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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Pay vs Performance Disclosure  
Pay vs Performance Disclosure, Table
Year
(a)
Summary
Compensation
Table Total
for PEO(1)
(b)
Compensation
Actually Paid
to PEO(2)
(c)
Average
Summary
Compensation
Table Total for
Non-PEO Named
Executive
Officers(1)
(d)
Average
Compensation
Actually Paid to
Non-PEO
Named Executive
Officers(2)
(e)
Value of Initial Fixed $100
Investment Based on:
Net
Income
(h)
Adjusted EBITDA*(4)
(i)
Total
Shareholder
Return
(f)
Peer Group
Total
Shareholder
Return(3)
(g)
2024
$24,326,338 $93,739,301 $8,374,408 $26,111,218 $235 $107 
$1,558,985,542
$2,035,409,899
Company Selected Measure Name Adjusted EBITDA is
Named Executive Officers, Footnote For 2024, the PEO was Scott Strazik and the Other NEOs were Ken Parks, Rachel Gonzalez, Mavi Zingoni and Jessica Uhl.
Peer Group Issuers, Footnote As permitted by SEC rules, the peer group referenced for purposes of “Peer group total shareholder return” is that of the S&P 500 Industrials Index, which is the industry index reported in our Annual Report on Form 10‑K for 2024 in accordance with Regulation S‑K Item 201(e). For GE Vernova Inc. and our peer group, the TSR for each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on the Spin-Off date.
PEO Total Compensation Amount $ 24,326,338
PEO Actually Paid Compensation Amount $ 93,739,301
Adjustment To PEO Compensation, Footnote The following table describes the adjustments, each of which is prescribed by SEC rule, to calculate the CAP Amounts from the SCT Amounts. The SCT Amounts and the CAP Amounts do not reflect the actual amount of compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402 of Regulation S-K under the Exchange Act.

2024
PEO
Average of
Non-PEO
NEOs*
Total Reported in Summary Compensation Table (SCT)
$24,326,338 $8,374,408 
Less, value of stock awards and option awards reported in SCT
(19,481,998)(5,876,433)
Add, year-end fair value of awards granted in the year that were unvested and outstanding at year end
47,323,400 14,356,008 
Add, year-over-year change in fair value of prior year awards that were outstanding and unvested at year end
24,443,220 7,776,248 
Add, vesting date fair value of awards granted and vested during the year
— — 
Add, change in fair value as of vesting date (from prior year-end) of prior year awards that vested during the year
17,072,326 1,480,987 
Less, fair value at prior year-end of prior year awards that failed to vest during the year     -      -
— — 
Less: aggregate change in actuarial present value included in SCT amounts for the covered fiscal year
(48,985)— 
Add: service cost for the covered fiscal year
105,000 — 
Add: prior service cost for the covered fiscal year
— — 
Total Adjustments
69,412,96317,736,810
CAP Amounts (as calculated)
$93,739,301 $26,111,218 
*    Amounts presented are averages for the entire group of Other NEOs in each respective year.
Valuation assumptions and methodology used to calculate fair values did not materially differ from those used to calculate fair values at the time of grant as reflected in the SCT Amounts. The Black-Scholes values as of the applicable year-end or vest dates used (a) the closing price as of the revaluation date as the current market price and (b) an adjusted expected life, given applicable time lapsed since grant date.
Non-PEO NEO Average Total Compensation Amount $ 8,374,408
Non-PEO NEO Average Compensation Actually Paid Amount $ 26,111,218
Adjustment to Non-PEO NEO Compensation Footnote The following table describes the adjustments, each of which is prescribed by SEC rule, to calculate the CAP Amounts from the SCT Amounts. The SCT Amounts and the CAP Amounts do not reflect the actual amount of compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402 of Regulation S-K under the Exchange Act.

2024
PEO
Average of
Non-PEO
NEOs*
Total Reported in Summary Compensation Table (SCT)
$24,326,338 $8,374,408 
Less, value of stock awards and option awards reported in SCT
(19,481,998)(5,876,433)
Add, year-end fair value of awards granted in the year that were unvested and outstanding at year end
47,323,400 14,356,008 
Add, year-over-year change in fair value of prior year awards that were outstanding and unvested at year end
24,443,220 7,776,248 
Add, vesting date fair value of awards granted and vested during the year
— — 
Add, change in fair value as of vesting date (from prior year-end) of prior year awards that vested during the year
17,072,326 1,480,987 
Less, fair value at prior year-end of prior year awards that failed to vest during the year     -      -
— — 
Less: aggregate change in actuarial present value included in SCT amounts for the covered fiscal year
(48,985)— 
Add: service cost for the covered fiscal year
105,000 — 
Add: prior service cost for the covered fiscal year
— — 
Total Adjustments
69,412,96317,736,810
CAP Amounts (as calculated)
$93,739,301 $26,111,218 
*    Amounts presented are averages for the entire group of Other NEOs in each respective year.
Valuation assumptions and methodology used to calculate fair values did not materially differ from those used to calculate fair values at the time of grant as reflected in the SCT Amounts. The Black-Scholes values as of the applicable year-end or vest dates used (a) the closing price as of the revaluation date as the current market price and (b) an adjusted expected life, given applicable time lapsed since grant date.
Compensation Actually Paid vs. Total Shareholder Return
The following charts show graphically the relationships over the past year of the CAP Amounts for our PEO and Other NEOs as compared to our cumulative total shareholder return (TSR), net income and Adjusted EBITDA*, as well as the relationship between TSR and Peer Group TSR.

**    Non-GAAP financial measure. See Appendix for additional information.
We consider our compensation to be generally aligned with both TSR and the performance of Net Income and Adjusted EBITDA*. Secondly, our TSR outperformed the peer group’s in 2024, as illustrated in the chart below. As discussed in the CD&A, the majority of each NEO’s compensation is in the form of equity, creating alignment between compensation outcomes and stock price performance. Our focus on equity compensation provides NEOs the opportunity to participate in stock price gains (or losses), which creates shareholder alignment, promotes retention, and encourages long-term stewardship of the Company. In terms of alignment with financial performance, Adjusted EBITDA* appears as a metric in both our AEIP and LTI plan, meaning its result has a direct impact on both short- and long-term compensation outcomes. Net Income is similarly impactful, being a key measure of profitability. As illustrated in the charts below, both metrics increased over 2024.
*    Non-GAAP financial measure. See Appendix for additional information.
Compensation Actually Paid v. TSR
16492674435237
Legend green.jpg 
Compensation Actually Paid to PEO
Legend light green.jpg 
Compensation Actually Paid to non-PEO NEOs
03_PRO013252_charts_legend_2.jpg 
Company TSR
03_PRO013252_charts_legend_1.jpg 
Peer Group TSR
Compensation Actually Paid vs. Net Income
Compensation Actually Paid v. Net Income
16492674435240
Legend green.jpg 
Compensation Actually Paid to PEO
Legend light green.jpg 
Compensation Actually Paid to non-PEO NEOs
03_PRO013252_charts_legend_2.jpg 
Net Income
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid v. Adjusted EBITDA*
16492674435243
Legend green.jpg 
Compensation Actually Paid to PEO
Legend light green.jpg 
Compensation Actually Paid to non-PEO NEOs
03_PRO013252_charts_legend_2.jpg 
Adj. EBITDA

*    Non-GAAP financial measure. See Appendix for additional information.
Tabular List, Table
The following table lists the three financial performance measures that, in our assessment, represent the most important performance measures we use to link the CAP Amounts for our named executive officers for 2024 (our most recently completed fiscal year), to company performance. Of these measures, we have identified Adjusted EBITDA* as the most important of our financial performance measures (that is not already required to be disclosed in the pay versus performance table above) used to link CAP Amounts for our executives for 2024 to company performance.
Adjusted EBITDA**
Free Cash Flow**
Organic Revenue** Growth
Total Shareholder Return Amount $ 235
Peer Group Total Shareholder Return Amount 107
Net Income (Loss) $ 1,558,985,542
Company Selected Measure Amount 2,035,409,899
PEO Name Scott Strazik
Additional 402(v) Disclosure Non-GAAP financial measure. See Appendix for additional information.Adjusted EBITDA is a non-GAAP financial measure. See the Appendix for additional information about this non-GAAP financial measures.
Measure:: 1  
Pay vs Performance Disclosure  
Name Adjusted EBITDA**
Measure:: 2  
Pay vs Performance Disclosure  
Name Free Cash Flow**
Measure:: 3  
Pay vs Performance Disclosure  
Name Organic Revenue** Growth
PEO  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount $ 69,412,963
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount (48,985)
PEO | Pension Adjustments Service Cost  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 105,000
PEO | Pension Adjustments Prior Service Cost  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 0
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount (19,481,998)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 47,323,400
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 24,443,220
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 17,072,326
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 0
Non-PEO NEO  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 17,736,810
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 0
Non-PEO NEO | Pension Adjustments Service Cost  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 0
Non-PEO NEO | Pension Adjustments Prior Service Cost  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount (5,876,433)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 14,356,008
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 7,776,248
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount 1,480,987
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount $ 0