GE Vernova's Sustainability Performance in Year One Revealed

GE Vernova is marking its first year as an independent, publicly traded company with the release of its data-rich and forward-looking sustainability report. 

With operations across more than 100 manufacturing sites in more than 25 countries, the company has aligned its growth with a four-pillar sustainability framework: 

• Electrify
• Decarbonise
• Conserve
• Thrive
  

Each area is driven by measurable goals, embedded governance and a strong sense of responsibility to deliver both business success and global climate solutions.

At the heart of the energy transition

GE Vernova defines itself as the world’s energy manufacturer, with a legacy stretching back 130 years to Thomas Edison’s electrification efforts. 

Today, it produces essential infrastructure including gas turbines, wind blades, modular reactors and grid software, supported by 109 direct material supplier countries and US$20bn in raw material spending. 

Its manufacturing strength is not only a source of operational advantage but a key driver of sustainability outcomes.

With US$35bn in revenue in 2024 and a backlog worth US$119bn, GE Vernova is poised to scale its solutions globally. 

Powering a growing and digital world

GE Vernova brought 31 GW of new power generation capacity online in 2024, equivalent to the entire generating capacity of the US state of Virginia. 

It also energised 71 GW of grid-enabling capacity, comparable to South Africa’s installed grid, alongside the deployment of 310,000 pieces of automation equipment and 6 GW of solar inverters. 

Approximately 25% of the world’s electricity now flows through GE Vernova technology.

Crucially, 62% of new generation and 34% of grid-enabling capacity were delivered to developing and emerging economies. 

Projects in Iraq, Turkey, Ghana, Indonesia and Nigeria featured prominently, showcasing the company’s commitment to addressing energy inequality. 

It also energised 71 GW of grid-enabling capacity, comparable to South Africa’s installed grid, alongside the deployment of 310,000 pieces of automation equipment and 6 GW of solar inverters. 

Approximately 25% of the world’s electricity now flows through GE Vernova technology.

Crucially, 62% of new generation and 34% of grid-enabling capacity were delivered to developing and emerging economies. 

Projects in Iraq, Turkey, Ghana, Indonesia and Nigeria featured prominently, showcasing the company’s commitment to addressing energy inequality. 

“I'm more confident and optimistic than ever about delivering on our mission to electrify and decarbonise the world,” says Scott Strazik, CEO at GE Vernova.

“We are not just imagining the future of energy, we are shaping it.”

GE Vernova has set a new target to add 150 GW of generating capacity by 2030, building on its existing footprint and ramping up electrification efforts globally.

The company is also responding to the electricity demands of AI and data centres, which are forecast to consume 12% of all US electricity by 2035. 

To meet this growth, GE Vernova is advancing dispatchable generation technologies, including high-efficiency gas turbines and its small modular reactor, the BWRX-300, as well as AI-enabled grid management tools like GridOS and GridBeats. 

These solutions help stabilise systems while enabling rapid deployment of co-located power generation for data centres.

Cutting emissions while powering growth

GE Vernova’s operations helped avoid 27 million tons of CO₂ emissions last year, largely due to cleaner energy generation and greater efficiency. 

The average carbon intensity of its new capacity was 368 g CO₂/kWh – about 20% below the global grid average.

The company’s gross Scope 3 emissions fell to 796 million metric tons, a 38% drop from the previous year.

The company’s long-term net zero ambition focuses on four core technologies – small modular nuclear reactors, hydrogen, carbon capture and direct air capture. 

It is advancing deployment and commercialisation of these solutions through global research, cross-sector partnerships and ongoing investment.

GE Vernova also reported a 51% reduction in Scope 1 and 2 emissions from its 2019 baseline, putting it on track to meet its 2030 carbon neutrality goal. 

A revised internal approach now prioritises large-scale investments more than reliance on renewable energy credits to deliver more meaningful reductions.

Circularity, water and resource efficiency

In 2024, 38% of GE Vernova’s top products were covered by its 4R circularity framework, up from 23% the previous year. 

Additionally, 53% of its product lines are supported by Life Cycle Assessments or Environmental Product Declarations, ensuring design and supply chain decisions are informed by environmental impact.

Water usage totalled 2.7 billion gallons, with 1.9 billion used for once-through cooling. 

Eleven environmental spills were reported, alongside two wastewater exceedances but no air quality violations.

The company has committed to increasing its product circularity coverage to 90% by 2030.

Innovation, governance and long-term investment

GE Vernova invested US$1.2bn in research and development in 2024 and committed to US$9bn in cumulative R&D and capital expenditure through 2028. 

This funding supports the development of grid innovation, nuclear energy, hydrogen-ready gas turbines and carbon capture technologies.

Sustainability governance is embedded through a dedicated council model chaired by the Chief Sustainability Officer, who reports directly to the CEO and Board. 

“I'm proud of our sustainability performance and the impacts made possible thanks to our manufacturing strength and our employees who drive it,” says Hon. Roger Martella, Chief Corporate Officer & Sustainability Officer.

“They operate supply chains building some of the most complex equipment the planet needs.”

The council spans 20 functions from legal and safety to operations and culture, ensuring alignment with strategy and compliance with global ESG frameworks. 

As the world enters the energy transition, GE Vernova is not just adapting to the future of energy, it is building it.

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