GE Vernova

Money Moves

Acquirer in the Trench deal

GE Vernova agreed on October 28 to buy Trench Group, a Berlin-based maker of high-voltage grid components, for $9 billion. The parts it makes, including bushings, instrument transformers and coils, sit inside most long-distance transmission lines.

Updated Oct 31

Built World

Building EGL1's 14 transformers and two converter stations

The first of 14 transformers for Eastern Green Link 1 has come off GE Vernova's production line in Staffordshire and been loaded for transport. The 196-kilometre subsea cable will carry 2 gigawatts of Scottish wind power to northern England, enough for about two million homes.

Updated Oct 25

Built World

As of August 2026: Turbine supplier for the project

In 2018, JEA imploded the towers of a 1,250-megawatt coal plant north of Jacksonville. On the same ground, the utility will now build a $1.57 billion natural gas plant.

Updated Aug 20