Fifteen years ago, the world’s power grids were starting to change fast. As coal plants retired and renewables expanded, power systems needed technology that could deliver both flexibility and scale. GE Vernova’s H-class gas turbine was built for that moment, and its record-breaking combined-cycle efficiency helped make it the fastest-growing fleet in its class.

ATLANTA, GA - (May 26, 2026) - GE Vernova Inc. (NYSE: GEV) today announced that its HA gas turbine fleet has surpassed 4 million commercial operating hours worldwide, marking an important milestone for one of the power industry’s most advanced and efficient gas turbine technologies. 

Since the first HA unit entered commercial operation in 2016, the fleet has grown to 128 units operating across 21 countries and has generated approximately 74 gigawatts (GW) of power plant capacity, the equivalent electricity needed to power more than 55 million U.S. homes. Today, GE Vernova’s HA gas turbine is the world’s fastest-growing fleet in its class.

The milestone also highlights the growing performance of GE Vernova's HA services, as each new turbine commissioned today is typically accompanied by a long-term maintenance and performance contract that grows GE Vernova's high-margin services backlog for decades to come.

“Surpassing 4 million commercial operating hours is a strong validation of the HA fleet’s performance, reliability and relevance in today’s energy landscape,” said Eric Gray, CEO, GE Vernova’s Power Segment. “This milestone reflects the confidence our customers have placed in GE Vernova’s HA technology and its established role in supporting flexible power generation around the world.  As electricity demand rises and energy security is seen as national security, customers are increasingly focused on solutions that can deliver reliable, efficient, and more flexible power. Our HA fleet is helping meet that need today while continuing to evolve to support lower-emission power systems over time.”

Growing Global Demand for HA Technology

GE Vernova’s HA gas turbines were developed in the context of a fundamental shift in the global power sector, involving the replacement of aging coal-fired generation with more efficient, lower-emission, and flexible power while enabling greater renewable energy integration. That role is becoming increasingly important as electrification, industrial expansion, and rising demand from data centers and AI drive sustained pressure on power systems worldwide. 

In this environment, GE Vernova is seeing continued demand for gas power technologies as customers prioritize solutions that can be deployed at scale, operate efficiently and support grid reliability. As the installed HA fleet continues to expand, GE Vernova also sees growing services opportunities as customers seek to maintain performance, availability and operating flexibility across the lifecycle of these assets. 

As power needs continue to expand, GE Vernova is investing across its Gas Power manufacturing and services footprint—including in Greenville and Schenectady—to strengthen the capabilities needed for the future. GE Vernova’s nearly $300 million in planned investments in the Gas Power business underscores our commitment to helping customers deliver reliable, efficient, and more flexible generation at scale. This investment is part of a $700 million invested in meeting unprecedented customer demand across the company.

Recent milestones further illustrate the fleet’s global momentum. 

In the U.S., the HA has seen record success. One example is with Duke Energy securing  20 advanced HA gas turbines, several of which are included in a framework agreement executed in 2025. Several other traditional U.S. utilities have also entered into significant, multiunit HA agreements. Beyond traditional customers, a new, non-utility customer archetype is emerging from data centers. This includes hyperscalers and other project developers which represent approximately 20 percent of total gas turbines contracts

In Türkiye, GE Vernova and Enka Power announced the start of commercial operation at ENKA’s 850-megawatt (MW) Kırklareli power plant in Kırklareli, Türkiye. The facility marks the first HA-powered plant in the country, bringing GE Vernova’s total installed gas power capacity in Türkiye to 13.5 GW.

In the UK, GE Vernova is supplying a 9HA.02 gas turbine for the NZT Power project, expected to be the world’s first commercial-scale gas-fired power station equipped with carbon capture technology. Construction has started, and the gas turbine is expected to be shipped from GE Vernova’s Manufacturing Center in Belfort, France, in June.

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Kırklareli, Türkiye - (May 12, 2026) ENKA and GE Vernova Inc (NYSE: GEV) today announced the start of commercial operations at the 852 megawatts (MW) Kırklareli power plant in Kırklareli, about 20 miles from the Bulgarian border in Türkiye. The facility is the first HA-powered plant in the country and represents a significant milestone in the modernization of Türkiye’s power generation fleet.

Under the terms of a multi-year agreement, GE Vernova is also expected to provide long-term maintenance services to improve asset visibility, reliability, and availability. The milestone was celebrated in the presence of senior government officials, including H.E. Alparslan Bayraktar, Minister of Energy and Natural Resources of the Republic of Türkiye, and representatives from ENKA and GE Vernova. 

“With the successful commissioning of the Kirklareli power plant, ENKA has achieved a significant milestone, strengthening its position as both investor, EPC contractor, and operator of one of Türkiye's most efficient combined cycle facilities," said Mr. Mehmet Tara, Chairman of the Board and President of ENKA. “By delivering flexible, high-efficiency power to the national grid, this project reflects ENKA's nearly 70 years of engineering heritage, the depth of our in-house capabilities — from design to commissioning — and our long-term commitment to supporting Türkiye’s growing electricity needs with efficient, reliable, and flexible generation.”

The commercial operation of the Kırklareli plant comes as Türkiye continues to modernize its power system to meet rising electricity demand through a more efficient, resilient, and diversified generation mix. According to the IEA outlook, natural gas power generation in Türkiye has expanded significantly over the past two decades and today represents a key part of the country’s energy mix, supplying more than a quarter of its electricity. 

For the Kırklareli Power Plant, GE Vernova supplied its combined-cycle power generation equipment, including a 9HA.02 gas turbine with H78 generator, an STF-D650 steam turbine, and a triple-pressure Heat Recovery Steam Generator (HRSG). All engineering, procurement, construction, and commissioning works were executed by ENKA's in-house teams, with approximately 8 million person-hours of effort over a 36-month execution period. The Kırklareli facility is expected to be among the most efficient combined-cycle gas power plants in the country, reaching above 63% net efficiency in combined-cycle mode.

“As Türkiye prepares to host COP31, this project highlights the important role that advanced, high-efficiency power generation technologies can play in strengthening energy security, while enhancing grid reliability,” said Joseph Anis, President & CEO for GE Vernova’s Gas Power business in Europe, Middle East & Africa. “Kırklareli's entry into commercial operation marks an important step in our collaboration with ENKA and in bringing GE Vernova’s HA technology to Türkiye for the first time. We are proud to support the country’s energy transition with technology that can help power growth, strengthen infrastructure, and contribute to long-term economic development.”

GE Vernova has supported Türkiye’s energy infrastructure for more than 75 years. Today, the company has an installed base of approximately 33.5 gigawatts (GW) across gas power, wind, hydro, and solar technologies, as well as grid modernization initiatives, and manufacturing and R&D capabilities through its Gebze Transformer Factory. With this project, GE Vernova’s total installed gas power capacity in Türkiye has reached approximately 13.5 GW.

VADODARA, INDIA (May 4, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it has secured an order from Megha Engineering & Infrastructures Limited (MEIL) to deliver nine 150 MW pumped-storage units for the 1.35 GW Upper Sileru hydropower plant, located in the state of Andhra Pradesh in India. The project is expected to be completed by 2030. At 1.35 GW, Upper Sileru will be among the largest pumped‑storage hydropower projects in India.

Once completed, MEIL’s Upper Sileru hydropower plant will be able to store and supply enough electricity equivalent to the annual needs of about three million Indian homes*. The Upper Sileru pumped‑storage project is expected to play a critical role in supporting India’s energy transition by providing long‑duration energy storage that helps balance growing solar and wind capacity on the national grid. With its ability to rapidly switch between pumping and generating modes, the facility will support grid reliability, peak demand management, and frequency regulation at scale.

Megha Engineering & Infrastructures Limited said: “The Upper Sileru pumped-storage project is a landmark development for India’s energy transition. Partnering once again with GE Vernova allows us to leverage proven pumped-storage technology to deliver reliable, large-scale energy storage that will support grid stability and enable greater integration of renewable power across the country.”

GE Vernova’s scope of work includes the design, engineering, manufacturing, testing, supply, transportation, and supervision of erection, testing and commissioning of the nine units, control and governing systems. The nine vertical Francis reversible units are designed for high efficiency, operational flexibility, and a long service life, enabling reliable performance over several decades of operation.

This project marks the second pumped-storage project GE Vernova and Megha Engineering & Infrastructures Limited (MEIL) are working on together.  GE Vernova is currently delivering four 125 MW fixed speed pumped-storage units for the new Kundah hydropower plant in India. 

The project will leverage GE Vernova’s engineering and manufacturing footprint in India and is expected to support local employment, skills development, and industrial capabilities during execution.

Frederic Ribieras, Hydro Power CEO, GE Vernova, said: “We are honored to be working on this second project with MEIL. Pumped-storage projects are critical to help build a more sustainable energy landscape in India and in the world, stabilizing the grid and balancing variable renewable energies- at a very large scale, and for a long lifetime.”

Pumped Storage Projects

Pumped Storage is a source of large-scale energy storage. Acting as a giant battery, it helps stabilize the grid, sustainably, with the integration of wind and solar power. GE Vernova is one of the largest players in the global pumped-Storage space with nearly 30% of the global installed base and is currently developing more than 3 GW of pumped-Storage projects around the world. GE Vernova had also recently delivered the four 250 MW pumped storage variable speed systems at the Tehri pumped-Storage Hydropower Plant for THDC India Limited’s, part of the Tehri Hydropower Complex.

GE Vernova in India

GE Vernova has deep-rooted presence in India, across power generation, transmission and distribution. The company counts five Technology and Engineering Centers focused on advancing research, development and innovation in new technologies and solutions. Additionally, the company operates 10 manufacturing sites that are undertaking local production and generating employment. The company’s workforce in India comprises of over 10,000 employees, including more than 3,000 engineers and technologists.

CAIRO, Egypt (April 29, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it received an order from an affiliate of Egyptian Electricity Holding Company (EEHC,) Middle Delta Electricity Production Company (MDEPC), to modernize power generation infrastructure and improve operating efficiency.at MDEPC’s Banha and Nubaria power plants in Egypt. The order was booked in the first quarter of 2026.

Spanning an anticipated three-year period, the project aligns with Egypt’s ongoing efforts to modernize its power generation infrastructure, reinforce energy security, and drive greater efficiency in electricity generation. 

The scope includes two Advanced Gas Path (AGP) upgrades for the two GE Vernova 9F gas turbines at the Banha power plant, along with multiyear services agreements for Banha and Nubaria with terms of 15 and 8 years, respectively.

“This modernization highlights the potential benefits that Advanced Gas Path technology can bring to F-class gas turbine units in Egypt,” said Eng. Mohamed El-Abd, Chairman of MDEPC. “The upgrades are expected to increase the output of the gas turbines and improve efficiency by approximately 2 percent. These improvements are expected to enable additional power generation with more efficient fuel use and may help reduce carbon emissions per megawatt hour.”

“Across many power systems, improving the efficiency, availability, and operational performance of the existing generation fleet can play an important role in supporting electricity demand and broader power system objectives,” said Joseph Anis, President & CEO, Europe, Middle East & Africa, GE Vernova’s Gas Power business. “Upgrades such as Advanced Gas Path technology can help operators improve output, extend maintenance intervals, and enhance efficiency, while supporting more reliable power generation. We are pleased to support MDEPC in its efforts to modernize these assets and help meet Egypt’s evolving power generation needs.”

For more than 50 years, GE Vernova’s businesses have supported Egypt’s electricity infrastructure through technologies and solutions, local talent development, and financing for projects across the power sector. Today, GE Vernova continues to support customers in Egypt across power generation, transmission, software, and services.

Today, GE Vernova’s installed base in Egypt includes more than 60 gas and steam turbines with a combined generating capacity of approximately 10 gigawatts.

Notes to editors

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

© 2026 GE Vernova and/or its affiliates. All rights reserved. 
GE and the GE Monogram are trademarks of General Electric Company used under trademark license. 

STOCKHOLM (April 7, 2026) – GE Vernova Hitachi Nuclear Energy (GVH) today announced that it has entered into a Main Services Agreement (MSA) with AFRY, a leading Swedish engineering, project management and advisory company, to support the deployment of its BWRX-300 small modular reactor (SMR) technology.

Through this non-exclusive collaboration, AFRY will deliver engineering and advisory services that leverage its deep sector knowledge, regional expertise and extensive presence across Europe. The collaboration is expected to enable Swedish industries to participate in high-value opportunities linked to the growing European and global SMR market.

“This agreement reflects our commitment to building a strong Swedish and European industrial ecosystem around the BWRX-300, going beyond reactor technology to enable long-term collaboration, local capability development and regional value creation,” said Jason Cooper, CEO, GE Vernova Hitachi Nuclear Energy. “Sweden has a strong industrial base and world-class engineering capabilities, and by working with AFRY we are reinforcing our ability to deliver the BWRX-300 while enabling local industry to play a meaningful role in Europe’s energy transition.”

“Through the collaboration with GE Vernova Hitachi, we aim to help position Sweden as a key hub in the future SMR value chain as well as advancing Sweden’s nuclear power program,” said Elon Hägg, EVP and Head of Global Division Energy at AFRY. “This collaboration connects local expertise with international reach and supports the delivery of reliable, low-carbon energy solutions.”

By combining GVH’s proven BWRX-300 technology and global project experience with AFRY’s sector-engineering strength, the collaboration is designed to support efficient, repeatable, and scalable deployment across multiple projects in Europe. In addition to engineering work, AFRY will also support GVH in the development of a license application for the BWRX-300 to the Swedish Radiation Safety Authority (SSM).

Momentum around the BWRX-300 continues to build globally. The first BWRX-300 is under construction at Ontario Power Generation’s Darlington site in Canada, with completion expected by the end of the decade, which will make it the first small modular reactor in the Western world. Key components like the reactor pressure vessel are being manufactured, and site construction is progressing according to plan. The U.S. Nuclear Regulatory Commission has accepted and is reviewing Tennessee Valley Authority’s (TVA) application to construct the first BWRX-300 in the U.S. at the utility’s Clinch River site in Oak Ridge, Tennessee. These developments, and others, support GVH’s progress and leadership in scaling and deploying SMRs commercially to customers around the globe.

About GE Vernova Hitachi Nuclear Energy

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

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.

Making good on their nickname, Sunbelt States from Georgia to Arizona are building lots of new solar these days. Texas is currently leading the way, but plenty of other states are cranking up their growth. In the past 12 months, Mississippi has grown solar 73%, and Louisiana has been even more aggressive, hitting 90%, according to the Energy Information Administration.

2026年3月18日、東京・アトランタ発 – 株式会社IHI（以下、IHI）と米国を拠点とするGEベルノバは、本日、実機サイズの試験用燃焼器を用いた燃焼試験において、GEベルノバのF型ガスタービンの運転条件を再現した環境下で、アンモニア100％の燃焼実証に成功したことを発表しました。試験で達成された排出量レベルは、2030年までにアンモニア100％燃焼ガスタービンの実用化を目指すという両社の開発ロードマップに沿ったものです。

株式会社IHI　常務執行役員 資源・エネルギー・環境事業領域長 小澤 典明氏は次のように述べています。

「アンモニアバリューチェーンの重要な要素が今、整いつつあります。2024年の共同開発契約の締結以来、両社の協力関係は力強く加速し、双方のチームの努力が実を結びつつあります。実物大のF型ガスタービンにおけるアンモニア100%燃焼の成功は大きなマイルストーンであり、電力業界のお客さまが描く脱炭素化ロードマップをさらに後押しするものです」

本実証試験は、GEベルノバのF型ガスタービンの運転条件を再現するために設計された、IHIの専用試験設備で実施されました。IHIとGEベルノバは、今後も協業を継続し、複数の実機スケール試作燃焼器を用いた様々な燃焼試験に取り組んでいきます。

GEベルノバ カーボンソリューションズ 責任者のジェレミー・ウェザビーは次のように述べています。

「F型ガスタービンの運転条件下でアンモニア100%燃焼の実証に成功したことは、より低炭素なエネルギーの未来に向けた当社の取り組みにおいて、極めて重要な一歩です。この成果は、当社の開発ロードマップを強化し、IHIとの連携の強固さを明確に示すものです。当社は、炭素を含まない燃焼燃料としてのアンモニアに大きな可能性を見出しており、世界の脱炭素化を推進する上でのアンモニアの役割を切り拓くために、引き続き協力していきます」

• 本プレスリリースにおいて、「脱炭素」とは発電におけるkWhあたりのCO2排出量の削減を意味しています。
• アンモニアは今日、肥料の製造などの産業用途で利用されています。アンモニアは水素のキャリア（運搬媒体）として、より効率的かつ低コストの輸送と貯蔵を可能にします。加えて、アンモニアには炭素が含まれていないため、燃焼してもCO₂を排出しない脱炭素燃料として発電に直接利用することができ、電力部門のCO₂排出削減への貢献が期待されています。（注：炭素を含まない燃料で運転される場合でも、大気中のCO₂濃度に基づき、空気を利用する燃焼では微量の二酸化炭素が排出されます。）
• © 2026 GE Vernova and/or its affiliates. All rights reserved. GE およびGEモノグラムは，商標ライセンスに基づいて使用されるGeneral Electric Companyの商標です。

【将来の見通しに関する記述】

本プレスリリースには、将来の見通しに関する記述（フォワードルッキング・ステートメント）が含まれています。これらは将来の出来事に関する記述であり、その性質上、さまざまな程度で不確実な事柄を扱っています。これらの記述は、GEベルノバおよびIHIの将来予想される事業や財務の業績、財務状況、製品の性能見通し、提供するサービスおよびそれによって生み出される結果などに関する見通しが含まれる場合があります。一般に、「期待する」「予想する」「意図する」「計画する」「信じる」「模索する」「見込む」「推定する」「予測する」「目標」「暫定」「範囲」などの表現が用いられている場合、将来の見通しに関する記述である可能性があります。

将来の見通しに関する記述は、その性質上、計画中または検討中の取引、投資、プロジェクトおよびそれらの成果に関する見通し、ならびにマクロ経済および市場環境の変化や変動が、両社の事業運営、業績、財務状況、さらにグローバル・サプライチェーンや世界経済に及ぼす影響など、さまざまな不確実性を伴う事項を含んでいます。

■IHIについて

IHIは、お客さまの新しい価値を生み出すバリューチェーンを創造する企業です。1853年創設の日本初の近代的造船所を起源とし、造船技術をもとに陸上機械、橋梁、プラント、航空エンジンなどに事業を拡大。近年は、資源・エネルギー、社会インフラ、産業機械、航空・宇宙の４つの事業分野を中心に幅広いソリューションを提供しています。発電分野においては、火力発電所向けにボイラやガスタービンなどを製造しており、現在は、脱炭素社会の実現に向けて、アンモニア燃焼技術の開発や、カーボンフリーな燃料アンモニアサプライチェーン構築を推進しています。詳しくは、IHIのウェブサイト およびLinkedIn をご覧ください。

■GEベルノバについて

GEベルノバ（GE Vernova Inc.、NYSE: GEV）は、電力（Power）、風力発電（Wind）、送配電（Electrification）の3つの事業セグメントと、それらを支えるアクセラレータービジネスで構成されるグローバルエネルギー企業です。130年以上にわたり世界の課題解決に取り組んできた経験を基盤に、世界の電化を推進すると同時に脱炭素化にも取り組むことで、エネルギー転換をリードする独自のポジションを築いています。

GEベルノバは、各国の経済活動を支えるとともに、健康・安全・セキュリティ、そして人々の生活の質の向上に不可欠な電力の供給を、お客さまとともに実現しています。本社は米国マサチューセッツ州ケンブリッジにあり、世界100カ国以上で85,000人以上の従業員が事業を展開しています。パーパスである「The Energy to Change the World」のもと、GEベルノバの技術は、より手頃で信頼性が高く、持続可能で安全なエネルギーの未来の実現に貢献しています。詳しくは、GEベルノバのウェブサイトおよび LinkedIn をご覧ください。

GEベルノバのガス発電事業（Gas Power）は、高効率な天然ガス発電技術およびサービスに加え、脱炭素ソリューションの開発を通じて、より低炭素な電力システムの実現を支援しています。同事業はガスタービンおよび発電所技術・サービスの分野における世界的リーダーであり、業界最大の導入実績（installed base）を有しています。

TOKYO, JAPAN – ATLANTA, GA (March 18, 2026) – IHI Corporation (IHI) and GE Vernova Inc. (NYSE: GEV) announced today that they have successfully tested 100% ammonia combustion for GE Vernova’s F‑class gas turbines. Emission levels achieved during the test align with the companies’ development roadmap towards the goal of a 100% ammonia-fired gas turbine, with the aim of achieving commercial deployment by 2030.

“An essential piece of the ammonia value chain is now coming into place,” said Noriaki Ozawa, IHI Managing Executive Officer and President of Resource, Energy & Environment Business Area. “Since the signing of the joint development agreement in 2024, the collaboration between our two companies has gained strong momentum, with the efforts of both teams now bearing fruit. The successful achievement of 100% ammonia combustion in a full-scale F-class gas turbine marks a major milestone and helps reinforce the decarbonization roadmap envisioned by our customers in the power sector.”

The demonstration was conducted at IHI’s purpose-built test facility, engineered to replicate GE Vernova’s F-class gas turbine operating conditions.

“The successful demonstration of running an F‑class gas turbine on 100% ammonia fuel marks a pivotal step in our journey toward a lower‑carbon energy future,” said Jeremee Wetherby, GE Vernova’s Carbon Solutions leader. “This achievement reinforces our development roadmap and underscores the strength of our collaboration with IHI. We see significant potential for ammonia as a carbon‑free combustion fuel and are energized to continue working together to help unlock its role in advancing global decarbonization.”

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Notes to editors

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

Ammonia is utilized today in industrial applications such as the production of fertilizer.  When used as a carrier for hydrogen, ammonia enables a more efficient and lower-cost pathway for transport and storage. In addition, ammonia is expected to be utilized directly in power generation as a carbon-free fuel, since ammonia contains no carbon, it does not emit carbon dioxide when burned and may therefore enhance the power sector’s efforts in reducing carbon emissions. (Note:  any air-based combustion, even if operating on a carbon free fuel, will emit a trace amount of carbon dioxide based on the concentration of CO₂ in the atmosphere.)

About IHI

IHI is dedicated to creating Value Chains that generate new value for customers, originating from the establishment of Japan’s first modern shipyard in 1853. It leveraged its shipbuilding technology to expand into onshore machinery, bridge, plant, aero-engine, and other manufacturing fields. IHI has provided an array of solutions in recent years. These are principally in the Resource, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense business segments. In power generation, the Company manufactures boilers and gas turbines for thermal power plants. It is developing technology for ammonia firing and is constructing carbon-free fuel ammonia supply chain to help decarbonize the economy. Click below for more information about IHI.

https://www.ihi.co.jp/en/

Media inquiries

Yusuke Saito
Corporate Communication Division,
IHI Corporation
saito4137@ihi-g.com

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

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

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

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

Momentum around the BWRX-300 continues to build globally. The first BWRX-300 is under construction at Ontario Power Generation’s Darlington site in Canada, with completion expected by the end of the decade, which will make it the first small modular reactor in the Western world. Key components like the reactor pressure vessel are being manufactured, and site construction is progressing according to plan. A total of four SMRs are planned for the site. The U.S. Nuclear Regulatory Commission has accepted and is reviewing Tennessee Valley Authority’s (TVA) application to construct the first BWRX-300 in the U.S. at the utility’s Clinch River site in Oak Ridge, Tennessee. These developments, and others, underscore the momentum of the BWRX-300 as GE Vernova and Hitachi build on more than half a century of experience in the nuclear industry, combining their proven technologies and deep expertise to scale and deploy SMRs commercially to customers around the globe.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 85,000 employees across approximately 100 countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.

About Hitachi

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

Forward-Looking Statements

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

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