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This week, GE Vernova shared two important updates, both of which we will discuss on today’s call.

Yesterday, we announced that we will acquire the remaining fifty percent stake of Prolec GE, our joint venture with Xignux, for $5.275 billion. The transaction strengthens our company’s position as a global grid equipment leader through a highly attractive, accretive acquisition of a leading grid equipment supplier and is expected to close by mid-2026, subject to regulatory approvals.

Every industry is aspiring to minimize their CO₂ emissions and achieve net zero. But in some industries, reducing CO₂ emissions is not as straightforward as in others, due to constraints such as mobility, footprint, or inherent process steps that make it hard to decarbonize these sectors. That’s where an innovative solution and a scalable technology called direct air capture (DAC) comes in.

Data centers, those serried racks of servers, storage devices, and network hardware that keep the internet humming, are dominating the conversation about future energy demand.

In Lahore, Pakistan, there is a seven-year-old girl with an amateur interest in gas turbine maintenance. Over the past few months, Waqas Ahmad, a senior customer portfolio manager at GE Vernova, has given his curious daughter a layman’s introduction to heavy-duty turbine inspections.

Several forces within GE Vernova align in its new Energy of Change in Action storytelling campaign: a century-old commitment to breakthrough ideas, the relentless optimism of the company’s employees, and their common sense of purpose in meeting tomorrow’s challenges today. From developing advanced grid technologies in France to leading wind services in Brazil to managing turbine sites around the world, GE Vernova’s brilliant engineers are driving the energy transition forward.