• GE Vernova celebrates the commissioning of its 100th HA gas turbine worldwide, with over 60 additional units on order.
• HA technology is pivotal in the global energy transition, facilitating the switch from coal to gas and providing the necessary flexible power to integrate higher levels of renewable energy.

SEJONG, SOUTH KOREA (July 15, 2024) – GE Vernova Inc. (NYSE: GEV) announced today the successful commissioning of Korea Southern Power Co, Ltd. (KOSPO)’s Shinsejong Combined Cycle Power Plant in Sejong Multifunctional Administrative City. This milestone marks the 100th HA gas turbine commissioned by GE Vernova globally and the first 7HA.03 gas turbine installation in South Korea.

GE Vernova’s HA gas turbines, the fastest-growing fleet in the H-Class segment, have accumulated over 2.5 million commercial operating hours, with an installed capacity exceeding 53 gigawatts. This capacity is equivalent to powering nearly 40 million American homes.

Eric Gray, CEO of GE Vernova’s Gas Power business, stated, “The demand for electricity is increasing, and highly efficient HA gas power plants are crucial for balancing energy transition commitments with reliable electricity supply. These plants support the transition from coal to gas and provide stability to the grid by balancing the variable nature of renewables.”

The installation of HA gas turbines offers long-term benefits through potential maintenance and upgrade contracts. Each HA unit can save over 3.3 metric tonnes of CO2 emissions per year compared to an average coal-fired plant, equivalent to removing 680,000 cars from the road.

GE Vernova’s DLN 2.6e combustion system, installed in the 7HA.03 gas turbines at Shinsejong, enhances efficiency and reduces emissions. This advanced technology allows power generation with lower NOx emissions, contributing to South Korea’s goal of becoming carbon neutral by 2050.

The Shinsejong plant will supply power to the Korea Power Exchange and provide district heating to Sejong City, meeting the growing demand for heat, air conditioning, and electricity with increased efficiency.

“Celebrating this milestone with KOSPO and our global customers and employees highlights the impact of our HA fleet on increasing efficiency, reducing emissions, and integrating renewable energy,” commented Gray. “Multi-decade services and maintenance contracts will ensure continued performance enhancements and efficient operations for our power plant customers.”

In April, GE Vernova celebrated the production of its 2000th gas turbine at its Belfort, France site, and recently completed the first HA turbine in Saudi Arabia at the GE Saudi Advanced Turbines facility.

GE Vernova’s H-Class combined cycle power plants are highly responsive and flexible, supporting quick dispatch of power to complement intermittent renewable sources. These plants can operate on various fuels, including hydrogen and natural gas blends, potentially reducing future emissions.

About GE Vernova

GE Vernova (NYSE: GEV) is a global energy company specializing in Power, Wind, and Electrification segments. With over 130 years of experience, GE Vernova is dedicated to electrifying the world while decarbonizing it. Headquartered in Cambridge, Massachusetts, with over 75,000 employees across 100+ countries, GE Vernova’s Gas Power business leads in advanced natural gas-powered technologies and services, supporting a lower carbon future.

GE Vernova’s mission, embedded in its name, signifies quality and innovation. “GE” reflects its legacy, “Ver”/“verde” signifies Earth’s ecosystems, and “Nova” from Latin “novus,” heralds a new era of lower carbon energy.

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