GE Vernova Inc. (GEV), an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts, Wednesday

The energy manufacturing company that focuses on power, wind and electrification, said the investments are expected to create around 1,500 new jobs. GE Vernova intends to invest almost $300 million in support of its Gas Power business and build-out of capacity incremental heavy duty gas turbines in S.

GE Vernova (NYSE:GEV) +0.8% pre-market Wednesday after unveiling plans to spend nearly $600M over two years in U.S. factories and facilities, part of a larger $9B global capital spending and R&D investment plan through 2028 announced at the company's investor update in December.

America’s leading energy manufacturing company, is planning to invest nearly $600 million in its U.S. factories and facilities over the next two years to help meet the surging electricity demands around the world.