Edinburgh, Scotland (September 3, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement* with ESB (Electricity Supply Board) to supply 16 units of its 6.1 MW-158m** onshore wind turbines for the 96 MW Chleansaid Wind Farm in the Scottish Highlands. The deal, which features a 20-year services agreement, uses turbines manufactured in Germany. With more than 1,800 turbines deployed across a wide range of applications and over 38 million operating hours, GE Vernova’s 6 MW products deliver versatility, dependability, and reliable lifetime performance. 

All the turbines at this project will use GE Vernova’s proven split-blade technology that allows logistically challenging projects to unlock the advantages of a larger rotor and greater energy production. This technology facilitates the transport of larger blades to challenging, remote locations, ensuring maximum efficiency and energy capture. 

This project reinforces the long-standing strategic relationship between GE Vernova and ESB, further supporting the UK’s goal of decarbonizing the power grid and expanding renewable capacity in Scotland. GE Vernova has also provided equipment for ESB through its Power and Electrification segments.

Gilan Sabatier, GE Vernova’s Chief Commercial Officer for Onshore Wind, international markets, said, "We are delighted to extend our support for ESB by supplying turbines for the Chleansaid Wind Farm. This will be the first use of our workhorse 6MW turbine in the UK, building on our existing UK footprint and installed base. By delivering our 6 MW workhorse platform with our proven split-blade technology, we are enabling ESB to maximize the production at this site."

Paul Lennon, Head of Renewables and Scottish Renewables Board Member, ESB, said, "Chleansaid marks a significant milestone for ESB as our first wholly developed onshore wind project in Scotland and is a significant step in delivering our renewable energy ambitions. Working with GE Vernova, we are proud to move the project into construction and support the transition to a secure energy future." 

GE Vernova's Wind segment’s onshore portfolio reflects a deliberate workhorse strategy — standardized, industrialized machines engineered for repeatable execution and long-term reliability. With more than 59,000 turbines operating globally, its experience informs every product it designs, manufactures, and deploys.

LONDON, United Kingdom, (27 August) – GE Vernova (NYSE: GEV) today announced it has been chosen by Laing O'Rourke to deliver a new 400 kV Gas-Insulated Switchgear (GIS) substation at Chesterfield, part of National Grid's Brinsworth to Chesterfield and Chesterfield to High Marnham projects. The new substation will help increase the capacity of the electricity transmission network, supporting growing electricity demand, maintaining a secure and reliable energy supply and helping connect more sources of home-grown renewable energy.

GIS technology enables large amounts of electricity to be transmitted safely and reliably in modern high voltage transmission networks. The investment forms part of wider upgrades to the transmission network across Derbyshire, South Yorkshire and Nottinghamshire.

“The energy transition will only move as fast as the infrastructure behind it,” said Johan Bindele, CEO Grid Systems Integration, GE Vernova. “The Chesterfield project is about building the transmission capacity the UK needs to move more electricity, strengthen resilience and support long-term economic growth. We are proud to bring our technology and execution capabilities together with Laing O’Rourke and National Grid to help deliver this critical infrastructure”

"The Chesterfield project is an important part of strengthening the UK's electricity transmission network for the future," said Adam Rawling, Enterprise Partner Director, Laing O'Rourke. "Working with GE Vernova, we're helping deliver the infrastructure needed to increase network capacity, improve reliability and support the UK's transition to a more electrified energy system."

The projects form part of The Great Grid Upgrade, the largest overhaul of the electricity grid in generations. Through major infrastructure projects across England and Wales, it is helping to connect more clean, secure and home-grown energy to homes and businesses. As demand for electricity grows, the new substation will help move more power safely and reliably across the network.

The project is planned to use GE Vernova's SF₆-free g³ GIS technology, part of GRiDEA^TM, our portfolio of solutions to decarbonize the grid. This technology is an alternative to sulphur hexafluoride (SF₆) that maintains the same high levels of performance, safety and reliability required for modern transmission networks.

GE Vernova's scope includes design engineering, procurement, equipment delivery, site installation, testing and commissioning. The company will also provide primary and secondary engineering, protection and control systems, interface management, integration with the existing transmission network and the decommissioning of existing equipment.

GE Vernova has supplied high-voltage substations and transmission technologies to utilities around the world for decades. Its technologies help customers strengthen electricity networks, improve reliability and accelerate the transition to more secure, resilient and sustainable power systems.

--End—

Paris, FRANCE (July 28, 2026) — First Hydro Company (joint venture between ENGIE and La Caisse), and GE Vernova Inc. (NYSE: GEV), announce the next phase of the modernization/replanting of the Dinorwig pumped storage hydropower plant in North Wales, UK. Under the agreement, GE Vernova is expected to replace two pumped storage units as part of First Hydro's long-term replanting programme at Dinorwig, to help extend the life of the plant for decades to come, while enhancing the plant’s reliability, availability and performance in support of UK grid stability.

Now over 40 years old, Dinorwig is one of Europe’s largest pumped storage hydropower plants and is renowned for its rapid response capability, delivering up to 1,320 MW of power within 12 seconds from standby, and up to 1,800 MW in under a minute. With such characteristics, this plant plays a vital role in grid resilience and frequency response, providing a capacity equivalent to power around one million homes in the UK.*

As majority owner and operator of the plant through First Hydro Company, ENGIE is making a significant long-term investment to extend its operational life. The wider programme includes the replacement of key plant components across all six generating units, alongside significant infrastructure upgrades.

The modernization forms part of one of the UK's largest hydro refurbishment and replanting programme, helping to strengthen long-term grid resilience and support the integration of renewable energy in the UK's evolving electricity system. This programme is expected to extend the plant’s life by at least 25 years, to ensure continued delivery of fast, flexible low-carbon power.

"This contract marks an important milestone in our long-term investment programme at Dinorwig," said Delphine Cherel-Sparham, Managing Director of ENGIE Hydro UK. "As majority owner and operator of the plant, ENGIE is committed to ensuring Dinorwig continues to provide the flexibility, resilience and energy storage capabilities that the UK electricity system increasingly depends upon. Together with GE Vernova, we are investing in the modernization of key generating units to help secure the plant's performance for decades to come.”

“This project is a strong example of how GE Vernova can bring innovation and engineering expertise to a landmark hydro asset,” said Emmanuel Mercier, GE Vernova’s Hydro Power EMEA Leader. “Dinorwig is a highly strategic facility for the UK power system, and we are proud to support First Hydro Company in strengthening the reliability and performance of this important plant.”

The announcement follows the successful completion of the pumped storage unit model test validation at GE Vernova’s testing laboratory in Grenoble, France. As part of its scope, GE Vernova is expected to supply the upgraded motor generators and pump turbines, alongside refurbishment of embedded parts such as the spiral case, stay ring and draft tube. The project also includes an upgraded control system for the station, as well as low-voltage, medium-voltage and DC power supply systems. The pump turbines and motor generators were engineered respectively in GE Vernova’s Centers of Excellence in Grenoble, France and Birr, Switzerland. 

The project also builds upon GE Vernova’s cross-business capabilities, including Variable Frequency Starting Equipment engineered, supplied and installed by GE Vernova’s Power Conversion business in Germany, a protection system provided by Grid Solutions in Spain, and the manufacture of the generator shaft by Gas Power in Switzerland. The plant’s control system will be refurbished using GE Vernova’s industrial experience.

Pumped Storage Projects

Pumped storage hydro provides large-scale energy storage and fast-response flexibility, helping to balance electricity supply and demand while supporting the integration of renewable energy. Through First Hydro Company, ENGIE and La Caisse own and operate the Dinorwig and Ffestiniog pumped storage stations in North Wales, which together provide 2.1 GW of installed capacity and represent around 74% of the UK's pumped storage hydro capacity.

GE Vernova is one of the largest players in the global pumped storage space with nearly 30% of the global installed base and is currently developing more than 3 GW of pumped storage projects around the world.

###

Note to editors: 

Financial editors: the order was booked in Q2 2026.
* Assuming that the average UK household demand at a given moment: about 1.8 kW per home.

About ENGIE 

ENGIE is a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With more than 90,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to individuals, local authorities and businesses. Every year, ENGIE invests on average €12 billion per year to drive forward the energy transition and achieve its net-zero carbon goal by 2045.

About ENGIE in the UK

ENGIE employs more than 8,000 people in the UK and operates right across the energy value chain, producing, storing, distributing, and supplying energy. It owns and manages a diverse portfolio of renewable generation and flexible storage assets, including Europe’s largest pumped-storage hydro plant. It also supplies energy to more than 17,000 business customers and produces over 200 GWh of biomethane each year.

ENGIE owns UK Power Networks, the UK’s leading electricity distribution network operator, serving 8.5 million customers across London, the South East and East of England. Through Ocean Winds, its joint venture, ENGIE is one of Scotland’s largest offshore wind generators with 1.8 GW of capacity. Over more than 20 years, ENGIE has invested billions in the UK’s energy transition - supporting energy security and enabling customers to decarbonise at scale.

ENGIE Financials

Turnover in 2025: €71.9 billion. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris - Europe 120 / France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).

ENGIE Press contact:
Alanna Rooney
Tel. UK: +44 7739072404
Email : Alanna.Rooney@engie.com / UKmediaenquiries@engie.com 

WILMINGTON, North Carolina (December 11, 2025) – The GE Vernova Hitachi Nuclear Energy (GVH) BWRX-300 small modular reactor (SMR) has completed Step 2 of the Generic Design Assessment (GDA) process in the UK.

The BWRX-300 completed Step 1 of the GDA process in December 2024 and GVH has now received formal notification about completion of Step 2. The Office for Nuclear Regulation (ONR), the Environment Agency (EA) and Natural Resources Wales (NRW) utilize the GDA process to ensure that new reactor designs meet the highest standards for safety, security and environmental protection. The ONR and EA statements indicate that their Step 2 assessment has not identified any fundamental safety, security safeguard or environmental protection shortfalls with the design of the BWRX-300.

“Completing Step 2 of the GDA is a significant regulatory milestone,” said Andy Champ, GVH UK Country Leader. “This is the fastest that any technology provider has completed steps 1 and 2, truly demonstrating the value of our progress in construction in Canada and is another sign that the BWRX-300 continues to advance globally.”

As it works to deploy the BWRX-300 in Poland and Eastern Europe, Orlen Synthos Green Energy (OSGE) coinvested in the GDA for the BWRX-300 as part of the UK government’s Future Nuclear Enabling Fund project to benefit from regulatory lessons learned.

“Today we have taken another step towards supporting Britain with much needed affordable, clean and reliable energy,” said Rafał Kasprow, CEO, OSGE. “By completing GDA Step 2, the BWRX-300 continues prove it is the world’s most deployment ready SMR.”

Momentum around the BWRX-300 continues to build globally. Construction of the first BWRX-300 is underway at Ontario Power Generation’s (OPG) Darlington site near Toronto. A total of four units are planned for the site. The U.S. Nuclear Regulatory Commission has accepted and is reviewing Tennessee Valley Authority’s (TVA) application to construct the first BWRX-300 in the U.S. at the utility’s Clinch River site in Oak Ridge, Tennessee. OPG, TVA, Duke Energy and Synthos Green Energy in Poland are investing in the standard design of the BWRX-300. These developments support GVH’s progress and leadership in scaling and deploying SMRs commercially to customers around the globe.

STAFFORD, UK (July 3, 2025) – Last week, GE Vernova and The Inspirational Learning Group celebrated the graduation of 27 students from Next Engineers, a three-year global career readiness programme creating opportunities for young people to become engineers. This is the second graduating class of Next Engineers: Engineering Academy students in Staffordshire, UK.

The 27 students from across Staffordshire celebrated their graduation alongside family, friends, GE Vernova, and The Inspirational Learning Group at Uttoxeter Racecourse. The Inspirational Learning Group is the educational partner for the local Next Engineers programme, which was established in 2021.

“We are thrilled to celebrate the achievements of our second cohort,” said Vera Silva, Chief Technology & Strategy Officer of GE Vernova’s Electrification Systems businesses. “The Next Engineers programme continues to equip young people with not only the technical skills needed to become an engineer but also transferable skills such as time management, communication and adaptability. We recognise that there are many pathways to become an engineer in the UK, which is why we are pleased to be the only Next Engineers location to offer scholarships for apprenticeships as well as university degrees.”

Students who complete the Engineering Academy programme and enrol in a qualified engineering/engineering-related degree programme or apprenticeship receive scholarships to support their education toward becoming engineers. To date, the Next Engineers programme in Staffordshire has reached nearly 8,800 students and awarded £147,500 ($199,000) in scholarships to qualifying graduates.

"We’re incredibly proud to partner with a global organisation like GE Vernova to deliver meaningful opportunities for young people here in Staffordshire,” said Ben Dyer, Co-Founder of The Inspirational Learning Group. “Together, we’re not just promoting careers in STEM, we’re opening doors, building confidence, and helping students gain skills that will prepare them for a successful future. We’re proud of what this programme has achieved and we're excited to keep supporting the next generation of engineers."

The Next Engineers: Engineering Academy is a transformative learning experience designed for students aged 15 to 18. Through a rigorous curriculum, immersive design challenges, and career coaching, students learn to think and act like engineers. Engineers and employees from GE Vernova’s three facilities in Staffordshire, actively engage with the programme through skill-based volunteering, donating over 7,200 hours since the start of the programme.

For more information about Next Engineers and the Engineering Academy, visit NextEngineers.org.

###

About Next Engineers
Next Engineers, a programme originally funded by the GE Foundation in 2021, now known as the GE Aerospace Foundation, is a career readiness programme dedicated to inspiring and preparing the next generation of engineers. Through innovative programmes, mentorship, and community partnerships, we empower young minds to shape a better future through engineering.

About The Inspirational Learning Group
The Inspirational Learning Group develop and deliver innovative career solutions for students, education institutes and employers across the U.K. and beyond. We are proud to have engaged and positively influenced over 600,000 students through our flagship programme, The National Careers Challenge, our real-life business challenge that enables young people to develop crucial key employability skills, vital for the ever-changing world of work. Our portfolio also includes additional programmes such as our Stocks & Shares Challenge, My Perfect University, Team Building challenges and summer school provision. As the partner of choice for outreach activity of several large, high-profile organisations such as NatWest and GE Vernova, TILG are being increasingly relied on to create truly bespoke education and outreach initiatives to support development, social mobility and inclusion. We are changing the way that young people are educated about their future world of work, engaging, inspiring, and motivating them to succeed.

LONDON (April 11, 2025) — GE Vernova’s Nuclear business, GE Hitachi Nuclear Energy (GEH), has submitted its final tender response, as part of Great British Nuclear’s (GBN) ongoing small modular reactor (SMR) selection competition.

GEH’s BWRX-300, a 10^th generation design, builds on decades of real-world boiling water reactor operating experience and innovation, using a standard design, a proven delivery model and GEH’s experience with cross-border regulatory collaboration.

GEH and Ontario Power Generation (OPG) are developing the first BWRX-300 – the first SMR in the G7 – at OPG’s Darlington site near Toronto. Early site preparation work has been completed. OPG has received a license to construct the first unit from the federal nuclear regulator, the Canadian Nuclear Safety Commission, and awaits the go-ahead from the provincial government to proceed with construction.

"The Government has a unique opportunity to position the UK at the forefront of delivering the next generation of nuclear power and this submission marks a significant step forward in achieving this goal,” said Andy Champ, GEH UK Country Leader. “The BWRX-300 offers a simplified, safe, and scalable design, backed by a proven track record of advancing SMR technology internationally. Together with our strategic investment partners, we are eager to bring this expertise to the UK."

“We are pleased to submit our final proposal and are excited by the opportunity this milestone brings to the UK energy market,” said Maví Zingoni, CEO, GE Vernova's Power businesses. “Moving forward with two projects will help to establish an innovative new nuclear sector here in the UK, driving socio-economic growth up and down the country, creating jobs and unlocking greater opportunities to bolster the UK supply chain.”

GEH recently signed a series of Memorandum of Understanding (MoUs) with major UK firms Boccard and Cavendish Nuclear as well as Aecon, Amentum, AtkinsRéalis and Laing O’Rourke. These agreements build on GEH’s SMR supply chain conference held in Sheffield last year, which was attended by over 150 UK businesses.

Separately, in January 2024 GEH received a £33.6 million Future Nuclear Enabling Fund (FNEF) grant from the Department for Energy Security & Net Zero (DESNZ). In conjunction with the awarding of this grant, GEH entered the Generic Design Assessment (GDA) process for the BWRX-300.

Building on a deep history in the UK, GE Vernova has a significant local footprint with four manufacturing facilities across the country and more than 30 percent of the country’s electricity currently powered by our technology.

LONDON, UK (February 4, 2025) - GE Vernova’s nuclear business, GE Hitachi Nuclear Energy (GEH), has signed another series of Memorandum of Understanding (MoUs) with two major UK nuclear engineering firms - Boccard and Cavendish Nuclear.

These MoUs signal GEH’s intent to work more closely with suppliers in the UK, leveraging their industry-leading expertise in the construction and delivery of nuclear power plants in order to advance the development and operation of GEH’s BWRX-300 Small Modular Reactor (SMR) as it continues to progress through Great British Nuclear’s (GBN) ongoing SMR selection competition. This builds on GEH’s previously announced MoU collaborations with Aecon, AtkinsRéalis, Jacobs and Laing O’Rourke.

Andy Champ, GE Hitachi UK Country Lead, said: “These MoUs with Boccard and Cavendish Nuclear strengthen our commitment to working with the UK nuclear supply chain to deliver our BWRX-300 SMR technology in the UK. We are proud to be working alongside these industry-leading companies, demonstrating our dedication to providing the UK with scalable, cost-effective clean energy solutions.

“By combining their expertise with our extensive experience working in partnership with Ontario Power Generation (OPG) on the Darlington project in Canada, we're well positioned to reliably deliver this technology for the best value for money. We look forward to continuing our work with both the supply chain and GBN to make nuclear energy a key enabler of Britain's clean energy future.”

Douglas McQueen, Managing Director, Boccard UK, said: “Boccard UK welcome the announcement regarding to the signing of this MOU with GE Vernova. Our state-of-the-art UK fully digitalised nuclear manufacturing facility in North Wales supported by our engineering and project management teams will bring exceptional levels of quality and value to the Nuclear New Build program. Our Digital Manufacturing controls delivered via our bespoke software “BocTrack ®”, will deliver a faster route to commercial market, not only SMRs, but also GW Generating stations which are pivotal to the UK’s major decarbonising program. We look forward to the ongoing collaboration with GE Vernova at this exiting time in the energy sector.”

Mick Gornall, Cavendish Nuclear Managing Director, said: “Cavendish Nuclear is delighted to continue to deepen our relationship with GEH; building on our current manufacturing studies to underpin credible UK supply chain options for the Reactor Pressure Vessel and other key components.”

The MoU with Cavendish Nuclear, a wholly-owned subsidiary of Babcock International, will build upon work on advanced manufacturing and operational readiness being delivered under the UK Government’s Future Nuclear Enabling Fund while also building on the existing relationship GEH has with Cavendish Nuclear in support of the regulatory approval of the BWRX-300 through the Generic Design Assessment (GDA) process.

GEH and OPG are developing the first BWRX-300 at OPG’s Darlington site near Toronto which is anticipated to be the first commercial SMR in the G7. Early site preparation work has been completed, with construction of the first unit expected to start later this year, pending regulatory approval, and commercial operation expected to commence by the end of 2029. A total of four 300 MW units are planned for the Darlington site.

Building on a long and deep history in the UK, GE Vernova has a significant local footprint with four manufacturing facilities and more than 30 percent of the country’s electricity currently powered by its technology. GEH is committed to developing a robust UK supply chain for its BWRX-300 deployment having held a SMR supply chain conference in Sheffield in April 2024, which was attended by over 150 UK businesses.

Separately, in January 2024 GEH received a £33.6 million Future Nuclear Enabling Fund (FNEF) grant from the UK Department for Energy Security & Net Zero (DESNZ). In conjunction with the awarding of this grant, GEH entered the Generic Design Assessment (GDA) process for the BWRX-300.

###

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 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 Nuclear energy business, through its global alliance with Hitachi, is a world-leading provider of nuclear fuel bundles, services, and advanced nuclear reactor designs. Technologies include boiling water reactors and small modular reactors, such as the BWRX-300, which is one of the simplest, yet most innovative boiling water reactor designs. GE Vernova’s Nuclear fuel business, Global Nuclear Fuel (GNF), is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE Vernova-led joint venture with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan.

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.

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 memoranda of understanding and the expected impact of the relationships created thereunder, contract and project proposals, bidding processes, government review processes and competitions, 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.

LONDON (December 12, 2024) - GE Vernova’s nuclear business, GE Hitachi Nuclear Energy (GEH), has progressed to the next step of the Generic Design Assessment (GDA) with its BWRX-300 Small Modular Reactor (SMR) technology.

Step 1 of GEH’s GDA began in January 2024 and focused on agreeing the scope and schedule for Step 2, which has now been successfully completed. Today marks the start of Step 2.

The GDA process ensures that new reactor designs meet the highest standards for safety, security, and environmental protection.

GEH’s 10th generation SMR design – the BWRX-300 – leverages a unique combination of a new, patented safety breakthrough and proven components. The BWRX-300 builds on decades of real-world boiling water reactor operating experience and innovation, using a standard design, a proven delivery model and GEH’s experience with cross-border regulatory collaboration.

GEH and Ontario Power Generation (OPG) are developing the first BWRX-300 at OPG’s Darlington site near Toronto. Early site preparation work has been completed, with construction expected to start in 2025 and commercial operation to commence by the end of 2029. A total of four 300 MW units are planned for the Darlington site.

Andy Champ, GEH UK Country Leader, said: “Progressing to Step 2 of the GDA demonstrates our unwavering desire to deliver a fleet of nuclear reactors in the UK. Our design will be tried and tested through our partnership with OPG to deploy the first civil SMR in the G7. This means we have extensive experience across the full nuclear lifecycle, with a proven track record deploying reactor technology on time and on budget.”

Chris Southern, Senior Project Director, GEH, said: "This significant milestone underscores GEH’s commitment to advancing SMR technology safely in the UK. Our BWRX-300 technology builds on our already proven BWR design, offering not only a smaller but simpler modular reactor, without sacrificing safety responses or operational performance. We remain dedicated to demonstrating the feasibility and reliability of our SMR technology as we progress through Great British Nuclear’s SMR competition.”

Rafał Kasprów, CEO of ORLEN Synthos Green Energy (OSGE), said: “Congratulations to GEH on the successful and on-schedule completion of GDA Step 1 and the transition to the GDA Step 2 of the BWRX-300 in the UK. In the European market, pan-European SMR platforms are beginning to emerge, based on GEH's proven technology. This allows for leveraging invaluable licensing experience in the nuclear industry, utilizing existing supply chains, and simplifying access to financing.

“From our perspective, the simultaneous deployment of BWRX-300 technology in several European countries significantly reduces risk, is attractive to investors, and ensures optimal use of existing production infrastructure, including in the UK and Central and Eastern Europe (CEE).”

OSGE is co-financing part of the licensing of the BWRX-300 with GEH as part of the Future Nuclear Enabling Fund project.

Jon Fowler, Vice President for Nuclear Power at Amentum, said: “It is a great achievement to reach this stage in the GDA process in a relatively short space of time. Amentum was able to draw on our extensive experience with applications for new nuclear plants to provide design capabilities to help achieve this. Our collaboration with GEH on this application is accelerating the UK ambition to achieve greater energy security and meet its net-zero carbon targets.”

Building on a long and deep history in the UK, GE Vernova has a significant local footprint with four manufacturing facilities and more than 30 percent of the country’s electricity currently powered by our technology.

GEH is committed to developing its robust UK supply chain further for its BWRX-300, having recently signed a series of Memorandum of Understanding (MoUs) with Aecon, AtkinsRéalis, Amentum and Laing O’Rourke. These agreements build on GEH’s previously announced collaboration with Sheffield Forgemasters to discuss how the Sheffield-based company’s forgings could help contribute to BWRX-300 deployment in the UK. GEH also held a SMR supply chain conference in Sheffield earlier this year, which was attended by over 150 UK businesses.

###

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 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 Nuclear energy business, through its global alliance with Hitachi, is a world-leading provider of nuclear fuel bundles, services, and advanced nuclear reactor designs. Technologies include boiling water reactors and small modular reactors, such as the BWRX-300, which is one of the simplest, yet most innovative boiling water reactor designs. GE Vernova’s Nuclear fuel business, Global Nuclear Fuel (GNF), is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE Vernova-led joint venture with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan.

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.

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 memoranda of understanding and the expected impact of the relationships created thereunder, contract and project proposals, bidding processes, government review processes and competitions, 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.

With net zero deadlines inching closer, the United Kingdom is in a race to ensure it has the capacity to generate enough electricity to keep the lights on throughout the country — while meeting its own legally binding mandates for carbon reductions.

LONDON (September 26, 2024) — GE Vernova’s Nuclear business, GE Hitachi Nuclear Energy (GEH), has progressed to the next stage of Great British Nuclear’s (GBN) Small Modular Reactor (SMR) competition.

The SMR competition is part of the government’s plan to revive nuclear power and for the UK to lead the global race to develop cutting-edge nuclear technologies. The shortlist has been narrowed to four candidates and in the next phase, successful companies will have the opportunity to bid for government contracts.

GEH’s 10th generation SMR design – the BWRX-300 – builds on decades of real-world operating experience and innovation, using a standard design, a proven delivery model and GEH’s experience with cross-border regulatory collaboration. GEH and Ontario Power Generation (OPG) are developing the first BWRX-300 at OPG’s Darlington site near Toronto. Early site preparation work has been completed, with construction expected to start in 2025 and commercial operation to commence by the end of 2029. A total of four 300 MW units are planned for the Darlington site.

Andy Champ, GEH UK Country Leader, said: "We have big ambitions for deploying our SMR technology in the UK, so we are proud to advance to the next stage of GBN’s competition. With site works already underway in Canada for our first BWRX-300 – the most advanced SMR project in the G7 – we are in a strong position to lead SMR deployment in the UK by leveraging our expertise in other markets.

Sean Sexstone, Executive Vice President, Advanced Nuclear, GEH said: “As the UK looks to deliver cleaner, cheaper and reliable energy solutions, the BWRX-300 offers a simplified, safer and scalable design that is tried and tested. We are ready to partner with GBN and the UK Government to deliver on our shared nuclear ambitions in the UK, accelerating the energy transition at pace.”

Building on a long and deep history in the UK, GE Vernova has a significant local footprint with four manufacturing facilities and more than 30 percent of the country’s electricity currently powered by its technology.

GEH is committed to developing its robust UK supply chain further for its BWRX-300, having recently signed a series of Memorandum of Understanding (MoUs) with Aecon, AtkinsRéalis, Jacobs and Laing O’Rourke. These agreements build on GEH’s previously announced collaboration with Sheffield Forgemasters to discuss how the Sheffield-based company’s forgings could help contribute to BWRX-300 deployment in the UK. GEH also held a SMR supply chain conference in Sheffield earlier this year, which was attended by over 150 UK businesses.

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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 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 Nuclear energy business, through its global alliance with Hitachi, is a world-leading provider of nuclear fuel bundles, services, and advanced nuclear reactor designs. Technologies include boiling water reactors and small modular reactors, such as the BWRX-300, which is one of the simplest, yet most innovative boiling water reactor designs. GE Vernova’s Nuclear fuel business, Global Nuclear Fuel (GNF), is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE Vernova-led joint venture with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan.

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.

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, contract and project proposals and bidding processes, 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.