GE Power (formerly known as GE Energy) was an American energy technology company owned by General Electric (GE). In April 2024, GE completed the spin-off of GE Power into a separate company, GE Vernova. Following this, General Electric ceased to exist as a conglomerate and pivoted to aviation, rebranding as GE Aerospace.
GE Vernova, Inc. is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts.
GE Vernova was formed from the merger and subsequent spin-off of General Electric's energy businesses in 2024: GE Power, GE Renewable Energy, GE Digital and GE Energy Financial Services.
Arabelle Solutions, formerly GE Alstom Nuclear Systems, or GEAST, for ‘GE Alstom’, most of which was spun off from GE Steam Power, is a French multinational specialising in nuclear activities related to steam turbines (Arabelle) for the turbine islands. It is present in nearly 16 countries including China, Finland, India, Romania and the United Kingdom, and headquartered in Nanterre, France. At Belfort, it is developing the Arabelle nuclear turbine, the most powerful in the world.
Historically based in France, notably at its Belfort site, it has been a subsidiary of EDF since 31 May 2024. Originally a joint subsidiary named GE Alstom Nuclear Systems (GEAST) between General Electric and Alstom, it became an 80%-owned subsidiary of General Electric, then of GE Vernova, in October 2018. The French state held a 20% stake in GEAST. Headed by Frédéric Wiscart, GE Alstom Nuclear Systems also brought together GE Steam Power's nuclear activities, resulting from the acquisition of Alstom Power in 2015, through its two subsidiaries GE Steam Power Systems (formerly Alstom Power Systems) and GE Steam Power Service (formerly Alstom Power Services).
General Electric Company (GE) was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered, during its final year of operation, in Boston.
Over the years, the company had multiple divisions, including aerospace, transportation, energy, healthcare, lighting, locomotives, appliances, and finance. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2023, the company was ranked 64th in the Forbes Global 2000. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE—Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded the Nobel Prize. From 1986 until 2013, GE was the owner of the NBC television network through its purchase of its former subsidiary RCA before its acquisition of NBC's parent company NBCUniversal by Comcast in 2011.