GE Vernova’s STATCOM system to improve grid stability in Germany
Paris, FRANCE — September 1, 2022 — GE Vernova Renewable Energy's Grid Solutions business (NYSE: GEV) has entered into a framework agreement to deliver Static Synchronous Compensators (STATCOMs) in the coming years to Germany's transmission system operator (TSO) 50Hertz. As a part of the framework agreement, GE Vernova has been chosen to deliver the first Static Synchronous Compensators (STATCOMs) to increase grid stability.