Home » News » GE Vernova to Invest $50 million in Schenectady Site for Wind Turbine Business

GE Vernova to Invest $50 million in Schenectady Site for Wind Turbine Business

(CercleFinance.com) – GE Vernova announced today that it will invest $50 million in its Schenectady, NY site and hire approximately 200 new employees.

They will aim to establish a new manufacturing assembly line for its onshore wind turbine business. The site will assemble three key components of GE Vernova’s 6.1 MW turbine.

The assembly line will be housed in the building where GE Vernova continues to manufacture steam turbines and generators today, and is expected to be completed by summer 2023, with the first set of components produced early in the year. ‘autumn.

Scott Strazik, CEO of GE Vernova, said, “This state and the Capital Region is an important part of GE’s story and this investment will strengthen Schenectady’s role in driving the energy transition into the future. .’

Today’s announcement builds on GE’s $450 million investment in U.S. facilities announced earlier this year, including $11 million for Schenectady in capacity, facility maintenance and management of equipment and tools.

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2023-05-23 14:24:00


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