{
  "slug": "ge-vernova-inc",
  "symbol": "GEV",
  "name": "GE Vernova LLC",
  "fiscalYearEnd": "2025-12-31",
  "filing": {
    "accession": "0001996810-26-000015",
    "form": "10-K",
    "filed": "2026-01-29",
    "url": "https://www.sec.gov/Archives/edgar/data/1996810/000199681026000015/gev-20251231.htm"
  },
  "model": "claude-haiku-5-5",
  "promptVersion": "2026-10-31.2",
  "generatedAt": "2026-10-31T20:12:42.609133+00:00",
  "segments": null,
  "sections": {
    "businessModel": [
      {
        "de": "Gas Power bietet eine breite Palette an Gasturbinen für Energieversorger, unabhängige Stromerzeuger und Industrie, von kleinen mobilen Anlagen bis zu Großkraftwerken.",
        "en": "Gas Power offers a wide range of gas turbines for utilities, independent power producers and industry, from small mobile units to utility-scale plants.",
        "quote": "Gas Power - offers a wide spectrum of heavy-duty and aeroderivative gas turbines for utilities, independent power producers, and numerous industrial applications, ranging from small, mobile power to utility scale power plants."
      },
      {
        "de": "Gas Power bietet außerdem Wartung und Service für ganze Anlagen über deren Betriebsdauer.",
        "en": "Gas Power also provides maintenance and service for whole plants over their operating life.",
        "quote": "Gas Power also delivers maintenance and service solutions across total plant assets and over their operational lifecycle."
      },
      {
        "de": "Offshore Wind stellt Technik für Offshore-Windkraft bereit und entwickelt Windparks für den Offshore-Windsektor.",
        "en": "Offshore Wind provides offshore wind power technologies and develops wind farms for the offshore wind sector.",
        "quote": "Offshore Wind - provides offshore wind power technologies and wind farm development for the offshore wind power sector."
      },
      {
        "de": "LM Wind Power entwirft, fertigt und prüft Rotorblätter für Windturbinen.",
        "en": "LM Wind Power designs, produces and tests wind turbine blades.",
        "quote": "LM Wind Power - designs, produces, and tests wind turbine blades."
      },
      {
        "de": "Grid Solutions hilft Energieversorgern und Industrie, Strom von der Erzeugung bis zum Verbrauch zu steuern.",
        "en": "Grid Solutions helps power utilities and industries manage electricity from generation to use.",
        "quote": "Grid Solutions - enables power utilities and industries worldwide to effectively manage electricity from the point of generation to consumption, helping improve the reliability, efficiency, and stability of the grid."
      }
    ],
    "customers": [
      {
        "de": "Das Segment Power beliefert Kunden aus der Stromerzeugung, der Industrie, der öffentlichen Hand und weitere Kunden weltweit mit Produkten und Dienstleistungen für die Energieerzeugung.",
        "en": "The Power segment serves power generation, industrial, government and other customers worldwide with products and services for energy production.",
        "quote": "Our Power segment serves power generation, industrial, government, and other customers worldwide with products and services related to energy production."
      },
      {
        "de": "Viele Verkäufe des Unternehmens gehen an US-amerikanische oder ausländische Regierungen, regulierte Unternehmen wie öffentliche Versorger, staatseigene Unternehmen und andere Kunden im öffentlichen Sektor.",
        "en": "Many of the company's sales go to U.S. or foreign governments, regulated entities such as public utilities, state-owned companies and other public sector customers.",
        "quote": "Many of our sales are made to U.S. or foreign governments, regulated entities such as public utilities, state-owned companies, and other public sector customers."
      }
    ],
    "competition": [
      {
        "de": "Genannte Wettbewerber im Segment Power sind Siemens Energy, Mitsubishi Power, Westinghouse, Framatome und Rolls-Royce.",
        "en": "Named competitors in the Power segment include Siemens Energy, Mitsubishi Power, Westinghouse, Framatome and Rolls-Royce.",
        "quote": "Key Power segment competitors include Siemens Energy, Mitsubishi Power, Westinghouse, Framatome, and Rolls-Royce."
      },
      {
        "de": "Genannte Wettbewerber im Segment Electrification sind Hitachi Energy, Siemens Energy, Siemens, Schneider Electric, Mitsubishi Electric und ABB.",
        "en": "Named competitors in the Electrification segment include Hitachi Energy, Siemens Energy, Siemens, Schneider Electric, Mitsubishi Electric and ABB.",
        "quote": "Key Electrification segment competitors include Hitachi Energy, Siemens Energy, Siemens, Schneider Electric, Mitsubishi Electric, and ABB."
      },
      {
        "de": "Einige Wettbewerber werden staatlich gefördert, was ihnen einen Vorteil verschaffen kann, etwa durch Zugang zu mehr Ressourcen.",
        "en": "Some competitors are government-sponsored, which may give them an advantage, such as access to more resources.",
        "quote": "Some competitors are government-sponsored, which may provide them with an advantage over us, such as access to more resources."
      }
    ],
    "risks": [
      {
        "de": "Garantie- und Qualitätskosten waren bisher und können künftig einen bedeutenden Teil der Aufwendungen des Unternehmens ausmachen.",
        "en": "Warranty and quality-related costs have been, and may in the future be, a meaningful part of the company's expenses.",
        "quote": "Warranty and quality-related costs have represented, and may in the future represent, a meaningful portion of our expenses."
      },
      {
        "de": "Bestimmte Vorprodukte sind begrenzt oder nur von einem Lieferanten beziehbar, bei wenigen Lieferanten konzentriert oder hauptsächlich aus einem einzigen Land verfügbar, darunter Halbleiterchips und kritische Materialien.",
        "en": "Certain inputs are limited or sole-sourced, concentrated with a few suppliers, or mainly available from a single country, including semiconductor chips and critical materials.",
        "quote": "Certain 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."
      },
      {
        "de": "Etwa 60 Prozent der vertraglich zugesagten Anlagenaufträge (RPO) im Onshore-Wind stammen aus dem US-Markt. Dieser Markt hat verschiedene Änderungen bei branchenspezifischen Zöllen und Produktionssteuergutschriften erlebt, was kurzfristige Nachfrageschwankungen verstärkt.",
        "en": "Approximately 60% of Onshore Wind's contracted equipment orders (RPO) come from the U.S. market. That market has seen various changes in industry tariffs and production tax credits, which increases short-term demand swings.",
        "quote": "The U.S. market currently represents approximately 60% of Onshore Wind's equipment RPO. This market has seen various changes related to sector-specific tariffs and production tax credits, increasing short-term demand volatility."
      },
      {
        "de": "Am 22. Dezember 2025 kündigte das US-Innenministerium an, Pachtverträge für alle großen Offshore-Windprojekte im Bau in den USA auszusetzen. Diese Aussetzung beeinflusste den Fertigstellungszeitplan des Projekts Vineyard Wind direkt.",
        "en": "On December 22, 2025, the U.S. Department of the Interior said it is pausing leases for all large-scale offshore wind projects under construction in the U.S. That pause directly affected the Vineyard Wind completion timeline.",
        "quote": "On 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."
      }
    ]
  }
}