Greenville, SC (January 15, 2025) – GE Vernova Inc. (NYSE: GEV) announced today the completion of the validation test campaign for its advanced Dry Low NOx (DLN) hydrogen combustion technology for B- and E-class gas turbines. The test campaign conducted at GE Vernova’s Global Technology Center in Greenville, South Carolina, demonstrated successful operation on natural gas and hydrogen blends and on 100% hydrogen with dry emissions below 25ppm NOx. GE Vernova currently plans to make the new DLN system available for new and existing B- and E- gas turbines as early as 2026.

GE Vernova is a world leader in gas turbine fuel flexibility, including over 120 gas turbines that have the capacity to operate or are currently operating on fuels that contain hydrogen, producing more than 530 Terawatt-hours of electricity over 8.5 million hours. This technology milestone announcement underscores GE Vernova’s continuous commitment to reduce the carbon emissions of its gas turbine generation fleet.

“We are proud to celebrate this technological advancement aiming to enable the decarbonization of our B- and E-Class fleet across the world,” said Jeremee Wetherby, Carbon Solutions leader, GE Vernova. “Developing a DLN combustion system able to burn 100% hydrogen safely and reliably is an engineering challenge. One of the ways hydrogen fuel differs from natural gas is that it burns much faster. Its flame speed is roughly eight times higher and presents risk of flashback. Through the test campaign, the GE Vernova team demonstrated very robust operation for the new DLN technology, without flash- back across a range of loads and fuel from pure natural gas to 100% hydrogen.”

Combustion dynamics or noise can be a challenge as well with hydrogen operation. The prototype performed very well in that category with relatively low levels even when operating on pure hydrogen. Test results also indicate that the technology can deliver higher availability and longer maintenance intervals comparable to current DLN combustors operating on natural gas. This is of particular importance for industrial customers who depend on gas turbines to power their operations reliably.

A new micromixer-based fuel air pre-mixer is foundational to the prototype combustor capability. GE Vernova’s research on micromixer technology started in 2005 as part of collaboration with the US Department of Energy. Micromixer-based fuel premixers have been part of the product portfolio for over 7 years notably on GE Vernova’s H Class gas turbine fleet. Recent research conducted at GE Vernova’s Advanced Research Center in NY and at the Global Technology Center in Greenville, SC focused on improving micromixer and axial fuel staging for hydrogen capability. This research culminated with the construction of a full size 6B DLN combustor prototype and testing in full scale conditions (pressure, flow, temperature) in the combustion test facility in Greenville, SC.

GE Vernova’s industrial gas turbines (B- and E-Class) are highly robust fleets, with an installed base of approximately 2800 units around the world powering industrial processes and operations around the clock. Hydrogen combustor options already exist today with ratings up to 100% hydrogen, however existing combustors use a diluent like water to manage emissions. The new H₂ DLN combustor technology is expected to present several benefits versus the existing systems:

• Eliminated use of water or other diluent
• Increased efficiency: 4 to 7% improvement in combined cycle heat rate
• Improved availability and longer maintenance intervals
• Reduced NOx emissions

“Through successful tests GE Vernova validated this new 100% hydrogen capable combustion technology, aiming to provide our B- and E-class industrial gas turbines owners with the maximum flexible operability range on natural gas, hydrogen or blends of both without the use of diluent like water for emissions abatement,” concluded Jeremee Wetherby.

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

TOKYO (January 9, 2025) - GE Vernova’s Onshore Wind business announced today that it has signed an order to provide 14 4.2MW-117m* turbines for the Iwaya and Shitsukari wind farms being developed by Eurus near Higashidori, Aomori Japan. The order was secured in the fourth quarter of 2024 and the projects are expected to reach commercial operations in 2028.

The projects will enable both companies to support Japan’s goal of increasing the share of the national electricity mix from renewable energy from 36% to 38% by 2030, as outlined by the Ministry of Economy, Trade and Industry’s 6th National Electricity Mix. The announcement represents the fourth time that GE Vernova has announced an order or milestone in Japan since the beginning of 2024, and will bring the total amount of energy being supplied in the country by GE Vernova wind turbines to 1.8 GW.

Gilan Sabatier, Chief Commercial Officer, GE Vernova’s Onshore Wind business said, “We appreciate the trust that Eurus has shown in our GE Vernova technology. We are pleased to be able to support them on this project and look forward to continuing to enhance our relationship with them as they work to bring online more renewable energy both in Japan and globally.”

Masaru Akiyoshi, Executive Vice President, Eurus Energy Holdings said, “We are excited to deliver another operating renewable energy project in Japan. We are grateful for the people of Higashidori Village, Aomori, the administrative agencies, all partners and stakeholders who support this project. We look forward to working with GE Vernova to build this new wind farm in Aomori to provide renewable energy, building on our existing collaboration”.

GE Vernova's Onshore wind business has a total installed base of more than 56,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers next-generation high-powered turbines at scale that drives decarbonization through high-quality, affordable, and sustainable renewable energy.

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*Note to Editors: GE Vernova’s 4.2 MW turbine with a 117-meter rotor is what we refer to as the 4.2 MW-117m.

About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

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. The business comprises the Offshore Wind, Onshore Wind, and LM Wind Power businesses. Technologies provided to customers include the Haliade-X platform, our offshore wind turbine, and the next generation high efficiency 3-megawatt onshore wind turbine, as well as maintenance solutions and life extension optionality.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy.

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.

Shenzhen, Guangdong Province, China (January 9, 2025) - GE Vernova Inc. (NYSE:GEV) and Harbin Electric today announced that Chinese state-owned power utility Shenzhen Energy Group Corporation Co., Ltd.‘s Guangming power plant has achieved the start of operation in Shenzhen Guangming, a district of Guangdong province in China. Powered by three GE Vernova 9HA.01 gas turbines, Guangming plant is expected to deliver up to 2 gigawatts (GW) of electricity to the most populous province in the country, with a population of approximately 127 million.

China aims to achieve a carbon emissions peak by 2030 and achieve carbon neutrality by 2060. Driven by these goals, the country is committed to reduce coal’s share of its energy mix and expedite the building of highly efficient gas-powered combined cycle plants, like Guangming power plant. This project is also aligned to local government policy reform in the Greater Bay Area focused on the coal-to-gas energy transition.

GE Vernova has collaborated with Shenzhen Energy Group for two decades, and both are committed to addressing the growing electricity needs while building a lower-carbon, more efficient and safer energy system in Guangdong. GE Vernova H-Class gas turbines not only have the ability to generate significant electrical output in a flexible and efficient way, but also help to ensure reliability of supply. This is crucial for the population of Guangdong province.

“Natural gas-fired generators have the lowest CO2 emissions of all fossil power generation fuels—and are ideal for countries like China where the need to transition from coal at scale while retaining reliability of supply is paramount,” said Xu Xin, President of GE Vernova Gas Power China Services. “We are excited to work together with Harbin Electric and bring our advanced HA technology, which offers among the lowest carbon emissions per amount of fossil fuel in the industry, to give power plant operators, like Shenzen Energy Group, the ability to use fossil fuels more efficiently and lower carbon emissions compared to older coal power plants.”

To further advance on the path towards decarbonization utilizing gas power, GE Vernova 9HA.01 gas turbine has the capability to burn up to 50% by volume of hydrogen when blended with natural gas—offering a pathway for even lower carbon emitting operations.

For this project, Harbin Electric provided steam turbines and generators, and the gas turbines were provided by the Joint Venture called General Harbin Electric Gas Turbine (Qinhuangdao) Co., Ltd (“Joint Venture”), which was formed in 2019 between GE Vernova and Harbin Electric as a joint effort to focus on heavy duty gas turbine localization, aiming to deliver more efficient and reliable support for China natural gas power plants.

Operating in China for over 40 years, GE Vernova has been delivering innovative products and services that create significant value for its gas power generation customers, helping power plant operators to tackle the energy transition challenge. GE Vernova Gas Power serves more than 110 customers and more than 240 gas turbines in China, with an installed power capacity of 50 gigawatts (GW). To date, GE Vernova has secured six HA projects with 13 9HA gas turbines in China, delivering a total capacity of nearly 10 GW.

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

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.

GE Vernova and Harbin Electric
GE Vernova’s Gas Power has continuously deepened its cooperation with its local partner, establishing a strategic partnership with Harbin Electric. The two companies established Qinhuangdao Energy Service Center in 2004, focusing on the maintenance and services of heavy-duty gas turbines hot gas path components. From 2017, GE Vernova entered this strategic partnership to build a gas turbine manufacturing joint venture in Qinhuangdao. GE Vernova has long operated with a commitment to a comprehensive localization structure that effectively increases its responsiveness to customer needs and reduces the cost of new units and services.

CAMBRIDGE, Mass. (January 8, 2025) – GE Vernova Inc. (NYSE: GEV) is scheduled to release its fourth quarter and full year 2024 financial results on Wednesday, January 22, 2025, before market open. GE Vernova CEO Scott Strazik and GE Vernova CFO Ken Parks will discuss the company’s financial results in a webcast at 7:30 AM ET, which can be accessed at https://www.gevernova.com/investors/events/ge-vernova-4th-quarter-2024-earnings-webcast.

The earnings press release and supplementary financial information, including reconciliations of non-GAAP financial measures, will also be posted at the same link on the GE Vernova Investor Relations website. A replay of the call will be made available as a direct download on GE Vernova’s 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.

SINGAPORE (January 6, 2025) - GE Vernova Inc. (NYSE: GEV), with support from the Singapore Economic Development Board (EDB), today announced plans to invest USD$20 million to introduce development of next-generation repair capabilities and technologies for GE Vernova’s High Efficiency, Air-Cooled (HA) gas turbines at its Advanced Manufacturing Repair Technology (AMRT) Center located at the Global Repair Service Center in Singapore. This investment follows GE Vernova’s 2019 announcement to invest up to USD$60 million over 10 years to make the Global Repair Service Center in Singapore a world leader in power generation technology development, implementation and repairs. This commitment is designed to strengthen current HA repair capacity in the region through the introduction and development of repair capabilities and innovative robotic technologies leveraging AI, the implementation of lean methodologies and the hiring of over 100 technical roles in the next five years.

The announcement was unveiled during a signing ceremony for an agreement between GE Repair Solutions Singapore Pte. Ltd. a wholly owned subsidiary of GE Vernova, with EDB and GE Vernova’s leadership attending, including Scott Strazik, GE Vernova’s CEO, and Png Cheong Boon, EDB Chairman, and Cindy Koh, EDB Executive Vice President.

Gas is going to play an incredibly important role this decade and our gas turbine installed base is growing rapidly in Asia. A dollar invested in gas isn't a dollar invested in carbon forever as GE Vernova’s gas power technology is engineered to support the path towards decarbonization adopting pre- or post-combustions solutions.

“With today’s commitment and EDB’s support, our Global Repair Service Center in Singapore is set to become a beacon of innovation in repair capabilities by introducing new and groundbreaking technologies to meet our customer’s needs. We believe that the Singapore-GE Vernova collaboration will lead to another important building block of success for the long-term future of Singapore and the region with more innovative gas turbine repair technology,” said Ramesh Singaram, President and CEO, Asia at GE Vernova’s Gas Power. “Owners of HA gas turbines in the region will benefit from improvements to lead time and delivery of repair components in support of their outage needs. As Asia’s population and power demands continue to grow, GE Vernova intends to expand our capabilities to better support HA repair capabilities in the region with this facility.”

Currently over one-third of GE Vernova’s HA gas turbines are located in or are on order for the region. Asia’s projected continued growth trajectory also means the percentage of HA turbines in the region is expected to grow.

GE Vernova’s H-Class Combined Cycle power plant is engineered to support the path towards decarbonization of gas power. It is the most responsive and flexible in the industry enabling grid operators to dispatch power quickly and a great complement to intermittent renewables sources. Currently, the HA gas turbines have the capability to burn up to 50% by volume of hydrogen when blended with natural gas, with a technology roadmap to achieve 100% hydrogen in this platform in the next decade.

“We welcome GE Vernova’s investment to introduce repair capabilities for new generations of gas turbines and technologies in advanced robotics at its Singapore facility, which is one of its top-performing repair centers globally,” said Cindy Koh, Executive Vice President, EDB. “This reflects the capabilities of our advanced manufacturing ecosystem in supporting companies in new product introduction and manufacturing process development. Singapore continues to invest in innovation so we can be a strong partner for companies in advanced manufacturing.”

The facility is now one of GE Vernova’s largest gas turbine repair facilities globally with special capability for HA gas turbines. GE Vernova’s world-class manufacturing and services facility in Greenville will continue to represent the company’s largest gas turbine manufacturing plant and the HA Repairs Center of Excellence for the Americas Region, with the most powerful off-grid gas turbine validation facility in the world.

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Signing ceremony picture (left to right):
EDB Officials: Stanley Toh, Senior Associate, Mobility & Industrial Solutions (M&I), EDB; Teo Yi Yun, Senior Manager, M&I, EDB; Lim Tse Yong, SVP & Head, (M&I), EDB; Cindy Koh, Executive VP Advanced Manufacturing, EDB; Png Cheong Boon, Chairman, EDB; GE Vernova officials: Scott Strazik, CEO, GE Vernova; Ramesh Singaram, President & CEO, Gas Power Asia, GE Vernova; Zoltan Horvath, Global Supply Chain Development Leader, Gas Power, GE Vernova; Dominic Ang, Executive Plant Director, GRSS, GE Vernova; Venkat Kannan, President Commercial, APAC & China, Gas Power Asia, GE Vernova.

Seoul, South Korea (December 23, 2024)— GE Vernova Inc. (NYSE: GEV) today announced that it has been chosen through its joint venture, KAPES, by Korea Electric Power Corporation (KEPCO) to deliver its advanced High Voltage Direct Current (HVDC) system, based on Line Commutated Converter (LCC) technology,  for the 500 kV Donghaean #2 to Dong-Seoul HVDC converter station project (EP2). This project, part of a larger 4 GW HVDC transmission link, is planned to connect South Korea’s power generation complex on the east coast to the Seoul metropolitan area and is intended to be the largest power grid infrastructure initiative in the country’s history.

The EP2 project complements the EP1 project, which is also being executed by GE Vernova through KAPES. Together, EP1 and EP2 projects are designed to provide a stable and reliable power supply to the Seoul metropolitan area, which accounts for approximately 40% of South Korea’s energy demand. Both projects are expected to benefit from GE Vernova’s advanced HVDC technology, designed for efficient long-distance power transmission and enhancing grid resilience to meet growing energy needs.

GE Vernova’s scope for the EP2 project includes the engineering and delivery of HVDC Valves and Control Systems based on LCC technology, essential for the stable transmission of large-scale power. The project underscores the increasing demand for technology from GE Vernova’s Electrification segment, which continues to grow rapidly.

KEPCO’s Vision for a Sustainable Energy Future

KEPCO is prioritizing advanced HVDC technology as a critical enabler of South Korea’s energy transition. The EP2 project is designed to provide efficient and stable power transmission to key industrial regions while laying the groundwork for a sustainable and resilient energy network.

Mr. Yu-won Kang, CEO of KAPES,said, "The EP2 project reinforces KAPES' position as the leading HVDC provider in Korea in collaboration with GE Vernova, further demonstrating its proven technological expertise and project management capabilities. KAPES is proud to support KEPCO in Korea's energy transition and play a pivotal role in stabilizing the nation's power grid.”

“Our Electrification segment is the fastest-growing part of GE Vernova, with significant growth ahead,” said Johan Bindele, Business Leader at GE Vernova’s Electrification Systems. “We are committed to delivering innovative solutions that electrify the world while decarbonizing it, as electrification becomes critical for enabling a sustainable and resilient energy future in Asia and beyond. We are proud of our 26-year relationship with KEPCO, our continued collaboration reflects our shared commitment to providing advanced solutions that address the evolving needs of power infrastructure.”

"Projects like EP2 are pivotal in enabling South Korea’s energy transition,” said Shailesh Mishra, Regional Leader of Grid Systems Integration in Asia Pacific at GE Vernova. “By deploying advanced HVDC technology, we are not only enhancing the efficiency and reliability of the country’s grid but also laying the foundation for greater integration of renewable energy. Collaborating with KEPCO through KAPES allows us to deliver transformative solutions that align with South Korea’s vision for a sustainable energy future.

KAPES: Strengthening South Korea’s Power Grid

KAPES, the joint venture between KEPCO and GE Vernova established in 2012, has been instrumental in delivering various important projects that address South Korea’s unique energy needs. In addition to EP1 and EP2, key initiatives include the Buk-Dangjin-Godeok HVDC Connection, a 3 GW transmission link supplying power from the Dangjin power plant to Seoul and its surrounding regions, and the Shin-Bupyeong HVDC Link, a 500 MW Back-to-Back Voltage Sourced Converter (VSC) system in Incheon designed to alleviate grid overloads. These projects collectively underscore KAPES’ role in strengthening South Korea’s power grid and advancing its energy infrastructure.

The Role of HVDC in Korea’s Energy Transition

High Voltage Direct Current (HVDC) technology is essential in the global shift toward sustainable energy systems as it supports efficient and reliable power transmission over long distances. HVDC system based on the Line Commutated Converter (LCC) technology uses thyristor-based power semiconductors to transfer large amounts of power—up to 8 GW—with low energy losses. Its ability to handle bulk power transmission while providing built-in protection against faults makes it ideal for strengthening South Korea’s power grid and supporting the integration of renewable energy.

In South Korea, HVDC aims for enhanced efficiency and stability in transmitting power over long distances, supporting bi-directional energy flow and facilitating renewable energy integration. EP2 is intended to provide a reliable link between the East Coast’s power generation facilities and the high-demand metropolitan area, including semiconductor manufacturing hubs in Yongin, Incheon, and Pyeongtaek.

GE Vernova in Korea

GE Vernova is a major player in the power sector in South Korea. The company has been present in South Korea since 1976, working closely with local companies to support the country’s growth in the energy sector.

-ENDS-

Notes to Editors:

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.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

GE Vernova’s Grid Solutions business electrifies the world with advanced grid technologies and systems, enabling power transmission and distribution from the point of generation to point of consumption, and supporting a decarbonized and secured energy transition.

NISKAYUNA, New York (December 19, 2024) – Signaling a significant alliance in the energy transition landscape, GE Vernova’s (NYSE: GEV) Advanced Research Center (ARC) has supplied a 3.4-140m, 81m hub height wind turbine to the National Renewable Energy Laboratory (NREL). This transaction represents a deeper, strategic relationship aimed at enabling groundbreaking collaborative research using GE Vernova's assets - underscoring the potential for government and private sector cooperation to drive innovation and progress in critical areas of energy research.

GE Vernova’s 3.4 MW-140m wind turbine will serve as the research platform with NREL, the leading US government laboratory on wind research, in a project funded through a Department of Energy (DOE) solicitation. The fields of exploration encompass several critical areas, each aimed at advancing wind technology and energy systems, including grid testing, installation and services technologies, sensors and controls, mechanical systems, advanced aerodynamic solutions, direct current (DC) coupling and battery energy storage systems (BESS), and hydrogen electrolyzers to improve energy efficiency and storage. These areas align with GE Vernova’s strategic priority to facilitate widescale deployment of large-scale wind energy systems – key to which are advancements in sensors that expand observability, advanced models that capture complex atmospheric and structural behaviors, and sophisticated algorithms and analytics that optimize turbine coordination and resilience.

“By integrating GE Vernova’s 3.4 MW-140m wind turbine into ongoing and new joint research projects, NREL and GE Vernova can accelerate the development of these critical technologies,” says Matt Guyette, Strategy and Product Leader of GE Vernova’s Wind business, “with the aim of making large-scale wind energy systems more accessible and efficient.”

This transaction enables both organizations to leverage each other's expertise and resources to drive innovation and advance critical wind technologies - creating a platform for groundbreaking research that would be difficult to achieve independently. “GE Vernova’s Advanced Research Center’s provision of this turbine to NREL for use in energy research is crucial for advancing wind technologies and accelerating decarbonization efforts for both organizations," says Rogier Blom, Renewables Breakthrough Technologies Leader at GE Vernova’s Advanced Research Center. "This strategic research relationship supports cutting-edge research for next-generation wind turbines, cost-effective renewable energy, and grid integration."

This collaboration not only advances wind technology but also renewable energy solutions. NREL is particularly interested in using this turbine to research green hydrogen production. Wind energy, which can be more consistent than solar, can significantly boost the efficiency and scale of hydrogen production, contributing to lower carbon energy alternatives. This research focuses on directly coupling wind turbines into a DC power architecture, enabling smoother integration with electrolysis systems rather than connecting them to the grid. This dedicated approach is particularly crucial for heavy industries like steel manufacturing, where a steady supply of green hydrogen supports decarbonization and creating a more sustainable global economy.

The 3.4 MW-140m turbine will be installed in 2026 at the NREL Flatirons site, home of the National Wind Technology Center, in Colorado, where it will join a fleet of equipment dedicated to advancements in energy research.

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About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. GE Vernova’s Advanced Research business is an innovation powerhouse, operating at the intersection of science and creativity to turn cutting edge research into impactful realities. Advanced Research collaborates with GE Vernova’s businesses across a broad range of technical disciplines to accelerate the energy transition.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy.

Learn more: GE Vernova and LinkedIn.

Forward Looking Statements
This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

ATLANTA, GA (December 16, 2024) - GE Vernova Inc. (NYSE: GEV) today announced it has secured an order to provide its H-Class natural gas-fired combined cycle power generation equipment for Generadora San Felipe Limited (GSF)’s Sant Felipe 470 megawatts (MW) plant power station in Punta Caucedo, Boca Chica, Dominican Republic. This project marks GE Vernova’s first H-Class gas turbine order in the Caribbean. It will contribute to the implementation of Dominican Republic’s climate ambitions and sustainable development goals by supporting the rapid expansion of renewable energy through its dispatchable power profile.

The Caribbean country, one of the fastest growing economies in Latin America, has in recent years managed to switch most of its oil-fired generation capacity to natural gas. Natural gas accounts for nearly half of all energy generated in the Dominican Republic and plays a crucial role in the country’s energy transition, as it supports and complements the expansion of renewable sources. Natural gas-fired combined cycle power plants are the lowest emitting fossil fuel power plants, whether measured based on CO2, SOx, NOx, particulate matter, or mercury.

“Our new plant, powered by GE Vernova’s highly efficient H-Class technology, will support our efforts to deliver less carbon-intensive and more reliable electricity, which is fundamental for the country’s productivity growth, and people’s wellbeing” said Antonio Ramirez, General Manager of Generadora San Felipe. “We trusted the solid reputation of HA technology and turned to GE Vernova, an innovation leader in the path towards decarbonization, based on a longtime collaboration between our two companies.”

The new San Felipe power plant features one multi-shaft generating block, equipped with GE Vernova 7HA.02 gas turbine coupled to an H65 generator, an STF-A650 steam turbine coupled to an H35 generator, a triple pressure with reheat Heat Recovery Steam Generator (HRSG), and a condenser.

“The development of San Felipe power plant is a very ambitious project, and we are proud to support it,” said Dave Ross, President of GE Vernova’s Gas Power in the Americas region. “Once completed, the power plant is expected to be among the most efficient power plant in the Caribbean and can be configured with post-combustion carbon capture systems to significantly reduce carbon dioxide emissions. In addition, our GE Vernova HA gas turbine is highly fuel flexible and able to operate on a variety of fuels, including blends of hydrogen and natural gas to offer multiple pathways to reduce carbon emissions and work towards near-zero operations in the next decade.”

With the highest number of H-Class units achieving commercial operation, GE Vernova’s HA gas turbines have accumulated more than 2.5 million commercial operating hours continuing to be the fastest growing fleet in the heavy-duty gas turbine H-Class segment. The fleet boasts an installed capacity of more than 53 gigawatts (GW) of power, the equivalent capacity needed to power nearly 40 million American homes. HA gas turbines can save over 3.3 metric tonnes of CO2 emissions per year, per unit compared to an average coal-fired plant of the same size. This is equivalent to removing 680,000 cars off the road for every HA unit deployed.

San Felipe power plant, built by the Spanish engineering procurement construction (EPC) company TSK Electrónica y Electricidad S.A. (Grupo TSK), is expected to start its operation in 2027.  The plant is located next to AES/ENADOM LNG terminal, with a total storage capacity of LNG of 250,000 m3.

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Notes to editors

Financial Editors:  Please note this order was booked in the second quarter of 2024.

Forward Looking Statements

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

About GE Vernova

GE Vernova (NYSE: GEV) is purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. 
GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and gas power plant technologies and services with the industry’s largest installed base of approximately 7,000 gas turbines. Learn more: GE Vernova and LinkedIn.

CAMBRIDGE, Mass. (December 16, 2024) – GE Vernova Inc. (NYSE: GEV) today announced that, in consortium with Drydocks World, it has been awarded the Ostwind 4 project by 50Hertz, a leading German Transmission System Operator (TSO). The project involves the design, construction, and commissioning of a 2-gigawatt (GW) High-Voltage Direct Current (HVDC) electric transmission system—the first of its kind in the German Baltic Sea—connecting an offshore wind farm to the German grid.

Located in the Arkona Basin, approximately 30 kilometers northeast of Rügen Island, the Ostwind 4 project will transport up to 2 GW of offshore wind energy via the HVDC system to the mainland, delivering renewable electricity equivalent to the amount needed to power nearly two million households. Provisionally scheduled for completion by the end of 2031, the project is expected to feature an advanced bipolar HVDC transmission system operating at 525 kilovolts (kV), ensuring efficient energy transport with minimal losses over long distances.

Collaborating to Drive Germany’s Renewable Energy Ambitions

The GE Vernova–Drydocks World consortium is responsible for delivering both the offshore converter platform and the onshore converter station, enabling seamless transmission of electricity from offshore wind farms in the Baltic Sea to the German transmission grid. As the consortium leader, GE Vernova will supply advanced HVDC technology, including voltage-sourced converters (VSC), high-voltage transformers, g³ gas-insulated switchgear (GIS), air-core reactors, as well as civil works for the onshore converter station and grid automation telecommunications equipment.

The project will also benefit from GE Vernova’s new HVDC Competence Center in Berlin, which is focused on developing leading-edge technology to improve grid stability and integrate more renewable energy.

Drydocks World will be responsible for designing, fabricating, and installing the offshore converter platform, including the jacket substructure and topside. This advanced infrastructure, built at Drydocks World’s Dubai facility, features a U-shaped jacket substructure with integrated nature-inclusive scour protection to enhance marine biodiversity while minimizing environmental impact.

Germany’s Energy Transition Goals

Germany is at the forefront of the global energy transition with its ambitious Energiewende framework, which aims to phase out coal entirely by 2030 and achieve net zero emissions by 2045. As per the German Climate Law, 80% of electricity supply must come from renewable sources by 2030, with a target of 100% by 2035. Projects like Ostwind 4 are crucial in meeting these goals, enabling the efficient transmission of renewable energy from offshore wind farms to the national grid and reducing dependence on fossil fuels.

Stefan Kapferer, CEO 50Hertz, said, “The awarding of the contract to GE Vernova and Drydock World marks the beginning of a new chapter in the use of wind energy in the Baltic Sea. 50Hertz is the first transmission system operator to deploy 2 GW / 525 kV technology in this sea area. This is pioneering work. We want to ensure that the entirety of the technically and economically viable offshore wind energy potential in the Baltic Sea is exploited, primarily with the help of direct current technology. To do this, we need to think and act in an even more networked way across national borders. One prerequisite for this is the creation of legal and regulatory conditions that enable wind farms in the waters of other EU states to be connected to the German transmission grid. “

Philippe Piron, CEO of GE Vernova's Electrification business, said, “Ostwind 4 represents a crucial milestone in our mission to electrify and decarbonize with the energy to change the world. By leveraging our advanced HVDC technology, this key infrastructure project underscores the essential role of offshore wind to ensure European energy security and to accelerate the global energy transition. This order also highlights the rapid growth in GE Vernova's Electrification segment, our fastest growing business, as our customers invest in the grid. We are very proud to collaborate with 50Hertz and Drydocks World to advance Germany’s renewable energy goals and set a new standard for a resilient and sustainable grid infrastructure.”

Johan Bindele, Leader of Grid Systems Integration at GE Vernova’s Grid Solutions business, added, “Ostwind 4 demonstrates the advancements in HVDC technology that GE Vernova delivers to support the integration of renewable energy sources at transformative scales. The use of our Voltage-Sourced Converters, g³ gas-insulated switchgear, and robust system design ensures not only efficient power transmission but also operational reliability over long distances. We are honored to lead this project in collaboration with our consortium partner Drydocks World and support 50Hertz in pushing the boundaries of energy innovation.”

Sultan Ahmed Bin Sulayem, Group Chairman & Chief Executive Officer, DP World, said: " We are pleased to see Drydocks World playing a pivotal role in the Ostwind 4 Project, a testament to its technical excellence and commitment to advancing renewable energy infrastructure. This reflects DP World’s ongoing commitment to enabling a clean energy future by supporting innovative projects that drive sustainability and economic growth. As the global energy landscape evolves, we remain dedicated to leveraging our expertise and innovative capabilities to support initiatives that drive clean energy transitions and economic development.”

Accelerating The Energy Transition Through Advanced Grid Technology

HVDC technology is critical in supporting the efficient and reliable transmission of renewable energy across long distances. Unlike the AC systems, HVDC can transmit three times the power with up to 50% fewer losses. HVDC systems equipped with Voltage-Sourced Converter (VSC) technology further enhance the controllability and stability of power flows, making them ideal for integrating variable energy sources such as wind and solar into the grid.

GE Vernova’s g³ gas-insulated switchgear further supports the energy transition by providing a more environmentally sustainable alternative to SF₆ gas, a potent greenhouse gas traditionally used in high-voltage equipment. The g³ technology is part of company’s GRiDEA portfolio, a suite of decarbonization solutions that empower grid operators to address their net-zero objectives. Launched in 2014, g³ shows an approximately 99% reduction of greenhouse gas contribution to global warming, compared to SF₆, aligning with the decarbonization goals of the global energy sector. Together, HVDC and SF₆-free solutions represent key innovations necessary to decarbonize and modernize the grid infrastructure for a more sustainable energy future.

-ENDS-

Image: After the symbolic signing of the contract: Standing f.l.t.r.: Stefan Hartge (GE Vernova), Marco Nix (50Hertz), Capt. Rado Antolovic (Drydocks World). Sitting f.l.t.r.: Johann Bindele (GE Vernova), Stefan Kapferer (50Hertz), HE Sultan Admed Bin Sulayem (Dubai Port World). 50Hertz / Kathrin Heller.

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.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

GE Vernova’s Grid Solutions business electrifies the world with advanced grid technologies and systems, enabling power transmission and distribution from the point of generation to point of consumption, and supporting a decarbonized and secured energy transition.

Last April, GE Vernova launched as a standalone company with a mission to electrify and decarbonize the world. The catalyst behind the change the company is creating is its 75,000-strong global team — their ideas, their energy, and their commitment. Meet a dozen of the people who helped GE Vernova get off to a running start.

The Enlightener: Vera Silva