Algeria Strengthens Grid Infrastructure for Renewable Energy Integration:

• Enhanced Collaboration: GE Vernova’s Grid Solutions and Algerian national energy company Sonelgaz expand their joint venture, GE Algeria Turbines (GEAT), to focus on grid solutions.
• Focus on Renewables: This strategic move aims to support Algeria’s transition to a lower-carbon future by facilitating the integration of renewable energy sources.
• Local Production and Expertise: GEAT will manufacture high and extra-high voltage substations and other grid automation equipment, fostering domestic industry growth and job creation.

Key Points of the Agreement:

• Expansion of GEAT’s Core Business: The joint venture will shift its focus from turbines to manufacturing grid infrastructure equipment.
• Improved Grid Efficiency and Reliability: Advanced grid solutions will ensure efficient power transmission across Algeria.
• Knowledge Transfer and Job Opportunities: The project will promote the transfer of technical expertise and create new employment opportunities in Algeria.

Statements from Key Players:

• Mourad Adjal, CEO of Sonelgaz: Underlined the collaboration’s importance in building a resilient and efficient grid while achieving national integration goals. Highlighted the potential for future exports of grid equipment.
• Philippe Piron, CEO of GE Vernova’s Electrification Systems Businesses: Emphasized the commitment to grid modernization, talent development, and job creation in Algeria.

Context:

• Algeria’s growing population necessitates a diversified energy mix to include solar and wind power.
• An efficient grid infrastructure is crucial for integrating these renewable sources and ensuring reliable energy supply.
• The expansion of GEAT aligns with Algeria’s vision to export excess power to neighboring countries.

About GE Vernova

A new independent company formed in April 2024, focusing on electrification, decarbonization, and energy solutions.
A longstanding partner of Algeria’s energy sector with a presence of over 300 employees.

About Sonelgaz

Algeria’s national electricity and gas company, established in 1969.
Plays a vital role in the country’s economic and social development.
Forward-Looking Statements

This press release includes forward-looking statements about future expectations and projections. The involved parties acknowledge inherent risks and uncertainties that could cause actual results to differ materially.

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