GE Vernova Inks Gas Turbine Supply and 14-Year Services Deals with Thailand's B.Grimm Power
GEV sits 65% above its 52-week low of $530.16.
Summary
GE Vernova signed two agreements with B.Grimm Power: a gas turbine supply for a new gas-fired plant in Perlis, Malaysia (delivery next year, commercial operation Q4 2029), and a 14-year services agreement covering five LM6000 packages at Bangkadi 1 and 2 in Thailand. This expands GE Vernova's Southeast Asia footprint and locks in long-term service revenue. The deals align with the company's strong order momentum—Q2 orders nearly doubled, driven by AI-related gas turbine demand. Watch for further regional data center-driven power deals as the company executes its raised 2026 guidance.
At the time of this announcement, GEV was trading at $873.15 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $233B. The 52-week trading range was $530.16 to $1,195.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.