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Hydropower is the backbone of grids all over the world, supplying more than 15% of global electricity and acting as a key enabler of other renewables like wind and solar. It plays a key role in countries such as Brazil, where hydropower represents approximately 60% of its energy matrix.

The global energy transition is moving at pace, and the sheer speed of technological change and project expansion has left the workforce playing catch-up. As countries work to achieve net-zero emissions by 2050, the energy industry is expected to create 30 million jobs that need to be filled by 2030.

This past May, 12 U.S. military veterans joined forces to carry an American flag 3,000 miles from San Diego to Washington, D.C. Team Red, White & Blue completed the Old Glory Ultra Relay in a record time of less than 17 days, raising more than $1 million for the cause of veterans’ health and wellness. One of those dozen men and women was Jordan Buck, an Army vet and steelworker in lean operations at GE Vernova’s manufacturing facility in Schenectady, New York.

Give Jackie Chimiak an unprecedented challenge and she’ll find a way to meet it.

Veena P. has learned in her 14 years at GE Vernova that earning patent recognition for her inventions isn’t a matter of waiting for lightning to strike. Instead, the technology manager in electrical systems at GE Vernova’s Advanced Research Center in Bengaluru, India, has developed a systematic process that has helped her successfully register 30 patent applications so far, with more in the works all the time. Her innovations support GE Vernova’s mission to accelerate the energy transition, making power systems more efficient and reliable.

GE Vernova, together with Technip Energies and their construction partner Balfour Beatty, are preparing to build a giant power plant with carbon capture and storage (CCS) in Teesside, an industrial hub in northeast England. Net Zero Teesside Power (NZT Power) is expected to be the world’s first larg

When Kassy Hart was a teenager, she thought the life of an engineer was a bit like a newspaper cartoon she used to read. “You’re just sitting at a desk not talking to anyone, and this boss will yell at you for no reason,” says Hart, who is now a data center and hydrogen commercialization manager at GE Vernova. “That was before I got to design something.”

Growing up near the shores of Lake Michigan in the 1990s, Lisa Berry didn’t harbor engineering ambitions. But everything changed when she joined her high school’s robotics group. “My brother had been a member, and it looked pretty cool,” remembers Berry, who is now GE Vernova’s decarbonization and data center technology director for the Americas. One of the coolest things was the chance to learn from one of the program’s founders, Natalie Lowell, a local manufacturing engineer who mentored the budding roboticists.

In an increasingly electrifying world, efficiency is crucial. The global energy sector is adopting HVDC (high-voltage direct current) technology for its superior capability and cost-effectiveness over long distances. HVDC systems can transmit more than three times as much power as alternating current (AC), with up to 50% fewer losses.

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.