Leveraging AI to Manufacture High-Performance Magnets
A collaboration between: Rensselaer Polytechnic Institute (RPI), GE Vernova Advanced Research, and Ames National Laboratory
July 2026 – GE Vernova Advanced Research will lend its expertise in artificial intelligence, machine learning (AI/ML), and advanced manufacturing methods as a collaborator with Ames National Laboratory in a newly funded project led by Rensselaer Polytechnic Institute (RPI).
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SPIC Brasil and GE Vernova accelerate the modernization of the São Simão hydroelectric plant, achieving important performance milestones
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Collaboration in engineering leads to a significant reduction in unit downtime.
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Upgrade program enhances efficiency and safety for long-term national energy security.
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The transition to 100% digital control systems marks an upgraded standard for asset performance.
SÂO PAULO, Brazil (September 14, 2026) - SPIC Brasil, operator of the São Simão Hydroelectric Power Plant (UHE), located on the border between Goiás and Minas Gerais, and GE Vernova Inc. (NYSE:GEV) today announced the successful completion of the modernization of Generating Unit (UG) 3. This is the third unit, out of a total of six, to undergo complete renovation. This milestone was achieved in 10.3 months, a shorter period than that recorded in the previous units and below the regulatory limit of 12 months established by the National System Operator (ONS) and the National Electric Energy Agency (Aneel).
The modernization of the 1,710 MW power plant, which supplies energy to approximately 6 million homes, is being carried out by a consortium led by GE Vernova and including Powerchina, responsible for supplying the hydromechanical, SDSC, and electrical and mechanical BOP systems. By integrating specialized engineering, proprietary technology, and a unified focus on operational excellence, the project helps ensure that the plant will operate with superior reliability for the next 30 years.
Technical execution and operational synergy
The project involved extremely complex logistical and engineering challenges. The dismantling phase alone, necessary to begin the modernization, took approximately three months. During the process, teams moved gigantic structures, handling parts weighing up to 410 tons, including the operation of a 12-meter-high railcar gate.
With the delivery of UG3, the schedule is progressing and the team is already preparing for the shutdown of UG1, which will be the fourth generating unit on the list to begin its modernization cycle.
“The lessons learned during the modernizations of previous generating units have allowed us to put continuous improvement into practice, which is one of our company’s core principles. Furthermore, we are capturing synergies with the plant expansion project, the future UG7. Everything is very well connected. Even with distinct teams dedicated to each project, we operate with similar processes, share resources, and maintain a high level of collaboration to help ensure the excellence and safety of both projects,” highlights Adriana Waltrick, CEO of SPIC Brasil.
GE Vernova manages the entire engineering, integration, installation, and commissioning process for the plant’s main systems, including turbines, generators, and auxiliary equipment.
“The São Simão Hydroelectric Plant is a fundamental asset for the country’s energy. Completing this challenging stage, well below the average industry timeframe, reinforces the technical capacity of our team. This successful collaboration with SPIC Brasil and our consortium partner, applying lessons learned and utilizing GE Vernova’s experience in modernization projects, demonstrates how the efficient refurbishment of existing plants is, today, one of the smartest and most competitive ways to help support national energy security and update the infrastructure of the electricity sector,” stated Cláudio Trejger, CEO of Hydro Power at GE Vernova in Latin America.
Project scope and strategic investment
The robust modernization program is driven by an investment exceeding R$ 1.2 billion distributed over ten years. The initiative aims to increase the efficiency, reliability, and safety of the São Simão Hydroelectric Plant, helping to support its operational excellence for another three decades.
The complete project for the six units is expected for completion in 2029 and is structured in seven major packages, ranging from the replacement of transformers and the refurbishment of overhead cranes to the complete transition of control systems – which will change from an analog architecture to a 100% digital one.
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About SPIC Brazil
SPIC Brasil invests in the generation of secure energy, focusing on renewables and respecting the communities where it operates, contributing to the energy transition and boosting the country’s energy potential. With 5.6 GW of assets in Brazil (considering the total installed capacity of each), it operates the São Simão Hydroelectric Plant, on the border between Minas Gerais and Goiás; the Millennium and Vale dos Ventos wind farms in Paraíba; and holds a 70% stake in the Marangatu (PI), Panati (CE), and Luiz Gonzaga (PE) Solar Complexes. In addition, the company is building the Paraíso Farol and Pedra de Amolar wind farm complexes in Touros (RN), and is a shareholder in the largest natural gas complex in Latin America, GNA (Gás Natural Açu), in São João da Barra (RJ). For more information, please consult the SPIC Brasil Annual Sustainability Report on the website. The company is part of the SPIC Group, present in 47 countries, with more than 130,000 employees, 292 GW of installed capacity and constant investment in renewables, being the largest generator of solar energy and the second largest generator of wind energy in the world.
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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.
GE Vernova’s Hydro Power business produces advanced technologies that harness the power of water to help deliver reliable power to some of the world's largest economies and remote communities
© 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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Agathe Lefévre de la Houplière
GE Vernova | Senior Communications Manager, Hydro PowerSPIC Brazil
GE Vernova signs agreement to supply turbines for ESB’s Chleansaid Wind Farm in Scotland
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Order marks the first use in the UK of GE Vernova’s Cypress turbine
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Agreement to supply 16 onshore wind turbines totaling 96 MW builds on GE Vernova’s existing wind footprint and installed base
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Project features GE Vernova’s 6MW workhorse platform with split-blade technology that enables transport of larger blades to remote locations, ensuring maximum efficiency and energy capture
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Workhorse strategy features standardized, industrialized machines engineered for repeatable execution and long-term reliability.
Edinburgh, Scotland (September 3, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement* with ESB (Electricity Supply Board) to supply 16 units of its 6.1 MW-158m** onshore wind turbines for the 96 MW Chleansaid Wind Farm in the Scottish Highlands. The deal, which features a 20-year services agreement, uses turbines manufactured in Germany. With more than 1,800 turbines deployed across a wide range of applications and over 38 million operating hours, GE Vernova’s 6 MW products deliver versatility, dependability, and reliable lifetime performance.
All the turbines at this project will use GE Vernova’s proven split-blade technology that allows logistically challenging projects to unlock the advantages of a larger rotor and greater energy production. This technology facilitates the transport of larger blades to challenging, remote locations, ensuring maximum efficiency and energy capture.
This project reinforces the long-standing strategic relationship between GE Vernova and ESB, further supporting the UK’s goal of decarbonizing the power grid and expanding renewable capacity in Scotland. GE Vernova has also provided equipment for ESB through its Power and Electrification segments.
Gilan Sabatier, GE Vernova’s Chief Commercial Officer for Onshore Wind, international markets, said, "We are delighted to extend our support for ESB by supplying turbines for the Chleansaid Wind Farm. This will be the first use of our workhorse 6MW turbine in the UK, building on our existing UK footprint and installed base. By delivering our 6 MW workhorse platform with our proven split-blade technology, we are enabling ESB to maximize the production at this site."
Paul Lennon, Head of Renewables and Scottish Renewables Board Member, ESB, said, "Chleansaid marks a significant milestone for ESB as our first wholly developed onshore wind project in Scotland and is a significant step in delivering our renewable energy ambitions. Working with GE Vernova, we are proud to move the project into construction and support the transition to a secure energy future."
GE Vernova's Wind segment’s onshore portfolio reflects a deliberate workhorse strategy — standardized, industrialized machines engineered for repeatable execution and long-term reliability. With more than 59,000 turbines operating globally, its experience informs every product it designs, manufactures, and deploys.
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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.
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.
Note to Editors:
*The order was booked in the 3Q of 2026.
**GE Vernova’s 6.1 MW turbine with a 158-meter rotor is referred to as the 6.1 MW-158m and is also known as our Cypress turbine.
© 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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Michael Lapides
GE Vernova | Vice President of Investor Relations
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Studsvik, GE Vernova Hitachi and Samsung C&T commit to advancing 1.2 GW nuclear power project in Sweden
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Following a competitive evaluation process, Studsvik has selected GE Vernova Hitachi Nuclear Energy and Samsung C&T as its strategic collaborators for its first nuclear project in Sweden, planned for either at its existing licensed site in Nyköping or the Målma site in Valdemarsvik.
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Together with GE Vernova’s Financial Services business and DS Investment Partners, the companies will advance an initial four-unit BWRX-300 project in Sweden with 1.2 GW of nuclear capacity. The first unit expected to enter operation in the mid-2030s.
NYKÖPING, Sweden (3 September 2026) - Studsvik AB (publ), GE Vernova Hitachi Nuclear Energy, GE Vernova’s Financial Services business, DS Investment Partners and Samsung C&T today announced an agreement to advance the ReFirm nuclear program at Studsvik’s sites in Sweden. The agreement is exclusive for a fixed period, which the parties may extend.
ReFirm is Studsvik’s multi-site small modular reactor (SMR) and new nuclear program, added through its acquisition of Kärnfull Next (KNXT) earlier this year. KNXT has worked with GE Vernova Hitachi on BWRX-300 deployment in Sweden since 2022 and entered into a strategic teaming agreement with Samsung C&T in December 2024. Today's announcement advances plans for the Nyköping and Valdemarsvik sites, with an initial four-unit BWRX-300 project totaling approximately 1,200 MWe planned for one of the two locations.
At Nyköping, Studsvik operates an existing licensed nuclear facility. At Valdemarsvik, an application was submitted in March 2026, the first made under Sweden’s new legislation requiring government approval for nuclear facilities. Which site hosts the first project will be decided during the development work.
The phased, multi-unit structure is intended to support standardization across the program and creates opportunities to capture lessons learned from early deployment and apply them to subsequent units, helping improve cost, schedule and productivity outcomes.
It will also help increase Swedish industrial participation throughout engineering, procurement, construction, and long-term operations. This reflects the broader objective of building a supply chain that can help support not only the first project, but also follow-on units and wider deployment opportunities in Sweden and Europe.
The agreement marks the next phase of development and does not constitute a final investment decision or authorization to construct. The parties will begin joint development work immediately, including commercial, technical, regulatory and financing activities during the exclusivity period.
Studsvik leads permitting, the environmental impact assessment, site rights, community engagement and the dialogue with the Swedish state. GE Vernova Hitachi leads reactor engineering, licensing support and cost estimation and acts as engineering authority, and, together with Samsung C&T, acts as the execution team, giving the project single-point responsibility for construction and execution. During the exclusivity period, DS Investment Partners, a South Korean investment firm, will lead the investment and GE Vernova’s Financial Services business will participate in an advisory and financial structuring capacity in support of the consortium.
A project company will be established to support development, financing, construction, ownership and operation of the plants, with details to be finalized in definitive agreements.
Sweden is expanding nuclear capacity under legislation in force since 2026 that permits reactors at sites beyond the three existing plants and requires government approval for each, supported by a state financing framework of loans and two-way contracts for difference.
“Sweden’s electricity supply is a long-term play: existing nuclear capacity is ageing, and demand for baseload power is growing. To meet that, we have looked for long-term partners and for the conditions that let projects like this succeed. In GE Vernova Hitachi and Samsung C&T we have found them. We intend to build the first project either on an existing nuclear site or on greenfield. One plant is a project. Four is the start of an industry.”
Karl Thedéen, President and Chief Executive Officer, Studsvik
“Today’s announcement is about helping Sweden turn its energy ambitions into reality in a timeframe that matters for its communities and industries. The country has a strong foundation of nuclear expertise and operational excellence, and the BWRX-300 combines boiling water reactor technology with the lessons being learned every day at the Darlington New Nuclear Project in Canada. Together with a growing global pipeline of projects across North America and Europe, this experience gives Sweden access to a technology that is moving from first-of-a-kind deployment toward fleet-scale execution.”
Jason Cooper, Chief Executive Officer, GE Vernova Hitachi Nuclear Energy
“Samsung C&T is honored to partner with Studsvik, GE Vernova Hitachi and the other members of the development team to support Sweden’s next generation of nuclear energy. By combining proven technology, world-class EPC execution, operational excellence and financing capability, we are establishing a strong foundation for the successful development of the ReFirm program. We are equally committed to strengthening Sweden’s industrial capability, expanding local supply chains and building a long-term strategic partnership that creates lasting value for Studsvik and Sweden.”
Oh Se-chul, President and Chief Executive Officer, Engineering & Construction Group, Samsung C&T
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Notes to editors: Signing ceremony photograph names (left to right): Jason Cooper, Oh Se-chul, Karl Thedéen, Seung Su Kang, Leo Fortey
About Studsvik
Studsvik is an independent nuclear technology company active across the full nuclear lifecycle, from new build development to existing fleet services, operations support and decommissioning. Its reactor analysis software is used at more than half of the world’s commercial reactors, and its hot cell laboratories in Nyköping test fuel and materials for fission and fusion applications worldwide. Studsvik also provides radiation protection services and technology for treating radioactive waste, and handles and packages radioisotopes for healthcare and industry. ReFirm is Studsvik’s platform for new nuclear development in Sweden. Founded in 1947 as the center of Sweden’s national nuclear program, Studsvik today serves operators, fuel vendors, technology developers and regulators in more than 20 countries, has approximately 540 employees in six countries, and is listed on Nasdaq Stockholm (SVIK).
About Samsung C&T
Samsung C&T’s Engineering & Construction Group has more than 40 years of engineering and construction experience operating throughout the world. The group spans commercial and residential buildings, civil infrastructure and plant construction. Its landmark projects include Burj Khalifa, the world’s tallest building, the ongoing Riyadh Metro Project in Saudi Arabia, the Qurayyah 4,000MW CCPP Project, and the ongoing Qatar 2,000MW Solar Power Project. In the nuclear energy sector, the company has successfully delivered 12GW across 10 units, including the 5.6GW Barakah Nuclear Power Plant in the UAE. It has recently undertaken the Nuclear Power Plant refurbishment project and Front-End Engineering Design (FEED) for Small Modular Reactors (SMRs), demonstrating its global competitiveness in large-scale reactor and SMR technologies, and solidifying its expertise across all areas of the nuclear industry.
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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.
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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Michael Lapides
GE Vernova | Vice President of Investor Relations
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GE Vernova CEO Scott Strazik to speak at 14th annual Morgan Stanley Laguna conference
CAMBRIDGE, Mass. (September 1, 2026) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer and President Scott Strazik will present at the 14th Annual Morgan Stanley Laguna Conference on Wednesday, September 16, 2026, at 7:45 AM PDT. Strazik will speak to investors in a fireside chat, highlighting how GE Vernova’s platform of solutions is well-positioned to serve the growing, long-cycle electric power market.
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.
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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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Investor inquiries
Michael Lapides
GE Vernova | Vice President of Investor Relations
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Adam Tucker
GE Vernova | Director of Financial CommunicationsGE Vernova Announces Chief Financial Officer Transition
CAMBRIDGE, Mass., (August 27, 2026) – GE Vernova (NYSE: GEV) today announced that Claire McDonough will join the company as Chief Financial Officer (CFO). Claire will join in November 2026 before transitioning fully into the CFO position on January 1, 2027.
The appointment of Claire concludes an extensive process to identify the right CFO for the next stage of the company’s profitable growth after Ken Parks shared his desire to retire in 2027.
“I want to thank Ken for his impactful leadership as the first CFO for GE Vernova,” said GE Vernova CEO Scott Strazik. “He successfully leveraged his prior three public company CFO roles to build a strong foundation of financial processes while continually exhibiting a deep understanding of our business and strong ability to translate complex topics into clear and compelling messages.” Ken will continue as GE Vernova’s CFO through 2026 inclusive of the third and fourth quarter earnings calls and the publishing of the 2026 10-K and will then transition into a Strategic Advisor role in the first quarter of 2027 and retire in April of 2027.
Claire currently serves as CFO of Rivian, a position she has held since 2021. During her tenure, she guided Rivian through its initial public offering (IPO) and has managed multiple complex, multi-billion-dollar initiatives—including Rivian’s joint venture with Volkswagen Group. She is responsible for the Company’s financial activities including financial planning & analysis, accounting, treasury, tax, and investor relations. She is also lead for Rivian’s corporate and business development, strategy, vehicle maintenance and repairs, facilities, and charging network.
“I’m incredibly excited to welcome Claire as our incoming CFO,” Strazik continued. “She brings a sophisticated blend of capital markets expertise and hands-on operational leadership. Claire is a highly disciplined, detail-oriented leader who thrives in complex, mission-driven environments. I am confident she’s the right leader for GE Vernova as we continue to grow profitably as a company and advance the future of energy.”
Before joining Rivian in January 2021, Claire served as a Managing Director in Investment Banking and co-head of the Disruptive Commerce Group at J.P. Morgan. Prior to this, she held various financial leadership roles at Fairway Market and Credit Suisse. She has also served on the Board of Directors of AutoZone since 2025. She graduated with a Bachelor of Arts from Duke University where she was a two-sport varsity athlete. She earned her Master of Business Administration at the University of Chicago’s Booth School of Business.
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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.
Investor inquiries
Michael Lapides
GE Vernova | Vice President of Investor Relations