GE Vernova invests $7.2 million to modernize high-voltage R&D lab in Italy
GE Vernova Inc.
GE Vernova Inc. GEV | 0.00 |
- GE Vernova completed a modernization of its high-voltage R&D lab in Noventa di Piave, Italy, part of a four-year USD 7.2 million investment.
- Expanded high-voltage testing capacity to validate grid equipment, aiming to speed utility deployments as renewable connections lift system demands.
- Site employs more than 300 people, planning about 15 hires a year as the upgrade supports long-term growth.
- Follows a separate plan to expand manufacturing capacity in Sesto San Giovanni, Italy, valued at more than USD 30 million.
- Investment aligns with plans to spend USD 11 billion in capex and R&D from 2025 through 2028.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GE Vernova Inc. published the original content used to generate this news brief on June 30, 2026, and is solely responsible for the information contained therein.
