• GE Vernova has supplied three 9HA.02 heavy-duty gas turbines to Guangdong Energy Group Co., Ltd. for the Dongguan Ningzhou power plant, marking it as one of China’s largest gas power facilities.

GUANGDONG PROVINCE, CHINA (October 24, 2024) – Following the successful launch of Guangdong Energy Group Co., Ltd.’s Huizhou power plant, GE Vernova Inc. (NYSE: GEV) announced the commencement of operations at the Dongguan Ningzhou combined cycle power plant in Guangdong Province. Equipped with three advanced 9HA.02 gas turbines, the facility contributes up to 2.4 gigawatts (GW) to the grid, in addition to the 1.34 GW provided by the Huizhou power plant, also powered by GE Vernova’s HA technology.

“GE Vernova has been our trusted partner in transitioning from coal to natural gas. We believe their technology will continue to support our journey towards near net-zero carbon emissions,” commented a representative of Guangdong Energy Group.

With ambitions to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, China is accelerating efforts to reduce coal’s share in its energy mix. Projects like the Dongguan Ningzhou power plant align with these goals and local policy reforms in the Greater Bay Area aimed at coal-to-gas energy transition.

GE Vernova’s HA technology offers one of the lowest carbon emissions rates in the industry, enabling operators like Guangdong Energy Group to reduce fuel consumption while lowering overall emissions.

“Dongguan Ningzhou is a key milestone in advancing sustainable, lower-carbon energy generation in Guangdong Province, located north of Hong Kong,” said Xu Xin, Gas Power Services China ITR Leader at GE Vernova. “Today, we celebrate the successful start of operations at one of the largest gas plants in China. This achievement supports the region’s shift from coal to gas, reducing emissions. The project’s timely and safe completion was made possible through exceptional collaboration with our local partner, Harbin Electric, which provided the steam turbine, generator, and balance-of-plant equipment.”

By leveraging GE Vernova’s H-Class technology, the power plant significantly reduces emissions, producing up to 60% less carbon compared to coal-powered plants of the same size. Additionally, GE Vernova’s gas turbines can currently burn up to 50% hydrogen by volume when blended with natural gas, with a roadmap for future 100% hydrogen utilization, further supporting decarbonization efforts.

Pioneering Gas Power Technology in China

With over 130 years of expertise, GE Vernova was the first international manufacturer to introduce gas turbine technology in China. Serving more than 110 gas power plants across the country, the company provides a comprehensive suite of technologies and services covering the entire lifecycle of gas power assets.

Forward-Looking Statements

This document includes forward-looking statements regarding GE Vernova’s anticipated business performance, product impact, and future market conditions. These statements inherently involve uncertainty and often use terms such as “expect,” “plan,” “anticipate,” or “estimate” to indicate projected outcomes. Actual results may differ based on various factors, including global economic and supply chain conditions.

About GE Vernova

GE Vernova (NYSE: GEV) is a global energy company encompassing Power, Wind, and Electrification segments, supported by its accelerator businesses. With over 75,000 employees across 100+ countries, the company is committed to driving the energy transition by delivering affordable, sustainable, and secure energy solutions. GE Vernova’s Gas Power division provides advanced gas turbine technologies and services, including decarbonization solutions, positioning itself as a leader in the global energy sector.

The name “GE Vernova” reflects its mission: “GE” stands for its legacy of quality and innovation, “Ver” signals green and lush ecosystems, and “Nova” denotes a new era of cleaner energy solutions.

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