• GE Vernova’s trailer-mounted TM2500* aeroderivative gas turbine technology is expected to deliver rapid and dependable electricity generation ahead of anticipated summer peak demand in Nassau, Bahamas
• Flexible TM2500 units are designed to support grid reliability and reduce the risk of electricity shortages
• The project supports temporary expansion of the Clifton Pier power facility on New Providence Island

THE BAHAMAS (May 22, 2025) — GE Vernova Inc. (NYSE: GEV) announced that its TM2500* mobile aeroderivative gas turbine technology is expected to provide fast-track power generation capacity in The Bahamas, helping the country address rising electricity demand during the summer season and reduce the likelihood of power disruptions.

Tourism in the country continues to grow rapidly, with more than 9.6 million visitors recorded in 2023 — the highest level in the nation’s history — significantly increasing electricity consumption in a country with a population of roughly 400,000 people. To help support the growing demand, Bahamas Turbines Limited (BTL), a subsidiary of FOCOL Holdings Limited, placed an order for two TM2500 aeroderivative gas turbine packages to temporarily expand the Clifton Pier power station located on New Providence Island.

“Reliable electricity is essential for economic development and modern living, and our aeroderivative mobile technologies are designed to deliver fast power wherever it is needed, both on-grid and off-grid,” said Dave Ross, CEO of GE Vernova’s Gas Power business in the Americas. “With more than five decades of presence across the Caribbean and Central America, we are pleased to support BTL in strengthening generation capacity and improving energy reliability for residents and the tourism industry.”

Although the Caribbean region has significant renewable energy potential, many islands still rely heavily on heavy fuel oil and diesel generation. Solar energy also presents an important opportunity for The Bahamas, but integrating larger amounts of renewable generation requires a stable and responsive electricity grid.

“Given GE Vernova’s ability to rapidly deploy mobile gas turbine technology and associated plant equipment, we selected their TM2500 solution to meet our need for fast, flexible, and transportable generation capacity,” said Dexter Adderley, President & Chief Executive Officer of FOCOL Holdings Limited. “As renewable energy projects continue to expand and introduce more variability into the system, GE Vernova’s mobile aeroderivative units — each capable of generating up to 30 megawatts of electricity — are expected to support grid frequency stabilization, reduce outages, and help enable additional renewable integration.”

GE Vernova’s aeroderivative technologies are supporting utilities and operators throughout the region as they transition away from traditional heavy fuel oil-based generation toward fuels with lower carbon emissions, including natural gas and diesel. The TM2500 units are designed for high operational flexibility and can ramp up to full output within minutes, enabling operators to quickly respond to spikes in electricity demand while efficiently reducing generation when consumption declines.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a global energy company focused on Power, Wind, and Electrification technologies, supported by accelerator businesses. With more than 130 years of industrial experience, the company is helping drive the energy transition by supporting both electrification and decarbonization efforts worldwide. Headquartered in Cambridge, Massachusetts, GE Vernova operates in approximately 100 countries with around 85,000 employees.

GE Vernova’s Gas Power business develops advanced natural gas power generation technologies, services, and decarbonization solutions aimed at enabling a lower-carbon energy future. The business remains one of the world’s leading providers of gas turbines and power plant technologies with one of the industry’s largest installed fleets.

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