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0 0.00374009973599289 -0.00124669991199777 -0.00124669991199777 0.00469345849222636 -0.00447345262540344 -0.00161337635670284 -0.00161337635670284
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Next Hydrogen Reports Q4 and Fiscal 2023 Financial Results [Yahoo! Finance]

GE Vernova Inc. (GEV) 
Company Research Source: Yahoo! Finance
designer and manufacturer of electrolyzers, is pleased to report its financial results for the fourth quarter and full year ended December 31, 2023. “We had a very promising end to 2023 with: (1) our electrolyzer (up to 2.25MW) exceeding US DOE energy efficiency targets, showing 30% lower capex and successfully graduating from pilot scale testing to commercial module builds, (2) growing our backlog from $3M at the beginning of the year to $8M contracted, with a $3M follow-on order expected, and (3) announcing strategic partnerships with Casale and GE,” said Raveel Afzaal, President & CEO. “In 2024, we intend to: (1) demonstrate our system at a customer site, (2) further improve our energy efficiency to exceed US DOE 2026 targets to world class efficiency levels, (3) complete pilot scale testing of our large-scale product line (up to 8MW per module) targeting large scale 100MW+ solutions, and (4) double our growing backlog. With extensive inhouse testing (~18,000 hours) of our electr Show less Read more
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