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Stock impact report

DTEK and GE Vernova to develop wind power in Ukraine and EU [Yahoo! Finance]

GE Vernova Inc. (GEV) 
Company Research Source: Yahoo! Finance
The partnership, signed at the Ukraine Recovery Conference, will facilitate collaborative efforts in renewable energy and grid infrastructure enhancement. The MoU encompasses the exploration of modern solutions for upgrading Ukraine's electricity grid. The companies aim to improve supply reliability, reduce energy losses and establish a network that is adaptable to future energy demands. DTEK CEO Maxim Timchenko stated: “GE Vernova and DTEK have a strong history together and I am confident that today's agreement marks the start of a much broader relationship in Ukraine and across the EU – from grids and wind power to gas turbines and small modular reactors. “Together our two companies can play a pivotal role in the urgent task of restoring Ukraine's energy infrastructure today, while also creating a clean and resilient energy system for the future.” The latest agreement builds upon a history of successful joint ventures between DTEK and GE Vernova. Between 2018 and 2019, Show less Read more
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