GE Vernova: Electrification of the future as a driving force for AI

The transformation of the energy sector is advancing relentlessly with GE Vernova. This newly formed global energy company, emerging from the split of General Electric, promises investments not only in green energy but also in artificial intelligence (AI), whose energy demand is steadily increasing. GE Vernova was formed from the split of General Electric, which also gave rise to GE Healthcare and GE Aerospace. Focusing on electrification and decarbonization, GE Vernova positions itself as a key figure in the emerging AI industry. The company's name is a combination of "verde" (green) and "nova" (new). A study by the U.S. Department of Energy has already provided alarming indications of the increasing demand for gigantic data centers, whose connections challenge the capacity of local power grids. Companies like Amazon and Google, which function as leading providers of cloud infrastructure, are at the center of this development. A report by Goldman Sachs Research predicts that the power demand of data centers will more than double by 2030. This also signifies a fundamental change in global energy supply. Scott Strazik, CEO of GE Vernova, stated in an interview with Bloomberg that the company has already signed contracts for the supply of gas turbines for data centers. These turbines are essential for planned data centers with a capacity of 5 gigawatts, which are scheduled to be operational by 2028. Within a month, GE Vernova has secured orders for 9 gigawatts of gas turbines—a testament to the growing demands and future opportunities in this sector.