• GE Vernova has introduced its latest innovation, the 6 MVA 2000 Vdc inverter, engineered to optimize scalability and reduce costs for utility-scale solar installations.
• This new inverter will be tested in a pilot project at a multi-megawatt solar park in North America, with plans to have it operational by Q1 2025.
• GE Vernova’s project partners include Shoals Technologies and a major PV module supplier, working together to advance this significant renewable energy initiative.

CAMBRIDGE, Mass. (September 11, 2024) – GE Vernova Inc. (NYSE: GEV) today announced the launch of its cutting-edge 6 MVA, 2000-volt direct current inverter designed for large-scale solar power plants. The first pilot installation of this inverter is planned for a multi-megawatt solar park in North America. This effort underscores GE Vernova’s commitment to driving down solar energy costs and advancing the global shift toward decarbonization and renewable power.

Pioneering Solar Inverter Technology

GE Vernova has a history of trailblazing in solar inverter technology, having launched the first 1500 Vdc inverter in 2012. This breakthrough allowed solar farms to improve efficiency and reduce costs through better layout designs. Building on this legacy, the new 2000 Vdc inverter continues to drive down the levelized cost of energy (LCoE) for solar power projects. By boosting energy output by 30% within the same physical space, the inverter enhances both the scalability and cost-effectiveness of utility-scale solar installations.

“At GE Vernova, we’re shaping the future of utility-scale solar energy,” said Ed Torres, Business Leader at GE Vernova’s Solar & Storage Solutions division. “Inverters play a vital role in expanding solar capacity by ensuring efficient conversion of energy. Our latest innovations will help solar farms maximize their potential and contribute to a sustainable energy future.”

Solar inverters are essential for photovoltaic (PV) systems, converting the direct current (DC) power generated by solar panels into alternating current (AC) that can be fed into the power grid. The 2000 Vdc FLEXINVERTER, also known as the FLEXINVERTER 2 kVdc, is the newest member of GE Vernova’s FLEXINVERTER product family.

Collaborating for a Sustainable Future

The FLEXINVERTER 2000 Vdc will have its first application in a multi-megawatt solar park, which is expected to be operational by the first quarter of 2025. GE Vernova is collaborating with Shoals Technologies Group™ and a PV module supplier to make this project a reality. GE Vernova will supply the inverters, while Shoals Technologies will provide the electrical balance of system (EBOS) solutions, and the PV module supplier will deliver the necessary solar panels.

“We are excited to be a part of this partnership with leaders in solar innovation,” said Jeff Tolnar, President of Shoals Technologies Group. “This collaboration represents a step forward in reducing the cost of solar installations, which will help accelerate the transition to solar as the most affordable renewable energy option.”

Forward-Looking Statements

This document contains forward-looking statements, which refer to future events that involve uncertainties and risks. Such statements often use words like “expect,” “anticipate,” “intend,” “plan,” “believe,” and “estimate,” and they pertain to GE Vernova’s expected business performance, future product outcomes, and overall market impact. These statements address matters that are subject to change, including the impact of macroeconomic trends, market volatility, and global supply chain disruptions.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a global energy company focused on delivering sustainable solutions across power, wind, and electrification. With over 130 years of expertise in addressing the world’s energy challenges, GE Vernova is leading efforts to electrify and decarbonize the global energy sector. The company’s 75,000 employees across more than 100 countries are dedicated to providing cleaner, more reliable, and affordable energy solutions. Headquartered in Cambridge, Massachusetts, GE Vernova’s purpose is encapsulated in its mission: “The Energy to Change the World.” Its technology helps power the global economy while promoting a more sustainable future.

GE Vernova’s Solar & Storage Solutions division delivers technologies in solar energy, battery storage, and power plant controls, designed to offer reliable renewable energy and accelerate the world’s transition to a cleaner energy future.

About Shoals Technologies

Founded in 1996, Shoals Technologies Group is a leading provider of electrical balance of systems (EBOS) solutions for the energy transition market. Shoals’ innovative technologies enable clients to significantly improve installation efficiency, safety, and system reliability, making the company a key player in the renewable energy industry.

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