Why Is GE Vernova (GEV) Tied To 16 Off Grid Power Units?

GE Vernova (NYSE:GEV) entered multi-year frame agreements with Venture Global and Baker Hughes to supply major power equipment. The contracts cover up to 16 large power island units plus transformer gear for Venture Global's behind-the-meter industrial power network. The power buildout is intended to support both LNG facilities and planned AI-focused data centers without drawing on public electricity grids. The Venture Global agreements for up to 16 power island units and transformers...