MARKHAM, Ontario (October 10, 2024) – GE Vernova’s Nuclear division (NYSE: GEV), in collaboration with GE Hitachi Nuclear Energy (GEH), has announced the selection of Velan Inc., a Montreal-based company, to provide engineering support and manufacture valves for the first BWRX-300 small modular reactor.

“Our partnership with Velan further strengthens the resilient and skilled Canadian nuclear supply chain, delivering significant economic benefits to the country,” stated Sean Sexstone, Executive Vice President, Advanced Nuclear, GEH. “This also positions Velan as a key supplier as we roll out our technology on a global scale. We will continue to explore opportunities to collaborate with Canadian suppliers to support the deployment of the BWRX-300.”

“Velan’s involvement in this project underscores our decades of leadership in the nuclear energy sector,” commented James A. Mannebach, Chairman and CEO of Velan Inc. “As we approach our 75th anniversary in 2025, we are exceptionally well-positioned to support this pivotal project and help shape the future of Canada’s nuclear energy landscape through Small Modular Reactor technology.”

GEH, in partnership with Ontario Power Generation, is developing the first BWRX-300 reactor at OPG’s Darlington facility. Initial site preparation is completed, with construction set to begin in 2025 and commercial operations expected by late 2029. A total of four 300 MW units are planned for the Darlington site. OPG’s decades of experience and solid track record in delivering on-time, on-budget nuclear refurbishments, combined with GEH’s nuclear expertise, sets the stage for success in advancing the energy landscape in other regions.

The BWRX-300 is a cornerstone of GE Vernova’s leadership in the energy transition. Besides aiding customers in meeting decarbonization targets, the BWRX-300 is designed to lower construction and operating expenses. Specifically, the BWRX-300 integrates existing fuel, simplifies plant design, uses proven components, and is based on a reactor design certified by the NRC.

About GE Vernova

GE Vernova (NYSE: GEV) is a globally focused energy company with specialized segments in Power, Wind, and Electrification, supported by accelerator businesses. Drawing on over 130 years of experience addressing the world’s challenges, GE Vernova is uniquely positioned to lead the energy transition, working to electrify the world while reducing its carbon footprint. GE Vernova helps customers power economies and provide essential electricity that impacts health, safety, security, and quality of life. GE Vernova’s headquarters are in Cambridge, Massachusetts, with approximately 75,000 employees across more than 100 countries. Guided by its purpose, “The Energy to Change the World,” GE Vernova’s technology helps create a more affordable, reliable, sustainable, and secure energy future.

GE Vernova’s Nuclear division, through its global alliance with Hitachi, is a leading provider of nuclear fuel bundles, services, and advanced nuclear reactor designs. Technologies include boiling water reactors and small modular reactors, such as the BWRX-300, one of the most straightforward yet innovative boiling water reactor designs. GE Vernova’s Nuclear fuel business, Global Nuclear Fuel (GNF), is a global leader in providing boiling water reactor fuel and related engineering services. GNF is a joint venture led by GE Vernova and Hitachi, Ltd., and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan.

GE Vernova’s mission is embedded in its name—retaining the legacy “GE” as a symbol of quality and innovation, while “Ver” (from “verde”) represents Earth’s lush ecosystems, and “Nova,” from the Latin “novus,” signifies a new, innovative era of low-carbon energy.

Forward-Looking Statements

This document contains forward-looking statements, referring to future events that are inherently uncertain. These statements often relate to GE Vernova’s expected future business and financial performance, product performance, the impact of services, and the results they may produce. Such statements often include terms like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” These forward-looking statements address matters that, by their nature, involve uncertainties, such as memoranda of understanding and the anticipated impact of relationships formed, proposals for contracts and projects, government review processes, investments, projects and their expected outcomes, and the effects of macroeconomic and market conditions, volatility in the global supply chain, and the world economy.

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WASHINGTON, D.C. — As a part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy (DOE) has awarded contracts to six companies to help build a domestic supply chain for fuels used in advanced nuclear reactors. Many of these reactors will depend on high-assay low-enriched uranium (HALEU) to achieve more compact designs, longer operating cycles, and improved efficiencies compared to current technologies. These contracts will enable the selected companies to bid for work related to deconversion services, an essential element of the HALEU supply chain. Strengthening the domestic HALEU supply chain will help reinforce the U.S.’s leadership in the nuclear energy sector, providing affordable and reliable carbon-free energy to more homes and businesses.

“Establishing a robust and dependable domestic nuclear fuel supply chain is essential for the nation to meet the President and Vice President’s ambitious climate objectives, while also protecting the environment and creating well-paying, high-quality jobs,” said U.S. Deputy Secretary of Energy David M. Turk. “This announcement highlights the Biden-Harris Administration’s unwavering commitment to enhancing our energy and national security by eliminating America’s dependence on Russian uranium for civilian nuclear power.”

“Nuclear energy is key to accelerating America’s clean energy future,” stated Ali Zaidi, Assistant to the President and National Climate Advisor. “Strengthening our domestic uranium supply will not only advance President Biden’s historic climate agenda but also enhance America’s energy security, create well-paying union jobs, and boost our global economic competitiveness. The road to enhanced energy security and greater climate solutions is paved with investments like these, being made at an unprecedented scale by President Biden. This is a win for our economy, for America’s union workforce, and for our planet.”

HALEU deconversion plays a vital role in the fuel supply chain for advanced nuclear reactors. HALEU refers to uranium enriched between 5 and 20 percent, increasing the amount of fissile material to make the fuel more efficient. After enrichment—performed in gaseous uranium hexafluoride form—the material must be deconverted to either oxide or metal forms, which are then fabricated into fuel for advanced reactors.

Nuclear power is the largest source of carbon-free energy in the U.S., providing reliable, firm, and safe electricity. Advanced nuclear technologies using HALEU fuels represent a crucial suite of innovations that will help the U.S. achieve its emissions targets and support America’s recent commitment, along with 24 other countries, to triple global nuclear power by 2050. Currently, the U.S. lacks commercial HALEU enrichment and deconversion services to support the deployment of advanced reactors, which are vital for meeting President Biden and Vice President Harris’s climate and greenhouse gas reduction goals. The DOE also intends to award contracts for enrichment services, which are critical for the complete HALEU supply chain.

Six companies have been awarded contracts, fostering strong competition and enabling the DOE to choose the best candidates for future work. Each contract can last up to 10 years, with a minimum value of $2 million per awardee, and up to $800 million available for these services, contingent on appropriations.

The selected companies include:

• BWXT
• Centrus
• Framatome
• GE Vernova
• Orano
• Westinghouse

The HALEU that the DOE acquires through these contracts will support reactors being developed as part of the DOE’s Advanced Reactor Demonstration Program, such as TerraPower’s Natrium reactor and X-energy’s Xe-100.

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• Three GE Vernova 7HA.03 Gas Turbines to be Deployed at Kansai Electric Power Company in Osaka
• The replacement of outdated conventional LNG power generation systems (three boilers and three steam turbines) with GE Vernova’s state-of-the-art technology is projected to enhance the plant’s performance while decreasing CO₂ emissions.

TOKYO, JAPAN (October 8, 2024) — GE Vernova Inc. (NYSE: GEV) announced the receipt of an order for three GE Vernova 7HA.03 gas turbines, which are slated for installation at Kansai Electric Power Company’s Nanko power station in Osaka, Japan. These cutting-edge turbines will replace existing, aging LNG-based power generation equipment (comprising three boilers and three steam turbines) and are expected to boost operational efficiency while lowering carbon dioxide emissions.

Japan has committed to ambitious net-zero goals by 2050, as outlined in its Nationally Determined Contribution (NDC). According to GE Vernova’s recently published “2024 Japan Energy Outlook” White Paper, the nation’s energy system is undergoing significant change. The government has focused on achieving decarbonization through increased investment in low-carbon energy sources and adherence to “Economic Efficiency,” one of the three pillars in the revised 6th Strategic Energy Plan (also featuring “Safety plus Energy Security” and “Environmental Sustainability”).

“The plant is expected to deliver up to 1.8 gigawatts (GW) of electricity to the grid and rank among the most efficient facilities in Japan,” stated Ramesh Singaram, President and CEO of GE Vernova’s Gas Power, Asia. “Moreover, the 7HA.03 gas turbine technology can currently combust up to 50% hydrogen mixed with natural gas, with a roadmap toward 100% hydrogen usage over the next decade. We’re excited to introduce this innovative technology to Kansai Electric, a long-term partner of ours built on mutual respect and trust, helping rejuvenate Japan’s power sector with more efficient, sustainable solutions that align with the nation’s energy goals.”

In addition to delivering the turbines, GE Vernova will provide field services for their maintenance.

As a pivotal player in Japan’s energy transition, GE Vernova has supported the country’s power generation needs for over 130 years. Today, the company provides more than 50% of Japan’s heavy-duty gas power capacity, while also addressing growing demands for renewable and nuclear energy.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a global energy leader with segments dedicated to Power, Wind, and Electrification, along with accelerator businesses. With over 130 years of experience solving global challenges, GE Vernova is uniquely positioned to spearhead the energy transition by driving electrification while actively working to decarbonize the world. GE Vernova helps customers power economies and deliver essential electricity that enhances health, safety, security, and overall quality of life. Headquartered in Cambridge, Massachusetts, GE Vernova employs over 75,000 people in more than 100 countries. Through its commitment to “The Energy to Change the World,” GE Vernova delivers technologies that support a more affordable, reliable, sustainable, and secure energy future. Learn more at GE Vernova and LinkedIn. GE Vernova’s Gas Power division provides advanced, efficient gas-powered technologies and services, including decarbonization solutions to support a lower-carbon future. The division holds the industry’s largest gas turbine fleet, with around 7,000 turbines installed worldwide.

Forward-Looking Statements

This document contains forward-looking statements — that is, statements about future events that inherently involve some degree of uncertainty. These statements often relate to GE Vernova’s anticipated future business operations, financial performance, and product capabilities, including their impact on reducing carbon dioxide emissions. Such statements frequently contain terms like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “will,” “would,” “estimate,” “forecast,” “target,” or “range.” Forward-looking statements inherently address uncertain matters, such as planned or potential transactions, investments, or projects, and the anticipated outcomes. They also reflect on how macroeconomic and market conditions, along with global supply chain and economic volatility, might impact GE Vernova’s operations, financial results, and market position.

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• GE Vernova to deliver Propulsion Load Systems (PLS) for testing the U.S. Navy’s next-generation advanced surface vessels
• The contract supports the evaluation of shipboard propulsion systems for the U.S. Navy’s FFG-62 Class frigates and the upcoming DDG(X) vessels in a controlled land-based environment, aimed at reducing risks and training the crew.
• This award builds on GE Vernova’s expertise in electrical power conversion, including complex load testing systems for naval applications.

CAMBRIDGE, Mass. — October 03, 2024 – GE Vernova Inc. (NYSE: GEV) has announced that its Power Conversion division has secured a contract to design and provide a Propulsion Load System (PLS) for the U.S. Navy’s land-based testing facilities. This initiative supports the development of a new class of advanced naval surface vessels. The PLS systems will be used to rigorously assess the performance and reliability of shipboard propulsion systems in a controlled, land-based setting before they are deployed at sea.

Contract Overview

The scope of the contract, booked in Q2 2024, includes the design, manufacturing, delivery, and installation of two independent PLS units at a U.S. Navy facility over the next three years. The program, overseen by the Naval Surface Warfare Center Philadelphia Division (NSWCPD), will serve as the primary testing and qualification site for propulsion systems of next-generation naval vessels like the FFG-62 and DDG(X). By simulating real-world shipboard conditions, the PLS is designed to mitigate technical risks, accelerate development timelines, and prepare crews for future deployments, giving the Navy a strategic advantage.

The system is expected to incorporate a full array of power conversion technologies, including propulsion load electric motors, E-houses, power electronic motor drives, switchboards, motor control centers, load banks, transformers, and other necessary infrastructure.

“GE Vernova is honored to contribute to the U.S. Navy’s future naval capabilities by delivering cutting-edge testing solutions that reduce technological risks and help prepare crews for the next generation of surface vessels,” said Ed Torres, Business Line Leader of GE Vernova’s Power Conversion division. “This contract underscores our commitment to advancing naval technology through reliable and efficient propulsion load management systems.”

Technological Significance

This contract further consolidates GE Vernova’s leadership in providing more energy-efficient electric propulsion solutions for complex naval operations. With over 40 U.S. Navy and U.S. Coast Guard vessel references, decades of experience with land-based test facilities, and successful integration of similar systems in projects such as the Columbia Class and Zumwalt Class, GE Vernova continues to demonstrate its expertise in this field.

Program Background

The award is part of the U.S. Navy’s Program Executive Office (PEO) Ships under the management of the PMS 515 (frigates) and PMS 460 (DDG(X) program) offices, with technical and programmatic oversight by the NSWC. This contract is administered through the Maritime Sustainment Technology and Innovation Consortium (MSTIC) and managed by Advanced Technology International (ATI), marking the largest agreement awarded to date under the MSTIC Other Transaction Authority (OTA).

This is GE Vernova Power Conversion’s first OTA award. OTAs offer the U.S. Department of Defense (DoD) and other government bodies the flexibility to innovate, prototype, research, and produce by adapting business practices that align with commercial industry standards. These agreements promote more flexible, quicker, and cost-efficient product design and execution.

Forward-Looking Statements

This document contains forward-looking statements related to future events, addressing uncertainties that may arise. These statements focus on GE Vernova’s projected business and financial performance, the expected performance of its products, and the potential impact of its services. They often include terms like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” By their nature, forward-looking statements involve uncertainty, including planned and potential transactions, investments, and projects, as well as the impact of global market conditions and supply chain dynamics.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a globally focused energy company with specialized segments in Power, Wind, and Electrification, supported by its accelerator businesses. With over 130 years of experience addressing the world’s challenges, GE Vernova is uniquely positioned to lead the energy transition by continuing to electrify the world and work toward decarbonization. GE Vernova helps customers power economies and provide electricity that is vital for health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., and employs approximately 75,000 people across more than 100 countries. Guided by its purpose, The Energy to Change the World, GE Vernova’s technology aims to deliver a more affordable, reliable, sustainable, and secure energy future.

GE Vernova’s Power Conversion division delivers energy conversion technologies, systems, and services across the power and energy-intensive industries, driving the electric transformation of the world’s energy and industrial infrastructure.

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LONDON (September 26, 2024) — GE Vernova’s Nuclear division, GE Hitachi Nuclear Energy (GEH), has advanced to the next phase of the Great British Nuclear (GBN) Small Modular Reactor (SMR) competition.

This SMR competition is a crucial component of the UK government’s strategy to revive nuclear energy and establish the country as a leader in the global race to develop state-of-the-art nuclear technologies. The shortlist has been narrowed down to four contenders, with the next phase offering successful companies the chance to secure government contracts.

GEH’s 10th-generation SMR design, the BWRX₋300, builds upon decades of practical operational experience and innovation. It utilizes a standardized design, a proven delivery model, and GEH’s expertise in international regulatory cooperation. In collaboration with Ontario Power Generation (OPG), GEH is working on the first BWRX₋300 at OPG’s Darlington site near Toronto. Initial site preparation has been completed, with construction set to begin in 2025 and commercial operations expected to start by the end of 2029. Four 300 MW units are planned for the Darlington site.

Andy Champ, GEH’s UK Country Leader, stated: “We have significant ambitions for deploying our SMR technology in the UK, and we are proud to progress to the next stage of GBN’s competition. With site works already underway in Canada for our first BWRX₋300—the most advanced SMR project in the G7—we are well-positioned to lead SMR deployment in the UK by leveraging our expertise in other markets.”

Sean Sexstone, Executive Vice President of Advanced Nuclear at GEH, added: “As the UK seeks to provide cleaner, cheaper, and reliable energy solutions, the BWRX₋300 presents a simplified, safer, and scalable design that has been thoroughly tested. We are ready to partner with GBN and the UK government to fulfill our shared nuclear ambitions in the UK, fast-tracking the energy transition.”

With a long-standing presence in the UK, GE Vernova has a significant local footprint, operating four manufacturing facilities and providing over 30 percent of the country’s electricity through its technologies.

GEH is committed to further developing its strong UK supply chain for the BWRX₋300, having recently signed a series of Memoranda of Understanding (MoUs) with Aecon, AtkinsRéalis, Jacobs, and Laing O’Rourke. These agreements build on GEH’s previous collaboration with Sheffield Forgemasters to explore how the Sheffield-based company’s forgings could support BWRX₋300 deployment in the UK. Earlier this year, GEH also hosted an SMR supply chain conference in Sheffield, attended by more than 150 UK businesses.

About GE Vernova

GE Vernova (NYSE: GEV) is a globally focused energy company that includes Power, Wind, and Electrification divisions, supported by its accelerator businesses. With over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to lead the energy transition by electrifying the world while working to decarbonize it. GE Vernova helps customers power economies and provide electricity that is critical for health, safety, security, and improved quality of life. Headquartered in Cambridge, Massachusetts, GE Vernova employs approximately 75,000 people across more than 100 countries. Its purpose, The Energy to Change the World, fuels GE Vernova’s technology in delivering a more affordable, reliable, sustainable, and secure energy future.

GE Vernova’s Nuclear division, through its global alliance with Hitachi, is a leading provider of nuclear fuel bundles, services, and advanced nuclear reactor designs. This includes boiling water reactors and small modular reactors, such as the BWRX₋300, one of the most innovative and straightforward boiling water reactor designs. GE Vernova’s Nuclear fuel business, Global Nuclear Fuel (GNF), is a world leader in providing boiling water reactor fuel and fuel-related engineering services. GNF is a GE Vernova-led joint venture with Hitachi, Ltd., operating primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan.

GE Vernova’s mission is reflected in its name: the “GE” symbolizes a legacy of quality and ingenuity, while “Ver” (from verde) refers to Earth’s lush ecosystems, and “Nova” (from Latin novus) signals a new era of lower-carbon energy.

Forward-Looking Statements

This document contains forward-looking statements related to future events, which inherently involve uncertainties. These statements often refer to GE Vernova’s expected business performance, product results, and the impact of its services. They typically include words like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” These forward-looking statements address matters that are, to varying degrees, uncertain, such as planned and potential transactions, contracts, project proposals, and the influence of macroeconomic factors on business operations, financial results, and the global supply chain.

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• GE Vernova has been selected for a $1 million initiative spanning three years to create an AI Assistant designed for safe hydrogen (H₂) management and to support training and permitting processes essential for hydrogen infrastructure development.
• GE Vernova will spearhead the “H₂Net” project, which includes collaborations with Clemson University and Roper Mountain Science Center.
• These federal investments in hydrogen technologies are a step towards a more sustainable future, reducing carbon emissions and creating new economic opportunities across the United States.

GREENVILLE, USA (September 26, 2024) — Today, GE Vernova Inc. (NYSE: GEV) announced that the U.S. Department of Energy’s (DOE) Hydrogen and Fuel Cell Technologies Office (HFTO) has selected the company to lead a project aimed at facilitating permitting and ensuring safety in hydrogen deployments. The primary goal is to address challenges related to siting, permitting, and installation, covering the entire hydrogen value chain, from production to end-use applications. The “H₂Net” project, led by GE Vernova, brings together Clemson University and Roper Mountain Science Center, based in Greenville, SC. GE Vernova is entering negotiations with the DOE for a $1 million federal funding agreement to define the project’s scope and terms.

As part of the H₂Net program, the team will develop an AI-based tool, named HySAGE (Hydrogen Smart Assistant for Governance Execution), which will be specially trained to handle critical documents for safe H₂ operations and regulatory approvals. The tool will undergo validation at GE Vernova’s Gas Turbine Manufacturing and Technology Center in Greenville, SC. HySAGE will incorporate advanced modeling capabilities and ensure compliance with environmental scenarios, relevant standards, and codes, offering enhanced flexibility and precision in the permitting process.

“These investments in clean hydrogen reflect the Administration’s commitment to fostering a future powered by zero-carbon energy while generating substantial economic benefits nationwide,” said U.S. Secretary of Energy Jennifer M. Granholm. “This initiative will complement other groundbreaking hydrogen projects, like the Hydrogen Hubs and new electrolysis technologies, further driving the clean hydrogen economy, delivering high-quality jobs, and rejuvenating American manufacturing.”

Dr. Sunita Satyapal, director of DOE’s Hydrogen and Fuel Cell Technologies Office, emphasized the importance of technological progress for hydrogen infrastructure: “The success of clean hydrogen hubs depends heavily on technological advancements, which will unlock hydrogen’s economic potential. Simultaneously, as we expand hydrogen infrastructure, it’s crucial to streamline the siting and permitting process to ensure safety and efficiency. These projects will support the Administration’s larger hydrogen investments and help us move toward a cleaner energy landscape.”

“We’re honored to support the DOE’s mission to reduce CO₂ emissions and accelerate the transition to a lower-carbon economy,” said Jeremee Wetherby, Carbon Solutions Leader at GE Vernova. “Our project will harness the power of AI to explore innovative, safe solutions for hydrogen deployment, while offering valuable training opportunities to both the workforce and the community. We’re also excited to collaborate with Clemson University and Roper Mountain Science Center, whose expertise in AI applications and K-12 science education will be instrumental in achieving project success.”

Clemson University’s Dr. Xiaoyong (Brian) Yuan, Assistant Professor in the Holcombe Department of Electrical and Computer Engineering, expressed enthusiasm about the collaboration: “Our partnership with GE Vernova will leverage our knowledge in AI and language models to overcome technical barriers and facilitate the safe deployment of hydrogen technologies.”

Michael Weeks, Director of Roper Mountain Science Center, added: “We are thrilled to bring the next generation of workers into the world of hydrogen energy through hands-on educational programs. This investment will support our goal of educating for a more sustainable future.”

About GE Vernova

GE Vernova (NYSE: GEV) is a global energy company focusing on Power, Wind, and Electrification, supported by its accelerator businesses. With over 130 years of experience addressing global challenges, GE Vernova is committed to leading the energy transition by advancing electrification while simultaneously working to decarbonize the planet. The company’s innovations help deliver affordable, reliable, and sustainable energy, vital to the well-being and prosperity of communities worldwide. GE Vernova is headquartered in Cambridge, Massachusetts, and employs over 75,000 people across more than 100 countries. The company is driven by its purpose: “The Energy to Change the World.” GE Vernova’s Gas Power division is a leader in natural gas-powered technologies and services, boasting an installed base of around 7,000 gas turbines globally.

GE Vernova’s name reflects its mission—“GE” symbolizes its rich heritage, while “Ver” (from “verde,” meaning green) represents its commitment to sustainability, and “Nova” (from Latin “novus”) signals a new era of innovative, low-carbon energy solutions.

Forward-Looking Statements

This document includes forward-looking statements that address future events with varying levels of uncertainty. These statements often discuss GE Vernova’s anticipated business and financial performance, including product performance and service impacts, using terms such as “expect,” “anticipate,” “plan,” “believe,” “seek,” “will,” “estimate,” “forecast,” and similar expressions. Forward-looking statements inherently involve uncertainties, such as potential future investments or projects, the impact of macroeconomic conditions on business operations, and market volatility, all of which may influence the company’s future performance.

Disclaimer

This report was prepared as part of a project sponsored by a U.S. Government agency. The U.S. Government and its agencies do not provide warranties or assume legal liability for the accuracy or usefulness of the information presented here, nor does mention of specific products or services imply endorsement.

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• New investments are expected to double valve manufacturing capacity and enhance HVDC transformer production.
• The expansion will support renewable energy projects across Europe, Asia, and North America, and accelerate the UK’s energy transition.
• The company is hiring hundreds of local engineers and skilled workers to assist with valve assembly and testing.

Stafford, UK (September 24, 2024) – GE Vernova Inc. (NYSE: GEV) has today announced the expansion of its existing manufacturing facilities in Stafford, UK. This expansion is driven by the increasing demand for High-Voltage Direct Current (HVDC) transmission systems, which are crucial for powering renewable energy projects across Europe, Asia, and North America, while also facilitating the UK’s energy transition.

The expansion will focus on two key locations of its Electrification Systems’ Grid Solutions division in Stafford:

Stafford HVDC Facility at Redhill – HVDC and Flexible AC Transmission Systems (FACTS) valves: This facility is expected to double its valve manufacturing capacity by installing an additional Voltage-Sourced Converter (VSC) valve assembly line. These valves, which are regarded as the “heart” of an HVDC converter station, enable efficient power transmission from offshore wind farms and other renewable energy sources to the grid.

Stafford Transformer Facility at Lichfield Rd – HVDC converter transformers: Significant upgrades will take place at this site to increase capacity and improve the production of HVDC converter transformers, essential for integrating renewable energy into the grid. Transformers manufactured here have recently been deployed in the North Sea to support the 1.4 GW Sofia Offshore Wind Farm.

“Helping our customers deliver sustainable, affordable, and reliable energy to people worldwide is central to GE Vernova’s mission,” said Philippe Piron, CEO of GE Vernova’s Electrification Systems business. “By expanding our Stafford operations, we are reinforcing our ability to support the global energy transition and creating new jobs as a result.”

This expansion represents GE Vernova’s second major round of investment in its Stafford facilities. In 2018, the company established one of the world’s most advanced HVDC valve test facilities and a control system testing center, which now supports large-scale testing and validation of HVDC systems for projects across Europe and beyond.

As part of this expansion, GE Vernova’s Grid Solutions division expects to create approximately 600 new jobs in the UK between 2023 and the end of 2025, including hundreds of engineers and skilled workers to assist with the assembly and testing of the valves.

GE Vernova’s Grid Solutions division recently entered into an agreement to supply HVDC systems for five of TenneT’s offshore wind projects. These initiatives are part of the Dutch-German Transmission System Operator’s ambition to connect 40 GW of offshore wind farms to the high-voltage grids in the Netherlands and Germany. The valves and transformer technologies for these projects are set to be manufactured at the Stafford facilities, further emphasizing the critical role these sites play in Europe’s energy transition.

GE Vernova operates three manufacturing sites in Stafford. In addition to the HVDC and Transformer sites, the UK’s only large-scale grid manufacturing facility also houses a Grid Automation site at Redhill. The ongoing expansion ensures Stafford remains a pivotal hub for the production of clean energy technologies, meeting both local and global energy needs.

With over 120 years of experience in the UK, GE Vernova equipment contributes to more than 30% of the country’s electricity generation. Outside of Stafford, GE Vernova also operates another major manufacturing facility in Rugby.

Forward Looking Statements

This document contains forward-looking statements—specifically, statements related to future events that inherently involve uncertainty. These forward-looking statements address GE Vernova’s expected business and financial performance, the expected performance of its products, the impacts of its services, and the results they may generate. These statements often include words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Such forward-looking statements inherently involve uncertainty, addressing potential transactions, investments, projects, and their anticipated outcomes, as well as the influence of macroeconomic and market conditions on business operations, financial results, financial standing, and the global supply chain and economy.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-driven global energy company that includes Power, Wind, and Electrification segments, supported by its accelerator businesses. With over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to lead the energy transition by continuing to electrify the world while working to decarbonize it. GE Vernova helps customers power economies and provide electricity that is vital to health, safety, security, and quality of life. Headquartered in Cambridge, Massachusetts, U.S., GE Vernova employs approximately 75,000 people across more than 100 countries worldwide. Guided by the company’s mission, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.

GE Vernova’s Grid Solutions division empowers the world with advanced grid technologies and systems, enabling the transmission and distribution of power from generation points to consumers, and supporting a decarbonized and secure energy transition.

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• GE Vernova tapped to provide Integrated Battery Energy Storage (BESS) system for stages 1 and 2 of Quinbrook’s Supernode Storage Project in Queensland
• In one of Australia’s largest energy storage projects, the Supernode initiative in Queensland is set to optimize the storage of renewable energy from wind and solar sources.

CAMBRIDGE, Mass. (September 16, 2024) – GE Vernova Inc. (NYSE: GEV) has been awarded a contract by Quinbrook Infrastructure Partners (Quinbrook) to act as the integration provider for the Battery Energy Storage System (BESS) in the second phase of the Supernode project. This phase includes a 250 MW/1,000 MWh storage system, located in Queensland, Australia.

The Supernode project, spearheaded by Quinbrook, aims to establish a large-scale BESS and data center facility in Queensland. Once fully realized, the site will host a 750 MW BESS with a 2–4 hour capacity, positioning it as one of the most significant battery storage systems in the Australian energy market. The 250 MW/1,000 MWh storage system currently under development represents the second phase of the three-stage Supernode project. Earlier this year, GE Vernova also secured the contract for Stage 1, which involves integrating a 250 MW/500 MWh BESS that is now in progress.

“We are confident that GE Vernova’s comprehensive product offerings, combined with our technical expertise and project execution abilities, are perfectly aligned with the demands of the Supernode project,” said Ed Torres, Head of GE Vernova’s Solar & Storage Solutions division. “This partnership showcases the depth of our value proposition and our capabilities in the energy storage space. We look forward to continuing our role as a trusted partner in delivering large-scale BESS projects in this region and globally. Our sincere thanks to Quinbrook for their continued trust in GE Vernova as a key technology provider for this transformative project.”

GE Vernova’s role encompasses the supply and commissioning of key components, including power conditioning systems, SCADA systems for power plant control, and harmonic filtering. Additionally, they are tasked with engineering integration and providing GPS connection support.

Quinbrook, an investment firm specializing in energy transition infrastructure, focuses on renewable energy, storage solutions, and grid advancements. Their portfolio spans projects in the U.S., UK, and Australia.

Forward-Looking Statements

This document contains forward-looking statements, which are inherently uncertain as they pertain to future events. These statements may relate to GE Vernova and Quinbrook’s anticipated business operations, financial outcomes, or the expected performance of their products and services. Forward-looking statements often include words like “expect,” “anticipate,” “intend,” “plan,” “believe,” “will,” “estimate,” “forecast,” or similar expressions. Given the inherent uncertainty of such projections, actual results may vary due to a range of macroeconomic and market factors.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a leading global energy company focused on Power, Wind, and Electrification, supported by a network of accelerator businesses. With over 130 years of experience addressing the world’s most pressing challenges, GE Vernova is at the forefront of the energy transition, working to electrify the world while simultaneously driving decarbonization efforts. Serving customers across over 100 countries, GE Vernova’s 75,000 employees are dedicated to advancing affordable, reliable, and sustainable energy solutions. Headquartered in Cambridge, Massachusetts, the company remains committed to its mission: The Energy to Change the World. To learn more, visit GE Vernova or follow on LinkedIn.

GE Vernova’s Solar & Storage Solutions division provides cutting-edge technology in solar power, battery energy storage, and plant control systems, playing a critical role in the shift towards cleaner, dispatchable energy sources.

• GE Vernova has introduced its latest innovation, the 6 MVA 2000 Vdc inverter, engineered to optimize scalability and reduce costs for utility-scale solar installations.
• This new inverter will be tested in a pilot project at a multi-megawatt solar park in North America, with plans to have it operational by Q1 2025.
• GE Vernova’s project partners include Shoals Technologies and a major PV module supplier, working together to advance this significant renewable energy initiative.

CAMBRIDGE, Mass. (September 11, 2024) – GE Vernova Inc. (NYSE: GEV) today announced the launch of its cutting-edge 6 MVA, 2000-volt direct current inverter designed for large-scale solar power plants. The first pilot installation of this inverter is planned for a multi-megawatt solar park in North America. This effort underscores GE Vernova’s commitment to driving down solar energy costs and advancing the global shift toward decarbonization and renewable power.

Pioneering Solar Inverter Technology

GE Vernova has a history of trailblazing in solar inverter technology, having launched the first 1500 Vdc inverter in 2012. This breakthrough allowed solar farms to improve efficiency and reduce costs through better layout designs. Building on this legacy, the new 2000 Vdc inverter continues to drive down the levelized cost of energy (LCoE) for solar power projects. By boosting energy output by 30% within the same physical space, the inverter enhances both the scalability and cost-effectiveness of utility-scale solar installations.

“At GE Vernova, we’re shaping the future of utility-scale solar energy,” said Ed Torres, Business Leader at GE Vernova’s Solar & Storage Solutions division. “Inverters play a vital role in expanding solar capacity by ensuring efficient conversion of energy. Our latest innovations will help solar farms maximize their potential and contribute to a sustainable energy future.”

Solar inverters are essential for photovoltaic (PV) systems, converting the direct current (DC) power generated by solar panels into alternating current (AC) that can be fed into the power grid. The 2000 Vdc FLEXINVERTER, also known as the FLEXINVERTER 2 kVdc, is the newest member of GE Vernova’s FLEXINVERTER product family.

Collaborating for a Sustainable Future

The FLEXINVERTER 2000 Vdc will have its first application in a multi-megawatt solar park, which is expected to be operational by the first quarter of 2025. GE Vernova is collaborating with Shoals Technologies Group™ and a PV module supplier to make this project a reality. GE Vernova will supply the inverters, while Shoals Technologies will provide the electrical balance of system (EBOS) solutions, and the PV module supplier will deliver the necessary solar panels.

“We are excited to be a part of this partnership with leaders in solar innovation,” said Jeff Tolnar, President of Shoals Technologies Group. “This collaboration represents a step forward in reducing the cost of solar installations, which will help accelerate the transition to solar as the most affordable renewable energy option.”

Forward-Looking Statements

This document contains forward-looking statements, which refer to future events that involve uncertainties and risks. Such statements often use words like “expect,” “anticipate,” “intend,” “plan,” “believe,” and “estimate,” and they pertain to GE Vernova’s expected business performance, future product outcomes, and overall market impact. These statements address matters that are subject to change, including the impact of macroeconomic trends, market volatility, and global supply chain disruptions.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a global energy company focused on delivering sustainable solutions across power, wind, and electrification. With over 130 years of expertise in addressing the world’s energy challenges, GE Vernova is leading efforts to electrify and decarbonize the global energy sector. The company’s 75,000 employees across more than 100 countries are dedicated to providing cleaner, more reliable, and affordable energy solutions. Headquartered in Cambridge, Massachusetts, GE Vernova’s purpose is encapsulated in its mission: “The Energy to Change the World.” Its technology helps power the global economy while promoting a more sustainable future.

GE Vernova’s Solar & Storage Solutions division delivers technologies in solar energy, battery storage, and power plant controls, designed to offer reliable renewable energy and accelerate the world’s transition to a cleaner energy future.

About Shoals Technologies

Founded in 1996, Shoals Technologies Group is a leading provider of electrical balance of systems (EBOS) solutions for the energy transition market. Shoals’ innovative technologies enable clients to significantly improve installation efficiency, safety, and system reliability, making the company a key player in the renewable energy industry.

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• GE Vernova has introduced the RESTORE DC Block, a modular BESS solution designed to enhance safety, efficiency, and long-term performance for large-scale utility projects.
• This solution features a capacity of 5MWh and a duration range of 2-8 hours, providing energy providers with an upgraded energy storage option that improves grid resilience, lowers costs, and optimizes the integration of renewable energy sources.
• With flexible installation options and cutting-edge technology, it guarantees reliable performance and scalability in various settings.

CAMBRIDGE, Mass. (September 10, 2024) – GE Vernova Inc. (NYSE: GEV) announced today the launch of its advanced containerized Battery Enabled Energy Storage (BESS) solution, the RESTORE DC Block, which offers improved safety, efficiency, adaptability, and durability. With its 5MWh capacity and an extended duration range of 2-8 hours, this solution supports various grid applications for utility-scale renewable energy and energy storage initiatives.

The RESTORE DC Block is a vital element of GE Vernova’s FLEXRESERVOIR system, an integrated approach that combines battery storage, power electronics, and sophisticated controls to facilitate the seamless incorporation of renewable energy sources such as solar and wind. By storing excess energy during peak generation times and releasing it during periods of high demand, it contributes to a more reliable and efficient grid.

“Our new RESTORE DC Block is designed not only to fulfill the rigorous technical demands of contemporary grids but also to emphasize safety, quality, delivery, and cost,” stated Ed Torres, Business Leader of GE Vernova’s Solar & Storage Solutions division. “This innovation reflects our commitment to advancing the energy transition by providing flexible, high-performance storage solutions that enhance renewable energy integration while reducing the Levelized Cost of Storage (LCOS).”

Key features of the RESTORE DC Block include:

• Safety First: The RESTORE DC Block is equipped with comprehensive fire protection systems, ensuring a high safety standard. The system is designed to minimize potential risks while providing protection against cyber threats, ensuring secure and dependable operations in all environments.
• Advanced Digital Technology: With integrated intelligent thermal management and high-speed edge analytics, the system enables precise monitoring of its state-of-charge, state-of-health, and state-of-safety, boosting operational efficiency and reliability. Additionally, it features zero-touch commissioning for swift and hassle-free deployment.
• Performance and Longevity: Utilizing liquid-cooled LFP (Lithium Iron Phosphate) cells, the RESTORE DC Block boasts an industry-leading round-trip efficiency (RTE) of over 93%, is capable of performing multiple back-to-back cycles, and is designed for consistent performance over a 25-year lifespan. It operates reliably across a wide temperature range from -30°C to 50°C, making it suitable for various climates and locations.
• Flexible Installation & Augmentation: The system’s design allows for versatile configurations, including back-to-back and side-to-side setups to maximize space. It also offers both AC and DC augmentation options, enabling customized scalability with a usage-based capacity guarantee.

The RESTORE DC Block empowers utility companies, renewable energy developers, and grid operators by enhancing grid resilience, reducing energy expenses, and optimizing renewable energy integration, thus facilitating the transition to a clean energy future.

Forward-Looking Statements

This document contains forward-looking statements that relate to future events, which inherently involve uncertainties. These statements address GE Vernova’s anticipated future business and financial performance, as well as the expected outcomes of its products and services, often featuring terms like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Such statements inherently cover uncertain matters, including potential transactions, investments, projects, and their anticipated results, as well as the effects of macroeconomic conditions on business operations and the global supply chain.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-driven global energy company encompassing Power, Wind, and Electrification segments, supported by its accelerator businesses. With over 130 years of experience addressing global challenges, GE Vernova is uniquely positioned to lead the energy transition by electrifying the world while working towards its decarbonization. GE Vernova aids customers in powering economies and delivering essential electricity that enhances health, safety, security, and quality of life. Headquartered in Cambridge, Massachusetts, U.S., GE Vernova employs approximately 75,000 people in over 100 countries. Guided by its mission, “The Energy to Change the World,” GE Vernova’s technology aims to provide a more affordable, reliable, sustainable, and secure energy future.

GE Vernova’s Solar & Storage Solutions division delivers technologies in solar energy, battery energy storage, and power plant controls to foster reliable and dispatchable renewable energy solutions, aiding the transition to a cleaner energy future.

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LONDON (September 9, 2024) – GE Vernova’s nuclear energy division, GE Hitachi Nuclear Energy (GEH), has solidified multiple Memorandums of Understanding (MoUs) with Aecon, AtkinsRéalis, Jacobs, and Laing O’Rourke to enhance the development and deployment of its Small Modular Reactor (SMR) technology in the United Kingdom.

These agreements represent a significant milestone in GEH’s pursuit of introducing its BWRX-300 SMR technology to the UK, aligning with its progress in the ongoing competition hosted by Great British Nuclear (GBN) for SMR deployment.

Aecon, responsible for construction services, project management, and execution for the Darlington New Nuclear Project in Canada, is among the partners. AtkinsRéalis, which serves as the project’s architect and engineer, is also part of the collaboration. With construction at Darlington scheduled to commence in 2025 and commercial operations targeted for 2029, these MoUs allow GEH to apply insights from the Canadian project to expedite progress in the UK.

Additionally, Jacobs will provide top-tier design expertise customized for the UK market, while UK-based Laing O’Rourke will offer its deep knowledge of modern construction techniques to support the program’s development.

These partnerships build upon GEH’s earlier collaboration with Sheffield Forgemasters, aimed at exploring how the company’s forgings can contribute to the deployment of the BWRX-300 in the UK.

Andy Champ, GEH UK Country Leader, stated, “Strategic alliances like these further solidify the foundation for successfully rolling out our BWRX-300 technology in the UK. These MoUs emphasize our commitment to closely collaborate with the UK nuclear supply chain, ensuring that the SMR competition continues to bolster Britain’s ambition of becoming a leader in clean energy.”

He added, “As we plan to deploy the BWRX-300 in Canada, working alongside industry leaders enhances our capability to deliver this technology reliably and cost-effectively. This also strengthens our confidence in collaborating with Great British Nuclear to bring our SMR technology to the UK market.”

Thomas Clochard, Executive Vice President, Nuclear & Civil at Aecon Group Inc., expressed, “With five decades of nuclear expertise, Aecon is well-equipped to contribute to the development of the next generation of nuclear infrastructure, ensuring clean and reliable electricity for future generations. As the constructor of North America’s first grid-scale SMR—the GEH BWRX-300—we are excited to bring our unique nuclear project management and construction capabilities to the UK in collaboration with GEH and Great British Nuclear.”

Joe St Julian, President, Nuclear at AtkinsRéalis, highlighted, “At AtkinsRéalis, we have been working hand-in-hand with GEH and partners on the Darlington project, which is set to be the first commercial land-based SMR in the western world. We look forward to leveraging this experience in the UK, contributing to the country’s nuclear aspirations, including the government’s target of 24GW of nuclear power by 2050.”

Dawn James, Vice President at Jacobs, remarked, “Our collaboration with GEH is centered around building trust with government bodies and regulators, mitigating risks, and ensuring timely GDA approvals. Our deep understanding of UK nuclear regulatory requirements, along with our proven track record in nuclear licensing since 2007, will support our shared goal of bolstering UK energy security.”

Allan Gregory, Nuclear Delivery Director at Laing O’Rourke, added, “As an integral part of the UK’s nuclear supply chain, we are excited to support GEH’s BWRX-300 deployment. By leveraging our modern construction techniques and established partnerships, we aim to deliver GEH’s technology with utmost certainty, aligning with the UK’s 2030 clean energy goals.”

With a long-standing presence in the UK, GE Vernova maintains a significant local footprint, operating four manufacturing facilities and contributing to over 30% of the nation’s electricity through its technology. GEH has been actively working to build a robust UK supply chain for its SMR deployment, demonstrated by hosting a supply chain conference in Sheffield earlier this year, attended by over 150 UK businesses.

In a related development, GEH secured a £33.6 million grant from the UK’s Future Nuclear Enabling Fund (FNEF) in January 2024. Simultaneously, the company entered the Generic Design Assessment (GDA) process for the BWRX-300.

About GE Vernova

GE Vernova (NYSE: GEV) is a global energy company focused on advancing Power, Wind, and Electrification technologies. With over 130 years of innovation, GE Vernova is positioned to lead the energy transition, supporting electrification efforts while driving decarbonization initiatives. Headquartered in Cambridge, Massachusetts, GE Vernova employs approximately 75,000 individuals across more than 100 countries. Guided by its mission, “The Energy to Change the World,” GE Vernova aims to create a more affordable, reliable, and sustainable energy future.

GE Vernova’s Nuclear division, in alliance with Hitachi, provides advanced nuclear fuel bundles, services, and reactor designs, including small modular reactors like the BWRX-300. This innovative reactor design is one of the most simplified yet cutting-edge boiling water reactors available. Global Nuclear Fuel (GNF), a GE Vernova-led joint venture, operates primarily in the US and Japan, supplying nuclear fuel and fuel-related engineering services.

GE Vernova’s name reflects both its legacy and its commitment to a sustainable future. “GE” symbolizes the company’s enduring quality and innovation, while “Vernova” evokes the richness of Earth’s ecosystems (“ver”/“verde”) and a new era of clean energy (“nova”).

Forward-Looking Statements

This document includes forward-looking statements concerning future events and outcomes, which by nature are uncertain. These statements often refer to GE Vernova’s anticipated business performance, product outcomes, and financial results, and typically use terms like “expect,” “anticipate,” “plan,” and “estimate.” Such statements address uncertainties related to MoUs, contract proposals, government reviews, project bids, and the broader economic conditions affecting the company’s operations and the global supply chain.

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Waukesha, WI – September 3, 2024 – Prolec-GE Waukesha, Inc., a division of the global energy infrastructure leader Prolec GE, has announced today the acquisition of the remaining ownership interest in Menk USA LLC. Menk USA is a prominent North American manufacturer of cooling radiators designed for power grid transformers. Prolec GE Waukesha, which has held a partial stake in Menk USA since 2002, has now secured full ownership from the Menk-Schmehmann Group based in Germany, a top-tier expert in complex tube forming, welded assemblies, and steel structures for mobile cranes. This acquisition enables Menk USA to fully integrate into Prolec GE’s product lineup, enhancing the resilience of its supply chain and improving its strategic capabilities.

Prolec GE has maintained a fruitful partnership with Menk USA for over two decades, appreciating Menk’s reliability and quality as a supplier. The decision to acquire complete ownership aligns with Prolec GE’s strategic goals to fortify critical supply chains and collaborate closely with customers and suppliers, thus enhancing the availability of essential transformer components in the U.S. market. The shareholders of Menk-Schmehmann Group expressed their gratitude for the accomplishments of the Menk USA team over the past 20 years and their enthusiasm for the opportunities this acquisition presents for both the company and its workforce.

Ricardo Suarez, CEO of Prolec GE, remarked, “This acquisition signifies another pivotal moment in our development. Menk USA has been an invaluable partner, and now, as an entirely integrated entity, we look forward to harnessing our combined strengths to foster innovation and deliver greater value to our customers. We believe this strategic decision will further establish our leadership in the industry and open up new business avenues for our company.”

Chip Donahue, CEO of Menk USA, noted, “Our collaboration with Prolec GE has been both productive and rewarding for more than 20 years. By integrating into the Prolec GE family, Menk USA is now positioned optimally to enhance service for our current customers while exploring new avenues for growth and advancement. We are eager to continue our commitment to delivering the highest quality radiators available in the market, supported by Prolec GE’s resources.”

About Prolec GE

Prolec GE is a joint venture between Xignux and GE Vernova, recognized for over 25 years of quality manufacturing and dependable performance. The company stands as a leader in the electric industry across the Americas, operating eight strategically located manufacturing facilities in Mexico, the United States, and Brazil, and serving a diverse customer base in over 35 countries. Its comprehensive services in power transformers, along with a wide range of high voltage transformer components, support Prolec GE’s complete suite of solutions for the generation, transmission, and distribution of electrical energy for utilities, cooperatives, municipalities, renewable project developers, data centers, and original equipment manufacturers.

As a key industry supplier, Prolec GE is committed to delivering an exceptional customer experience, superior product quality, comprehensive solutions, and timely deliveries while actively pursuing innovative, responsible, and sustainable solutions to address industry challenges.

About Xignux

Xignux is a leader in both the energy and food sectors. Based in Monterrey, Mexico, the company manages a portfolio of businesses that energize life and society, contributing to a better world through the dedication and talent of over 30,000 employees across Mexico, the United States, and Brazil.

In the energy field, Viakable provides electrical conductors, while Prolec focuses on energy transformation and delivery. In the food industry, Qualtia offers an extensive range of cheeses, cold cuts, meats, and food service solutions, and BYDSA produces savory snacks. Through its Social Responsibility model and the Xignux Foundation, the company plays an active role in sustainable development in four key areas: energy, nutrition, education, and community development. Founded 68 years ago, Xignux’s solutions reach over 35 countries.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-driven global energy company that encompasses Power, Wind, and Electrification segments, along with its accelerator businesses. Drawing from over 130 years of experience in addressing the world’s challenges, GE Vernova is uniquely equipped to lead the energy transition, continuing to electrify while also focusing on decarbonization. GE Vernova assists customers in powering economies and providing essential electricity vital for health, safety, security, and improved quality of life. Headquartered in Cambridge, Massachusetts, GE Vernova employs approximately 75,000 individuals in over 100 countries worldwide. Guided by its mission, “The Energy to Change the World,” GE Vernova’s technologies aim to provide a more affordable, reliable, sustainable, and secure energy future.

About Menk-Schmehmann Group

The Menk-Schmehmann Group: Over 75 years of innovation and precision in metalworking.

The Menk-Schmehmann Group, which includes Menk, Schmehmann, and Schäfer-Menk, has been synonymous with exceptional expertise and innovative solutions in metal processing for over seven decades. With deep-rooted experience and cutting-edge machinery, this group has established itself as a leading specialist in complex tube forming, welded assemblies, and steel structures for mobile cranes.

Schmehmann: Tradition Meets High-Tech in Bad Marienberg

For over 75 years, Schmehmann, based in Bad Marienberg, Germany, has been a trusted partner for demanding projects in pipe forming and welding technology. The company’s strength lies in its successful blend of extensive experience and modern technology, allowing it to meet even the most intricate customer requirements with the highest precision and quality.

Schäfer-Menk: Premium Solutions for Mobile Cranes and Construction Machinery

Located in the Czech Republic, Schäfer-Menk is the premier partner for manufacturing steel structures for mobile cranes, construction machinery, and handling equipment. The company is known for its proactive and innovative approach, consistently delivering optimal solutions for its clients. Key competencies include innovation and industrialization in welding, supported by a lean organizational structure that promotes continuous productivity and efficiency improvements.

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DAMMAM, Saudi Arabia (September 02, 2024) – GE Vernova Inc. (NYSE: GEV) has successfully acquired Dussur’s 55% share in General Electric Saudi Advanced Turbines (GESAT), thereby becoming the sole owner of the company.

Established in 2017, GESAT has significantly contributed to Saudi Arabia’s gas turbine industry, specializing in the local production of high-performance F-class and H-class turbines. Additionally, the company manufactures key components and accessory modules.

GESAT, a successful joint venture, has delivered over 200 gas turbine modules to support power generation facilities in 10 different countries, including Saudi Arabia.

Aside from production milestones, GESAT has prioritized the transfer of technical knowledge by providing training programs for Saudi professionals in gas turbine assembly and manufacturing. These programs have been conducted at GE Vernova’s Greenville, U.S. facility, as well as the Belfort site in France.

Commenting on the divestment, Dr. Raed Alrayes, CEO of Dussur, stated, “Our decision to sell the shares to GE Vernova follows the successful achievement of our investment goals with GESAT. We have successfully trained and employed Saudi talent and transferred key technological expertise in gas turbine technology.”

He further explained, “Dussur’s investment approach focuses on fostering transformational industries that support the Kingdom’s supply chain. Once these sectors are stable and mature, we exit to pursue fresh opportunities that offer greater value to the local economy. We are proud of what GESAT has accomplished and confident it will continue to thrive under GE Vernova’s full ownership.”

Joseph Anis, President and CEO of GE Vernova’s Gas Power division for Europe, the Middle East, and Africa, expressed his gratitude for the partnership with Dussur, saying, “Since 2017, GE Vernova has been honored to collaborate with Dussur on GESAT. With nearly 90 years of experience in Saudi Arabia’s energy development, and 580 employees in the country, we are committed to supporting Saudi Vision 2030 by enhancing localization, economic diversification, and talent development. Moreover, we remain dedicated to accelerating the Kingdom’s transition to net-zero emissions by 2060.”

In April 2024, GE Vernova officially separated from GE (NYSE: GE) and began trading as an independent entity on the New York Stock Exchange. The company’s extensive technological portfolio, including 55,000 wind turbines and 7,000 gas turbines, helps generate approximately 25% of the world’s electricity, playing a crucial role in global and local energy transitions.

About the Saudi Arabian Industrial Investments Company (Dussur)

Dussur, a joint venture between the Saudi Public Investment Fund (PIF), Aramco, and Sabic, focuses on maximizing industrial development in Saudi Arabia by investing strategically with world-class partners. Their goal is to build modern industrial value chains that leverage the Kingdom’s resources.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a global energy company that encompasses Power, Wind, and Electrification segments, supported by its accelerator businesses. With over 130 years of innovation, GE Vernova is positioned to lead the energy transition by electrifying the world while working to decarbonize it. Headquartered in Cambridge, Massachusetts, GE Vernova employs approximately 75,000 people in more than 100 countries. Its mission, “The Energy to Change the World,” reflects its commitment to creating a sustainable, reliable, and secure energy future.

The company’s name reflects its legacy and mission. “GE” stands for its longstanding reputation for quality and innovation, while “Ver” and “Nova” symbolize a new era of environmentally conscious, sustainable energy solutions.

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• PLN Indonesia Power’s Tambak Lorok power plant, located in Central Java, has commenced operations, adding approximately 780 megawatts (MW) of electricity to the grid. This capacity is sufficient to supply energy to about 5 million households in Indonesia.
• This new power plant enhances grid stability, supports the growth of renewable energy, and contributes to the gradual phase-out of coal in the country. The Tambak Lorok combined cycle plant is equipped with GE Vernova’s advanced technology, including a 9HA.02 gas turbine, a steam turbine, and a Once Through Heat Recovery Steam Generator (HRSG).

JAKARTA, INDONESIA (August 30, 2024) – GE Vernova Inc. (NYSE: GEV) has announced the commercial operation of PLN Indonesia Power’s Tambak Lorok Combined Cycle Power Plant Block 3 (“Tambak Lorok”) in Tanjung Mas, Central Java. This milestone comes after the recent commissioning of GE Vernova’s 100th HA gas turbine worldwide. As Indonesia’s energy demands continue to rise, driven by economic and population growth, the Tambak Lorok plant will play a critical role in meeting the country’s electricity needs, potentially powering up to 5 million homes.

In alignment with Indonesia’s climate goals, which include phasing out coal-fired power plants by 2040 and achieving net-zero emissions by 2060, Tambak Lorok represents a significant step towards a cleaner energy future. The plant adds substantial capacity to Indonesia’s electricity grid, contributing to greater stability as the country transitions away from coal.

“The Tambak Lorok project is a key milestone for Indonesia, significantly enhancing the stability of our power grid,” stated Edwin Nugraha Putra, CEO of PLN Indonesia Power. “This project aligns with our national policy to reduce emissions in the power sector. As coal plants are retired, it is crucial to incorporate more reliable and flexible power sources. We are confident that GE Vernova, Marubeni Corporation, and Hutama Karya, as the EPC contractors, have delivered a power plant that meets the highest standards of quality and safety, providing sustainable electricity to the Java grid.”

Tambak Lorok is powered by GE Vernova’s state-of-the-art equipment, including a 9HA.02 gas turbine, STF-D650 steam turbine, and a Once Through HRSG. Beyond delivering the core equipment in a turnkey combined cycle configuration, GE Vernova is also providing a comprehensive solution that includes a 15-year service agreement. This agreement covers all aspects of the plant’s lifecycle, from training and maintenance to enhancing operational performance and reliability. The training component will help develop the skills of PLN IP’s operations team, facilitating knowledge transfer and boosting capability.

“Our HA technology has been chosen to boost power generation capacity in Indonesia and support the nation’s decarbonization efforts,” commented Ramesh Singaram, President and CEO, Asia, GE Vernova’s Gas Power. “In line with our commitment to Indonesia’s energy development and economic growth, our HA technology offers industry-leading low emissions, enabling customers like PLN Indonesia Power to reduce fuel consumption and carbon emissions. This technology will be instrumental in Indonesia’s transition to net-zero carbon emissions.”

With GE Vernova’s H-class technology, the Tambak Lorok plant produces significantly lower emissions—up to 60% less than other plants of a similar size powered by diesel, coal, or other fossil fuels. Additionally, GE Vernova’s H-Class gas turbines are capable of burning up to 50% hydrogen by volume when mixed with natural gas, with the potential to achieve 100% hydrogen capability in the future, further supporting the decarbonization of gas power.

About GE Vernova

GE Vernova (NYSE: GEV) is a global energy company dedicated to advancing the energy transition through its Power, Wind, and Electrification segments, supported by its accelerator businesses. With over 130 years of experience in addressing global challenges, GE Vernova is uniquely positioned to lead the charge in electrifying the world while simultaneously reducing carbon emissions. Headquartered in Cambridge, Massachusetts, GE Vernova employs over 75,000 people in more than 100 countries. The company’s mission, “The Energy to Change the World,” reflects its commitment to providing affordable, reliable, sustainable, and secure energy solutions. GE Vernova’s Gas Power division is at the forefront of developing advanced, efficient natural gas-powered technologies and services, along with solutions for decarbonization, supporting the transition to a lower-carbon future.

The name GE Vernova reflects the company’s legacy and mission—“GE” represents a history of quality and innovation, while “Ver” and “Nova” signify a commitment to a new, greener, and more sustainable era of energy.

Forward-Looking Statements

This document contains forward-looking statements, which are statements that anticipate future events and involve uncertainties. These statements often discuss GE Vernova’s expected future performance, including its business operations, financial condition, and the anticipated results of its products and services. Forward-looking statements can include terms like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “will,” and similar expressions. These statements are inherently uncertain and relate to future transactions, investments, and the impacts of global economic conditions on the company’s operations, financial results, and overall market position.

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• France’s Réseau de Transport d’Electricité (RTE) is set to collaborate with Grid Solutions, a division of GE Vernova, to introduce the world’s inaugural 245 kV SF₆-free gas-insulated substation (GIS) as part of their ongoing framework agreement.
• This project is a key component of RTE’s broader strategy to cut carbon emissions while modernizing its high-voltage grid infrastructure.
• The substation will feature the newly launched SF₆-free B105 GIS (B105g), a cutting-edge solution developed by GE Vernova’s Grid Solutions business with assistance from the European Union’s LIFE Program, which funds environmental and climate initiatives.
• The B105 GIS (B105g) employs g³ technology instead of SF₆, resulting in a roughly 99% reduction in CO₂-equivalent emissions from the gas, significantly mitigating its contribution to global warming.

Paris, FRANCE – August 29, 2024 – GE Vernova today announced that its Grid Solutions unit will manufacture, deliver, and commission the world’s first 245-kilovolt (kV) SF₆-free gas-insulated substation (GIS) for RTE in France. This project will utilize the advanced B105 SF₆-free GIS, enabling RTE to replace sulfur hexafluoride (SF₆)—a gas with a global warming potential 24,300 times greater than CO₂—with the g³ alternative. The g³ technology offers about a 99% reduction in CO₂-equivalent emissions compared to SF₆.

This initiative is part of RTE’s efforts to lower the carbon footprint of its transmission infrastructure by adopting SF₆ alternatives while supporting the energy transition through the integration of low-carbon energy. One 245 kV SF₆-free B105 GIS unit will prevent the release of approximately 20,000 tons of CO₂ equivalent into the high-voltage grid. The substation will also incorporate Grid Solutions’ SF₆-free F35g 145 kV, which has already proven reliable with six years of operational experience.

The 245 kV B105 Dual Gas GIS, co-funded by the EU’s LIFE Program, is a product of research by GE Vernova’s Grid Solutions business under the LIFE21 project named LIFE SF₆-free GIS. This three-and-a-half-year research initiative aimed to create a 245 kV substation that is SF₆-free and can operate with both SF₆ and g³ gases. The substation is designed to support networks up to 245 kV for onshore and offshore power generation and transmission, as well as for energy-intensive industrial applications.

GE Vernova’s Grid Solutions introduced the B105g GIS as part of its new GRiDEA decarbonization product line, launched at the CIGRE 2024 conference in Paris. The g³ technology offers a sustainable alternative to SF₆, an insulating and switching gas that has been a standard in high-voltage substation equipment for decades. Identified as a potent greenhouse gas by the 1997 Kyoto Protocol, SF₆ contributes to global warming at a rate 24,300 times that of CO₂ and can persist in the atmosphere for up to 1,000 years.

Khalid Abdallaoui, Executive Director in Charge of Asset Management and Investment Program at RTE, commented, “The future demands of the French electricity network are significant, and the decarbonization challenges are immense. RTE is collaborating with manufacturers to promote and implement technologies that will help achieve Net Zero by 2050. In 2023, we anticipated the near-term availability of a 245 kV SF₆-free GIS. Today, we are eager to be among the first to install the B105g GIS, the world’s first 245 kV SF₆-free substation, on our high-voltage grid.”

“RTE’s 245-kV SF₆-free GIS substation project underscores the market’s recognition of our SF₆-free technology as a transformative alternative,” said Vera Silva, CTO of GE Vernova Electrification. “With the introduction of our B105g GIS, we are on the brink of completing our SF₆-free GIS range, enabling transmission system operators in Europe and beyond to drastically reduce the carbon footprint of their substations by transitioning from SF₆ to the g³ gas mixture. Our SF₆-free GIS range up to 420 kV is expected to be finalized by 2026 with the 170 kV F35 Dual Gas GIS,” she added.

GE Vernova’s Grid Solutions g³ products deliver the same high performance and reliability as SF₆-based equipment but with a dramatically reduced environmental impact over their operational lifetime. Life-cycle assessments (LCAs), conducted in accordance with international ISO 14040/14044 standards, confirm that these products have a lower carbon footprint over a 40-year substation life cycle compared to SF₆ products. This reduced impact is achieved through a 99% decrease in the gas’s global warming potential compared to SF₆. Furthermore, since these SF₆-free switchgear maintain the same compact dimensions as SF₆ equipment, they do not require additional raw materials, thus avoiding any increase in manufacturing emissions.

The 245 kV B105 Dual Gas substation is one of several SF₆-free substation projects that RTE is implementing, ranging from 145 kV to 400 kV. Following the success of the Grimaud substation, RTE has commissioned the construction of multiple F35g 145 kV g³-gas insulated substations, T155g 420 kV GIS, and GL312g 145 kV live tank circuit-breakers for its air-insulated substations.

These SF₆-free products will be developed and manufactured in France.

Forward-Looking Statements

This document includes forward-looking statements, which inherently involve risks and uncertainties. These statements relate to future events, business performance, financial outcomes, and the anticipated performance of GE Vernova’s products and services. Such statements often include terms like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” These statements pertain to matters that are, to varying degrees, uncertain, such as potential transactions, investments, projects, and their expected results, as well as the impact of macroeconomic conditions on business operations, financial results, and the global supply chain.

About RTE

Réseau de Transport d’Électricité (RTE) is the French electricity transmission system operator, responsible for ensuring a constant supply of electricity across France with the support of its 9,500 employees. RTE manages electricity flows, balancing production and consumption in real time. The company maintains and develops the high and extra-high voltage grid (from 63,000 to 400,000 volts), which includes nearly 100,000 kilometers of overhead lines, 7,000 kilometers of underground lines, 2,900 substations, and around fifty cross-border connections. With 37 interconnections, France’s grid is the most extensive in Europe. RTE operates as an independent and neutral entity, optimizing and transforming the grid to accommodate future energy needs. RTE also provides expertise and reports to inform decisions made by public authorities.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a global energy company with segments in Power, Wind, and Electrification, supported by accelerator businesses. With over 130 years of experience addressing global challenges, GE Vernova is uniquely positioned to lead the energy transition, continuing to electrify the world while working to decarbonize it. GE Vernova helps power economies and deliver the electricity necessary for health, safety, security, and a better quality of life. Headquartered in Cambridge, Massachusetts, USA, GE Vernova employs approximately 75,000 people in over 100 countries. Guided by its purpose, “The Energy to Change the World,” GE Vernova’s technology helps create a more affordable, reliable, sustainable, and secure energy future. Learn more about GE Vernova on LinkedIn.

GE Vernova’s Grid Solutions business provides advanced grid technologies and systems that enable power transmission and distribution from generation to consumption, supporting a decarbonized and secure energy transition.

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• GE Vernova’s Grid Solutions has introduced an innovative addition to its rebranded FACTSFLEX STATCOM portfolio: the FACTSFLEX GFMe.
• The FACTSFLEX GFMe merges STATCOM technology with supercapacitor energy storage, enhancing the reliability and stability of electrical grids during voltage and frequency fluctuations by providing virtual inertia and grid-forming controls. This is particularly beneficial in regions with less robust infrastructure or higher levels of renewable energy integration.
• Available worldwide, the FACTSFLEX GFMe is designed to facilitate the global shift toward cleaner energy, ensuring stable and efficient grid operations.

Paris, France (Aug 28, 2024) – GE Vernova Inc. (NYSE: GEV) today announced the launch of its latest advancement, the FACTSFLEX GFMe, a cutting-edge Flexible Alternating Current Transmission System (FACTS) solution focused on reinforcing power grids and promoting the increased adoption of renewable energy sources.

The FACTSFLEX GFMe integrates GE Vernova’s STATCOM technology with sophisticated supercapacitors to more effectively stabilize the grid by enabling active power through energy storage. This innovative combination allows for swift responses to grid disturbances, which is crucial in areas with weaker infrastructure or significant renewable energy inputs. By enhancing grid stability, the FACTSFLEX GFMe ensures reliable power system operations and supports the global transition to cleaner energy. The solution is now available globally.

“Our grid is undergoing its most significant transformation in over a century, driven by the rise of renewable energy sources like solar and wind,” stated Johan Bindele, Leader of Grid Systems Integration at GE Vernova. “This transformation brings new challenges, particularly the intermittent nature of renewables, which can lead to voltage fluctuations and grid instability. With FACTSFLEX GFMe, we are introducing a solution that leverages supercapacitor technology alongside our STATCOM systems to re-create the inertia that is being lost due to the phasing out of traditional thermal power generation, ensuring stable and reliable grid operations as we transition to a cleaner energy future.”

Understanding FACTSFLEX GFMe

In addition to its reactive power compensation capabilities, the FACTSFLEX GFMe utilizes supercapacitor-based energy storage to replicate inertia by injecting or absorbing active power. This feature provides grid operators with advanced options for automatic and immediate support of grid stability. The system employs a double star configuration, allowing for seamless integration of high voltage energy storage. This modular and scalable solution can be tailored to meet the diverse requirements of various projects.

Compared to battery-based alternatives, the FACTSFLEX GFMe delivers superior voltage and active power performance. Active power is scalable, typically rated at 150 MW for several seconds, while reactive power capabilities can be customized to meet customer specifications, usually around 300 Mvar in continuous ratings.

In addition to the FACTSFLEX GFMe, GE Vernova’s recently rebranded STATCOM portfolio, now known as FACTSFLEX STATCOM, includes FACTSFLEX Classic, GE Vernova’s original STATCOM solution with a robust and proven installation base, as well as FACTSFLEX GFM, a grid-forming STATCOM that delivers instantaneous natural reactive power injection for grid disturbances, enhancing grid stability.

Forward-Looking Statements

This document includes forward-looking statements—predictions about future events that inherently involve uncertainty. These statements pertain to GE Vernova’s anticipated business and financial performance, the expected efficacy of its products and services, and the potential results they may yield. Terms like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range” often characterize forward-looking statements. Such statements inherently deal with uncertainties related to planned transactions, investments, or projects and their anticipated outcomes, as well as the impacts of macroeconomic conditions and market fluctuations on business operations, financial results, and the global supply chain.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a global energy company designed to address the world’s energy challenges, encompassing Power, Wind, and Electrification segments, and bolstered by its accelerator businesses. With over 130 years of experience, GE Vernova is uniquely equipped to guide the energy transition, continuously electrifying while working to decarbonize the planet. The company aids customers in powering economies and providing essential electricity that enhances health, safety, security, and quality of life. Headquartered in Cambridge, Massachusetts, GE Vernova employs approximately 75,000 people across over 100 countries. Guided by its mission, The Energy to Change the World, GE Vernova’s technology is key to achieving a more affordable, reliable, sustainable, and secure energy future.

GE Vernova’s Grid Solutions business advances global electrification through innovative grid technologies and systems, facilitating power transmission and distribution from generation points to consumption sites, while promoting a decarbonized and secure energy transition.

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Today at the CIGRE event in Paris, GE Vernova and Systems With Intelligence (SWI) formalized their partnership through a memorandum of understanding (MoU) aimed at advancing substation monitoring solutions. This collaboration will harness technologies such as gas sensing, bushing monitoring, and infrared thermography, integrated with artificial intelligence (AI) and machine learning (ML) to elevate diagnostics and asset management for utility companies and transmission system operators (TSOs).

The initial result of this collaboration will be the integration of SWI’s infrared sensors into GE Vernova’s DGA 900 Plus system, with commercial availability anticipated in early 2025.

Furthermore, SWI’s Pan/Tilt substation-level sensors will be incorporated into GE Vernova’s GridBeats™ Asset Vision, a comprehensive substation monitoring solution that combines various sensing methods to enhance diagnostic capabilities while simplifying the overall complexity of the solutions.

PARIS, France (August 27, 2024) – The collaboration between GE Vernova and SWI is set to revolutionize substation monitoring. The partnership seeks to blend cutting-edge technologies such as gas sensing, bushing monitoring, and infrared thermography, enhanced by AI and ML, to optimize grid asset management. By integrating SWI’s innovative infrared thermography and touchless monitoring systems with GE Vernova’s expertise in grid diagnostics, the companies aim to create a more efficient approach to monitoring electrical assets.

The primary focus of this alliance will be on substation monitoring, combining both companies’ leading technologies to provide integrated monitoring and diagnostic intelligence. This initiative is designed to streamline operations for utilities and TSOs, enabling quicker issue detection and contributing to a more reliable and efficient power grid.

“Asset managers today are inundated with data from various sensing devices provided by different vendors, resulting in fragmented data silos and the need for multiple software tools to manage and analyze this data independently,” stated Graham McGuigan, Product Line Leader for Monitoring & Diagnostics at GE Vernova. “Our collaboration with SWI aims to consolidate these data streams into a more cohesive and intelligent monitoring system.”

Angelo Rizzo, President and CEO of SWI, emphasized, “By merging various sensing techniques, we can develop solutions that enhance diagnostic intelligence while simplifying the user experience. This partnership represents a significant stride toward achieving that objective.”

The first concrete outcome from this collaboration will be the integration of SWI’s fixed infrared sensors into GE Vernova’s DGA 900 Plus, an advanced multi-gas monitoring system for transformers. This system is designed to monitor transformer health by detecting early warning signs of issues, thus preventing potential failures and ensuring a stable and efficient power supply. This enhanced solution is expected to be commercially available in early 2025, allowing asset managers to seamlessly incorporate infrared thermography into the DGA 900 Plus platform, which already includes features for dissolved gas analysis, bushing monitoring, and predictive modeling.

Looking forward, GE Vernova and SWI plan to broaden their collaboration to include the integration of SWI’s pan/tilt infrared sensors within the GridBeats™ Asset Vision substation monitoring solution, further enhancing capabilities in electrical grid asset management. GridBeats™ represents GE Vernova’s portfolio of software-defined automation solutions aimed at digitizing the grid.

Forward-Looking Statements

This document contains forward-looking statements, which pertain to future events that are inherently uncertain. These statements address GE Vernova’s anticipated business and financial performance, the expected efficacy of its products, the impact of its services, and the results they may yield, frequently utilizing terms like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Such statements are subject to various uncertainties, including planned and potential transactions, investments, or projects and their expected outcomes, as well as macroeconomic conditions and their impact on business operations and financial stability.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a global energy company dedicated to providing solutions across Power, Wind, and Electrification sectors, underpinned by its accelerator businesses. With over 130 years of experience addressing global challenges, GE Vernova is positioned to lead the energy transition, focusing on electrification while also working towards decarbonization. Headquartered in Cambridge, Massachusetts, the company employs approximately 75,000 individuals across more than 100 countries, committed to its mission of “The Energy to Change the World” by delivering affordable, reliable, and sustainable energy solutions.

GE Vernova’s Grid Solutions division focuses on electrifying the world through advanced grid technologies, facilitating power transmission and distribution, and supporting a decarbonized energy transition.

About Systems With Intelligence

Systems With Intelligence Inc. is a global leader in Touchless™ monitoring solutions tailored for electric utility applications. SWI’s systems collect and analyze data that enhances safety and reliability while reducing operational costs. By integrating thermal monitoring with advanced analytic algorithms, SWI’s solutions automate remote site monitoring.

SWI products are engineered for extreme environments, capable of withstanding high levels of electromagnetic interference, static discharge, and voltage surges. This reliability enables customers to concentrate on their operations without disruption.

The management and technical teams at Systems With Intelligence consist of professionals with extensive experience in advanced technologies for mission-critical applications in harsh settings. Their expertise spans substation and industrial automation, communications, and utility operations, uniquely positioning them to deliver effective and intelligent monitoring solutions.

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• GE Vernova’s Grid Solutions business has introduced its latest GRiDEA portfolio, designed to accelerate the decarbonization of electricity transmission systems.
• The innovative portfolio includes advanced SF6-free technology, significantly reducing CO2-equivalent emissions compared to conventional SF6-based switchgear solutions.
• In addition to emission reductions, GRiDEA is focused on optimizing material usage, extending equipment lifespans, and enhancing grid efficiency.

Paris, France (Aug 26, 2024) – GE Vernova (NYSE) today launched the GRiDEA portfolio under its Grid Solutions division at CIGRE in Paris, the world’s leading event for power systems. GRiDEA represents a comprehensive range of products and solutions aimed at decarbonizing the electrical grid and driving the global transition to more sustainable energy practices. GE Vernova is showcasing its advanced technologies in electrification at the event.

A Decarbonization Breakthrough

GRiDEA empowers grid operators by offering tools to reduce emissions from SF6 and lower reliance on raw materials, contributing significantly to global decarbonization goals.

The core of the GRiDEA offering lies in high-voltage, SF6-free equipment, such as g3 technology, which delivers a 99% reduction in CO2 equivalent emissions compared to traditional SF6 gear. The portfolio includes a broad range of SF6-free switchgear that operates at voltages up to 420 kV.

Additionally, GRiDEA has been expanded with SF6-free gas technology for live tank circuit breakers, allowing reliable operation even in extreme cold environments.

Sustainability Commitment

GE Vernova is dedicated to reducing the environmental impact of its products throughout their lifecycle. The GRiDEA portfolio incorporates several sustainability features:

• Use of recycled materials such as copper, aluminum, and oil, reducing the need for raw materials and replacing copper wiring with fiber optics.
• Extended equipment lifespan through advanced monitoring technologies, control devices, and modernization services that support long-term sustainability.
• Optimized grid infrastructure with more compact, lightweight, and efficient product designs.

Philippe Piron, CEO of GE Vernova’s Electrification Systems business, underscored the portfolio’s importance: “GRiDEA is more than just a collection of products; it’s a testament to our dedication to driving the energy transition. We’re equipping grid operators with solutions that cut emissions while boosting efficiency, enabling a future where electrification aligns with sustainability.”

Eric Chaussin, GE Vernova’s Power Transmission leader, added: “As the grid evolves globally, it’s critical to provide customers with technologies that are both cutting-edge and adaptable. GRiDEA is designed to address today’s needs while preparing for tomorrow’s challenges. Our goal is to help customers build a more resilient, low-carbon grid.”

Trusted Innovation for a Sustainable Electric Future

As the electrical grid undergoes a transformative shift to accommodate growing electrification needs and carbon reduction goals, GE Vernova is at the forefront. With the GRiDEA portfolio, GE Vernova offers grid operators a new standard for sustainable infrastructure and innovation. The portfolio not only addresses immediate needs but also anticipates the future demands of the industry and the environment.

The unveiling of GRiDEA at CIGRE marks a significant step forward in setting new benchmarks for grid transmission technology, digitalization, and sustainability. GE Vernova’s commitment to innovation and carbon reduction is evident in this portfolio, which provides the tools necessary for grid operators to contribute to a cleaner energy future.

Forward-Looking Statements

This document contains forward-looking statements related to future events, which are inherently uncertain. These statements address GE Vernova’s expected business performance, the projected impact of its products and services, and often include terms like “expect,” “anticipate,” “plan,” and “forecast.” These statements are subject to uncertainties regarding macroeconomic factors, market conditions, and potential impacts on operations and supply chains.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a global energy leader with segments in Power, Wind, and Electrification, supported by its accelerator businesses. With over 130 years of experience tackling complex global challenges, GE Vernova is at the forefront of the energy transition, working to electrify the world while reducing carbon emissions. GE Vernova helps clients power economies, providing critical electricity for health, safety, and security. Headquartered in Cambridge, Massachusetts, the company employs approximately 75,000 people across 100+ countries. GE Vernova is committed to delivering an affordable, reliable, sustainable energy future. Learn more at GE Vernova and LinkedIn.

GE Vernova’s Grid Solutions business empowers global electrification with advanced technologies for power transmission and distribution, supporting the transition to a decarbonized and secure energy future.

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Berlin, Germany (July 18, 2024) – GE Vernova’s Electrification division (NYSE) has officially entered into a strategic R&D partnership with four major German Transmission System Operators (TSOs).

The collaboration with TenneT TSO GmbH, 50Hertz Transmission GmbH, Amprion GmbH, and Transnet BW GmbH focuses on the design and development of a Multi-Terminal/Multi-Hub High-Voltage Direct Current (HVDC) solution. This partnership represents a significant early achievement in creating a future-ready high-voltage grid, crucial for Germany and Europe’s energy transition.

“GE Vernova’s cutting-edge technology is pivotal for the seamless integration of renewable energy sources and the overall progress of the energy transition,” stated Johan Bindele, head of Grid Systems Integration at GE Vernova’s Grid Solutions division. “This innovative approach could radically transform the way electricity is delivered.”

HVDC technology is the most efficient method for transmitting large volumes of power over long distances, playing a key role in incorporating renewable energy like wind and solar into the grid. Currently, HVDC systems, utilizing Voltage Sourced Converter (VSC) technology, operate as point-to-point, bi-directional transmission systems with an HVDC converter station at each end. The collaboration between GE Vernova and the German TSOs aims to develop a next-generation multi-terminal HVDC system, enabling multiple terminals to interconnect and forming a highly efficient electrical grid.

The R&D agreement also includes the creation of a new 525 kV Direct Current Circuit Breaker (DCCB), a first-of-its-kind technology that will allow TSOs to isolate and manage faults within the HVDC system. GE Vernova is currently in the development stage of the DCCB, which, once completed, will be included in their market offerings.

The initial phase of the R&D project is set to last 18 months, concluding in December 2025, with implementation beginning in 2026 and commercial deployment anticipated by 2029. The project will be spearheaded by GE Grid GmbH in Berlin, with engineering efforts based at GE Vernova’s HVDC facility in Stafford, UK.

This agreement underscores GE Vernova’s commitment to delivering innovative solutions that meet the evolving needs of the electrical grid.

Forward-Looking Statements

This document contains forward-looking statements related to future events that inherently involve certain uncertainties. These statements often discuss GE Vernova’s expected business and financial performance, product impacts, and anticipated results, using terms like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Such statements are naturally uncertain, particularly those regarding planned transactions, investments, projects, and their potential outcomes, as well as the effects of macroeconomic and market conditions on the Company’s operations and financial standing.

About GE Vernova

GE Vernova (NYSE: GEV) is a purpose-driven global energy company comprising Power, Wind, and Electrification segments, supported by its accelerator businesses. With over 130 years of experience addressing global challenges, GE Vernova is uniquely positioned to lead the energy transition by advancing electrification while working towards decarbonization. The company helps power economies and delivers essential electricity for health, safety, security, and enhanced quality of life. Headquartered in Cambridge, Massachusetts, U.S., GE Vernova operates in over 100 countries with more than 75,000 employees worldwide. Guided by its purpose, “The Energy to Change the World,” GE Vernova’s technology aims to provide a more affordable, reliable, sustainable, and secure energy future.

GE Vernova’s name reflects its mission: “GE” signifies its legacy of quality and ingenuity, “Ver” and “verde” symbolize the Earth’s green ecosystems, and “Nova,” from the Latin “novus,” represents a new, innovative era of low-carbon energy.

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• GE Vernova has successfully secured a substantial contract to supply advanced grid equipment and solutions through their joint venture, GE Algeria Turbines (GEAT), to support Sonelgaz’s projects.
• This order includes providing state-of-the-art grid technologies for 134 substations by 2028, aimed at enhancing Algeria’s power grid infrastructure.

Algiers, Algeria (July 17, 2024) – GE Vernova Inc. (NYSE: GEV) has announced a major contract win from Sonelgaz via their joint venture, GE Algeria Turbines (GEAT), to advance Algeria’s grid infrastructure. The order, booked in Q2 2024, entails the delivery of high-voltage (HV) equipment, components, and grid automation solutions for 134 substations by 2028. GEAT will incorporate this technology at its Ain Yagout facility in Batna, Algeria, specifically for Sonelgaz’s projects.

This contract follows a recent agreement between Sonelgaz and GE Vernova to diversify GEAT’s operations toward producing high and extra-high voltage substation equipment, marking a significant milestone in their collaboration. The supplied technology will be instrumental in integrating renewable energy sources and ensuring a dependable power supply for Algeria’s expanding population and economy.

Mourad Adjal, CEO of Sonelgaz Group, stated: “This order results from the strengthened collaboration between Sonelgaz and GE Vernova, following the amendment of our joint venture to expand into grid solutions alongside manufacturing high and extra-high voltage substation equipment. This project marks a significant achievement for Sonelgaz in supporting national integration by producing high-quality, advanced technology equipment domestically for the first time in Algeria and Africa, facilitating the transfer of expertise to Algeria.”

Philippe Piron, CEO of GE Vernova’s Electrification Systems business, remarked, “Securing this significant order highlights our commitment to advancing Algeria’s energy infrastructure. We are eager to deploy our cutting-edge grid solutions, which will enhance grid efficiency and support Algeria’s energy transition. This contract further underscores our dedication to nurturing local talent and creating job opportunities in the region.”

GE Vernova, which separated from General Electric Company (NYSE: GE) and began trading independently on the New York Stock Exchange (NYSE) on April 2, 2024, has a long-standing legacy of contributing to Algeria’s energy sector. The company offers power generation, transmission, and distribution solutions, as well as software applications, employing over 300 people in the country through its joint venture, GEAT.

Forward-Looking Statements

This press release contains forward-looking statements that relate to future events, addressing matters that are, to varying degrees, uncertain. These statements typically discuss GE Vernova’s anticipated future business performance, the expected results of its products and services, and often include terms like “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Such forward-looking statements inherently involve uncertainties, including those related to planned transactions, investments, or projects, their anticipated outcomes, and the impact of macroeconomic and market conditions on business operations, financial results, and the global supply chain.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a global energy company with segments in Power, Wind, and Electrification, supported by its accelerator businesses. With over 130 years of experience addressing global challenges, GE Vernova is uniquely positioned to lead the energy transition by continuing to electrify the world while working towards decarbonization. The company helps power economies, delivering essential electricity that contributes to health, safety, security, and a better quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., and employs around 75,000 people across more than 100 countries. Its mission, “The Energy to Change the World,” drives GE Vernova to deliver a more affordable, reliable, sustainable, and secure energy future.

GE Vernova’s Grid Solutions business delivers advanced grid technologies and systems, enabling efficient power transmission and distribution from generation to consumption, supporting a secure and decarbonized energy transition.

About Sonelgaz Group

The Algerian Electricity and Gas Company (Sonelgaz), established in 1969, is responsible for electricity production, transmission, and gas distribution across Algeria. It comprises 11 subsidiaries across its core industries, including joint venture companies. Sonelgaz serves nearly 12 million electricity customers and almost 8 million gas customers. With a capacity of approximately 26,000 MW, Sonelgaz aims to expand internationally by developing interconnections with neighboring countries and southern Europe. Sonelgaz is also spearheading an ambitious project to generate 15,000 MW of renewable energy by 2035, having recently launched the first phase of this project, which consists of 3,200 MW.

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• 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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