New York, March 4, 2026, 13:16 (EST) — Regular session
Shares of GE Vernova Inc rose 0.8% to $848.76 on Wednesday afternoon. The energy equipment maker highlighted new business in Italy, including deals for wind turbines and grid equipment.
These updates have taken on new urgency, with utilities and developers shelling out more—and sitting through longer waits—for the equipment required to boost generation and hook up to the grid. GE Vernova’s angle: speedier delivery, plus more manufacturing close to home, as customers scramble for capacity to keep electrification plans on track.
It’s a squeeze. Turbine supply chains are under strain, according to a Reuters Events report out this week. Growing data center demand is driving up the pipeline for new U.S. gas plants, with some delivery times now stretching out for years and developers scrambling to lock in equipment earlier than usual. “The conversation will go from you don’t have turbines to you don’t have humans to actually build the power plants,” said Robert Gaudette, NRG Energy’s executive VP and president of business and wholesale operations. Reuters
GE Vernova plans to deliver 17 of its 6.1 MW onshore turbines for the IVPC Group’s Fortore wind farm in Benevento, a project topping 100 megawatts and awarded through an auction run by Italy’s GSE energy agency in December 2025. Turbine deliveries are set to start in the second quarter of 2027, bundled with a customized operations-and-maintenance package, the company said. Chief Commercial Officer Gilan Sabatier described the 6.1 MW-158m model as giving operators “a competitive edge in auctions.” GE Vernova
GE Vernova plans to pump roughly $30 million into boosting its electrification manufacturing plant in Sesto San Giovanni, near Milan, a move that’s set to create around 50 new positions. The facility turns out transformer “bushings”—those insulators key to handling high-voltage power. Electrification CEO Philippe Piron called the funding a move that “strengthen[s] a strategic capability” in the field. GE Vernova
GE Vernova on Monday finalized the $600 million sale of its Proficy industrial software arm to private equity group TPG, spinning Proficy out as a standalone company with over 20,000 customers. GE Vernova, meanwhile, plans to zero in on its core grid and electrification software.
Long waits for equipment and tight labor markets still have the potential to throw project timelines off track, and wind project awards can fall through if developers run into trouble with permitting, grid hookups, or financing. Investors are keeping an eye on whether suppliers can ramp up output without sacrificing price or exposing themselves to expensive execution risks.
GE Vernova has its leadership slated to present at the Bank of America Global Industrials Conference on March 18. The company has also penciled in its first-quarter 2026 earnings webcast for April 22.
