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

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

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

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

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

GE Vernova has been playing a pivotal role in fostering the evolution of the Kingdom’s energy infrastructure for almost 90 years, supporting economic diversification, localization, high value exports, and talent development efforts and still does so today in support of Saudi Vision 2030.

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

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Notes to editors

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

GE Vernova’s action on electrification and decarbonization go hand in hand with a vision of optimism for the future of energy and sustainability. See how GE Vernova is building the energy of change inside its manufacturing floors.

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

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

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

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

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

GE Vernova’s Nuclear Power business, through its global alliance with Hitachi, is a world-leading provider of nuclear fuel bundles, services, and advanced nuclear reactor designs. Technologies include boiling water reactors and small modular reactors, such as the BWRX-300, which is one of the simplest, yet most innovative boiling water reactor designs. On May 8, the Province of Ontario and Ontario Power Generation (OPG) approved the deployment of the first BWRX-300 at the Darlington nuclear site in Ontario, Canada. Additionally, on May 20 Tennessee Valley Authority submitted application for construction of first BWRX-300 small modular reactor in the US. These milestones will make the BWRX-300 the first SMR to be built in the Western world and mark a significant step forward in advancing nuclear innovation, reinforcing GVH’s leadership position in scaling SMRs commercially. The technology and engineering are developed at the nuclear headquarters in Wilmington, NC.

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

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

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

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

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

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

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

About GE Vernova Hitachi Nuclear Energy
GE Vernova’s Nuclear Power business, through its global alliance with Hitachi, is a world-leading provider of nuclear fuel bundles, services, and advanced nuclear reactor designs. Technologies include boiling water reactors and small modular reactors, such as the BWRX-300, which is one of the simplest, yet most innovative boiling water reactor designs. GE Vernova’s Nuclear fuel business, Global Nuclear Fuel (GNF), is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE Vernova-led joint venture with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan.
HITACHI is a trademark of Hitachi, Ltd. used under trademark license. GE is a trademark of General Electric Company used under trademark license.

GREENVILLE, South Carolina (May 22, 2025) – Last week, GE Vernova and Clemson University celebrated the graduation of 33 students from Next Engineers, a global college-and career-readiness program creating opportunities for young people to become engineers. This is the second graduating class of Next Engineers: Engineering Academy students in Greenville, South Carolina.

Thirty-three students from the program’s second Academy cohort celebrated their graduation alongside family, friends, GE Vernova, and Next Engineers leaders at Clemson University’s Conference Center & Inn. Clemson University is the educational partner for the local Next Engineers program, which was established in 2021.

John Intile, Vice President, Engineering GE Vernova, told the graduates that they are critical to driving transformation and shaping a better, brighter, more sustainable future for all.

“You are the embodiment of the energy of change. Your education--and this program--has equipped you with the skills, knowledge, and resilience required to make a meaningful impact in whatever path you choose. As you prepare to enter this next chapter, know that your GE Vernova family will be with you sharing their resilient optimism in you and the future you will create. We believe wholeheartedly that each one of you has the energy to change the world.”

Students who complete the Engineering Academy program and enroll in a qualified engineering or engineering-related degree program receive scholarships to support their education toward becoming engineers. To date, the Next Engineers program in Greenville has reached nearly 5,400 students and awarded over $900,000 in scholarships to qualifying graduates.

Serita Acker, the executive director of Clemson’s PEER & WISE, said that the skills and knowledge students have received have laid a solid foundation and she is proud to witness this second cohort pursue engineering degrees at institutions across the country.

“Now in our fourth year, Next Engineers continues to transform lives by investing in the future of STEM and empowering the next generation of diverse innovators. I am especially grateful for the Clemson University faculty, staff, students, and graduate students for their continued engagement, as well as for the partnership and support from Upstate high schools who help make this initiative possible.”

The Next Engineers: Engineering Academy is a transformative learning experience designed for students aged 15 to 18. Through a rigorous curriculum, immersive design challenges, and career coaching, students learn to think and act like engineers. The program is supported by Clemson who equips participants with the skills needed to build an engineering identity and pursue successful careers in engineering fields. GE Vernova engineers and employees from Greenville, S.C., actively engage with the program through skill-based volunteering, donating over 1,200 hours last year.

Next Engineers is not the only way the community has committed to producing the next generation of STEM talent. The GE John Lammas Annual Scholarship, funded by GE Vernova in Greenville, provides $8,000 scholarships to undergraduate students majoring in general engineering, chemical engineering, computer engineering, computer information systems, electrical engineering, industrial engineering, mechanical engineering and materials science and engineering.

For more information about Next Engineers and the Engineering Academy, visit NextEngineers.org.

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About Next Engineers
Next Engineers, a program originally funded by the GE Foundation in 2021, now known as the GE Aerospace Foundation, is a college and career readiness program dedicated to inspiring and preparing the next generation of engineers. Through innovative programs, mentorship, and community partnerships, we empower young minds to shape a better future through engineering.

About Clemson University
One of the most productive public research universities in the nation, Clemson University attracts and powerfully unites students and faculty whose greatest desire is to make a difference in the lives of others. Ranked among the best national public universities by U.S. News & World Report, Clemson is dedicated to teaching, research, and service. Our main campus, located in Upstate South Carolina, sits on 1,400 acres in the foothills of the Blue Ridge Mountains, along the shores of Lake Hartwell. We have a presence in every South Carolina county through research facilities, economic development hubs and Innovation Campuses. Through the research, outreach and entrepreneurial projects led by our faculty and students, Clemson University is driving economic development and improving quality of life in South Carolina and beyond.

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

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

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

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

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

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


 

Hammerfest, Norway (May 21, 2025) – GE Vernova Inc. (NYSE: GEV) today announced the forthcoming deployment of two high-voltage 420 kV sulfur hexafluoride - free (SF₆-free) gas-insulated substations (GIS) for Statnett SF, Norway’s Transmission System Operator (TSO), and Equinor ASA. Awarded in the fourth quarter of last year, the contract covers the design, supply, and installation of GIS units at Skaidi and Hyggevatn as part of Statnett’s 420 kV transmission line project—an important milestone supporting Norway’s energy transition and decarbonization effort.

The Skaidi substation involves upgrading the existing facility, while the Hyggevatn substation will be a completely new installation. Together, they aim to modernize Norway’s electrical grid, increase capacity, and electrify Melkøya Island, home to Equinor’s Snøhvit gas field and Hammerfest LNG plant. This initiative aligns with Statnett’s and Equinor’s commitment to achieving a sustainable energy transition while reducing greenhouse gas emissions.

The design of these next-generation substations will be based on GE Vernova’s g³ technology, which replaces SF₆ gas, a potent greenhouse gas commonly used in high-voltage equipment. The g³ technology is part of GE Vernova’s GRiDEA portfolio, a suite of decarbonization solutions that empower grid operators to meet their net-zero objectives. Launched in 2014, g³ gas shows an approximately 99% reduction in greenhouse gas contribution to global warming compared to SF₆, supporting the energy sector’s decarbonization goals.

Driving decarbonization of the grid across Europe

“This project in Norway is the latest of many contracts that we have signed for our new SF₆-free 420 kV T155g GIS since our first one in Scotland in 2020. GE Vernova’s g³ product portfolio has experienced strong commercial growth since the launch of our first SF₆-free product, underscoring the trust placed in g³ by over 60 utilities in Europe and Asia,” said Eric Chaussin, Power Transmission Business Leader at GE Vernova’s Electrification segment. “This marks another important milestone in our journey to electrify and decarbonize the world’s grids. We are proud to support the climate ambitions of Norway.”

GE Vernova’s g³ technology roadmap covers a wide range of voltage levels, from 72.5 kV up to 550 kV. The EU Commission LIFE Programme recognized the potential of this innovative technology by co-funding the development of the SF₆-free 420 kV GIS interrupter under the "LifeGRID" project. The g³ technology is now enabling utilities to take immediate action to reduce the carbon footprint of their high-voltage power grids, supporting their decarbonization goals.

Statnett’s Skaidi and Hyggevatn substations are expected to become operational by 2029. GE Vernova has a  track record of successful GIS Substations in Norway, including in Oslo Smestad, Sogn, and Hamang.

-ENDS-

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 address GE Vernova's expected future business and financial performance, 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 business operations, financial results and financial position and on the global supply chain and world economy

The peculiar machine described in the 1920 issue of GE Review — essentially a giant engine designed to produce no mechanical power — seems like nothing more than a charming relic from the early years of electrification.

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

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

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

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

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

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

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About GE Vernova Hitachi Nuclear Energy
GE Vernova’s Nuclear energy business, through its global alliance with Hitachi, is a world-leading provider of nuclear fuel bundles, services, and advanced nuclear reactor designs. Technologies include boiling water reactors and small modular reactors, such as the BWRX-300, which is one of the simplest, yet most innovative boiling water reactor designs. GE Vernova’s Nuclear fuel business, Global Nuclear Fuel (GNF), is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE Vernova-led joint venture with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan. HITACHI is a trademark of Hitachi, Ltd. used under trademark license. | GE is a trademark of General Electric Company used under trademark license.

Tucker, GA (May 20, 2025) – Today, Oglethorpe Power announced a major milestone in its efforts to supply its 38 member electric cooperatives with more generation to help meet Georgia’s growing electricity demand, selecting GE Vernova’s 7HA.03 combined-cycle technology for its new natural gas plant in Monroe County. As part of the agreement, GE Vernova is expected to supply two of its high-efficiency 7HA.03 gas turbines, two H84 hydrogen-cooled generators, two triple-pressure with reheat Heat Recovery Steam Generators and two STF-D600 steam turbines with H65 hydrogen-cooled generators. The gas turbines are manufactured in GE Vernova’s Greenville, South Carolina facility. In addition, GE Vernova is selected to provide a 20-year long-term service agreement, including all services and parts for the HA gas turbines, steam turbines and associated generators, to maintain the highest availability and reliability possible.

“GE Vernova’s advanced combined-cycle technology and services will help make Oglethorpe Power’s new Monroe County facility among the highest-performing, lowest-emitting and most efficient natural gas plants in Georgia,” said Oglethorpe Power President & CEO Annalisa Bloodworth. “We are proud to secure the technology for this critical energy project at a time when utilities across the globe are seeking solutions to meet rapidly growing energy demand. Once operational, this facility is expected to generate more than 1,400 megawatts of reliable energy for our members and the Georgia communities they serve.” Oglethorpe Power has collaborated with GE Vernova for many years to maintain and enhance existing turbines within its diverse resource portfolio.

“We are honored to have been selected to provide our highly efficient H-Class combined-cycle equipment for Oglethorpe Power’s new plant in Georgia,” said Dave Ross, CEO of GE Vernova’s Gas Power Americas region. “GE Vernova’s HA gas turbine fleet is among the most responsive and flexible in the industry, and we’re proud to support Oglethorpe Power and its members in meeting the state’s growing energy demands by delivering reliable electricity powered by our cutting-edge and highly efficient technology.”

Oglethorpe Power has expanded its generation capacity with eight natural gas-fired acquisitions in Georgia over the last 16 years, totaling more than 3,600 megawatts, and has also significantly invested in emission-free nuclear energy with the completion of the Vogtle expansion project. Additionally, the company co-owns Units 1 and 2 of Plant Scherer, a coal-fired generation facility also located in Monroe County, which provides more than 1,000 megawatts of dispatchable energy, providing tremendous reliability to the electric grid through onsite fuel storage. Oglethorpe Power also owns and operates more than 800 megawatts of pumped-storage hydroelectric generation.

As a result of this diverse generation portfolio, Oglethorpe Power projects that its carbon emissions intensity rate will decline by 41 percent by the end of 2025 compared to 2005 levels, while at the same time anticipating a 68 percent increase in the energy it generates for its member cooperatives. Oglethorpe Power’s investment in GE Vernova’s highly efficient technology will continue to support the company’s measured transition to a lower-carbon future.

Following a successful permitting process for the Monroe County combined-cycle project, Oglethorpe Power plans to begin work onsite as early as Fall 2025 and break ground shortly thereafter, with commercial operation expected to begin in 2029. Once all necessary permits have been received, additional details on the construction process and timeline for the project will be available at www.opc.com/newgeneration.

END

Notes to editors:
The Oglethorpe Power project is tied to a Slot Reservation Agreement signed with GE Vernova in 4Q 2024. The order is expected to be booked in 2025.

About Oglethorpe Power

Oglethorpe Power is among the nation’s largest power supply cooperatives and is one of the largest energy producers in Georgia. With more than $16 billion in assets, Oglethorpe Power owns and operates a diverse portfolio of resources to provide reliable, affordable, safe and environmentally responsible energy to 38 consumer-owned, not-for-profit Electric Membership Cooperatives (EMCs) that provide retail electricity to approximately 4.7 million Georgians. Through its investment in nuclear, natural gas, hydro and coal resources, Oglethorpe Power’s generation fleet has a combined capacity of more than 9,300 megawatts. For more information, visit www.opc.com.

Contact:                      Blair Romero

Phone Number:          770-270-7290

Email:                         blair.romero@opc.com 

CAPE TOWN, SOUTH AFRICA (May 20, 2025) – GE Vernova Inc. (NYSE: GEV) today announced the successful completion of the modernization of global energy and chemical company Sasol’s Secunda power plant in Mpumalanga, South Africa. The modernization included the replacement of the existing pre-combustor system with a new DLN1+ combustor supplemented by the Fuel Gas Module (FGM) skid to increase the operational efficiency of the two installed 9E gas turbines and reduce carbon emissions.

This project serves as a model for modernizing power plants across Africa. As the continent faces increasing energy demands, initiatives like this highlight how innovative solutions can enable more efficient energy production with reduced emissions, without requiring entirely new infrastructure.

The upgrade led to significant improvements, including:

• Reduction of NOx emissions significantly below the guaranteed values of 25 ppm, representing a reduction of three quarters from previous level.
• Avoidance of using water as a diluent with the DLN technology, with an expected water consumption saving equivalent to about 64 Olympic pools per turbine annually.
• There was an efficiency improvement compared to the previous combustor, translating to approximately 10,000 metric tons less CO2 emitted per gas turbine, supporting Sasol’s environmental objectives.
• Extension of the maintenance intervals, reducing downtime and operational costs.
• Enhanced reliability of the power supply delivered to the national grid.

"This project exemplifies our purpose to electrify the world," said Joseph Anis, President and CEO of GE Vernova's Gas Power business in Europe, Middle East, and Africa. "Building on our advanced combustion technologies, we are helping Sasol address South Africa’s energy needs more efficiently. Together, we are demonstrating how advanced technologies can deliver tangible benefits for both businesses and communities."

This project will be showcased at Enlit Africa, taking place from 20 – 22 May at the Cape Town International Convention Centre (CTICC) in Cape Town, South Africa. GE Vernova’s participation will include interactive activities at booth C22 in Hall 3 and speaking sessions covering a wide range of topics, including: a keynote on technology driven transformation, smart grids and the future of energy management, digitization and modernization of projects and accelerating women in energy.

GE Vernova has contributed to the development of the energy infrastructure in Africa for over a century, supporting power generation, transmission and distribution solutions, energy sector software applications, talent development, and community outreach.