Strazik says GE Vernova's internal automation and AI investments have strong use cases that will expand margins over the medium term.
We have investments in automation and AI with strong use cases that will expand margins over the medium term,
Strazik says GE Vernova's internal automation and AI investments have strong use cases that will expand margins over the medium term.
We have investments in automation and AI with strong use cases that will expand margins over the medium term,
All statements by Scott Strazik ›
Strazik expects more than 55,000 U.S. transmission substations to be completely rebuilt or upgraded to higher voltages within the next decade, a big grid-equipment opportunity.
completely rebuilt or upgraded to higher voltages in the next decade.
Strazik said GE Vernova is still in the early stages of an electricity investment super cycle.
still in the early stages of this electricity investment super cycle.
GE Vernova's CEO said the company has selected contractors and finished planning for Venezuela's grid repairs but will not begin work until it is paid upfront.
This is not an environment in which we are going to act without receiving payment upfront,
Strazik says Trench's high-voltage products, execution and customer ties are key to building the resilient grid needed for the electricity supercycle.
Trench's differentiated high-voltage , strong execution and deep customer relationships are key enablers of the modernised, resilient grid required to keep pace with the electricity supercycle,
Strazik highlights Trench's margin-accretive profile and roughly $5 billion backlog and framework agreements extending into the next decade.
a margin-accretive financial profile and approximately $5 billion in backlog and framework agreements, some of which reach into the next decade