GE Vernova
31 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.
Customers
Vineyard Wind
earns fromnamed as a riskOur Offshore Wind business is subject to BSEE regulatory oversight and enforcement in connection with the Vineyard Wind offshore wind farm off the coast of Massachusetts.Business (Item 1)
Hyperscalers and data centers
earns fromnamed as a riskEngaging in new types of transaction structures or unique contractual relationships with nontraditional customers, such as hyperscalers, government departments focused on energy, or other first‑time counterparties, or with new contracting approaches adopted by traditional customers, may challenge our ability to effectively negotiate and manage our relationships.Risk factors (Item 1A)
Dogger Bank
earns fromFor Dogger Bank, we are the manufacturer and supplier of our Haliade-X.Business (Item 1)
Partners and platforms
General Electric Company (GE Aerospace)
depends onnamed as a riskWe use them under a Trademark License Agreement with GE, in combination with our Vernova trademark.Risk factors (Item 1A)
Hitachi, Ltd.
depends onNuclear Power - provides nuclear technology solutions for boiling water reactors including reactor design, reactor fuel and support services, and the design and development of small modular reactors through joint ventures with Hitachi, Ltd.Business (Item 1)
Also named by LRCX
Competitors
Siemens Energy
competes withKey Power segment competitors include Siemens Energy, Mitsubishi Power, Westinghouse, Framatome, and Rolls-Royce.Business (Item 1)
Also named by BKR
Mitsubishi Power
competes withKey Power segment competitors include Siemens Energy, Mitsubishi Power, Westinghouse, Framatome, and Rolls-Royce.Business (Item 1)
Vestas
competes withKey Wind segment competitors include Vestas, Siemens-Gamesa, Nordex, Envision, and Goldwind.Business (Item 1)
Hitachi Energy
competes withKey Electrification segment competitors include Hitachi Energy, Siemens Energy, Siemens, Schneider Electric, Mitsubishi Electric, and ABB.Business (Item 1)
Places
United States onshore wind market
concentrated in · approximately 60% of Onshore Wind's equipment RPOnamed as a riskThe U.S. market currently represents approximately 60% of Onshore Wind's equipment RPO.Business (Item 1)
Europe
operates in · approximately 24,000 employeesOur footprint is truly global with approximately 24,000 employees in Europe, 21,000 employees in the U.S., 19,000 employees in Asia, and 6,000 employees in Latin America.Business (Item 1)
Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more
Commodities and inputs
Natural gas
exposed to its pricenamed as a riskDemand for certain of our products, solutions, and services, particularly in our Power segment, depends on oil and gas regulatory policy, prices, and global and regional supply and demand, all of which are largely outside our control.Risk factors (Item 1A)
Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more
Euro
exposed to its pricenamed as a riskSuch principal currencies include the euro and British pound sterling.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
British pound sterling
exposed to its pricenamed as a riskSuch principal currencies include the euro and British pound sterling.Market risk (Item 7A)
Also named by AMG, BGC, BKNG, CBRE, CTRE, FCFS, FDS, FIS and 31 more
Semiconductor chips
depends onnamed as a riskCertain inputs are limited or sole-sourced, concentrated with a small number of suppliers, or primarily available from a single country, including semiconductor chips and critical materials (such as specialty metals and rare earths).Risk factors (Item 1A)
Rare earths and specialty metals
depends onnamed as a riskCertain inputs are limited or sole-sourced, concentrated with a small number of suppliers, or primarily available from a single country, including semiconductor chips and critical materials (such as specialty metals and rare earths).Risk factors (Item 1A)
Regulators
U.S. Nuclear Regulatory Commission (NRC)
subject tonamed as a riskFor example, our U.S. nuclear operations are regulated by the NRC; failure to obtain or renew NRC licenses could significantly disrupt our nuclear business.Risk factors (Item 1A)
Also named by AEE, AEP, BRK/B, BWXT, CAH, CDRE, CEG, CW and 20 more
U.S. Department of Energy
subject tonamed as a riskWe are subject to governmental safety-related requirements globally, including the U.S. Department of Energy and the NRC; noncompliance could lead to increased oversight, fines, or shutdowns.Risk factors (Item 1A)
Also named by AAON, AMRC, AOS, BWXT, CDE, CDRE, CEG, CLF and 16 more
U.S. Department of the Interior
subject tonamed as a riskOn December 22, 2025, the United States Department of Interior announced that it is pausing the leases for all large-scale offshore wind projects under construction in the United States, which had a direct impact on the Vineyard Wind project completion timeline.Business (Item 1)
SEC and FINRA (financial services regulation)
subject tonamed as a riskBroker-dealers are regulated by the SEC and FINRA under the Exchange Act and FINRA rules; investment advisers are regulated by the SEC under the Advisers Act.Risk factors (Item 1A)
Also named by CFG
U.S. Bureau of Safety and Environmental Enforcement (BSEE)
subject toOur Offshore Wind business is subject to BSEE regulatory oversight and enforcement in connection with the Vineyard Wind offshore wind farm off the coast of Massachusetts.Business (Item 1)
Also named by MUR
Canadian Nuclear Safety Commission
subject toIn the U.S., the U.S. Nuclear Regulatory Commission (NRC) oversees the licensing, permitting, and decommissioning of nuclear sites, and in Canada, the Canadian Nuclear Safety Commission regulates the use of nuclear energy and materials to protect health, safety, and the environment.Business (Item 1)
Also named by BWXT
UK Health and Safety Executive (HSE)
subject toOur Offshore Wind business is subject to HSE and MMO regulatory oversight and enforcement in connection with the Dogger Bank offshore wind farm off the coast of England.Business (Item 1)
UK Marine Management Organisation (MMO)
subject toThe Marine Management Organisation (MMO) oversees environmental issues affecting the offshore energy sector in the United Kingdom.Business (Item 1)
Laws and programs
U.S. tariffs
subject tonamed as a riskTo mitigate the impact of tariffs, we are diversifying our supply chains, increasing U.S. manufacturing capabilities, and engaging with policy makers and industry associations to advocate for more beneficial trade policies.Business (Item 1)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
Defense Production Act
subject tonamed as a riskThe U.S. federal government could invoke the Defense Production Act, requiring that we accept and prioritize contracts for materials deemed necessary for national defense, regardless of loss in revenue incurred on such contracts.Business (Item 1)
Also named by DHR
U.S. renewable energy production tax credits
subject tonamed as a riskThis market has seen various changes related to sector-specific tariffs and production tax credits, increasing short-term demand volatility.Business (Item 1)
GE Tax Matters Agreement
subject tonamed as a riskWe may be required to indemnify GE for taxes, interest, penalties, and related expenses that may result from any violation of these covenants.Risk factors (Item 1A)
EU REACH regulation
subject toThese regulations, such as the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation of the EU, include those governing chemicals and components used or generated by products or manufacturing processes, such as per/polyfluoroalkyl substances (PFAS), contained in components and products sourced in connection with manufacturing and services operations.Business (Item 1)
Technology
Small modular reactors (SMR)
named as a riskThese risks are heightened in our Nuclear Power business, which is constructing small modular reactors.Risk factors (Item 1A)
Also named by CW
Artificial intelligence infrastructure investment
earns fromnamed as a riskBecause we manufacture and sell products used in AI infrastructure, our performance and the market price of our common stock are frequently linked to AI investment trends and sector sentiment, which has resulted in, and may continue to result in, significant volatility.Risk factors (Item 1A)