GE Vernova Inc. (NYSE:GEV) is one of the 10 Best Industrial Stocks Benefiting from the Data Center Boom. On May 5, GE Vernova and Blue Energy announced their collaboration for the design and development of a 2.5 GW nuclear and natural gas plant in Texas.Argus Backs GE Vernova (GEV) on Electrification and Decarbonization Trends

Under the partnership, the nuclear power plant will be designed and developed using GE Vernova Hitachi Nuclear Energy’s (GVH) BWRX-300 small modular reactor (SMR) at Blue Energy’s first planned site in Texas, which is still subject to a final investment decision in 2027. The companies said they have signed a slot reservation agreement for site delivery in 2029 of two GE Vernova 7HA.02 gas turbines for early site energization.

GE Vernova Power Segment CEO Eric Gray expressed optimism for the collaboration with Blue Energy. He added:

“Combining our industry-leading HA gas turbines with the BWRX-300, the only small modular nuclear reactor under construction in the Western world today, provides an effective solution aimed to meet the demands of rapid AI expansion in the United States while decreasing time to power. Our collaboration with Blue Energy on this project exemplifies the innovative approaches required to help deliver the scale of electricity needed for this extraordinary demand.”

Based on 39 analyst ratings compiled by CNN, GE Vernova has an average price target of $1,250, a 20.17% upside from the current price of $1,040.15.

GE Vernova Inc. (NYSE:GEV) is a global energy company. It operates segments such as Power, Wind, and Electrification segments and is supported by its accelerator businesses.

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