CAMBRIDGE, MA – October 5, 2026 – GE Vernova Inc. (NYSE: GEV) is proud to announce that several of its customers have received top honors in the 2026 POWER Awards, an annual program organized by POWER Magazine. These prestigious industry accolades recognize top performers in the electricity-generating industry with annual awards. These awards underscore the success of our collaboration in deploying cutting-edge gas, and decarbonization technologies to accelerate the global energy transition and support security of power supply.

• Nhon Trach 3&4: A Benchmark for Vietnam’s Energy Future. In Vietnam, the 1.6 GW Nhon Trach 3&4 Power Plant—equipped with GE Vernova’s advanced combined-cycle 9HA.02 gas turbines—was honored with the Plant of the Year Award and the Top Gas Plant Award. Owned and operated by PetroVietnam Power Corporation (PV Power), the facility is Vietnam’s first LNG-fired power plant. Achieving over 63% combined-cycle efficiency, the plant plays a cornerstone role in Vietnam’s Adjusted Power Development Plan VIII (PDP8) by providing the reliable, flexible capacity needed to integrate more renewables into the grid.
   

• Duke Energy DeBary: Leading the Way in Hydrogen Innovation. GE Vernova’s collaboration with Duke Energy at the DeBary facility in Florida has been recognized with the POWER Magazine Hydrogen Award. By performing combustion system retrofits on two of the facility's GE Vernova 7E.03 gas turbines, Duke Energy and GE Vernova have moved hydrogen from concept and pilot scale into real‑world grid operations, with DeBary recognized as a first‑of‑its‑kind achievement for the U.S. power sector: the nation’s first end‑to‑end system capable of producing, storing, and combusting 100% green hydrogen for commercial peaking power generation. This initiative serves as a model for how utilities can lower the carbon intensity of their existing generation assets while maintaining the reliable, dispatchable power necessary for a modern grid.
   

• Dominion Energy Parr Station: Writing the Next Chapter in a Century of Reinvention Dominion Energy’s Parr Station modernization has been honored with the prestigious POWER Magazine Reinvention Award, celebrating the transformation of a site with over 100 years of energy history into a high-performance, flexible power asset. By deploying GE Vernova’s LM6000VELOX* package solution, the project delivers the fast-start capability, black start support, and operational flexibility necessary to manage the variability of modern renewable resources. This modernization at Parr Station In South Carolina, successfully bridges a century of service with the demands of a sustainable energy future, providing the grid with the reliable, agile power it needs to evolve.

These awards underscore the versatility of GE Vernova’s portfolio and our ability to execute complex, high-impact projects globally. From supporting industrial growth in Southeast Asia to pioneering hydrogen-ready infrastructure and advanced generation and storage modernization in the United States, we are proud to provide the technology that helps our customers navigate the complex path toward a more sustainable, reliable, and flexible energy future.

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Notes to editors:

“Decarbonization”, as used in this article, is intended to mean the reduction of carbon emissions on a kilogram per megawatt hour basis.

*Trademark of GE Vernova and/or its affiliates.

KNOXVILLE, TN (September 29, 2026) – GE Vernova Hitachi Nuclear Energy (GVH) today welcomed the U.S. Nuclear Regulatory Commission’s (NRC) issuance of a construction permit to the Tennessee Valley Authority (TVA) for a BWRX-300 small modular reactor at its Clinch River site in Oak Ridge, Tennessee.

The permit is the first issued in the United States for a BWRX-300 and represents a significant milestone for TVA, GVH and the U.S. nuclear industry as the country advances toward a new generation of nuclear power deployment.

“This is a milestone for TVA and GE Vernova Hitachi Nuclear Energy, and an important moment for new nuclear in the United States,” said Eric Gray, CEO of GE Vernova Power Segment.  “TVA has shown strong leadership in advancing new nuclear, a commitment bolstered by the collaborative efforts of the NRC and Department of Energy. Together, and in alignment with federal Executive Orders aimed at accelerating advanced reactors, we are grateful for this collaboration as we work to support the deployment of the first BWRX-300 in the country.”

The NRC’s decision follows an extensive review of TVA’s construction permit application and builds on significant engagement between TVA, the NRC and GVH. The process demonstrates how experience, early regulatory engagement and a mature reactor design can support a more efficient pathway for advanced nuclear projects.

The milestone also adds to growing regulatory progress for the BWRX-300 across North America. In April 2025, the Canadian Nuclear Safety Commission (CNSC) issued Ontario Power Generation (OPG) a License to Construct the first BWRX-300 at its Darlington New Nuclear Project site, where nuclear construction is now underway. In March 2026, OPG submitted its License to Operate application for the first unit, which is currently under review by the CNSC. In September 2026, Blue Energy submitted the first part of its construction permit application to the NRC for a BWRX-300 planned for its gas-plus-nuclear project in Texas.

Together, these projects are establishing a growing body of licensing experience that can be applied across future BWRX-300 deployments.

“Fleet deployment is essential to scaling nuclear energy in the United States,” said Jason Cooper, CEO of GE Vernova Hitachi Nuclear Energy. “A standard design, combined with a predictable and efficient regulatory environment, allows us to apply common technology, licensing experience, supply chain capabilities and lessons learned from one project to the next. Clinch River brings us another step closer to making that fleet model a reality.”

TVA submitted its construction permit application for Clinch River in April 2025. The project builds on TVA’s existing Early Site Permit for Clinch River and is located within the Oak Ridge nuclear ecosystem, near the U.S. Department of Energy’s Oak Ridge National Laboratory.

The BWRX-300 is a 300-MW small modular reactor designed to reduce construction complexity by using a simplified configuration and leveraging decades of boiling water reactor operating experience.

NEW YORK (September 22, 2026) – SGE, GE Vernova, Hitachi and Samsung C&T have signed a Memorandum of Understanding (MoU) establishing a framework for cooperation on market development and commercial opportunities for the deployment of the BWRX-300 small modular reactor in Central and Eastern Europe and the United Kingdom.

The MoU was signed in New York during the Atlantic Council Nuclear Energy Policy Summit, held on the sidelines of the United Nations General Assembly, in the presence of U.S. Deputy Secretary of State Christopher Landau and Masayoshi Arai, Vice-Minister for International Affairs at Japan’s Ministry of Economy, Trade and Industry (METI).

The agreement is linked to the broader Memorandum of Cooperation (MOC) for SMR deployment in third countries signed on the margins of this year’s NATO summit by United States Secretary of State Marco Rubio, Japan Foreign Minister Motegi Toshimitsu, and Republic of Korea Foreign Minister Cho Hyun. The U.S. Department of State specifically identified the initiative among GE Vernova, Hitachi, Samsung C&T and SGE as a concrete industry effort to advance BWRX-300 deployment across Europe and deepen government-industry cooperation on global energy security.

Under the MoU, the companies will work together to assess market opportunities, further develop deployment strategies and pursue commercial opportunities for the BWRX-300. The cooperation brings together complementary capabilities in nuclear technology, engineering and project delivery, and regional development expertise. 

GE Vernova Hitachi Nuclear Energy (GVH), a joint venture between GE Vernova and Hitachi, is the designer and technology provider of the BWRX-300. Hitachi GE Vernova Nuclear Energy, a subsidiary of Hitachi, brings extensive nuclear technology and industrial expertise, while Samsung C&T contributes international engineering and construction capabilities, including experience in major nuclear and energy infrastructure projects. SGE is developing a fleet of BWRX-300 reactors in Europe and will continue to act as the exclusive regional lead for the BWRX-300 in much of Central and Eastern Europe.

"As European countries pivot to nuclear, we are committed to working with our close partners to help deploy Small Modular Reactors at the scale they need to deliver on their ambition," said Roger Martella, GE Vernova's Chief Corporate Officer and Chief Sustainability Officer. "GE Vernova has a long-standing history and presence across the European continent. This collaboration brings together complementary capabilities to help advance BWRX-300 deployment across multiple markets and build on the momentum already behind the technology."

"Hitachi has continued to bring long-standing experience in nuclear technology, through our partnership with GE Vernova," said Yasunori Inada, Vice President and Executive Officer, CEO of Nuclear Energy Business Unit, Hitachi. "This collaboration brings together the strengths and expertise of each partner, and Hitachi will contribute to exploring the deployment of the BWRX-300 in Europe by drawing on the technological capabilities cultivated through our nuclear business and on our collaboration with qualified Japanese suppliers. By further combining the digital technologies and innovation of the Hitachi Group, we will help realize a sustainable energy society and advance decarbonization in Europe as One Hitachi."

"Samsung C&T is working together with GVH on the deployment of the BWRX-300, and recently achieved a great outcome with Studsvik in Sweden," said Jung Wook Kim, Executive Vice President and Head of Global Business Unit and Global Operation, Samsung C&T. "Samsung C&T is honored to open a new chapter in Europe's SMR business together with GE Vernova, Hitachi and SGE. Building on Samsung C&T's proven EPC capabilities, we will fully leverage the synergy created by this four-way partnership to strengthen Europe's energy security and contribute to the realization of carbon neutrality.

“Europe and the UK need a scalable commercial model for new nuclear, built on proven technology, established supply chains and world-class delivery partners,” said Michał Sołowow, founder of SGE. “By combining GE Vernova Hitachi’s BWRX-300 technology, Hitachi’s industrial capabilities and Samsung C&T’s global construction expertise, SGE is creating a platform to deploy standardized nuclear fleets across multiple markets. We believe this can become one of the most competitive commercial solutions for Europe’s energy system — delivering reliable, clean energy 24/7, reducing execution risk, strengthening the supply chain and supporting long-term industrial growth.”

“Europe is entering a new strategic era in which energy independence, security of supply and industrial resilience are becoming core elements of national and regional security,” said Rafał Kasprów, CEO of SGE. “This agreement brings together state-of-the-art American nuclear technology from GE Vernova Hitachi, the industrial and technological capabilities of Hitachi and Samsung, and SGE’s European BWRX-300 development platform. Our objective is to establish a standardized, cross-border BWRX-300 fleet across the European Union and the United Kingdom, creating a new layer of secure, reliable and low-carbon generation capacity. By combining American technology, Japanese and Korean industrial strength, and European development capabilities and supply chains, we are building the foundations of a long-term nuclear strategic program designed to strengthen Europe’s energy security, strategic autonomy and industrial competitiveness.”

The BWRX-300 is 300 MW small modular reactor developed by GE Vernova Hitachi Nuclear Energy and Hitachi GE Vernova Nuclear Energy, built on decades of real-world boiling water reactor operating experience and innovation. Its simplified, standardized design is intended to support repeatable deployment and efficient project delivery. With the first unit already under construction in Canada, the BWRX-300 is well positioned to support Europe’s nuclear expansion by strengthening energy security and delivering reliable, carbon-free power at scale.

SGE is advancing BWRX-300 deployment across several European markets. In Poland, Decisions in Principle have been issued for 26 BWRX-300 reactors, with the current development focus on three sites with the potential to host the first 14 units. In the United Kingdom, SGE is advancing a 4.2 GW fleet of 14 BWRX-300 reactors across three multi-unit sites, with its proposal progressing to the Preliminary Regulatory Assessment Deep Dive led by Great British Energy – Nuclear. The company is also pursuing further opportunities across Central and Eastern Europe as part of its strategy to build a cross-border BWRX-300 fleet supporting European energy security, industrial resilience and the long-term supply of reliable, clean energy.

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About SGE

SGE is a European small modular reactor (SMR) development platform, established in 2019 and headquartered in Warsaw. The company is a co-investor in a standardized project based on the world’s most advanced commercially available SMR technology – the BWRX-300 reactor, developed by GE Vernova Hitachi Nuclear Energy. By combining proven technology with an innovative business model, SGE has become a leading SMR project developer in Europe. The company is currently developing partnerships and projects in over half a dozen European countries. Its flagship program is being implemented in Poland in collaboration with global energy leader ORLEN, with work underway at three sites and the first unit expected to be commissioned in 2032. In the United Kingdom, SGE is advancing a 4.2 GW fleet of fourteen BWRX-300 reactors across three multi-unit sites. The proposal has progressed to the Preliminary Regulatory Assessment Deep Dive led by Great British Energy – Nuclear, with the first site planned to host six units and initial commercial operation targeted for 2034.

About Samsung C&T

Samsung C&T’s Engineering & Construction Group has more than 40 years of engineering and construction experience operating throughout the world. The group spans commercial and residential buildings, civil infrastructure and plant construction. Its landmark projects include Burj Khalifa, the world’s tallest building, the ongoing Riyadh Metro Project in Saudi Arabia, the Qurayyah 4,000 MW CCPP Project, and the ongoing Qatar 2,000 MW Solar Power Project. In the nuclear energy sector, the company has successfully delivered 12 GW across 10 units, including the 5.6 GW Barakah Nuclear Power Plant in the UAE. It has recently undertaken the Nuclear Power Plant refurbishment project and Front-End Engineering Design (FEED) for Small Modular Reactors (SMRs), demonstrating its global competitiveness in large-scale reactor and SMR technologies, and solidifying its expertise across all areas of the nuclear industry.

About Hitachi

Through its Social Innovation Business (SIB) that brings together IT, OT(Operational Technology) and products, Hitachi aims to be a global leader in continuously transforming social infrastructure through digital, contributing to a harmonized society where the environment, wellbeing, and economic growth are in balance.

Hitachi operates worldwide across four sectors – Digital Systems & Services, Energy, Mobility, and Connective Industries – as well as a Strategic SIB Business Unit focused on new growth areas. With Lumada at its core, Hitachi creates value by combining data, technology and domain knowledge to solve customer and social challenges. Revenues for FY2025 (ended March 31, 2026) totaled 10,586.7 billion yen, with 606 consolidated subsidiaries and approximately 290,000 employees worldwide. Visit us at www.hitachi.com.

WILMINGTON, N.C. (September 16, 2026) – Blue Energy has submitted the first part of its construction permit application to the U.S. Nuclear Regulatory Commission (NRC) for the first BWRX-300 small modular reactor planned for its gas-plus-nuclear project at the Port of Victoria, Texas.

The submission represents another important step toward deployment of a fleet of BWRX-300 reactors in the United States. It follows the Tennessee Valley Authority’s construction permit application for a BWRX-300 at the Clinch River site in Tennessee, where the NRC review is approaching a decision.

“Blue Energy’s progress through the NRC process is another important step toward deploying the BWRX-300 in the United States,” said Jason Cooper, CEO, GE Vernova Hitachi Nuclear Energy. “This is what fleet deployment looks like: projects advancing on common technology, licensing work and supply chain capabilities, allowing us to apply lessons from one project to the next. With Blue Energy moving forward and the first U.S. BWRX-300 construction permit approaching a decision at Clinch River, we are seeing the foundations of a BWRX-300 fleet take shape in the United States.”

Blue Energy’s proposed project in Victoria, Texas, is expected to combine GE Vernova 7HA.02 gas turbines with BWRX-300 small modular reactors as part of the company’s gas-plus-nuclear development model. Blue Energy selected the BWRX-300 earlier this year and has been working with GVH to advance engineering and licensing activities for the project.

“This filing is an important step in turning our vision for repeatable, scalable, rapidly-built new nuclear into a real project,” said Jake Jurewicz, CEO and co-founder of Blue Energy. “Our team has moved from technology selection to the NRC construction permitting process in a matter of months, and we are proud of the progress we are making with GE Vernova. We believe combining Blue Energy’s approach to project development and construction with the BWRX-300 can create a faster, more repeatable path to deploying new nuclear power in the United States.”

Blue Energy is pursuing a phased approach to its construction permit application. The company expects to submit the remaining portion of the application in 2027 after they complete the NRC-mandated one calendar year of site-specific data collection.

GVH is supporting Blue Energy with technical information and engineering work related to the BWRX-300. The companies announced a project acceleration agreement in April 2026 to advance deployment of BWRX-300 small modular reactors and GE Vernova gas turbines at the Texas project.

The Blue Energy milestone comes as BWRX-300 deployment continues to advance in North America. Ontario Power Generation is constructing the first BWRX-300 at its Darlington New Nuclear Project in Ontario, Canada, while TVA is progressing licensing and development work for a BWRX-300 at Clinch River in Tennessee.

These projects are establishing the licensing, engineering, manufacturing and supply chain foundation needed to support repeat deployment of the BWRX-300 in the United States and internationally.

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CHEVY CHASE, Maryland and WILMINGTON, North Carolina (August 13, 2026) – Blue Energy, a vertically integrated deployment platform for financeable, prefabricated nuclear power plants and GE Vernova Hitachi Nuclear Energy (GVH), today announced the signing of an agreement that launches the next phase of their collaboration to deploy a 2.5 GW gas-plus-nuclear power plant in Texas. 

This agreement advances engineering design, licensing, and safety analysis of the Victoria, Texas, project that will deploy both GE Vernova 7HA.02 gas turbines and GVH BWRX-300 SMRs, subject to a final investment decision in 2027. The agreement represents a significant step forward for Blue Energy’s strategic pairing of natural gas and nuclear generation to help meet surging U.S. electricity demand driven by artificial intelligence and advanced manufacturing. 

Blue Energy’s integrated approach to prefabrication, transportation, and assembly – the “Blue Way” – builds on the standardized, modular design of the BWRX-300 to support execution certainty by enhancing schedule, costs and project delivery predictability through innovative logistics, off-site fabrication and super modules assembly. 

“This agreement with GE Vernova Hitachi keeps Blue Energy confidently moving forward to build our nuclear energy production line that will unlock the promise of abundant nuclear energy,” said Jake Jurewicz, Blue Energy CEO and co-founder. “We are shifting from the old way of building large reactor nuclear power to instead do it the ‘Blue Way’ that slashes costs and time to power and finally makes nuclear a financeable, repeatable product.”

With its innovative gas-plus-nuclear strategy, Blue Energy will initially power a nearby data center with approximately 1 gigawatt of power using two GE Vernova gas turbines in 2030 and then add another 1.5 gigawatts of power from up to five GE Vernova Hitachi SMRs beginning in 2032. 

“Meeting the surging demand for electricity requires proven, scalable technologies and the ability to bring them together as integrated solutions,” said Eric Gray, CEO, GE Vernova’s Power segment. “Our work with Blue Energy combines GE Vernova’s flagship HA gas turbine technology with GE Vernova Hitachi’s advanced nuclear SMR technology, while supporting Blue Energy’s innovative project model. Together, we are establishing a blueprint for deploying reliable baseload power at the scale and speed customers need.”

The first BWRX-300 is currently under construction at Ontario Power Generation’s Darlington site in Canada, with completion expected by the end of the decade, which will make it the first grid-scale SMR in the Western world. 

For more information, including a video of Jake Jurewicz and Jason Cooper, CEO, GE Vernova Hitachi Nuclear Energy, click here. 

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About GE Vernova Hitachi Nuclear Energy

GE Vernova’s Nuclear energy business, through its global alliance with Hitachi Ltd., is a world-leading provider of nuclear 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. HITACHI is a trademark of Hitachi, Ltd. used under trademark license. GE is a trademark of General Electric Company used under trademark license.

About Blue Energy

Founded in 2023, Blue Energy is a vertically integrated deployment platform for financeable, turnkey nuclear power plants compatible with leading reactor technology. Our proprietary lower cost of capital solution and offsite pre-fabrication accelerates new nuclear deployment – making it predictable, faster and more affordable. We will deliver baseload power competitive with fossil fuels and renewables to meet unprecedented global demand. Blue Energy's world-class team has extensive experience in nuclear construction, licensing, engineering, and development. We stem from MIT's Nuclear Science & Engineering Department and are backed by VXI Capital, Engine Ventures, At One Ventures and Tamarack Global. Visit www.blueenergy.co or follow us on 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.

VERESEGYHÁZ, Hungary – July 27, 2026 — GE Vernova Inc. (NYSE: GEV) is proud to mark the 25th anniversary of its Veresegyház facility this year, celebrating a quarter-century of excellence as the company’s largest Gas Power manufacturing base outside the United States. To honor this milestone, the company is announcing the modernization of the facility including an on-site solar park to bolster energy independence, new lean production lines and a commitment to workforce growth with plans to add more than 80 professionals over the coming years to support its increasing capacity.

The Veresegyház facility serves as a primary manufacturing and service hub for GE Vernova’s global Gas Power operations, specializing in the high-tech production and precision repair of critical gas turbine components. With advanced capabilities in robotic welding and specialized thermal coatings, the site functions as a vital center of excellence for both new equipment manufacturing and essential repair services.

Advancing sustainability through major solar park development. To support the long-term sustainability of these operations, the solar project is being conducted in phases as part of the company's transformation at the Veresegyház site. The first phase was successfully completed with the installation of a 2 MW solar car canopy, covering more than 500 parking spaces. In the current, second phase, a total of 14.5 MW of photovoltaic (PV) panels are being installed, alongside a 40 MWh battery storage system. This phase encompasses more than 21,000 PV panels covering over 15 hectares, with grid connection expected by this autumn.

Once fully operational, this integrated renewable energy system will allow almost 50% of the site’s current total annual electric energy consumption of 33 GWh to be covered by zero-emission, renewable energy. This significantly improves the plant's energy self-sufficiency and aligns with GE Vernova’s broader mission to reduce the carbon footprint of its global manufacturing operations. 

Modernizing operations with new lean production lines. This sustainability milestone coincides with a period of intense growth for the facility as it works to address the global electricity "investment supercycle". To meet surging demand, last year GE Vernova’s $24,5 million investment, supported by a planned significant contribution of the Hungarian Investment Promotion (HIPA), set the foundation for the site's ongoing modernization, which now includes the successful installation of new lean production lines and the commissioning of high-performance precision machinery. Additionally, five advanced coating booths equipped with vacuum furnaces are now operational to bolster repair and manufacturing output.

Strengthening commitment to workforce growth and talent. After successfully onboarding approximately 100 new team members last year, the facility is actively hiring up to 80 additional professionals — including machinists, welders, fitters, and assembly operators - to support this expanded capacity.

"Reaching our 25th anniversary while simultaneously developing our solar park is a powerful testament to our team's dedication," said Viktoria Fodor, GE Vernova’s Veresegyház Plant Manager. "We are not just expanding our capabilities, energy independence and talents; we are building a more sustainable and efficient future. By blending advanced manufacturing technology with renewable energy, we are ensuring that Veresegyház remains a core element of GE Vernova’s global gas power manufacturing operations for decades to come."

GE Vernova maintains a robust operational presence in Hungary, anchored by key strategic locations that support its global energy mission. The company’s footprint is centered around its major Gas Power manufacturing and service facility in Veresegyház, complemented by active operations in Százhalombatta. These industrial efforts are supported by a central office in Budapest, which serves as a hub for the Power, Electrification, and Wind businesses. This regional network is further strengthened by a significant organizational infrastructure, housing essential corporate functions including Finance, HR, and Digital Technology, alongside specialized teams dedicated to Global Services and Global Supply Chain operations.

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Notes to editors
Financial editors: The mentioned investment is part of a larger $11 billion cumulative global capex and R&D investment plan from 2025 through 2028. 

TOKYO (March 14, 2026) – GE Vernova (NYSE: GEV) and Hitachi, Ltd. (TSE: 6501, “Hitachi”) have entered into a Memorandum of Understanding (MoU) to explore opportunities to deploy the BWRX-300 small modular reactor in Southeast Asia. The agreement was signed during the Indo-Pacific Energy Security Ministerial & Business Forum in Tokyo in the presence of U.S. Secretary of the Interior Doug Burgum and Japan’s Ministry of Economy, Trade and Industry (METI) Minister Ryosei Akazawa.

The two companies agree to collaborate through the GE Vernova Hitachi Nuclear Energy and Hitachi GE Vernova Nuclear Energy joint ventures to identify commercial opportunities for the BWRX-300 in Southeast Asia. The collaboration will also explore opportunities to incorporate qualified Japanese suppliers and strengthen the SMR supply chain supporting future BWRX-300 deployment in the region.

“As more nations look to nuclear power to meet their energy security needs, GE Vernova and Hitachi look forward to continuing our long history of collaboration in support of the global nuclear industry,” said Roger Martella, Chief Corporate Officer, GE Vernova. “Our SMR technology can be a powerful tool for countries across Southeast Asia for generations to come.”

“Hitachi has continued to bring long-standing experience in nuclear technology, through our partnership with GE Vernova, and we are excited to do even more by exploring the deployment of the BWRX-300 in Southeast Asia,” said Yasunori Inada, Vice President and Executive Officer, CEO of Nuclear Energy Business Unit, Hitachi. “We aim to contribute to a sustainable energy future in the region by leveraging the capabilities of Hitachi and GE Vernova.”

Momentum around the BWRX-300 continues to build globally. The first BWRX-300 is under construction at Ontario Power Generation’s Darlington site in Canada, with completion expected by the end of the decade, which will make it the first small modular reactor in the Western world. Key components like the reactor pressure vessel are being manufactured, and site construction is progressing according to plan. A total of four SMRs 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. These developments, and others, underscore the momentum of the BWRX-300 as GE Vernova and Hitachi build on more than half a century of experience in the nuclear industry, combining their proven technologies and deep expertise to scale and deploy SMRs commercially to customers around the globe.

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 85,000 employees across approximately 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.

About Hitachi

Through its Social Innovation Business (SIB) that brings together IT, OT (Operational Technology) and products, Hitachi contributes to a harmonized society where the environment, wellbeing, and economic growth are in balance. Hitachi operates globally in four sectors – Digital Systems & Services, Energy, Mobility, and Connective Industries – and the Strategic SIB Business Unit for new growth businesses. With Lumada at its core, Hitachi generates value from integrating data, technology and domain knowledge to solve customer and social challenges. Revenues for FY2024 (ended March 31, 2025) totaled 9,783.3 billion yen, with 618 consolidated subsidiaries and approximately 280,000 employees worldwide. Visit us at www.hitachi.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 often address GE Vernova’s and Hitachi’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.

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SCHENECTADY, NY (February 5, 2026) – GE Vernova’s Onshore Wind business announced today that it received orders in 2025 to repower 1.1 gigawatts (GW) of onshore wind turbines in the U.S. The projects will use nacelles and drive trains manufactured in the U.S. at GE Vernova’s Pensacola, Florida facility, where approximately 20 percent of the workers are veterans, supporting U.S. energy abundance, affordability, and security.

Uzair Memon, Chief Commercial Officer for GE Vernova’s Onshore Wind Services business, said, “These significant repower orders underscore the critical role our advanced technology plays in optimizing existing wind assets. By deploying our state-of-the-art repower solutions, we enable our customers to achieve increased energy production, significantly enhance asset reliability, reduce operational and maintenance costs, and extend the overall lifespan of their wind farms. This directly aligns with our commitment to making existing renewable infrastructure more productive and sustainable for the long term, while also bolstering U.S. manufacturing and job creation.”

All orders were booked in 2025. These repower projects are expected to reach their commercial operation date between 2026 and 2027. The technical benefits of repowering are clear: Repowering increases the size, output, and longevity of existing turbines to capture more reliable renewable energy for a longer period.

David Hardy, GE Vernova’s Chief Commercial Officer for Wind, added, “A repower project enables us to rejuvenate a wind farm to increase annual energy production, extend life, and improve project availability. These projects are rooted in deep, long-term customer partnerships, where we work closely together to provide solutions that maximize performance and long-term value.”

GE Vernova's Onshore Wind business has a total installed base of approximately 59,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers the next-generation high-powered turbines at scale that drive decarbonization through high-quality, more affordable, and sustainable renewable energy.

MINNEAPOLIS (Feb. 3, 2026) — Xcel Energy (NASDAQ: XEL) and GE Vernova, (NYSE: GEV) today announced the signing of a landmark Strategic Alliance Agreement (SAA) aimed at strengthening their long-standing collaboration and advancing a shared vision for a reliable, affordable, and sustainable energy future.

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WILMINGTON, North Carolina (December 2, 2025) – The U.S. Department of Energy (DOE) has announced a $400 million grant to the Tennessee Valley Authority (TVA) to continue to accelerate deployment of GE Vernova Hitachi Nuclear Energy’s BWRX-300 small modular reactor (SMR). With commercial operation of the first BWRX-300 at the utility’s Clinch River Site targeted for the early 2030s, it would become the nation’s first commercial SMR.

“The BWRX-300 is the only commercial SMR technology being built right now in the Western world, and this grant will accelerate its deployment in the U.S.,” said Scott Strazik, CEO, GE Vernova. “We would like to recognize the DOE for its leadership in support of the nuclear industry and for championing public-private partnerships to advance the next generation of nuclear technology and bolster the nation’s energy security.”

TVA led a coalition of utility and industry partners, including GE Vernova Hitachi, in applying for funding through DOE’s Generation III+ SMR program. The coalition of partners involved in the funding application reflects the industry’s confidence in the BWRX-300 and the role its accelerated deployment through this grant will play in further strengthening the U.S. nuclear supply chain.

In May of this year TVA submitted a construction permit application to the U.S. Nuclear Regulatory Commission (NRC) to build the first BWRX-300 in the U.S. at the Clinch River site in Oak Ridge, Tennessee. The NRC is currently reviewing the application.