GE Vernova to invest in Quebec facility expansion to support Quebec and Canada-wide ambitious energy goals
Canada, Aug. 28 -- GE Vernova Inc. announced a plan to invest 22.2M CAD in Quebec factories, for its hydropower Sorel-Tracy and grid La Prairie sites.With Canada's energy needs forecasted to double by 2050, and Quebec projecting a demand increase of up to 35% by 2035, the province is moving forward with a $150?billion capital expansion-part of Hydro-Quebec's approximately $200?billion 2035 Action Plan-to upgrade the grid, expand hydropower and wind power capacity, and modernize infrastructures*. In light of this, GE Vernova is expanding its Quebec facilities to meet soaring customer needs, enhance energy resilience, and ensure long-term energy security.Increased capacity for hydropowerGE Vernova is investing 16.2M CAD to expand capacity at ...
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