Schenectady, NY (August 19, 2025) – With global energy demand at historic levels, today GE Vernova announced a new $41 million investment in its historic Schenectady facility to expand generator capacity by expanding the company’s Center of Excellence for Steam and Generator assembly and testing. This new funding is expected to add 50 new jobs at the facility, helping meet global customer demand. The state of New York’s Excelsior Jobs Program has also awarded GE Vernova $1 million towards completing this project.
“We are committed to meeting the needs of our customers and the world as demand for electricity continues to rise at historic rates,” said CEO Scott Strazik. “This investment in our Schenectady facility continues our work to build gas power capacity and help meet global energy needs.”
“New York State is paving the way for manufacturing, research and development for innovative energy technologies — bringing the State closer to a cleaner future for generations to come,” Governor Kathy Hochul said. “With the State’s public-private partnership with GE Vernova, we’re bringing in good-paying jobs to Upstate New York and promoting sustainability from the tip of Long Island to the Erie Canal.”
The new funding will allow for enhancements to the manufacturing of GE Vernova’s H65 and H84 generators, which accompany the company’s most efficient HA gas turbines.
GE Vernova has a 130-year legacy in New York state, which is home to our Gas Power and Onshore Wind businesses and our Advanced Research Center. This latest investment is in addition to more than $130 million in investments GE Vernova announced in Schenectady since 2023, including a $50 million investment in 2023 to build a new manufacturing line in Schenectady that created more than 200 new jobs and a $80 million investment announced this January for gas power and onshore wind work.
Strazik added, “Our Schenectady facility provides an amazing opportunity to cultivate and invest in our talent in the Capital Region, and we thank the state of New York for their support. We have called this region home for more than a century, and we are proud to continue to move that legacy forward.”
Companywide, this year GE Vernova has announced $720 million in investments at its U.S. manufacturing facilities and 1,800 new U.S. jobs over the next two years. These investments are part of a larger $9 billion cumulative global capex and R&D investment plan through 2028 that was announced at the company’s Investor Update in December 2024.
