• Generadora San Felipe Ltd (GSF) has selected GE Vernova’s advanced H-Class natural gas-fired combined cycle power generation technology for the upcoming San Felipe power plant in the Dominican Republic.
• This new project signifies GSF’s initial investment in a highly efficient and versatile combined cycle power facility, poised to supply consistent electricity to the grid while supporting the country’s expanding renewable energy initiatives.
• Transitioning from liquid fuels to natural gas will significantly lower emissions from power generation.

ATLANTA, GA (December 16, 2024) – GE Vernova Inc. (NYSE: GEV) announced the receipt of an order for its H-Class natural gas-fired combined cycle power generation equipment for Generadora San Felipe Limited (GSF)’s 470 MW San Felipe plant in Punta Caucedo, Boca Chica, Dominican Republic. This marks GE Vernova’s first H-Class turbine installation in the Caribbean and represents a critical step in advancing the Dominican Republic’s climate goals and sustainable development plans by enabling renewable energy growth with dispatchable power.

The Dominican Republic, recognized as one of Latin America’s fastest-growing economies, has transitioned much of its oil-based generation to natural gas in recent years. Natural gas now accounts for nearly 50% of the nation’s energy production, playing a pivotal role in its energy transition by supporting renewable energy expansion. Natural gas-fired combined cycle power plants are the lowest-emitting fossil fuel facilities, with reduced outputs of CO₂, SOx, NOx, particulate matter, and mercury.

Antonio Ramirez, General Manager of Generadora San Felipe, stated, “Our new plant, powered by GE Vernova’s highly efficient H-Class technology, will help us deliver more reliable and less carbon-intensive electricity, essential for economic growth and societal wellbeing. GE Vernova’s proven HA technology and its leadership in decarbonization innovation made it our trusted choice.”

The San Felipe plant will feature a multi-shaft configuration, including a GE Vernova 7HA.02 gas turbine paired with an H65 generator, an STF-A650 steam turbine coupled with an H35 generator, a triple-pressure reheat Heat Recovery Steam Generator (HRSG), and a condenser.

Dave Ross, President of GE Vernova’s Gas Power business in the Americas, commented, “The San Felipe project is ambitious, and we are proud to support its realization. Upon completion, it is expected to become one of the Caribbean’s most efficient power plants and can accommodate post-combustion carbon capture systems to significantly reduce CO₂ emissions. Additionally, the GE Vernova HA turbine’s fuel flexibility allows it to operate on various fuels, including hydrogen-natural gas blends, paving the way toward near-zero emissions in the coming decade.”

GE Vernova’s HA gas turbines, the fastest-growing fleet in the H-Class segment, have achieved over 2.5 million operating hours. With an installed capacity exceeding 53 GW—enough to power nearly 40 million American homes—the HA turbines can reduce annual CO₂ emissions by over 3.3 metric tons per unit compared to similar coal-fired plants, equivalent to removing 680,000 cars from the road for each unit deployed.

The San Felipe plant, constructed by the Spanish EPC firm TSK Electrónica y Electricidad S.A. (Grupo TSK), is scheduled to commence operations in 2027. The plant is strategically located adjacent to the AES/ENADOM LNG terminal, which has a total LNG storage capacity of 250,000 m³.

Forward-Looking Statements

This document contains forward-looking statements related to future events with varying degrees of uncertainty. These statements address GE Vernova’s anticipated business performance, financial outlook, product impacts, and projected outcomes. Forward-looking statements often use terms such as “expect,” “anticipate,” “plan,” “believe,” “seek,” and similar expressions.

About GE Vernova

GE Vernova (NYSE: GEV) is a purpose-driven global energy company comprising Power, Wind, and Electrification segments, supported by accelerator businesses. With over 130 years of expertise addressing global challenges, GE Vernova is uniquely positioned to lead the energy transition by electrifying the world while advancing decarbonization. Headquartered in Cambridge, Massachusetts, the company employs over 75,000 people in 100+ countries, delivering affordable, reliable, sustainable, and secure energy solutions.

GE Vernova’s Gas Power division designs advanced natural gas-powered technologies and decarbonization solutions, aiming to drive a low-carbon energy future. It operates the largest installed base of approximately 7,000 gas turbines globally, reinforcing its leadership in the energy sector.

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