GE Vernova (GEV) Partners with Verizon for Grid Modernization Platform

GE Vernova Inc. (NYSE:GEV) is one of the stocks to buy according to billionaire Ray Dalio’s Bridgewater Associates. On October 3, Verizon announced a partnership with GE Vernova Inc. (NYSE:GEV) to deliver a grid modernization platform. GE Vernova’s MDS Orbit industrial wireless platform is now available on Verizon’s network, and it will offer utility companies a secure and resilient communications backbone to modernize grid operations. Verizon’s cellular technology will power the platform, enabling it to support applications such as supervisory control and data acquisition (SCADA), grid automation, and workforce mobility.

By integrating with Verizon, GE Vernova customers receive a flexible solution that supports digital transformation and the shift toward more sustainable, resilient energy infrastructure.​ The combined offering has one key goal: to help utilities accelerate their transition toward cleaner energy delivery, increase reliability, and meet expanding demands for automation and remote control systems.​

This development builds upon a longstanding, strategic partnership between GE Vernova and Verizon. It merges GE Vernova’s deep industrial expertise with Verizon’s strength in wireless networking.​

GE Vernova Inc. (NYSE:GEV) is a global energy company. Formed as a spin-off from General Electric in 2024, it focuses on electrification and decarbonization technologies through its Power, Wind, and Electrification segments. The company’s portfolio includes gas turbines and onshore and offshore wind turbines.

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Disclosure: None. This article is originally published at Insider Monkey.