Energy Transition Market Growth
Investing to create incremental value
Reducing lead-times
Expanding Capacity
GE GE VERNOVA
Growing Services
Electrification services revenue ($B)
Systems
Software
Continued
growth
1.8
1.6
2022
2023
2024E
•
Deploying lean in our US circuit
breaker factory to improve delivery
US customer demand accelerating
Investing in our UK HVDC transformer
& valve factories to meet demand
Investments & lean deployment
accelerating services growth
•
Investing to capture HVDC growth
•
Upgrading an aging installed base
•
35% lead-time reduction
.
Doubling current factory capacity
.
•
'23 sales 1.5x & higher productivity
•
Building state-of-the-art test lab
•
Investing in local repair centers
Expanding service offering range
Taking action to profitably scale this attractive business
© 2024 GE Vernova and/or its affiliates. All rights reserved.
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