The deal: GE Vernova said its acquisition of Trench Group cements its foothold in the global high-voltage sector, which is set to hit $130B by decade’s end as the grid expansion accelerates. This deal will “help deliver the technologies and manufacturing capacity needed for the global electricity supercycle,” the company wrote in a statement.
Plus, a status update: GE Vernova reported that its Q3 orders doubled year-over-year (reaching $29.3B), while order backlogs continue to grow.
Wed, Oct 28
Molly Glick
Energy Central Team
NEWS: GE Vernova is buying a high-voltage grid equipment giant for $9B.
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