The settlement creates a Community Claims Fund to compensate local businesses and residents for “economic harm." ...

The collapse sent fiberglass debris into the ocean and onto Nantucket beaches. GE Vernova said a manufacturing issue was the ...

This is a solid number to cover the community, and I’m very pleased with the results,” Select Board member Brooke Mohr said.

The town of Nantucket, Mass. has announced it reached a $10.5 million settlement with a subsidiary of General Electric to compensate the island community and local businesses for financial losses ...

Nantucket town officials announced a $10.5 million settlement with wind turbine manufacturer GE Vernova to compensate for ...

GE Vernova will pay Nantucket $10.5 million after a turbine blade failure at Vineyard Wind 1 scattered debris during peak tourist season.

The company has declined to go ahead with plans to build a factory for turbine blades in Britain. Mr. Strazik said GE Vernova was now focused on working off a loss-making backlog of orders that he ...

GE Vernova Inc. shares slumped almost 7% on Friday after one of its turbine blades failed at an offshore wind farm near England, the latest in a string of accidents involving its equipment that ...

GE Vernova, the company that built the blade that failed on a Vineyard Wind turbine south of the islands, says it will re-examine every blade it has built for offshore wind.

The settlement will allow the town to create a fund to compensate local businesses for their losses, officials said.