By Jared Mitovich
WASHINGTON-GE Vernova hopes to invest in geopolitical hot spots such as Venezuela, Iran and Ukraine, its chief executive said Wednesday.
The energy company, formed in 2024 after the breakup of General Electric, has provided mobile power and substation work in Ukraine and would "most definitely" do the same in the Middle East, CEO Scott Strazik said at a conference in Washington. GE Vernova has sent teams to Venezuela in the last few months and is "highly motivated with the work and the opportunity" there, Strazik added.
Strazik said war in the Middle East points to the need for countries to pursue energy independence and make sure they have options in the event of geopolitical turmoil. "Through a crisis like Ukraine or what we're experiencing in the Middle East right now, it makes it that much more clear that energy security is national security," he said.
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(END) Dow Jones Newswires
April 15, 2026 14:45 ET (18:45 GMT)
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