CAMBRIDGE, Mass. (November 20, 2024) - GE Vernova Inc. (NYSE: GEV) today announced that One Grid Operation AS has purchased its GridOS® orchestration software to help deliver more secure, reliable, and sustainable electricity to customers. One Grid Operation is owned by two of Norway’s distribution system operators, Tensio AS and Linea AS.

GridOS is the first software portfolio designed specifically for grid orchestration. It’s comprised of a platform and suite of applications enabling secure, reliable grid orchestration while also delivering the resiliency and flexibility utilities need to modernize and transform to a sustainable energy grid. By selecting GridOS, One Grid Operation will have a modern solution with several key components:

• A built-in Zero Trust security model to help protect resources from inside and outside threats.
• The first grid-specific data fabric enabling operators to integrate traditionally siloed data across operational technology (OT), information technology (IT), and external sources (e.g. weather). This provides the foundation for utilities to use artificial intelligence and machine learning (AI/ML) to automate grid operations, which is likely to prove crucial to adopting renewables at scale. GridOS Data Fabric builds on GE Vernova’s acquisition of Greenbird Integration Technology AS in 2023.
• Composable, intelligent grid applications. One Grid Operation plans to implement GE Vernova’s Advanced Distribution Management System (ADMS) for secure management of the distribution grid and Distributed Energy Resource Management System (DERMS) for managing a broad array of distributed energy resources (DERs), such as wind power, battery storage, electric vehicles, and more.

One Grid Operation plans to implement GE Vernova’s GridOS orchestration software over the next three years. The company has chosen to utilize a hybrid cloud strategy, with ADMS deployed on-premise and the other GridOS applications running in the Amazon Web Services (AWS) Cloud. This strategy helps to enable One Grid Operation to meet energy demands with greater speed and agility by unlocking data, increasing visibility, and accelerating decision-making. Once the implementation is complete, the company will deliver grid control room services to owners Tensio and Linea. “This is a big and important milestone for us,” said Anna Nysetvold, CEO of One Grid Operation. “I look forward to embarking on this journey with Tensio and Linea’s skilled teams and in close collaboration with GE Vernova.”

Tensio and Linea formed One Grid Operation to achieve the highest standard of excellence when it comes to supplying electricity in Norway. Tensio is the country’s third largest power grid company and operates the regional and distribution network in the central county of Trøndelag. Linea is responsible for delivering power to over 46,700 customers in Helgeland in Northern Norway.

“The energy landscape is getting more complex by the day. Demand for electricity is at an all-time high, extreme weather events are becoming more common, and renewable but intermittent energy sources are on the rise. To deal with these types of change drivers while continuing to deliver on the efficiency and security of our supply, we clearly see the need to significantly strengthen ourselves on the technology side,” Audhild Kvam, CEO of Tensio, and Steinar Benum, CEO of Linea, noted in a joint statement. “After a lengthy market assessment, we’re pleased to announce we’ve selected GE Vernova to support us in enabling smarter, better, more efficient management of our electricity supply and operations in the years to come.”

Mahesh Sudhakaran, General Manager of GE Vernova’s Grid Software business, stated, “GE Vernova is delivering a new era of energy, and a key tenant of how we’re doing that is with our GridOS orchestration software. We’re proud to be the technology partner of choice for One Grid Operation. Our data integration team in Oslo and global power system experts look forward to advancing capabilities that’ll help Tensio and Linea deliver more secure, reliable, and sustainable electricity to their customers.”

GE Vernova’s software helps manage some of the most progressive power grids in the world. For more information, click here.

GREENVILLE, S.C. (November 18, 2024) – GE Vernova, Inc. (NYSE: GEV) today announced that it has signed a definitive agreement to acquire Woodward, Inc.’s (NASDAQ: WWD) heavy duty gas turbine combustion parts business based in Greenville, S.C. This transaction is an important component of GE Vernova’s strategy of investing in U.S. manufacturing and jobs and strengthening its domestic supply chain.

“We are excited to acquire and integrate this critical capability for our domestic supply chain as we continue to see increasing demand for our heavy-duty gas turbines and upgrades globally,” said Eric Gray, President & CEO, GE Vernova’s Gas Power business. “Welcoming these experts to our Greenville, S.C., team will further enable us to address this growing demand from our customers and meet the electrification needs of our country while serving as an indicator of our commitment to the industry and the community.”

Under the terms of the agreement, and subject to meeting all closing terms and conditions, GE Vernova is expected to acquire all assets related to Woodward, Inc.’s Greenville site, which today is nearly entirely dedicated to supplying parts and services to GE Vernova’s gas turbine manufacturing operations. GE Vernova has had a significant presence in the Greenville area for more than 50 years with current operations including manufacturing and testing gas turbines, providing global engineering support and other activities.

“We are pleased to sign this agreement with GE Vernova,” said Chip Blankenship, Chairman and CEO of Woodward. “This targeted transaction is good for our customer and members and will allow us to focus resources on products that will drive the most value as part of Woodward. I am grateful for our Greenville members’ longtime dedication to Woodward and to serving the customer. They will have opportunities to continue their great work as GE Vernova takes on ownership of the operations.”

While financial terms of the acquisition are not being made public, the transaction is expected to close in early 2025, subject to certain closing conditions. GE Vernova is working closely with the Woodward team to enable a smooth transition for employees in Greenville.

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About Woodward, Inc.
Woodward (NASDAQ: WWD) is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.

NISKAYUNA, New York. (November 18, 2024) – GE Vernova's Advanced Research business has been selected by The U.S. Department of Energy (DOE) Advanced Research Projects Agency-Energy (ARPA-E) to receive an award as part of their new H2SENSE Exploratory Topic, aimed at supporting innovative approaches for hydrogen gas detection and quantification across the hydrogen supply chain. The growth of the hydrogen economy is anticipated to play a crucial role in global decarbonization efforts, necessitating advanced atmospheric hydrogen sensing technologies to mitigate any potential near-term warming effects that could result from a larger hydrogen economy.

Hydrogen is a low carbon energy source and decarbonization agent for industry and transportation. Hydrogen, though not a direct greenhouse gas due to its inability to absorb infrared light, can indirectly extend the lifetime of greenhouse gases such as methane and ozone.

“The ability to detect and quantify hydrogen will enable the safe and economical expansion of the hydrogen economy while mitigating its climate impact,” said ARPA-E Director Dr. Evelyn Wang. “These highly sensitive and selective hydrogen sensors combined with quantitative modeling will enable industry to achieve these goals.”

“GE Vernova Advanced Research will deploy a high-fidelity and cost-effective gas sensing technology based on dielectric excitation of sensing materials and will couple it with physics enhanced analytics to detect and identify hydrogen leaks at industrial sites,” says Radislav A. Potyrailo, Senior Principal Scientist with GE Vernova's Advanced Research and the Principal Investigator on the H2-LOCATE project. “This technology will differentiate and rank multiple leaks with a spatial resolution of 10 meters with a detection sensitivity of 5-10 parts per billion of hydrogen in air. The cost-effective and simple deployment of these hydrogen leak monitors will support the evaluation of hydrogen sites across diverse geographic locations and climate conditions, ensuring safe, environmentally sound, and economically viable growth of the hydrogen industry.”

This $2,700,000 project, titled "H2-LOCATE: H2 Leak LOCAlization and QuanTification Using Physics-Enhanced Analytics and Fence-Line Monitoring," is being conducted at GE Vernova's Advanced Research Center in Niskayuna, NY.

The initiative underscores GE Vernova's commitment to advancing sustainable technologies and providing critical solutions to support the expanding hydrogen economy.

Access complete project descriptions for each of the projects selected for H2SENSE here.

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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. Learn more: GE Vernova and LinkedIn.

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.

Forward Looking Statements
This press release 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.

Hanoi, Vietnam (November 14, 2024) – As part of its ongoing efforts to support skills development, the GE Vernova Foundation was joined by Asia Society for Social Improvement and Sustainable Transformation (ASSIST) and Electric Power University in Hanoi today to announce a 750,000 USD investment in the workforce supporting Vietnam’s energy sector.  The RENEW Skills grant which was awarded to ASSIST will create a three-year skilling and upskilling program focused on university and college students and current technicians with the goal of addressing the skilled labor needs across Vietnam’s renewable energy industry.

Within the next decade, one of the greatest challenges for the energy sector will be the increasing demand for workers with technical skills. The energy sector requires more highly skilled workers than other industries and the largest gap emerging in that workforce around the world is in vocational and technical roles. As Vietnam works to meet its 2050 Net Zero commitment, skilled workers and technicians will play a vital role in building a sustainable energy future. And because of that, and in alignment with the Just Energy Transition Partnership agreement announced in 2022, it is important to invest in new training and educational programs and drive awareness of these critical careers as Vietnam implements its Resource Mobilization Plan.

"Skills-based training is essential for driving the energy transition and advancing the technologies of the future," said Ramesh Singaram, Board Director, GE Vernova Foundation and President & CEO, Gas Power Asia, GE Vernova. "We are proud to collaborate with ASSIST on this important initiative in Vietnam. A skilled workforce is fundamental to a nation's economic growth and social progress. Through this program, we are excited to create new opportunities for economically disadvantaged communities, offering pathways to well-paying jobs that promote financial independence and support the well-being of workers, their families, and our world."

The RENEW Skills Development Program will focus on both the current workforce and the future generations of university and technical vocational college students, by providing access to new curricula and practical training focused on wind energy technology operations and maintenance, grid integration, and workplace safety. Five learning labs, including two Centers of Excellence will be established with educational partners and equipped with modern renewable energy technologies training equipment which will serve as hubs for course development, teacher capacity building and student training. The program anticipates reaching over 4,000 students and current technical workers over the next three years. 

“We are honored to partner with the GE Vernova Foundation and Electric Power University to equip current and future workers with the skills needed for the energy transition,” said Aru David, Regional Director, ASSIST. “At ASSIST, we are dedicated to contributing to inclusive skill development initiatives leading to job opportunities in Vietnam and across Asia. The RENEW Skills Program will not only provide hands-on training and access to modern renewable energy technologies but also ensure that these opportunities reach communities that need them most, helping to build a sustainable, inclusive workforce for Vietnam’s green future.”

Assoc. Prof. Dinh Van Chau, President of Electric Power University, stated that "Electric Power University is honored to collaborate with the GE Vernova Foundation and The Asia Society for Social Improvement and Sustainable Transformation (ASSIST) in supporting the energy transition process in Vietnam. The RENEW Skills project provides significant opportunities for students, creating pathways to well-paying employment, particularly within Vietnam's energy sector.

GE Vernova has a long history and strong presence in Vietnam. There are over 1,100 employees in Vietnam who work closely with our customers locally and globally to support the country’s economy. With a robust footprint comprised of manufacturing facilities, repair and service centers, nearly 30% of Vietnam’s electricity needs are met through GE Vernova’s equipment and installed solutions today.

GE Vernova recognizes Vietnam’s unique energy resources and believes that a combination of gas and renewable energy generation is the most effective way to provide reliable energy and reduce carbon emissions. With its expertise in wind power and gas power generation technology, GE Vernova is dedicated to promoting the development of new energy sources and adjustable power solutions, an approach that aligns with Vietnam’s vision of building a new type of energy system that will enable the country to achieve carbon neutrality and create a sustainable, resilient power system for the future.

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About GE Vernova Foundation
The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Following the spinoff of GE Vernova as an independent company in April 2024 and building on the 100+ year legacy of the GE Foundation, the newly formed GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. As the Foundation grows, its philanthropic strategy and programs will focus on growing stronger and more resilient communities and building the workforce needed to drive the energy transition forward. Learn more at www.gevernova.com/about/philanthropy.

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.

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 ASSIST
Asia Society for Social Improvement and Sustainable Transformation (ASSIST) is a Pan-Asian non-profit organization founded & operating since 2003 across several Asian countries. We specialize in capacity development initiatives in our key focus areas such as Education & Skills, Health, Agriculture & rural development and Green Economy. ASSIST Vietnam has been implementing social improvement & sustainable transformation projects in Vietnam since 2007. Its goal is to empower its target groups to make them resilient to the social, economic and environmental challenges. To learn more about ASSIST, visit www.assistasia.org.

About Electric Power University (EPU)
EPU is a public university with a multi-level and multi-discipline system, operating under the management of Vietnam Ministry of Industry and Trade (MoIT) and its main function is to provide high quality manpower at different training levels for the power sector to satisfy society’s needs. It is also one of the leading research centers for science and technology within the sector. Apart from retraining and advanced training for technical and management staff members of the power sector, the university also develops and promotes scientific research, international cooperation, transfer and deployment of new technology applications.

Guided by the philosophy of "comprehensive education, strong foundations, and sustainable future," and with the aim of becoming a leading applied university in Vietnam, we have established a comprehensive and autonomous model that integrates international education standards. Our numerous research outcomes have effectively met practical needs and contributed to the industrialization and modernization of our country; aligning with the core values of EPU, which are "Responsibility, Creativity, and Efficiency."

For further information about Electric Power University, please visit https://epu.edu.vn/.

CAMBRIDGE, Mass. (November 14, 2024) – Taking action to help recovery efforts following natural disasters in Asia, Europe, and the United States, today the GE Vernova Foundation announced a total of $500,000 in donations to CARE, Team Rubicon and the Spanish Red Cross. The donations to CARE will support those affected by Typhoon Yagi in Vietnam, the country’s strongest typhoon in three decades, and Storm Boris, which caused extensive flooding in central Europe, with southwestern Poland being one of the hardest hit areas. The collaboration with Team Rubicon will aid families recovering from Hurricane Milton in Florida, which devastated large areas across the state, and the grant to the Spanish Red Cross will help recovery efforts in Spain following severe flooding in the province of Valencia.

“We are proud to work with three impactful organizations in CARE, Team Rubicon, and the Spanish Red Cross who are helping those in need following devastating storms across the globe,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “We have many employees in Vietnam, Poland, Florida, and Spain, and the GE Vernova Foundation will continue to support communities where our employees live and work.”

In Vietnam, CARE is supporting ongoing relief efforts following Typhoon Yagi, with this funding focusing on impacted families in two of the most affected communities of the Cao Bang Province: Phan Thanh and Dinh Phung. They are doing this by providing multi-purpose cash assistance, household kits, and renovation of school facilities. It is anticipated that the GE Vernova Foundation’s $100,000 in funding will support 300 families, or approximately 1,200 individuals in Vietnam. In Poland, CARE will support over 10 local aid distribution centers with much needed coordination and distribution and provide case management assistance to vulnerable populations not able to access aid, including Ukrainian refugees. It is estimated through these efforts the GE Vernova Foundation’s $100,000 in funding will support over 5,000 people.

“We are very grateful to the GE Vernova Foundation for helping CARE provide relief in communities that are bearing the brunt of the extreme weather events that climate change is making increasingly frequent,” said Deepmala Mahla, CARE’s Chief Humanitarian Officer. “CARE focuses on empowering communities through local partnerships, recognizing that local organizations understand the unique challenges and needs of their regions. Our humanitarian responses are culturally relevant and sustainable. This approach not only enhances the effectiveness of aid but also builds local capacity, fostering long-term resilience in vulnerable communities.”

In Florida, Team Rubicon, a veteran-led humanitarian organization that serves global communities before, during and after disasters and crises, will assist communities in some of the hardest hit areas impacting the most vulnerable populations. The $200,000 in funding from the GE Vernova Foundation will support Team Rubicon’s large-scale Greyshirt volunteer response involving removing debris, tarping roofs, clearing roads, and mucking and gutting flooded homes. These often high-cost and labor-intensive services are provided at no cost for survivors in areas most impacted by this storm.

"We are grateful for the support of the GE Vernova Foundation as our Greyshirt volunteers continue to serve those impacted by Hurricane Milton in Florida," said Jeff Byard, Vice President of Operations at Team Rubicon. "This investment in our mission enables Team Rubicon to stay in communities for longer, reaching more disaster survivors in need of assistance."

The Spanish Red Cross mobilized immediately following devastating floods across the hardest hit regions of Spain, including Comunidad Valenciana, Andalucía, Castilla la Mancha and Murcia. They have deployed emergency response teams in high-risk areas, setting up temporary shelters and caring for the most vulnerable, especially the elderly, and are distributing basic aid like food, water, blankets, hygiene kits and providing first aid and psychosocial support. The Spanish Red Cross has also mobilized an emergency childcare team to provide assistance to families in shelters. The GE Vernova Foundation’s $100,000 grant will support the Spanish Red Cross’ continued response to provide immediate needs throughout the impacted region.

“We are deeply grateful for the invaluable support of The GE Vernova Foundation during the DANA emergency,” said Jaime Gregori, Fundraising and Corporate Alliances Director, Spanish Red Cross. “Their generous contribution plays a crucial role in helping us to provide immediate relief and long-term recovery for affected communities. The collaboration of companies is essential for the success of our humanitarian efforts, and together, we can make a lasting impact on those in need."

GE Vernova employees who make eligible donations to Team Rubicon, CARE, the Spanish Red Cross or other participating organizations can register for a match with the GE Vernova Foundation’s Matching Gifts program, which supports employees’ personal philanthropy and charitable giving by providing a match.

GE Vernova Foundation’s Disaster and Humanitarian Relief program responds to major global disasters and humanitarian crises, drawing on GE Vernova’s people, technology and other resources to reduce suffering and hasten recovery. Most recently, the GE Vernova Foundation partnered with the American Red Cross to alleviate Hurricane Helene devastation in the Southeastern United States.

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About the GE Vernova Foundation
The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Following the spinoff of GE Vernova as an independent company in April 2024 and building on the 100+ year legacy of the GE Foundation, the newly formed GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. As the Foundation grows, its strategic philanthropic strategy and programs will focus on growing stronger and more resilient communities and building the workforce needed to drive the energy transition forward. Learn more at www.gevernova.com/about/philanthropy.

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.

About Team Rubicon
Team Rubicon is a veteran-led humanitarian organization that serves global communities before, during, and after disasters and crises. Founded following the Haiti earthquake in 2010, the organization has grown to more than 150,000 volunteers across the United States and has launched over 1,100 operations domestically and internationally. To drive equity across disaster and humanitarian services, Team Rubicon focuses on three areas of impact: disaster services- from mitigation to immediate response to recovery; rebuild services- maintaining the fabric of communities through resilient building methods; and international services- providing emergent and surge medical services, WASH, and disaster risk reduction. Visit www.teamrubiconusa.org for more information. 

About CARE
Founded in 1945 with the creation of the CARE Package®, CARE is a leading humanitarian and development organization fighting global poverty. CARE places special focus on working alongside women and girls. Equipped with the proper resources, women and girls have the power to lift whole families and entire communities out of poverty. In 2023, CARE worked in 109 countries, reaching 167 million people through more than 1,600 projects. To learn more, visit www.care.org

About the Spanish Red Cross
The Spanish Red Cross (Cruz Roja Española) is a humanitarian organization dedicated to providing emergency assistance, disaster relief, and health services across Spain. Founded in 1864, it operates as a key part of the International Red Cross and Red Crescent Movement. The Spanish Red Cross focuses on supporting vulnerable populations, including those affected by natural disasters, refugees, and those in need of medical care or social services. Its work encompasses a wide range of programs, from disaster preparedness to social integration and health campaigns, with the goal of improving the lives and well-being of individuals in crisis situations.