Cambridge, MA (September 5, 2025) - This week, GE Vernova completed the sale of an onshore blades factory in Goleniów near Szczecin, Poland, previously owned by LM Wind Power, to Vestas. This follows the agreement signed on 15 May 2025 and the successful completion of all necessary regulatory approvals.

LM Wind Power CEO, Hanif Mashal, said: “We are pleased to complete the transfer of this facility to Vestas. This transaction enables us to simplify our business and reinvest the capital into core EU manufacturing facilities producing GE Vernova wind products to better serve our loyal customer base in the region.”

GE Vernova has a total installed base of approximately 57,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers the next-generation high-powered turbines at scale that drives decarbonization through high-quality, affordable, and sustainable renewable energy.

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

CAMBRIDGE, Mass. (August 27, 2025) – GE Vernova Inc. (NYSE: GEV) today announced that Lola Lin will join the company as Executive Vice President, Chief Legal Officer and Corporate Secretary and a member of the GE Vernova Executive Leadership Team, effective September 15, 2025.

Lola brings more than 25 years of legal expertise and joins GE Vernova from Howmet Aerospace Inc., where she served as Executive Vice President, Chief Legal and Compliance Officer and Secretary. At Howmet, Lola was a member of the Executive Leadership Team and led its Global Legal, Ethics and Compliance functions.

Prior to joining Howmet in 2021, Lola served as Senior Vice President and General Counsel for Airgas, Inc.  In addition, she has held various roles at Air Liquide USA LLC, Dell Inc., Sutherland Asbill & Brennan LLP and Locke Liddell & Sapp LLP.  Lola holds a bachelor’s degree from The University of Texas at Austin and her law degree from the University of Houston College of Law.

“I’m thrilled to welcome Lola to the team as our Chief Legal Officer,” said Scott Strazik, CEO of GE Vernova. “She brings extensive global experience across complex industrial businesses, and I’m confident that her leadership will help drive GE Vernova forward as we continue to advance our mission to both electrify and decarbonize the world.”

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

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

Increased capacity for hydropower

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

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

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

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

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

Investments in grid protection

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

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

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

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

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

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

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

Notes to editors

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

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

CAMBRIDGE, Mass. (August 26, 2025) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer and President Scott Strazik will present at the 13th Annual Morgan Stanley Laguna Conference in Laguna Beach, California on Thursday, September 11, 2025, at 7:45 AM PDT. Strazik will speak to investors in a fireside chat, highlighting how GE Vernova is delivering on growing demand at the beginning of the electricity investment supercycle.

The conference webcast and replay will be available through GE Vernova’s Investor Relations website at https://www.gevernova.com/investors/events.

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.

Several forces within GE Vernova align in its new Energy of Change in Action storytelling campaign: a century-old commitment to breakthrough ideas, the relentless optimism of the company’s employees, and their common sense of purpose in meeting tomorrow’s challenges today. From developing advanced grid technologies in France to leading wind services in Brazil to managing turbine sites around the world, GE Vernova’s brilliant engineers are driving the energy transition forward.

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

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

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

Momentum around the BWRX-300 continues to build globally. Construction of the first BWRX-300 is underway at Ontario Power Generation’s (OPG) Darlington site near Toronto. A total of four units are planned for the site. The U.S. Nuclear Regulatory Commission has accepted and is reviewing Tennessee Valley Authority’s (TVA) application to construct the first BWRX-300 in the U.S., at the utility’s Clinch River site in Oak Ridge, Tennessee. OPG, TVA, Duke Energy and Synthos Green Energy in Poland are investing in the standard design of the BWRX-300. These developments support GVH’s progress and leadership in scaling and deploying SMRs commercially to customers around the globe.

Schenectady, NY (August 19, 2025) – With global energy demand at historic levels, today GE Vernova announced a new $41 million investment in its historic Schenectady facility to expand generator capacity by expanding the company’s Center of Excellence for Steam and Generator assembly and testing. This new funding is expected to add 50 new jobs at the facility, helping meet global customer demand. The state of New York’s Excelsior Jobs Program has also awarded GE Vernova $1 million towards completing this project.

“We are committed to meeting the needs of our customers and the world as demand for electricity continues to rise at historic rates,” said CEO Scott Strazik. “This investment in our Schenectady facility continues our work to build gas power capacity and help meet global energy needs.”

“New York State is paving the way for manufacturing, research and development for innovative energy technologies — bringing the State closer to a cleaner future for generations to come,” Governor Kathy Hochul said. “With the State’s public-private partnership with GE Vernova, we’re bringing in good-paying jobs to Upstate New York and promoting sustainability from the tip of Long Island to the Erie Canal.”

The new funding will allow for enhancements to the manufacturing of GE Vernova’s H65 and H84 generators, which accompany the company’s most efficient HA gas turbines.

GE Vernova has a 130-year legacy in New York state, which is home to our Gas Power and Onshore Wind businesses and our Advanced Research Center. This latest investment is in addition to more than $130 million in investments GE Vernova announced in Schenectady since 2023, including a $50 million investment in 2023 to build a new manufacturing line in Schenectady that created more than 200 new jobs and a $80 million investment announced this January for gas power and onshore wind work.

Strazik added, “Our Schenectady facility provides an amazing opportunity to cultivate and invest in our talent in the Capital Region, and we thank the state of New York for their support. We have called this region home for more than a century, and we are proud to continue to move that legacy forward.”

Companywide, this year GE Vernova has announced $720 million in investments at its U.S. manufacturing facilities and 1,800 new U.S. jobs over the next two years. These investments are part of a larger $9 billion cumulative global capex and R&D investment plan through 2028 that was announced at the company’s Investor Update in December 2024.

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

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

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

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

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

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

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

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

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