Monday, June 24, 2024

GE Vernova will have up to 200 workers on Charles Street in East Cambridge. (Photo: BioMed Realty)

GE’s portfolio of energy businesses, GE Vernova, will put its global headquarters in Cambridge at 58 Charles St., near Kendall Square – part of a plan to become an independent company in early 2024, the company said Thursday. The spinoff will be accomplished over the coming year.

The company’s current corporate headquarters have been in Boston since 2016. After expanding widely in the 1980s under chief executive Jack Welch, the company has spent decades shrinking again; it announced in 2021 that what remained would be split into three companies: aviation, health care and energy, with the Boston headquarters keeping the aviation focus. GE HealthCare is expected to stay based in Chicago.

GE Vernova plans to lead in a switch to renewable energy and “decarbonizing power generation,” and its business include power, digital and energy financial services, according to a Thursday press release emailed by the company. “Cambridge offers a growing community focused on the energy transition spanning our own customers, academic and scientific research, policy thought leaders and investment capital,” according to the email.

After the spinoff in early 2024, the East Cambridge offices on BioMed property will hold up to 200 employees, the company said. The brand itself was announced in July. A voice mail was left Thursday with a company spokesperson to clarify what the presence of GE Vernova would be in Cambridge in the coming dozen or more months, but the company did not share details on when offices would open or when workers would populate the space.

The company said other workers of GE Vernova will stay in existing offices such as in Schenectady, New York; Atlanta; and Greenville, South Carolina, which it called “epicenters of manufacturing and business activities” for the business portfolio.

Scott Strazik, chief executive of GE Vernova, said Cambridge made sense for a headquarters because it offered a “dynamic environment” filled with education, talent and innovation.

The company plans to be “an active and involved member of the community,” Strazik said.