In a corner of the American rustbelt, factory workers at GE’s former power business are betting a revival driven by the AI revolution will survive the global trade war and supply chain havoc unleashed by Donald Trump.
GE Vernova, formed a year ago after the conglomerate’s break-up, is investing nearly $600mn to expand its former headquarters in Schenectady, in New York state, and other sites to make equipment for gas-fired power plants and to help overhaul the US’s ageing electricity grid.
The strategy aligns with the Trump administration’s push to reshore manufacturing and break the US’s reliance on overseas supply chains — especially China.
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