CAMBRIDGE, Mass. (May 20, 2024) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer, Scott Strazik, will present at the Bernstein 40th Annual Strategic Decisions Conference in New York City on Thursday, May 30, at 3:30 PM ET. Strazik will speak in a fireside chat on managing the energy transition and discuss the outlook for GE Vernova’s Power, Wind, and Electrification segments.

The conference webcast and replay will be available through GE Vernova’s Investor Relations website at https://www.gevernova.com/investors/events/bernstein-40th-annual-strategic-decisions-conference-2024.

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Additional information
GE Vernova’s website at www.gevernova.com/investors, as well as GE Vernova’s LinkedIn and other social media accounts, contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit these websites from time to time, as information is updated, and new information is posted.

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 of Advanced Research, Consulting Services, and Financial Services. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 80,000 employees across 100+ countries around the world.

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.

Project will add same technology already in existence

ANADARKO, Okla. (May 16, 2024) – Western Farmers Electric Cooperative’s (WFEC) and GE Vernova Inc. (NYSE: GEV) today announced the order for two new GE Vernova’s aeroderivative LM6000VELOX* package solutions, each including an LM6000* gas turbine and a generator, to replace aging steam turbines at its Anadarko Plant, Oklahoma. These new units are expected to expand the power plant, currently powered by five LM6000 PC gas turbines (two installed and commissioned in 1999, three units installed ten years later, in 2009). When the expansion will be completed, the Anadarko Plant is expected to deliver up to 350 megawatts (MW) with a total of seven LM6000 gas turbines.

“At WFEC, we continually evaluate capacity needs, while focusing on both the present and future power requirements of our members, and we are committed to maintain a reliable supply of electricity well into the future,” said Justin Soderberg, Western Farmers Electric Cooperative. “We selected GE Vernova’s LM6000VELOX units due to their fast start and quick ramp up/down capabilities. Rapid renewable energy growth presents system operators and energy providers with the increasingly difficult task of continuously ensuring stability of the grid and a reliable power supply, as renewable generation assets like wind turbines and solar farms are slightly less predictable by their very nature. Conversely, the aeroderivative gas turbines, powered by natural gas can help stabilize the grid and reduce the risk of electricity supply shortages.”

These aeroderivative units, derived from jet-engine technology powering the world’s airlines jets and well-known in the power generation industry for their quick start time in as little as 5 minutes to full power, will be a great complement to WFEC’s robust portfolio of almost 1,000 megawatts (MW) of renewable projects already in service or scheduled to be in service by the end of the decade.

WFEC has been working with Sargent & Lundy (S&L) as the owner’s engineer for the expansion of the plant. S&L is an engineering firm based in Chicago, Ill. S&L has worked hand in hand with WFEC staff on selecting the appropriate technology for these new units and developing a turbine specification. Fagen, Inc. has been selected as the EPC Contractor. The works are expected to start in late 2024 and be completed in late 2026.

*Trademark of GE Vernova and/or of its affiliates

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Notes to editors

*The order for the gas turbine power generation equipment for the Anadarko project was booked in Q1 2024

Western Farmers Electric Cooperative (WFEC) is a generation and transmission cooperative, headquartered in Anadarko, Okla. Now in its 83^rd year of operation, WFEC serves the electric needs of 21-member distribution cooperatives, across much of Oklahoma, the eastern parts of New Mexico, and into some areas of Kansas and Texas. WFEC also serves Altus Air Force Base. WFEC has a diverse generation portfolio of coal, natural gas, hydroelectric power, wind and solar.

Sargent & Lundy is one of the world’s longest-standing full-service architect engineering firms. Founded in 1891, the firm is a global leader in power, energy, and decarbonization with expertise in grid modernization, renewable energy, energy storage, nuclear power, fossil power, carbon capture, and hydrogen. Sargent & Lundy delivers comprehensive project services – from consulting, design, and implementation to construction management, commissioning, and operations/maintenance – with an emphasis on quality and safety. The firm serves public and private clients in the power, energy, gas distribution, industrial and government sectors.

GE Vernova (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 80,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and gas power plant technologies and services with the industry’s largest installed base of approximately 7,000 gas turbines.

Fagen, Inc. is a full-service EPC contractor headquartered in Granite Falls, Minn. Utilizing a database of over 10,000 direct-hire employees, Fagen, Inc. provides both full EPC wraps and general contractor services to its client base. Fagen self-performs civil, structural, siding, insulation, millwright, piping, instrumentation, electrical, and commissioning. Striving to be the construction company most admired by their customers for their people, partnerships, performance and finished product, Fagen, Inc. is ultimately building a better world for tomorrow.

WILMINGTON, N.C. (May 9, 2024) - High burnup fuel rods, manufactured by GE Vernova’s Nuclear Fuel business, Global Nuclear Fuel (GNF), have been delivered to the U.S. Department of Energy’s (DOE) Oak Ridge National Laboratory (ORNL) for examination after commercial operation. The rods completed three full cycles of operation at a U.S. nuclear power plant.

“This shipment of these rods is another milestone in the drive to develop the next generation of even safer and more reliable fuel,” said Mike Chilton, Executive Vice President, GNF. “We are proud to be part of this collaboration with Oak Ridge National Laboratory and the U.S. Department of Energy to benefit the entire industry.”

“This fuel shipment to Oak Ridge National Laboratory is an important step in GNF’s efforts to commercialize their high burnup fuel,” said Frank Goldner, a nuclear engineer within DOE’s Office of Nuclear Energy. “High burnup fuels are expected to enhance the performance of today’s reactors and will help us on our path to reach net-zero emissions by 2050.”

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.

Higher burnup fuel is expected to further enhance nuclear safety by enabling fuel to remain in the reactor core for longer periods of time before it is removed for long-term storage. It is anticipated that fewer bundles will support improved fuel cycle economics and power uprates. The post-irradiation examinations performed by ORNL support GNF’s development, engineering and licensing efforts to ensure the continued safe and reliable performance of fuel under expanded operating conditions.

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About GE Vernova
GE Vernova is a planned, purpose-built global energy company that includes Power, Wind, and Electrification businesses and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 80,000 employees across 100+ countries around the world.

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

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

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

ATLANTA, Ga (May 6, 2024) – GE Vernova Inc. (NYSE: GEV) today announced it has secured an order for 16 of its aeroderivative LM6000VELOX* package solutions, each including an LM6000* gas turbine and a generator, to be installed at Tennessee Valley Authority (TVA)’s Kingston Energy Complex on the Clinch River arm of Watts Bar Reservoir near Kingston, Tennessee. The new units are expected to deliver a flexible supply of up to 850 megawatts of electricity to help enhance the reliability of the energy grid and help ensure TVA’s energy consumers have uninterrupted access to affordable and reliable power.

“The Kingston Energy Complex highlights the way diverse generation works together to ensure TVA can provide more reliable, resilient and affordable power,” said TVA Chief Operating Officer Don Moul. “These aeroderivative units will help us meet demand during peak energy usage and supplement solar generation on days when sunshine is limited.”

GE Vernova’s LM6000VELOX packages, expected to start operation in 2028, feature dual-fuel capability to flexibly operate on natural gas or on liquid fuels, if needed. In addition, the DLE combustor configuration is capable to meeting stringent environmental regulations, meeting emissions limits that comply with the regional air district requirements and avoiding water consumption for NOx emissions abatement.

Already an industry leader in carbon reductions, TVA has reduced emissions by 57 percent from 2005 levels. Nearly 60% of TVA’s energy comes from carbon-free sources including nuclear, hydropower, storage, and solar.

“This milestone project marks GE Vernova’s commitment to supporting TVA’s efforts to ensure affordability and reliability of electricity while focusing on more efficient and sustainable energy generation," said Dave Ross, President of GE Vernova’s Gas Power in the Americas region. “TVA is actively integrating more renewables into the system, investing in new technologies, and retiring older, less efficient generation and they are doing this in a holistic way that helps to ensure affordability, reliability, and resiliency for their 10 million customers.”

The LM6000 gas turbines are well-known in the power generation industry for their quick start time in as little as 5 minutes to full power, high cyclic life helping to complement intermittent power from renewable sources, and operational flexibility which can help stabilize the grid and reduce the risk of electricity supply shortages.

These units are derived from jet-engine technology powering the world’s airlines jets. With over 40 million operating hours and an installed base of nearly 1,300 across approximately 60 countries, these turbines have more operating experience than any other aeroderivative gas turbine greater than 40 MW. The LM6000 offers greater than 99 percent start and operational reliability and over 98 percent availability.

GE Vernova’s LM6000VELOX package, announced in October 2023, features enhancements aiming to reduce site construction time for power generation utilities, EPCs, and other industry stakeholders. The solution features a quick package installation in a simple cycle configuration, with an expected reduced installation and commissioning schedule and consequent lower costs.

*Trademark of GE Vernova and/or its affiliates

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Notes to editors

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

About GE Vernova
GE Vernova (NYSE: GEV) is purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 80,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and gas power plant technologies and services with the industry’s largest installed base of approximately 7,000 gas turbines.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Learn more: GE Vernova and LinkedIn.

Atlanta, Georgia: April 11, 2024 – GE Vernova’s Gas Power business (NYSE: GEV) today announced it has secured an order for its 7HA.03 combined-cycle plant equipment from Louisville Gas and Electric Company and Kentucky Utilities Company (LG&E and KU), regulated utilities that are part of the PPL family of companies (NYSE: PPL), to power a new natural gas combined-cycle generating unit (NGCC) at the utilities’ existing Mill Creek Generating Station in Louisville, Kentucky.

Last year, the Kentucky Public Service Commission approved LG&E and KU’s plans to retire two aging coal generation units and build a new NGCC at its Mill Creek Generating Station. The commission also approved solar energy projects, battery storage, and a suite of energy efficiency programs.

“We’re proud to serve the communities in which our employees live and work at the lowest reasonable cost, and the addition of a new NGCC at our Mill Creek Generating Station – which has provided ‘round the clock’ energy to our customers for decades – is an important part of how we’re continuing to plan for Kentucky’s energy future in a responsible, affordable and reliable way”, said Lonnie Bellar, senior vice president, Engineering and Construction. “We’re also proud to partner with GE Vernova on bringing to life what will be the most advanced NGCC generating unit in our fleet”.

MC5 is expected to have an output of approximately 645-megawatts (MW) and will feature the most advanced GE Vernova 7HA.03 gas turbine, which will be fueled initially by natural gas, with the ability to utilize up to 50 percent hydrogen (by volume) as hydrogen becomes more available in the future.

GE Vernova will also provide a STF-D650 steam turbine along with a W86 generator, a Vogt Heat Recovery Steam Generator (HRSG) and its integrated Mark* VIe control system for gas turbine performance management. NGCCs, like MC5, have the lowest carbon dioxide (CO2) emissions and other emissions of all fossil-fuel powered generation.

“GE Vernova’s advanced HA gas turbines produce less than one-third of the carbon emissions of a similar coal-fired generating station, so constructing a NGCC works in harmony with LG&E and KU’s future carbon reduction plans by incorporating the potential of hydrogen-based fuels and carbon-capture technologies”, said Dave Ross, President of GE Vernova’s Gas Power in the Americas region. “We are honored to support LG&E and KU in this project, not only through bringing our advanced HA power generation equipment, but also by working to ensure its best operation through the deployment of controls software and remote monitoring abilities well into the future”.

The performance of the new 7HA.03 gas turbine includes a highly flexible ramp rate of 75MW/min as validated at GE Vernova’s Test Stand 7 in Greenville, South Carolina.

GE Vernova will also provide services to help increase operational efficiency, expected to generate key savings in maintenance costs due to less unplanned maintenance for the combustion turbines. Data collected from sensors throughout the facility will be monitored and analyzed 24/7 at GE Vernova’s Monitoring & Diagnostics (M&D) Center in Atlanta.

The plant will be built by TIC—The Industrial Company, a subsidiary of Kiewit, one of North America’s largest engineering and construction companies.

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

About LG&E and KU
Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 335,000 natural gas and 436,000 electric customers in Louisville and 16 surrounding counties. KU serves 545,000 customers in 77 Kentucky counties and 28,000 in five counties in Virginia. More information is available at www.lge-ku.com and www.pplweb.com.

Abidjan, Cote D’Ivoire: March 26, 2024 – Today, GE Vernova announced that Globeleq’s Azito Energie S.A. (“Azito”), the largest gas power plant in Cote D’Ivoire, will be the first power plant to debut and deploy its carbon emissions management software, CERius™, which is designed to help energy companies progress toward their net-zero goals using data precision and abatement planning capabilities. This announcement comes on the heels of more global regulations around emissions reporting, including the recent rules passed by the U.S. Securities and Exchange Commission (SEC), which seeks to require companies to report emissions for the first time.

CERius™ will use the power of artificial intelligence (AI) and machine learning (ML) to enable organizations to more accurately measure, manage, and operationalize certain insights needed to help companies track their carbon neutral emissions goals. CERius™ is engineered to automate more accurate greenhouse gas (GHG) data collection and suggest recommendations to operationalize carbon reduction efforts by offering scenario analysis, team collaboration, and standardized reporting based on GHG protocols.

“One of the most effective ways to drive emissions reduction in the energy sector is to pursue digital transformation,” said, Linda Rae, General Manager, Power Generation & Oil and Gas, Electrification Software, GE Vernova. “While many energy industrials have been reporting emissions for years, the process is labor intensive, slow to surface insights, and based upon generic formulas. The energy transition demands agility, speed, and accuracy of data collection – CERius™ offers the fidelity of reporting emissions down to a specific asset, which can unleash actionable insights to help improve scope 1, 2, and 3 data accuracy and reporting, in addition to measuring abatement planning strategies,” added Rae.

Azito is a trailblazer in the digital energy space in Africa, serving as an example to other energy producers on the benefits of using digital solutions. By deploying CERius™, Azito will be not just the first company in Africa, but in the world, to access this technology and be able to better manage their emissions data, compliance reporting, and strategic planning, further contributing to their net-zero goals. Implementing cross-functional standards and processes fueled by CERius™ will help position companies to address ever-evolving regulatory compliance. “As we see the rise of environmental reporting across the energy supply chain by regulators, stakeholders, and investors, software will be a game-changer for power utilities, if applied at speed and to scale,” added Rae.

With greater access to emissions data, Azito will be able to make more informed decisions on how to reduce their carbon emissions. Azito already uses GE Vernova’s award winning Asset Performance Management (APM)[1] software’s APM Reliability Plus module, which uses advanced algorithms, AI, and ML to help predict potential failures in the power plants several weeks/days before they occur. Hence, allowing proper planning with the goal to reduce downtime which automatically translates to more productive hours and higher revenues.

Gionata Visconti, Chief Operating Officer of Globeleq, said: “As a Group that has a mixed portfolio of power plants across Africa and is fully committed to the energy transition, it is vital that we are able to monitor and report our emissions from one of our key thermal plants in a timely and accurate manner. At the same time, we can use the information from CERius™ to reduce and abate our emissions. Critically, Azito is an essential part of Cote d’Ivoire’s energy infrastructure, and we will now be able to make important planning decisions with better and more insightful data.”

The Azito power plant generates electricity using natural gas from the country’s offshore gas fields. Located in the village of Azito in the district of Yopougon, approximately 6 km west of Abidjan, the facility uses combined cycle gas turbines that generate 713 MW of electricity. This equates to approximately 30% of the country’s base load generation.

[1] Oil & Gas Awards for “Cross Border Energy Transition and Digital Transformation

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Notes to Editors:

• Learn more about GE Vernova’s CERius™ Software
• Azito and GE Vernova recently received an award from Oil & Gas Awards for “Cross Border Energy Transition and Digital Transformation.

About Azito
Globeleq, which is owned 70% by British International Investment and 30% by Norfund, is the leading developer, owner and operator of electricity generation and energy transition projects in Africa. Since 2002, its experienced team of professionals have built a diverse portfolio of independent power plants, generating 1,794 MW in 17 locations across seven countries, with a further 485 MW in construction and more than 2,000 MW of power projects in development.

Avangrid and Copenhagen Infrastructure Partners (CIP) today announced that power from the Vineyard Wind project was delivered to the New England grid for the first time. As part of the initial commissioning process, at 11:52PM on Tuesday, January 2, 2024, one turbine delivered approximately five megawatts of power, with additional testing expected to happen both on and offshore in the coming weeks. The project expects to have five GE Vernova Haliade-X turbines operating at full capacity early in 2024.

Pattern Energy Group LP, a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.

A $2.25 billion tax equity term loan facility was provided by Banco Santander, S.A, New York Branch and Santander Bank N.A. (SBNA) as Joint Coordinating Lead Arrangers. Bank of America, GE Vernova’s Financial Services business, Natixis Corporate & Investment Banking and Royal Bank of Canada acted as Joint Lead Arrangers. 

Prolec GE, a Prolec subsidiary of a joint venture between GE and Xignux, a Mexico-based private company, today announced additional manufacturing investments of $85 million to meet unprecedented North American demand for single-phase pad-mount transformers. Prolec GE will increase its manufacturing capacity in Monterrey by equipping a new facility capable of annually duplicating the number of transformers produced at its existing Mexico facility. The company will also take this opportunity to incorporate state-of-the-art manufacturing technology to increase productivity and improve ergonomics in key areas throughout the new plant.​

At GE Vernova, we are committed to ensuring that our team members who are living or caring for someone with a disability have the support and resources they need to connect and thrive. We are proud to partner with DisabilityIN, a worldwide leader in disability inclusion, to accelerate our efforts to be an employer of choice for people with disabilities.