“as Larry said, we expect at least onshore to be at least kind of low single digit margins. Grid would be kind of mid single digit range. Offshore, as Larry said in his prepared remarks, it kind of -- we expect kind of similar levels of losses next year.”

In context

“ple. Yes, we should be in a position to bring forward Vernova ahead of our typical earnings announcement timeframe early in the second quarter. I would say with respect to onshore wind, again, a lot of improvement. It will be a profitable second half, not unfortunately a profitable full year. We've got a shot at doing that at grid, as I mentioned earlier. But I think as we look at '24 in onshore, we should be in the low single digit range with obviously the intention as we go through the budget cycle here in November and December to see if we can put together a credible plan to do better. But that's the way I would think about it just given the back half momentum that we'll have entering into next year. Rahul Ghai: And, Joe, just to kind of complete that picture on renewables total, we -- as Larry said, we expect at least onshore to be at least kind of low single digit margins. Grid would be kind of mid single digit range. Offshore, as Larry said in his prepared remarks, it kind of -- we expect kind of similar levels of losses next year. But if you put all that together, it's still a pretty significant improvement year-over-year on both profit and then even more so on cash. So that's what we are expecting. So we won't be too far off from the framework that Scott laid out at Investor Day for the renewables business. Larry Culp: And, Joe, just to make sure we're clear about the shipments, the progress that you're seeing at Dogger Bank and Vineyard, operationally, I think we're pleased to see that. I know our customers are to see those initial installations and the initial generation of power. However, right, that progress is what triggers the revenue recognition, which in turn carries the losses. So that's a little bit of what is operationally encouraging, but financially difficult to work our way through. So just wanted to”