CAMBRIDGE, Mass. (21 juillet 2025) - GE Vernova Inc. (NYSE: GEV) et Alteia SAS ont annoncé aujourd'hui que GE Vernova a conclu un accord pour acquérir Alteia SAS. Alteia est une entreprise de logiciels basée en France, experte en modélisation par ordinateur et en apprentissage automatique, dont la mission est d’intégrer l'intelligence visuelle dans les opérations. L'acquisition d'Alteia vise à renforcer la stratégie de GE Vernova: développer ses capacités en Intelligence Artificielle (IA) et offrir aux gestionnaires de réseau des solutions utilisant les données visuelles. Celles-ci fourniront une intelligence situationnelle et des informations à haute valeur facilement exploitables, essentielles à la décision.

La plateforme logicielle GridOS® de GE Vernova, au sein de son activité de logiciels d'électrification, aide les gestionnaires de réseau à planifier et à opérer proactivement le réseau électrique. Elle est cruciale lors d'événements perturbateurs comme les tempêtes ou les incendies de forêt qui menacent la fiabilité de l’alimentation électrique. Actuellement, GE Vernova propose déjà le logiciel d'Alteia via GridOS® Visual Intelligence. Cette solution utilise des données visuelles et des workflows basés sur l'IA pour permettre aux gestionnaires de réseau de "visualiser" le réseau. Ils peuvent ainsi évaluer les dommages, identifier précisément les zones où la végétation doit être élaguée et inspecter les éléments clés sur des milliers de kilomètres de lignes électriques.

Grâce à cette acquisition, GridOS Visual Intelligence approfondira l’intégration des données visuelles avec les données opérationnelles issues des systèmes de gestion de réseau (tels que les logiciels de gestion avancée de la distribution). Cette synergie permettra de passer à l'action sur ces données, aidant les gestionnaires de réseau à véritablement "voir et ressentir" leur infrastructure, et offrant une conscience situationnelle accrue.

Les avancées continues des workflows IA s'appuieront sur ces informations. Elles permettront aux gestionnaires de réseau de réduire la probabilité d'événements catastrophiques et d'améliorer la résilience, notamment par des évaluations rapides des dommages pour reconstruire et restaurer le réseau.

Scott Reese, PDG de l'activité de logiciels d'électrification de GE Vernova, a déclaré: "Avec cette acquisition, nous sommes ravis d'accroître notre investissement dans un élément essentiel de notre offre GridOS. En collaboration avec l'équipe Alteia, dont l'expertise nous aidera à faire progresser notre vision de GridOS axée sur l'IA et les données, GE Vernova pourra résoudre les enjeux critiques que nos clients gestionnaires de réseau rencontrent quotidiennement. Nous les aiderons à utiliser les données visuelles et l'IA de manière opérationnelle pour prévenir les perturbations ou restaurer rapidement le réseau. Cette acquisition vise à solidifier davantage notre position de leader des données et de l'IA dans les logiciels d'orchestration de réseau et à ouvrir la voie à des cas d'utilisation supplémentaires qui pourraient améliorer la précision visuelle nécessaire aux opérations modernes du réseau."

Michael de Lagarde, PDG d'Alteia SAS, a déclaré : "Nous avons démarré Alteia avec la mission de simplifier l'intégration et l'analyse des données visuelles pour les gestionnaires de réseau. C’est une vision qui s'aligne parfaitement avec la suite logicielle GridOS de GE Vernova. Cette acquisition est plus qu'une étape stratégique - elle améliore notre capacité à offrir des solutions de pointe à nos clients tout en accélérant notre feuille de route IA pour des opérations d'infrastructure plus intelligentes et plus efficaces. À un niveau plus large, Alteia et GE Vernova partagent un engagement profond à relever le défi urgent de construire et maintenir des réseaux d'infrastructure plus résilients. C'est pourquoi nous sommes incroyablement fiers de nous associer à l'entreprise qui alimente le monde en électricité depuis son origine."

Les termes financiers de l'acquisition ne sont pas divulgués. Sous réserve de la satisfaction des conditions de clôture, la transaction devrait se conclure le 1er août 2025.

Pour plus d'informations sur GridOS et comment il peut aider les gestionnaires de réseau à naviguer dans la transition énergétique, cliquez ici.

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Logiciels d'électrification
GE Vernova Inc. (NYSE: GEV) est une entreprise mondiale dédiée à l'énergie, structurée autour des segments Énergie, Éolien et Électrification, avec le soutien de ses activités accélératrices. Avec plus de 130 ans d'expérience dans la résolution des défis mondiaux liés à l’énergie, GE Vernova est idéalement positionnée pour mener la transition énergétique. Son objectif est d'électrifier le monde tout en le décarbonant. GE Vernova aide ses clients à alimenter les économies et à fournir l'électricité essentielle à la santé, à la sécurité, à la sûreté et à l'amélioration de la qualité de vie. GE Vernova est basée à Cambridge, Massachusetts, États-Unis, avec environ 75 000 employés dans environ 100 pays à travers le monde. Guidée par sa mission, "L'énergie pour changer le monde", la technologie de GE Vernova vise à bâtir un avenir énergétique plus abordable, fiable, durable et sécurisé.

L'activité Electrification Software de GE Vernova se concentre sur la fourniture d'applications intelligentes et d'informations cruciales pour accélérer l'électrification et la décarbonation de l'ensemble de l'écosystème énergétique – de sa production à sa consommation, en passant par son orchestration. Son activité Grid Software et son portefeuille GridOS® ont gagné la confiance des gestionnaires de réseau mondiaux pour orchestrer un réseau énergétique plus durable et fournir une électricité fiable et abordable à leurs clients.

Alteia
Alteia est une entreprise de logiciels française basée à Toulouse. C'est un leader des solutions d'intelligence visuelle basées sur l'IA, qui transforment la façon dont les industries exploitent les données visuelles pour la prise de décision opérationnelle.

En permettant une utilisation étendue des données visuelles, Alteia aide les organisations à extraire des informations exploitables à partir d'images, de données 3D, de données géospatiales et plus encore. Cette approche optimise les processus métier et renforce l’efficacité des infrastructures critiques.

Au cœur de la technologie d'Alteia se trouve sa suite avancée d'intelligence artificielle, conçue pour aider les opérateurs de réseaux et les gestionnaires d'infrastructures à anticiper et à gérer efficacement tous types de risques. Grâce à des analyses IA de pointe, les utilisateurs des solutions Alteia bénéficient d'une visibilité inégalée sur l'état de leurs équipements, leur permettant d’optimiser la planification, de réduire les risques et de maîtriser les coûts, tout en s’adaptant à un environnement réglementaire toujours plus exigeant.

Grâce à son engagement fort en faveur de l’innovation et de l’IA appliquée, Alteia façonne l’avenir de l’intelligence visuelle, aidant les organisations à renforcer leur résilience, leur efficacité et leur préparation aux défis de demain.

CAMBRIDGE, Mass. (July 21, 2025) - GE Vernova Inc. (NYSE: GEV) and Alteia SAS today announced that GE Vernova has agreed to acquire Alteia SAS. Alteia is a France-based software company specializing in AI computer vision and machine learning, to bring visual intelligence into operations. The acquisition of Alteia is intended to further GE Vernova’s strategy to bolster AI capabilities and give utilities visual data solutions that provide situational intelligence and actionable insights.

GE Vernova’s GridOS® portfolio, within the Electrification Software business, helps utilities proactively plan for and operate the electric grid through disruptive events such as storms and wildfires that can impact the availability of reliable power to customers. GE Vernova currently offers Alteia’s software to customers through its GridOS® Visual Intelligence, which uses visual data and AI-enabled workflows to help utilities “see” the grid and assess damage, identify where vegetation should be trimmed, and inspect key assets along thousands of miles of electrical lines.

Through this acquisition, GridOS Visual Intelligence will further integrate visual data and operational data from core systems, like Advanced Distribution Management Software, to take action on the data and help utilities "see and sense" the grid, providing an enhanced level of situational awareness. Continued advancements of the AI-workflows will build on the insights delivered to help utilities reduce the probability of catastrophic events and enhance resiliency with expedited damage assessments to rebuild and restore the grid.

Scott Reese, CEO of GE Vernova’s Electrification Software business, said: “With this acquisition, we are excited to increase our investment in a critical element of our GridOS offering. Together with the Alteia team, whose expertise will help to advance our AI- and data-centric vision for GridOS, GE Vernova will be able to solve for critical pain points that our utility customers face every day and help them use visual data and AI in an actionable way to prevent disruptions or restore power quickly. This acquisition aims to further solidify our position as a data and AI leader in grid orchestration software and pave the way for additional use cases that could enhance the visual precision needed for modern grid operations.”

Michael de Lagarde, CEO of Alteia SAS, said: “We started Alteia with the mission to simplify visual data integration and analysis for utilities, a vision that aligns perfectly with GE Vernova’s GridOS portfolio. This acquisition is more than just a strategic step - it enhances our ability to deliver cutting-edge solutions to our clients while accelerating our AI roadmap for smarter, more efficient infrastructure operations. At a broader level, Alteia and GE Vernova share a deep commitment to tackling the urgent challenge of building and maintaining more resilient infrastructure networks. That’s why we are incredibly proud to join forces with the company that has been powering the world from day one.”

The financial terms of the acquisition are not being disclosed. The transaction is expected to close on August 1, 2025.

For more information on GridOS and how it can help utilities navigate the energy transition, click here.

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About Alteia
Alteia is a France-based software company headquartered in Toulouse, and a leading provider of AI-driven visual intelligence solutions, transforming how industries harness visual data for operational decision-making.

By enabling broad operational use of visual data, Alteia empowers businesses to extract actionable insights from images, 3D data, geospatial data and more, streamlining workflows and enhancing efficiency across critical infrastructure sectors.

At the core of Alteia’s technology is its advanced artificial intelligence (AI) stack, which enables grid operators and infrastructure managers to proactively address growing physical, financial, and compliance risks. By leveraging AI-powered analytics, these stakeholders gain unparalleled visibility into asset conditions, enabling smarter planning, risk mitigation, and cost optimization in an increasingly complex regulatory environment.

With a commitment to innovation and scalability, Alteia is defining the future of visual intelligence, ensuring organizations remain resilient, efficient, and future-ready.

GE Vernova Forward-Looking Disclaimer
This press release 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, the expected completion of the acquisition of Alteia SAS, the expected performance of GE Vernova’s products and those it expects to acquire, 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.

NAIROBI, Kenya (June 11, 2025) – GE Vernova Inc. (NYSE:GEV) today announced that the GE Vernova-Larsen & Toubro (L&T) consortium will build an advanced National System Control Center (NSCC) for Kenya Electricity Transmission Company (KETRACO) to monitor and manage Kenya’s national electricity grid. The work will include constructing a Main Control Centre building in Embakasi, equipped with advanced grid software solutions and the latest substation automation, monitoring, and communication equipment. Additionally, an Emergency Control Centre building in Suswa will be constructed, featuring the same systems and an Enterprise Asset Management (EAM) system for transmission operations. GE Vernova booked the order in the first quarter of 2025.

Kenya's Electricity Goals
Kenya has set ambitious electricity goals aimed at achieving universal access and transitioning to a sustainable energy future. The country aims to ensure that 100% of its population has access to reliable and affordable electricity by 2030. To achieve this, Kenya is investing heavily in expanding its electricity grid and enhancing generation capacity. Additionally, Kenya is focusing on enhancing energy efficiency and developing smart grid technologies to optimize electricity transmission, distribution and consumption.

“A new, advanced NSCC is essential for managing increased electricity demand as Kenya's economy grows. When commissioned, the new NSCC system would play a critical role in supporting our mandate as System Operator(SO). It will ensure reliable, secure, and efficient electricity transmission across the country. It is a game-changer for Kenya’s electricity transmission capabilities, significantly improving our ability to manage the grid, enhance the quality of power, and integrate renewable energy sources,” said Dr. Eng. John Mativo, MBS, Managing Director and CEO at KETRACO.

Consortium Roles and Responsibilities
GE Vernova, through its French entity Grid Solutions SAS, will lead the consortium and provide advanced grid technology from its Electrification Software and Grid Automation portfolio. This technology includes two solutions from its GridOS® orchestration software portfolio—Advanced Energy Management Systems (AEMS) and Wide Area Management Systems (WAMS)—Enterprise Asset Management Systems (EAM), and several solutions from its grid automation portfolio - GridBeats™ - Asset Performance Management System (APM), Condition Monitoring devices, Substation Automation Systems, and Telecommunication Systems. Larsen & Toubro will handle all civil works, including the construction of two fully equipped greenfield control center buildings, equipment installation, and support for system configuration, testing, and commissioning. The project is expected to be completed within three years.

“GE Vernova is uniquely positioned to handle projects of this scale and complexity, requiring both advanced software solutions and grid automation equipment, as well as unique financing solutions. With our comprehensive capabilities in managing such projects end-to-end, we believe KETRACO will significantly benefit from GE Vernova’s expertise, ensuring seamless integration and operational efficiency from project inception to completion,” said Philippe Piron, CEO of GE Vernova’s Electrification Systems businesses. “By providing Kenya with an advanced electricity control center, we’re aiming to enhance the reliability and efficiency of its national grid. This is a pivotal step in paving the way for a more sustainable future that supports the country’s electrification and decarbonization goals.”

Financial and Development Support
The project is made possible through a financing partnership with the French Development Agency (AFD) and the French Treasury, which are providing vital support to KETRACO for the development of a stronger and more sustainable electricity grid in Kenya. This collaboration reflects a shared commitment to advancing Kenya’s energy goals by enabling more reliable and efficient power infrastructure.

“France is committed to supporting sustainable infrastructure projects in Kenya, notably in the Power sector, as part of the broader ongoing collaboration between Kenya and France on energy transition and climate. A modern NSCC will make the Kenyan grid more resilient and reliable, enabling the integration of more variable renewable energy and ultimately providing more reliable and affordable power to Kenya’s businesses and households. The project is fully financed by France with two separate and complementary financing from AFD and the French Treasury, supported by a related grand from the European Union dedicated to Capacity building,” said H.E Arnaud Suquet, the French Ambassador to Kenya.

GE Vernova’s Financial Services business played an integral role in the procurement process, advising the consortium and securing concessional financing from the French Treasury to supplement AFD’s funding. This seamless partnership showcases the importance of combining technical expertise with innovative financing to deliver impactful, future-ready energy solutions.

-ENDS-

Notes to Editors
A National System Control Center (NSCC) is like a central brain of a country's electricity grid. It's responsible for monitoring, controlling, and optimizing the flow of electricity across the entire power system. It can also effectively integrate renewable energy sources like solar, wind, and geothermal into the grid. Real-time monitoring allows for prompt corrective actions, improving grid stability and reducing the risk of power outages and blackouts.

American author and activist Helen Keller once observed that “optimism is the faith that leads to achievement.” Could optimism itself, therefore, be harnessed as a strategy? GE Vernova thinks so. At just one year old, the standalone energy technology company is remaking itself into a key player in the global energy transition.

CAMBRIDGE, Mass. (November 20, 2024) - GE Vernova Inc. (NYSE: GEV) today announced that One Grid Operation AS has purchased its GridOS® orchestration software to help deliver more secure, reliable, and sustainable electricity to customers. One Grid Operation is owned by two of Norway’s distribution system operators, Tensio AS and Linea AS.

GridOS is the first software portfolio designed specifically for grid orchestration. It’s comprised of a platform and suite of applications enabling secure, reliable grid orchestration while also delivering the resiliency and flexibility utilities need to modernize and transform to a sustainable energy grid. By selecting GridOS, One Grid Operation will have a modern solution with several key components:

• A built-in Zero Trust security model to help protect resources from inside and outside threats.
• The first grid-specific data fabric enabling operators to integrate traditionally siloed data across operational technology (OT), information technology (IT), and external sources (e.g. weather). This provides the foundation for utilities to use artificial intelligence and machine learning (AI/ML) to automate grid operations, which is likely to prove crucial to adopting renewables at scale. GridOS Data Fabric builds on GE Vernova’s acquisition of Greenbird Integration Technology AS in 2023.
• Composable, intelligent grid applications. One Grid Operation plans to implement GE Vernova’s Advanced Distribution Management System (ADMS) for secure management of the distribution grid and Distributed Energy Resource Management System (DERMS) for managing a broad array of distributed energy resources (DERs), such as wind power, battery storage, electric vehicles, and more.

One Grid Operation plans to implement GE Vernova’s GridOS orchestration software over the next three years. The company has chosen to utilize a hybrid cloud strategy, with ADMS deployed on-premise and the other GridOS applications running in the Amazon Web Services (AWS) Cloud. This strategy helps to enable One Grid Operation to meet energy demands with greater speed and agility by unlocking data, increasing visibility, and accelerating decision-making. Once the implementation is complete, the company will deliver grid control room services to owners Tensio and Linea. “This is a big and important milestone for us,” said Anna Nysetvold, CEO of One Grid Operation. “I look forward to embarking on this journey with Tensio and Linea’s skilled teams and in close collaboration with GE Vernova.”

Tensio and Linea formed One Grid Operation to achieve the highest standard of excellence when it comes to supplying electricity in Norway. Tensio is the country’s third largest power grid company and operates the regional and distribution network in the central county of Trøndelag. Linea is responsible for delivering power to over 46,700 customers in Helgeland in Northern Norway.

“The energy landscape is getting more complex by the day. Demand for electricity is at an all-time high, extreme weather events are becoming more common, and renewable but intermittent energy sources are on the rise. To deal with these types of change drivers while continuing to deliver on the efficiency and security of our supply, we clearly see the need to significantly strengthen ourselves on the technology side,” Audhild Kvam, CEO of Tensio, and Steinar Benum, CEO of Linea, noted in a joint statement. “After a lengthy market assessment, we’re pleased to announce we’ve selected GE Vernova to support us in enabling smarter, better, more efficient management of our electricity supply and operations in the years to come.”

Mahesh Sudhakaran, General Manager of GE Vernova’s Grid Software business, stated, “GE Vernova is delivering a new era of energy, and a key tenant of how we’re doing that is with our GridOS orchestration software. We’re proud to be the technology partner of choice for One Grid Operation. Our data integration team in Oslo and global power system experts look forward to advancing capabilities that’ll help Tensio and Linea deliver more secure, reliable, and sustainable electricity to their customers.”

GE Vernova’s software helps manage some of the most progressive power grids in the world. For more information, click here.

CAMBRIDGE, Mass. (November 7, 2024) -- GE Vernova Inc. (NYSE: GEV) today announced it has signed an expanded multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) that includes its Asset Performance Management (APM) and CERius™ software delivered in the AWS Cloud. The SCA is designed to make it easier for energy companies to adopt software that has the potential to reshape how they manage their asset and emissions data as they address the energy transition.

“As the energy landscape continues to dynamically transform, the power of flexible cloud-based software is increasingly important,” said Scott Reese, CEO of GE Vernova’s Electrification Software business. “The expansion of our strategic agreement with AWS represents our commitment to providing digital solutions that can help energy organizations increase reliability, lower costs, and make measurable progress on energy transition goals.” GE Vernova previously announced SCAs with AWS to benefit electric utilities, manufacturers, and other industrial companies.

GE Vernova customers are already experiencing benefits of the expanded SCA with AWS. One example is global energy company AES. “GE Vernova’s APM as a software as a service (SaaS) solution has been very important for AES. Its advanced predictive analytics, real-time monitoring, and user-friendly interface have significantly improved our operational efficiency and asset reliability,” said Michelle Legge, Sr. Reliability Engineer and GE APM Program Manager at AES. “The flexibility and scalability of the SaaS model ensures that we can easily adapt to our evolving needs while maintaining optimal performance. With GE Vernova’s APM, we have achieved greater visibility into our assets, enabling more informed decision-making and proactive maintenance strategies. This relationship has been instrumental in driving our mission of delivering sustainable, reliable, and innovative energy solutions.”

The expanded SCA is designed to enable energy companies to:

• Scale with flexibility using solutions that evolve with organizations. GE Vernova’s APM is a suite of software and services designed to help optimize asset performance and operations and maintenance (O&M) efficiency across equipment, the plant, and the entire fleet. The solution offers a modular approach and comprehensive integrations to help companies scale their operations more seamlessly and efficiently. A combination of artificial intelligence (AI) and machine learning (ML) helps enable organizations to more effectively manage and action their asset data.
• Operationalize decarbonization strategy. CERius is GE Vernova’s emissions data management software. The solution is designed to automate the process of accurately collecting greenhouse gas (GHG) emissions data, provide valuable insights, and identify opportunities for reducing carbon emissions.
• Onboard and integrate more sustainable energy faster. Pre-built workflows, AI/ML programming, real-time data, and predictive analytics can empower faster decision-making. This is essential to speeding up the integration of renewable assets on the journey to a more sustainable energy future.
• Leverage extensive industry expertise. Built on over 130 years of experience, GE Vernova is uniquely positioned to change the arc of climate change. The company’s software solutions are purpose-built with original equipment manufacturer (OEM) expertise, making it easy to apply them to new asset types as today’s energy landscape evolves. In addition to working with AWS, leveraging its advanced and secure cloud services and industry expertise, GE Vernova employs expert guidance backed by strong experience across information and operational technology (IT and OT).
• Modernize and maximize investments with cloud-based optimization. With an end-to-end solution that facilitates continuous and progressive improvement, companies should have the power to optimize for lower expenses and higher return on investments.

“As the industry faces the challenges of network efficiency and decarbonization, our collaboration with GE Vernova provides a unique opportunity to reshape asset performance and emissions management,” said Scott Sanderson, Director of Business Development, Energy and Utilities at AWS. “Together, we’re enabling customers to accelerate innovation, reduce their carbon footprint, and sustain financial performance.”

GE Vernova was recently named a Leader for the third straight time by independent industry analyst firm Verdantix in its Green Quadrant: APM Solutions 2024 report. More information on the company’s APM can be found here.

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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 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. Learn more: GE Vernova and LinkedIn. GE Vernova’s Electrification Software business is focused on delivering the intelligent applications and insights needed to accelerate electrification and decarbonization across the entire energy ecosystem – from how it’s created, how it’s orchestrated, to how it’s consumed. Its Power & Energy Resources Software helps improve reliability and drive decarbonization.

Forward-Looking Statements
This article contains forward-looking statements, which provide current expectations based on certain assumptions. Except as required by law, we disclaim any obligation to update these statements.

LAGOS, Nigeria, October 24, 2024 – GE Vernova Inc. (NYSE: GEV) today announced that its GridOS® orchestration software is deployed in the newly completed Information and Coordination Centre (ICC) in Abomey-Calavi, Benin for the West African Power Pool (WAPP), a groundbreaking initiative aimed at transforming the region’s energy landscape. The recently inaugurated ICC will serve as the centralized command centre for the mainland member countries of the Economic Community of West Africa States (ECOWAS), overseeing the interconnected power grids of 14 nations, namely Benin, Burkina-Faso, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. This milestone marks a significant step towards establishing a unified power market across the region, paving the way for a more reliable, sustainable, and affordable energy infrastructure for West Africa.

According to the International Energy Agency (IEA) Africa Energy Outlook 2022 report¹, Africa's GDP is expected to grow by an average of 4.6% per year between 2022 and 2040. This economic growth is expected to drive up energy demand by 2.8% per year, with electricity consumption expected to double by 2040. By expanding power capacity, enhancing forecasting capabilities, and ensuring a seamless balance between generation and demand across borders, the West Africa Power Pool powered by the ICC is bridging the gap between energy needs and reliable supply.

The ICC is a state-of-the art facility equipped with the latest electric grid management technologies. Elements of GE Vernova’s GridOS software portfolio are deployed in the facility to enable more secure, reliable grid orchestration. The software is designed to help utilities achieve the resiliency and flexibility needed for a more sustainable energy grid. The ICC is using several of the portfolio’s intelligent grid applications, including:

• Energy Management System (EMS) engineered for dispatching
• Wide Area Monitoring System (WAMS) designed for grid stability
• Advanced Market Management System designed to support the trading of power among ECOWAS countries

The ICC technology platform has also been upgraded with GE Vernova’s GridOS forecasting solution to enhance the value of Variable Renewable Energy (VRE) on the electricity market with advanced forecasting and ramping tools. Through this integration, engineers will have near real-time access to data on energy flow across the WAPP interconnected network, enabling them to monitor, analyze, and optimize the distribution of power.

"We are honored to partner with WAPP in their mission to promote and develop power generation and transmission infrastructures, as well as to coordinate power exchange among the ECOWAS member states. Our GridOS portfolio provides the ICC with modern software capabilities to automate grid operations and help increase the energy transaction rate across the region, helping overcome energy challenges in the ECOWAS zone," said Mahesh Sudhakaran, General Manager for GE Vernova’s Grid Software business.

GE Vernova has long worked with national electric utilities and regional power pools from the region, helping them adopt best-in-class technologies for grid modernization. In November 2022, the Southern African Power Pool (SAPP) inaugurated a new Coordination Control Center equipped with the latest Energy Management System (EMS) from GE Vernova’s Grid Software business. With more projects underway, GE Vernova is proud to be contributing to the energy transition in Africa.

¹https://www.iea.org/reports/africa-energy-outlook-2022

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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, 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 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 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. Learn more: GE Vernova and LinkedIn. GE Vernova’s Electrification Software business is focused on delivering the intelligent applications and insights needed to accelerate electrification and decarbonization across the entire energy ecosystem – from how it’s created, how it’s orchestrated, to how it’s consumed. Its Grid Software business and GridOS® portfolio is trusted by global utilities to orchestrate a more sustainable energy grid and help deliver reliable and affordable electricity to their customers.

CAMBRIDGE, Mass. (May 2, 2024) – GE Vernova (NYSE: GEV)—a global leader in electrification, decarbonization, and energy solutions—today announced the launch of Autonomous Inspection, a cloud-based computer vision software solution designed to automate the manual inspection and monitoring of industrial assets by utilizing image capture devices and artificial intelligence/machine learning (AI/ML) algorithms. This new software integrates with select applications within GE Vernova’s Asset Performance Management (APM), a suite of software and services designed to help asset performance and operations and maintenance (O&M) efficiency across equipment, plant, and an entire fleet. Designed to be industry-agnostic, Autonomous Inspection can help users in energy generation and other industries access and act on visual data and insights within APM applications to improve asset and operational outcomes.

"In the energy industry, computer vision is not just about seeing, it’s about foresight. Autonomous Inspection is the eyes of our APM suite and is powered by AI technology that turns images into rich data that can help power insights to transform how we safeguard, optimize, and propel the future of energy," said Linda Rae, General Manager of GE Vernova’s Power & Energy Resources Software business. “Digitalizing operations has helped customers in quality, safety, and performance improvements, as well as emission management.”

Despite significant digital progress witnessed by the energy industry, traditional manual asset inspection processes often continue to slow momentum and pose challenges. They are often resource intensive, prone to safety risks and errors, and difficult to scale. Furthermore, they are fast becoming unsustainable due to the rapidly changing energy landscape with decentralization of assets due to renewables sources, workforce availability challenges, and tougher generation requirements.

Autonomous Inspection is designed to support and contribute to the digital transformation of the energy industry in multiple ways, including:

• Accelerating operational excellence: By removing bottlenecks like manual-intensive and siloed inspection workflows through automation, a major oil and gas firm was able to reduce inspection review time for corrosion images from two weeks to 30 minutes using Autonomous Inspection during a pilot.[1]
• Helping with safety and compliance: Workers need to perform inspections at elevated heights or near heated equipment that pose serious risks to personal safety. With Autonomous Inspection, cameras and AI/ML models can be used to reduce such safety risks. The technology can also lessen the need for inspection-specific travel, as gathered inspection data and insights can be accessed remotely over the cloud. A major European utility is using Autonomous Inspection to monitor critical electrical equipment like transformers and switchyards and facilitate their transition to a remote-enabled, safer, and more efficient asset inspection model.
• Helping performance goals while transforming: It’s crucial for energy firms to meet their profitability goals while adapting to energy transition needs. According to John Villali, Senior Research Director for IDC Energy Insights, IDC, “Over 20% savings on O&M cost could be realized from leveraging autonomous visual asset inspections.” Autonomous Inspection automates the manual-intensive workflows to help workers save time and effort. It is designed to enable workers to detect defects faster and sends them alerts to enable earlier actions for improving asset uptime.

Additionally, Autonomous Inspection can be useful when it comes to inspecting geographically dispersed assets like solar and wind farms, where a manual inspection approach isn’t effective.

Designed as an industry-agnostic solution, Autonomous Inspection can serve applications in industries beyond energy generation. The cloud-based, AI-powered software has the capability to automate inspection and monitoring workflows, including automated image data collection, processing, integration, analysis, and management. It’s available for a range of use cases, including automated gauge reading, corrosion detection and severity classification, and thermal profiling of equipment. By leveraging computer vision, Autonomous Inspection tackles the traditional inspections bottleneck, enabling smarter, data-driven inspections and helping firms accelerate progress on digitalization and energy transitions goals.

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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,” “project,” “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 a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 80,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn. 

GE Vernova’s Electrification Software business is focused on delivering the intelligent applications and insights needed to accelerate electrification and decarbonization across the entire energy ecosystem – from how it’s created, how it’s orchestrated, to how it’s consumed. Its Power & Energy Resources Software helps improve reliability and drive decarbonization.

Washington, D.C., United States of America; April 18, 2024: GE Vernova (NYSE: GEV) has announced multiple strategic initiatives with the Republic of Iraq aiming to boost generation and enhance the availability of power supply across the country. The announcements were made on the sidelines of the Iraqi Prime Minister H.E. Mohammed Shia’a Al-Sudani’s visit to Washington, D.C. and meeting with President Joe Biden.

The initiatives were signed, in the presence of H.E. Al-Sudani on April 17th in Washington D.C, by H.E. Hayan Abdul Ghani Al-Swad, the Iraqi Deputy Prime Minister for Energy Affairs and Minister of Oil; H.E. Dr. Muhammad Ali Tamim, the Iraqi Deputy Prime Minister and Minister of Planning; and Roger Martella, Chief Sustainability Officer and Head of Government Affairs at GE Vernova. The signings were attended by Ambassador Alina L. Romanowski, the U.S. Ambassador to the Republic of Iraq and Mr. Steve Lutes, the President of the US-Iraqi Business Council, and Vice President, Middle East Affairs at U.S. Chamber of Commerce.

The collaborations reflect the joint vision of the Government of the Republic of Iraq and GE Vernova to work together in order to strengthen and modernize power infrastructure, enable the transition to a lower carbon energy future, and promote economic development. The initiatives announced align with the Principles of Cooperation signed between Iraq’s Ministry of Electricity (MoE) and GE Vernova in 2023 to explore opportunities to increase power capacity and establish new power plants. They include:

• A letter of intent signed with the MoE to explore injecting 3 additional gigawatts (GW) of energy into the grid generated by highly efficient combined cycle power plants. Additionally, the MoE and GE Vernova reiterated their commitment to move forward with the conversion of two sites, Samawa and Nasiriya, from simple to combined cycle, as well as to expand capacity at the Al Mansouria gas power plant.
• Five-year services and upgrade agreements with the MoE to enhance the availability and efficiency of over 70 turbines and generators at 18 power plants, with a total capacity of up to 7.5 GW.
• A memorandum of understanding (MoU) signed with Iraq’s Ministry of Oil to explore the accelerated use of flared gas to boost power generation in select oil fields. Iraq is ranked among the top gas flaring countries globally, and this MoU paves the way to future joint projects aiming to significantly reduce pollution and health hazards associated with flaring, while generating additional power.

“These initiatives mark a milestone in our continued efforts to strengthen national power infrastructure,” said H.E. Zeyad Ali Fadhil, the Iraqi Minister of Electricity. “As electricity demand in Iraq grows, we continue to work with leading companies like GE Vernova, to ensure that the power needs of residents and industrial users are met in a timely manner through advanced gas power generation technologies, on-time servicing and maintenance of energy infrastructure, and an accelerated use of flared gas, in collaboration with the Ministry of Oil. As an example, in preparation for the peak summer demand season in 2024, the MoE and GE Vernova’s teams completed the MXL2 upgrade on two of GE Vernova’s 13E2 gas turbines at Al Mansouria power plant, with a total capacity of up to 266 megawatts. Additionally, our teams continue to work on maintenance and upgrade projects covering up to 3.8 GW of capacity.”

As part of the new initiatives, GE Vernova also plans to set up a Monitoring and Diagnostics (M&D) Centre that will use the company’s electrification software capabilities for continuous monitoring of core power assets across 18 sites powered by GE Vernova’s 9E gas turbines. The Center is expected to be operated by the MoE’s team, and is projected to help mitigate operational risks, reduce unplanned outage costs, and enable Iraqi talent development through knowledge transfer and the specialized training of local engineers.

“In 2021, GE Vernova proposed a 10-point strategy to help accelerate Iraq’s energy transition, including a series of measures that were part of today’s announcements,” said Joseph Anis, President and CEO of GE Vernova’s Gas Power business in Europe, Middle East, and Africa. “These announcements reflect our committed to keep driving progress for the Iraqi people. We aim to continue to work closely with the Iraqi government and other stakeholders to help deliver more affordable, reliable, and lower carbon power that supports the growing needs of citizens and faster, more sustainable economic development, to the benefit of present and future generations.”

GE Vernova has a strong legacy of contributing to the development of Iraq’s energy sector. The company has added up to 19 GW of capacity in the country in just over a decade, completed up to 30 substations over the past 10 years, as well as delivered phase one of the interconnection with the Hashemite Kingdom of Jordan’s grid, which was inaugurated by the Iraqi government in March 2024. Furthermore, GE Vernova has supported the government of Iraq to secure over US$ 3 billion in funding for energy sector projects since 2015. The company employs over 200 people in the country, more than 95 percent of them Iraqis.

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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.