July 24 (Reuters) - Power services firm GE Vernova ( GEV )

posted a rise in second-quarter revenue and raised its

full-year revenue forecast on Wednesday, backed by strong demand

for its power generation equipment.

Electric utilities across the world are looking to increase

their power generating capacity and lifting the usage of

renewable energy to meet emission goals, driving demand for

equipment suppliers such as GE Vernova ( GEV ).

Its adjusted core profit more than doubled to $524 million

during the quarter.

The company booked a 27% rise in orders in its power

segment, driven by higher orders for its gas power technology.

Its electrification revenue rose 19%, compared to a year

earlier. The company raised its full-year forecast for the

segment to the range of mid- to high-teen percentage growth,

compared with earlier forecast of a low double-digit percentage

rise.

It also expects its full-year revenue to trend towards the

higher end of its prior forecast range of $34 billion to $35

billion. Its shares rose 2.5% in premarket trading.

However, its wind orders declined by 44%, primarily due to a

large offshore wind equipment order it booked last year that was

canceled during the fourth quarter.

Elevated interest rates, equipment failures and supply chain

problems have forced many wind project cancellations in the

United States and billions of dollars in writedowns by major

developers.

A turbine blade made by GE Vernova ( GEV ) at the Vineyard wind

offshore project broke on July 13, resulting in shutdown of the

project by U.S. authorities.

GE Vernova ( GEV ), which became an independent company in April

following a three-way split of General Electric ( GE ), said its

second-quarter revenue rose 1% to $8.2 billion, compared to last

year.

Analysts on average had expected revenue of $8.26 billion,

according to LSEG data.

The company also reported two fatalities during the quarter.