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A Year in Review: 2024 Laid the Foundation for Transformation

As the year winds down, it’s natural to reflect on what we’ve accomplished and where we’re headed. For us at GE Vernova, the year has been all about preparation – a year spent laying the groundwork for a transformative future. From building partnerships to defining the vision for our software-defined solutions portfolio, this year marked a significant shift for us and the power industry as a whole.

We kicked off 2024 with a mission to build something extraordinary, and that meant starting from the basics. Much like creating a blueprint before breaking ground, we’ve spent the year carefully designing and developing the framework for what’s to come. This journey wasn’t just about planning, though. It was also about action.

We launched our new GridBeats portfolio of software-defined solutions for the power sector at DTECH and then showcased this offering at CIGRE Paris 2024. These solutions are designed to modernize infrastructure and tackle the challenges of an increasingly complex energy landscape. The event was an opportunity to engage with industry leaders, discuss the role and potential of AI, and outline the road ahead.

This transformation isn’t happening in isolation. It’s a collective effort fueled by partnerships, innovation, and collaboration. Throughout the year, we strengthened relationships with key stakeholders and initiated conversations that will shape the future of the energy ecosystem. These discussions, ideas, and work laid the foundation for designing the infrastructure of tomorrow – for a smarter, more sustainable grid.

Not Just a Buzzword
Beyond the technical and strategic advancements, this year reflected values that deeply align with my personal ones. Humbly, I was reminded of the importance of my work. Releasing our Sustainability Report reflected a commitment that resonates with me on a fundamental level. Sustainability isn’t just a buzzword – it’s a driving force behind everything we do. Knowing that there is an alignment with GE Vernova’s core values gives me the motivation to keep doing what I do. Not just for me, but for the generations to come. 



Buckle Up!
If there’s one thing this year has taught me, it’s that transformation is never linear. It’s messy. There are countless moving parts, and the path forward is rarely, if ever, without its challenges. But amidst the complexity, I’ve found clarity and that clarity gives me confidence.

We’re heading in the right direction – that belief is unwavering. Every relationship we’ve built, every conversation we’ve had, and every decision we’ve made this year has been grounded by a clear vision of where we want to go. The power industry is on the brink of massive transformation, and we’re ready to lead the charge.

As we turn the page to 2025, the focus shifts from preparation to execution. Next year will be about taking the plans we’ve meticulously crafted and bringing them to life and bring our blueprint into reality. While I know this transformation won’t be seamless, it will be exciting and impactful. The industry is poised for change on a scale we’ve never seen before – it’s time to be bold, because I think we’re about to witness a revolution in how we power the world.

The excitement for what’s to come is matched only by the gratitude I feel for this past year. To our teams, partners, peers, and friends – thank you for your support, thought-provoking ideas, and hard work. Transformation is a process, not a moment – there’s a lot to do, but I couldn’t be more optimistic about where we’re headed. Together, we’re not just adapting to change; we’re creating it.

Cheers to the future.

About the Author

Dr. Mital Kanabar is the Senior Director of Innovation at GE Vernova’s Grid Solutions’ Grid Automation business in Toronto, Canada. He has more than 15 years of power industry R&D experience, holds more than 20 international patent applications, and has published more than 50 articles. Mital is also serves as a Chair and Vice-Chair of three Working Groups at the IEEE PES Power System Relaying Committee. Mital focuses on customer-centric innovations and collaboration to accelerate Technology Readiness Levels and validate Cost-Benefit Analysis. He has led R&D efforts in digital substation and software systems, renewables integration algorithms, synchrophasor applications, distributed energy resources, and microgrids. He holds a Ph.D. from Western University and degrees in electrical engineering from Sardar Patel University and the Indian Institute of Technology.

Profile Photo of Mital Kanabar