Risk Sleuth
GEV · 10-K filed 29 Jan 2026 · year to 31 Dec 2025

GE Vernova

31 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Vineyard Wind

earns fromnamed as a risk
Our Offshore Wind business is subject to BSEE regulatory oversight and enforcement in connection with the Vineyard Wind offshore wind farm off the coast of Massachusetts.Business (Item 1)

Hyperscalers and data centers

earns fromnamed as a risk
Engaging in new types of transaction structures or unique contractual relationships with nontraditional customers, such as hyperscalers, government departments focused on energy, or other first‑time counterparties, or with new contracting approaches adopted by traditional customers, may challenge our ability to effectively negotiate and manage our relationships.Risk factors (Item 1A)

Dogger Bank

earns from
For Dogger Bank, we are the manufacturer and supplier of our Haliade-X.Business (Item 1)

Partners and platforms

General Electric Company (GE Aerospace)

depends onnamed as a risk
We use them under a Trademark License Agreement with GE, in combination with our Vernova trademark.Risk factors (Item 1A)

Hitachi, Ltd.

depends on
Nuclear Power - provides nuclear technology solutions for boiling water reactors including reactor design, reactor fuel and support services, and the design and development of small modular reactors through joint ventures with Hitachi, Ltd.Business (Item 1)

Also named by LRCX

Competitors

Siemens Energy

competes with
Key Power segment competitors include Siemens Energy, Mitsubishi Power, Westinghouse, Framatome, and Rolls-Royce.Business (Item 1)

Also named by BKR

Mitsubishi Power

competes with
Key Power segment competitors include Siemens Energy, Mitsubishi Power, Westinghouse, Framatome, and Rolls-Royce.Business (Item 1)

Vestas

competes with
Key Wind segment competitors include Vestas, Siemens-Gamesa, Nordex, Envision, and Goldwind.Business (Item 1)

Hitachi Energy

competes with
Key Electrification segment competitors include Hitachi Energy, Siemens Energy, Siemens, Schneider Electric, Mitsubishi Electric, and ABB.Business (Item 1)

Places

United States onshore wind market

concentrated in · approximately 60% of Onshore Wind's equipment RPOnamed as a risk
The U.S. market currently represents approximately 60% of Onshore Wind's equipment RPO.Business (Item 1)

Europe

operates in · approximately 24,000 employees
Our footprint is truly global with approximately 24,000 employees in Europe, 21,000 employees in the U.S., 19,000 employees in Asia, and 6,000 employees in Latin America.Business (Item 1)

Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more

Commodities and inputs

Natural gas

exposed to its pricenamed as a risk
Demand for certain of our products, solutions, and services, particularly in our Power segment, depends on oil and gas regulatory policy, prices, and global and regional supply and demand, all of which are largely outside our control.Risk factors (Item 1A)

Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more

Euro

exposed to its pricenamed as a risk
Such principal currencies include the euro and British pound sterling.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

British pound sterling

exposed to its pricenamed as a risk
Such principal currencies include the euro and British pound sterling.Market risk (Item 7A)

Also named by AMG, BGC, BKNG, CBRE, CTRE, FCFS, FDS, FIS and 31 more

Semiconductor chips

depends onnamed as a risk
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 (such as specialty metals and rare earths).Risk factors (Item 1A)

Also named by AME, BWA, CTOS, CVLG, EQIX, RBRK, RMD, THO

Rare earths and specialty metals

depends onnamed as a risk
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 (such as specialty metals and rare earths).Risk factors (Item 1A)

Regulators

U.S. Nuclear Regulatory Commission (NRC)

subject tonamed as a risk
For example, our U.S. nuclear operations are regulated by the NRC; failure to obtain or renew NRC licenses could significantly disrupt our nuclear business.Risk factors (Item 1A)

Also named by AEE, AEP, BRK/B, BWXT, CAH, CDRE, CEG, CW and 20 more

U.S. Department of Energy

subject tonamed as a risk
We are subject to governmental safety-related requirements globally, including the U.S. Department of Energy and the NRC; noncompliance could lead to increased oversight, fines, or shutdowns.Risk factors (Item 1A)

Also named by AAON, AMRC, AOS, BWXT, CDE, CDRE, CEG, CLF and 16 more

U.S. Department of the Interior

subject tonamed as a risk
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.Business (Item 1)

Also named by CHRD, DVN, NXT

SEC and FINRA (financial services regulation)

subject tonamed as a risk
Broker-dealers are regulated by the SEC and FINRA under the Exchange Act and FINRA rules; investment advisers are regulated by the SEC under the Advisers Act.Risk factors (Item 1A)

Also named by CFG

U.S. Bureau of Safety and Environmental Enforcement (BSEE)

subject to
Our Offshore Wind business is subject to BSEE regulatory oversight and enforcement in connection with the Vineyard Wind offshore wind farm off the coast of Massachusetts.Business (Item 1)

Also named by MUR

Canadian Nuclear Safety Commission

subject to
In the U.S., the U.S. Nuclear Regulatory Commission (NRC) oversees the licensing, permitting, and decommissioning of nuclear sites, and in Canada, the Canadian Nuclear Safety Commission regulates the use of nuclear energy and materials to protect health, safety, and the environment.Business (Item 1)

Also named by BWXT

UK Health and Safety Executive (HSE)

subject to
Our Offshore Wind business is subject to HSE and MMO regulatory oversight and enforcement in connection with the Dogger Bank offshore wind farm off the coast of England.Business (Item 1)

UK Marine Management Organisation (MMO)

subject to
The Marine Management Organisation (MMO) oversees environmental issues affecting the offshore energy sector in the United Kingdom.Business (Item 1)

Laws and programs

U.S. tariffs

subject tonamed as a risk
To mitigate the impact of tariffs, we are diversifying our supply chains, increasing U.S. manufacturing capabilities, and engaging with policy makers and industry associations to advocate for more beneficial trade policies.Business (Item 1)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

Defense Production Act

subject tonamed as a risk
The U.S. federal government could invoke the Defense Production Act, requiring that we accept and prioritize contracts for materials deemed necessary for national defense, regardless of loss in revenue incurred on such contracts.Business (Item 1)

Also named by DHR

U.S. renewable energy production tax credits

subject tonamed as a risk
This market has seen various changes related to sector-specific tariffs and production tax credits, increasing short-term demand volatility.Business (Item 1)

GE Tax Matters Agreement

subject tonamed as a risk
We may be required to indemnify GE for taxes, interest, penalties, and related expenses that may result from any violation of these covenants.Risk factors (Item 1A)

EU REACH regulation

subject to
These regulations, such as the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation of the EU, include those governing chemicals and components used or generated by products or manufacturing processes, such as per/polyfluoroalkyl substances (PFAS), contained in components and products sourced in connection with manufacturing and services operations.Business (Item 1)

Also named by ECL, IDXX, VRT

Technology

Small modular reactors (SMR)

named as a risk
These risks are heightened in our Nuclear Power business, which is constructing small modular reactors.Risk factors (Item 1A)

Also named by CW

Artificial intelligence infrastructure investment

earns fromnamed as a risk
Because we manufacture and sell products used in AI infrastructure, our performance and the market price of our common stock are frequently linked to AI investment trends and sector sentiment, which has resulted in, and may continue to result in, significant volatility.Risk factors (Item 1A)