CAMBRIDGE, Mass. (December 16, 2024) – GE Vernova Inc. (NYSE: GEV) today announced that, in consortium with Drydocks World, it has been awarded the Ostwind 4 project by 50Hertz, a leading German Transmission System Operator (TSO). The project involves the design, construction, and commissioning of a 2-gigawatt (GW) High-Voltage Direct Current (HVDC) electric transmission system—the first of its kind in the German Baltic Sea—connecting an offshore wind farm to the German grid.

Located in the Arkona Basin, approximately 30 kilometers northeast of Rügen Island, the Ostwind 4 project will transport up to 2 GW of offshore wind energy via the HVDC system to the mainland, delivering renewable electricity equivalent to the amount needed to power nearly two million households. Provisionally scheduled for completion by the end of 2031, the project is expected to feature an advanced bipolar HVDC transmission system operating at 525 kilovolts (kV), ensuring efficient energy transport with minimal losses over long distances.

Collaborating to Drive Germany’s Renewable Energy Ambitions

The GE Vernova–Drydocks World consortium is responsible for delivering both the offshore converter platform and the onshore converter station, enabling seamless transmission of electricity from offshore wind farms in the Baltic Sea to the German transmission grid. As the consortium leader, GE Vernova will supply advanced HVDC technology, including voltage-sourced converters (VSC), high-voltage transformers, g³ gas-insulated switchgear (GIS), air-core reactors, as well as civil works for the onshore converter station and grid automation telecommunications equipment.

The project will also benefit from GE Vernova’s new HVDC Competence Center in Berlin, which is focused on developing leading-edge technology to improve grid stability and integrate more renewable energy.

Drydocks World will be responsible for designing, fabricating, and installing the offshore converter platform, including the jacket substructure and topside. This advanced infrastructure, built at Drydocks World’s Dubai facility, features a U-shaped jacket substructure with integrated nature-inclusive scour protection to enhance marine biodiversity while minimizing environmental impact.

Germany’s Energy Transition Goals

Germany is at the forefront of the global energy transition with its ambitious Energiewende framework, which aims to phase out coal entirely by 2030 and achieve net zero emissions by 2045. As per the German Climate Law, 80% of electricity supply must come from renewable sources by 2030, with a target of 100% by 2035. Projects like Ostwind 4 are crucial in meeting these goals, enabling the efficient transmission of renewable energy from offshore wind farms to the national grid and reducing dependence on fossil fuels.

Stefan Kapferer, CEO 50Hertz, said, “The awarding of the contract to GE Vernova and Drydock World marks the beginning of a new chapter in the use of wind energy in the Baltic Sea. 50Hertz is the first transmission system operator to deploy 2 GW / 525 kV technology in this sea area. This is pioneering work. We want to ensure that the entirety of the technically and economically viable offshore wind energy potential in the Baltic Sea is exploited, primarily with the help of direct current technology. To do this, we need to think and act in an even more networked way across national borders. One prerequisite for this is the creation of legal and regulatory conditions that enable wind farms in the waters of other EU states to be connected to the German transmission grid. “

Philippe Piron, CEO of GE Vernova's Electrification business, said, “Ostwind 4 represents a crucial milestone in our mission to electrify and decarbonize with the energy to change the world. By leveraging our advanced HVDC technology, this key infrastructure project underscores the essential role of offshore wind to ensure European energy security and to accelerate the global energy transition. This order also highlights the rapid growth in GE Vernova's Electrification segment, our fastest growing business, as our customers invest in the grid. We are very proud to collaborate with 50Hertz and Drydocks World to advance Germany’s renewable energy goals and set a new standard for a resilient and sustainable grid infrastructure.”

Johan Bindele, Leader of Grid Systems Integration at GE Vernova’s Grid Solutions business, added, “Ostwind 4 demonstrates the advancements in HVDC technology that GE Vernova delivers to support the integration of renewable energy sources at transformative scales. The use of our Voltage-Sourced Converters, g³ gas-insulated switchgear, and robust system design ensures not only efficient power transmission but also operational reliability over long distances. We are honored to lead this project in collaboration with our consortium partner Drydocks World and support 50Hertz in pushing the boundaries of energy innovation.”

Sultan Ahmed Bin Sulayem, Group Chairman & Chief Executive Officer, DP World, said: " We are pleased to see Drydocks World playing a pivotal role in the Ostwind 4 Project, a testament to its technical excellence and commitment to advancing renewable energy infrastructure. This reflects DP World’s ongoing commitment to enabling a clean energy future by supporting innovative projects that drive sustainability and economic growth. As the global energy landscape evolves, we remain dedicated to leveraging our expertise and innovative capabilities to support initiatives that drive clean energy transitions and economic development.”

Accelerating The Energy Transition Through Advanced Grid Technology

HVDC technology is critical in supporting the efficient and reliable transmission of renewable energy across long distances. Unlike the AC systems, HVDC can transmit three times the power with up to 50% fewer losses. HVDC systems equipped with Voltage-Sourced Converter (VSC) technology further enhance the controllability and stability of power flows, making them ideal for integrating variable energy sources such as wind and solar into the grid.

GE Vernova’s g³ gas-insulated switchgear further supports the energy transition by providing a more environmentally sustainable alternative to SF₆ gas, a potent greenhouse gas traditionally used in high-voltage equipment. The g³ technology is part of company’s GRiDEA portfolio, a suite of decarbonization solutions that empower grid operators to address their net-zero objectives. Launched in 2014, g³ shows an approximately 99% reduction of greenhouse gas contribution to global warming, compared to SF₆, aligning with the decarbonization goals of the global energy sector. Together, HVDC and SF₆-free solutions represent key innovations necessary to decarbonize and modernize the grid infrastructure for a more sustainable energy future.

-ENDS-

Image: After the symbolic signing of the contract: Standing f.l.t.r.: Stefan Hartge (GE Vernova), Marco Nix (50Hertz), Capt. Rado Antolovic (Drydocks World). Sitting f.l.t.r.: Johann Bindele (GE Vernova), Stefan Kapferer (50Hertz), HE Sultan Admed Bin Sulayem (Dubai Port World). 50Hertz / Kathrin Heller.

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 address GE Vernova's expected future business and financial performance, 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 business operations, financial results and financial position and on the global supply chain and world economy.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) 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. 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. Learn more: GE Vernova and LinkedIn.

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.

BERLIN, GERMANY (Dec 05, 2024) – GE Vernova Inc. (NYSE: GEV) today announced it has secured a contract from 50Hertz Transmission GmbH, one of Germany’s four transmission system operators, to provide advanced grid-stabilizing technology with an aim to enhance the reliability of Germany’s electrical power grid as it integrates more renewable energy sources.

As part of this contract, GE Vernova will deliver its 300 Mvar FACTSFLEX GFM solution, a Static Synchronous Compensator (STATCOM) solution with Grid Forming Control (GFM). This advanced STATCOM technology provides essential support for maintaining the stability of the power system, especially as variable energy sources like wind and solar are added to the grid. Supported by Grid Forming Control software, this solution is designed to automatically adapt to fluctuations in the grid voltage, keeping the grid stable. The solution will also include transformers, circuit breakers, and protection and control equipment to provide a fully integrated and reliable system.

The STATCOM units are planned to be designed and manufactured at GE Vernova’s grid solutions facilities in Dresden (Germany) and Tampere (Finland), with additional components, including valves, supplied from Stafford (UK) and transformers from Mönchengladbach (Germany). Two STATCOM units will be deployed at 50Hertz’s substation at Siedenbrünzow in Mecklenburg Western-Pomerania and one STATCOM unit at the Röhrsdorf substation in Saxony. 50Hertz operates the electricity transmission system in the north and east of Germany, which it expands as needed for the energy transition. More than 77 substations and switching stations are part of its grid infrastructure. 50Hertz is part of the Belgian-German Elia Group.

Dr. Dirk Biermann, Chief Operating Officer (COO) 50Hertz, said: “STATCOM solutions are a necessary and important element of the energy transition. They provide continuously variable reactive power in response to voltage variations and allow us to strengthen the resilience of our grid as we move forward with renewable energy integration. STATCOM technology supports stabilizing the power grids in an energy system with more and more fluctuating renewable energies and less power plants based on fossil fuels.”

Johan Bindele, Business Leader at GE Vernova’s Grid Solutions business, added, “Our work with 50Hertz demonstrates GE Vernova’s commitment to supporting Germany’s energy transition with high-quality, reliable technology. With our STATCOM solution and Grid Forming Control, we are bringing advanced solutions that help keep Germany’s grid stable as the country moves toward a renewable future. GE Vernova is at the forefront of electrification, dedicated to empowering a sustainable and resilient energy landscape.”

Why STATCOM Technology is Essential for Energy Transition

A STATCOM system acts as a critical stabilizer for the electrical grid, dynamically managing reactive power flow to prevent potential disruptions. As Germany’s renewable energy generation increases, this technology is critical in stabilizing fluctuating energy inputs to achieve uninterrupted power for households and businesses. STATCOM is a part of a broader Flexible AC Transmission System (FACTS) framework, which includes advanced equipment designed to enhance grid flexibility and stability. Without solutions like STATCOM, the grid could face challenges such as voltage instability and power disruptions, particularly as it accommodates variable renewable sources.

By actively responding to grid conditions, GE Vernova’s FACTSFLEX GFM is designed to support the adaptability and resilience needed to meet the demands of Germany’s ambitious energy transition. This solution represents an advanced approach to managing grid balance, providing a smoother transition to a renewable-powered future.

Supporting Germany’s Energy Transition Goals

Germany’s commitment to its energy transition, or Energiewende, is one of the world’s most ambitious. With the goal of sourcing 80% of its energy from renewables by 2030, Germany requires a robust and reliable grid infrastructure to meet the new electrification demands. Projects like these are instrumental in supporting the country’s vision for a lower-carbon, reliable energy future, and GE Vernova is proud to contribute to this mission.

Expanding Local Expertise in High-Voltage Technology

To further support Germany’s energy transition, GE Vernova recently inaugurated its HVDC Competence Center in Berlin, strengthening local expertise and resources for high-voltage technology. This center enhances GE Vernova’s capacity to address the needs of European grid operators, providing innovative, locally driven solutions for complex power challenges.

-ENDS-

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 address GE Vernova's expected future business and financial performance, 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 business operations, financial results and financial position and on the global supply chain and world economy.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) 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. 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. Learn more: GE Vernova and LinkedIn.

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.

QUEENSLAND, AUSTRALIA (Nov 26, 2024) – GE Vernova Inc. (NYSE: GEV) today announced it has secured a contract from Powerlink, Queensland’s state-owned transmission utility, to supply essential equipment for their upcoming Capital Work program. Under this agreement, GE Vernova will deliver 69 Dead Tank Circuit Breakers (DTCBs) rated 245 kV and above, supporting Queensland’s renewable energy targets and enhancing power infrastructure resilience.

Powerlink is responsible for building and maintaining Queensland’s high-voltage transmission network and connecting renewable energy sources across the State. Their work is central to Queensland’s commitment to renewable energy, with targets of 70% by 2032 and 80% by 2035, as it facilitates the integration of renewable energy into the grid to support economic growth and sustainability.

Enhancing Grid Reliability with Dead Tank Circuit Breakers

Dead Tank Circuit Breakers (DTCBs) play a crucial role in maintaining stable power transmission by protecting the grid from electrical faults, ensuring continuity of energy flow and minimizing disruptions. They are like powerful “off switches” for the grid, automatically isolating sections of the network during faults or overloads to keep electricity flowing smoothly and protect the system from potential damage.

These devices are especially important for energy transition efforts, as they enable the reliable integration of renewable energy sources, which can be challenging without stable and resilient transmission infrastructure. Without equipment like DTCBs, reliably evacuating renewable energy from generation sites to end-users would be difficult, as fluctuations could disrupt the grid.

GE Vernova’s Dead Tank Circuit Breaker technology is recognized for its reliability and scalability, making it a strong choice for projects that require resilient and high-performance transmission solutions. With approximately 100,000 units installed globally, GE Vernova’s Grid Solutions business has built a trusted legacy of delivering advanced circuit breaker solutions that support renewable energy integration and energy security efforts worldwide.

Scheduled for delivery between August 2025 and March 2026, the DTCBs will be manufactured by GE Vernova’s Grid Solutions business at its factory in Suzhou, China. This global supply chain approach enables timely and efficient delivery to meet the needs of complex, large-scale projects.

Continuing a Successful Track Record with Powerlink

This latest contract builds upon GE Vernova’s longstanding partnership with Powerlink, which includes prior collaboration on localizing DTCB production at GE Vernova’s Suzhou, China facility—an initiative that significantly improved lead times and addressed global supply chain challenges for critical electrical equipment.

The official signing ceremony was attended by Paul Simshauser, CEO of Powerlink and Yeow Keong Lim, Asia Pacific Region Leader for GE Vernova’s Power Transmission business.

Paul Simshauser, CEO of Powerlink, said, “Our commitment to reliable and efficient energy transmission is furthered by partnering with GE Vernova to equip our network with advanced grid technology. This contract will help ensure that Powerlink’s infrastructure can support the ambitious goals of Queensland’s renewable energy investors.”

Yeow Keong Lim, Asia Pacific Region Leader for GE Vernova’s Power Transmission business, added, “We are honored to collaborate with Powerlink on their Capital Work project. This contract highlights GE Vernova’s commitment to providing high-quality, next-generation solutions that support renewable energy transition. Our power transmission equipment are engineered to meet the highest standards of reliability and performance, reflecting our commitment to safe and dependable electrification. We remain dedicated to supporting Australia’s transition to a sustainable energy future through advanced technology that reinforces grid resilience and reliability.”

-ENDS-

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 address GE Vernova's expected future business and financial performance, 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 business operations, financial results and financial position and on the global supply chain and world economy.

About Powerlink

Powerlink is a leading Australian provider of high voltage electricity transmission network services, combining innovation with insight to deliver safe, cost effective and reliable solutions.

Powerlink is a Government Owned Corporation that owns, develops, operates and maintains the high voltage electricity transmission network in Queensland. Powerlink’s network extends 1,700 kilometres (km) from Cairns to the New South Wales border, and comprises 15,449 circuit km of transmission lines and 152 substations.

Powerlinks purpose is to connect Queenslanders to a world-class energy future, providing electricity to more than five million Queenslanders and 241,000 businesses.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) 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. 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. Learn more: GE Vernova and LinkedIn.

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.

Media Contact – GE Vernova

Anshul Madaan

GE Vernova

Media Relations

Anshul.madaan@ge.com

+91 8377880468

Prolec GE celebrates completion of Shreveport facility expansion in support of U.S. energy transition goals

Berlin, Germany (November 6, 2024) – GE Vernova Inc. (NYSE: GEV) today announced the expansion of its Electrification facility in Berlin with the opening of a High Voltage Direct Current (HVDC) Competence Center. The center will develop leading edge technology to speed the energy transition by improving grid stability and integrating more renewable energy across Germany and Europe while also supporting HVDC projects worldwide.

HVDC systems are essential for achieving both electrification and decarbonization goals. The HVDC center will develop and test technology to enable the efficient transmission of bulk power over long distances or from offshore submarine links, simplify the integration of renewable energy into power grids, and connect multiple HVDC transmission links.

The addition of the HVDC Competence Center positions the Berlin facility as a key hub for GE Vernova’s Electrification Systems businesses in Europe, expanding GE Vernova’s capacity to support regional and global growth in Grid Solutions, Power Conversion, and Solar and Storage and helping to deliver the growing Electrification backlog.

“The world’s future is electric, and electrification is essential for achieving a net zero emissions future,” said Philippe Piron, CEO of Electrification Systems at GE Vernova. “The expansion of our Berlin center is a significant step towards advancing reliable, affordable, and decarbonized energy and supporting the rapid growth of GE Vernova’s Electrification segment. As a key Electrification hub for GE Vernova in Europe, the Berlin site will drive innovation in grid solutions, power conversion, and renewable energy integration. This investment reinforces our commitment to modernizing energy systems, supporting Germany's energy transition, and leading the electrification and decarbonization of the global energy ecosystem.”

Supporting Germany’s Energy Transition

Operating in Germany for more than 100 years, GE Vernova is dedicated to driving the country’s net zero efforts through advanced infrastructure technologies and services. GE Vernova’s robust presence in Germany and across Europe supports its ability to work across borders from the North Sea to Eastern Europe.

The launch of the center and the investment in HVDC technology aligns with Germany's ambition to advance its energy transition. That transition will require major grid infrastructure upgrades and investment in the System Stability Roadmap. This government initiative seeks to ensure a resilient and stable power system as Germany moves toward generating at least 80% of its electricity from renewable sources by 2030.

Driving Electrification in Europe

GE Vernova is at the forefront of the energy transition as Europe seeks to decarbonize while meeting growing demand for electricity. GE Vernova recently entered into an innovation agreement with four German Transmission System Operators (TSOs) to design a Multi-Terminal/Multi-Hub High-Voltage Direct Current (HVDC) connection solution, marking a significant milestone in developing a future high-voltage grid for Germany and Europe’s energy transition. Furthermore, GE Vernova is actively engaged with TenneT on a 2-gigawatt (GW) High Voltage Direct Current (HVDC) offshore transmission system program in Germany and the Netherlands, part of a five-year Framework Cooperation Agreement signed in March 2023.

The HVDC Competence Center will support these agreements, as well as others in its growing order backlog, and enable other efforts to integrate renewable energy into the grid, reaffirming GE Vernova's commitment to innovative solutions that address the region's evolving grid needs.

GE Vernova also recently announced a doubling of production capacity at its Stafford, UK plant to meet the growing global demand for HVDC technology.

Creating Jobs and Driving Progress

As part of its growth plans in Germany, GE Vernova expects to  have created around 500 new highly skilled jobs for engineers, project managers and other support staff in Berlin from 2023 to the end of 2025. New job opportunities are planned to open each quarter with 60 jobs posted currently and more than 200 to come. These roles will be instrumental in advancing electrification technologies and enhancing the company’s engineering and technical capabilities, positioning the Berlin Electrification facility as a major contributor to the development of energy solutions across the region.

Inauguration Event

To commemorate the opening of the HVDC Competence Center, GE Vernova hosted an open dialogue about the pressing challenges of today’s grid and energy landscape, inviting speakers from the Federal Ministry for Economic Affairs and Climate Action and the Senate Department for Economic Affairs, Energy and Public Enterprises, as well as representatives from GE Vernova to discuss Germany’s energy future and its path toward a sustainable and reliable energy supply.

-ENDS-

Notes to Editors:

GE Vernova is dedicated to advancing Germany’s energy transition through advanced infrastructure technologies, services, and a robust presence of over 25,000 employees across Europe. With nine locations across Germany, GE Vernova conducts production, research, and development focused on energy transition solutions, including onshore and offshore wind turbines, transformers, medium and low voltage converters, and hydrogen-capable gas-fired power plants.

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 address GE Vernova's expected future business and financial performance, 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 business operations, financial results and financial position and on the global supply chain and world economy.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) 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. 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. Learn more: GE Vernova and LinkedIn.

GE Vernova’s Electrification segment includes Grid Solutions, Power Conversion, Solar and Storage Solutions, —collectively referred to as Electrification Systems —and digital technologies, referred to as Electrification Software. The solutions offered by this segment are essential for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption.

Dubai, UAE (November 3, 2024) – GE Vernova, Inc. (NYSE: GEV) is participating at ADIPEC 2024, taking place from 4 – 7 November at ADNEC in Abu Dhabi, United Arab Emirates (UAE). ADIPEC is one of the world's largest energy shows and GE Vernova's team will be showcasing technologies that are helping communities across the world maintain reliable, affordable, and secure electricity systems, while also increasing access to power and reducing carbon emissions. GE Vernova’s participation at ADIPEC will include interactive activities on stand 7135 in Hall 7, and  speaking sessions covering a wide range of topics including: the future of energy, the role of hydrogen, financing the energy transition, accelerating the journey to net zero, and the grid of the future.

Smart grids can harness real-time data, automation, and advanced control systems to optimize energy flow, enhance resilience, and integrate renewable sources. However, as the sector relies more on digital interconnected systems, the risk of cyberattacks has increased dramatically, making cybersecurity a critical component of any smart grid infrastructure. In Q2 2024, corporate networks experienced a 30% increase in weekly attacks compared to the same period in 2023^[1]. Grid operators and utilities recognize that software needs to play a bigger role in managing a safe, secure, and reliable grid. This is the premise of GE Vernova’s newly published whitepaper on “Securing Smart Grids: Strategies and Best Practices”. 

The white paper provides a comprehensive approach to smart grids vulnerability assessments and risk management, offering guidance on identifying and evaluating potential weaknesses, including:

• Leveraging advanced technologies such as artificial intelligence (AI) and machine learning (ML) to strengthen grid security
• Adopting secure communication protocols
• Implementing industry best practices such as asset management, zero trust architecture and patch management
• A case study on a utility in the UAE which highlights an example of a tailored security solution aimed at minimizing cyberattack surface, enhancing access requirements, and mitigating operational risks

“The digital transformation of the grid is becoming a mission critical endeavor to optimize grid operations, ensuring a steadfast, efficient, and secure electricity supply, especially with the integration of more renewable energy sources,” said Bernard Dagher, Chief Strategy & Growth Officer of GE Vernova's Grid Solutions in the Middle East & Africa. “At GE Vernova, we understand the importance of collaborating with our customers and industry stakeholders to implement robust cybersecurity measures across energy and utilities to prevent disruptions.”

GE Vernova spun-off from GE (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. Building on over 130 years of experience, and with approximately 55,000 wind turbines and 7,000 gas turbines, GE Vernova's technology base helps generate about 25% of the world's electricity and has a meaningful role to play in the energy transition. 

For decades, GE Vernova has contributed to the development of the Gulf Cooperation Council's (GCC) energy infrastructure, supporting economic diversification, localization, high value exports, and talent development efforts. In Saudi Arabia, the company’s investments in the Kingdom include the GE Manufacturing and Technology Center (GEMTEC) campus in Dammam, which encompasses a Service and Repairs Center for gas turbines, the GE MENA Decarbonization Center of Excellence, a Monitoring & Diagnostics Center for the remote monitoring of power generation assets, and GE Saudi Advanced Turbines (GESAT) for gas turbines and components in Saudi Arabia. In July 2024, GE Vernova rolled out first H-Class gas turbine completed at Saudi Arabia GESAT facility and the company continues to support Saudi Vision 2030. Other investments in the GCC include the GE Kuwait Technology Center and the Jebel Ali Service Center in the UAE.

[1] https://blog.checkpoint.com/research/check-point-research-reports-highest-increase-of-global-cyber-attacks-seen-in-last-two-years-a-30-increase-in-q2-2024-global-cyber-attacks/

###

Notes to Editors
GE Vernova, Inc. (NYSE: GEV) invites you to visit GE Vernova's stand 7135 in Hall 7 at ADNEC to explore, interact, and immerse yourself in a unique display of industry-leading technology and solutions that are electrifying, decarbonizing, and shaping the future of energy.

Our global team of energy industry experts will also be available to present advanced solutions and respond to your questions.

Follow #GEVernovaAtADIPEC and around the region on LinkedIn

About GE Vernova
GE Vernova Inc. (NYSE: GEV) 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. 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. Learn more: GE Vernova and LinkedIn.

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.

 - تشغيل خمس محطات تحويلية ثانوية بجهد 132 كيلوفولت قبل الموعد المحدد

 - من المقرر تشغيل خمس محطات تحويلية إضافية بجهد 132 كيلوفولت قبل صيف 2025

 - عند اكتمال المحطات التحويلية العشر الناقلة للطاقة، سيكون بإمكان شبكة الكهرباء العراقية نقل 2,200 ميغافولت-أمبير إضافية من الكهرباء ، مما سيمكن من تحسين النقل لحوالي 300 ألف منزل أو حوالي مليون شخص في العراق

بغداد، العراق، 31 تشرين الأول 2024 – أعلنت كل من وزارة الكهرباء العراقية وشركة جنرال إلكتريك ڤيرنوڤا اليوم عن الانتهاء المبكر من مشروع بناء وتشغيل خمس محطات تحويلية ثانوية حيوية في مختلف أنحاء البلاد خلال أقل من عامين. وتشكل هذه المحطات جزءاً من استراتيجية وزارة الكهرباء التي تتضمن بناء وتشغيل 10 محطات ثانوية من شأنها ان تحقق سعات وأتاحات عالية لقطاع نقل الطاقة بالتعاون مع جنرال إلكتريك ڤيرنوڤا لتحسين استقرار شبكات الضغط العالي والفائق، وتعزيز كفاءتها، بالإضافة إلى دعم جهود الربط الكهربائي مع المملكة الأردنية الهاشمية.

وتتضمن المحطات الجديدة بجهد 132 كيلوفولت كلاً من الهندية، الصدر، القائم سعدة، شمال بعقوبة وجنوب يارمجة، تم تسليمها جميعاً قبل الموعد المحدد، فيما تم تسليم كل من محطتي شمال بعقوبة وجنوب يارمجة قبل الموعد المحدد بحوالي ستة أشهر، حيث اكتملت الأولى في آب ، والثانية في أيلول 2024. كما وصلت أعمال الإنشاء وتنصيب المعدات في محطة مركز الرصافة التحويلية إلى المراحل الأخيرة وسيتم تشغيلها قريباً. ومن المقرر أن يتم استكمال بناء وتشغيل أربع محطات إضافية، وهي شمال النجف، شمال كربلاء، شمال الديوانية، وأريدو، قبل صيف 2025.

عند اكتمال المحطات العشر المذكورة، سيكون بإمكان شبكة الكهرباء العراقية نقل 2,200 ميغافولت-أمبير إضافية من الطاقة، مما سيمكن من تحسين النقل لطاقة تعادل الطاقة اللازمة لحوالي 300 ألف منزل أو نحو مليون شخص.

على مدار العقد الماضي، قامت جنرال إلكتريك ڤيرنوڤا ببناء وتشغيل 30 محطة تحويلية في مختلف أنحاء العراق، بما في ذلك خمس محطات ضغط فائق بجهد 400 كيلوفولت في الخيرات، نينوى، المنصورية، الموصل الشرقية، الفاو، وشمال غرب بغداد .

وفي أطار العمل الرصين والمعتمد ذي المواصفة العالمية لشركة جنرال إلكتريك جرى الانتهاء من أربع محطات ثانوية بجهد 132 كيلوفولت في محافظة دهوك لصالح اقليم كوردستان ، ستسهم في تعزيز البنية التحتية الكهربائية في العراق.

وقال المهندس زيـــاد علي فاضـل وزير الكهرباء: "تمثل الشراكة الاستراتيجية مع الشركات الرصينة ومنها جنرال إلكتريك ڤيرنوڤا دعماً لجهود الوزارة الرامية لتحديث الشبكة الوطنية للكهرباء من خلال تعزيز كفاءة التوليد والنقل ورسم خارطة فنية موثوقة تضفي مرونة ومناورة بنقل الاحمال وتحقيق رصانة بربط المحافظات ببعض ، وفي هذا السياق، تشكل هذه المحطات التحويلية الخمسة التي تم الانتهاء من بنائها وتشغيلها قبل الموعد المحدد إضافة هامة لجهودنا حيث تساهم بشكل مباشر في تحسين استقرار الشبكة في المناطق المحيطة بها، وهي ضرورية لتلبية الطلب المتزايد على الكهرباء"، مؤكداً أن "إنجاز هذه المشاريع المعقدة قبل الموعد المحدد يعكس التزام فرق وزارة الكهرباء وتركيزها على تحقيق نتائج ملموسة."

من جانبه قال يوهان بنديل، رئيس قطاع تكامل نظم الشبكات في جنرال إلكتريك ڤيرنوڤا: "من خلال تنفيذ هذه المشاريع الاستراتيجية في مجال الكهرباء بالتعاون مع الوزارة، فإن حلولنا المتقدمة للمحطات المنشأة لا تساهم فقط في استقرار الشبكة، بل تُسرع أيضًا من انتقال العراق نحو مستقبل أكثر كفاءة واستدامة" .

وقال رشيد جنابي، رئيس جنرال إلكتريك ڤيرنوڤا في العراق: "كشريك ملتزم وطويل الأمد في قطاع الطاقة في العراق، نحن مصممون على تلبية الاحتياجات المتزايدة للطاقة في اقتصاد العراق من خلال أحدث التقنيات والحلول في مختلف جوانب توليد ونقل الطاقة الكهربائية، ويمثل هذا الانجاز الجديد خطوة هامة في مسيرة تحديث الشبكة الوطنية للكهرباء التي تشكل جزءاً هاماً من استراتيجية شاملة وضعتها الشركة لدعم مسيرة تحول الطاقة في العراق وتوفير المزيد من الطاقة الكهربائية مع تقليل الكثافة الكربونية، ونحن فخورون بالدور المحوري الذي أسهمت به الكوادر العراقية من وزارة الكهرباء وجنرال إلكتريك ڤيرنوڤا في هذه المشاريع".

بالإضافة إلى تحديث شبكة الكهرباء الوطنية، قامت جنرال إلكتريك ڤيرنوڤا بإضافة طاقة توليد تصل إلى 19,000 ميغاوات خلال العقد الماضي، وسهلت حصول العراق على تمويلات بلغت أكثر من 3 مليارات دولار أمريكي لدعم مشاريع الطاقة منذ عام 2015، وتواصل الشركة الاستثمار في تدريب الكوادر الوطنية وبناء القدرات المحلية وانشاء مراكز سيطرة متطورة وفق مواصفات عالمية مُحدثة بامكانها تشخيص واستشعار العوارض على الوحدات التوليدية قبل حدوثها لحماية المنظومة الوطنية .

BAGHDAD, Iraq (October 31, 2024) - In a major boost to Iraq's electricity infrastructure, the Ministry of Electricity (MoE) and GE Vernova Inc. (NYSE: GEV) announced today the early completion and energization of five critical substations across the country in less than two years. These substations are part of a nationwide project that involves the energization of 10 substations by Iraq’s MoE and GE Vernova to improve grid stability, enhance network efficiency and enable the interconnection with the Hashemite Kingdom of Jordan’s grid, providing more stable electricity for the people of Iraq.

The five new 132 kV substations include Al Hindia, Al Sader, Al Qaim Saada, North Baqubah and Yaramja South. Both North Baqubah and Yaramja South substations were delivered around six months ahead of schedule and were completed in August and September 2024 respectively. Construction and equipment installation works at the Rasafa Center substation have reached the final stages and will be energized soon.

Four additional substations, North Najaf, North Karbala, North Diwaniya and Aredo, are scheduled for completion by summer of 2025.

Upon completion of the 10 substations, the Iraqi transmission system will be able to transmit an additional 2,200 megavolts-ampere (MVA) of power, enabling improved transmission of the equivalent amount of electricity needed to power approximately 300,000 households or about 1 million people.

Over the past decade, GE Vernova has built and energized a total of 30 substations, including five 400 kV substations in Al Khairat, Nainawa, Mansouriya, Mosul East, Al Fao and Baghdad Northwest. In addition, four 132 kV substations were completed in Dohuk province in Kurdistan region, further strengthening Iraq's power infrastructure.

Iraq’s Minister of Electricity, Ziad Ali Fadhil said: “The strategic collaboration with reputable international companies, such as GE Vernova, supports the Ministry’s efforts to modernize the national electricity grid by enhancing generation and transmission efficiency, and providing a reliable technical map that provides flexibility in transferring loads and achieving stability in connecting governorates to each other. In this context, these five substations that were completed and energized ahead of schedule represent a key milestone and an important addition to our efforts as they directly contribute to improving the stability of the grid in the surrounding areas, and are necessary to meet the growing demand for electricity,” he stressed that “the completion of these complex projects ahead of schedule demonstrates the commitment of the Ministry of Electricity teams and their focus on achieving tangible results.”

Johan Bindele, Leader of GE Vernova’s Grid Systems Integration business, said, “By executing these transformative electrification projects in partnership with the Ministry, our advanced substation solutions are not only stabilizing the grid but also accelerating Iraq’s transition to a more reliable, affordable, and sustainable energy future.”

Rasheed Janabi, President of GE Vernova in Iraq, said, “As a dedicated, long-term player in the energy sector in Iraq, we are committed to meeting the growing energy needs of Iraq’s economy with the latest technologies and solutions across the energy value chain. This latest grid modernization milestone is part of a comprehensive strategy that GE Vernova developed to help accelerate Iraq’s transition to more reliable and lower carbon power for the benefit of present and future generations.”

“We are proud of the key role of the Iraqi team members from both GE Vernova and MoE in these projects,” he concluded.

GE Vernova is committed to this region across multiple projects. For example, GE Vernova has supplied advanced gas-insulated substations from its factories in France and Switzerland, as well as high-voltage power transformers from Turkey and the United Kingdom, which were installed and commissioned by GE Vernova's Iraqi field engineers across different substations. The company has also provided Substations Control and Monitoring Systems (SCMS) and Protection and Control panels from its manufacturing facilities in the UAE and the UK for multiple substations as part of ongoing efforts to strengthen Iraq's power infrastructure.

In addition to modernizing the grid, GE Vernova has added up to 19,000 megawatts of power generation capacity to Iraq's grid, mobilized more than US$3 billion in financing for energy projects and continues to invest in workforce training and capacity building. GE Vernova is also working with MoE to set up a Monitoring and Diagnostics (M&D) Centre that will use the company’s electrification software capabilities for continuous monitoring of core power assets across sites powered by GE Vernova’s gas turbines. The Center is projected to help mitigate operational risks, reduce unplanned outage costs, and enable Iraqi talent development through knowledge transfer and the specialized training of local engineers.

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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 Inc. (NYSE: GEV) 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. 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 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. Learn more: GE Vernova and LinkedIn.

© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license. 

Humans by nature are resource maximizers. Doing more with less — the essence of efficiency — is one of our oldest games. The economist Adam Smith thought deeply about the matter, which is why he is credited with devising the division of labor: the insight that better organizing factory worker tasks, rather than hiring more workers, is just as effective. But efficiency, which is a ratio, must be correctly understood.

Stafford, UK (September 24, 2024) – GE Vernova Inc. (NYSE: GEV) today announced the expansion of its existing manufacturing facilities in Stafford, UK. The expansion is aimed at supporting the fast-growing demand for High-Voltage Direct Current (HVDC) transmission systems that will help power renewable energy projects throughout Europe, Asia and North America, while also supporting the UK’s energy transition.

The expansion focuses on two key sites of its Electrification Systems’ Grid Solutions business in Stafford:

• Stafford HVDC Facility at Redhill – HVDC and Flexible AC Transmission Systems (FACTS) valves: This facility is anticipated to double its valve manufacturing capacity to support the growing demand for HVDC systems with the installation of an additional Voltage-Sourced Converter (VSC) valve assembly line. The valves, considered the "heart" of an HVDC converter station, enable the optimal transmission of power from offshore wind farms and other renewable energy sources to the grid.
• Stafford Transformer Facility at Lichfield Rd – HVDC converter transformers: This site will undergo significant upgrades to boost capacity and enhance its ability to produce HVDC converter transformers, critical for integrating renewable energy into the grid. Transformers produced at this site have recently been installed 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 strengthening our ability to support the energy transition in the UK and the rest of the world and creating new jobs as a result.”

This expansion marks GE Vernova’s second major round of investment in its Stafford site. In 2018, the company constructed one of the world’s most advanced HVDC valve test facilities and a control system testing facility, 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 business expects to have created around 600 new jobs in the UK from 2023 to the end of 2025, including hundreds of engineers and skilled craftsmen to support the assembly and testing of the valves.

GE Vernova’s Grid Solutions business recently signed an agreement to supply HVDC systems for five of TenneT’s offshore wind projects. These projects are part of the Dutch-German Transmission System Operator’s goal to connect 40 GW of offshore wind farms to the high voltage grids in the Netherlands and Germany. The valves and the transformers technology for these projects are planned to be manufactured at the Stafford facilities, further emphasizing the strategic role of these sites in Europe’s energy transition.

GE Vernova operates three manufacturing sites in Stafford. In addition to the HVDC site and the Transformer site, the UK’s only large-scale grid manufacturing facility, it also has a Grid Automation site at Redhill. The ongoing expansion ensures that Stafford continues to be a critical hub for the production of clean energy technologies, supporting both local and overseas energy needs.

GE Vernova has 120 years of experience in the UK, with more than 30% of the UK’s electricity generation through its equipment. Outside of Stafford, GE Vernova runs another major manufacturing facility in Rugby.  

-ENDS-

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 address GE Vernova's expected future business and financial performance, 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 business operations, financial results and financial position and on the global supply chain and world economy.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) 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. 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. Learn more: GE Vernova and LinkedIn.

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.