Ge Vernova Q4 Gas Turbine Orders Surge 74%

Oleh Patinko • January 30, 2026

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GE Vernova Q4 gas turbine orders surge 74%

Wind turbine orders increased 8% in 2025 — mainly outside the U.S. — despite the Trump administration’s efforts to stifle offshore wind development.

Published Jan. 30, 2026

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Dominion Energy’s 52-MW Bushy Park power plant in South Carolina uses a GE Vernova gas turbine and generator. GE booked 59 gas turbine orders in the fourth quarter last year, the company said Jan. 28, 2026. Courtesy of GE Vernova

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GE Vernova plans to close its acquisition of Prolec GE early next month, improving its competitive position in fast-growing international markets for low-voltage electrical distribution equipment and boosting its long-term financial outlook, the company said Wednesday.

The pending acquisition was one of several pieces of good news GE Vernova d in its fourth-quarter and full-year 2025 earnings call on Wednesday. The company’s electrification and power segments were particularly well positioned for “growing, long-cycle electric power market,” CEO Scott Strazik said in remarks to investors and stock analysts.

The company’s third segment, wind, remains challenged by U.S. policy shifts on offshore wind but saw solid order growth for the full year thanks to higher onshore orders.

By the Numbers: GE Vernova Q4 2025

$150B

Order backlog across all segments in Q4 2025, up over 25%.

$59.3B

Orders in full-year 2025, up 65% from 2024.

Gas turbine orders booked in Q4: 41 heavy-duty turbines and 18 aeroderivative units, up 74% from 34 total orders a year earlier.

$7.7B

Full-year 2025 wind turbine orders, up 8% from 2024 despite offshore wind troubles.

GE Vernova’s power segment includes the company’s gas turbine business, which has seen rising demand and favorable pricing from utilities and independent power producers looking to serve data centers and other power-hungry industrial customers.

Strazik touted strong, demand-driven gas turbine pricing trends. In a report published late last year, analysts tracking GE Vernova for William Blair said GE Vernova was booking turbine orders at $2,500/kW with prices “still rising.” In the fourth quarter, the cumulative backlog for the gas power business — including orders and slot reservations — hit 83 GW, up 21 GW from the previous quarter.

Thanks in large part to strong turbine pricing and continued backlog growth, GE Vernova sees 16% to 18% organic revenue growth next year in its power segment. Echoing comments he made at the company’s annual investor day last month, Strazik said GE Vernova would continue to ramp up gas turbine production at its existing facilities and reach 20 GW of annual output capacity by the middle of 2026.

New opportunities for electrification

Fourth-quarter order value grew 55% year over year for GE Vernova’s electrification segment, continuing a string of strong quarterly performances. The company said its grid solutions and power conversion and storage businesses drove the growth amid rising global demand for switchgears, high voltage direct current equipment and alternating current substation equipment, among other critical grid infrastructure.

Strazik said GE Vernova’s comprehensive product portfolio — further expanded by the Prolec GE acquisition — allows it to serve increased electricity demand more effectively than other manufacturers. The company aims to double its output of transformers and switchgears from 2024 to 2028, he said.

“We are able to provide a very unique solution to the end customers today with the linkage of the power generation and the electrical equipment together in a way that it is difficult for many other providers to do,” he said.

Strazik said the electrification segment would continue to expand. GE Vernova plans to test its first solid-state transformer this summer before shipping it to an unnamed “hyperscaler customer,” heralding “a new product line in 2027 for deliveries later in the decade.”

Challenges and bright spots for wind

Alluding to the political and economic challenges facing its beleaguered wind segment, Strazik characterized GE Vernova’s approach as “focusing on what we can control.”

That segment took a significant financial hit in the fourth quarter amid the Trump administration’s ongoing assault on offshore wind. Though courts have allowed four of the five projects halted by Trump last month to restart construction, the company forecast continued weakness this year.

GE Vernova supplied turbines for the nearly-complete Vineyard Wind, which was cleared to restart earlier this week. The order sets up the company to sprint toward completion by the end of March, after which Strazik said it would lose access to its installation vessel.

Strazik sounded more optimistic about GE Vernova’s onshore wind business amid an expected increase in turbine orders in the second half of 2026. The company booked 1.1 GW of repowering orders in 2025 — a ly growth area for wind turbine manufacturers broadly as turbines deployed earlier this century age out of service.

Ge Vernova Q4 Gas Turbine Orders Surge 74%