Data centers, those serried racks of servers, storage devices, and network hardware that keep the internet humming, are dominating the conversation about future energy demand.

DUBLIN, IRELAND (September 8, 2025) – Electricity Supply Board (ESB) of Ireland and GE Vernova (NYSE: GEV) have announced a major life extension and modernization project for the Dublin Bay power plant, aimed at enhancing performance, reliability, increasing output, and supporting Ireland’s energy transition goals in line with ESB’s Net Zero by 2040 carbon emissions strategy.

Under a new contractual service agreement, GE Vernova will implement its GT26 High Efficiency (HE) upgrade along with its SEMIPOL^TM technology for Static Excitation Equipment (SEE) and Startup Frequency Converter (SFC). This life extension project is expected to be completed in 2026.

Commissioned in 2002, the Dublin Bay facility currently generates up to 415 Megawatts (MW) using a single -shaft GT26 gas turbine.

The major life extension project is expected to deliver:

·       Up to 30 MW of additional power, which is the power needed to supply the equivalent of approximately approximately 30,000 Irish homes annually

·       Efficiency gains of up to 1.8% at baseload, leading to 5% carbon dioxide (CO2) reduction

·       Improved grid stability through advanced excitation and frequency conversion systems

·       Lower carbon intensity, supporting ESB’s decarbonization strategy and enabling future use of hydrogen fuel blends.

“Although Dublin Bay is already one of our most efficient plants, we saw an opportunity in having an even more important role in delivering our Net Zero carbon emissions strategy by further enhancing its performance, reliability and sustainability.” said Arkadiusz Galant, Dublin Stations Manager, ESB. “Our life extension project in 2026 will help us to deliver more power allowing us to provide electricity for Irish households over the next decade while being more efficient with lower emissions and enabling possible future hydrogen blends.”

“This project builds on our long-standing partnership with ESB,” said Joseph Anis, President and CEO of GE Vernova's Gas Power business in Europe, Middle East, and Africa “The GT26 HE upgrade and SEMIPOL™ technologies will not only increase output and efficiency but also provide the flexibility and reliability needed to support Ireland’s evolving energy landscape.”

About the GT26 HE Upgrade
Introduced in 2019 to support the utilization and competitiveness of the GT26 gas turbine, this upgrade integrates advanced technology from GE Vernova’s F and H class fleets, including additive manufactured parts and innovations in aerodynamics, materials and combustion. The performance improvement that the HE solution can deliver is attributable to technology breakthroughs across every major component of the GT26 gas turbine - turbine, compressor and combustor - that helps decrease fuel costs while increasing full-load output and extend maintenance intervals.

Located mostly in Europe, Middle East, Latin America and Asia, the GT26 gas turbine fleet of more than 100 units delivers an approximate total of 37 gigawatt of power capacity and can combust up to 40 percent of hydrogen with natural gas.

About SEMIPOL™ Static Excitation and Startup frequency converter technology
The Power Conversion & Storage business works with customers in utilities and industries that benefit from power stability solutions.  The combination of SEMIPOL™ SEE and SFC conversion systems are crucial for generator startups in gas power plants, synchronizing the generator on the grid, and managing the effects of grid power and frequency variation. This allows for smooth startups and helps to reduce mechanical stress, extend equipment life, and lower maintenance cost.  It has an installed base of over 1,000 SEE & SFC systems.

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Notes to editors

Financial Editors:  Please note this order was booked in the first quarter of 2025.

To learn more on the upgrade: https://vernova.is/4gjsCjI

About ESB
ESB was established in 1927 as a statutory body under the Electricity (Supply) Act, 1927. With a holding of 97.1%, ESB is majority owned by the Irish Government. The remaining 2.9% is held by the trustees of an Employee Share Ownership Plan. As a strong, diversified utility, ESB operates across the electricity market, from generation through transmission and distribution, to supply of customers in addition to using our networks to carry fibre for telecommunications. ESB is the leading Irish utility with a regulated asset base of approximately €14 billion (comprising ESB Networks €11bn and NIE Networks €3bn), a 25% share of generation in the all-island market and retail businesses supplying electricity and gas to almost 1.9 million customer accounts throughout the island of Ireland and Great Britain. During the year ended 31 December 2024, ESB Group employed an average of 9,600 people. 
Visit esb.ie to learn more about ESB.

In Lahore, Pakistan, there is a seven-year-old girl with an amateur interest in gas turbine maintenance. Over the past few months, Waqas Ahmad, a senior customer portfolio manager at GE Vernova, has given his curious daughter a layman’s introduction to heavy-duty turbine inspections.

BROSSARD, CANADA (26 aout 2025) – GE Vernova Inc. (NYSE: GEV) a annoncé aujourd'hui un plan d'investissement de 22,2 millions de dollars canadiens dans ses usines du Québec, pour ses sites de production d'hydroélectricité à Sorel-Tracy et de réseau à La Prairie.

Les besoins énergétiques du Canada devraient doubler d'ici 2050. Au Québec, les projections de la demande indiquent une augmentation allant jusqu'à 35 % d'ici 2035. À cet égard, le Québec prévoit des investissements de 150 milliards de dollars — faisant partie du plan d'action 2035 d'Hydro-Québec d'environ 200 milliards de dollars — pour moderniser le réseau, augmenter la capacité hydroélectrique et éolienne, et moderniser les infrastructures.* Dans ce contexte, GE Vernova augmente la capacité de ses installations au Québec pour répondre aux besoins croissants des clients, améliorer la résilience énergétique et assurer la sécurité énergétique à long terme.

Capacité accrue pour l'hydroélectricité

GE Vernova investit 16,2 millions de dollars canadiens pour augmenter la capacité de son usine de fabrication de composants hydroélectriques à Sorel-Tracy. L’investissement de l’entreprise est soutenu par un prêt gouvernemental pouvant atteindre 2,5 M CAD. L’expansion comprend l’agrandissement de la superficie du site d'environ 20 % et l'installation d'un nouvel équipement destinée à la fabrication de composants de grande dimension. Dans le cadre de cette expansion, 28 nouveaux emplois attendus, en plus des 75 emplois qui sont consolidés.

L'installation de Sorel-Tracy est un centre de production de turbines, appuyant des projets hydroélectriques à travers le Canada et dans le monde entier. Avec près de soixante-dix ans d'expertise — remontant à 1957 — le site se concentre désormais sur des composants voués à la modernisation des infrastructures hydroélectriques, contribuant à accélérer la transition énergétique. L'activité Hydro Power de GE Vernova compte aujourd'hui près de cinq cents employés au Canada, dont près de cent à Sorel-Tracy.

L'agrandissement de Sorel-Tracy permettra à GE Vernova de répondre à la forte demande en hydroélectricité, notamment pour les projets de modernisation au Canada. L'hydroélectricité fournit environ 60 % de l'électricité du Canada, mais l'âge moyen des centrales hydroélectriques est de 53 ans. La modernisation de cette flotte sera essentielle pour répondre à la demande croissante avec une énergie plus propre et plus fiable.

“Pour exécuter efficacement ces projets dans une industrie à capacité limitée, GE Vernova a établi une entente de collaboration à long terme avec divers propriétaires d'actifs hydroélectriques, ce qui permettra un engagement précoce et une collaboration étroite entre les entreprises, offrant la visibilité à long terme nécessaire pour planifier, concevoir et sécuriser la chaîne d'approvisionnement des projets. Le carnet de commandes attendu lié à ces accords nécessite l'expansion du site de Sorel-Tracy.” explique Frederic Ribieras, CEO de l’entité Hydro Power de GE Vernova.

GE Vernova et Ontario Power Generation (OPG) ont signé un accord de 15 ans donnant à GE Vernova l'exclusivité pour moderniser jusqu'à 25 unités dans les centrales hydroélectriques d'OPG dans la région de Niagara. Les turbines dédiées à ces projets seront fabriquées à Sorel-Tracy.

Investissements dans la protection du réseau

GE Vernova investit plus de 6 millions de dollars canadiens pour augmenter les capacités de son installation à La Prairie, qui se spécialise dans les équipements haute tension pour la transmission d'énergie, afin de mieux servir le marché nord-américain. Cette expansion intervient alors que l'installation célèbre 60 ans d'innovation continue et d'évolution, soulignant son engagement de longue date à s'adapter aux besoins changeants des clients.

La sécurisation de l'avenir énergétique du Canada dépend de la modernisation significative du réseau électrique national, et cette expansion jouera un rôle essentiel dans cet effort. Les capacités améliorées permettront notamment à Hydro-Québec, un client clé, de faire avancer son ambitieux plan d'action en répondant à la demande croissante de disjoncteurs à réservoir mort — des composants essentiels pour assurer la fiabilité et la résilience du réseau.

Heather Chalmers, CEO Canada, GE Vernova, a dit : “Notre technologie fournit près de 40 % de l'électricité du Canada et ces investissements représentent notre engagement à sécuriser l'avenir énergétique du Canada et à aider nos clients à répondre au doublement de la demande tout en accélérant l'innovation et le développement technologique canadien.”

Les plans de GE Vernova ont été dévoilés lors d'une cérémonie d'inauguration à Sorel-Tracy, en présence de Carlos Leitão, Secrétaire parlementaire de la ministre de l’Industrie pour les régions du Québec, Jean-Bernard Émond, Député de Richelieu, Patrick Péloquin, maire de Sorel-Tracy, et Hubert Bolduc, Président d’Investissement Québec International.

« À travers le monde, GE Vernova est un acteur majeur de la transition énergétique en cours. Grâce à l’accroissement de ses activités à Sorel-Tracy, son projet l’amènera à répondre à la forte demande en hydroélectricité, notamment pour les projets de modernisation au Canada, au bénéfice de l’économie chez nous, dans Richelieu. Je félicite toute l’équipe pour son excellent travail et pour sa détermination à faire de GE Vernova une entreprise prospère de la Montérégie! » Jean-Bernard Émond, député de Richelieu

« Sorel-Tracy occupe une place stratégique dans l’industrie hydroélectrique. C’est à Sorel-Tracy que de nombreuses turbines des grands barrages québécois d’Hydro-Québec ont été construites au 20e siècle. Et des décennies plus tard, c’est à Sorel-Tracy que les grandes turbines québécoises et canadiennes seront modernisées grâce à notre expertise locale reconnue partout dans le monde! Quelle excellente nouvelle! Cet investissement de GE Vernova aura des répercussions positives pour plusieurs entreprises soreloises spécialisées en production de pièces pour le marché de l’hydroélectricité. » Patrick Péloquin, maire de Sorel-Tracy

Au Canada, l'équipe de GE Vernova, composée de plus de 2 400 employés talentueux et soutenue par un héritage de plus de 130 ans, apporte des changements significatifs en soutenant nos clients d'un océan à l'autre avec des solutions de production, transmission, conversion, stockage et orchestration de l'énergie.

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Notes à l’intention des rédacteurs

L’investissement de 16,2 M CAD dans l’installation de Sorel-Tracy représente le montant total investi par GE Vernova pour l’agrandissement du site sur une période de trois ans, entre 2024 et 2026. L’investissement de l’entreprise est soutenu par un prêt gouvernemental pouvant atteindre 2,5 M CAD, dont 1,5 M CAD lié à l’agrandissement de l’usine et à de nouvelles machines de fabrication à grande échelle.

*Selon les projections d’Hydro-Québec et du gouvernement du Québec.

SOREL-TRACY, Canada (August 27, 2025) – GE Vernova Inc. (NYSE: GEV) announced today a plan to invest 22.2M CAD in Quebec factories, for its hydropower Sorel-Tracy and grid La Prairie sites.

With Canada’s energy needs forecasted to double by 2050, and Quebec projecting a demand increase of up to 35% by 2035, the province is moving forward with a $150 billion capital expansion—part of Hydro-Québec’s approximately $200 billion 2035 Action Plan—to upgrade the grid, expand hydropower and wind power capacity, and modernize infrastructures*. In light of this, GE Vernova is expanding its Quebec facilities to meet soaring customer needs, enhance energy resilience, and ensure long-term energy security.

Increased capacity for hydropower

GE Vernova is investing 16.2M CAD to expand capacity at its hydropower manufacturing facility in Sorel-Tracy. The company’s investment is supported by a government loan of up to 2.5M CAD. The expansion includes extending the site square meters by about 20% and installing new equipment meant for large-scale component manufacturing. As part of this expansion, 28 new jobs are expected, in addition to the 75 jobs that are being maintained.

The Sorel-Tracy facility is a hub for advanced turbine production, powering hydropower projects across Canada and around the world. With nearly seventy years of expertise—dating back to 1957—the site now focuses on modernizing critical hydropower infrastructure, helping drive the next generation of sustainable energy. GE Vernova’s Hydro Power business counts almost five hundred employees in Canada today, with almost a hundred in Sorel-Tracy.

The expansion of Sorel Tracy will allow GE Vernova to meet the strong demand for hydropower, especially for modernization projects in Canada. Hydropower supplies around 60% of Canada’s electricity, but the average age of hydropower plants is 53 years old. Modernizing this fleet will be essential to meet the growing demand with sustainable and reliable power.

“To effectively execute on these projects, in a capacity-constrained industry, GE Vernova has established long-term collaboration agreement with various hydropower asset owners, that will enable early engagement and close collaboration between the companies, giving the long-term visibility needed to plan, design, and secure the supply chain for the projects. The expected backlog related to these agreements require the expansion of the Sorel Tracy site.” said Frederic Ribieras, CEO for the Hydro Power business at GE Vernova.

GE Vernova and Ontario Power Generation (OPG) signed a 15-year Framework agreement giving GE Vernova exclusivity to modernize up to 25 units at OPG’s hydropower stations in the Niagara region. The turbines for these projects will be manufactured in Sorel-Tracy.

Investments in grid protection

GE Vernova is investing over 6M CAD to expand capabilities at its La Prairie facility, which specializes in high-voltage equipment for power transmission, to better serve the North American market. This expansion comes as the facility celebrates 60 years of continuous innovation and evolution, underscoring its long-standing commitment to adapting to customers changing needs.

Securing Canada’s energy future depends on significantly modernizing the nation’s power grid, and this expansion will play a critical role in that effort. The enhanced capabilities will notably enable key customer Hydro-Québec to advance its ambitious Action Plan by meeting the growing demand for dead tank circuit breakers—essential components for ensuring grid reliability and resilience.

Heather Chalmers, CEO Canada, GE Vernova, said: “Our technology provides close to 40% of Canada’s electricity and these investments represent our commitment to securing Canada’s energy future and helping our customers meet the doubling of demand while accelerating Canadian innovation and technology development.”

These plans were unveiled at a groundbreaking ceremony in Sorel Tracy, with the presence of Carlos Leitão, Parliamentary Secretary to the Minister of Industry for the regions of Quebec, Jean-Bernard Émond, Member of the National Assembly for Richelieu, Patrick Péloquin, Mayor of Sorel-Tracy, and Hubert Bolduc, Président of Investissement Québec International.

“GE Vernova is a major player in the ongoing energy transition around the world. With growing operations in Sorel-Tracy, the company’s project will be able to meet strong demand for hydroelectric power, particularly for modernization projects in Canada, benefiting the local economy here in Richelieu. Congratulations to the entire team for its outstanding work and its determination to make GE Vernova a successful business in the Montérégie region!” Jean-Bernard Émond, Member of the National Assembly for Richelieu

"Sorel-Tracy occupies a strategic position in the hydroelectric industry. It was in Sorel-Tracy that many of the turbines for Hydro-Québec’s major dams were built in the 20th century. And decades later, it will be in Sorel-Tracy that the large Quebec and Canadian turbines will be modernized thanks to our local expertise recognized around the world! What excellent news! This investment by GE Vernova will have positive impacts for several Sorel-based companies specializing in the production of parts for the hydroelectric market." – Patrick Péloquin, Mayor of Sorel-Tracy

In Canada, GE Vernova’s team of over 2,400 talented employees, backed by a legacy spanning more than 130 years, is driving meaningful change by supporting our customers from coast to coast to coast with power generation, transmission, conversion, storage, and orchestration solutions. 

Notes to editors

The 16.2M CAD investment of the Sorel Tracy facility represents the total amount invested by GE Vernova for the site expansion over 3 years, between 2024 and 2026. The company’s investment is supported by a government loan of up to 2.5M CAD, of which 1.5M CAD is tied to the expansion of the mechanical workshop and to new large-scale manufacturing machinery.

*According to Hydro-Québec’s and the government of Quebec’s projections.

WILMINGTON, North Carolina (August 21, 2025) – The GE Vernova Hitachi Nuclear Energy (GVH) BWRX-300 small modular reactor (SMR) has been down selected by Vattenfall as it evaluates the construction of new reactors adjacent to its Ringhals plant site on the Värö Peninsula in Sweden.

“We are excited with Vattenfall’s decision, which follows a thorough evaluation process,” said Maví Zingoni, CEO, Power, GE Vernova. “As the only small modular reactor under construction in the Western world, the BWRX-300 is strongly positioned to help Sweden meet its expanding energy needs and net zero ambitions.”

“We have a long history of supporting the nuclear industry in the Nordics and are ready to be a key collaborator in Vattenfall’s new nuclear program,” said Jason Cooper, Advanced Nuclear CEO for GVH. “In addition to being available to deploy in a timeframe that makes a difference for Sweden’s plans, this technology uses licensed fuel and is designed to reduce construction and operating costs.”

Momentum around the BWRX-300 continues to build globally. Construction of the first BWRX-300 is underway at Ontario Power Generation’s (OPG) Darlington site near Toronto. A total of four units 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. OPG, TVA, Duke Energy and Synthos Green Energy in Poland are investing in the standard design of the BWRX-300. These developments support GVH’s progress and leadership in scaling and deploying SMRs commercially to customers around the globe.

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

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

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

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

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

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

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

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

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

The AI data center boom is now a big and freewheeling American business story. According to the U.S. Energy Information Administration, this quickly emerging industrial demand for power will help drive U.S. electricity generation to all-time highs not just this year but next year as well.