When B20 USA convenes in Washington, D.C., on November 9-11, the debate over electricity demand will run through Scott Strazik. The chief executive and president of GE Vernova chairs the summit’s Task Force on Energy, one of four task forces shaping what business asks of G20 governments. His company reported results on October 28 that show how much demand for power equipment has grown, which makes his views useful for delegates following energy policy.
From finance to gas turbines
Strazik has more than 20 years of leadership, finance and operations experience, according to his company biography. He served for two years as chief financial officer of GE Aviation’s Commercial Engine Operations. He became CEO of GE’s Gas Power business in 2018 and took over the wider GE Power businesses in 2021. The company credits him with leading the Gas Power turnaround and the global scaling of the HA gas turbine platform.
GE Vernova became a stand-alone public company in 2024. It has approximately 85,000 employees and says its technology base helps generate one quarter of the world’s electricity. Strazik holds a bachelor’s degree in industrial labor relations from Cornell University and a master’s degree from Columbia University’s School of International and Public Affairs.
The numbers behind the task force
GE Vernova reported third-quarter orders of $29 billion, up 96 percent organically, and revenue of $12.6 billion. Net income was $1.3 billion. Total backlog reached $197 billion, and the company expects it to exceed $200 billion in the fourth quarter. Its gas equipment backlog and slot reservations rose from 116 to 122 gigawatts, and it now expects at least 130 gigawatts by year-end. These are company figures and forecasts, and the outlook is subject to the risks set out in its filings.
The same day, the company agreed to buy Trench Group, a Berlin-based maker of high-voltage grid components, from Triton Partners for the equivalent of $9.0 billion. Trench has more than 3,000 employees and 11 manufacturing sites. The deal is expected to close in late 2027, subject to regulatory approvals. Strazik said it would strengthen the company’s Electrification segment and help it keep pace with what he called the electricity supercycle.
What he brings to the B20
The U.S. Chamber of Commerce named Strazik in July alongside Ken Griffin of Citadel, Jim Fitterling of Dow and David Zapolsky of Amazon. It said the task forces have a particular focus on removing barriers to investment. The four chairs are joined by 34 co-chairs from 12 countries.
“The world needs more electricity so that people and the planet can thrive, and the private sector is meeting this moment with speed and at scale,” Strazik said at the time. Delegates will be watching how the energy recommendations treat supply chains and grid equipment, and how they carry into the G20 Leaders’ Summit in Miami on December 14-15.
Sources
- GE Vernova: Third quarter 2026 financial results, October 28, 2026
- GE Vernova: GE Vernova to acquire Trench Group, October 28, 2026
- GE Vernova: Scott L. Strazik leadership biography
- U.S. Chamber of Commerce: Business leaders to lead B20 USA task forces, July 16, 2026
- U.S. Department of State: Media logistics for the G20 Leaders’ Summit, October 28, 2026
