Over next two years company creating approximately 700 new jobs across multiple factories

and investing up to $100 million in Pennsylvania

Cambridge, MA (July 15, 2025) – As energy demand continues to surge, GE Vernova (NYSE: GEV) plans to add 250 new jobs over the next two years at the company’s leading grid solutions factory in Charleroi, PA.

The new roles will help manufacture more high voltage switchgear products, which are critical components for stable and reliable operation of the nation’s electrical grids.

GE Vernova now plans to invest up to $100 million in Pennsylvania over the next two years, adding approximately 700 new jobs across multiple factories in the state that will help modernize the grid for economic growth, strengthen domestic supply chains, and boost national security.

This new Charleroi factory expansion builds on the company’s $600 million multi-year investment announced in January, originally expected to create a total of 1,500 new jobs across numerous U.S. factories.

“Powering the grid is at the core of powering America’s economy,” said Scott Strazik, CEO of GE Vernova. “These new jobs and investment reflect our ongoing commitment to not only building critical grid infrastructure with American workers, but reindustrializing Pennsylvania’s proud manufacturing legacy. They will also help strengthen our domestic supply chain, improve national security, and boost global competitiveness by closing a crucial gap.”

“We are investing in Charleroi and our advanced grid technology because it complements the investments we've made in power generation,” Strazik continued. “For the US to lead in energy, manufacturing critical domestic grid infrastructure is just as important generation.”

In addition to the new investment in its Charleroi facility, GE Vernova also announced it has secured a full order to provide seven of its high efficiency 7HA.02 natural gas turbines to the Homer City Energy Campus. The facility, once the largest coal plant in Pennsylvania, will provide up to 4.4GW of electricity to power what will become a more than 3,200-acre natural gas-powered data center campus, designed to meet the growing artificial intelligence (AI) and high-performance computing (HPC) needs of the innovative technology companies shaping America’s digital future. The Homer City Energy Campus is expected to be completed in 2027. ***

“The Homer City project shows what smart energy investments can achieve — delivering more reliable, affordable power for all, creating thousands of skilled jobs, and positioning Pennsylvania to help lead the next era of AI,” Strazik added.

The approximately $100 million of new investments in Pennsylvania over the next two years are part of a larger $9 billion cumulative global capex and R&D investment plan through 2028 that was announced at the company’s Investor Update in December 2024.

Currently GE Vernova’s technology helps produce more than half of the power in the United States, and the company has more than 18,000 workers across 50 states and 18 U.S. manufacturing facilities. 

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***For financial editors: the seven 7HA.02 gas turbines were announced as slot reservation agreements on April 2, 2025. These units have since moved to a secured order in 3Q25.

Just before midday on Monday, April 28, Claudia Blanco boarded a flight from Barcelona to Jerez de la Frontera, a small city in Spain’s southernmost region. Blanco, who is the chief innovation and artificial intelligence officer for GE Vernova’s Electrification Systems business, was looking forward to her week. Although her diary was crammed with meetings and deadlines, she was planning to work from her peaceful woodland home, just a 40-minute drive from Jerez’s airport.

Berlin, Germany (08 July, 2025) – GE Vernova Inc. (NYSE: GEV) today announced it has been awarded a contract by German transmission system operator TransnetBW to modernize the Kühmoos grid node - an important electrical substation in southern Germany that plays a vital role in cross-border power flows and regional grid stability. Once complete, the upgraded site is expected to enhance frequency regulation, voltage stability, and power exchange between Germany, France, and Switzerland.

Strengthening a Strategic Grid Node

Located near the Swiss border, Kühmoos serves as a critical transmission hub and connection point for two major pumped-storage hydropower plants. As part of Germany’s broader effort to strengthen grid infrastructure the modernization of Kühmoos aims to increase the capacity and reliability of the substation to support the integration of renewable energy and rising power flows across interconnected European networks.

Scope of GE Vernova’s Work

GE Vernova’s Grid Solutions business will lead turnkey delivery of a new 380 kV gas-insulated substation (GIS), replacing the existing air insulated switchgear, doubling capacity within a significantly smaller footprint while maintaining live operations throughout construction. The project includes 15 bays of compact GIS technology a 4 Main Busbar System, allowing for more flexible, secure, and space-efficient power distribution.

The project also integrates a mechanical switched capacitor with damping network (MSCDN) - a technology that helps regulate voltage and reduce losses, especially as more high-power flows move through the grid.

Dr. Rainer Pflaum, CFO at TransnetBW, said: “At the substation Kühmoos of TransnetBW, we are reinforcing a vital energy hub for both Germany and our neighbouring countries, France and Switzerland. The collaboration with GE Vernova supports our ambition to expand and future-proof our transmission network while continuing to operate reliably and safely. This modernisation is therefore a major milestone in the transformation of our grid, ensuring the electricity supply in south-western Baden-Württemberg.”

“This is a landmark project for the region and a proud moment for GE Vernova,” said Johan Bindele, Vice President and CEO of Grid Systems Integration at GE Vernova. “Modernizing critical grid nodes like Kühmoos is essential for supporting the long-term reliability of Europe’s power system, especially as countries expand their use of renewables and seek greater interconnection across borders. Europe is our largest market for Electrification, and we are deeply committed to supporting its energy transition. We are honored to support TransnetBW in building grid infrastructure that is both future-ready and resilient.”

Supporting Europe’s Grid of the Future

Europe is rapidly scaling up its renewable energy ambitions, with the EU power sector expected to generate around 70% of its electricity from renewables by 2030 and nearly 90% by 2050, according to the latest IRENA outlook. To reach these targets, grid modernization, accelerated infrastructure investment, and better cross-border coordination are critical. Recent insights from the World Economic Forum’s 2025 Energy Transition Index also underscore the urgent need to improve system flexibility and resilience, especially as electricity demand rises. Projects like Kühmoos - designed to enhance transmission capacity, system stability, and cross-border connectivity - are essential enablers of Europe’s energy transition and long-term competitiveness.

GE Vernova’s Grid Solutions business is a global leader in delivering advanced technologies that connect, stabilize, and protect the grid. With this contract, the company reinforces its longstanding presence in Europe and ongoing commitment to building the resilient infrastructure needed to power the energy transition.

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Notes for financial editors:

GE Vernova booked this order in Q2 of 2025

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.

CAMBRIDGE, Mass. (July 7, 2025) – GE Vernova Inc. (NYSE: GEV) is scheduled to release its second quarter 2025 financial results on Wednesday, July 23, 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 www.gevernova.com/investors/events/ge-vernova-2nd-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.

TAIWAN (July 7, 2025) – GE Vernova Inc. (NYSE: GEV) announced that the first of three blocks of Taiwan Power Company Nan Bu Construction Organization (TPC NPCO)’s Hsinta power plant, powered by GE Vernova 7HA.03 combined cycle equipment, started to operate and officially dispatch up to 1,3 gigawatt of electricity to Taiwan’s energy grid.

The new generating unit paves the way to a gradual replacement of the coal-fired units present at Hsinta site. The H-class blocks of this plant are expected to reduce the older coal units’ emissions by 60%.

TPC NPCO Director Chi-Hsiang Huang said: “Our Hsinta Power Plant in Kaohsiung is a key facility in Taiwan's energy transition, and in line with Taiwan’s Renewable Energy Development Act (REDA) energy policy centered around transitioning from nuclear power and reducing reliance on coal fuels. Our trusted and long-standing relationship with GE Vernova has been instrumental in achieving the successful commissioning of the first block, while bringing up to 1,3 gigawatts (GW) of less carbon-emitting power to our customers through.”

Hsinta power plant includes two further blocks, which are expected to start operation in phases across 2025 and 2026, bringing the combined power capacity of the plant up to nearly 4 GW, a capacity expected to provide reliable electricity to Taiwanese households and industries.

GE Vernova worked together in consortium with a local company, CTCI Corporation, to engineer, construct, and commission the first combined cycle block. Each block of the plant features two high efficiency GE Vernova 7HA.03 gas turbines with H65 hydrogen cooled generators, two Heat Recovery Steam Generators (HRSG), one GE Vernova STF-D650 steam turbine with H65 hydrogen cooled generator, and other equipment.

Ramesh Singaram, President and CEO, Asia of GE Vernova's Gas Power said: “Our latest gas turbine technology, the 7HA.03, is replacing aged coal-fired units with more efficient and flexible gas-fired combined cycle units, marking a significant step in Taiwan’s carbon emission reduction process. We are committed to support Taiwan’s power development and economic growth, helping to drastically reduce current coal power generation and to achieve up to 50% of the energy mix sourced from natural gas by 2025. TPC evaluated our HA combined cycle equipment as the best technology balancing effectively power output, efficiency, flexibility and maintainability.”

GE Vernova’s innovative block-size plant features a modular standard configuration that is simpler and more cost-effective to install, control and maintain to help a faster project execution. Thanks to its flexibility, meaning the ability to start up quickly and adjust the volume of energy produced, the new plant can help meet electricity demands and assist in stabilizing the power grid in Taiwan and improving the use of variable energy production from renewable sources.

In addition, to further advance the reduction of carbon emissions when utilizing gas power, GE Vernova 7HA.03 gas turbine currently has the capability to burn up to 50% by volume of hydrogen when blended with natural gas.

Since 1961, GE Vernova has played a significant role in supporting Taiwan's energy and infrastructure development. By 2026, gas power plants powered by GE Vernova’s assets are projected to exceed 10 GW, generating reliable capacity equal to power the equivalent of approximately more than 23 million homes in Taiwan.

STAFFORD, UK (July 3, 2025) – Last week, GE Vernova and The Inspirational Learning Group celebrated the graduation of 27 students from Next Engineers, a three-year global career readiness programme creating opportunities for young people to become engineers. This is the second graduating class of Next Engineers: Engineering Academy students in Staffordshire, UK.

The 27 students from across Staffordshire celebrated their graduation alongside family, friends, GE Vernova, and The Inspirational Learning Group at Uttoxeter Racecourse. The Inspirational Learning Group is the educational partner for the local Next Engineers programme, which was established in 2021.

“We are thrilled to celebrate the achievements of our second cohort,” said Vera Silva, Chief Technology & Strategy Officer of GE Vernova’s Electrification Systems businesses. “The Next Engineers programme continues to equip young people with not only the technical skills needed to become an engineer but also transferable skills such as time management, communication and adaptability. We recognise that there are many pathways to become an engineer in the UK, which is why we are pleased to be the only Next Engineers location to offer scholarships for apprenticeships as well as university degrees.”

Students who complete the Engineering Academy programme and enrol in a qualified engineering/engineering-related degree programme or apprenticeship receive scholarships to support their education toward becoming engineers. To date, the Next Engineers programme in Staffordshire has reached nearly 8,800 students and awarded £147,500 ($199,000) in scholarships to qualifying graduates.

"We’re incredibly proud to partner with a global organisation like GE Vernova to deliver meaningful opportunities for young people here in Staffordshire,” said Ben Dyer, Co-Founder of The Inspirational Learning Group. “Together, we’re not just promoting careers in STEM, we’re opening doors, building confidence, and helping students gain skills that will prepare them for a successful future. We’re proud of what this programme has achieved and we're excited to keep supporting the next generation of engineers."

The Next Engineers: Engineering Academy is a transformative learning experience designed for students aged 15 to 18. Through a rigorous curriculum, immersive design challenges, and career coaching, students learn to think and act like engineers. Engineers and employees from GE Vernova’s three facilities in Staffordshire, actively engage with the programme through skill-based volunteering, donating over 7,200 hours since the start of the programme.

For more information about Next Engineers and the Engineering Academy, visit NextEngineers.org.

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About Next Engineers
Next Engineers, a programme originally funded by the GE Foundation in 2021, now known as the GE Aerospace Foundation, is a career readiness programme dedicated to inspiring and preparing the next generation of engineers. Through innovative programmes, mentorship, and community partnerships, we empower young minds to shape a better future through engineering.

About The Inspirational Learning Group
The Inspirational Learning Group develop and deliver innovative career solutions for students, education institutes and employers across the U.K. and beyond. We are proud to have engaged and positively influenced over 600,000 students through our flagship programme, The National Careers Challenge, our real-life business challenge that enables young people to develop crucial key employability skills, vital for the ever-changing world of work. Our portfolio also includes additional programmes such as our Stocks & Shares Challenge, My Perfect University, Team Building challenges and summer school provision. As the partner of choice for outreach activity of several large, high-profile organisations such as NatWest and GE Vernova, TILG are being increasingly relied on to create truly bespoke education and outreach initiatives to support development, social mobility and inclusion. We are changing the way that young people are educated about their future world of work, engaging, inspiring, and motivating them to succeed.

The 2020s have a lot in common with the 1920s when it comes to the buildout of electrical power. Back then, grids were largely driven by coal, which was polluting, to be sure, but offered stability to big, national electrical systems with power plants that often ran uninterrupted for long periods of time. Then came hydropower, with its distant electrical power generators. Power engineers, trying to figure out how to transmit power from faraway places, developed an unusual machine called a synchronous condenser.