This February, when the National Academy of Engineering named the 114 Americans it was elevating to engineering’s highest honor, it cited Dennis Henneke, of GE Vernova’s nuclear business, GE Hitachi Nuclear Energy, for an imposing achievement: “applying probabilistic risk assessment [PRA] to enhance nuclear reactor safety.” The achievement, a kind of engineering grand slam — arcane complexity and vital real-world importance — was not, Henneke says, the result of a lifelong, noble quest.

Accra, Ghana (November 21, 2024) - In a major advancement for Ghana’s energy infrastructure, the President of the Republic commissioned the Ghana Bridge Power Project yesterday Nov. 19 2024. This modern facility represents a significant milestone in Ghana’s commitment to expanding its power generation capacity while improving fuel efficiency and environmental sustainability. The project is to construct an up to 515MW power plant with a projected cost of $1.2 billion at Kpone, in the Heavy Industrial Area of Ghana.

Bridge Power Project is expected to meet a significant portion of Ghana’s power needs  by contributing more than 7% of the nation’s dependable thermal generating capacity. This significant addition to Ghana’s energy mix can play a crucial role in meeting the increasing demand for power across the nation, supporting both residential needs and industrial growth.

This combined cycle power plant features a first-of-its-kind configuration that uses GE Vernova’s trailer mounted aeroderivative gas turbines, a steam turbine and a Heat Recovery Steam Generator (HRSG) to generate up to 40% more electricity from the same amount of fuel compared to traditional single-cycle plants. By converting what would otherwise be lost as waste heat, this plant improves fuel efficiency while significantly reducing emissions, making it an important step in Ghana’s journey toward energy solutions that generate less carbon emissions.

The celebration of the start of operation of Bridge Power Station marks a first of this kind globally. Five GE Vernova trailer mounted TM2500* aeroderivative gas turbine solutions, and a steam turbine installed at the plant in a combined cycle configuration mark the first-time trailer mounted aeroderivative gas turbines are used in a combined cycle configuration globally. 

Powered by natural gas as primary fuel, the Bridge Power Station can deliver up to 200 Megawatts and it is engineered to be one of the most operationally flexible combined cycle plants in Ghana.

It is owned and developed by Endeavor Energy, a leading US independent power producer focused on Africa and Andaris Energy Limited, a wholly owned Ghanaian energy investment company (collectively, the Sponsors). Endeavor Energy was founded in 2013 to work with host Governments on Just Energy Transition programs to meet  baseload energy demands in West African countries. Endeavor is owned by Denham Capital, Fund VI, an energy and natural resources-focused global private equity fund. Endeavor Energy and its co-sponsors have invested a total of $1.2 billion in Ghana’s energy sector, including the 200MW Amandi TCE Power Plant at Aboadze in Takoradi. The Stage 1 project cost of $611 million was wholly funded by the sponsors and lenders.

The project will sell power to the Electricity Company of Ghana (ECG) under a 25-year Power Purchase Agreement (PPA) backed by a Put Call Option Agreement (PCOA) with the Government of Ghana (GoG). The PPA and PCOA agreements were approved by the Ghanaian Parliament and executed in September 2016, with financial close occurring on November 22, 2018. Under the PCOA, the GoG guarantees certain obligations of ECG in the event of a termination of the PPA by either party. This is the first time this innovative financing arrangement was used in Ghana. Under the PPA, the Project is to deliver power in stages:

• Stage 1, a 200MW combined cycle gas turbine (CCGT) power plant comprises five (5) GE Vernova TM 2500 gas turbines , five (5) once through steam generators (OTSGs), one (1)  steam turbine unit, an air-cooled condenser (ACC) and associated balance of plant. Construction was started in December 2018 by the EPC Contractor, Metlen, formerly Power Projects Sanayi Insaat Ticaret Limited Sirketi (Metka). It was completed and delivered to ECG for commercial operations on 18th July 2024.
• Stage 2, also a CCGT power plant, has a Target Effective Date of September 2025 and a 48-month construction schedule, commercial operations date (COD) is estimated for September 2029. Stage 2 output will be up to 315MW.

GE Vernova’s scope also includes a 25-year service agreement, and Asset Performance Management (APM) software running in the cloud, helping ensure the long-term availability and reliability of the power plant’s gas turbines to support Ghana’s increasing energy demands. APM is a suite of software and services engineered to help optimize asset performance and O&M efficiency across equipment, the plant, and the entire fleet. The portfolio’s application for Reliability, powered by Predictive Analytics, is expected to improve asset productivity to help address the long-term energy security needs in the country.

Notes to editors

*Trademark of GE Vernova and/or its affiliates

**The exhaust is net-zero with respect to CO2; the only CO2 present is from ambient air.

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.

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.

For more information, contact:

Maanaa Asiedu
Early Power Limited
[email protected].

Prolec GE celebrates completion of Shreveport facility expansion in support of U.S. energy transition goals

Baku, Azerbaijan (November 20, 2024) – On the sidelines of COP 29, GE Vernova Inc. (NYSE: GEV) announced today that the LM6000* gas turbine, included in the GE Vernova LM6000VELOX* packaged solution is planned to operate on 100 percent hydrogen at the Whyalla hydrogen power plant in the Upper Spencer Gulf, South Australia. GE Vernova announced it has secured an order with ATCO Australia for four LM6000VELOX units with commissioning expected in early 2026. It is projected to mark the first time a GE Vernova power plant project, at commercial scale, is powered by aeroderivative gas turbine combustion technology capable of operating on 100 percent hydrogen.

GE Vernova’s first-of-its-kind aeroderivative gas turbine solution is capable to be powered by renewable hydrogen generated at the Whyalla complex helping to produce zero CO₂ at the gas turbine exhaust during operation when fueled with 100% renewable hydrogen**. The site will include one of the world’s largest hydrogen production and storage plants. When completed, the Whyalla hydrogen facility will utilize South Australia’s surplus renewable energy, generated by large-scale wind and solar farms, to produce renewable hydrogen that will be stored and used to power the four LM6000VELOX units.

“GE Vernova has been investing over the years in R&D to advance the capabilities of its combustion systems to burn higher blends of hydrogen. We are proud to unveil our first 100 percent hydrogen-ready aeroderivative gas turbine solution to support our customers’ decarbonization goals while maintaining grid reliability, which requires the deploying of renewable and conventional power technology in tandem,” said Eric Gray, CEO of GE Vernova’s Gas Power business. “The South Australian Government, through our project partner ATCO Australia, selected GE Vernova as the preferred equipment supplier for its Hydrogen Jobs Plan, and we are honored to work with ATCO Australia and BOC in this first-of-its-kind project, which is a major step in support of South Australia’s renewable energy future.”

Whyalla hydrogen power plant aims to be a new source of flexible power, providing additional grid stability for homes and businesses around the state by utilizing excess renewable energy generated from large-scale wind and solar farms to provide a consistent output of supply. The power plant is expected to deliver a combined capacity of up to 200 megawatts (MW) and tohelp meet electricity demand while ensuring stability of electricity supply in South Australia’s electricity grid during periods when renewable energy sources are not available or are not meeting full demand.

The announcement was made during a signing ceremony at COP 29 attended by Ramesh Singaram, President and CEO of Asia, Gas Power, GE Vernova together with The Hon Peter Malinauskas, Premier of South Australia and John Ivulich, CEO and Country Chair, ATCO Australia.

“GE Vernova is one of the most recognizable brands in the world and has a proven reputation as a supplier of power infrastructure,” said the Premier of South Australia Peter Malinauskas. “More importantly, GE Vernova is capable of producing turbines that can operate at 100 percent capacity on hydrogen. This means we can harness South Australia’s incredible renewable resources and put it to productive use, helping develop a more sustainable electricity supply across our State.”

“With more than 70 percent of energy generated from renewable resources, South Australia is set to become a global leader in producing and utilizing renewable hydrogen and we are delighted to be part of this project that can unlock decarbonization opportunities,” said John Ivulich, CEO and Country Chair, ATCO Australia. “By deploying GE Vernova’s first-of-its-kind aeroderivative solution, able to operate on 100 percent hydrogen, we will support South Australia’s continued energy transition and decarbonization journey, in alignment with the State’s goals outlined in the Government’s Hydrogen Jobs Plan.”

GE Vernova is a world leader in gas turbine fuel flexibility, including over 120 gas turbines that have the capacity to operate or currently are operating on fuels that contain hydrogen, producing more than 530 Terawatt-hours of electricity over 8.5 million hours. GE Vernova’s technology portfolio includes integration capabilities of several systems including renewable power (e.g., wind and solar), energy storage, grid systems to transmit and control electricity, as well as power conversion systems to provide electricity that match the electrolyzer requirements.

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

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Notes to editors

*Trademark of GE Vernova and/or its affiliates

**The exhaust is net-zero with respect to CO2; the only CO2 present is from ambient air.

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 ATCO Australia and Canadian Utilities
Canadian Utilities Limited and its subsidiary and affiliate companies – including ATCO Australia - have approximately 8,000 employees and assets of $23 billion. Canadian Utilities, an ATCO company, is a diversified global energy infrastructure corporation delivering essential services and innovative business solutions in Utilities (electricity and natural gas transmission and distribution, and international operations); Energy Infrastructure (energy storage, energy generation, industrial water solutions, and clean fuels); and Retail Energy (electricity and natural gas retail sales, and whole-home solutions). More information can be found at www.canadianutilities.com.

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.

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.

CAMBRIDGE, Mass. (November 20, 2024) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer Scott Strazik and Chief Financial Officer Ken Parks will host an Investor Update event in New York, New York on Tuesday, December 10, 2024, at 4:30 PM EST. Strazik and Parks will provide an update on GE Vernova’s multi-year financial outlook and capital allocation strategy.

The event will be webcast and materials will be available through GE Vernova’s Investor Relations website at https://www.gevernova.com/investors/events/investor-update.

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.

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.