Paris, FRANCE – August 29, 2024 – GE Vernova announced today that its Grid Solutions business will manufacture, deliver and commission the world’s first 245 kilovolt (kV) SF₆-free gas-insulated substation (GIS) for RTE in France. Grid Solutions will deploy its advanced B105 SF₆-free GIS, a solution that will support RTE in replacing sulfur hexafluoride, SF₆—a gas with a global warming potential 24,300 times greater than CO₂—with its g³ alternative. g³ allows for about 99% reduction in CO₂ equivalent of the gas contribution to global warming compared to SF₆.

This pilot project is part of RTE's objective to reduce the carbon footprint of transmission infrastructure by using alternatives to SF₆, while enabling energy transition by connecting low carbon energy. One 245 kV SF₆-free B105 GIS will prevent the addition of approximately 20,000 tons of CO₂ equivalent to its high-voltage grid. The gas-insulated substation will also include Grid Solutions’ SF₆-free F35g 145 kV, which already benefits from six years of return on experience.

Developed by GE Vernova’s Grid Solutions business, the 245 kV B105 Dual Gas GIS is co-funded by the EU’s LIFE Program, the European Union’s funding instrument for the environment and climate action. The 245 kV B105 Dual Gas GIS is a result of Grid Solutions’ research funded by the LIFE21 project named LIFE SF₆-free GIS. This three-and-a-half-year research project aimed to develop a 245 kV substation that is SF₆-free and compatible with both SF₆ and g³ gas. The substation can support networks up to 245 kV for onshore and offshore power generation and transmission, as well as energy-intensive industry applications.

GE Vernova’s Grid Solutions business launched the B105g GIS as part of its new GRiDEA decarbonization product portfolio launched at the CIGRE 2024 conference at the Palais des Congrès in Paris. Its g³ technology serves as an alternative to sulfur hexafluoride (SF₆), an insulating and switching gas that has been the industry standard used for decades in high-voltage substation equipment. Identified as a very potent greenhouse gas by the 1997 Kyoto Protocol, SF₆ contributes 24,300 times more emissions than CO₂ if leaked and can remain in the atmosphere for up to 1,000 years.

Commenting on the ground-breaking development, Khalid Abdallaoui, Executive Director in Charge of Asset Management and Investment Program at RTE, said, “The needs of the French electricity network are significant in the coming years. The decarbonization challenges are substantial and RTE is working with all manufacturers to promote and implement technologies that will make it possible to achieve Net Zero by 2050. In 2023 we anticipated the availability of a 245 kV SF₆-free GIS in the near future. Today, we are keen to be the ones that might install the world’s-first 245 kV SF₆-free substation, the B105g GIS, on our high voltage grid.” 

“RTE’s 245-kV SF₆-free GIS substation project is proof of the market’s acceptance of our SF₆-free technology as a game-changing alternative,” said Vera Silva, CTO of GE Vernova Electrification. “With the launch of our B105g GIS, we are only one step away from completing our SF₆-free GIS range allowing transmission system operators in Europe and elsewhere to significantly reduce the carbon footprint of their substations by replacing SF₆ with g³ gas mixture as soon as they feel ready to proceed. The SF₆-free GIS range up to 420 kV is expected to be completed in 2026 with the 170 kV F35 Dual Gas GIS,” she added.

GE Vernova’s Grid Solutions business’s g³ products feature the same high performance and reliability as SF₆ equipment but with a significantly reduced impact on global warming over their lifetime. According to life-cycle assessments (LCAs), based on international ISO 14040/14044 standards, they deliver a lower carbon footprint over a 40-year substation life cycle compared to the use of SF₆ products. This reduced impact is achieved due to a reduction of about 99% of the gas contribution to global warming compared to SF₆. Additionally, because these SF₆-free switchgear have the same compact dimensions as SF₆ equipment, they are designed to require no increase in emissions during the manufacturing process due to additional raw materials.

The 245 kV B105 Dual Gas substation project is one of several substation projects by RTE implementing SF₆-free products (from 145 kV to 400 kV). Over the past years, after the successful implementation of its Grimaud substation, the French transmission system operator has ordered the construction of multiple F35g 145 kV g³-gas insulated substations, T155g 420 kV GIS, and GL312g 145 kV live tank circuit-breakers for its air-insulated substations.

Both development and manufacturing of these SF₆-free products will take place in France.

To learn more about GE Vernova’s Grid Solutions business’s high-voltage SF₆-free substation equipment, visit its website.

-ENDS-

Notes to Editors:

Complete portfolio of GRiDEA can be found here.

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 RTE

The French electricity-transmission-system operator, RTE, provides a public service: guaranteeing a constant supply of electricity throughout France, with the same standard of service, thanks to the efforts of its 9,500-strong staff. RTE manages electricity flows, balancing production and consumption in real time. RTE maintains and develops the high and extra-high voltage grid (from 63,000 to 400,000 volts) which includes nearly 100,000 kilometres of overhead lines, 7,000 kilometres of underground lines, 2,900 operational, some jointly operated, substations, and around fifty cross-border lines. With 37 interconnections, the French grid is the most extensive in Europe. RTE is an independent and neutral industrial operator which optimises and transforms its grid to connect electricity-production facilities for any future energy choices. Through expertise and reporting, RTE informs the decisions made by the public authorities.

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

Media Contact – RTE

rte-presse@rte-france.com  

More information: www.rte-france.com 

Paris, France (Aug 28, 2024) – GE Vernova Inc. (NYSE:GEV) today announced the launch of its latest innovation, FACTSFLEX GFMe, an advanced Flexible Alternating Current Transmission System (FACTS) solution aimed at strengthening power grids and facilitating the increased use of renewable energy sources.

FACTSFLEX GFMe combines GE Vernova’s STATCOM technology with advanced supercapacitors to stabilize the grid more effectively by enabling active power via energy storage. This combination allows rapid response to grid disturbances on the grid, which is especially important in areas with weaker infrastructure or high levels of renewable energy. By improving grid stability, FACTSFLEX GFMe supports the reliable operation of power systems and helps drive the global shift toward cleaner energy. The solution is now available globally.

“Our grid is undergoing its most significant transformation in over a century, driven by the rise of renewable energy sources like solar and wind,” said Johan Bindele, Leader of Grid Systems Integration business at GE Vernova. “This transformation brings new challenges, particularly the intermittent nature of renewables, which can lead to voltage fluctuations and grid instability. With FACTSFLEX GFMe, we are introducing a solution that leverages supercapacitor technology alongside our STATCOM systems to re-create the inertia which is being lost through the retirement of traditional thermal power generation, ensuring stable and reliable grid operations as we transition to a cleaner energy future.”

How FACTSFLEX GFMe works?

Beyond its reactive power compensation capabilities, FACTSFLEX GFMe employs supercapacitor-based energy storage to emulate inertia by injecting or absorbing active power. This allows grid operators more advanced options to automatically and instantly support the stability of the grid. The system is based on a double star configuration, enabling high voltage energy storage integration. This modular and scalable solution is adaptable to meet the varied needs of different projects.

FACTSFLEX GFMe offers superior voltage and active power performance compared to battery-based options. Active power is scalable, with a typical rating of 150 MW for several seconds. Reactive power capabilities can be tailored to customer requirements, with continuous ratings of typically around 300 Mvar.

In addition to FACTSFLEX GFMe, GE Vernova’s STATCOM portfolio, recently rebranded FACTSFLEX STATCOM, also includes

FACTSFLEX Classic, GE Vernova’s original STATCOM solution with an extensive and proven install base

and FACTSFLEX GFM, a grid-forming STATCOM that provides instantaneous natural reactive power injection for grid disturbances for advanced grid stability.

-ENDS-

Notes to Editors:

Complete portfolio of FACTSFLEX can be found here.

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.

PARIS, France (Aug 27, 2024) – GE Vernova and Systems With Intelligence (SWI) signed a memorandum of understanding (MoU) today at the CIGRE event in Paris to develop advanced substation monitoring solutions. Through this collaboration the companies aim to integrate technologies like gas sensing, bushing monitoring and infrared thermography, along with AI and ML. The goal is to advance grid asset management by integrating SWI's cutting-edge infrared thermography and touchless monitoring systems with GE Vernova’s Grid Automation business's expertise in monitoring & diagnostic solutions of grid assets.

The initial focus of this collaboration will be on substation monitoring, where the companies will integrate their leading technologies to deliver converged monitoring and diagnostic intelligence, significantly enhancing asset management capabilities. This could streamline monitoring for utilities and Transmission System Operators (TSO’s), enabling earlier issue detection and leading to a more reliable, efficient, and stable power grid.

"Today’s asset managers are flooded with data from a myriad of sensing devices provided by various vendors. This often leads to fragmented data silos, requiring multiple software tools to manage and analyze the data independently," said Graham McGuigan, Product Line Leader for Monitoring & Diagnostics at GE Vernova. "Our collaboration with SWI is a step towards unifying these data streams into a more cohesive and intelligent monitoring system."

Angelo Rizzo, President and CEO of SWI, added, "By combining different sensing techniques, we can create solutions that offer enhanced diagnostic intelligence while simplifying the user experience. This collaboration is a significant move towards achieving that goal."

The first tangible outcome of this collaboration will be the integration of SWI’s fixed infrared sensors into GE Vernova’s DGA 900 Plus, a state-of-the-art multi-gas transformer monitoring system that monitors the health of power transformers by detecting early signs of problems and helps prevent transformer failures, ensuring a reliable and efficient power supply. This enhanced new solution, expected to be commercially available in early 2025, will allow asset managers to incorporate infrared thermography directly within the DGA 900 Plus platform, which already includes capabilities for dissolved gas analysis, bushing monitoring, and predictive modeling.

Looking ahead, GE Vernova and SWI plan to expand their collaboration to include the integration of SWI’s pan/tilt substation-level infrared sensors within GridBeats^TM Asset Vision substation monitoring solution, further advancing the capabilities of electrical grid asset management. GridBeats^TM is GE Vernova’s Grid Automation business’s portfolio of software defined automation solutions for grid digitalization.

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.

About Systems With Intelligence
Systems With Intelligence Inc. is a global provider of Touchless™ monitoring solutions for electric utility applications. SWI systems collect and analyze the data that allows utilities to increase safety and reliability while reducing operating costs. Coupling thermal monitoring and visual imaging technology with advanced analytic algorithms, Systems With Intelligence solutions automate remote site monitoring.

Systems With Intelligence products are engineered to operate in the harshest environments and withstand high levels of electromagnetic interference, static discharge, and voltage surges found in industrial applications to ensure uninterrupted operation. Providing a monitoring system that operates reliably and connects seamlessly allows customers to remain focused on their operations.

The Systems With Intelligence management and technical teams are comprised of professionals with extensive experience in advanced technology for mission-critical applications in harsh environments. With domain expertise in substation and industrial automation, communications, and utility operations, the team is uniquely positioned to deliver effective and intelligent monitoring solutions.

For more information, visit the company's official website at www.SystemsWithIntelligence.com.

Paris, France (Aug 26, 2024) – GE Vernova (NYSE:GEV) today announced the launch of Grid Solutions’ GRiDEA portfolio, a comprehensive suite of  innovative solutions aimed at decarbonizing the electrical grid and supporting the transition to a more sustainable energy future. The new portfolio was unveiled at CIGRE in Paris, the world’s leading power systems event, where GE Vernova is showcasing its advanced electrification technology.

A Decarbonization Milestone

GRiDEA offers grid operators a range of solutions to reduce SF₆ emissions and raw material usage, contributing to the global decarbonization effort.

At the core of the GRiDEA portfolio are high-voltage SF₆-free products, including g³, one of the company’s alternative technologies to SF₆, allowing for a 99% CO₂ equivalent reduction of the gas contribution to global warming compared to traditional SF₆ equipment. Grid Solutions offers a wide range of SF₆-free switchgear up to 420 kV.

In addition, the GRiDEA portfolio has been enhanced with another gaseous SF₆-free technology for live tank circuit breakers, which allows the switchgear to operate in extremely low temperature environments.

A Commitment to Sustainable Practices

GE Vernova is committed to minimizing the environmental impact of its products throughout their entire lifecycle. Grid Solutions’ GRiDEA portfolio will include solutions that:

• Feature less raw materials thanks to the use of recycled materials like copper, aluminum and oil, as well as the replacement of copper wiring with fiber optics.
• Extend equipment lifespan through advanced monitoring systems and control switching devices, along with retrofit and modernization services to enhance long-term sustainability.
• Optimize the design and efficiency of transmission and distribution infrastructure, focusing on smaller, lighter, and more efficient products.

Philippe Piron, CEO of GE Vernova’s Electrification Systems business, emphasized the significance of this launch, saying, “The GRiDEA portfolio is more than just a suite of products; it’s proof of our commitment to driving the energy transition forward. By providing grid operators with solutions that not only reduce emissions but also improve efficiency, we’re enabling a future where electrification and sustainability go hand in hand.”

Eric Chaussin, GE Vernova’s Power Transmission business leader, added: “As the global grid evolves, it’s crucial that we equip our customers with solutions that are both innovative and adaptable. GRiDEA represents our dedication to delivering technology that meets the immediate needs of today while anticipating the challenges of tomorrow. This portfolio is designed to support our customers in their efforts to build a more resilient, low-carbon grid.”

Trusted Innovation for an Electric Future

The electrical grid is undergoing significant transformation, driven by the need to electrify while reducing carbon emissions. GE Vernova understands the importance of this shift and is committed to supporting it through the GRiDEA portfolio. This range of products and solutions is designed not only to meet current needs but also to anticipate future industry and environmental challenges.

With the launch of GRiDEA at CIGRE, GE Vernova is setting a new standard for grid transmission infrastructure, digitalization and sustainability. The portfolio reflects the company’s commitment to innovation and carbon reduction, providing grid operators with the equipment they need to contribute to a more sustainable energy future.

-ENDS-

Notes to Editors:

Complete portfolio of GRiDEA can be found here.

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 (July 18, 2024) - GE Vernova’s Electrification business (NYSE:GEV) today announced that it has entered into a research & development contract with four German Transmission System Operators (TSOs).

The R&D agreement with TenneT TSO GmbH, 50Hertz Transmission GmbH, Amprion GmbH and Transnet BW GmbH for the design and engineering of a Multi-Terminal/Multi-Hub High-Voltage Direct Current (HVDC) connection solution marks a key initial milestone on the path to a future high voltage grid for Germany and Europe’s energy transition.

“We believe GE Vernova’s technology will be essential to the efficient integration of renewable energy and the future of the energy transition,” said Johan Bindele, head of Grid Systems Integration at GE Vernova’s Grid Solutions business. “This truly transformative and groundbreaking innovation could change fundamentally how we deliver electricity.”

HVDC is the most efficient way to transmit bulk power over long distances and is essential to integrating renewable wind and solar energy into the grid. With today’s available HVDC Voltage Sourced Converter (VSC) technology, HVDC systems are point-to-point, bi-directional transmission systems that have one HVDC converter station at each end. By developing a new generation of multi-terminal HVDC technology, GE Vernova, in partnership with the four German TSOs, will create an HVDC system in which multiple terminals can connect with one another. This multi-terminal grid will enable electricity to travel where needed for a highly efficient electron highway.

The R&D contract also includes the conceptualization, design and development of enabling technologies, specifically a new-to-market 525 kV Direct Current Circuit Breaker (DCCB) that will allow these and other TSOs to trip and isolate faults in the HVDC system. GE Vernova is currently in the development phase of the DCCB, which, when completed, is planned to become part of GE Vernova’s market offer.

The initial R&D award covers an 18-month design phase through December 2025. The implementation phase is scheduled to begin in 2026. Commercial deployment is expected by 2029. The project will be led by GE Grid GmbH (Berlin) with engineering to be conducted at GE Vernova’s HVDC facility in Stafford, UK.

This announcement reaffirms GE Vernova's dedication to providing innovative solutions that meet the grid's changing needs.

###

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 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.

Algiers, Algeria (July 17, 2024) – GE Vernova Inc. (NYSE: GEV) today announced that it has secured a major order from Sonelgaz through their joint venture, GE Algeria Turbines (GEAT), to enhance Algeria’s grid infrastructure. The order, which was booked in the second quarter of 2024, involves GE Vernova supplying GEAT with high voltage (HV) equipment, components, and grid automation solutions for 134 substations by 2028. GEAT will integrate this equipment at its Ain Yagout facility in Batna, Algeria for Sonelgaz projects.

The contract follows the agreement signed between Sonelgaz and GE Vernova earlier this year to diversify GEAT's core business towards manufacturing of high and extra-high voltage substations and marks a substantial step forward in the collaboration between GE Vernova, Sonelgaz, and GEAT. The supplied equipment is expected to play a pivotal role in integrating renewable energy sources and ensuring a reliable power supply for Algeria's growing population and economy.

Mourad Adjal, CEO of Sonelgaz Group said: “This order is the result of the expansion of existing capabilities between Sonelgaz and GE Vernova, through the recent amendment of their joint venture to enable the deployment of grid solutions in addition to the production of high and extra-high voltage substation equipment to implement Algeria’s electricity transmission network development plan. It also represents the culmination of Sonelgaz’s efforts to support the national integration program by producing high quality and advanced technology equipment for the first time in Algeria and Africa, ensuring the transfer of expertise in this field to Algeria.”

Philippe Piron, CEO of GE Vernova's Electrification Systems businesses, commented, "Securing this major order is a testament to our commitment to advancing Algeria's energy infrastructure. We are excited to deliver our advanced grid solutions that will enhance grid efficiency and support Algeria's energy transition. This order reinforces our dedication to fostering local talent and creating job opportunities in the region.”

GE Vernova spun-off from General Electric Company (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. In addition to the GEAT joint venture with Sonelgaz, the company has a strong legacy of contributions to the development of Algeria’s energy sector, providing power generation, transmission, and distribution solutions, as well as software applications, and employs over 300 people in the country.

###

Notes to Editors:

Forward Looking Statements

This press release 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.

About Sonelgaz Group

The Algerian Electricity and Gas Company (Sonelgaz) is an Algerian energy industrial group established in 1969. It is responsible for the production of electricity, and the transmission and distribution of electricity and gas across the entire Algerian territory. It includes 11 subsidiaries in its core businesses, industry, and services, as well as joint venture companies. Sonelgaz supplies the entire Algerian territory with electrical and gas energy, serving as a driver of economic and social development in Algeria. It currently serves nearly 12 million electricity customers and nearly 8 million gas customers. With a capacity of nearly 26,000 MW, Sonelgaz aims to expand internationally by developing interconnections with neighbouring countries and the southern shore of Europe. Moreover, Sonelgaz has been entrusted with the realization of the ambitious project to produce 15,000 MW of renewable energy by 2035. To achieve this, Sonelgaz has recently launched and awarded the execution of the first phase of this project, consisting of 3,200 MW. 

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.

CAMBRIDGE, Mass. (June 26, 2024) – GE Vernova Inc. (NYSE: GEV) today announced it has been awarded a contract by National Grid’s upstate New York business to supply and construct two separate 115 kV synchronous condenser sites at the company’s Coffeen and Taylorville substations.

GE Vernova will install three synchronous condenser machines including Prolec GE generator step-up (GSU) transformers at each site. Synchronous condensers play a vital role in managing reactive power and voltage levels, helping strengthen the grid and ensuring efficient flow of electricity. They are expected to help manage the flow of electricity and prevent power outages by increasing the short-circuit strength, which is crucial for providing consistent and reliable power to homes and businesses.

“These projects are a key part of New York’s Climate Leadership and Community Protection Act (CLCPA), a larger effort to meet New York State’s ambitious goals to reduce carbon emissions by 85% by 2050 from 1990 levels", said Olivier Ruiz, Regional General Manager for Grid Systems Integration – NAM at GE Vernova. “These new substations are expected to help enhance grid stability and reliability which is vital for supporting the state's transition to a low-carbon future.”

“GE Vernova is proud to support National Grid on this important initiative,” continues Olivier. “We are honored that our advanced technology was selected to play a key role in making New York’s power grid more stable and reliable, which is vital for integrating renewable energy sources and accelerating decarbonization."

GE Vernova will handle all aspects of the project, including studies, engineering, project management, building construction, equipment installation, and commissioning. The Coffeen site, located near Watertown, New York, is expected to be completed by August 2028, with the Taylorville site following in March 2029.

###

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.

About Prolec GE
Prolec GE is a joint venture between Xignux and GE, internationally recognized for quality manufacturing and reliable performance for over 25 years. The company is an electric industry leader in the Americas with six manufacturing facilities strategically located in Mexico, the United States, and Brazil and an installed product base in more than 35 countries. Its broad power transformer services offering in the U.S., as well as its wide variety of high voltage transformer components, complement Prolec GE’s full line of transformer solutions for the generation, transmission, and distribution of electrical energy for utilities, co-ops, municipalities, renewable project developers and original equipment manufacturers. As a leading supplier in the industry, Prolec GE embraces its commitment to providing an exceptional customer experience, superior quality products, comprehensive solutions and on-time deliveries while actively developing innovative, responsible, and sustainable solutions to solve the industry’s challenges. www.prolec.energy

CAMBRIDGE, Mass. (June 10, 2024) – GE Vernova Inc. (NYSE: GEV) and Seatrium Limited (Seatrium or the Group) today announced that, they have been awarded a third contract by TenneT TSO B.V. (TenneT) for the construction of a 2-gigawatt (GW) High Voltage Direct Current (HVDC) electric offshore transmission system in the Netherlands. The project is slated to begin in June 2024, with commissioning expected by 2031.

This contract is part of the five-year Framework Cooperation Agreement with TenneT announced by the GE Vernova-Seatrium consortium in March 2023. The agreement was signed to cover three projects, each valued at approximately EURO 2 billion: IJmuiden Ver Beta, IJmuiden Ver Gamma, and Nederwiek 2. The current contract is for Nederwiek 2, TenneT’s third project with this consortium. The contracts for IJmuiden Ver Beta and IJmuiden Ver Gamma were awarded to the consortium in March 2023.

The HVDC system will support TenneT's sustainability goal of connecting 40 GW of offshore wind energy in the German and Dutch North Sea and will serve the Nederwiek 2 offshore wind farm, located approximately 95 kilometers off the coast of the Netherlands.

Dr. Johannes Kammer, Associate Director of Large Projects Offshore - 2GW, TenneT, said: “With the successful call-off of Nederwiek 2 from the Framework Cooperation Agreement with our Partners GE Vernova and Seatrium, we are now starting into the delivery of the third project with this consortium. We are pleased with the progress we made already in the first two projects with these partners. Now we experience the benefits of using the works from the initial two projects on the next one as we design one and build it many times.”

GE Vernova's Grid Solutions, the consortium leader, will be responsible for the engineering, procurement, construction, installation, and commissioning (EPCI) of the HVDC converter stations. Seatrium’s scope of work will include the engineering, procurement, construction, transportation, installation, and commissioning of the 2 GW HVDC Offshore Converter Platform.

Mr. Johan Bindele, Head of Grid Systems Integration at GE Vernova’s Grid Solutions business, added: “TenneT is playing a crucial role in the energy transition, and we are honored to support their efforts with our advanced HVDC system. GE Vernova is dedicated to decarbonizing and electrifying the world, and the TenneT projects exemplify our commitment to advancing renewable energy infrastructure.”

Mr. Samuel Wong, Executive Vice President, Fixed Platforms at Seatrium, said: "We are pleased to partner with TenneT and GE Vernova to deliver this transformative offshore wind solution. This project underscores our commitment to helping our customers achieve their renewable energy goals by providing innovative and cost-effective solutions that help accelerate the energy transition. With valuable experience from working on the first two platforms, we are confident of delivering a high-quality end product to our customer, as well as achieving greater synergies through project repeatability in our series-build strategy with the One Seatrium Global Delivery Model.”

###

About TenneT
TenneT is a leading European grid operator. We are committed to providing a secure and reliable supply of electricity 24 hours a day, 365 days a year, while helping to drive the energy transition in our pursuit of a brighter energy future – more sustainable, reliable and affordable than ever before. In our role as the first cross-border Transmission System Operator (TSO) we design, build, maintain and operate over 25,000 kilometres of high-voltage electricity grid in the Netherlands and large parts of Germany, and facilitate the European energy market through our 17 interconnectors to neighbouring countries. We are one of the largest investors in national and international onshore and offshore electricity grids, with a turnover of EUR 9.2 billion and a total asset value of EUR 45 billion. Every day our 8,300 employees take ownership, show courage and make and maintain connections to ensure that the supply and demand of electricity is balanced for over 43 million people.

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.

About Seatrium Limited
Seatrium Limited provides innovative engineering solutions to the global offshore, marine and energy industries. Headquartered in Singapore, the Group has over 60 years of track record in the design and construction of rigs, floaters, offshore platforms and specialised vessels, as well as in the repair, upgrading and conversion of different ship types.

The Group’s key business segments include Oil & Gas Newbuilds and Conversions, Offshore Renewables, Repairs & Upgrades, and New Energies, with a growing focus on sustainable solutions to advance the global energy transition and maritime decarbonisation.

As a premier global player offering offshore renewables, new energies and cleaner offshore & marine solutions, Seatrium is committed to delivering high standards of safety, quality and performance to its customers which include major energy companies, vessel owners and operators, shipping companies, and cruise and ferry operators. Seatrium operates shipyards, engineering & technology centres and facilities in Singapore, Brazil, China, India, Indonesia, Japan, Malaysia, the Philippines, Norway, the United Arab Emirates, the United Kingdom and the United States. Discover more at www.seatrium.com. 

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 and TenneT TSO B.V.'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 business operations, financial results and financial position and on the global supply chain and world economy.

Changua County, TAIWAN (May 7, 2024) - GE Vernova’s Grid Solutions business (NYSE:GEV), together with TECO Electric and Machinery Co (TECO) celebrated the ground breaking of the ZhangGong Step-up Substation and the YongXing Switchyard in central Taiwan in Changhua County. The substations, owned by Taiwan Power Company will be installed with two units of GE Vernova’s ±200 Mvar STATCOM (Static Synchronous Compensator) systems, following the closure of a deal between the company and TECO in early 2024.

GE Vernova plans to deliver the STATCOM system and transformer solution, while TECO will manage civil work and overall site operations. The STATCOMs installed at these substations, which are connected via a 161 kV transmission line, are intended to facilitate the integration of more renewable energy into the area, as well as other regions in Taiwan, while enhancing the overall stability of Taiwan’s grid.

Changhua County is a key hub for diverse renewable energy projects—solar, wind, and hydro power. Beyond renewables, the county is home to a number of major electronics manufacturers, as well as food processing and agricultural industries.¹ With the increasing proportion of renewable energy, STATCOMs are expected to assume a crucial role in maintaining the stability of power flow within the region.

Mr. Pin Chang, President from Intelligence Energy Business Group of TECO said, “TECO has outstanding electromechanical technology and a proven track record in the field of electromechanical engineering. Through its collaboration with GE Vernova, we can enhance Taiwan's renewable power grid and ensure a more stable electricity supply.”

Shailesh Mishra, Regional Leader for GE Vernova’s Grid System Integration business in Asia Pacific, said, “We are honoured to contribute to Taiwan's renewable energy goals through the deployment of our advanced STATCOM technology. This collaboration with TECO underscores our commitment to sustainable energy solutions that drive positive change on a global scale.”

Renewable energy sources, such as solar and wind power, produce power intermittently. Consequently, when renewable energy sources are not producing power, the power grid can become unbalanced. This volatility can lead to voltage fluctuations that potentially harm equipment and disrupt power supply. Here, the STATCOM, a type of Flexible AC Transmission System (FACTS), comes into play. By regulating voltage and reactive power, the STATCOM ensures the power grid's sustained reliability and efficiency, particularly when utilizing higher amounts of renewable energy.

###

Notes to the Editor

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 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 more than 80,000 employees across 100+ countries around the world. 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. 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.

About TECO
https://www.teco.com.tw/en
Founded in 1956 as a motor manufacturer, TECO Electric & Machinery Co., Ltd. has consistently ranked among the top five motor manufacturers worldwide. The company has evolved into a major business group with interests spanning heavy electric equipment, home appliances, information technology, communications, key electronic components and parts, infrastructural engineering, financial investments, dining, and services. Our business operations extend to over 40 countries across the five major continents. In 1995, TECO acquired the Westinghouse Motor Company and renamed it TECO-Westinghouse Motor Company, based in Texas, USA. In 2015, TECO further expanded by acquiring Motovario S.p.A. in Italy, enhancing our product offerings with gear reducers. In recent years, our conglomerate has diversified into renewable energy businesses, such as electric vehicle powertrain systems, offshore wind power on-shore substation construction, and solar power energy storage system construction.

TECO's company vision is energy conservation, emissions reduction, intelligence, and automation, that are applied to the production of the new plants. We have set a ten-year global group goal to achieve a 50% reduction in emissions by 2030. TECO is committed to driving a more sustainable future for our clients and employees.

About TECO Intelligence Energy Business Group
https://tecoie.teco.com.tw/en 
TECO has been actively engaged in the energy industry for several years. In recent times, it has extended its efforts towards developing intelligent systems for energy harvesting, energy storage, and energy management, with a primary focus on three key green energy sectors: solar energy, energy storage, and offshore wind power.