June 27 (Reuters) - U.S. power equipment maker GE

Vernova ( GEV ) is exploring the sale of its industrial software

business, Proficy, in a deal that could fetch as much as $1

billion, Bloomberg News reported on Friday, citing people

familiar with the matter.

Following its independence last year after a three-way split

of General Electric ( GE ), GE Vernova ( GEV ) is benefiting from

surging domestic power demand.

This demand is expected to hit record highs in 2025, driven

by rapid expansions in AI and cryptocurrency data centers, as

well as increased energy consumption by households and

businesses.

The asset could be sold for between $900 million and $1

billion, the report said.

The company is working with advisers and has reached out

to industrial software firms and private equity investors,

according to Bloomberg.

GE Vernova ( GEV ) declined to comment.