GE Vernova Acquires French AI Company Alteia to Enhance Grid Management for Utilities

GE Vernova Buying AI Company for Utilities to Check Grid Damage

GE Vernova Inc. is acquiring French software company Alteia SAS as the maker of power generation equipment looks to use artificial intelligence for ways to strengthen the electric grid. Alteia's software processes visual data such as photos using AI, allowing power providers to more easily and cheaply inspect their infrastructure, identify where vegetation should be trimmed and make damage assessments after a storm or wildfire. The deal is part of GE Vernova's strategy to help utilities enhance operational systems, the company said in a statement Monday without disclosing terms for the transaction.

GE Vernova to buy France's Alteia for enhancing AI tools for utilities

July 21 (Reuters) - Power equipment maker GE Vernova (GEV.N), opens new tab will buy France-based Alteia, which makes artificial intelligence-based tools that allow utility companies to review their grids, it said on Monday. GE Vernova already offers Alteia's software to customers through its GridOS Visual Intelligence. The tool helps utilities assess damage and inspect assets along thousands of miles of electrical lines. The acquisition will enhance this system through visual and operational data, allowing the companies to "see and sense" the grid, GE Vernova said. The company did not disclose the financial terms of the acquisition, which is expected to close on August 1. GE Vernova has highlighted that growth in its electrification software segment -- which includes the GridOS system -- could rapidly accelerate, RBC Capital Markets analyst Christopher Dendrinos said. The segment has been growing at mid-single digit percentage rates in the past couple of years, he said. Surging power demand from data centers used for AI and cryptocurrency technologies has boosted GE Vernova, which was spun off from General Electric (GE.N), opens new tab last year. The power demand is expected to hit an all-time high this year. The company is expected to release its second-quarter earnings report on July 23 before the bell. Reporting by Sumit Saha in Bengaluru; Editing by Sahal Muhammed Our Standards: The Thomson Reuters Trust Principles., opens new tab

GE Vernova: about to acquire Alteia to strengthen its AI offering

GE Vernova has announced that it has entered into an agreement to acquire Alteia SAS, a French company specializing in computer vision and machine learning. This acquisition aims to strengthen GE Vernova's AI capabilities and provide utilities with visual data solutions for better operational intelligence. Integrated with GridOS Visual Intelligence, Alteia's technology enables the analysis of electrical networks, damage assessment, and identification of actions to be taken in the field. This acquisition will strengthen the integration of visual and operational data to increase network resilience in the face of critical events. The transaction is expected to close on 1 August 2025; its financial terms have not been disclosed.