In a Wednesday interview with CNBC’s Jim Cramer, Gay vannova CEO Scott Strijic said that the development of US electric load is the largest since the industrial bounce, which was after the end of World War II.
“You have found to return to the end of 1945 and World War II, this is the infrastructure that we are going to do,” he said. “Economic development, but also for national security, we needed to create electric power systems. For both reasons, we need to do it again, and this is what we are going to do.”
Strijic claimed that in the last 20 to 40 years, the technical innings involving electric power grids were “always winners and losers,” some businesses attempted to change others. But he said that this power buildout is going to enable economic growth which is accompanied by the new artificial intelligence technology to the US.
GE Vernoova, The Power Spin of General Electric, Post A Quarter On Wednesday, defeated projections and climbing shares, only over 3% closed. The company maintained its entire year guidance despite the possible impact of tariffs on business.
Strijic discussed the gas arm of GE Vennova, the company has sold gas turbine orders for 2026 and 2027. According to him, gas will play an important role as hypersscalers continue to build data centers, confirming that the company has adequate data center-related orders.
He said, “We have decarboned the electric grid in the US with cold gas switching, and finally, gas is a force multiplier for more air and solar,” he said. “Without gas, you cannot achieve renewable penetration rates that are looking for the world.”
