New Delhi, India (June 4, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement with Powerica Limited to supply 28 of its 3.8 MW–154m* onshore wind turbines for the Botad Wind Farm in Gujarat, India. The 100 MW project marks the debut of GE Vernova’s 3.8 MW workhorse turbine in the Indian market, a key milestone in the company’s strategy to expand its onshore wind portfolio in one of the world’s fastest‑growing renewable energy markets.

The deal includes turbine supply and installation and further strengthens a partnership that has now delivered four wind farm projects together. Powerica secured the project’s Power Purchase Agreement (PPA) through a competitive auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). Deliveries for the project are expected to begin in the fourth quarter of 2026.

GE Vernova also announced that it has been certified by India’s Ministry of New and Renewable Energy (MNRE) and included on the Approved List of Models and Manufacturers of Wind Turbines (ALMM)—a mandatory requirement for wind turbine OEMs participating in India’s wind market.

The project will be supplied from GE Vernova’s manufacturing facility in Pune, India. At full capacity, the site is expected to support up to 1,500 MW of annual production capacity, strengthening local manufacturing capabilities and reinforcing GE Vernova’s long‑term commitment to India’s wind industry.

India has set a target of 500 GW of non‑fossil energy capacity by 2030, including 100 GW from wind power. GE Vernova’s Wind business surpassed 5 GW of installed capacity in India in 2025, underscoring the company’s long‑standing role in supporting the country’s renewable energy growth.

Deepak Maloo, General Manager of GE Vernova’s Onshore Wind business in India, said: “We are thrilled to partner with Powerica once again as we launch our newest workhorse turbine in India. The 3.8 MW–154m turbine is designed to deliver efficiency, reliability, and strong performance for India’s wind conditions. With ALMM certification and local manufacturing in Pune, we are well positioned to support our customers as India accelerates toward its 500 GW renewable energy ambition.”

Pradeep Gupta, Whole Time Director, Powerica Limited said: “We’re pleased to be partnering with GE Vernova for our fourth project in the state of Gujarat. The debut of GE Vernova’s 3.8 MW–154m workhorse turbine, optimized for reliability and scale in the Indian market, makes this collaboration especially significant. This 100 MW project will strengthen our IPP portfolio and further reinforce our commitment to delivering meaningful impact in the renewable energy sector.”

The 3.8 MW–154m turbine is designed to not only meet the specific needs of customers in India but enhance by offering industry leading features such as 30-year turbine life, advanced lightening protection and includes the first ever industry digital blade certificate on every blade produced. The 3.8 MW-154m also provides execution excellence with tabular steel tower and 650T crane install capabilities for faster and cost-effective execution. The 3.8 MW-154m has fleet leading service factors across major components delivering maximum uptime availability.

Like all GE Vernova wind turbines, the next‑generation units produced in India will use GE Vernova’s AI‑powered digital blade certification process, reinforcing the company’s commitment to quality and performance from design through operations.

GE Vernova’s presence in India spans more than 100 years. The company has a significant manufacturing and engineering footprint across the country, including a wind manufacturing facility in Pune, a Technology Center in Bengaluru, and a blade manufacturing facility in Vadodara, positioning GE Vernova to help deliver more sustainable, affordable, and reliable electricity across India.

GE Vernova’s Wind business has a global installed base of approximately 59,000 turbines representing nearly 120 GW of installed capacity worldwide. Its product portfolio includes next‑generation, high‑powered onshore wind turbines designed to scale renewable energy while supporting decarbonization goals.

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Fifteen years ago, the world’s power grids were starting to change fast. As coal plants retired and renewables expanded, power systems needed technology that could deliver both flexibility and scale. GE Vernova’s H-class gas turbine was built for that moment, and its record-breaking combined-cycle efficiency helped make it the fastest-growing fleet in its class.

The conditions for building new wind projects in Germany are evolving rapidly. Developers are working within a sophisticated landscape of auction tariffs and evolving regulations. Planning reforms have helped bring more permits into the industry, but auction volumes have not always kept pace. This environment rewards precision and high-level coordination.

As India grows, so does the need to deliver reliable, affordable electricity to the people and businesses that depend on it every day. Gujarat, one of the country’s sunniest regions, is an ideal place to generate large-scale solar power.

ATLANTA, GA - (May 26, 2026) - GE Vernova Inc. (NYSE: GEV) today announced that its HA gas turbine fleet has surpassed 4 million commercial operating hours worldwide, marking an important milestone for one of the power industry’s most advanced and efficient gas turbine technologies. 

Since the first HA unit entered commercial operation in 2016, the fleet has grown to 128 units operating across 21 countries and has generated approximately 74 gigawatts (GW) of power plant capacity, the equivalent electricity needed to power more than 55 million U.S. homes. Today, GE Vernova’s HA gas turbine is the world’s fastest-growing fleet in its class.

The milestone also highlights the growing performance of GE Vernova's HA services, as each new turbine commissioned today is typically accompanied by a long-term maintenance and performance contract that grows GE Vernova's high-margin services backlog for decades to come.

“Surpassing 4 million commercial operating hours is a strong validation of the HA fleet’s performance, reliability and relevance in today’s energy landscape,” said Eric Gray, CEO, GE Vernova’s Power Segment. “This milestone reflects the confidence our customers have placed in GE Vernova’s HA technology and its established role in supporting flexible power generation around the world.  As electricity demand rises and energy security is seen as national security, customers are increasingly focused on solutions that can deliver reliable, efficient, and more flexible power. Our HA fleet is helping meet that need today while continuing to evolve to support lower-emission power systems over time.”

Growing Global Demand for HA Technology

GE Vernova’s HA gas turbines were developed in the context of a fundamental shift in the global power sector, involving the replacement of aging coal-fired generation with more efficient, lower-emission, and flexible power while enabling greater renewable energy integration. That role is becoming increasingly important as electrification, industrial expansion, and rising demand from data centers and AI drive sustained pressure on power systems worldwide. 

In this environment, GE Vernova is seeing continued demand for gas power technologies as customers prioritize solutions that can be deployed at scale, operate efficiently and support grid reliability. As the installed HA fleet continues to expand, GE Vernova also sees growing services opportunities as customers seek to maintain performance, availability and operating flexibility across the lifecycle of these assets. 

As power needs continue to expand, GE Vernova is investing across its Gas Power manufacturing and services footprint—including in Greenville and Schenectady—to strengthen the capabilities needed for the future. GE Vernova’s nearly $300 million in planned investments in the Gas Power business underscores our commitment to helping customers deliver reliable, efficient, and more flexible generation at scale. This investment is part of a $700 million invested in meeting unprecedented customer demand across the company.

Recent milestones further illustrate the fleet’s global momentum. 

In the U.S., the HA has seen record success. One example is with Duke Energy securing  20 advanced HA gas turbines, several of which are included in a framework agreement executed in 2025. Several other traditional U.S. utilities have also entered into significant, multiunit HA agreements. Beyond traditional customers, a new, non-utility customer archetype is emerging from data centers. This includes hyperscalers and other project developers which represent approximately 20 percent of total gas turbines contracts

In Türkiye, GE Vernova and Enka Power announced the start of commercial operation at ENKA’s 850-megawatt (MW) Kırklareli power plant in Kırklareli, Türkiye. The facility marks the first HA-powered plant in the country, bringing GE Vernova’s total installed gas power capacity in Türkiye to 13.5 GW.

In the UK, GE Vernova is supplying a 9HA.02 gas turbine for the NZT Power project, expected to be the world’s first commercial-scale gas-fired power station equipped with carbon capture technology. Construction has started, and the gas turbine is expected to be shipped from GE Vernova’s Manufacturing Center in Belfort, France, in June.

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CAMBRIDGE, Mass. (May 19, 2026) – GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.50 per share quarterly dividend. The quarterly dividend will be payable on July 14, 2026, to shareholders of record as of June 16, 2026. 

Future dividend declarations will be made at the discretion of the Board of Directors and will be based on GE Vernova’s earnings, financial condition, cash requirements, prospects, and other factors. 

Additional Information

GE Vernova’s website at 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 www.gevernova.com/investors under Reports and Filings.

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, such as statements about possible future dividend declarations and payments. Forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from current expectations. These risks, uncertainties, and factors include those discussed in our most recent Annual Report on Form 10-K and in our subsequently filed Quarterly Reports on Form 10-Q, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operation" sections included therein, as may be updated from time to time in our filings with the U.S. Securities and Exchange Commission and as posted on our website at www.gevernova.com/investors/fls. GE Vernova does not undertake any obligation to update or revise its forward-looking statements except as required by law or regulation.