GE Vernova Inc. (GEV) Research & Development Expenses
The r&d expense for GE Vernova Inc. (GEV) is $1.20 Billion with a year-over-year change of +21.89%. Research and Development (R&D) expenses represent the costs incurred by a company in developing new products, services, or processes.
GEV R&D Expense Chart
Current R&D Expense
$1.20B
$1.20 Billion
Year-over-Year Change
+21.89%
vs. $982.00M prior year
Historical Data
5
Years of data available
Annual R&D Expense History
| Year | R&D Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $1.20B | +$215.00M | +21.89% |
| 2024 | $982.00M | +$86.00M | +9.60% |
| 2023 | $896.00M | $-83.00M | -8.48% |
| 2022 | $979.00M | $-29.00M | -2.88% |
| 2021 | $1.01B | — | — |
About GE Vernova Inc.
GE Vernova Inc. is an energy enterprise primarily engaged in generating electricity. Its business activities are categorized into three main divisions: Power, Wind, and Electrification. The Power segment is responsible for producing and distributing electricity from various sources, including hydroelectric, natural gas, nuclear, and steam power. The Wind division concentrates on the fabrication and sale of wind turbine blades. Meanwhile, the Electrification segment offers an array of services such as grid infrastructure solutions, power conversion technologies, and both solar and energy storage systems. The company was established in 2023 and has its headquarters situated in Cambridge, Massachusetts.
- Sector
- Utilities
- Industry
- Renewable Utilities
- CEO
- Scott L. Strazik