GE Vernova plans $600 million investment in US factories

GE Vernova, an American energy manufacturer, plans to invest nearly $600 million in its US facilities by 2027 to address growing global electricity demands. The investment is for improving energy affordability, national security, and global competitiveness. The investments are part of a $9 billion global capital expenditure and R&D plan announced in December 2024. Key investments include: $300 million for the gas power business to expand heavy-duty gas turbine manufacturing, with plans to produce up…