SCHENECTADY, NY (March 18, 2025) - GE Vernova Inc. (NYSE: GEV) announced today that it has entered into an agreement with RWE to provide 109 of its 2.8 MW–127m* onshore wind turbines to power the Honey Mesquite wind farm in Glasscock County, Texas and repower the Forest Creek Wind Farm near Big Spring, Texas. The Forest Creek deal was booked in the second quarter of 2024, and the Honey Mesquite order was booked in the third quarter of 2024. Deliveries of the wind turbines for both projects are scheduled to begin later this year.

The projects will bring RWE’s rebuilt and repowered wind capacity across the U.S. to more than 1 gigawatt (GW). RWE estimates the wind farms will support about hundreds of full-time jobs during peak construction and will generate enough electricity to power the equivalent of more than 85,000 homes and business annually in Texas. The projects also supports several hundred long-term, advanced manufacturing jobs at GE Vernova’s Pensacola facility that will supply equipment used at the wind farms.

GE Vernova is leveraging its robust domestic supply chain and manufacturing capabilities for this project, with the nacelles for the turbines being produced at GE Vernova's facility in Pensacola, Florida. This manufacturing facility supports U.S. energy abundance, affordability, and security, and employs a workforce comprising approximately 20 percent veterans, highlighting GE Vernova's dedication to both fostering local job creation and honoring those who have served the United States.

Scott Stalica, Executive Director, North American Commercial Operations, GE Vernova’s Onshore Wind business, said: “We are pleased to have an opportunity to support a leader in the wind industry and appreciate RWE’s confidence in our business, our technology, and our people. These projects are another example of how wind power can support the country’s growing energy needs, while creating U.S. jobs and bolster energy security.”

Kevin Kroll, Chief Operating Officer, RWE Clean Energy: “RWE's investments in West Texas symbolize our steadfast commitment to producing homegrown energy and strengthening U.S. manufacturing and supply chains through our partnerships with great American companies like GE Vernova. Together, we are contributing to American energy dominance and we are fostering continued economic opportunity and job creation in rural communities across the country.”

GE Vernova's Onshore Wind has a total installed base of approximately 56,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers next-generation high-powered turbines at scale that drives decarbonization through high-quality, affordable, and sustainable renewable energy.

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*Note to Editors: GE’s 2.8 MW turbine with a 127 meter rotor is what we refer to as the 2.8 MW-127m.

NISKAYUNA, NY (March 12, 2025) – GE Vernova Inc. (NYSE: GEV) in collaboration with Energy System Group (ESG), Sage Geosystems (Sage), The Energy & Geoscience Institute at The University of Utah (EGI), announced that they were selected by U.S. Air Force and the Department of Defense’s Chief Digital and Artificial Intelligence Office (CDAO) to explore how to tap into America’s abundant geothermal energy supply to increase our national security.

This team, which has achieved "Awardable" status, is led by ESG. With over 30 years of experience working on military bases to provide power security and advanced mission readiness, Energy Systems Group will take the lead in designing power plants at Department of Defense (DoD) installations and developing a robust business model for each project. The team is strengthened by GE Vernova’s contributions from its Advanced Research, Power Conversion & Storage, and Grid Solutions businesses, which bring cutting-edge power conversion and microgrid technology, as well as battery energy storage systems integration (BESS).

The team is also supported by the Energy & Geoscience Institute at The University of Utah (EGI), which brings over 30 years of experience in geothermal resource exploration and characterization. Additionally, Sage will contribute its patented, proven pressure geothermal system, which operates like a multi-cylinder engine, utilizing two wells in an injection and production pattern to maximize efficiency and sustainability.

With this expertise, the team is now poised to explore the development of utility-scale geothermal power plants in the United States and abroad, with the goal of supplying U.S. military bases with reliable and cost-effective electricity, even during grid outages. This team was selected through the CDAO’s innovative solicitation process known as the Tradewinds Solutions Marketplace, which is designed to accelerate the procurement and adoption of mission critical technologies, such as Artificial Intelligence, Machine Learning, and resilient energy technologies.

“The U.S. Air Force leveraged the Tradewinds solicitation process to quickly collaborate with innovative American companies to build resilient, next-generation geothermal technologies at our bases, using private capital instead of taxpayer dollars,” said Mr. Kirk Phillips, Director, Air Force Office of Energy Assurance.”

GE Vernova's video, “GEO2X,” or “Advanced Geothermal Energy-to-Everything,” accessible only by government customers on the Tradewinds Solutions Marketplace, presents a solution that could provide 5-megawatt energy resilience 24-7 at about 50 DoD sites along the western Gulf of America and to the west of 101 degrees longitude. The solution includes geothermal assessment expertise (EGI and Sage), drilling (Sage), power conversion, delivery, microgrid design and control (GE Vernova), hydrogen generation and storage (GE Vernova), and power generation and project development (Energy System Group).

“We are excited to play a role in helping unleash American’s energy dominance with secure, plentiful, geothermal energy,” Steve Smith, Energy Systems Group’s V.P. of Federal Business, “We are honored to lead this innovative team that brings a wide range of technology and experience to help the DoD safeguard mission-critical operations.”

This team was recognized among a competitive field of applicants to the Tradewinds Solutions Marketplace whose solutions demonstrated innovation, scalability, and potential impact on DoD missions. Government customers interested in viewing the video solution can create a Tradewinds Solutions Marketplace account at tradewindAI.com.

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Photo information
LINCOLN, NEBRASKA, UNITED STATES | 03.01.2025
Photo by Staff Sgt. Alexander Schriner  | 155th Air Refueling Wing, Nebraska Air National Guard
Image use courtesy of Defense Visual Information Distribution Service

"The appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement."

Source: Pages 46-47 of DoD Instruction 5410.19 Volume 1, “Community Outreach Activities: Policy Overview and Evaluation”, September 29, 2021.

About Energy Systems Group
Energy Systems Group (ESG) is a leading provider of performance-driven energy and infrastructure solutions nationwide. We design, build, and guarantee solutions that improve the reliability, efficiency, and lifespan of critical facilities in the education, government, healthcare, commercial, and industrial sectors. With a commitment to delivering reliable and proven solutions, Energy Systems Group takes a comprehensive approach to facility transformation. Visit energysystemsgroup.com to learn more.

About Sage Geosystems
Sage Geosystems is a leader in the next-generation geothermal industry, pioneering the use of Pressure Geothermal. Pressure Geothermal leverages both the heat and the pressure of the earth to enable three applications: energy storage, power generation and district heating. Sage is enabling geothermal to be deployable globally. For more information, visit www.sagegeosystems.com

About The Energy & Geoscience Institute at The University of Utah
The Energy & Geoscience Institute (EGI) is a multidisciplinary energy institute at the University of Utah. Over its 50-plus year existence, EGI has performed groundbreaking petroleum and geothermal exploration research around the world and has worked on innovative geothermal technologies. EGI manages FORGE (Frontier Observatory for Research in Geothermal Energy), a U.S. Department of Energy flagship project.

About the Tradewinds Solutions Marketplace
The Tradewinds Solutions Marketplace is a digital repository of post-competition, readily awardable pitch videos that address the Department of Defense’s (DoD) most significant challenges in the Artificial Intelligence/Machine Learning (AI/ML), data, and analytics space. All awardable solutions have been assessed through complex scoring rubrics and competitive procedures and are available to Government customers with a Marketplace account. Government customers can create an account at www.tradewindai.com. Tradewinds is housed in the DoD’s Chief Digital Artificial Intelligence Office. For more information or media requests, contact: Success@tradewindai.com

About the Air Force Office of Energy Assurance
The Air Force Office of Energy Assurance (AF OEA), a directorate of the Air Force Civil Engineer Center (AFCEC), develops energy solutions that close energy resilience gaps and strengthen our nation's Air Force and Space Force installations at home and abroad. By leveraging the expertise of the energy community, AF OEA builds tailored energy solutions for each installation that are resilient, innovative, and cost-effective. For more information visit: https://www.afcec.af.mil/energy 

A decade ago, disruptive change came to power grids. Aging coal plants in Europe and the U.S., some in operation since World War II, began to retire. Saddled with high maintenance costs, coal plants were shuttered throughout the developed world. In their place rose new fleets of wind turbines, dotting the American plains from Texas to Iowa. In Europe, wind power blossomed onshore but also extended its reach offshore, thriving in the Continent’s notoriously stormy seas.

GREENVILLE, S.C. (March 3, 2025) – GE Vernova, Inc. (NYSE: GEV) announced today that it has completed its acquisition of Woodward, Inc.’s heavy duty gas turbine combustion parts business based in Greenville, S.C. This acquisition plays an important role in GE Vernova's strategy to invest in U.S. manufacturing and employment, while also strengthening its domestic supply chain.

“The completion of this acquisition adds resilience to our supply chain, aiming to deliver greater value to our customers and the energy sector,” said Eric Gray, President & CEO, GE Vernova’s Gas Power business. “I’m excited to now officially welcome these experts to the GE Vernova team and integrate them into our business.”

Combustion parts like those manufactured by these experts play an integral role in GE Vernova’s industry-leading gas turbines, supporting customers’ ability to meet growing energy demands from load growth, data centers and other areas.

The close of this acquisition is in addition to the Company’s previously announced plans to invest more than $160 million and hire more than 650 new employees at its Greenville facility which has had a strong presence in South Carolina for more than 50 years.

The team will be led by Shane Long, Global Supply Chain Leader, GE Vernova’s Gas Power business. GE Vernova acquired all assets related to Woodward, Inc.’s Greenville site, and the financial terms of the acquisition are not being disclosed.

HOUSTON (February 26, 2025) - NRG today joined GE Vernova and TIC, a subsidiary of Kiewit, in announcing a new venture aimed at rapidly bringing new electricity generation capacity to market in response to growing demand for computing power and generative AI (GenAI).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250225753165/en/

ATLANTA, GA (February 13, 2025) – GE Vernova Inc. (NYSE: GEV) announced today Dominion Energy’s Bushy Park Combustion Turbine (Bushy Park CT) facility achieved the start of commercial operation in Berkeley County, South Carolina, USA on November 1, 2024. The 52 megawatt** (MW) Bushy Park CT #1, powered by a GE Vernova LM6000VELOX* package solution including an LM6000* gas turbine and generator, marked the first LM6000VELOX package plant solution in operation globally.

GE Vernova introduced the LM6000VELOX package in 2023 aiming to reduce the installation and commissioning schedule of LM6000 aeroderivative gas turbines by up to 40%, thereby reducing installation time and costs. The enhancements incorporated in the new package aim to also reduce site construction delays for power generation utilities, EPCs, and other industry stakeholders.

The new LM6000VELOX, along with two other units ordered for Dominion Energy’s Parr facility in Fairfield County, South Carolina that are currently under construction, replaced older peaking generation units which help the company meet demands during peak energy usage. In addition to supporting peak usage periods, these fully dispatchable units complement solar generation on days when sunshine is limited or intermittent throughout the day. The Bushy Park and future Parr units incorporate an array of operational flexibility capabilities including dual-fuel capabilities, fast-starting, synchronous condensing, and black start. GE Vernova’s scope of supply included selective catalytic reduction and oxidation catalyst systems, which coupled with dry low exhaust combustion, enable best-in-class air emissions performance without the need for water injection.

“Achieving commercial operation of the Bushy Park project demonstrates our continued commitment to providing safe, reliable, affordable, and increasingly clean energy in the communities we serve,” said Keller Kissam, President of Dominion Energy South Carolina. “Investments in flexible, efficient units are critical to meet growing loads in one of the fastest growing states in the country and complement the large amounts of intermittent solar on our grid.”

“This project marks the first time this solution is in operation globally and we are delighted to celebrate this milestone with Dominion Energy“ said Dave Ross, President and CEO for GE Vernova's Gas Power business in the Americas. “This aeroderivative solution can provide dispatchable and lower carbon-emitting power compared to older units, and also important black-start capability necessary for restoring power after a blackout.”

GE Vernova is a leading supplier to Dominion Energy, which contributes to meeting the electricity needs of approximately 3.6 million customers in Virginia, South Carolina and North Carolina.

With over 40 million operating hours and more than 1,300 units shipped, the LM6000 aeroderivative gas turbine is a leader in the +40 MW space. In addition to the two LM6000VELOX packages currently being installed at Dominion Energy’s Parr facility, there are ten LM6000VELOX packages being installed at Tennessee Valley Authority’s Johnsonville Aeroderivative Power Plant in the Middle of Tennessee with an expected start of operation in 2025. Recently, GE Vernova also announced the first LM6000VELOX packaged solution that is expected to start operation on 100 percent hydrogen at Whyalla hydrogen power plant in Australia in 2026.

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Notes to editors

*Trademark of GE Vernova and/or its affiliates
**Rating is based on baseload with natural gas fuel at ISO conditions

Forward Looking Statements:

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

CAMBRIDGE, Mass. (February 12, 2025) – With a focus on building the workforce needed to drive the future of energy, today the GE Vernova Foundation announced a landmark investment of $500,000 in scholarships for vocational and technical training in five cities across the United States for individuals of all backgrounds pursuing careers related to electric power. Today’s news comes the week after GE Vernova's announcement of nearly $600 million in planned investments in its U.S. factories and facilities over the next two years, expected to create approximately 1,500 new U.S. jobs, to help meet the surging electricity demands around the world.

In collaboration with the Atlanta-based SkillPointe Foundation, the GE Vernova Foundation aims to create a lasting impact on workforce development in the energy sector and help enable the future of energy. Launching in Charleroi, PA; Greenville, SC; Houston, TX; Schenectady, NY; Pensacola, FL - all home to GE Vernova facilities - the new “Future of Energy” Scholarship Fund will focus on students currently pursuing skilled trades or a technical career as well as the reskilling of adults looking to re-career. This $500,000 commitment will fund technical and vocational training to equip current and future workers with skills required for jobs in grid modernization, power generation and related fields. The two-year investment will provide 100 $5,000 scholarships, for a total of a $100,000 investment in each of the 5 locations.

“To keep pace with the demand and new innovations across the energy sector, we’re experiencing a growing need for a workforce that’s skilled in new technologies and functions,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “The GE Vernova Future of Energy SkillPointe Scholarship program supports our mission to electrify and decarbonize the world by fostering the next generation of skilled workers who can bridge the current skills gap and help power the energy transition forward.”

The SkillPointe Foundation, which has a proven track record in scholarship management, will oversee the program. “Our partnership with the GE Vernova Foundation is a natural fit, as both organizations share a commitment to bridging the skills gap and building tomorrow’s workforce,” said Alvin Townley, founding executive director of the SkillPointe Foundation. “In particular, we are honored to help build the workforce that will lead the future of energy.”

Applications and Eligibility
The GE Vernova Future of Energy SkillPointe Scholarship is open to individuals of all backgrounds seeking or enrolled in training for career paths not requiring a four-year degree. Among the program’s pathways of focus are:

• Construction
• Electrical systems
• Equipment technician
• Heavy equipment operation
• HVAC
• CNC Machining
• Mechatronics
• Pipefitting/Steamfitting
• Robotics
• Systems technician
• Welding

For information on how to apply for the GE Vernova Future of Energy SkillPointe Scholarship, please visit the GE Vernova FUTURE OF ENERGY SkillPointe Scholarship Application Link.

GE Vernova recently announced nearly $600 million in investments in U.S. manufacturing facilities over the next two years, which are projected to create approximately 1,500 new U.S. jobs. You can read more about the announcement here.

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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 newly formed GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. Its philanthropic strategy and programs are focused on growing stronger and more resilient communities and building the workforce needed to drive the energy transition forward. Learn more at www.gevernova.com/about/philanthropy.

About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

About the SkillPointe Foundation
The SkillPointe Foundation partners with organizations like the GE Vernova Foundation, The Home Depot Foundation, and other industry and philanthropic leaders to provide scholarships to aspiring workers seeking skills training for high-demand careers not requiring a four-year degree. Specifically, the SkillPointe Foundation works with donors to manage strategic scholarship programs that increase economic mobility for workers while building the skilled workforce needed by American industry. In less than four years of operations, the Foundation has raised nearly $5M and funded more than 1,100 scholarships nationwide.

CAMBRIDGE, Mass. (February 12, 2025) – Today the GE Vernova Foundation announced a grant of $250,000 to Operation Helo in support of the ongoing Hurricane Helene relief efforts in Western North Carolina. Operation Helo, a veteran founded and led non-profit based in North Carolina, recently launched their Campers & Winter Warmth Initiative providing more than 200 new, fully equipped campers to displaced families, ensuring they have a safe and temporary place to call home. The GE Vernova Foundation funding of $250,000 will be directed to both support the continued need for more campers as well as the purchase of building supplies for those residents beginning their rebuilding efforts.

“As Western North Carolina continues to recover from the devastation caused by Hurricane Helene, we are proud to work with Operation Helo to ensure families in need have access to housing,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “Disasters such as these affect families for the long-term, and this will help provide them with the support needed to rebuild.”

“We are profoundly grateful to the GE Vernova Foundation for their generous grant to Operation Helo, said Eric Robinson, Co-Founder, Operation Helo. Their support plays a pivotal role in our ongoing efforts to rebuild and restore communities in Western North Carolina devastated by Hurricane Helene. This partnership empowers us to accelerate recovery, provide essential services, and help families regain stability and hope. Together, we’re rebuilding not just homes, but futures.”

Late last year, the GE Vernova Foundation announced a total of $500,000 in grants to support Hurricane Helene recovery efforts, with $250,000 immediately donated to the American Red Cross. Today’s announcement marks the donation of the remainder of the funds in the initial announcement.

In addition, GE Vernova employees who donate to relief organizations such as Operation Helo, the American Red Cross, Americares, CARE, St. Bernard Project, Team Rubicon and other participating relief organizations can register for a match with the GE Vernova Foundation’s Matching Gifts program, which supports employees’ personal philanthropy and charitable giving by providing a 1:1 match.

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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 newly formed GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. Its philanthropic strategy and programs are focused on growing stronger and more resilient communities and building the workforce needed to drive the energy transition forward. Learn more at www.gevernova.com/about/philanthropy.

About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

GREENVILLE, SC (January 29, 2025) – With global energy needs forecasted to double, GE Vernova Inc. (NYSE:GEV), America’s leading energy manufacturing company, announced plans today to invest more than $160 million and hire more than 650 new employees at its Greenville facility.

The substantial investments – the largest since the company’s spinoff in April – will help meet soaring customer demand, strengthen domestic supply chains, and continue developing cutting-edge American technology that helps power the world. The investments will also help enable U.S. energy affordability, security, resilience, and competitiveness while enabling the American manufacturing footprint to support global exports.

“These investments will have a significant impact on the Upstate today and for years to come,” said Shane Long, Supply Chain Leader, GE Vernova’s Gas Power business. “Beyond the immediate jobs additions and capacity expansion, this investment will allow Greenville to maintain and strengthen its position as the world’s center of gas turbine manufacturing.”

The investments in Greenville are part of a larger nearly $600 million planned investment across the U.S. the company announced earlier today and are the first part of a larger $9 billion cumulative global capital and R&D investment plan through 2028 across the company’s facilities in the U.S.

Currently GE Vernova has more than 2,500 workers in the state. This includes manufacturing, engineering and many other specialties. The factory has produced gas turbines for markets across the U.S. and globally since 1968.

Last year, Scott Strazik, CEO of GE Vernova, announced plans to increase global capacity of heavy duty gas turbines more than 25% to meet robust demand. Today’s announcement is in addition to the $35 million the company invested in the facility last year.

For those interested in pursuing opportunities with GE Vernova in the Greenville area, we have developed a Web site with information on the application process: https://careers.gevernova.com/greenville.

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About GE Vernova
GE Vernova is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova’s website 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.

PITTSBURGH, PA (January 29, 2025) - GE Vernova Inc. (NYSE:GEV), America’s leading energy manufacturing company, today announced it is planning to invest more than $10 million in its Pittsburgh facility over the next two years to expand capabilities across its Electrification segment. This includes funding to house a new domestic manufacturing line for the company’s FLEXINVERTER, a key technology for utility-scale solar and energy storage applications. This total investment is expected to create more than 270 new jobs.

The investment comes as GE Vernova launches its new Power Conversion & Storage business, one of the three business units within GE Vernova’s Electrification segment. The new business unit, a combination of two previously separate businesses, Power Conversion and Solar & Storage Solutions, is a response to the increasing demand by customers for power stability and energy storage solutions driven by the increases in renewable power generation, as well as the continuous electrification of energy intensive industries.

“Expanding our Pittsburgh operations reflects our commitment to building a robust domestic supply chain for electrification technologies,” said Ed Torres, GE Vernova’s Power Conversion & Storage Business Leader. “This investment not only reinforces our role in supporting the energy transition but also aims to create jobs in the heart of the U.S. industrial base. As part of GE Vernova’s Electrification segment - our fastest-growing division with immense potential - Power Conversion & Storage expects to play a critical role in building the electrification backbone essential for achieving world climate goals.”

By localizing production, GE Vernova aims to address critical supply chain challenges, aligning with national priorities to strengthen U.S. energy independence while supporting decarbonization goals.

Pittsburgh Facility Expansion: Supporting U.S. Renewable Growth
The new GE Vernova FLEXINVERTER manufacturing line is designed to produce both 1500V and 2000V FLEXINVERTER models, which enable utilities to seamlessly connect renewable energy sources to the grid, ensuring stable and consistent energy supply for homes and businesses.

With a footprint of more than 2.7 acres (11,000 square meters), the expanded Pittsburgh facility will also boost engineering and field operations for sectors including steel, oil and gas, marine, and renewable energy. The investment reinforces GE Vernova’s commitment to providing advanced energy solutions that lower operational costs and enhance grid stability.

Driving the Energy Transition
The launch of Power Conversion & Storage further demonstrates GE Vernova’s leadership in accelerating the U.S. energy transition. With innovations like the 2000 kV FLEXINVERTER and RESTORE DC Block, the company is setting new standards for utility-scale renewable energy solutions.

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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 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

GE Vernova’s Power Conversion & Storage business combines advanced energy conversion and storage systems to meet the electrification needs of utilities and industries. With a focus on industrial electrification, power stability, and energy storage solutions, Power Conversion & Storage empowers customers by addressing their most complex electrification challenges and accelerating their transition to a sustainable, decarbonized future.

Forward Looking Statements
This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements address GE Vernova's expected future business and financial performance, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on business operations, financial results and financial position and on the global supply chain and world economy.