• Three GE Vernova 7HA.03 Gas Turbines to be Deployed at Kansai Electric Power Company in Osaka
• The replacement of outdated conventional LNG power generation systems (three boilers and three steam turbines) with GE Vernova’s state-of-the-art technology is projected to enhance the plant’s performance while decreasing CO₂ emissions.

TOKYO, JAPAN (October 8, 2024) — GE Vernova Inc. (NYSE: GEV) announced the receipt of an order for three GE Vernova 7HA.03 gas turbines, which are slated for installation at Kansai Electric Power Company’s Nanko power station in Osaka, Japan. These cutting-edge turbines will replace existing, aging LNG-based power generation equipment (comprising three boilers and three steam turbines) and are expected to boost operational efficiency while lowering carbon dioxide emissions.

Japan has committed to ambitious net-zero goals by 2050, as outlined in its Nationally Determined Contribution (NDC). According to GE Vernova’s recently published “2024 Japan Energy Outlook” White Paper, the nation’s energy system is undergoing significant change. The government has focused on achieving decarbonization through increased investment in low-carbon energy sources and adherence to “Economic Efficiency,” one of the three pillars in the revised 6th Strategic Energy Plan (also featuring “Safety plus Energy Security” and “Environmental Sustainability”).

“The plant is expected to deliver up to 1.8 gigawatts (GW) of electricity to the grid and rank among the most efficient facilities in Japan,” stated Ramesh Singaram, President and CEO of GE Vernova’s Gas Power, Asia. “Moreover, the 7HA.03 gas turbine technology can currently combust up to 50% hydrogen mixed with natural gas, with a roadmap toward 100% hydrogen usage over the next decade. We’re excited to introduce this innovative technology to Kansai Electric, a long-term partner of ours built on mutual respect and trust, helping rejuvenate Japan’s power sector with more efficient, sustainable solutions that align with the nation’s energy goals.”

In addition to delivering the turbines, GE Vernova will provide field services for their maintenance.

As a pivotal player in Japan’s energy transition, GE Vernova has supported the country’s power generation needs for over 130 years. Today, the company provides more than 50% of Japan’s heavy-duty gas power capacity, while also addressing growing demands for renewable and nuclear energy.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a global energy leader with segments dedicated to Power, Wind, and Electrification, along with accelerator businesses. With over 130 years of experience solving global challenges, GE Vernova is uniquely positioned to spearhead the energy transition by driving electrification while actively working to decarbonize the world. GE Vernova helps customers power economies and deliver essential electricity that enhances health, safety, security, and overall quality of life. Headquartered in Cambridge, Massachusetts, GE Vernova employs over 75,000 people in more than 100 countries. Through its commitment to “The Energy to Change the World,” GE Vernova delivers technologies that support a more affordable, reliable, sustainable, and secure energy future. Learn more at GE Vernova and LinkedIn. GE Vernova’s Gas Power division provides advanced, efficient gas-powered technologies and services, including decarbonization solutions to support a lower-carbon future. The division holds the industry’s largest gas turbine fleet, with around 7,000 turbines installed worldwide.

Forward-Looking Statements

This document contains forward-looking statements — that is, statements about future events that inherently involve some degree of uncertainty. These statements often relate to GE Vernova’s anticipated future business operations, financial performance, and product capabilities, including their impact on reducing carbon dioxide emissions. Such statements frequently contain terms like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “will,” “would,” “estimate,” “forecast,” “target,” or “range.” Forward-looking statements inherently address uncertain matters, such as planned or potential transactions, investments, or projects, and the anticipated outcomes. They also reflect on how macroeconomic and market conditions, along with global supply chain and economic volatility, might impact GE Vernova’s operations, financial results, and market position.

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