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Company will also finance solar, storage connection technology GE Vernova is planning to invest nearly US$100m in its onshore wind manufacturing facilities in Pensacola, Schenectady, and Grand Forks, and its remanufacturing facilities in Amarillo. These continuing investments aim to strengthen the US supply chain for renewable energy through factory upgrades and tooling and fixtures investments, while improving customer and employee experience through a new experience center in Pensacola and office renovations in Schenectady. GE Vernova is also planning to invest more than US$10m in its Pittsburgh 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, the company said. The finance forms part of an investment US$600m in GE Vernovas US factories and facilities over the next two years to help meet the surging electricity demands around the world. Scott Strazik, chief executive of GE Vernova, (pictured) said: 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. 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. |
