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News
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LCG, August 19, 2025--GE Vernova today announced a new $41 million investment in its historic Schenectady facility to increase generator manufacturing capacity to help meet rising global customer demands. The new funding will enable enhancements to the manufacturing of GE Vernova’s H65 and H84 generators, which accompany the energy company’s most efficient HA gas turbines.
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LCG, August 15, 2025--Xcel Energy announced that the company received state approval yesterday from the Minnesota Public Utilities Commission to extend operations of the Prairie Island nuclear plant through the early 2050s. Prairie Island has two units that have a combined generating capacity of 1,100 MW. The units’ current operating licenses expire in 2033 and 2034.
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Industry News
GE Vernova Announces Expansion of Center for Excellence for Steam and Generator Assembly and Testing in New York
LCG, August 19, 2025--GE Vernova today announced a new $41 million investment in its historic Schenectady facility to increase generator manufacturing capacity to help meet rising global customer demands. The new funding will enable enhancements to the manufacturing of GE Vernova’s H65 and H84 generators, which accompany the energy company’s most efficient HA gas turbines.
The investment will expand the company’s Center of Excellence for Steam and Generator assembly and testing, including the addition of 50 new jobs at the facility in New York. The State’s Excelsior Jobs Program awarded GE Vernova $1 million towards completing this project.
GE Vernova's CEO stated, "We are committed to meeting the needs of our customers and the world as demand for electricity continues to rise at historic rates. This investment in our Schenectady facility continues our work to build gas power capacity and help meet global energy needs."
GE Vernova noted that it has a 130-year legacy in New York, which is home to its Gas Power and Onshore Wind businesses and its Advanced Research Center. The new 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 in January for gas power and onshore wind work.
The Governor of New York said, "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. 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."
"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," said GE Vernova's CEO. "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. The company stated these investments are part of a larger $9 billion cumulative global capex and R&D investment plan through 2028 that was announced last December.
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