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Released September 30, 2025 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Approaching the 18-month anniversary of their separate entries onto the New York Stock Exchange, marking the final split of the 132-year-strong General Electric Company, GE Aerospace (Cincinnati, Ohio) and GE Vernova (Cambridge, Massachusetts) are going strong, with both companies benefitting from robust demand and growth forecasts in their respective industrial spaces of aircraft components and power equipment.
GE Aerospace, still trading under the GE stock ticker, brought the share price to a record high earlier this month, an accomplishment not seen for the stock since 2000. GE Vernova, which manufactures turbines for power plants, is seeing orders pile in, particularly from U.S. gas-fired power developers, which are hoping to build new gas-fired plants in the U.S.' current fossil-fuel-friendly environment. Industrial Info is tracking more than $600 million in active U.S. capital projects for the two companies.
GE Aerospace
GE Aerospace is benefitting from aircraft engine demand from both the commercial and military sectors. The company dominates the engine market for narrow-body aircraft (with one aisle) and has a strong position in the wide-body market, which are represented by aircraft with at least a five-meter fuselage and two or more aisles.
Sales of the Leading Edge Aviation Propulsion (LEAP) engine, used in narrow-body aircraft, is rising rapidly with analysts expecting a 15% to 20% growth in the market this year. The company reported a 38% rise in LEAP shipments in the second quarter this year from the corresponding period of 2024. The engines are used by both Boeing (Seattle, Washington) and Airbus (Blagnac, France), both of which are after new aircraft, and GE Aerospace is preparing to continue growing LEAP production to meet those companies' fleet plans, expecting to ship 2,500 LEAP engines in 2028. While the company didn't give an exact figure for its second-quarter 2025 LEAP shipments, analysts at Argus estimate it shipped around 410 units in the second quarter.
One of the prime destinations for GE Aerospace's U.S. investments for engine manufacturing is its home state of Ohio. The company is just getting started on a series of upgrades at its narrow-body engine manufacturing plant in Beavercreek, outside Dayton, by installing new production machinery and equipment, which it expects to complete early next year. Construction already has begun for the upgrades of one of the company's engine-manufacturing facilities near Cincinnati in order to increase LEAP production. That project is expected to wind down later this year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can learn more by viewing the reports on the Beavercreek and Cincinnati projects.
But it's not only an increased number of engines GE Aerospace is after, but also an increase in parts production. A Reuters article from earlier this year stated that more than 70% of GE Vernova's commercial engines revenues come from parts and services, and until engine production can be ramped up enough to meet the strong demand climate, new aircraft are coming fewer and further between, and airlines are flying planes longer, resulting in increased maintenance and the need for replacement parts.
GE Aerospace manufactures engine parts at multiple plants throughout the U.S. and is investing in several of them throughout the U.S. Destinations include the company's facility in Auburn, Alabama, where it is investing more than $50 million, by adding new machines, 3D printers and tooling equipment to grow production. The project is expected to get started later this year, putting it on track for completion in the second half of 2026. Subscribers can click here to learn more about the project.
GE Vernova
All factors point to GE Vernova being in a strong market position as power demand increases rapidly both in the U.S. and abroad. While the company has a strong base in wind turbines and, with Hitachi (Tokyo, Japan) has developed a small modular reactor for down-sized nuclear generation, in the U.S. it's the demand for its gas turbines that is causing the most excitement and has, in fact, led to one of the company's largest current investments.
As data centers scale up, incorporating significant amounts of computing power to meet the latest demands of artificial intelligence, so is power demand in the U.S. Peak electricity demand in the U.S. broke records twice in July this year, according to the U.S. Energy Information Administration (EIA). Predictions vary by timescale and growth rate, but most factors are pointing toward an increased need for steady, reliable baseload power. Bank of America this summer predicted U.S. power demand will increase 2.5% annually through 2035, while McKinsey & Company expect 3.5% demand growth annually through 2040. The PJM Interconnection, the largest grid in the U.S, recently forecast the somewhat astonishing figure of 32 gigawatts (GW) of peak load growth from 2024 through 2030, with 30 GW coming from data centers.
With the second coming of the Trump administration, U.S. energy policy saw a sea-change from a renewables-friendly stance to one very supportive of fossil fuels. While the administration hasn't yet gone so far as to incentivize construction of new coal-fired plants (although it is keeping them open past their owners' wishes), new natural gas-fired plants have suddenly become all the talk, with major utilities rushing to obtain supply agreements from the three gas turbine manufacturers in the U.S., which include GE Vernova along with Mitsubishi (Tokyo) and Siemens (Munich, Germany).
In April, for example, Duke Energy (Charlotte, North Carolina) contracted with GE Vernova for the company to supply 11 of its flagship 7HA gas turbines, and in May, Oglethorpe Power (Tucker, Georgia) selected GE Vernova's H-Class combined-cycle turbines for a new 1,200-megawatt power plant expected to be completed in 2029 in Monroe County, Georgia. Subscribers to Industrial Info's GMI Power Project Database can learn more by viewing the project report.
To this end, then, the company is upgrading facilities across the U.S., with its largest investment going toward its main manufacturing plant in Greenville, South Carolina, where its approximately $160 million investment is expected to lead to increased production capacity of gas turbines in particular--enough to add 650 jobs at the plant by 2028. Subscribers can click here to view the project report. In addition to its own Greenville plant, in March GE Vernova completed the acquisition of Woodward Incorporated's (Fort Collins, Colorado) heavy-duty gas turbine combustion parts business, which also is based in Greenville. Industrial Info is tracking other planned or underway capital projects from GE Vernova in Florida, New York, Pennsylvania and Texas.
Some of these, like the project in Amarillo, Texas, aren't geared toward gas turbines, but toward other products. The Texas project is occurring at a plant that provides remanufacturing services for wind turbines, restoring them to nearly like-new condition by replacing components such as main shafts, generators and minor parts. The Amarillo project is expected to kick off later this year. Subscribers can learn more by viewing the project report. Such projects suggest that, although the U.S. gas turbine market is set for explosive growth, the existing market for renewable systems is still present, albeit taking less prominence at the moment, but indicating that should another radical shift in U.S. energy policy occur, GE Vernova will be in a position to weather the storm.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
GE Aerospace, still trading under the GE stock ticker, brought the share price to a record high earlier this month, an accomplishment not seen for the stock since 2000. GE Vernova, which manufactures turbines for power plants, is seeing orders pile in, particularly from U.S. gas-fired power developers, which are hoping to build new gas-fired plants in the U.S.' current fossil-fuel-friendly environment. Industrial Info is tracking more than $600 million in active U.S. capital projects for the two companies.
GE Aerospace
GE Aerospace is benefitting from aircraft engine demand from both the commercial and military sectors. The company dominates the engine market for narrow-body aircraft (with one aisle) and has a strong position in the wide-body market, which are represented by aircraft with at least a five-meter fuselage and two or more aisles.
Sales of the Leading Edge Aviation Propulsion (LEAP) engine, used in narrow-body aircraft, is rising rapidly with analysts expecting a 15% to 20% growth in the market this year. The company reported a 38% rise in LEAP shipments in the second quarter this year from the corresponding period of 2024. The engines are used by both Boeing (Seattle, Washington) and Airbus (Blagnac, France), both of which are after new aircraft, and GE Aerospace is preparing to continue growing LEAP production to meet those companies' fleet plans, expecting to ship 2,500 LEAP engines in 2028. While the company didn't give an exact figure for its second-quarter 2025 LEAP shipments, analysts at Argus estimate it shipped around 410 units in the second quarter.
One of the prime destinations for GE Aerospace's U.S. investments for engine manufacturing is its home state of Ohio. The company is just getting started on a series of upgrades at its narrow-body engine manufacturing plant in Beavercreek, outside Dayton, by installing new production machinery and equipment, which it expects to complete early next year. Construction already has begun for the upgrades of one of the company's engine-manufacturing facilities near Cincinnati in order to increase LEAP production. That project is expected to wind down later this year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can learn more by viewing the reports on the Beavercreek and Cincinnati projects.
But it's not only an increased number of engines GE Aerospace is after, but also an increase in parts production. A Reuters article from earlier this year stated that more than 70% of GE Vernova's commercial engines revenues come from parts and services, and until engine production can be ramped up enough to meet the strong demand climate, new aircraft are coming fewer and further between, and airlines are flying planes longer, resulting in increased maintenance and the need for replacement parts.
GE Aerospace manufactures engine parts at multiple plants throughout the U.S. and is investing in several of them throughout the U.S. Destinations include the company's facility in Auburn, Alabama, where it is investing more than $50 million, by adding new machines, 3D printers and tooling equipment to grow production. The project is expected to get started later this year, putting it on track for completion in the second half of 2026. Subscribers can click here to learn more about the project.
GE Vernova
All factors point to GE Vernova being in a strong market position as power demand increases rapidly both in the U.S. and abroad. While the company has a strong base in wind turbines and, with Hitachi (Tokyo, Japan) has developed a small modular reactor for down-sized nuclear generation, in the U.S. it's the demand for its gas turbines that is causing the most excitement and has, in fact, led to one of the company's largest current investments.
As data centers scale up, incorporating significant amounts of computing power to meet the latest demands of artificial intelligence, so is power demand in the U.S. Peak electricity demand in the U.S. broke records twice in July this year, according to the U.S. Energy Information Administration (EIA). Predictions vary by timescale and growth rate, but most factors are pointing toward an increased need for steady, reliable baseload power. Bank of America this summer predicted U.S. power demand will increase 2.5% annually through 2035, while McKinsey & Company expect 3.5% demand growth annually through 2040. The PJM Interconnection, the largest grid in the U.S, recently forecast the somewhat astonishing figure of 32 gigawatts (GW) of peak load growth from 2024 through 2030, with 30 GW coming from data centers.
With the second coming of the Trump administration, U.S. energy policy saw a sea-change from a renewables-friendly stance to one very supportive of fossil fuels. While the administration hasn't yet gone so far as to incentivize construction of new coal-fired plants (although it is keeping them open past their owners' wishes), new natural gas-fired plants have suddenly become all the talk, with major utilities rushing to obtain supply agreements from the three gas turbine manufacturers in the U.S., which include GE Vernova along with Mitsubishi (Tokyo) and Siemens (Munich, Germany).
In April, for example, Duke Energy (Charlotte, North Carolina) contracted with GE Vernova for the company to supply 11 of its flagship 7HA gas turbines, and in May, Oglethorpe Power (Tucker, Georgia) selected GE Vernova's H-Class combined-cycle turbines for a new 1,200-megawatt power plant expected to be completed in 2029 in Monroe County, Georgia. Subscribers to Industrial Info's GMI Power Project Database can learn more by viewing the project report.
To this end, then, the company is upgrading facilities across the U.S., with its largest investment going toward its main manufacturing plant in Greenville, South Carolina, where its approximately $160 million investment is expected to lead to increased production capacity of gas turbines in particular--enough to add 650 jobs at the plant by 2028. Subscribers can click here to view the project report. In addition to its own Greenville plant, in March GE Vernova completed the acquisition of Woodward Incorporated's (Fort Collins, Colorado) heavy-duty gas turbine combustion parts business, which also is based in Greenville. Industrial Info is tracking other planned or underway capital projects from GE Vernova in Florida, New York, Pennsylvania and Texas.
Some of these, like the project in Amarillo, Texas, aren't geared toward gas turbines, but toward other products. The Texas project is occurring at a plant that provides remanufacturing services for wind turbines, restoring them to nearly like-new condition by replacing components such as main shafts, generators and minor parts. The Amarillo project is expected to kick off later this year. Subscribers can learn more by viewing the project report. Such projects suggest that, although the U.S. gas turbine market is set for explosive growth, the existing market for renewable systems is still present, albeit taking less prominence at the moment, but indicating that should another radical shift in U.S. energy policy occur, GE Vernova will be in a position to weather the storm.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
