Scott Strazik

Scott Strazik has led GE Vernova as CEO since its spin-off from GE Aerospace in April 2024, creating the world's largest pure-play power equipment and technology company. GE Vernova's installed base of gas turbines, wind turbines, and other power equipment generates approximately 30% of global electricity — an enormous installed base that drives a massive service and parts revenue stream. GE Vernova operates in three segments: Power (the largest and most profitable — heavy-duty gas turbines, including the industry-leading HA-class turbines; nuclear services; hydroelectric; steam turbines), Wind (onshore and offshore wind turbines — historically loss-making due to quality issues and aggressive pricing, now being restructured), and Electrification (grid solutions, power conversion, high-voltage equipment, solar and storage — benefiting from massive grid modernization investment globally). The AI data center electricity demand surge has been a major catalyst for GE Vernova: gas turbines are essential for providing firm, dispatchable power to complement intermittent renewables, and the explosion of electricity demand from data centers is driving unprecedented orders for new gas turbine capacity. The grid segment benefits from the $300+ billion needed globally to modernize and expand electricity transmission and distribution infrastructure. Key stock drivers include gas turbine order intake and backlog, Power segment service revenue growth, Wind segment turnaround progress, Electrification grid equipment orders, AI-driven electricity demand growth, global power investment cycle, nuclear renaissance interest, and margin expansion trajectory.