GE Vernova’s gas turbines generates ~25% of global electricity. Spun off of GE in April 2024 and caught the AI data centre wave: up ~7x from $40B at IPO to $270B.
Here’s an explainer video of its product (currently sold out until 2028):
Larry Culp pulled off incredible turnaround at GE. The conglomerate had a market cap of $96B when he became CEO in 2018.
After refocusing divisions and two spin-offs, the 3 GE firms now combined market cap of $665B: GE Aerospace ($367B), GE Vernova ($270B), GE Healthcare ($28B).