FT News Briefing Behind the Money: GE Vernova tries to shake its parent’s problems
63 snips
May 26, 2025 
In this discussion, Amanda Chu, former US energy reporter for the FT, sheds light on GE Vernova's ambitious journey post-spin-off from General Electric. She examines the principles of de-conglomeration and how they apply to GE Vernova's strategy in the energy sector. The conversation covers the revitalization efforts within the company, including improvements in morale and financial performance. Additionally, Amanda reflects on the economic impact of GE's departure on Schenectady, and the skepticism surrounding GE Vernova's long-term viability amid evolving market demands.
AI Snips
Chapters
Books
Transcript
Episode notes
Schenectady's GE Legacy
- Schenectady was economically tied to General Electric for decades as the company dominated the area.
- GE Vernova is now expanding capacity there, showing a revival after GE's decline.
GE Vernova's Profit Surge
- GE Vernova's spinoff coincided with a sudden surge in power demand driven by AI and onshoring.
- This transformed the business from loss-making to profitable with booming orders through 2030.
Scott Strzeck's GE Journey
- Scott Strzeck has been with GE for over 20 years, rising through ranks and leading GE Power before GE Vernova.
- He embraces a mix of legacy strengths and new beginnings for the spinoff.
