Puerto Rico (June 30, 2025) — GE Vernova (NYSE: GEV) announced it has secured an order for six of its LM2500XPRESS* aeroderivative gas turbine packages from the Puerto Rican Equipment Procurement and Construction company RG Engineering (RGE) to help bring fast and reliable power in Puerto Rico. The six units are expected to modernize the Puerto Rico Electric Power Authority (PREPA) power plants at Daguao, Jobos, and Yabucoa managed by the private operator Genera PR (Genera).

Puerto Rico’s energy challenges stem from natural disasters with Hurricanes Maria in 2017 and Fiona in 2022 which significantly weakened the island’s power grid. The six new units are estimated to provide approximately 244 megawatts (MW) in total with the goal to ensure a more robust energy system for the island, support possible peak summer demand and provide emergency power.

In addition, flexible and highly efficient natural gas fired plants can help Puerto Rico to increase its energy security while continuing to expand its development of renewable energy resources, including solar and wind. Under the 2019 Puerto Rico Energy Public Policy Act, Puerto Rico set an ambiton to obtain 60% of its electricity supply from renewable resources by 2040, and 100% by 2050” (EIA).

“These plants are being equipped with new, more efficient generation units, as part of a larger project to replace older, less efficient equipment,” said Winnie Irizarry, President & CEO at Genera PR.  “This renewal is part of a larger initiative to modernize Puerto Rico's power grid, focusing on improving generation capacity and reliability to ultimately strengthen electrical availability during high demand peaks and improve the quality of life for the Puerto Rican people.  With GE Vernova’s aeroderivative solutions, we can feed in electricity quickly and flexibly at the request of the transmission grid operator and thus help to stabilize the grid in the island.”

Each of GE’ Vernova’s LM2500XPRESS power packages is comprised of a GE Vernova LM2500 aeroderivative gas turbine modular package and an emissions control system.  With the capability to start in 5 minutes or even less from cold iron, these units derived from the aviation industry can perform daily starts and stops without impacting its maintenance cycles or costs and can help a better integration and compensation of renewable energy sources.

“GE Vernova is honored to support Puerto Rico with our advanced Aeroderivative gas turbine technology to modernize their electric grid while increasing its capacity to meet growing demands”, said Dave Ross, CEO of GE Vernova’s Gas Power business in the Americas region. “Our LM2500XPRESS aeroderivative gas turbines are very responsive and a great fit to help improve the reliability of PR’s electrical system while allowing the integration of additional renewable generation.  We are excited to help support Genera PR and PREPA as it makes an important contribution towards the security of the power supply in Puerto Rico.”

GE Vernova’s LM2500XPRESS

GE Vernova’s LM2500XPRESS power plant is 95 percent factory assembled into simplified modules and provides a “plug and play” concept that is ideal to bring fast power to the grid, when needed.

For plant operators who need power in just weeks, the LM2500XPRESS can be installed quickly and offers the ability to ramp up from cold iron to base load within five minutes. Its plug and play nature can provide flexible power where it is needed quickly and efficiently. It’s available in both simple and combined cycle configurations, for 50 and 60 Hz utility providers. In simple cycle configuration, it delivers up to 34 MW and achieves up to 39.5 percent of efficiency. In a combined cycle configuration, it delivers up to 47 MW with up to 54.4 percent of efficiency.

The compact LM2500XPRESS units for this project will be assembled at GE Vernova Gas Power’s Manufacturing Excellence Center in Verésegyhaz, Hungary.

END

Notes to editors

For Financial editors: this order was booked in the second quarter in 2025.

BROSSARD, CANADA (June 26, 2025) GE Vernova Inc. (NYSE: GEV) announced today that it has secured an order from Rio Tinto, one of Canada's largest private producers of hydroelectricity, for the upgrade of eight turbine-alternator units at the Isle Maligne hydropower plant in the Saguenay-Lac-Saint-Jean region of Quebec, Canada. The plant features twelve Francis hydropower units in total.

The modernization of this nearly 100-year-old hydropower plant is expected to enhance the performance of the units and their lifetime for decades to come. It will help Rio Tinto supply energy for its five low-carbon aluminum smelters facility in Saguenay – Lac-Saint-Jean.

Last year, under a previous agreement, GE Vernova modernized one generator at the Isle-Maligne plant. After that, Rio Tinto and GE Vernova made the decision to issue a more holistic approach for the modernization of the remaining eight turbine-alternator units. This larger and longer-term scope will enable early engagement and close collaboration between the two companies. It gives the visibility needed to plan, design, and secure the supply chain, providing Rio Tinto with an optimized project schedule and reduced total cost of ownership, while ensuring efficient and timely project execution. The first unit modernization in expected in 2026 and the last one by 2032.

This project is the result of the longstanding collaboration between Rio Tinto and GE Vernova, which involved work on several hydropower plants located in the province of Quebec, Canada, such as Shipshaw.

Sébastien Ross Managing Director for Atlantic Operations, Rio Tinto Aluminium said: “The Isle-Maligne hydroelectric power plant has been a strategic asset for Rio Tinto for 100 years, drawing on the expertise and dedication of multiple generations of employees and business partners. This major investment to modernise our facilities will ensure the long-term future and competitivity of our low carbon aluminium production in Quebec for decades to come for our Canadian and American customers.’’

Frederic Ribieras, Hydro Power CEO, GE Vernova, said: “This modernization project at the Isle Maligne plant is a testament of how we can achieve greater efficiency and performance without altering the core infrastructure. And, this long-term collaboration will be critical to help secure the supply chain in a capacity-constrained market, with pressure on the industry to execute on many projects.”

Canada has one of the least carbon intensive energy systems in the world, in large part thanks to hydropower, which supplies around 60% of the country’s electricity needs. However, the average age of hydropower plants in Canada is 53 years old. By 2050, electricity demand is expected to double in Canada. Modernizing its existing hydropower fleet will be essential to meet that growing demand with clean and reliable power.

In Canada, GE Vernova’s team of over 2,000 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.

END

Notes to editors

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

TORONTO (June 23, 2025) - GE Vernova Hitachi Nuclear Energy (GVH) today announced plans to establish a cutting-edge Canadian BWRX-300 Engineering and Service Centre in Durham region near the Ontario Power Generation (OPG) Darlington New Nuclear Project site.

The Company intends to invest up to $50M USD on the facility, pending further development and construction of three additional units at the Darlington New Nuclear Project site. 

The planned facility will be used to provide engineering and technical services to support the long-term operation and maintenance of the anticipated fleet of BWRX-300 small modular reactors (SMR) in Ontario. It will also serve as a hub for innovation and training, knowledge-sharing, supply chain engagement and workforce development. It is expected to draw up to 2,000 nuclear professionals, suppliers and international partners to Ontario annually, bringing significant economic benefits to the Durham region.

Plans for the engineering and service centre for the BWRX-300 SMR were announced today during an event with Ontario Minister of Energy and Mines Stephen Lecce.

“The Canadian BWRX-300 Engineering and Service Centre will bolster Ontario’s position as a nuclear leader and further cultivate Canada’s nuclear energy workforce with an industry-leading training ecosystem,” said Heather Chalmers, President & CEO, GE Vernova Canada. “This Ontario-based hub will provide the province with continued access to the best and brightest talent and innovation in the nuclear energy industry while complementing global efforts for deploying the BWRX-300.”

“Ontario is proud to lead the world in next-generation nuclear innovation, creating good-paying local jobs, training thousands of skilled workers and delivering clean, reliable power for decades to come,” said Stephen Lecce, Minister of Energy and Mines. “By locking in this investment from GE Vernova we are reinforcing our plan to make Ontario a clean energy superpower where our workers build with Canadian materials, operate with Canadian expertise and export the clean technology the world needs.”

The announcement follows the Ontario government’s approval to proceed with construction of the first of four BWRX-300s at the Darlington site, making Ontario the first jurisdiction in the G7 to approve construction of a grid-scale SMR. Construction of the first unit is scheduled to be completed by the end of the decade.

The planned engineering and service centre will include a state-of-the-art virtual reality simulator and provide training capabilities to support safe and efficient SMR refueling and maintenance evolutions. The facility will develop advanced maintenance and inspection technologies tailored to the simpler SMR units and serve as an outage planning and execution preparation center for BWRX-300 reactors.

Plans call for the engineering and service centre to be operational by the end of 2027 to support the deployment and servicing of a fleet of BWRX-300s. In addition to its nuclear business, the centre will have the capability to support other GE Vernova businesses, bringing further economic benefits to the Durham region. This centre will complement GVH’s operations in Wilmington, N.C.

TOKYO, JAPAN – CAMBRIDGE, MA (June 23, 2025) – IHI Corporation (IHI) and GE Vernova Inc. (GEV) announced today the completion of a new Large-scale Combustion Test facility (LCT) at IHI’s Aioi Works facility in Hyogo, Japan.

This facility is expected to play a crucial role in advancing the capabilities of next-generation combustion technologies using ammonia, a derivative from hydrogen, which is carbon-free, and when combusted the gas turbine would not emit any net CO₂ emissions. The new test facility is engineered to test advanced combustion systems at GE Vernova’s F-class gas turbine operating conditions, including pressure, temperature, and both air and fuel flow rates.

“This milestone marks a significant step forward in the joint technology roadmap sealed with a Joint Development Agreement in 2024 aiming to lead to a 100% ammonia capable combustion system by 2030” said Kensuke Yamamoto, IHI Executive Officer, VP of Business Development Division and GM of Ammonia Value Chain Project Department. “IHI has developed a 100% ammonia firing gas turbine IM270 (output 2MW) and will level the technology to develop large-scale combustion technology. IHI’s combustor development role lies this new flagship test facility, which will be a crucial hub for IHI’s and GE Vernova’s project. The establishment of the LCT underscores IHI’s and GE Vernova’s commitment to driving innovation in more sustainable energy solutions, with ammonia as a promising fuel for future power generation.”

Starting in the summer of 2025, IHI plans to conduct rigorous combustion tests using full scale prototype combustors operating on 100% ammonia, aiming to develop a commercially viable gas turbine by 2030. The collaboration between the two companies includes synergies across IHI ammonia combustion expertise and GE Vernova global technical teams, and shared best practices developed at GE Vernova’s advanced combustion test facility in Greenville, South Carolina, USA.

“This announcement signals a shift from initial studies on the ammonia value chain to the practical implementation of technologies and engineering projects, aiming to decarbonize power generation by using ammonia as a fuel,” said Jeffrey Goldmeer, GE Vernova Senior Director, Technology Strategy. “This marks a new phase of collaboration between GE Vernova and IHI, with the goal of developing decarbonization pathways that safeguard existing power generation investments.”

###

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 fertilizer, chemical raw material. When used as a carrier for hydrogen, ammonia enables an efficient, lower-cost 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.

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 IHI and 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 companies’ business operations, financial results and financial position and on the global supply chain and world economy.

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/

VADODARA, INDIA (June 6, 2025) – GE Vernova Inc. (NYSE: GEV) announced today that it has commissioned the first of four 250 megawatts (MW) variable speed units at THDC India Limited’s Tehri Pumped Storage Hydropower Plant, part of the Tehri Hydropower Complex. With this 1 gigawatt (GW) expansion, the complex will reach 2.4 GW of generating capacity and become India’s largest hydropower complex. The project’s reservoir will also help provide support with irrigation and drinking water during non-monsoon periods to the state of Uttarakhand, where it is located.

“With this project, Tehri will become India’s first power plant to use variable speed pumped storage technology and the country’s most modern hydropower station. With fast transition between the turbine and pump operation, the four new units are expected to enable power control, leading to significantly improved grid flexibility. These are all crucial capabilities as more renewables are integrated into the country’s energy mix,” said Frederic Ribieras, CEO of GE Vernova’s hydropower business.

Hydropower remains a cornerstone of India's renewable energy landscape, with an installed capacity of approximately 51 GW as of early 2024, positioning the nation as fifth globally in hydroelectric capacity.

Pumped Storage units help stabilize the grid by acting as giant batteries: water is pumped from the lower to the upper reservoir in times of surplus energy and, in times of demand, water from the upper reservoir is released, generating electricity as the water passes through the turbine. This technology is the largest source of long duration energy storage globally, representing about 94%* of total energy storage capacity.

For this project, GE Vernova capitalizes on its broad portfolio of technologies to generate, transfer and store power to deliver a full water to wire solution, spanning from electrical, hydraulic machines to converters. The project includes the integration of the four doubly fed induction motor generators and the associated pump turbines with the power electronics and control systems.

Tehri Hydropower Complex includes:

• 1 GW Tehri Hydropower Plant commissioned in 2006.
• 400 MW Koteshwar Hydropower Plant commissioned in 2012.
• 1 GW Tehri Pumped Storage Hydropower Plant, where GE Vernova is currently delivering four 250 MW Pumped Storage Variable Speed Doubly Fed systems.**

GE Vernova has a substantial presence in India, across generation, transmission and distribution. The company has five Technology and Engineering Centers focused on advancing research, development and innovation in new technologies and solutions. Additionally, the company operates 11 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.

^{*According to the International Hydropower Association.}

^{**Under an order signed in 2011 with Tehri Hydro Development Corporation India Limited (THDC).}

LONDON, United Kingdom (June 5, 2025) – GE Vernova (NYSE: GEV) today announced that Uniper signed a contractual service agreement to upgrade three GT26 gas turbine units powering Uniper’s Grain power station in Kent, UK. This GT26 High Efficiency (HE) upgrade is expected to increase efficiency and the power output, while supporting Uniper’s ambition to decarbonise its fleet by reducing carbon intensity (CO₂ emissions per MW) at the plant.

“Increasing efficiency and the ability to maintain high availability, while lowering operational, and maintenance costs, is crucial for the long-term success of Grain power station,” said Bill Cliff, Uniper power station manager Enfield, Grain and Taylors Lane. “We worked with GE Vernova on the validation of GE Vernova’s GT26 HE upgrade at our Enfield power station, so we already had experience of this technology. Investment in our assets to reduce their carbon intensity, increase capacity and maintain reliability for security of supply is key for both Grain and Enfield power stations.”

At Enfield, the modernisation project improved performance and extended the maintenance interval of the combined cycle gas turbine. GE Vernova’s prior testing on the GT26 HE technology indicated increases in plant output approximately 25 megawatts (MW) per unit, a 1 percent increased efficiency in part load and a 1.8 percent increase in baseload efficiency, worth up to $1 million fuel savings per unit per year, and maintenance intervals extended up to 32,000 hours.

“For years, GE Vernova and Uniper have worked together to build and maintain power plants, using leading technologies and this upgrade marks another example of our successful cooperation,” said Joseph Anis, President and CEO of GE Vernova's Gas Power business in Europe, Middle East, and Africa. “This upgrade is expected to revitalise Uniper’s Grain power plant and to increase its reliability and availability in the Great Britain generation landscape, supporting its long-term profitability and viability. GE Vernova is well-positioned to provide services and upgrade solutions as customers continue to invest in their fleets to meet rising electricity demand and improve performance.”

GT26 HE Upgrade at a glance
The GT26 HE upgrade includes additive manufactured parts, and innovations in material science and combustion and combines the best from both GE Vernova’s F- and H-Class fleets.

As of end of March 2025, the GT26 HE fleet has achieved more than 100,000 operating hours. With 15 units sold and 8 units in operation, this significant achievement reflects the GT26 HE upgrade’s remarkable performance and reliability.

Key performance benefits[1] include:

Higher efficiency for combined-cycle power plants:

• Approximately 2 percent base load increased efficiency,
• Up to 1 percent increased efficiency in part load
• Increased plant output from 15 up to 55 MW per unit, improving revenue.

[1] Indicative values based on:

• Rating GT26 2006 configuration
• 6,500 yearly operating hours
• 4,000 full load hours yearly.

###

Notes to editors

Financial Editors: Please note this order was booked in the first quarter of 2025.
To learn more on the upgrade: https://www.gevernova.com/gas-power/services/gas-turbines/gt26-service-solutions/high-efficiency

About Uniper
Düsseldorf-based Uniper is a European energy company with global reach and activities in more than 40 countries. With around 7,500 employees, the company makes an important contribution to security of supply in Europe, particularly in its core markets of Germany, the UK, Sweden, and the Netherlands. Uniper’s operations include power generation in Europe, global energy trading, and a broad gas portfolio. Uniper procures gas – including liquefied natural gas (LNG) – and other energy sources on global markets. The company owns and operates gas storage facilities with a total capacity of more than 7 billion cubic meters.   

Uniper aims to be carbon-neutral by 2040. To achieve this, the company is transforming its power plants and facilities and investing in flexible, dispatchable power generation units. Uniper is one of Europe’s largest operators of hydropower plants and is helping further expand solar and wind power, which are essential for a more sustainable and secure future. Uniper is gradually adding renewable and low-carbon gases such as biomethane to its gas portfolio and is developing a hydrogen portfolio with the aim of a long-term transition. The company plans to offset any remaining CO₂ emissions by high-quality CO₂-offsets.   

Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply. 

In the UK, Uniper owns and operates a flexible generation portfolio of power stations, a fast-cycle gas storage facility and two high pressure gas pipelines, from Theddlethorpe to Killingholme and from Blyborough to Cottam. We also have significant long-term regasification capacity at the Grain LNG terminal in Kent, to convert LNG back to natural gas. https://www.uniper.energy/

RIYADH, SAUDI ARABIA (May 28, 2025): GE Vernova (NYSE: GEV) today announced it has secured an order for five 7H-Class gas turbines - three 7HA.03 and two 7HA.02 units from Técnicas Reunidas and Orascom Construction (TR & ORASCOM CONSTRUCTION). The two companies have signed, under a 50-50 joint venture, the Engineering, Procurement and Construction (EPC) contract for Qurayyah Independent Power Plant (IPP) Expansion Project in the Eastern Province in Saudi Arabia).

This expansion project, a 3 gigawatt (GW) combined cycle gas-fired power plant with readiness to build a carbon capture unit, aims to bolster electricity production capacity and enhance operational efficiency in Saudi Arabia. Expanding Saudi Arabia’s fleet of combined cycle power plants plays a crucial role in Saudi Arabia’s plan to generate half of its electricity from gas by 2030 and half from renewables, paving the way to net-zero greenhouse gas (GHG) emissions by 2060.

Hajr Two Electricity Co., a company owned by ACWA Power, the Saudi Electricity Company (SEC), and Haji Abdullah Alireza & Co. Ltd signed a Power Purchase Agreement (PPA) for the Qurayyah Independent Power Plant (IPP) Expansion Project with the Saudi Power Procurement Company (SPPC – Principal Buyer) in February 2025.

Hajr Two Electricity Co. commented: “The QIPP Expansion Project is a very ambitious project and we are proud to support its development. We look forward to working with TR & ORASCOM CONSTRUCTION and GE Vernova to contribute to Saudi Arabia’s enhancement of its electricity supply as the Kingdom transitions its power generation mix to incorporate more renewable energy in alignment with Saudi Vision 2030 and its ambitious sustainability targets.”

“QIPP project is evidence of Saudi Arabia’s strong belief in the future of gas as it emits less CO₂ and other pollutants than oil-fueled power plants” said Joseph Anis, President & CEO of GE Vernova's Gas Power business in Europe, Middle East & Africa. “We have developed a productive and successful relationship with TR & ORASCOM CONSTRUCTION building on our proven expertise in natural gas combined cycle plant engineering, operability, and plant integration, and we are delighted to deploy some of our most advanced power generation technologies, with the potential to integrate carbon capture solutions to help significantly reduce carbon dioxide emissions in QIPP’s and other gas power plants in Saudi Arabia.”

GE Vernova has been playing a pivotal role in fostering the evolution 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.

The company currently employs approximately 850 people in Saudi Arabia. GE Vernova’s investments in the Kingdom include the Khobar Integration Facility (KIF) for grid solutions, as well as the GE Manufacturing and Technology Center (GEMTEC) campus in Dammam, which encompasses a Services and Repairs Center for gas turbines, the GE Saudi Advanced Turbines (GESAT) facility for the manufacturing of gas turbines, components and accessory modules, the GE MENA Decarbonization Center of Excellence, and a Monitoring & Diagnostics Center for the remote monitoring of power generation assets.

END

Notes to editors

For Financial editors: This announcement was included in GE Vernova's recent announcement of initiatives worth up to $14.2 billion in Saudi Arabia, as part of the $2 billion in backlog the first quarter of 2025.

Abu Dhabi, UAE (May 27, 2025) - The Emirates Nuclear Energy Company (ENEC) and GE Vernova Hitachi Nuclear Energy (GVH) have signed an MoU on the sidelines of the World Utilities Congress in Abu Dhabi, UAE, to jointly evaluate the deployment of the BWRX-300 Small Modular Reactor (SMR) technology internationally. The MoU enables ENEC and GE Vernova Hitachi to further cooperate following the signing of the MoU in 2023 on the sidelines of COP 28 to evaluate the technology as part of ENEC’s ADVANCE program for advanced nuclear technology. Nuclear energy is a crucial solution to meeting the current unprecedented demand for reliable, dispatchable, more sustainable power coming from a broad range of customers, including hyperscalers seeking to power data centers to support growth in the AI and technology sectors.

The MoU was signed during a private ceremony at the World Utilities Congress in Abu Dhabi, UAE. HE Mohamed Al Hammadi, Managing Director and CEO of ENEC and Maví Zingoni, CEO of GE Vernova’s Power segment, exchanged signed MOUs as part of their commitment to explore opportunities for international deployment by collaborating on a development roadmap to include site identification, licensing pathways, investment and commercialization strategies and supply chain development.

Following the signing, His Excellency Mohamed Al Hammadi, Managing Director and CEO of ENEC, said: “As we continue to power the UAE with clean, baseload electricity around the clock, we are glad to move to the next level of cooperation with GE Vernova Hitachi to accelerate the deployment of new advanced nuclear reactor technologies in the UAE and internationally. This MoU will bring together our complementary expertise to identify a clear roadmap for deployment, which is essential to ensure safe, efficient and quality-led nuclear delivery, as we have experienced here in the UAE. As global power demand continues to grow at pace, we look forward to advancing new solutions to meet this growth in a sustainable manner.”

Maví Zingoni, CEO of GE Vernova’s Power Businesses, said: “Small modular reactors have an essential role to play in an energy secure future and we are pleased to advance our collaboration with ENEC as the UAE seeks to be an early mover for nuclear innovation. With projects moving forward in Canada and in the United States, collaborating with ENEC further strengthens our ties with the UAE and ability to deliver this technology and achieve a more sustainable energy future.”

As developer and operator of the four-unit Barakah Nuclear Energy Plant in Abu Dhabi, UAE, ENEC brings significant expertise following the successful deployment of civil nuclear energy to power the UAE’s grid, aligned to the highest standards of international quality and safety. ENEC is a member of the World Association of Nuclear Operators (WANO) Atlanta Center and therefore is aligned on US operating standards and regulatory environment, combined with unique expertise in deployment, financing and integration. Today, 25% of the UAE is powered by nuclear energy having brought each unit of the plant onto the grid in a highly efficient 7.9 years.

GE Vernova’s Nuclear Power 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. On May 8, the Province of Ontario and Ontario Power Generation (OPG) approved the deployment of the first BWRX-300 at the Darlington nuclear site in Ontario, Canada. Additionally, on May 20 Tennessee Valley Authority submitted application for construction of first BWRX-300 small modular reactor in the US. These milestones will make the BWRX-300 the first SMR to be built in the Western world and mark a significant step forward in advancing nuclear innovation, reinforcing GVH’s leadership position in scaling SMRs commercially. The technology and engineering are developed at the nuclear headquarters in Wilmington, NC.

Teams from ENEC and GE Vernova Hitachi will now work together to evaluate and develop a comprehensive roadmap for deployment of the BWRX-300. This forms part of ENEC’s ADVANCE Program, which was created to accelerate the evaluation and potential deployment of next generation nuclear technologies.

Beyond the Barakah plant, ENEC is focused on identifying investment, collaboration and deployment opportunities both in the UAE and overseas to support the rapid delivery of civil nuclear energy to drive energy security and sustainability through the provision of clean baseload electricity.

###

About the Emirates Nuclear Energy Company
The Emirates Nuclear Energy Company (ENEC) is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy. Established by decree in December 2009 by the late His Highness Sheikh Khalifa Bin Zayed Al Nahyan, ENEC represents all aspects of the United Arab Emirates (UAE) Peaceful Nuclear Energy Program.

The four units of ENEC’s flagship Barakah Nuclear Energy Plant are generating 40 TWh of safe, clean and reliable electricity 24/7 for the UAE, boosting the Nation’s energy security and sustainability in parallel. The Barakah Plant generates around 25% of the nation’s electricity while preventing the release of 22.4 million tons of carbon per annum. As a result, ENEC is leading the largest decarbonization effort in the country and spearheading the UAE Net Zero by 2050 Strategic Initiative. Beyond overseeing safe, quality-led operations at Barakah, ENEC is focused on exploring opportunities to maximize the full value of the expertise developed in nuclear mega project program delivery and technology deployment through investment, collaboration and development opportunities. As part of this, ENEC is looking at new nuclear energy technologies such as Small Modular Reactors (SMRs) and Advanced Reactor technologies, through its ADVANCE program, for potential domestic and international deployment.

About ENEC Operations
A Joint Venture subsidiary of the Emirates Nuclear Energy Company (ENEC) and partially owned by the Korea Electric Power Corporation (KEPCO), ENEC Operations is mandated to safely operate and maintain Units 1 to 4 of the Barakah Nuclear Energy Plant in adherence to the highest standards of quality, safety, security, and operational transparency.

ENEC Operations is a multinational, multicultural company committed to operating excellence through its skilled nuclear energy workforce in the United Arab Emirates, with a focus on the development of UAE Nationals, and ensuring the highest levels of efficiency and standards in operating the Barakah Plant.

About ENEC Commercial
A Joint Venture subsidiary of the Emirates Nuclear Energy Company (ENEC) and partially owned by the Korea Electric Power Corporation (KEPCO), ENEC Commercial is in charge of representing the financial and commercial interests of the Barakah Nuclear Energy Plant project. For more information, visit www.enec.gov.ae 

About GE Vernova Hitachi Nuclear Energy
GE Vernova’s Nuclear Power 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.
HITACHI is a trademark of Hitachi, Ltd. used under trademark license. GE is a trademark of General Electric Company used under trademark license.

The Bahamas (May 22, 2025) — GE Vernova Inc (NYSE: GEV) announced its trailer mounted TM2500* mobile aeroderivative solution is expected to bring fast and reliable power at the Bahamas to support possible peak summer demand and mitigate power shortages. Surpassing all previous records, more than 9,6 million tourists visited the island in 2023, with a relevant impact on power demand since the country has only about 400,000 inhabitants. Bahamas Turbines Limited (BTL), a subsidiary of FOCOL Holdings Limited, ordered two TM2500 aeroderivative gas turbine packages to expand temporarily its Clifton Piers power plant located in New Providence Island, Bahamas.

“Electricity is a necessity that adds massive value to modern life: our aeroderivative mobile solutions can provide power fast and almost anywhere, on or off the grid,” said Dave Ross, CEO of GE Vernova’s Gas Power business in the Americas. “As a company with a strong commitment to Caribbean and Central America’s development and a presence of over fifty years in the region, we are proud to help BTL increase their generation capacity and work towards providing more reliable power for their growing communities and crucial tourism sector.”

Despite its renewable potential, the Caribbean has a long history of fossil-fuel dependency and utilizes heavy fuel oil (HFO) and diesel for most of their power generation. Solar energy has always been another alternative of power for The Bahamas, but in order to make it reliable, it requires a very stable grid to connect to.

“Building on GE Vernova’s ability to support the growing need for fast power through the immediate availability for shipment of their TM2500 aeroderivative mobile gas turbine and plant equipment, we turned to GE Vernova as technology of choice for our needs for fast, flexible, and mobile power,” said Dexter Adderley, President & Chief Executive Officer

FOCOL Holdings Limited. “As more renewables come online and introduce intermittency into the grid, the deployment of GE Vernova’s trailer mounted aeroderivative gas turbine package expected to deliver up to 30 megawatts (MW) of electricity can support the improvement of frequency control of the grid. Two additional units will help reduce power outages and eventually facilitate the connection of more renewable generation.”

GE Vernova’s aeroderivative solutions are helping power plant operators in the region, like BTL, transition from HFO to a solution that can burn less carbon emitting fuels, like natural gas or diesel. GE Vernova’s TM2500 units offer high flexibility to support the grid. Each TM2500 unit can reach full production capacity in few minutes, which enables power providers to increase power generation quickly to help meet peak demand and ramp down units to avoid wasting energy when demand is lower.


 

KNOXVILLE, Tenn. (May 20, 2025) – Tennessee Valley Authority (TVA) has submitted an application to the U.S. Nuclear Regulatory Commission to construct a GE Vernova Hitachi Nuclear Energy (GVH) BWRX-300 small modular reactor (SMR) at the Clinch River site in Oak Ridge, Tennessee. It is the first construction permit application for a BWRX-300 in the U.S.

“TVA’s investment in the standard design of the BWRX-300 technology will accelerate its deployment, helping meet the rising demand for energy and enhancing energy security,” said Craig Ranson, President & CEO, GVH. “This milestone, in addition to this month’s decision by the Province of Ontario to build the western world’s first SMR, demonstrates that this technology is advanced and real.”

TVA has invested in the standard design of the BWRX-300 as part of a technical collaboration agreement with Ontario Power Generation (OPG), Synthos Green Energy and GVH. TVA is also leading a coalition of utility companies and supply chain partners that has applied for an $800 million U.S. Department of Energy grant to accelerate construction of the nation’s first SMR.

Momentum continues to build around the global deployment of the BWRX-300. Earlier this month, the Province of Ontario and OPG announced approval to proceed with construction of the first BWRX-300 at OPG’s Darlington site near Toronto. A total of four BWRX-300s are planned for the site with construction of the first unit to be complete by the end of the decade.

In January, it was announced that Duke Energy has entered into an agreement to invest in activities to advance the standard design and licensing of the BWRX-300 SMR and that American Electric Power (AEP) has selected the BWRX-300 for potential deployment at the Indiana Michigan Power Rockport Plant in Spencer County, Indiana, pending approval of the DOE funding request that TVA is leading.

The BWRX-300 SMR represents a cutting-edge technology designed to deliver reliable and carbon-free power with enhanced safety and efficiency. Each BWRX-300 will provide approximately 300 MW of electricity, enough to produce the equivalent electricity needed to power 300,000 homes while significantly reducing the complexity and cost associated with traditional nuclear reactors.

###

About GE Vernova Hitachi Nuclear Energy
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. HITACHI is a trademark of Hitachi, Ltd. used under trademark license. | GE is a trademark of General Electric Company used under trademark license.