CAMBRIDGE, Ontario (January 27, 2025) – GE Vernova’s nuclear division, GE Hitachi Nuclear Energy (GEH), has awarded a contract to BWX Technologies, Inc. (BWXT) to produce the reactor pressure vessel (RPV) for the inaugural BWRX-300 small modular reactor, set for construction at Ontario Power Generation’s Darlington New Nuclear Project site.

The RPV, the most substantial component of the BWRX-300, plays a critical role in the reactor’s functionality. Previously, GEH engaged BWXT for engineering analysis, design assistance, and procurement preparations related to the RPV. BWXT became the first member of GEH’s qualified supplier network for the BWRX-300.

“The production of the first BWRX-300 reactor pressure vessel is a pivotal step in advancing this technology,” stated Lisa McBride, Canada Country Leader at GEH. “Collaborating with BWXT enables us to push this project forward while also supporting Ontario’s manufacturing sector.”

Early site preparations at Darlington are complete, with construction of the first unit anticipated to begin later this year, subject to regulatory approval. Commercial operations are expected to launch by the end of 2029. The project envisions a total of four units at the site. The partnership between OPG and GEH integrates OPG’s extensive nuclear operations expertise with GEH’s advanced boiling water reactor technology, fostering a significant energy initiative in Ontario.

The BWRX-300, a next-generation boiling water reactor, forms a cornerstone of GE Vernova’s leadership in the energy sector. Designed to provide dependable electricity, it incorporates certified nuclear fuel, plant simplifications, and proven components to optimize construction and operational costs. Its design, based on an NRC-certified reactor, builds upon decades of experience in boiling water reactor operations, ensuring efficiency and reliability. Moreover, it leverages a standardized approach, a well-established delivery model, and GEH’s expertise in regulatory collaboration across borders.

About GE Vernova

GE Vernova (NYSE: GEV) is a globally focused energy enterprise comprising Power, Wind, and Electrification segments, reinforced by its accelerator businesses. With a legacy spanning over 130 years, GE Vernova remains dedicated to advancing the energy transition by enhancing global electrification while driving decarbonization. The company’s technologies enable economic growth and ensure the availability of vital electricity for health, security, and overall quality of life. Headquartered in Cambridge, Massachusetts, U.S., GE Vernova employs approximately 75,000 individuals across 100+ countries. Guided by its mission, *The Energy to Change the World*, GE Vernova strives to create a future of energy that is more affordable, sustainable, and secure.

Through its strategic alliance with Hitachi, GE Vernova’s Nuclear division is a leader in nuclear fuel development, reactor design, and engineering services. Its technologies include boiling water reactors and small modular reactors, including the BWRX-300—one of the industry’s most advanced and streamlined designs. The company’s nuclear fuel segment, Global Nuclear Fuel (GNF), is a leading provider of boiling water reactor fuel and engineering services. Operated as a joint venture with Hitachi, Ltd., GNF primarily functions through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan.

GE Vernova’s name encapsulates its vision—*GE* stands as a symbol of ingenuity and excellence, while *Ver* and *verde* reference the planet’s natural vitality. *Nova*, derived from the Latin “novus,” signifies a new era of low-carbon innovation.

Forward-Looking Statements

This document contains forward-looking statements that pertain to future events and inherently involve varying levels of uncertainty. Such statements may discuss GE Vernova’s anticipated business performance, product expectations, service impacts, and financial outlook. These projections frequently include terms such as “expect,” “anticipate,” “plan,” “believe,” “seek,” “will,” “estimate,” and similar expressions. As forward-looking statements address aspects that are uncertain by nature, they may cover topics such as partnership agreements, project proposals, government approvals, market conditions, and economic volatility. These factors could influence GE Vernova’s operations, financial performance, and supply chain dynamics on a global scale.

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