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Gas Power

GE Vernova secures order to modernize key power plants in Egypt

5 min read
  • Advanced Gas Path upgrades at Banha aim to increase output and improve efficiency

     

  • Long-term services agreements for Banha and Nubaria are expected to support reliable and efficient power generation

     

  • Project aligns with Egypt’s power infrastructure modernization and energy efficiency goals

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

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

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

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

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

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

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

 

Notes to editors

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

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

 

end

About GE Vernova

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

About GE Vernova

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

Follow GE Vernova in Middle East & Africa on their website and LinkedIn.

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

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Nubaria power plant, Egypt
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Michael Lapides

GE Vernova | Vice President of Investor Relations

+1 617 674 7568

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Laura Aresi
GE Vernova | Media Relations Leader, Power
Mahmoud Fansa
GE Vernova | Communications, Middle East and Africa
Article
Decarbonization

Steeling the Scene: Wind Power Is Becoming More Sustainable Thanks to This Lower-Emission Material

Christine Gibson
A GE Vernova workhorse wind turbine in Texas
A GE Vernova workhorse wind turbine in Texas. Credit: GE Vernova

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Towering above hilltops and open plains, wind turbines are a common symbol of renewable energy and the global fight against climate change. However, even renewable power sources can leave a carbon footprint. Case in point: The tall towers that hold the energy-creating rotors and machine head aloft are made from a material that accounts for between 7% and 9% of all human-made greenhouse gas emissions: steel.

Article
People

Vision at Work: Meet Three Energy Leaders of Today and Tomorrow

Alasdair Lane
GE Vernova team at NYSE April 22, 2026
GE Vernova Chief Commercial and Operations Officer Pablo Koziner (at podium) and company colleagues ring the opening bell at the New York Stock Exchange, April 22, 2026. Images courtesy of NYSE Group.

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With demand for electricity rising fast, expanding access to power while reducing emissions is becoming more urgent. Getting there will require new systems, new ways of working, and, most importantly, people who can bring it all together.

On April 22, as the world marked Earth Day, 15 GE Vernova employees gathered at the New York Stock Exchange to ring the opening bell. They represented thousands working across regions, roles, and technologies, united by a shared mission to electrify the world while building a more sustainable energy future.

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Onshore Wind

GE Vernova announces new wind turbine orders from BBWind and Greenvolt Power in Germany

5 min read
  • Companies will use GE Vernova’s workhorse turbines to support German onshore wind expansion

  • Deals reinforce GE Vernova’s longstanding relationship with BBWind and new collaboration with Greenvolt Power

  • Projects leverage GE Vernova’s engineering and manufacturing excellence in Salzbergen, Germany

MADRID, SPAIN (April 23, 2026) - GE Vernova’s Wind segment announced today that it has secured agreements to supply 71.5 MWs of onshore wind turbines to BBWind and Greenvolt Power for various projects across Germany. The deals, which were booked in the Q4 of 2025, represent a significant milestone in GE Vernova’s commitment to supporting Germany’s energy transition.

The agreements include the latest milestone in GE Vernova’s collaboration with BBWind, a Muenster-based developer specializing in regional community wind projects. Additionally, the deal with Greenvolt Power underscores GE Vernova’s growing footprint in the German market as a preferred technology partner for large-scale renewable energy developers.

GE Vernova’s Wind segment has a robust manufacturing presence in Germany, anchored by its 70,000 square meter facility in Salzbergen. The site, which manufactures machine heads, drive trains, and hubs, is central to the company’s ability to provide its workhorse turbines to customers across Europe and Asia.

Germany, which installed approximately 4.6 GW of onshore wind in 2025, has a national goal of generating 80 percent of its electricity from renewable resources by 2030.

Gilan Sabatier, GE Vernova’s Chief Commercial Officer for onshore wind, international markets said, “We are proud to deepen our relationship with BBWind and embark on this significant volume of work with Greenvolt Power. These orders for over 70 MWs demonstrate the trust our customers place in our workhorse turbines to deliver reliable, renewable energy. With our manufacturing hub in Salzbergen, we are uniquely positioned to support Germany’s ambitious wind energy goals with locally produced technology.”

Michael Schlüß of BBWind, said, “The continued cooperation with GE Vernova is a testament to the reliability and performance of their technology in the community wind sector. By expanding our portfolio with these new orders, we continue to ensure that local communities remain at the heart of Germany’s energy transition.”

GE Vernova's Wind segment has a total installed base of approximately 59,000 turbines and more than 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers next-generation high-powered turbines that support global decarbonization efforts.

end

About GE Vernova

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

GE Vernova’s Wind segment is focused on delivering a suite of wind products and services to help accelerate a new era of energy by harnessing the power of wind. Technologies provided to customers include the next generation high efficiency 3-megawatt onshore wind turbine and the Haliade-X offshore wind turbine platform, as well as maintenance solutions and life extension optionality.

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.

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

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GE Vernova

GE Vernova Foundation Announces Bold, Future-Focused Engineers of Change to Inspire Next Generation Innovators and Leaders

7 min read
  • $4.5 million commitment will help bring hands-on engineering experiences to more than 6,000 students in Greenville, South Carolina, and Staffordshire, UK over three years

  • Program aims to ignite curiosity, expand access to engineering pathways, and help build the future workforce needed for a more reliable, affordable, and sustainable energy future

Cambridge, Mass (April 22, 2026) – The GE Vernova Foundation today announced Engineers of Change, a dynamic new initiative designed to inspire the next generation of engineers and energy leaders through early exposure to engineering, hands-on learning, and direct connections with industry professionals. In partnership with global nonprofit organization FHI360, and backed by a $4.5 million commitment, the initiative aims to reach more than 6,000 students in Greenville, South Carolina, and Staffordshire, UK, over the next three years, helping build stronger pathways into engineering education, training, and careers.

Engineers of Change is built around two complementary programs:

  • Engineering Spark engages students ages 13–14 in discovering engineering through dynamic, hands-on learning sessions led by GE Vernova engineers and volunteers, helping spark curiosity and expand understanding of what engineering is all about.
  • Engineering Catalyst is an immersive, two-year program for students ages 15–18, featuring real-world design challenges, college and career readiness workshops, and engagement with GE Vernova engineers, designed to equip students with the skills and confidence to think like engineers, build a strong engineering identity, and pursue post-secondary studies or apprenticeships.

“Meeting the world’s growing energy needs will require not only breakthrough technology, but people – bold thinkers, problem-solvers, and next generation leaders ready to shape the future,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “Through Engineers of Change, we are helping young people see engineering not just as a career path, but as a mission with real-world impact. By bringing engineering to life in engaging, community-connected ways, we hope to ignite curiosity today and help build the workforce of tomorrow.”

By making engineering tangible and inspiring, the initiative helps students connect their interests and skills to future opportunities in engineering and energy. Students completing the program will be awarded a partial scholarship for post-secondary engineering education and training.

“We’re thrilled to work with GE Vernova Foundation and with our partners in Greenville, SC, and Staffordshire, UK, to inspire the next generation of engineers,” said Steven Ehrenberg, Director of Programs at FHI 360. “I’m excited that students in Greenville and Staffordshire will have hands-on engineering experiences and the opportunity to meet and learn from professional engineers."

Engineers of Change reflects the Foundation’s commitment to strengthening the future energy workforce by inspiring more young people to pursue engineering, particularly in communities where GE Vernova operates. With an estimated 30 million new energy jobs needed in the next five years, Engineers of Change is designed to foster innovation, strengthen problem-solving skills, and expand pathways into engineering and energy careers. By aligning programming with local needs and long-term workforce development priorities, the GE Vernova Foundation is putting its purpose — The Energy to Change the World — into practice while helping develop the next generation of innovators and leaders needed to advance a more reliable, affordable, and sustainable energy future. Learn more about Engineers of Change

###

About GE Vernova Foundation

The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Building on the 100+ year legacy of the GE Foundation, the GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. The Foundation’s resources are also channeled into initiatives focused on championing the global workforce needed for the energy transition as well as building stronger and more resilient communities.

About GE Vernova​

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

About FHI 360

FHI360  is a global organization that mobilizes research, resources and relationships so people everywhere have access to the opportunities they need to lead full and healthy lives. With collaborations in over 60 countries, we work directly with local leaders to improve health and well-being, respond to humanitarian crises and strengthen community resilience. We share data-driven insights and scalable tools so communities can effectively address complex challenges and achieve thriving futures.

About The Inspirational Learning Group

The Inspirational Learning Group develop and deliver innovative career solutions for students, education institutes and employers across the U.K. and beyond. We are proud to have engaged and positively influenced over 600,000 students through our flagship programme, The National Careers Challenge, our real-life business challenge that enables young people to develop crucial key employability skills, vital for the ever-changing world of work. Our portfolio also includes additional programmes such as our Stocks & Shares Challenge, My Perfect University, Team Building challenges and summer school provision. As the partner of choice for outreach activity of several large, high-profile organisations such as NatWest and GE Vernova, TILG are being increasingly relied on to create truly bespoke education and outreach initiatives to support development, social mobility and inclusion. We are changing the way that young people are educated about their future world of work, engaging, inspiring, and motivating them to succeed.

end

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

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GE Vernova

GE Vernova Foundation Announces Bold, Future-Focused Engineers of Change Initiative to Inspire Next Generation Innovators and Leaders across the Upstate

7 min read
  • $4.5 million commitment will help bring hands-on engineering experiences to more than 6,000 students in Greenville, South Carolina, and Staffordshire, UK over three years

  • Program aims to ignite curiosity, expand access to engineering pathways, and help build the future workforce needed for a more reliable, affordable, and sustainable energy future

Greenville, S.C. (April 22, 2026) – The GE Vernova Foundation today announced Engineers of Change, a dynamic new initiative designed to inspire the next generation of engineers and energy leaders through early exposure to engineering, hands-on learning, and direct connections with industry professionals. In partnership with global nonprofit organization FHI360 and backed by a $4.5 million commitment, the initiative aims to reach more than 6,000 students in Greenville, South Carolina, and Staffordshire, UK, over the next three years, helping build stronger pathways into engineering education, training, and careers.

The initiative is built around two complementary programs with Clemson University leading program delivery in Greenville:

  • Engineering Spark engages students ages 13–14 in discovering engineering through dynamic, hands-on learning sessions led by GE Vernova engineers and volunteers, helping spark curiosity and expand understanding of what engineering is all about.
  • Engineering Catalyst is an immersive, two-year program for students ages 15–18, featuring real-world design challenges, college and career readiness workshops, and engagement with GE Vernova engineers, designed to equip students with the skills and confidence to think like engineers, build a strong engineering identity, and pursue post-secondary studies or apprenticeships.

“Meeting the world’s growing energy needs will require not only breakthrough technology, but people – bold thinkers, problem-solvers, and next generation leaders ready to shape the future,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “Through Engineers of Change, we are helping young people see engineering not just as a career path, but as a mission with real-world impact. By bringing engineering to life in engaging, community-connected ways, we hope to ignite curiosity today and help build the workforce of tomorrow.”

By making engineering tangible and inspiring, the initiative helps students connect their interests and skills to future opportunities in engineering and energy. Students completing the program will be awarded a partial scholarship for post-secondary engineering education and training.

“We’re thrilled to work with GE Vernova Foundation and with our partners in Greenville, SC, and Staffordshire, UK, to inspire the next generation of engineers,” said Steven Ehrenberg, Director of Programs at FHI 360. “I’m excited that students in Greenville and Staffordshire will have hands-on engineering experiences and the opportunity to meet and learn from professional engineers."

“Clemson University’s PEER & WISE programs are proud of this impactful partnership with the GE Vernova Foundation and FHI 360 through Engineers of Change”, said Serita Acker, Executive Director of PEER & WISE. “ We have seen how access, mentorship, and opportunity transform students into future engineering leaders. Through Engineering Spark and Engineering Catalyst, we are excited to empower the next generation to innovate, lead, and become catalysts for change.”

Engineers of Change reflects the Foundation’s commitment to strengthening the future energy workforce by inspiring more young people to pursue engineering, particularly in communities where GE Vernova operates. For more than 50 years, GE Vernova has been a part of the Greenville community, where the site manufactures gas turbines and provides global gas power and wind power engineering expertise. At a time when demand for engineering skills continues to grow, this initiative is intended to help strengthen local talent pipelines and create more pathways for students to explore, prepare for, and succeed in engineering careers. By aligning programming with local needs and long-term workforce development priorities, the GE Vernova Foundation is putting its purpose — The Energy to Change the World — into practice while helping develop the next generation of innovators and leaders needed to advance a more reliable, affordable, and sustainable energy future. Learn more about Engineers of Change

###

About GE Vernova Foundation

The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Building on the 100+ year legacy of the GE Foundation, the GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. The Foundation’s resources are also channeled into initiatives focused on championing the global workforce needed for the energy transition as well as building stronger and more resilient communities.

About GE Vernova​

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

About FHI 360

FHI360  is a global organization that mobilizes research, resources and relationships so people everywhere have access to the opportunities they need to lead full and healthy lives. With collaborations in over 60 countries, we work directly with local leaders to improve health and well-being, respond to humanitarian crises and strengthen community resilience. We share data-driven insights and scalable tools so communities can effectively address complex challenges and achieve thriving futures.

About The Inspirational Learning Group

The Inspirational Learning Group develop and deliver innovative career solutions for students, education institutes and employers across the U.K. and beyond. We are proud to have engaged and positively influenced over 600,000 students through our flagship programme, The National Careers Challenge, our real-life business challenge that enables young people to develop crucial key employability skills, vital for the ever-changing world of work. Our portfolio also includes additional programmes such as our Stocks & Shares Challenge, My Perfect University, Team Building challenges and summer school provision. As the partner of choice for outreach activity of several large, high-profile organisations such as NatWest and GE Vernova, TILG are being increasingly relied on to create truly bespoke education and outreach initiatives to support development, social mobility and inclusion. We are changing the way that young people are educated about their future world of work, engaging, inspiring, and motivating them to succeed.

end

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

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GE Vernova

GE Vernova Foundation Announces Bold, Future-Focused Engineers of Change Initiative to Inspire Next Generation Innovators and Leaders across Staffordshire

8 min read
  • $4.5 million commitment will help bring hands-on engineering experiences to more than 6,000 students in Greenville, South Carolina, and Staffordshire, UK over three years

  • Program aims to ignite curiosity, expand access to engineering pathways, and help build the future workforce needed for a more reliable, affordable, and sustainable energy future

Staffordshire, U.K. (April 22, 2026) – The GE Vernova Foundation today announced Engineers of Change, a dynamic new initiative designed to inspire the next generation of engineers and energy leaders through early exposure to engineering, hands-on learning, and direct connections with industry professionals. In partnership with global nonprofit organization FHI360 and backed by a $4.5 million commitment, the initiative aims to reach more than 6,000 students in Greenville, South Carolina, and Staffordshire, UK, over the next three years, helping build stronger pathways into engineering education, training, and careers.

The initiative is built around two complementary programs with The Inspirational Learning Group leading program delivery in Staffordshire:

  • Engineering Spark engages students ages 13–14 in discovering engineering through dynamic, hands-on learning sessions led by GE Vernova engineers and volunteers, helping spark curiosity and expand understanding of what engineering is all about.
  • Engineering Catalyst is an immersive, two-year program for students ages 15–18, featuring real-world design challenges, college and career readiness workshops, and engagement with GE Vernova engineers, designed to equip students with the skills and confidence to think like engineers, build a strong engineering identity, and pursue post-secondary studies or apprenticeships.

“Meeting the world’s growing energy needs will require not only breakthrough technology, but people – bold thinkers, problem-solvers, and next generation leaders ready to shape the future,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “Through Engineers of Change, we are helping young people see engineering not just as a career path, but as a mission with real-world impact. By bringing engineering to life in engaging, community-connected ways, we hope to ignite curiosity today and help build the workforce of tomorrow.”

By making engineering tangible and inspiring, the initiative helps students connect their interests and skills to future opportunities in engineering and energy. Students completing the program will be awarded a partial scholarship for post-secondary engineering education and training.

“We’re thrilled to work with GE Vernova Foundation and with our partners in Greenville, SC, and Staffordshire, UK, to inspire the next generation of engineers,” said Steven Ehrenberg, Director of Programs at FHI 360. “I’m excited that students in Greenville and Staffordshire will have hands-on engineering experiences and the opportunity to meet and learn from professional engineers."

“We are extremely proud to be implementing the Engineers of Change programme in Staffordshire, giving young people the opportunity to develop the skills, confidence and curiosity needed to shape the future,” said Paul Dyer, Genera Manager, The Inspirational Learning Group. “With the support of GE Vernova, this initiative will inspire and empower the next generation of engineers and innovators. “

Engineers of Change reflects the Foundation’s commitment to strengthening the future energy workforce by inspiring more young people to pursue engineering, particularly in communities where GE Vernova operates. With more than 130 years of history in the UK, GE Vernova operates three electrification manufacturing sites in Stafford, including the country’s only large-scale grid manufacturing facility. GE Vernova is making significant investments in the area to expand capacity and reinforce Stafford’s role as a critical hub for the production of electrification technologies. At a time when demand for engineering skills continues to grow, Engineers of Change is intended to help strengthen local talent pipelines and create more pathways for students to explore, prepare for, and succeed in engineering careers. By aligning programming with local needs and long-term workforce development priorities, the GE Vernova Foundation is putting its purpose — The Energy to Change the World — into practice while helping develop the next generation of innovators and leaders needed to advance a more reliable, affordable, and sustainable energy future. Learn more about Engineers of Change

###

About GE Vernova Foundation

The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Building on the 100+ year legacy of the GE Foundation, the GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. The Foundation’s resources are also channeled into initiatives focused on championing the global workforce needed for the energy transition as well as building stronger and more resilient communities.

About GE Vernova​

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

About FHI 360

FHI360  is a global organization that mobilizes research, resources and relationships so people everywhere have access to the opportunities they need to lead full and healthy lives. With collaborations in over 60 countries, we work directly with local leaders to improve health and well-being, respond to humanitarian crises and strengthen community resilience. We share data-driven insights and scalable tools so communities can effectively address complex challenges and achieve thriving futures.

About The Inspirational Learning Group

The Inspirational Learning Group develop and deliver innovative career solutions for students, education institutes and employers across the U.K. and beyond. We are proud to have engaged and positively influenced over 600,000 students through our flagship programme, The National Careers Challenge, our real-life business challenge that enables young people to develop crucial key employability skills, vital for the ever-changing world of work. Our portfolio also includes additional programmes such as our Stocks & Shares Challenge, My Perfect University, Team Building challenges and summer school provision. As the partner of choice for outreach activity of several large, high-profile organisations such as NatWest and GE Vernova, TILG are being increasingly relied on to create truly bespoke education and outreach initiatives to support development, social mobility and inclusion. We are changing the way that young people are educated about their future world of work, engaging, inspiring, and motivating them to succeed.

end

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

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Investor Relations

GE Vernova Releases First Quarter 2026 Financial Results

GE Vernova Kaizen Week, three workers wearing hard hats, safety vests and safety glasses stand at a table reviewing documents.
GE Vernova’s Kaizen Week featured ~200 events focused on safety, quality, delivery, and cost, resulting in the elimination of 100,000+ lifting activities, reduction of 480+ days of production time, and 350+ safety improvements.

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 First Quarter 2026 Highlights:

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Investor Relations

GE Vernova reports first quarter 2026 financial results and raises 2026 guidance

10 min read
  • Strong performance with significant orders and backlog growth, margin expansion, and cash generation

  • First Quarter 2026 Highlights:

    - Orders of $18.3B, +71% organically with growth in all segments

    - Backlog1 growth of $13.0B sequentially from equipment and services, including $5B from Prolec GE

    - Gas Power equipment backlog and slot reservation agreements grew from 83 to 100 GW; now anticipate reaching at least 110 GW by year-end 2026

    - Revenue of $9.3B, +16%, +7% organically* led by equipment at Electrification and Power

    - Net income of $4.7B; net income margin of 50.9%; inclusive of $4.5B pre-tax M&A net gains, primarily from Prolec GE  

    - Adjusted EBITDA* of $0.9B, nearly doubling year-over-year; adjusted EBITDA margin* of 9.6%, up +390 basis points

    - Cash from operating activities of $5.2B; free cash flow* of $4.8B, more than quadrupling year-over-year

    - $10.2B cash balance; $1.4B in capital returned to shareholders

CAMBRIDGE, Mass., (April 22, 2026) – GE Vernova Inc. (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today reported financial results for the first quarter ending March 31, 2026.

“We had a solid start to 2026 as we continue to serve the growing, long-cycle electric power market. Demand is accelerating for our Power and Electrification solutions from a diverse set of customers, with our backlog growing by more than $13 billion quarter-over-quarter,” said GE Vernova CEO Scott Strazik. “Reflecting this strength, we now expect to reach at least 110 GW of combined gas turbine backlog and slot reservation agreements by year-end 2026 and are raising our 2026 financial guidance. In the quarter, our Electrification segment booked $2.4 billion in equipment orders to support data centers, more than all of last year. We also completed our acquisition of the remaining fifty percent stake in Prolec GE, a leading grid equipment supplier, strengthening our ability to serve customers and accelerating our growth trajectory. Our team is executing well and remains focused on delivering for the long-term.”

"We delivered significant growth and margin expansion in the first quarter as we executed our financial strategy. With robust equipment orders growth in each segment and continued services strength, our backlog grew to $163 billion, inclusive of Prolec GE,” said GE Vernova CFO Ken Parks. “We maintained a strong investment grade balance sheet, growing our healthy cash balance to $10.2 billion with significant free cash flow generation and proceeds from dispositions, even as we closed the Prolec GE acquisition and returned capital to shareholders. Given our strong results and continued business momentum, we are increasing our guidance for 2026 revenue, adjusted EBITDA margin, and free cash flow.” 

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1 Defined as remaining performance obligation (RPO)

*Non-GAAP Financial Measure

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws that are subject to risks and uncertainties. These statements may include words such as “believe”, “expect”, “guidance”, “outlook”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may,” and negatives or derivatives of these or similar expressions. These forward-looking statements may include, among others, statements about our future performance, anticipated growth, and expectations in our business; the energy transition; the demand for our products and services; our technologies and ability to innovate, anticipate, and address customer demands; our ability to increase production capacity, efficiencies, and quality; our underwriting and risk management; the estimated impact of tariffs; our product quality and costs; our cost management efforts; tax incentives; customer orders and commitments; project execution and timelines; our actual and planned investments, including in research and development, capital expenditures, joint ventures, and other collaborations with third parties; our ability to meet our sustainability goals and targets; levels of global infrastructure spending; government policies; our expected cash generation and management; our lean operating model; our capital allocation framework, including organic and inorganic investments, share repurchases, and dividends; our restructuring programs; disputes, litigation, arbitration, and governmental proceedings involving us; the sufficiency and expected uses of our cash, liquidity, and financing arrangements; and our credit ratings.

Forward-looking statements reflect our current expectations, are based on judgments and assumptions, are inherently uncertain and are subject to risks, uncertainties, and other factors, which could cause our actual results, performance, or achievements to differ materially from current expectations. Some of the risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by forward-looking statements include the following:

  • Quality issues or safety failures among our products, solutions, or services;
  • Significant supply chain or logistics disruptions, including cost or availability of materials or components;
  • Disruptions or capacity constraints at our manufacturing or operating facilities;
  • Our ability to manage our costs and achieve anticipated cost savings;
  • Our ability to execute and estimate long-term service obligations;
  • Our ability to successfully compete;
  • Our ability to innovate and successfully commercialize new technologies and manage our product cycles;
  • Achieving expected benefits from strategic transactions, joint ventures, and other third-party collaborations;
  • Issues with grid connectivity or our customers’ ability to sell generated electricity;
  • Our ability to manage customer and counterparty relationships and contracts;
  • Our ability to maintain our investment grade credit ratings;
  • Our access to capital or credit markets or other financing on acceptable terms;
  • Decarbonization and energy-transition dynamics;
  • Changes in energy, environmental, and tax laws and policies;
  • Challenges of operating globally, including complex legal, regulatory, and compliance risks;
  • Natural disasters, physical effects of climate change, pandemics, and other emergencies;
  • Geopolitical events;
  • Our ability to meet sustainability expectations, standards, and goals;
  • International trade policies;
  • Our ability to obtain, maintain, and comply with approvals, licenses, and permits;
  • Our ability to comply with laws and regulations and related compliance costs;
  • Impacts from claims, litigation, regulatory proceedings, and enforcement actions;
  • Our ability to attract and retain highly qualified personnel and impacts from any labor disputes or actions;
  • Our ability to secure, deploy, and protect our intellectual property rights and defend against third-party claims;
  • Foreign currency impacts;
  • Our ability to realize the benefits from our separation from, and our obligations to, General Electric Company;
  • Our capital allocation plans, including the timing and amount of any dividends, share repurchases, acquisitions, organic investments, and other priorities;
  • The price, availability, volatility, and trading volumes of our common stock;
  • The amount and timing of our cash flows and earnings;
  • The impact of cybersecurity or data security incidents; and
  • Other changes in macroeconomic and market conditions and volatility.

These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements, and these and other factors are more fully discussed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections included therein, as may be updated from time to time in our Securities and Exchange Commission filings and as posted on our website at https://www.gevernova.com/investors/fls. We do not undertake any obligation to update or revise our forward-looking statements except as may be required by law or regulation. This press release also includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

Additional Information
GE Vernova’s website at https://www.gevernova.com/investors contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit this website from time to time, as information is updated, and new information is posted. Investors are also encouraged to visit GE Vernova’s LinkedIn and other social media accounts, which are platforms on which the Company posts information from time to time.

Additional Financial Information
Additional financial information can be found on the Company’s website at: https://www.gevernova.com/investors under Reports and Filings.

Conference Call and Webcast Information
GE Vernova will discuss its results during its investor conference call today starting at 7:30 AM Eastern Time. The conference call will be broadcast live via webcast, and the webcast and accompanying slide presentation containing financial information can be accessed by visiting the investor section of the website https://www.gevernova.com/investors. An archived version of the webcast will be available on the website after the call.

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About GE Vernova

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

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

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GE Vernova Foundation Invests in Energy Industry Skills Grant to Advance Critical Workforce Needs in Poland

8 min read
  • $800,000 USD investment in three-year skilling program focused on the energy sector 

  • Working with Assist International and Wroclaw University of Science and Technology on new curricula and new training lab 

Wroclaw, Poland (April 21, 2026) – As part of continued efforts to educate and train the next generation of global energy leaders, the GE Vernova Foundation today announced a grant of $800,000 USD to Assist International who will partner with Wroclaw University of Science and Technology to create a new technical training program in Wroclaw, Poland focused on building skills capacity in distributed energy systems and grid integration.

The three-year grant will support the creation of a training lab equipped with modern technology, alongside the development of a three-tiered, skills-based curriculum spanning introductory, intermediate, and advanced levels. The program will deliver hands-on technical training for vocational and technical students, undergraduate engineering students, and technicians, while offering scholarships to reduce financial barriers and expand access to training and economic opportunity for low-income learners. It will also help inspire the future workforce by engaging local middle and high school students through hands-on experiences in the lab, sparking curiosity and interest in energy-related careers. The three-year program anticipates reaching 800 students and learners.

“The GE Vernova Foundation is proud to support the next generation of energy leaders in Poland,” said Kristin Carvell, GE Vernova Foundation President and Chief Communications Officer, GE Vernova. “This workforce and skills development program focuses on practical training and educational opportunities that will help drive the future of energy in Europe and beyond.”

Poland is focused on building the workforce needed to transition its energy systems and modernize infrastructure to meet net-zero goals, with demand increasing for technicians and engineers with hand-on experience in renewable energy, grid integration, and modern power systems.

“Assist International is proud to partner with the GE Vernova Foundation and Wroclaw University of Science and Technology to expand hands-on training for Poland’s energy workforce. This initiative will equip learners with practical skills that open doors to opportunity and support the country’s transition to a more sustainable energy future,” said Cheri Reynolds, Vice President, Strategy & Programs, Assist International.

“The energy transition is a major challenge for Poland, but also an opportunity to develop new economic sectors and create jobs,” said Professor Waldemar Rebizant, Dean of the Faculty of Electrical Engineering, Wroclaw University of Science and Technology. “The advancement of modern renewable energy technologies, energy storage solutions, and the modernization of existing networks cannot succeed without conducting scientific research and training specialists. Collaboration with partners such as the GE Vernova Foundation helps us effectively carry out tasks related to the country’s energy security.”

With an estimated 30 million new energy jobs needed in the next five years, initiatives like this play a vital role in developing the technical skills and hands-on experience required for today’s energy workforce. The program helps build a pipeline of job-ready talent prepared to support the systems and technologies driving a more reliable, affordable, and sustainable energy future.

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About GE Vernova in Poland

GE Vernova has a long-standing and growing presence in Poland, playing a central role in the country’s energy transition and modernization. There are nearly 2,000 employees in Poland who work closely with our customers locally and globally to support the country’s economy. With a broad portfolio spanning nuclear, gas, steam, grid, and wind, GE Vernova is committed to the country’s sustainable development through advanced technologies, services, skilled employees, and an expanding local supplier ecosystem. With a robust footprint comprised of turbine manufacturing in Elblag , a generator factory and steam power services in Wroclaw and the Engineering Innovation Center for research and development in Warsaw, GE Vernova is supporting Poland’s goal to deliver reliable, affordable and secure energy on the path to net zero.

About GE Vernova Foundation

The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Following the spinoff of GE Vernova as an independent company in April 2024 and building on the 100+ year legacy of the GE Foundation, the newly formed GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. As the Foundation grows, its philanthropic strategy and programs will focus on growing stronger and more resilient communities and building the workforce needed to drive the energy transition forward. Learn more at www.gevernova.com/about/philanthropy.

About GE Vernova 
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 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.

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 Assist International

Assist International is a U.S.-based non-governmental organization that partners with changemakers around the world to provide solutions that save lives and build resilient communities. Founded in 1990, Assist International delivers sustainable programs in energy access, global health, education, clean water, and disaster relief, creating lasting impact across more than 65 countries. With over three decades of experience, the organization works alongside foundations, corporations, universities, governments, and NGOs to design and implement programs that drive measurable, scalable change. Learn more at www.assistinternational.org

About Wroclaw University of Science and Technology

Wroclaw University of Science and Technology is one of Poland’s leading technical universities, combining engineering, medicine, and social sciences to deliver future-oriented, interdisciplinary research that supports industry and responds to societal and economic needs. The university focuses on strategic areas including data science, artificial intelligence, cybersecurity, advanced materials, advanced manufacturing, electromobility, and health technologies, with electrical engineering embedded across these fields. Wroclaw Tech educates more than 21,000 students across 14 faculties and three branches, supported by over 2,400 academic staff. With a strong international community and extensive industry collaboration, the university translates research into impact, securing over 2,800 patents in the past decade and ranking among Poland’s national leaders in innovation.

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

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