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.

NISKAYUNA, NY (November 17, 2025) – GE Vernova (NYSE: GEV) hosted an exclusive sneak peek of its Advanced Research Center located on Balltown Rd. in Niskayuna, NY, on November 17th, 2025.

This special event offered an opportunity for attendees to experience facilities that will house advanced research and technology intended to support the future of energy. Set for a grand opening in 2026, attendees of the sneak peek were among the first outside GE Vernova to tour these exciting facilities and witness demos of some of the promising research technologies that will be housed there.

Accelerated with an investment of more than $105 million from GE Vernova and the State of New York, the GE Vernova Advanced Research Center is a key part of GE Vernova's innovation strategy, and the expansion of these facilities is an important milestone in the company's plan to create a dedicated energy technology research campus. This expanded footprint will enable the creation of new, high-tech laboratory spaces and create 75 new research positions in New York.

The construction and expansion of this center will further enable GE Vernova to bring leading talent and organizations to the Capital Region of New York State to collaborate on energy technologies with the potential for broad impact. The GE Vernova Advanced Research Center is focused on developing transformative technologies across the energy landscape, and showcased three distinct research and development technologies during this event which will be embedded at the site:

• Carbon capture technology: An experimental Direct Air Capture (DAC) system already installed in Niskayuna designed to capture up to 10 tons of carbon dioxide from the air every year.
• Wind turbine manufacturing technology for quality: Advanced robotics and artificial intelligence technologies improve the manufacturing process for wind turbine blades.
• AI for the Grid: Zonal autonomous grid control, an AI-powered technology that enables timely optimization and control of the power grid to support efficient, resilient, and renewable energy integration by autonomously managing energy distribution and improving grid forecasting.

The company's Advanced Research Center is a hub for innovation, where leaders from industry, government, and academia come together to develop and deploy new technologies designed to shape the future of energy. The Advanced Research Center also collaborates with, invests in, and develops new startups and spin-out companies through its diverse technology portfolio. With these expanded and enhanced laboratories and meeting spaces, GE Vernova is positioned to host leaders and innovators from around the world, placing it at the center of a global network of innovation and collaboration in the Capital Region.

"We are thrilled to be expanding our Advanced Research Center in Niskayuna, and we believe that this investment will have a significant impact on the local economy and the global energy landscape," said David Vernooy, Vice President of Advanced Research at GE Vernova. "By bringing together the best and brightest minds from around the world, we are creating a unique innovation ecosystem that will drive the development of new technologies and solutions that can change the world. With these world-class laboratory and workspaces, we’re positioned to attract strong talent and drive energy technology innovation."

The newly expanded and renovated space spans approximately 50,000 square feet of lab and workspace, along with approximately 56,000 square feet of experiential patio space for outdoor work and social activity, providing a unique and collaborative environment for researchers and industry partners to engage on the future of energy technology. This dynamic environment makes it an ideal destination for professionals looking to work on important technologies and make an impact on the future of energy.

Advanced Research teams plan to fully occupy and utilize the space by April of 2026, with a planned Grand Opening ceremony in summer of 2026.

GREENVILLE, SC (November 15, 2025) – GE Vernova is proud to announce its multi-year agreement as the official naming rights sponsor for the new home of the Greenville Triumph and Greenville Liberty soccer teams at BridgeWay Station in Mauldin, South Carolina. This landmark sponsorship underscores GE Vernova’s commitment to supporting the vibrant communities where its employees live and work. The agreement between Greenville Pro Soccer and GE Vernova was brokered by leading global sports, music and entertainment company Wasserman.

The newly named GE Vernova Park will serve as a premier destination for soccer enthusiasts and families, further energizing the local sports landscape and creating new opportunities for engagement and connection throughout the region.

"At GE Vernova, we believe in investing in the cities and communities that our employees call home,” said Scott Strazik, CEO of GE Vernova. “By supporting the Greenville Triumph and Greenville Liberty, we are strengthening our ties to the region, fostering local pride, and helping to create memorable experiences for our neighbors and families. Our commitment to the Upstate South Carolina area, including hiring over 500 people this year and even more planned for 2026, reflects our dedication to building a brighter future, both on and off the field."

GE Vernova Park at Bridgeway Station is set to become a hub of excitement and community spirit, hosting matches, events, and activities that will bring people together for years to come.

Construction is underway, and GE Vernova Park will host its first soccer matches in 2026. The stadium will seat 4,300 and have a total capacity of 6,300. In addition to hosting men’s and women’s soccer, the venue will serve as a stage for youth sports, concerts, festivals, and community events.

"We are thrilled to welcome GE Vernova as our naming rights sponsor,” said Wallace Cheves, chairman of Greenville Pro Soccer, the team ownership group. “Their leadership and investment in our community will help us elevate the fan experience and grow the sport of soccer across the Upstate. This relationship is a testament to the shared values of innovation, teamwork, and community that define both our organizations and the people we serve."

The project is a public-private partnership with the City of Mauldin, State of South Carolina, Greenville Pro Soccer and Hughes Investments. Earlier this year, GE Vernova also announced the addition of 650 jobs and $160 million into the Greenville facility.

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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 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 the Greenville Triumph and Greenville Liberty
The Greenville Triumph Soccer Club, based in Greenville, South Carolina, fields a men's professional soccer club playing its sixth season in USL League One, the third division of American professional soccer. The club is a three-time finalist and 2020 USL League One Champion. The Greenville Liberty, a women’s pre-professional team, played its inaugural season in the USL W League in 2022.

About Bridgeway Station / Hughes Investments
Hughes Investments, Inc. was founded in 1991 by Phil Hughes to create places of lasting value for quality tenants. For more than 30 years, the company has played a key role in Greenville’s growth, contributing to the successful development of downtown and beyond. The company is led by Chief Operating Officer Theresa Rowe, Vice President Ryan Peiffer, and Vice President Rivers Hughes. Hughes Investments develops office, retail, industrial, multifamily, medical, and mixed-use properties, specializing in high-quality design, development, leasing, and property management. For more information, please visit www.hughesinvestments.com or call 864-242-2100.

About the the City of Mauldin
Mauldin is a vibrant city in Upstate South Carolina that offers exceptional quality of life, diverse cultural experiences and family-friendly fun — all conveniently located just minutes from downtown Greenville. First established on 100 acres in 1784 and chartered in 1890, Mauldin has grown into a thriving community of more than 29,000 that is consistently ranked among the safest and most affordable cities in the state. For more information, visit cityofmauldin.org.

About Wasserman
Wasserman is a leading global sports, music and entertainment company that provides representation and marketing services to talent, brands and properties. Headquartered in Los Angeles, Wasserman's presence spans 28 countries and more than 70 cities. For more information, please visit www.teamwass.com.

WILMINGTON, North Carolina (August 13, 2025) – High burnup fuel rods, manufactured by Global Nuclear Fuel (GNF, a GE Vernova-led joint venture with Hitachi, Ltd.) have been delivered to the U.S. Department of Energy’s (DOE) Pacific Northwest National Laboratory (PNNL) for examination after commercial operation.

The shipment contained rods from GNF2 assemblies that were initially loaded into a U.S. nuclear power plant for two cycles of operation. In close coordination with the plant operator, the assemblies were redesignated as high burnup lead use assemblies through GNF’s U.S. Nuclear Regulatory Commission (NRC) approved licensing process and then reloaded for an additional cycle to achieve operation in the reactor beyond current NRC licensing limits. PNNL is analyzing the rods to determine the impact of the additional cycles on the fuel and cladding performance.   

“The examination of these rods is the next step in our continuous drive to develop higher efficiency fuels that are safer and more reliable,” said Craig Ranson, Installed Base CEO, GE Vernova Hitachi Nuclear Energy. “We are proud to be part of this collaboration with the U.S. Department of Energy, PNNL and our utility partners to benefit the entire industry.”

“This is a significant milestone for our Accident Tolerant Fuel program,” said Frank Goldner, the Accident Tolerant Fuel federal program manager in the Office of Nuclear Energy. “The development of this fuel could further support the Trump Administration’s executive order to facilitate five gigawatts of power uprates at existing power plants by 2030 and high burnup fuels could be a big part of that.”

“This delivery represents a rare and valuable opportunity,” said Mark Nutt, director of PNNL’s nuclear energy market sector. “We look forward to realizing the full scientific potential of this material—that’s an area where PNNL is especially capable, given our multidisciplinary strengths. The resulting research could help achieve several important goals in service to the nation and go a long way toward providing abundant and reliable energy to the grid allowing for US energy dominance.”

The fuel rods were manufactured at GNF’s Wilmington, NC facility. Evaluation of the rods will help provide GNF and DOE with valuable information about high burnup fuel, a key goal of DOE’s Accident Tolerant Fuel (ATF) program.

High burnup fuel is expected to improve fuel cycle economics and further support power uprates for commercial nuclear power plants by enabling fuel to remain in the reactor core for longer periods of time while also operating at higher efficiency.

It is anticipated that the need for fewer bundles over time will enhance nuclear safety and reduce the spent fuel generated for long-term storage. The post-irradiation fuel rod examinations to be performed by PNNL support GNF’s development, engineering and licensing efforts to ensure the continued safe and reliable performance of fuel under expanded operating conditions.

The fuel shipped to PNNL is the same design that will be used in the initial core designs of the GVH BWRX-300 small modular reactor. The data obtained through this program will be used to support future potential economic improvements in BWRX-300 fuel cycle designs, including extending fuel cycle lengths to 36 to 48 months. 

Over next two years company creating approximately 700 new jobs across multiple factories

and investing up to $100 million in Pennsylvania

Cambridge, MA (July 15, 2025) – As energy demand continues to surge, GE Vernova (NYSE: GEV) plans to add 250 new jobs over the next two years at the company’s leading grid solutions factory in Charleroi, PA.

The new roles will help manufacture more high voltage switchgear products, which are critical components for stable and reliable operation of the nation’s electrical grids.

GE Vernova now plans to invest up to $100 million in Pennsylvania over the next two years, adding approximately 700 new jobs across multiple factories in the state that will help modernize the grid for economic growth, strengthen domestic supply chains, and boost national security.

This new Charleroi factory expansion builds on the company’s $600 million multi-year investment announced in January, originally expected to create a total of 1,500 new jobs across numerous U.S. factories.

“Powering the grid is at the core of powering America’s economy,” said Scott Strazik, CEO of GE Vernova. “These new jobs and investment reflect our ongoing commitment to not only building critical grid infrastructure with American workers, but reindustrializing Pennsylvania’s proud manufacturing legacy. They will also help strengthen our domestic supply chain, improve national security, and boost global competitiveness by closing a crucial gap.”

“We are investing in Charleroi and our advanced grid technology because it complements the investments we've made in power generation,” Strazik continued. “For the US to lead in energy, manufacturing critical domestic grid infrastructure is just as important generation.”

In addition to the new investment in its Charleroi facility, GE Vernova also announced it has secured a full order to provide seven of its high efficiency 7HA.02 natural gas turbines to the Homer City Energy Campus. The facility, once the largest coal plant in Pennsylvania, will provide up to 4.4GW of electricity to power what will become a more than 3,200-acre natural gas-powered data center campus, designed to meet the growing artificial intelligence (AI) and high-performance computing (HPC) needs of the innovative technology companies shaping America’s digital future. The Homer City Energy Campus is expected to be completed in 2027. ***

“The Homer City project shows what smart energy investments can achieve — delivering more reliable, affordable power for all, creating thousands of skilled jobs, and positioning Pennsylvania to help lead the next era of AI,” Strazik added.

The approximately $100 million of new investments in Pennsylvania over the next two years are part of a larger $9 billion cumulative global capex and R&D investment plan through 2028 that was announced at the company’s Investor Update in December 2024.

Currently GE Vernova’s technology helps produce more than half of the power in the United States, and the company has more than 18,000 workers across 50 states and 18 U.S. manufacturing facilities. 

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***For financial editors: the seven 7HA.02 gas turbines were announced as slot reservation agreements on April 2, 2025. These units have since moved to a secured order in 3Q25.

GREENVILLE, South Carolina (May 22, 2025) – Last week, GE Vernova and Clemson University celebrated the graduation of 33 students from Next Engineers, a global college-and career-readiness program creating opportunities for young people to become engineers. This is the second graduating class of Next Engineers: Engineering Academy students in Greenville, South Carolina.

Thirty-three students from the program’s second Academy cohort celebrated their graduation alongside family, friends, GE Vernova, and Next Engineers leaders at Clemson University’s Conference Center & Inn. Clemson University is the educational partner for the local Next Engineers program, which was established in 2021.

John Intile, Vice President, Engineering GE Vernova, told the graduates that they are critical to driving transformation and shaping a better, brighter, more sustainable future for all.

“You are the embodiment of the energy of change. Your education--and this program--has equipped you with the skills, knowledge, and resilience required to make a meaningful impact in whatever path you choose. As you prepare to enter this next chapter, know that your GE Vernova family will be with you sharing their resilient optimism in you and the future you will create. We believe wholeheartedly that each one of you has the energy to change the world.”

Students who complete the Engineering Academy program and enroll in a qualified engineering or engineering-related degree program receive scholarships to support their education toward becoming engineers. To date, the Next Engineers program in Greenville has reached nearly 5,400 students and awarded over $900,000 in scholarships to qualifying graduates.

Serita Acker, the executive director of Clemson’s PEER & WISE, said that the skills and knowledge students have received have laid a solid foundation and she is proud to witness this second cohort pursue engineering degrees at institutions across the country.

“Now in our fourth year, Next Engineers continues to transform lives by investing in the future of STEM and empowering the next generation of diverse innovators. I am especially grateful for the Clemson University faculty, staff, students, and graduate students for their continued engagement, as well as for the partnership and support from Upstate high schools who help make this initiative possible.”

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. The program is supported by Clemson who equips participants with the skills needed to build an engineering identity and pursue successful careers in engineering fields. GE Vernova engineers and employees from Greenville, S.C., actively engage with the program through skill-based volunteering, donating over 1,200 hours last year.

Next Engineers is not the only way the community has committed to producing the next generation of STEM talent. The GE John Lammas Annual Scholarship, funded by GE Vernova in Greenville, provides $8,000 scholarships to undergraduate students majoring in general engineering, chemical engineering, computer engineering, computer information systems, electrical engineering, industrial engineering, mechanical engineering and materials science and engineering.

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

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

About Clemson University
One of the most productive public research universities in the nation, Clemson University attracts and powerfully unites students and faculty whose greatest desire is to make a difference in the lives of others. Ranked among the best national public universities by U.S. News & World Report, Clemson is dedicated to teaching, research, and service. Our main campus, located in Upstate South Carolina, sits on 1,400 acres in the foothills of the Blue Ridge Mountains, along the shores of Lake Hartwell. We have a presence in every South Carolina county through research facilities, economic development hubs and Innovation Campuses. Through the research, outreach and entrepreneurial projects led by our faculty and students, Clemson University is driving economic development and improving quality of life in South Carolina and beyond.

KNOXVILLE, Tenn. (May 20, 2025) – Tennessee Valley Authority (TVA) has submitted an application to the U.S. Nuclear Regulatory Commission to construct a GE Vernova Hitachi Nuclear Energy (GVH) BWRX-300 small modular reactor (SMR) at the Clinch River site in Oak Ridge, Tennessee. It is the first construction permit application for a BWRX-300 in the U.S.

“TVA’s investment in the standard design of the BWRX-300 technology will accelerate its deployment, helping meet the rising demand for energy and enhancing energy security,” said Craig Ranson, President & CEO, GVH. “This milestone, in addition to this month’s decision by the Province of Ontario to build the western world’s first SMR, demonstrates that this technology is advanced and real.”

TVA has invested in the standard design of the BWRX-300 as part of a technical collaboration agreement with Ontario Power Generation (OPG), Synthos Green Energy and GVH. TVA is also leading a coalition of utility companies and supply chain partners that has applied for an $800 million U.S. Department of Energy grant to accelerate construction of the nation’s first SMR.

Momentum continues to build around the global deployment of the BWRX-300. Earlier this month, the Province of Ontario and OPG announced approval to proceed with construction of the first BWRX-300 at OPG’s Darlington site near Toronto. A total of four BWRX-300s are planned for the site with construction of the first unit to be complete by the end of the decade.

In January, it was announced that Duke Energy has entered into an agreement to invest in activities to advance the standard design and licensing of the BWRX-300 SMR and that American Electric Power (AEP) has selected the BWRX-300 for potential deployment at the Indiana Michigan Power Rockport Plant in Spencer County, Indiana, pending approval of the DOE funding request that TVA is leading.

The BWRX-300 SMR represents a cutting-edge technology designed to deliver reliable and carbon-free power with enhanced safety and efficiency. Each BWRX-300 will provide approximately 300 MW of electricity, enough to produce the equivalent electricity needed to power 300,000 homes while significantly reducing the complexity and cost associated with traditional nuclear reactors.

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About GE Vernova Hitachi Nuclear Energy
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. HITACHI is a trademark of Hitachi, Ltd. used under trademark license. | GE is a trademark of General Electric Company used under trademark license.

CHARLOTTE, N.C. and CAMBRIDGE, MASS. (April 24,2025) – Duke Energy (NYSE: DUK) and GE Vernova (NYSE: GEV) announce a significant partnership for natural gas turbines and other associated equipment to meet the growing needs of advanced manufacturing, data centers and population growth.

The arrangement between the companies includes a plan to advance specific projects for up to 11, 7HA gas turbines consistent with Duke Energy’s integrated resource plans. This will help the company meet its business strategy to provide reliable energy and keep customer costs as low as possible, as well as meeting even the most robust growth scenarios in the future. This is in addition to the eight recently secured 7HA gas turbines.

“As we continue to experience unprecedented growth in our service territories, securing the necessary materials to build critical infrastructure and meet the energy demand is integral to delivering value for our customers and other stakeholders,” said Duke Energy President and CEO Harry Sideris. “We value our collaboration with forward-thinking partners who assist us in advancing our energy modernization strategy.”

The agreement is made possible because of the previously announced expansion of GE Vernova’s Greenville, S.C. facility to accommodate historic demand for gas turbines from new and existing customers. The expansion, which is part of a nearly $600 million investment in U.S. manufacturing over the next two years includes a nearly $300 million investment in its Gas Power business in the U.S. These investments will replace legacy manufacturing processes with lean manufacturing lines, supporting increases in supplier capacity, creating more than 1,500 new jobs in the country and other enhancements.

“This arrangement with Duke Energy and the significant expansion of our U.S. manufacturing facilities illustrate our ability and commitment to developing innovative solutions that our customers require to meet today and tomorrow’s energy demands,” said Scott Strazik, CEO, GE Vernova. “We are proud to be able to supply these Greenville, SC manufactured gas turbines to a leading U.S. energy company and service to its consumers,”

Locating these new assets at Duke Energy facilities enables them to utilize existing infrastructure, including transmission capabilities, significantly reducing cost and speeding time to market.

Duke Energy 
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

CAMBRIDGE, Mass. (April 22, 2025) – As the world celebrates Earth Day, the GE Vernova Foundation today announced a new grant program focused on green spaces, an expansion of its commitments to growing stronger, more resilient communities and creating long-lasting environmental benefits through innovation and partnership. The announcement was made from the New York Stock Exchange where foundation and company leaders from across GE Vernova were honored to ring the Opening Bell ® in recognition of Earth Day.

To kick off the initiative, the Foundation committed a $500,000, two-year grant to the Trust for Public Land (TPL) - $250,000 of which will be allocated to helping bring green spaces to underrepresented communities in the Boston area. This grant will support TPL’s Parks for People program and will aim to revitalize public spaces in Dorchester, Roslindale, and Mattapan, providing nearly 40,000 Boston residents access to a green space within a 10-minute walk. GE Vernova opened its headquarters in Cambridge in 2023.

“These new parks and schoolyards will help foster stronger, healthier communities and provide local students and residents with much-needed green spaces,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “At GE Vernova, we are powered by the energy of change, and this initiative reflects our ongoing commitment to sustainability, innovation, and community resilience, helping to create a brighter future for all.”

“Investing in vibrant, welcoming green spaces isn’t just about parks - it’s about building healthier, stronger neighborhoods for generations to come,” said Jodi Valenta, Massachusetts Program Director for Trust for Public Land. “With support from the GE Vernova Foundation, we’re transforming park access in Boston, bringing nearly 40,000 people outdoor access close to home. Projects like the Edgewater Trail and Archdale Community Greenspace will create new opportunities for communities to connect with nature, stay active, and enjoy the benefits of the outdoors.”

The park projects are “shovel-ready” and set to be initiated and completed within the next 12 to 24 months. All projects are based on a participatory design process, resulting in hundreds of residents exploring environmental and sustainability concepts, landscape, and outdoor design, creating entire communities of conservationists. The projects will incorporate infrastructure such as catch and release stormwater systems to reduce flooding, tree canopies and rain gardens showcasing native plants.

As the Foundation continues to grow, our goal is to continue putting the company’s purpose - The Energy to Change the World - into practice by expanding this program’s reach to the global communities where our employees live and work.

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About GE Vernova Foundation
The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Following the spinoff of GE Vernova as an independent company in April 2024 and building on the 100+ year legacy of the GE Foundation, the GE Vernova Foundation resources are channeled into initiatives focused on championing the global workforce needed for the energy transition as well as building stronger and more resilient communities. Learn more at www.gevernova.com/about/philanthropy.

About Trust for Public Land
Trust for Public Land (TPL) is a national nonprofit that works to connect everyone to the benefits and joys of the outdoors. As a leader in equitable access to the outdoors, TPL works with communities to create parks and protect public land where they are needed most. Since 1972, TPL has protected more than 4 million acres of public land, created more than 5,504 parks, trails, schoolyards, and iconic outdoor places, raised $110 billion in public funding for parks and public lands, and connected nearly 9.7 million people to the outdoors. To learn more, visit tpl.org.

ATLANTA, GA. (April 22, 2025) – As the world celebrates Earth Day, the GE Vernova Foundation today announced a new grant program focused on green spaces, an expansion of its commitments to growing stronger, more resilient communities and creating long-lasting environmental benefits through innovation and partnership. The announcement was made from the New York Stock Exchange where foundation and company leaders from across GE Vernova were honored to ring the Opening Bell ® in recognition of Earth Day.

To kick off the initiative, the Foundation committed a $500,000, two-year grant to the Trust for Public Land (TPL) - $250,000 of which will be allocated to Atlanta, home to one of GE Vernova’s largest U.S. sites. The grant will fund TPL’s Community Schoolyards program, and will support Atlanta Public Schools by transforming 10 schoolyards into new green spaces, providing nearly 35,000 students and residents access to a green space within a 10-minute walk.

“These schoolyards will foster healthier, more vibrant communities, providing students and residents with access to nature,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “At GE Vernova, we are powered by the energy of change, and this initiative reflects our ongoing commitment to sustainability, innovation, and community resilience, helping to create a brighter future for all.”

“In too many communities in and around Atlanta - especially in lower-income neighborhoods and communities of color - access to the outdoors remains out of reach,” said George Dusenbury, Georgia State Director for Trust for Public Land. “With the GE Vernova Foundation’s support, we’re changing that by transforming schoolyards into vibrant, green spaces that serve students and the entire community. These reimagined schoolyards provide nearly 35,000 students and residents with a safe place to play, connect, and enjoy the outdoors - right in their own neighborhoods.”

The schoolyard projects are “shovel-ready” and set to be initiated and completed within the next 12 to 24 months. All projects are based on a participatory design process, resulting in hundreds of students exploring environmental and sustainability concepts, landscape, and outdoor design, creating the next generation of conservationists. The projects will incorporate infrastructure such as catch and release stormwater systems to reduce flooding, tree canopies and rain gardens showcasing native plants.

In addition to funding, the Foundation will host a volunteer event at Fickett Elementary School in Atlanta to prepare the schoolyard and engage employees in environmental stewardship. As the Foundation continues to grow, our goal is to continue putting the company’s purpose - The Energy to Change the World - into practice by expanding this program’s reach to the global communities where our employees live and work.

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About GE Vernova Foundation
The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Following the spinoff of GE Vernova as an independent company in April 2024 and building on the 100+ year legacy of the GE Foundation, the GE Vernova Foundation resources are channeled into initiatives focused on championing the global workforce needed for the energy transition as well as building stronger and more resilient communities. Learn more at www.gevernova.com/about/philanthropy.

About Trust for Public Land
Trust for Public Land (TPL) is a national nonprofit that works to connect everyone to the benefits and joys of the outdoors. As a leader in equitable access to the outdoors, TPL works with communities to create parks and protect public land where they are needed most. Since 1972, TPL has protected more than 4 million acres of public land, created more than 5,504 parks, trails, schoolyards, and iconic outdoor places, raised $110 billion in public funding for parks and public lands, and connected nearly 9.7 million people to the outdoors. To learn more, visit tpl.org.