GREENVILLE, SC  (December 2, 2024) – GE Vernova Inc. (NYSE: GEV) announced today that it has secured an order (3Q’2024) with Dominion Energy South Carolina for the modernization of two hydropower units installed at the Saluda Hydro power plant located on the Saluda River in the Southeastern region of the United States, approximately 10 miles west of the city of Columbia, South Carolina. This modernization project will help extend the lifetime, reliability, performance, and operational flexibility of the power plant that has been generating sustainable and reliable power for almost a century.

This new collaboration builds on the long-lasting relationship between GE Vernova and Dominion Energy across all three GE Vernova business segments, Power, Wind and Electrification. Currently, around 70% of Dominion Energy’s fleet leverages GE Vernova’s technology, which can deliver the electricity needed to power the equivalent of more than 7 million households in the US.

In addition to extending the lifetime and enhancing the performance of the plant, the modernization project will help to better maintain the water quality of the Saluda River by increasing dissolved oxygen (DO) through the implementation of GE Vernova’s patented aerating turbine technology. This new equipment oxygenates the water and ensures a minimum level of oxygen, contributing to protect aquatic life and the state’s natural resources. Aerating turbines is one of many examples demonstrating how innovations are being applied to an established industry like hydropower.

Saluda Hydro is an almost-100-years-old power plant that includes five Francis hydropower units. The plant has been in commercial operation since December 1^st, 1930, and its fifth hydropower unit was added in 1971 to increase the output and capacity of the dam to 206 megawatts (MW). At the time, the hydropower dam was built to support the growth of the textile industry in Columbia through affordable and reliable energy supply, and for water supply, flood control, and recreation purposes. The construction of the dam formed a 48,000 acres reservoir called Lake Murray. Today, Lake Murray is used by many South Carolina residents for fishing, paddling, swimming, and picnicking.

"Our current turbines at Saluda Hydro have performed safely and successfully for more than 90 years," said Dominion Energy Vice President of Generation Iris Griffin. "Investing in their replacement will help maintain the facility's long-term reliability and, most importantly, continue to safely serve our customers for many years to come.”

Frederic Ribieras, Hydro Power CEO, GE Vernova, said: “Our team is delighted to bring its advanced solution to a site that has been serving the state for almost a century. This project shows that through both electricity generation and water management, hydropower can provide many benefits to communities, for a very long time”.

GE Vernova’s scope of work includes the Engineering, Procurement, Construction, and Installation of an aerating turbine to replace the Unit 1 and Unit 3 turbines, as well as the rehabilitation of the Unit 3 generator. The first unit is expected to be retrofitted by 2027. GE Vernova has been developing patented and advanced aerating hydropower turbine technology and has been at the forefront of dissolved oxygen innovation with over 20 years of Research & Development. The company implemented several projects in that space, in the United Stated and beyond, such as the High Rock project in North Carolina.

According to the U.S. Department of Energy (DOE)’s report, hydropower currently accounts for nearly 27% of total US utility-scale renewable electricity generation and 5.7% of total US utility-scale electricity generation.

“As one of the oldest sources of renewable energy in the country, the ~100 gigawatts (GW) installed base is aging, and we see large opportunities for modernization projects to enabling to deliver even more renewable energy into the grid and help accelerate the energy transition in the country,” commented Frederic Ribieras

Notes to editors

Forward Looking Statements:

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

About GE Vernova:

GE Vernova (NYSE: GEV) is purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.

GE Vernova’s Hydro Power business produces advanced technologies that harness the power of water to help deliver reliable power to some of the world's largest economies and remote communities.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Learn more: GE Vernova and LinkedIn.

SANTIAGO, CHILE (12 de julio de 2024) – GE Vernova Inc. (NYSE: GEV) anunció hoy que ha conseguido un pedido con Transelec Holdings Rentas Ltd, proveedor líder de sistemas de alta tensión en Chile, para suministrar condensadores síncronos y subestaciones de alta tensión para los proyectos Ana María y Monte Mina en el norte de Chile. Estos dos proyectos formaban parte de una licitación para el "Control de Tensión por Aporte de Corriente de Cortocircuito", que integra el plan del Gobierno chileno para apoyar la transición energética y la descarbonización del país.

Un condensador síncrono es un gran generador rotativo que mejora la regulación de la tensión y proporciona seguridad energética, y apoyo y estabilización a la red. Dado que la generación de energía eólica y solar está aumentando en la zona norte de Chile, los condensadores síncronos serán fundamentales para permitir la incorporación de más energía renovable a la red, proporcionando inercia y ayudando a evitar el riesgo de apagones.

Con estos proyectos, el negocio Hydro Power de GE Vernova suministrará dos condensadores síncronos para el proyecto Ana María y otros dos para el proyecto Monte Mina. El alcance de los trabajos también incluye la ingeniería, los auxiliares eléctricos y mecánicos, el sistema de control, el sistema de protección, la supervisión de montaje en obra y la puesta en marcha. Adicionalmente, la división Grid Solutions de GE Vernova suministrará la subestación de alta tensión de 220 kV, que incluye ingeniería eléctrica, transformadores, GIS (Gas Insulated Substation), sistema de protección y control (solución digital), pruebas y puesta en marcha para conectar la isla de condensadores síncronos con los sistemas de transmisión. Se prevé que la operación comercial de la extensión del proyecto comience en 2027.

“GE Vernova se ha comprometido a ayudar a acelerar la transición energética en América Latina desde hace mucho tiempo y creemos que el condensador síncrono es una tecnología clave para ayudar con los desafíos de la red", dijo Frederic Ribieras, CEO de Hydro Power, GE Vernova.  “GE Vernova tiene una gran experiencia y base instalada para este condensador síncrono, que tiene similitudes con la ingeniería de un generador hidroeléctrico. Además, tenemos la capacidad de fabricación y el conocimiento para producirlo en nuestra fábrica de Taubaté, Brasil”.

En los últimos siete años, GE Vernova también ha suministrado siete condensadores síncronos en Brasil. Este pedido en Chile sigue a un proyecto similar que la empresa acaba de anunciar en Estados Unidos, donde se suministrarán cuatro condensadores síncronos para ayudar a mejorar la estabilidad de la red en el norte del estado de Nueva York.

"La cartera de alta tensión de GE Vernova y los sistemas flexibles de transmisión de corriente alterna son clave para aprovechar la transición energética, facilitando la expansión y modernización de la red", dijo Johan Bindele, jefe de Integración de Sistemas de Red en el negocio de Soluciones de Red de GE Vernova.  "Como un actor confiable con presencia en Chile de casi un siglo, GE Vernova es un actor activo en el plan de transición energética determinado para la región, con una amplia cartera de soluciones avanzadas”.

GE Vernova mantiene un alcance global y la escala necesaria para liderar la transición energética hacia un futuro electrificado y descarbonizado. En América Latina, con aproximadamente 6.600 empleados trabajando en toda la región, GE Vernova está al servicio de sus clientes proporcionando soluciones, como las suministradas a Transelec en Chile, para crear un sistema de energía eléctrica más fiable y sostenible, apuntalando el progreso y la prosperidad de las comunidades donde operamos.

###

Sobre GE Vernova
GE Vernova es una empresa global de energía planificada y construida a propósito que incluye los negocios de Energía, Eólica y Electrificación y cuenta con el apoyo de sus negocios aceleradores. Sobre la base de más de 130 años de experiencia abordando los desafíos del mundo, GE Vernova está en una posición única para ayudar a liderar la transición energética mediante la continuación de la electrificación del mundo mientras se trabaja simultáneamente para descarbonizarlo. GE Vernova ayuda a sus clientes a alimentar las economías y suministrar electricidad que es vital para la salud, la seguridad y la mejora de la calidad de vida. GE Vernova tiene su sede en Cambridge, Massachusetts, EE.UU., con aproximadamente 75.000 empleados en más de 100 países de todo el mundo.

La división Hydro Power de GE Vernova produce tecnologías avanzadas que aprovechan el poder del agua para ayudar a suministrar energía fiable a algunas de las mayores economías y comunidades remotas del mundo. El negocio Grid Solutions de GE Vernova electrifica el mundo con tecnologías y sistemas de red avanzados, permitiendo la transmisión y distribución de energía desde el punto de generación hasta el punto de consumo, y apoyando una transición energética descarbonizada y segura.

La misión de GE Vernova está incrustada en su nombre: conserva su legado, "GE", como distintivo perdurable y duramente ganado de calidad e ingenio. "Ver" / "verde" alude a los ecosistemas verdes y exuberantes de la Tierra. "Nova", del latín "novus", alude a una nueva e innovadora era de energía con menos emisiones de carbono. Con el apoyo del propósito de la empresa, La energía para cambiar el mundo, GE Vernova contribuirá a ofrecer un futuro energético más asequible, fiable, sostenible y seguro.

Más información:  GE Vernova y LinkedIn.

Para requerimiento de prensa, por favor contactar a: 

SANTIAGO, CHILE (July 12, 2024) – GE Vernova Inc. (NYSE: GEV) announced today that it has secured an order with Transelec Holdings Rentas Ltd, a leading provider of high voltage systems in Chile, to deliver synchronous condensers and high-voltage substation for the Ana Maria and Monte Mina substation projects in Northern Chile. These two projects were part of a tender for “Voltage Control by Short Circuit Current Contribution”, which is part of the Chilean Government’s plan to support the energy transition and decarbonization in the country.

A synchronous condenser is a large rotating generator engineered to improve voltage regulation and provide energy security and grid support and stabilization. As wind and solar power generation is increasing in the Northern Region of Chile, synchronous condensers are expected to play a critical role in enabling the addition of renewable energy to the grid, providing the needed inertia to help avoid risks of blackouts.

With these projects, GE Vernova’s Hydro Power business will supply two synchronous condensers for the Ana María project and two others for the Monte Mina project. The scope of work also includes engineering, electrical and mechanical auxiliaries, control system, protection system, assembly at site supervision, and commissioning. Additionally, GE Vernova’s Grid Solutions business will supply the 220 kV high-voltage substation including electrical engineering, transformers, GIS (Gas Insulated Substation), protection and control system (digital solution), testing and commissioning to connect the synchronous condensers island with the transmission systems. The commercial operation of the project extension expected to begin in 2027.

“GE Vernova has been committed to helping accelerate the energy transition in Latin America for a long time and we believe that the synchronous condenser is a key technology to help with grid challenges,” said Frederic Ribieras, Hydro Power CEO, GE Vernova.  “GE Vernova has experience through its large synchronous condenser installed base that have similarities with the engineering of a hydroelectric generator. And, we have the manufacturing capacity and knowledge to produce it in our factory in Taubaté, Brazil.”

In the past seven years, GE Vernova has also supplied seven synchronous condensers in Brazil, and this synchronous condenser order in Chile follows a similar project just announced in the United States, where four GE Vernova synchronous condensers will be delivered to help improve grid stability in upstate New York.

“GE Vernova’s high-voltage portfolio and flexible AC transmission systems are key to supporting the energy transition, facilitating the expansion and modernization of the grid,” said Johan Bindele, head of Grid Systems Integration at GE Vernova’s Grid Solutions business.  “As a reliable player with a presence in Chile for almost a century, GE Vernova actively contributes to the country’s energy transition plans with a broad portfolio of advanced solutions.”

GE Vernova maintains a global reach and scale necessary to lead the energy transition to an electrified and decarbonized future. In Latin America, with approximately 6,600 employees working across the region, GE Vernova is serving its customers by providing solutions, such as the ones supplied to Transelec in Chile, to create a more reliable and sustainable electric power system, underpinning the progress and prosperity of the communities where the company operates.

### 

Notes to editors

About GE Vernova
GE Vernova is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. GE Vernova’s Hydro Power business produces advanced technologies that harness the power of water to help deliver reliable power to some of the world's largest economies and remote communities. GE Vernova’s Grid Solutions business electrifies the world with advanced grid technologies and systems, enabling power transmission and distribution from the point of generation to point of consumption, and supporting a decarbonized and secured energy transition.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future.
Learn more: GE Vernova and LinkedIn.

Forward Looking Statements
This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

Stations would supply reliable, affordable and clean power for an additional 30 years

• At COP28 held on the December 2nd, SK E&S signed a 'Global MOU for the construction of the largest low-carbon hydrogen plant in Korea' with its global partners and local government.
• The event, jointly hosted by the Korea's Presidential Commission on Carbon Neutrality and Green Growth, discussed successful strategies for the establishment of a low-carbon hydrogen project in Korea with GE Vernova, Air Liquide Engineering & Construction, Chungcheongnam-do*, Korea Midland Power.