERTER. This will help enable utilities to seamlessly connect renewable energy sources to the grid, ensuring stable and consistent energy supply for homes and businesses.
GE Vernova also plans to expand gas turbine, nuclear and windpower manufacturing at facilities across the country, along with growing its energy research hub in New York.
The new investments are the first part of a larger $9 billion cumulative global capex and R&D investment plan through 2028 that was announced at the company’s investor update on December 10, 2024. Currently GE Vernova has more than 18,000 workers across 50 states in the U.S., with 18 U.S. manufacturing facilities and its global headquarters located in Massachusetts.
News item from GE Vernova
