E&E

GE Vernova to shrink offshore wind business, slash 900 jobs

The company has faced scrutiny after one of its offshore wind blades fractured this year at a Massachusetts array. GE Vernova announced a plan Thursday to shrink its offshore wind division, cutting ...
The Business Journals

Vineyard Wind sues GE Renewables to prevent contractor from abandoning offshore project

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min GE Renewables filed to terminate ...
Reuters

GE Vernova cautious about wind sector as gas business soars

Dec 10 (Reuters) - GE Vernova (GEV.N), opens new tab said on Tuesday that it had resumed installing turbines at two offshore wind farms that experienced equipment failures this year, but the company's ...
Hosted on MSN

Vineyard Wind sues GE Vernova over $4.5bn offshore wind project

Vineyard Wind has taken legal action against GE Vernova, asserting that the company is attempting to withdraw from its contractual obligations to supply and maintain wind turbines for a $4.5bn ...
AOL

Vineyard Wind sues GE to stop 'wind farm graveyard' off Nantucket

Vineyard Wind 1 is now at the center of a high-stakes legal disagreement, as it asks a judge to step in quickly to keep GE Renewables — a key contractor — from walking away just as the 806-megawatt ...
Times Union

At GE Vernova, offshore wind in lull, but nuclear and gas plants are hot

GE Vernova CEO Scott Strazik greet Massachusetts Gov. Maura Healey outside GE Vernova's headquarters building in Cambridge in late 2023. SCHENECTADY — GE Vernova raked in $10.6 billion in revenue ...
AOL

Judge orders GE stay, calls exit 'fanciful' in Vineyard Wind case

A Suffolk Superior Court judge has ruled that GE Renewables cannot abandon its work on the Vineyard Wind offshore wind farm south of Martha's Vineyard, saying the company has no legal basis to quit ...
Times Union

GE Vernova earnings disappoint Wall Street amid wind woes

Offshore wind continues to drag down GE Vernova's financial results as CEO says problems at Canadian factory was to blame for wind blade failures GE Vernova is based in Cambridge, Mass., but it has a ...
The Business Journals

GE Vernova pegs $300M loss to offshore wind blade failures in New England and the U.K.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Offshore wind blade failures ...
Yahoo

Town, GE Vernova agree to $10.5M settlement over wind turbine blade failure

Add Yahoo as a preferred source to see more of our stories on Google. In a first-of-its-kind agreement, Nantucket has secured a $10.5 million settlement from GE Vernova over last year’s wind turbine ...
Yahoo

GE Vernova to pay Nantucket $10.5M over offshore wind blade failure

Add Yahoo as a preferred source to see more of our stories on Google. NEW BEDFORD, Mass. (WPRI) — Nearly a year after a turbine blade failure scattered debris along the shores of Nantucket, GE Vernova ...
E&E

GE Vernova: Gas is up and wind is down under Trump

Orders for the company’s natural gas division spiked in the first quarter, but its wind division saw a 43 percent plunge. Hello gas, goodbye wind. GE Vernova reported strong first quarter earnings ...