AI Boom Changing GE Vernova's Customer Mix, CEO Says

Summary

GE Vernova CEO Scott Strazik speaks at the 2026 World Economic Forum in Davos about surging demand for gas power, a changing customer mix toward AI hyperscalers, and the company's nuclear and wind businesses. He says GE Vernova is sold out through 2028, with its gas turbine backlog nearly doubling, while wind remains the softest segment and SMR commercial discussions accelerate.

• GE Vernova's gas turbine backlog nearly doubled from 46 GW to about 80 GW over 2025 and is expected to grow further.
• The company is sold out through 2028 and is investing in U.S. manufacturing capacity.
• AI hyperscalers are becoming direct customers, potentially reaching 25% of the order book in 2026.
• Nuclear momentum is rising, with more commercial discussions for GE Vernova's 300 MW small modular reactor.
• Wind remains the softest business due to a complicated policy environment.
• Management expects long-term electricity demand to be diverse and resilient, requiring local supply chains.
• The interview also touches on political and geopolitical topics from Davos, including Venezuela and Greenland.