Today, we're bringing you an episode from our fellow FT podcast, Behind the Money. Massive conglomerates used to define corporate best practice. Think about a company like General Electric, known as “the everything company”. But today, there’s a new popular model: de-conglomeration. The FT’s former US energy reporter Amanda Chu examines whether this is working for a power business that GE spun off last year – or if it’s just another Wall Street fad.

Clips from BBC, Bloomberg, DW

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For further reading:

Rustbelt gamble: GE Vernova rides AI power boom into uncertain future

Is the US power grid ready to meet the demands of data centres?

Have America’s industrial giants forgotten what they are for?

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Follow Amanda Chu on X (@amandalanchu). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com

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Behind the Money: GE Vernova tries to shake its parent’s problems

FT News Briefing