• GE Vernova to deliver Propulsion Load Systems (PLS) for testing the U.S. Navy’s next-generation advanced surface vessels
• The contract supports the evaluation of shipboard propulsion systems for the U.S. Navy’s FFG-62 Class frigates and the upcoming DDG(X) vessels in a controlled land-based environment, aimed at reducing risks and training the crew.
• This award builds on GE Vernova’s expertise in electrical power conversion, including complex load testing systems for naval applications.

CAMBRIDGE, Mass. — October 03, 2024 – GE Vernova Inc. (NYSE: GEV) has announced that its Power Conversion division has secured a contract to design and provide a Propulsion Load System (PLS) for the U.S. Navy’s land-based testing facilities. This initiative supports the development of a new class of advanced naval surface vessels. The PLS systems will be used to rigorously assess the performance and reliability of shipboard propulsion systems in a controlled, land-based setting before they are deployed at sea.

Contract Overview

The scope of the contract, booked in Q2 2024, includes the design, manufacturing, delivery, and installation of two independent PLS units at a U.S. Navy facility over the next three years. The program, overseen by the Naval Surface Warfare Center Philadelphia Division (NSWCPD), will serve as the primary testing and qualification site for propulsion systems of next-generation naval vessels like the FFG-62 and DDG(X). By simulating real-world shipboard conditions, the PLS is designed to mitigate technical risks, accelerate development timelines, and prepare crews for future deployments, giving the Navy a strategic advantage.

The system is expected to incorporate a full array of power conversion technologies, including propulsion load electric motors, E-houses, power electronic motor drives, switchboards, motor control centers, load banks, transformers, and other necessary infrastructure.

“GE Vernova is honored to contribute to the U.S. Navy’s future naval capabilities by delivering cutting-edge testing solutions that reduce technological risks and help prepare crews for the next generation of surface vessels,” said Ed Torres, Business Line Leader of GE Vernova’s Power Conversion division. “This contract underscores our commitment to advancing naval technology through reliable and efficient propulsion load management systems.”

Technological Significance

This contract further consolidates GE Vernova’s leadership in providing more energy-efficient electric propulsion solutions for complex naval operations. With over 40 U.S. Navy and U.S. Coast Guard vessel references, decades of experience with land-based test facilities, and successful integration of similar systems in projects such as the Columbia Class and Zumwalt Class, GE Vernova continues to demonstrate its expertise in this field.

Program Background

The award is part of the U.S. Navy’s Program Executive Office (PEO) Ships under the management of the PMS 515 (frigates) and PMS 460 (DDG(X) program) offices, with technical and programmatic oversight by the NSWC. This contract is administered through the Maritime Sustainment Technology and Innovation Consortium (MSTIC) and managed by Advanced Technology International (ATI), marking the largest agreement awarded to date under the MSTIC Other Transaction Authority (OTA).

This is GE Vernova Power Conversion’s first OTA award. OTAs offer the U.S. Department of Defense (DoD) and other government bodies the flexibility to innovate, prototype, research, and produce by adapting business practices that align with commercial industry standards. These agreements promote more flexible, quicker, and cost-efficient product design and execution.

Forward-Looking Statements

This document contains forward-looking statements related to future events, addressing uncertainties that may arise. These statements focus on GE Vernova’s projected business and financial performance, the expected performance of its products, and the potential impact of its services. They often include terms like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” By their nature, forward-looking statements involve uncertainty, including planned and potential transactions, investments, and projects, as well as the impact of global market conditions and supply chain dynamics.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a globally focused energy company with specialized segments in Power, Wind, and Electrification, supported by its accelerator businesses. With over 130 years of experience addressing the world’s challenges, GE Vernova is uniquely positioned to lead the energy transition by continuing to electrify the world and work toward decarbonization. GE Vernova helps customers power economies and provide electricity that is vital for health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., and employs approximately 75,000 people across more than 100 countries. Guided by its purpose, The Energy to Change the World, GE Vernova’s technology aims to deliver a more affordable, reliable, sustainable, and secure energy future.

GE Vernova’s Power Conversion division delivers energy conversion technologies, systems, and services across the power and energy-intensive industries, driving the electric transformation of the world’s energy and industrial infrastructure.

Source