Feb. 3 at 4:09 PM
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Xcel Energy to use GE Vernova gas, wind turbines in future projects
Feb 3, 2026, 5:56:54 PM
Article by Plamena Tisheva
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GE Vernova (NYSE:GEV) and Xcel Energy (NASDAQ:XEL) have signed a strategic alliance agreement to support the US utility's generation and grid projects well into the 2030s, the companies announced today.
Xcel Energy to use GE Vernova gas, wind turbines in future projects
GE Vernova's 6 MW onshore workhorse wind turbine. Image credit: GE Vernova.
Along with gas turbines, the alliance covers GE Vernova wind turbines for Xcel Energy’s renewable energy pipeline.
As part of the pact, Xcel Energy has entered into a reservation agreement for the purchase of five gas turbines. It has also completed a capacity reservation agreement for “multiple gigawatts” of wind projects using GE Vernova’s workhorse wind turbines. The two companies are in addition working on several grid equipment opportunities, building safe, reliable and affordable energy well into the future,"
