GE Vernova to invest almost $600 million in U.S. factories and facilities over next two years

URLhttps://www.gevernova.com/news/press-releases/ge-v
SourceGE Vernova
Date Published01/29/2025

Additional Reshoring Information:

Company/Division name GE Vernova
Parent companyGE Vernova
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):260
Year reshoring announced:2025
Year reshoring implemented or to be implemented:2027
Capital investment ($):20
City reshored to:Charleroi
State(s) reshored to:PA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredswitchgear
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Proximity to customers/market
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