Electrification, Data & Decarbonisation: GE Vernova

GE Vernova is aiming to accelerate the energy transition towards more reliable, affordable and sustainable solutions.

The company has approximately 75,000 employees across more than 100 countries and gained US$35bn in revenue in 2024.

The energy technology firm, whose products are used to generate around 25% of the world's electricity, has been ranked 49th in Sustainability Magazine’s Top 250 World’s Most Sustainable Companies 2025.

GE Vernova’s net zero targets

GE Vernova’s Sustainability Framework is held up by four main pillars: electrify, decarbonise, conserve and thrive.

Each of these encompasses goals that help the company protect the planet and natural resources and support communities.

Its targets include reaching carbon neutrality for Scope 1 and 2 greenhouse gas emissions by 2030 and achieving net zero emissions across its value chain by 2050.

GE Vernova has achieved a 51% reduction in Scope 1 and 2 emissions from 2019 to 2024.

Since 2020, the company has ceased to take orders for new coal plants, instead focusing its efforts on strengthening its portfolio of wind, gas and nuclear generation technologies.

Scott Strazik, CEO of GE Vernova, says: “We believe access to reliable, affordable, sustainable and secure electricity improves outcomes on an individual and global scale.

“It is clear that we are in the early days of a decades-long investment supercycle in electric power that will transform our world in positive ways beyond just electrification.”

Electrification: the rise in renewables

With electrification as a core focus in the energy sector, GE Vernova is aiming to be a leading provider of new power generating capacity and grid capacity.

Its technology base helps generate approximately 25% of the world’s electricity and it is working on further innovations in renewables. 

The company plans to invest around US$9bn in R&D through 2028 to help support the new era of technological advancement, with the rise in AI and data centres.

Its aim is to provide technologies to meet the rapidly growing electricity demands of data centres with the help of its global footprint.

“We have to not only succeed for the energy sector but for layers of sustainability, helping other sectors decarbonise by making sure they can join the grid and be successful in their own efforts to decarbonise," explains Roger Martella, Chief Corporate Officer and Chief Sustainability Officer at GE Vernova.

“One of the ways we see this play out today is with data centres and AI.

“There’s a lot of growth in data centres and that’s leading towards thirstier needs on the power grid.”

Working towards circularity

GE Vernova plans to use “eco-design” in its products and technologies to minimise the negative environmental impacts throughout their lifecycles.

To help achieve this, it is working on integrating more sustainable and safer materials into its manufacturing.

The company aims to increase the recycled content in its products to help protect critical raw materials.

Its approach to designing and manufacturing its products involves reducing resource use and waste disposal while decreasing costs and mitigating environmental impacts, helping the company reach its sustainability goals.

GE Vernova is working towards reducing its energy and water consumption and cutting waste and pollution in its factories.

These resource-efficient operations contribute to the company’s circularity targets and help extend the life cycle of its products and services.

“I’ve never had more conviction in the opportunities ahead for investment at scale to advance our sustainability efforts and appreciate the constant engagement of all of our stakeholders,” Scott says.

“I stand with anticipation, pride and optimism for what we’re going to create together.”