GE Vernova Inc. (NYSE:GEV) shares are trading lower on Thursday.
Avangrid and Copenhagen Infrastructure Partners announced on Wednesday that approximately six truckloads of debris have been cleared from the site, with ongoing cleanup efforts.
They stated that GE Vernova, the manufacturer, will conduct an analysis to determine the cause of the issue.
The offshore project in Massachusetts employs GE Vernova’s Haliade-X turbines, standing approximately 2.8 times taller than the Statue of Liberty or similar in height to Rockefeller Center.
This initiative aims to install 62 turbines, with several already operational and contributing power since earlier this year.
A GE Vernova spokesman told The Wall Street Journal that the company is investigating the issue and “working with the relevant authorities to contain and remove any debris safely and efficiently.”
GE Vernova, formerly part of GE Aerospace (NYSE:GE), commenced trading independently on the NYSE in April.
Price Action: GEV shares are trading lower by 2.96% to $160.92 at last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by anna-jimenez for Unsplash
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