If you want to understand how artificial intelligence is reshaping the electricity industry, look no further than GE Vernova.
The Massachusetts-based company makes turbines and grid equipment for utilities. But increasingly it is also selling its products directly to technology firms racing to plug in new data centers.
That trend was on display today when GE Vernova reported its quarterly financial earnings. The company’s electrification division, which makes grid equipment such as inverters and transformers, booked $400 million in orders from tech firms in the third quarter alone.
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