The term “energy transition” might conjure up an image of steady technological change, with grids gradually replacing carbon-emitting fossil fuel plants with more sustainable renewables. But this narrative of a straight swap only tells half of the story. The other part of the energy transition phenomenon is the expansion of energy demand, on a massive scale.

SANTIAGO, CHILE (12 de julio de 2024) – GE Vernova Inc. (NYSE: GEV) anunció hoy que ha conseguido un pedido con Transelec Holdings Rentas Ltd, proveedor líder de sistemas de alta tensión en Chile, para suministrar condensadores síncronos y subestaciones de alta tensión para los proyectos Ana María y Monte Mina en el norte de Chile. Estos dos proyectos formaban parte de una licitación para el "Control de Tensión por Aporte de Corriente de Cortocircuito", que integra el plan del Gobierno chileno para apoyar la transición energética y la descarbonización del país.

Un condensador síncrono es un gran generador rotativo que mejora la regulación de la tensión y proporciona seguridad energética, y apoyo y estabilización a la red. Dado que la generación de energía eólica y solar está aumentando en la zona norte de Chile, los condensadores síncronos serán fundamentales para permitir la incorporación de más energía renovable a la red, proporcionando inercia y ayudando a evitar el riesgo de apagones.

Con estos proyectos, el negocio Hydro Power de GE Vernova suministrará dos condensadores síncronos para el proyecto Ana María y otros dos para el proyecto Monte Mina. El alcance de los trabajos también incluye la ingeniería, los auxiliares eléctricos y mecánicos, el sistema de control, el sistema de protección, la supervisión de montaje en obra y la puesta en marcha. Adicionalmente, la división Grid Solutions de GE Vernova suministrará la subestación de alta tensión de 220 kV, que incluye ingeniería eléctrica, transformadores, GIS (Gas Insulated Substation), sistema de protección y control (solución digital), pruebas y puesta en marcha para conectar la isla de condensadores síncronos con los sistemas de transmisión. Se prevé que la operación comercial de la extensión del proyecto comience en 2027.

“GE Vernova se ha comprometido a ayudar a acelerar la transición energética en América Latina desde hace mucho tiempo y creemos que el condensador síncrono es una tecnología clave para ayudar con los desafíos de la red", dijo Frederic Ribieras, CEO de Hydro Power, GE Vernova.  “GE Vernova tiene una gran experiencia y base instalada para este condensador síncrono, que tiene similitudes con la ingeniería de un generador hidroeléctrico. Además, tenemos la capacidad de fabricación y el conocimiento para producirlo en nuestra fábrica de Taubaté, Brasil”.

En los últimos siete años, GE Vernova también ha suministrado siete condensadores síncronos en Brasil. Este pedido en Chile sigue a un proyecto similar que la empresa acaba de anunciar en Estados Unidos, donde se suministrarán cuatro condensadores síncronos para ayudar a mejorar la estabilidad de la red en el norte del estado de Nueva York.

"La cartera de alta tensión de GE Vernova y los sistemas flexibles de transmisión de corriente alterna son clave para aprovechar la transición energética, facilitando la expansión y modernización de la red", dijo Johan Bindele, jefe de Integración de Sistemas de Red en el negocio de Soluciones de Red de GE Vernova.  "Como un actor confiable con presencia en Chile de casi un siglo, GE Vernova es un actor activo en el plan de transición energética determinado para la región, con una amplia cartera de soluciones avanzadas”.

GE Vernova mantiene un alcance global y la escala necesaria para liderar la transición energética hacia un futuro electrificado y descarbonizado. En América Latina, con aproximadamente 6.600 empleados trabajando en toda la región, GE Vernova está al servicio de sus clientes proporcionando soluciones, como las suministradas a Transelec en Chile, para crear un sistema de energía eléctrica más fiable y sostenible, apuntalando el progreso y la prosperidad de las comunidades donde operamos.

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Sobre GE Vernova
GE Vernova es una empresa global de energía planificada y construida a propósito que incluye los negocios de Energía, Eólica y Electrificación y cuenta con el apoyo de sus negocios aceleradores. Sobre la base de más de 130 años de experiencia abordando los desafíos del mundo, GE Vernova está en una posición única para ayudar a liderar la transición energética mediante la continuación de la electrificación del mundo mientras se trabaja simultáneamente para descarbonizarlo. GE Vernova ayuda a sus clientes a alimentar las economías y suministrar electricidad que es vital para la salud, la seguridad y la mejora de la calidad de vida. GE Vernova tiene su sede en Cambridge, Massachusetts, EE.UU., con aproximadamente 75.000 empleados en más de 100 países de todo el mundo.

La división Hydro Power de GE Vernova produce tecnologías avanzadas que aprovechan el poder del agua para ayudar a suministrar energía fiable a algunas de las mayores economías y comunidades remotas del mundo. El negocio Grid Solutions de GE Vernova electrifica el mundo con tecnologías y sistemas de red avanzados, permitiendo la transmisión y distribución de energía desde el punto de generación hasta el punto de consumo, y apoyando una transición energética descarbonizada y segura.

La misión de GE Vernova está incrustada en su nombre: conserva su legado, "GE", como distintivo perdurable y duramente ganado de calidad e ingenio. "Ver" / "verde" alude a los ecosistemas verdes y exuberantes de la Tierra. "Nova", del latín "novus", alude a una nueva e innovadora era de energía con menos emisiones de carbono. Con el apoyo del propósito de la empresa, La energía para cambiar el mundo, GE Vernova contribuirá a ofrecer un futuro energético más asequible, fiable, sostenible y seguro.

Más información:  GE Vernova y LinkedIn.

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Bernard Dagher, who heads up growth and strategy for the Middle East and Africa (MEA) at GE Vernova’s Grid Solutions business, often reminds people why there are almost no landlines in Africa. As the story goes, cell phones arrived on the vast continent before it had strung up the thousands of miles of telephone wires needed for landlines.

Dammam, SAUDI ARABIA (June 24, 2024): GE Vernova, Inc. (“GE Vernova”) (NYSE: GEV) today announced it has secured an order for six 7HA.03 gas turbines and two 7E.03 gas turbines from the engineering, procurement, and construction (EPC) company SEPCOIII Electric Power Construction Co., Ltd. (SEPCOIII), for two new power plants: Taiba 1 located in the western region of Saudi Arabia, around 100 km southeast of Madinah city, and Qassim 1 located in the central region around 30 km southeast of Buraydah city. This equipment order was booked in March 2024 and reflected in the company’s first quarter earnings announcement. In addition to the equipment order, GE Vernova today also announced the signature of a 21-year service agreement to support plant operations with Riyadh-headquartered ACWA Power’s wholly owned subsidiary, National Operations & Maintenance Company (NOMAC).

The projects are aligned to Saudi Arabia’s goals to generate about half its electricity from renewable energy sources and half from gas by 2030, paving the way to net-zero greenhouse gas (GHG) emissions by 2060.

Taiba 1 and Qassim 1 plants, to be powered by GE Vernova’s most advanced gas turbines, are expected to deliver up to 3.8 gigawatts (GW) of electricity to the grid in total, a capacity equivalent to what would be needed to power the energy needs of approximately 1.2 million homes in Saudi Arabia. Expected to be completed in 2027, they are anticipated to be among the most efficient power plants in the Kingdom and can be configured with post-combustion carbon capture systems to significantly reduce carbon dioxide emissions. In addition, 7HA.03 gas turbines currently have the capability to burn up to 50% by volume of hydrogen when blended with natural gas.

“The development of Taiba 1 and Qassim 1 plants is a very ambitious project, and we are proud to support it,” said a spokesperson of SEPCOIII. “We are also excited to work with GE Vernova to evaluate how carbon capture solutions could potentially be integrated with these gas power plants to help lower emissions. We expect to see increased longer term demand for gas plants integrated with carbon capture technologies, which is key to reducing emissions from fossil fuels and helping fight climate change.”

GE Vernova has contributed to the development of the Kingdom’s energy infrastructure for almost 90 years, supporting economic diversification, localization, high value exports, and talent development efforts and still does so today in support of Saudi Vision 2030. Today, the company employs approximately 580 people in Saudi Arabia. GE Vernova’s investments in the Kingdom include the GE Manufacturing and Technology Center (GEMTEC) campus in Dammam, which encompasses a Service and Repairs Center for gas turbines, the GE MENA Decarbonization Center of Excellence, a Monitoring & Diagnostics Center for the remote monitoring of power generation assets, as well as GE Saudi Advanced Turbines (GESAT), a joint investment with Dussur for gas turbines and components in Saudi Arabia. Four of the H-class gas turbines equipping the plants are planned to be rolled out from GESAT, making them the first 7HA.03 units to be completed locally in the Kingdom.

“This project, which marks our largest single order for 7HA.03 gas turbines to date in the region, is expected to open up a new chapter for gas power generation in Saudi Arabia,” said Joseph Anis, President & CEO of GE Vernova's Gas Power business in Europe, Middle East & Africa. “As an innovation leader in the path towards decarbonization, we are proud of developing our first 7HA.03 project at GESAT and boosting the localization of the gas turbines industry in Saudi Arabia, in alignment with the Kingdom’s goals for more diversified and sustainable economic growth. We are delighted to team with SEPCOIII and ACWA Power’s NOMAC to deploy our most advanced power generation technologies, services, and proven expertise in natural gas combined cycle plant engineering, operability, and plant integration, to support the transition to a lower-carbon energy future.”

Under the 21-year service contract signed with NOMAC, GE Vernova plans to deliver maintenance and repairs, supply of parts. In addition, GE Vernova’s Monitoring & Diagnostics Center is expected to oversee the real-time operating conditions and provide remote diagnostics tools using digital analytics technology.

“We have developed a productive and successful role-model relationship with GE Vernova that will enable our collective organizations to deliver meaningful innovation and energy contributions to the Kingdom of Saudi Arabia,” said Marco Arcelli, ACWA Power CEO. “With today’s signing of this contract, we mark not only a milestone in our cooperation but pave the way to future collaborations for the safer, more reliable, and more sustainable production of electricity in the Kingdom.”

GE Vernova spun-off from GE (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines, GE Vernova's technology base helps generate about 25% of the world's electricity and has a meaningful role to play in the energy transition in Saudi Arabia and around the globe.

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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 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 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. 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.

Kentucky’s Mill Creek Generating Station sits on more than 500 acres along the Ohio River, about 20 miles south of Louisville. For generations, the river has been the region’s lifeblood, transporting millions of tons of coal to Mill Creek and dozens of other power plants lining its banks, from Pennsylvania to Illinois.

The sheer spectacle of Niagara Falls, spanning the border between Ontario, Canada, and New York State, on the U.S. side, has thrilled sightseers for centuries.

• Contract signed with ST Engineering Marine Limited to supply GE Vernova’s Ship’s Electric Grid for use on the Republic of Singapore Navy’s six new Multi-Role Combat Vessels (MRCVs)
• GE Vernova’s Ship’s Electric Grid manages and distributes electric power throughout the ship and includes its energy-efficient Integrated Full Electric Propulsion (IFEP) system
• The MRCVs will be the Republic of Singapore Navy’s first IFEP-powered vessels

United Kingdom: March 18, 2024 - GE Vernova’s Power Conversion business has been awarded a contract by Singapore shipbuilder ST Engineering Marine Limited to supply its Ship’s Electric Grid with Integrated Full Electric Propulsion (IFEP) equipment for the Republic of Singapore Navy’s six-ship Multi-Role Combat Vessel (MRCV) program.

The six MRCVs will be the first IFEP-powered vessels for the Republic of Singapore Navy (RSN) and will replace its fleet of mechanical drive Victory-class missile corvettes, which have been in service since 1989. Delivery of the electric propulsion systems for the new ships is planned over the next 10 years.

GE Vernova’s Ship’s Electric Grid delivers the electrical power required by the ship’s propulsion, and energizes its operational and mission systems, such as radar and communications. With the ability to share electric power to any load on the ship’s power network, the system is more energy-efficient and cost-effective to operate than a conventional mechanical drive configuration.

GE Vernova’s Ship’s Electric Grid includes all generators, medium-voltage switchboards, transformers, propulsion variable frequency drives (VFDs), electric propulsion motors, thruster motors, soft starters, a shore power connection, power management system (PMS), and the propulsion control system (PCS).

The modular platform design of the RSN’s new MRCVs allows for different naval missions requiring electric power. This includes the ability to host unmanned air and surface vehicles, which will expand the area of each vessel’s surveillance capability.

Andy Cooper, General Manager at GE Vernova’s Power Conversion UK business, said: “Power Conversion is pleased to equip the RSN’s new MRCVs with electric power. Like so many other navies around the world, the RSN is adopting an electric ship configuration as an enabler for increased levels of power and energy-efficiency. Being equipped with an electric grid allows a ship the ability to share every bit of available power throughout the vessel, strengthening its energy surety and even helping to reduce greenhouse gas emissions”.

With deep expertise in marine and naval performance requirements, GE Vernova’s Power Conversion UK center of excellence (COE) will be responsible for the design, systems engineering, manufacturing and testing of the equipment. The execution of the project will be supported by the Power Conversion Asia team based in Singapore, who will oversee project engineering, project management, commissioning and sea trials.

GE Vernova’s Power Conversion business powers the majority of the UK Royal Navy’s large vessel fleet, including Queen Elizabeth Class, Type 45 and Type 26 vessels, as well as many other global naval programs.

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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 Power Conversion business provides energy conversion technologies, systems, and services across the power and energy-intensive industries, driving the electric transformation of the world’s energy and industrial infrastructure.

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.

Representatives from SaskPower and GE Vernova’s Nuclear business, GE Hitachi (GEH), met in Regina to sign an important agreement to advance small modular reactor (SMR) development in Saskatchewan.

The agreement will enable SaskPower and GEH to collaborate on project planning and facilitate the sharing of expertise related to the design, fuel sourcing and fabrication for the BWRX-300 small modular reactor. It will also support workforce and supply chain planning needed for a Saskatchewan-based SMR deployment. 

• At COP28 held on the December 2nd, SK E&S signed a 'Global MOU for the construction of the largest low-carbon hydrogen plant in Korea' with its global partners and local government.
• The event, jointly hosted by the Korea's Presidential Commission on Carbon Neutrality and Green Growth, discussed successful strategies for the establishment of a low-carbon hydrogen project in Korea with GE Vernova, Air Liquide Engineering & Construction, Chungcheongnam-do*, Korea Midland Power.

The Emirates Nuclear Energy Corporation (ENEC) has signed a Memorandum of Understanding (MoU) with GE Hitachi Nuclear Energy (GE Hitachi). The MoU will identify opportunities for future investment in Small Modular Reactor (SMR) technology development to further consolidate the UAE’s position as a pioneering leader in nuclear innovation, and nuclear energy technology deployment globally.