GENERAL ELECTRIC CO.

Company Overview

Founded in 1892, General Electric Co. (GE) operates globally through four segments: Aerospace, Renewable Energy, Power and Healthcare. The VPP lies under the Renewable energy segment, which will be a part of GE Vernova. GE Vernova includes onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables and digital services offerings.

Grid Solutions Equipment and Grid Services allow global power utilities and industries to efficiently manage electricity from generation to utilization, assisting the grid’s reliability, efficiency and resiliency. Service offerings involve a comprehensive portfolio of equipment, hardware, protection and control, automation and digital services. Grid also addresses the challenges of energy transition by safely and reliably connecting alternating renewable energy generation to transmission networks.

The company provides its services in North America, Europe, Asia-Pacific and MEA. It has global manufacturing facilities, with operations in nearly 130 countries.

Financial Highlights (FY 2024)

Company's Business Segments

• Commercial Engines & Services : It designs, develops, manufactures, and services jet engines for commercial airframes, business aviation, and aeroderivative applications.
• Defense & Propulsion Technologies : It provides defense engines and critical aircraft systems and includes the company's Defense & Systems and Propulsion & Additive Technologies businesses.
• Corporate & Other : GE Digital business, GE Vernova, financial services business, Insurance operationsprincipal retirement plans, significant, higher-cost restructuring programs, separation costs, and other costs reported in Corporate.