NYSE:GEVElectrical
Should Hadera 2 Turbine Deal Shape How GE Vernova (GEV) Investors View Its Power Backlog?
In early March 2026, OPC Energy announced an agreement with GE Vernova to supply gas and steam turbines, auxiliary systems, and long-term maintenance for the Hadera 2 natural gas-fired power plant, with payments to GE Vernova expected to represent about 20% of the project’s total cost.
This Hadera 2 contract adds to GE Vernova’s very large power-equipment backlog tied to rising electricity demand from data centers and electrification, reinforcing the company’s role in enabling grid...