How does a rock climber from Chile wind up working in America’s intellectual capital, Cambridge, Massachusetts? For Matias Opazo, a pivotal meeting last year with GE Vernova CEO Scott Strazik sparked the beginning of a new career chapter.

WILMINGTON, North Carolina (October 7, 2025) – GE Vernova Hitachi Nuclear Energy (GVH) and Samsung C&T, a leading construction and engineering company, have announced a strategic alliance to advance the deployment of the BWRX-300 small modular reactor (SMR) in strategic global markets, outside North America. The two companies will focus their collective efforts on developing the supply chain and project delivery solutions for GVH’s SMR. Further, they will work together in the potential deployment of five BWRX-300s in Sweden.

“With the first unit of our BWRX-300 under construction in Canada, we are well positioned to lead the deployment and scale of the SMR industry,” said Maví Zingoni, CEO Power, GE Vernova. “This collaboration with a leading player like Samsung C&T, which has a solid track-record of helping to deliver nuclear projects safely, on-time and on-budget, will further strengthen the BWRX-300 position among the most advanced, deployment ready, and lowest risk SMR technology available today.”

“This agreement marks a strategic collaboration where Samsung C&T and GVH aim to become global leaders in the nuclear power segment. The collaboration will capitalize on Samsung C&T's extensive experience in nuclear power and infrastructure project execution, combined with GVH's validated technological expertise,” added Se-chul Oh, Samsung C&T CEO.

The first BWRX-300 is under construction at Ontario Power Generation’s Darlington site in Canada, with completion expected by the end of the decade, which will make it the first small modular reactor in the Western World. Key components like the reactor pressure vessel are being manufactured, and site construction is progressing according to plan.

Additionally, the U.S. Nuclear Regulatory Commission has accepted and is reviewing Tennessee Valley Authority’s (TVA) application to construct the first BWRX-300 in the U.S., at the utility’s Clinch River site in Oak Ridge, Tennessee; and Orlen Synthos Green Energy (OSGE) has selected Włocławek as the site for Poland’s first SMR. In Sweden, Vattenfall has down-selected the BWRX-300 as it evaluates the construction of new reactors adjacent to its Ringhals plant site on the Värö Peninsula.

Each BWRX-300 can provide approximately 300 MW of electricity, enough to produce the equivalent electricity needed to power 300,000 homes while significantly reducing the complexity and cost associated with traditional nuclear reactors.

Samsung C&T’s Engineering & Construction Group has more than 40 years of engineering and construction experience operating throughout the world. The group spans commercial and residential buildings, civil infrastructure and plant construction. Its landmark projects include Burj Khalifa - the world’s tallest building, the ongoing Riyadh Metro Project in Saudi Arabia, the Qurayyah 4,000MW CCPP Project, and the ongoing Qatar 2,000MW Solar Power Project.  In the nuclear energy sector, the company has successfully delivered 12GW across 10 units, including the 5.6GW Barakah Nuclear Power Plant in the UAE. It has recently undertaken the Nuclear Power Plant refurbishment project and Front-End Engineering Design (FEED) for Small Modular Reactors (SMRs), demonstrating its global competitiveness in large-scale reactor and SMR technologies, and solidifying its expertise across all areas of the nuclear industry.

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Notes to editors - image captions
Image 1
Maví Zingoni, CEO Power, GE Vernova, and Se-chul Oh, Samsung C&T CEO.

Image 2
(left to right) Jason Cooper, CEO Advanced Nuclear, GVH; Se-chul Oh, Samsung C&T CEO; Maví Zingoni, CEO Power, GE Vernova; Jung E. Kim, SVP, Nuclear Sales & Business Development, Samsung C&T.

CAMBRIDGE, Mass. (October 6, 2025) – GE Vernova Inc. (NYSE: GEV) is scheduled to release its third quarter 2025 financial results on Wednesday, October 22, 2025, before market open. GE Vernova CEO Scott Strazik and 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-3rd-quarter-2025-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 www.gevernova.com/investors/events.

Additional Information
GE Vernova’s website at www.gevernova.com/investors contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit this website from time to time, as information is updated, and new information is posted. Investors are also encouraged to visit GE Vernova’s LinkedIn and other social media accounts, which are platforms on which the company posts information from time to time.

WILMINGTON, North Carolina (October 6, 2025) – Global Nuclear Fuel (GNF, a GE Vernova-led alliance with Hitachi, Ltd.) today announced the introduction of GNF4, a next generation nuclear fuel product built on a 60-year legacy of boiling water reactor (BWR) fuel design innovation and performance.

The 11x11 GNF4 product builds upon the operating history of GNF2 and GNF3 and features two advanced components that are licensed by the U.S. Nuclear Regulatory Commission: Ziron cladding and aluminosilicate doped uranium dioxide pellets.

Ziron cladding was developed to better resist corrosion, ensuring that fuel remains safe and reliable and is an enhancement to the Zircaloy 2 cladding that has been utilized in more than 175,000 GNF fuel assemblies worldwide. Aluminosilicate doped uranium dioxide pellets add an extra layer of reliability. GNF4 will also utilize GNF’s proprietary NSF channel material and Defender+ debris filter.

“GNF4 is engineered to provide plant operators with lower fuel costs per megawatt hour through increased performance and reliability,” said Craig Ranson, Installed Base CEO, GE Vernova Hitachi Nuclear Energy. “Our engineering and supply chain teams are leveraging their BWR expertise to introduce this next generation fuel.” 

GNF4 is being fabricated at GNF’s manufacturing facility in Wilmington, NC. The first lead use assemblies of GNF4 are contracted for deployment in 2026 and full reload quantities are expected to be available in 2030.  

GNF provides a wide range of services to support nuclear power plants including expert core and fuel cycle engineering, reload licensing and core management services, predictive reports and fuel reliability risk assessments, cyber-secure core monitoring and fleet analytics, fuel examination services and consulting on reactor operations and long-term fuel storage. 

Last week, at Climate Week NYC, GE Vernova was an influential voice in shaping the global conversation on smarter, more sustainable energy — highlighting the need for breakthrough solutions and urging bold leadership to meet accelerating demand. While the UN General Assembly drew headlines across town, GE Vernova contributed to the “Power On” theme at Climate Week by announcing recent advances in nuclear and carbon capture, and promoting a message of optimism, urgency, and collaboration.

Axios House: Moving the Needle

Data centers, those serried racks of servers, storage devices, and network hardware that keep the internet humming, are dominating the conversation about future energy demand.

CAMBRIDGE, Mass. (September 25, 2025) – GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.25 per share quarterly dividend. The quarterly dividend will be payable on November 17, 2025, to shareholders of record as of October 20, 2025.

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

Additional Information

GE Vernova’s website at www.gevernova.com/investors contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit this website from time to time, as information is updated, and new information is posted. Investors are also encouraged to visit GE Vernova’s LinkedIn and other social media accounts, which are platforms on which the Company posts information from time to time.

Additional Financial Information

Additional financial information can be found on the Company’s website at: www.gevernova.com/investors under Reports and Filings.

Forward Looking Statements

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

NEW YORK CITY (September 24, 2025) – GE Vernova and Deep Sky, the world’s first technology-agnostic carbon removal project developer, announced an agreement to deploy GE Vernova's Direct Air Capture (DAC) technology at Deep Sky Alpha in Alberta, Canada. GE Vernova's technology will be capable of capturing up to 1,500 tons of carbon per year. With operations scheduled to begin by late 2026, Alpha will deploy GE Vernova’s proprietary solid sorbent technology, developed and rigorously tested at the company’s Advanced Research Centers.

Located in Innisfail, Alberta, Deep Sky Alpha is the world’s first cross-technology carbon removal hub which became operational in August 2025.

“We are excited about this first-of-its-kind collaboration, which marks an important step in advancing GE Vernova’s scalable, energy-efficient DAC solutions,” said Brian Moran, Executive Director of GE Vernova’s DAC program. “While the technology and industry are still emerging, collaborations like this, built on shared ambition and complementary strengths, have the potential to transform the future of carbon removal.”

GE Vernova DAC solutions couple innovative technology with resilient global supply chains that enable rapid deployment, as well as integrated systems engineering that improves energy use, harnesses waste heat, and ensures reliable operations at scale.

To further support the success of the Deep Sky Alpha project and future deployments, GE Vernova recently commissioned a 10-ton per year DAC test facility at their Advance Research Center in Niskayuna, New York. This system will play a pivotal role in demonstrating the capabilities of both the sorbent materials and the overall DAC technology, building confidence in its reliability and performance at the pilot stage and laying the groundwork for successful commercial-scale deployment.

“Deep Sky is the only place in the world offering end-to-end deployment, operations, renewable power and CO2 storage for DAC technologies, all in real world conditions,” said Alex Petre, CEO of Deep Sky. “GE Vernova entering this space underscores the growing momentum and urgency for DAC as a climate solution. We’re proud to welcome their unit to Deep Sky Alpha and to serve as the proving ground that sets the pace for the industry’s growth.”

The collaboration between Deep Sky and GE Vernova represents an important first step in deploying this innovative technology at speed and scale. It sets the foundation for future commercial-scale DAC projects in Canada, and internationally, as both organizations focus on the scale-up and industrialization of these solutions.

Together, GE Vernova and Deep Sky are committed to developing and deploying cutting-edge carbon dioxide removal (CDR) technologies. High-quality CDR is essential for achieving emissions goals. DAC removes carbon dioxide (CO₂) directly from the atmosphere using chemical processes. Unlike capturing emissions at their source (like power plants or industrial facilities), DAC removes CO₂ from ambient air, which makes it useful for addressing residual emissions and emissions from sources that are hard-to-abate, such as aviation, shipping, or heavy industry.

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About Deep Sky
Montreal-based Deep Sky is the world's first tech-agnostic carbon removal project developer aiming to remove gigatons of carbon from the atmosphere and permanently store it underground. As a project developer, Deep Sky brings together the most promising direct air and ocean carbon capture companies under one roof to bring the largest supply of high quality carbon credits to the market, commercializing and catalyzing carbon removal and storage solutions like never before. With $130M in funding, Deep Sky is backed by world class investors including Investissement Québec, Brightspark Ventures, Whitecap Venture Partners, OMERS Ventures, BDC Climate Fund, Breakthrough Energy Catalyst, BMO, National Bank of Canada, and more. For more information, visit deepskyclimate.com.

As the heat of summer wanes and the Northern Hemisphere turns its gaze toward autumn, a different kind of anticipation grips the electric utility sector in the southeastern United States. The end of summer doesn’t mean a respite from volatile weather for the region. This change in seasons ushers in the peak of Atlantic storm season, and with each passing year the stakes are getting higher.