As global energy demand grows and nations seek out lower-carbon, more secure power supply, next-generation nuclear can play an important role. Outside Bowmanville, on the north shore of Lake Ontario, Canada, Ontario Power Generation (OPG) and GE Vernova Hitachi Nuclear Energy (GVH), along with other collaborators, are laying the groundwork for the first of four BWRX-300s, a group of small modular reactors (SMRs) that will reliably and safely scale up the country’s grid with 1.2 gigawatts of 24/7 carbon-free power.
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A Partnership Built for Tomorrow: The MIT GE Vernova Energy and Climate Alliance Kicks Off in Cambridge
“The meaning of life is the next generation,” wrote author Grace Paley. For GE Vernova, a company dedicated to building the energy technologies of the future, that next generation of inventors is inseparable from today’s mission. Cultivating tomorrow’s energy leaders is as critical as the work of electrifying to help communities thrive and decarbonize the world.
GE Vernova announces onshore wind turbine order with Enertrag in Germany
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The project will feature seven GE Vernova 5.5MW –158m workhorse turbines
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Deal reinforces value of GE Vernova’s Workhorse Product Strategy for Germany
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Project to use GE Vernova’s manufacturing facility in Salzbergen
SALZBERGEN, Germany (September 17, 2025) - GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement with Enertrag to provide seven 5.5MW-158m turbines produced at its factory in Salzbergen, Germany. The deal was booked in the second quarter of 2025. The workhorse turbines will be installed at the Bonacker wind farm in Nordrhein-Westfalen in western Germany.
The deal is the second new order in Germany that the company announced at the Husum Wind Fair, following an order for Prokon made public yesterday.
Gilan Sabatier, Chief Commercial Officer for GE Vernova’s Onshore Wind business in International Markets, said, “We are pleased to have the opportunity to once again support Enertrag as they work to bring online more wind power in support of their efforts to advance the energy transition. The latest project builds on our long-standing relationship and reflects the value they see in our workhorse product strategy. Drawing on our industrial footprint in Salzbergen, we are well positioned to execute that strategy as we work to meet Enertrag’s needs and those of other customers in Germany.”
Bastian Altrichter, Senior Vice President Procurement ENERTRAG SE, said, “The Bonacker project marks an important milestone for ENERTRAG in North Rhine-Westphalia and demonstrates the value of investing beyond our traditional regions. We are pleased to continue our long-standing partnership with GE Vernova to further advance the energy transition. Building on our shared experience, we look forward to a smooth project execution and are confident that the new turbines will contribute significantly to a reliable and sustainable energy supply.”
GE Vernova’s Wind segment has a strong manufacturing presence in Germany with a 70,000 square meter facility in Salzbergen that manufactures machine heads, drive trains, and hubs for the workhorse turbines it provides to customers in Germany and elsewhere in Europe and Asia.
Germany installed approximately 3.2 GW of onshore wind in 2024 and is expected to accelerate the development of onshore wind as part of its plan to get up to 80 percent of its power from renewable energy resources by 2030.
GE Vernova has a total installed base of approximately 57,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers the next-generation high-powered turbines at scale that drives decarbonization through high-quality, affordable, and sustainable renewable energy.
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*Note to Editors: GE Vernova’s 5.5 MW turbine with a 158-meter rotor is what we refer to as the 5.5MW-158m.
end
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 approximately 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 Wind segment is focused on delivering a suite of wind products and services to help accelerate a new era of energy by harnessing the power of wind. Technologies provided to customers include the next generation high efficiency 3-megawatt onshore wind turbine and the Haliade-X offshore wind turbine platform, as well as maintenance solutions and life extension optionality.
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.
© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.
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GE Vernova announces onshore wind turbine order with Prokon in Germany
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The project will feature eight GE Vernova 6MW –164m workhorse turbines
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The deal reflects the success of GE Vernova´s “Workhorse Product Strategy” including a high reliability and availability of the GE Vernova onshore wind fleet in Germany
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Project leverages GE Vernova’s manufacturing facility in Salzbergen
SALZBERGEN, Germany (September 16, 2025) - GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement with Prokon Regenerative Energien eG to repower a wind farm with eight 6MW-164m turbines produced at its factory in Salzbergen, Germany. The deal was booked in the second quarter of 2025. The workhorse turbines will be installed in the Fleetmark community in Sachsen-Anhalt, Germany.
Gilan Sabatier, Chief Commercial Officer for GE Vernova’s Onshore Wind business in International Markets, said, “We are pleased to once again work with Prokon to support their strategy to grow the profitable generation of renewable power and advance Germany’s broader renewable energy goals. Repowering existing sites produces more power from current wind farms, strengthening their ability to meet local energy needs in a sustainable manner. With our industrial footprint in Salzbergen, we are well positioned to serve our customer´s needs to grow Germany’s onshore wind power production.”
Katharina Beyer, Board Member for Project Development at Prokon, added: “As an energy cooperative, our ambition is to implement projects that are ecologically sound, economically viable, and transparent for the local communities. Our experiences in Friedersdorf and Langenbach have shown that GE Vernova’s turbines operate reliably and deliver stable yields. On this basis, we have again chosen this turbine type for our Fleetmark project. For us, what matters is not only the technology itself but also a professional and constructive collaboration throughout the entire planning and construction process. Together, we are laying the foundation to reliably supply our members and customers with clean electricity and therefore make a tangible contribution to the German energy transition.”
GE Vernova’s Wind segment has a strong manufacturing presence in Germany with a 70,000 square meter facility in Salzbergen that manufactures machine heads, drive trains, and hubs for the workhorse turbines it provides to customers in Germany and elsewhere in Europe and Asia.
Germany installed approximately 3.2 GW of onshore wind in 2024 and is expected to accelerate the development of onshore wind as part of its plan to get up to 80 percent of its power from renewable energy resources by 2030.
GE Vernova has a total installed base of approximately 57,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers the next-generation high-powered turbines at scale that drives decarbonization through high-quality, affordable, and sustainable renewable energy.
###
*Note to Editors: GE Vernova’s 6 MW turbine with a 164-meter rotor is what we refer to as the 6MW-164m.
About Prokon
Prokon Regenerative Energien eG, with more than 40,000 members, is one of the largest energy cooperatives in Europe and has been contributing to the energy transition for nearly 30 years. Founded in 1995 and owned by its members since 2015, Prokon focuses on citizen-oriented renewable power generation and supply. The cooperative’s core expertise lies in the development, planning, and operation of onshore wind farms, complemented by the nationwide supply of households with green electricity. In addition, Prokon is expanding into photovoltaics, battery storage, and biomethane. With 77 wind farms and a total capacity of more than 1,000 MW in Germany, Poland, and Finland (as of April 2025), Prokon combines technical know-how with cooperative values to deliver sustainable, community-based energy solutions.
end
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 approximately 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 Wind segment is focused on delivering a suite of wind products and services to help accelerate a new era of energy by harnessing the power of wind. Technologies provided to customers include the next generation high efficiency 3-megawatt onshore wind turbine and the Haliade-X offshore wind turbine platform, as well as maintenance solutions and life extension optionality.
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.
© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.
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Product Information
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MIT-GE Vernova Energy and Climate Alliance kicks off with slate of 13 new energy and climate research projects, eight endowed fellowships, campus activities, key collaborations
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On campus launch follows creation of Alliance in March and GE Vernova’s commitment to invest $50 million over five years to fund research initiatives, student fellowships, internships, educational and professional development programs, and support philanthropic initiatives
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Inaugural research projects focus on areas of Electrification, Digital Solutions, Decarbonization, and Renewables Acceleration
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Celebratory event, science displays, food trucks and more help launch Alliance aimed at advancing new technologies and fostering new leaders in power industry
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Welcoming eight endowed GE Vernova Fellows, Technology and Policy Program funding recipients, and nearly 1,000 students to learn from Advanced Research Center tech demonstrations and connect with GE Vernova's Executive Leadership Team
CAMBRIDGE, MA (September 15, 2025) – MIT and GE Vernova today formally kicked off their unique Energy and Climate Alliance with multiple research and fellowship announcements, career discussions, science displays and more. Bringing GE Vernova’s advanced technology and innovation together with MIT’s world class researchers, the MIT-GE Vernova Energy and Climate Alliance is committed to accelerating cutting-edge technologies and fostering the next generation of power industry leaders.
As part of the Alliance, GE Vernova will provide $50 million over five years to fund MIT research initiatives, student fellowships, and internships, philanthropic causes, as well as educational and professional development programs for GE Vernova leaders. The first 13 of these research initiatives were announced today, which will focus on the areas of Electrification, Decarbonization, Renewables Acceleration and Digital Solutions. The Alliance also announced eight GE Vernova Fellows, who will continue their research at MIT with tuition support from GE Vernova, funding for three master’s students per year through MIT’s Technology Policy Program, and philanthropic partnerships. More details on these three announcements are below.
Leaders and researchers from both organizations celebrated the milestone with a campus event that included MIT alumnae now working at GE Vernova, aiming to attract students considering a career in the energy and climate industries. Scheduled to give remarks at the kickoff events are Anantha P. Chandrakasan, Provost of the Massachusetts Institute of Technology and Vannevar Bush Professor of Electrical Engineering and Computer Science, Dr. Betar Gallant, Kendall Rohsenow Associate Professor of Mechanical Engineering, Faculty Director for the MIT-GE Vernova Energy and Climate Alliance, Massachusetts Secretary of Energy and Environmental Affairs Rebecca Tepper, Massachusetts Secretary of Economic Development Secretary Eric Paley, and GE Vernova CEO Scott Strazik and Chief Corporate Officer Roger Martella.
"The mission of this alliance is ambitious — advancing research, education, and career opportunities that can help shape a more sustainable, energy-efficient future. Through this exciting Alliance, we are already seeing exciting results: new research projects, new graduate fellowships, and new opportunities for our students to lead," said Anantha P. Chandrakasan, MIT Provost, and Vannevar Bush Professor of Electrical Engineering and Computer Science.
“Decarbonizing our energy systems demands new ideas, new tools, and new talent. As of today’s launch, MIT teams are already pursuing bold projects that span disciplines and open new frontiers — and crucially, give our students a chance to learn, contribute, and lead,” said Betar Gallant, Faculty Director of the MIT–GE Vernova Energy and Climate Alliance and Kendall Rohsenow Associate Professor of Mechanical Engineering at MIT.
“The Energy and Climate Alliance represents Massachusetts at its best – putting pioneering companies in the same space as brilliant students and watching innovation take off,” said Massachusetts Energy and Environment Secretary Rebecca Tepper. “We’ve seen time and again, ideas born out of our colleges and universities grow into thriving businesses that employ thousands and solve some of the world’s toughest challenges. Years from now, I look forward to seeing what innovation was started here at MIT today.”
“We’re proud to collaborate with the world’s leading research institution and combine forces to bring tomorrow’s technologies to life faster and solve some of the world’s most pressing challenges,” said GE Vernova CEO Scott Strazik. “Building on our sense of relentless optimism, I’m inspired by MIT’s amazing students and researchers and excited to develop career paths and opportunities for their futures.”
The MIT-GE Vernova Energy and Climate Alliance also include commitments to support philanthropic initiatives, including the MIT Human Insight Collaborative initiative (MITHIC). For 2025-26, GE Vernova’s MITHIC contribution will tackle the shared priority of addressing global energy poverty by supporting the MIT Abdul Latif Jameel Poverty Action Lab (J-PAL), which among other areas is working on an initiative to improve the growth of affordable electricity in South Africa.
Another focus area of the Alliance is the development of future energy leaders, including through donations to the New Engineering Education Transformation program and commitment to supporting MIT interns. GE Vernova has also provided funding and become an official member of critical sustainability, automation/robotics and AI focused programs at MIT, including the Initiative for New Manufacturing, MIT Energy Initiative, MIT Climate and Sustainability Consortium, and Center for Transportation and Logistics. The Alliance will also support critical cross-institution engagements for energy and climate policy development, including funding three Technology and Policy Program research projects annually, and hosting an Annual Symposia.
The slate of 13 new MIT-lead research initiatives will include the following projects:
- Electrification – Focused on building the grid of the future with resilient cutting-edge hardware and software.
- Professors Samantha Coday and David Perrault’s labs will be addressing the expected power surge demands from datacenters through innovative converter and transformer designs.
- Professors Priya Donti and Deep Deka’s labs will tackle the ever-changing needs of the electric grid’s constraints and limits in a unified and adaptable approach using AI-based solvers.
- Professor Marija Illic’s lab will be developing a scalable control and protection framework for stable and optimal grid forming operation.
- Digital - Accelerating design of complex industrial tools and products through AI, multi-robot intelligence and Cyber security infrastructure.
- Professor Chuchu Fan’s lab will develop autonomous manufacturing and field inspection robots to perform complex/unsafe tasks in place of humans.
- Professor Faez Ahmed’s lab will seek to develop a physics-aware foundation model to reduce turnaround time of high-fidelity simulations, including a Large-Language Model (LLM) agent to demo on selected component redesigns.
- Professor Rahul Mazumder’s lab will seek to develop a functional chatbot capable of processing multimodal data and engaging users in interactive dialogue.
- Professor Pulkit Agrawal’s lab will develop a foundation model for robotic assembly that can support human tasks in manufacturing.
- Decarbonization - Meeting the world’s growing needs for electricity while accelerating breakthroughs in carbon-free energy solutions.
- Professor Asegun Henry's lab will be exploring the limits of their methane-to-hydrogen process, which uses a unique molten-metal reactor and carbon separator. This process may offer a more economical route to hydrogen production.
- Professors Ericmoore Jossou and Koroush Shirvan’s labs will be developing a new alloy for next-gen nuclear fuel cladding to withstand extreme heat and radiation. The result would be stronger, longer-lasting fuel components that reduce downtime, lower maintenance costs, and help deliver more affordable, reliable nuclear energy.
- Professor Ju Li’s lab will be exploring a novel system to convert CO2-derived syngas from solid oxide electrolysis (SOEC) to Ethanol using alternating current electrolyzers, with the goal to reduce CO2 waste.
- Professors Yogesh Surendranath and Rohit Karnik’s labs seek to develop high-conversion, cost-and energy efficient ammonia cracking through a novel, scalable electrochemical membrane reactor design demo.
- Renewables acceleration - Driving innovation in energy storage, wind power and operational optimization to improve efficiency, reliability, scalability and affordability.
- Professor Mike Howland’s lab will identify conditions that trigger damaging vibration events for wind blades, with validation from Prof Marcus Hultmark’s experimental work at Princeton University.
- Professor Cohen Tal’s lab, partnering with Professor John Pojman at Louisiana State University, proposes a more sustainable alternative blade manufacturing process.
The 8 GE Vernova Fellows are as follows:
- Gage Coon, Department of Earth, Atmospheric, and Planetary Sciences
- Research focus: Designing microbial and geochemical systems that are scalable, cost-effective, and compatible with existing waste streams or geologic formations.
- Kevin Hsu, Department of Urban Studies and Planning
- Research focus: Understanding systemic barriers that slow, stall, or stop outright the delivery of clean energy projects and finding ways of surmounting these challenges.
- Nicolas Tricard, Department of Mechanical Engineering
- Research focus: Physics-informed and data-driven inverse modeling of gas-phase reacting systems.
- Owen Mylotte, Department of Nuclear Science and Engineering
- Research focus: Developing an open source, high performance neutron transport software targeted at improving the ease and efficiency with which new reactors can be designed and deployed to market.
- Julia Estrin, Department of Electrical Engineering and Computer Science
- Research focus: Developing high-voltage, high-efficiency, and high-frequency power electronics that will help form the foundation of an electrified grid.
- Aaron Langham, Department of Electrical Engineering and Computer Science
- Research focus: Applying advanced signal processing, physical modeling, and computer systems to create new physically trustworthy power monitoring capabilities that provide actionable information for operating electric grids
- Hannah Grauer, Center for Computational Science and Engineering
- Research focus: Advancing deep learning and physics-informed methods for more accurate and interpretable satellite-based emissions quantification.
- Jack Morris, Institute for Data, Systems, and Society
- Research focus: Developing energy system optimization models to identify pathways to more affordable, reliable and clean electric power systems.
Technology Policy Program awardees are:
- Michelena O’Rourke, Department of Electrical Engineering and Computer Science
- Research focus: Developing a Digital Twin to model and analyze electricity markets.
- Jason Frost, Institute for Data, Systems, and Society
- Research focus: Modeling the generation interconnection process to rapidly evaluate and develop interconnection reforms that accelerate deployment of clean energy resources.
- Martin Staadecker, Institute for Data, Systems, and Society
- Research focus: Understanding how companies report their greenhouse gas emissions, especially supply chain emissions.
The selected projects were reviewed and approved through a joint process led by MIT faculty and GE Vernova's Advanced Research Center lead researchers.
The MIT-GE Vernova Energy and Climate Alliance is managed through MIT’s Office of Innovation and Strategy, bringing together faculty, researchers, and students to address some of the most pressing challenges in energy and climate technology. Beyond research, the collaboration will play a vital role in developing the energy sector’s future workforce. Through fellowships, research support, and internships, MIT students will gain hands-on experience at GE Vernova’s global facilities tackling real-world energy challenges. A dedicated career exploration program will further connect MIT students and faculty with opportunities across GE Vernova’s global teams.
To foster interdisciplinary dialogue, MIT and GE Vernova will host an annual symposium in February 2026 on the MIT campus, bringing together thought leaders, students, and industry experts to present research results and explore cross-cutting solutions in energy, climate, and technology policy.
end
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 approximately 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.
© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.
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Secretary Rebecca Tepper and MIT Provost Anantha P. Chandrakasan
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MIT | Senior Communications Officer Office of Innovation and StrategyMIT Media Relations
For ‘Wind Girl’ Julia Vey, the Only Thing Better than Getting Wind Turbines Delivered on Time Is the View from the Top
The scene: northwest Germany. A quiet farm. Enter a university student with a question that would shape her future. “Hey, when are you getting a wind turbine?”
It was a casual moment, but for Julia Vey, then an apprentice at GE Vernova in nearby Salzbergen, it planted a seed. Back in the early 2000s, wind power was still small-scale, and large turbines were rare. But Julia was fascinated — and determined to be part of what she sensed was coming.
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TPG to acquire GE Vernova’s Proficy® Software business
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Transaction will establish manufacturing software business as leading independent industrial technology solutions provider.
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Proficy software technology portfolio solves some of the toughest challenges in manufacturing, infrastructure, and other industries.
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GE Vernova retains its Electrification Software business focused on developing solutions to help customers electrify and decarbonize the energy ecosystem.
CAMBRIDGE, Mass. / SAN FRANCISCO & FORT WORTH, Texas (September 11, 2025) – GE Vernova Inc. (NYSE: GEV) and TPG, a leading global alternative asset management firm, announced today the signing of a binding agreement confirming the intent under which TPG will acquire GE Vernova’s Proficy® manufacturing software business (“Proficy”) for $600 million. GE Vernova may receive additional sale proceeds in the future depending on various outcomes and conditions. TPG will invest in Proficy through TPG Capital, the firm’s U.S. and European private equity platform.
The proposed transaction would establish Proficy as a standalone software business that helps its more than 20,000 customers manage complexity, enable greater efficiency, and improve connectivity across their industrial operations. Proficy’s software portfolio solves industrial challenges across discrete, process, and hybrid manufacturing, as well as metro transit and other infrastructure applications. Its fully integrated solutions include cloud-based and on-prem HMI/SCADA, MES, industrial data management, and analytics, offering architectural flexibility from equipment to the production line, plant, and full enterprise. In partnership with TPG, Proficy would continue to deliver enhanced and expanded offerings that meet the evolving needs of teams across the broader manufacturing and infrastructure sectors. This manufacturing software business currently comprises approximately 20% of GE Vernova’s Electrification Software revenues.
“We are excited to reach this agreement with TPG to position the Proficy business for independent success, while also generating significant proceeds for GE Vernova to reinvest in our core businesses,” said Scott Strazik, CEO of GE Vernova. “The Proficy portfolio provides critical tools for manufacturing and production customers around the world, and I’m confident that TPG will help this important business continue to grow and meet the expanding needs of the industry. GE Vernova remains focused on delivering solutions to help customers electrify and decarbonize the energy ecosystem, including growing GridOS®, our enterprise software and AI platform for grid orchestration. We recently expanded GridOS through our acquisition of Alteia, an AI computer vision and machine learning company, as we continue to position that business for the future.”
“Manufacturing is undergoing a renaissance driven by customers’ need to increase throughput, optimize operations, and augment workforces. Proficy’s mission-critical, integrated, and increasingly AI-enabled solutions are leading the way, enabling customers to run, monitor, and improve the production process,” said Art Heidrich, Partner at TPG. “We are excited to partner with GE Vernova and Proficy’s leadership team to accelerate growth and power customers’ digital evolutions.”
TPG has deep experience executing corporate carveouts to support and grow innovative software businesses, with investments that have included Boomi, Elite, Everfox, Hospitality Solutions, McAfee, and Wind River.
Upon the successful completion of the proposed transaction, TPG would own and control the Proficy business and GE Vernova would retain a board observer seat. The proposed transaction is subject to information and consultation with employee representatives and other customary closing conditions, including certain regulatory approvals, and is expected to close in the first half of 2026.
Evercore and Morgan Stanley & Co. LLC are serving as financial advisors to GE Vernova. Centerview Partners LLC is serving as lead financial advisor to TPG, and William Blair is also serving as financial advisor to TPG.
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About TPG
TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $261 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.
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, the expected completion of the disposition of its Proficy Software business, the expected proceeds to be realized from such disposition and the use thereof, any potential future additional value to be realized in connection with such disposition and the performance of Proficy Software, 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 GE Vernova’s business operations, financial results and financial position and on the global supply chain and world economy.
end
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 approximately 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.
© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.
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TPG to acquire GE Vernova’s Proficy® Software business
Image credit: GE Vernova
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Courtney Power
GE Vernova launches PlanOS: A more advanced utility planning software platform for the grid of today, and tomorrow
Cambridge, MA (September 8, 2025) - Today, GE Vernova Inc. (NYSE: GEV) announced the launch of PlanOS, a unified software suite designed to empower energy planners, utilities, and regulators with an integrated system planning platform for a smarter grid of the future. Built on decades of real-world modeling expertise and developed in close collaboration with system operators globally, PlanOS provides a modular yet deeply integrated environment to unlock faster iteration and better decision making.
With the energy transition accelerating and grid systems growing increasingly complex, the need for smarter, faster, and more holistic planning has never been greater. Traditional planning tools are siloed, disjointed, and slow to adapt to the challenges posed by renewable integration, electrification, and decarbonization. PlanOS was created to address this gap.
“Grid planners today face unprecedented complexity - the grid is undergoing significant transformations that are reshaping how we plan for reliability, resilience, and affordability,” said Jim Walsh, Vice President, GE Vernova’s Consulting Services. “PlanOS gives planners the unified environment they need to simulate, iterate, and act - confidently.”
Four Engines, One Platform
At the heart of PlanOS are four core simulation engines, all built on a shared data architecture:
- Power Flow: High-fidelity steady-state and dynamic analysis, including contingency studies, transmission planning, and interconnection analysis.
- Resource Adequacy: Industry-leading fidelity and integration to assess system reliability under a wide range of conditions, integrating weather, outages, and grid constraints.
- Production Cost: High-speed, extensible and integrated simulation linking investment with real-world dispatch and emissions.
- Capacity Expansion: Unique optimization engine to test multiple policy, technology, and demand futures - enabling robust, least-regret investment decisions.
Together, these engines allow users to run complex, interconnected studies in a single environment, with a unified dataset model, streamlining workflows and dramatically reducing time to insight.
Performance Meets Practicality
Built with high-performance computing at its core, PlanOS delivers results in a fraction of the time compared to legacy tools. Open APIs, scripting support, and a modular architecture make it both powerful and flexible - meeting the diverse needs of planners across markets and geographies.
“We didn’t start by building a product - we started by solving real planning problems,” said Gagan Porwal, Chief Operating Officer and Head of Software, GE Vernova’s Consulting Services. “PlanOS is the product of decades of experience and global collaboration. It’s been purpose-built and stress-tested - by planners, for planners.”
To learn more please visit: www.gevernova.com/consulting/planos
end
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 approximately 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 Consulting Services business provides customers with a suite of energy consulting expertise focused on solving the world’s toughest technical and economic power system problems, enabling technology integration, and shaping the energy transition to help accelerate a new era of energy. With its cross-business resources, it can deliver power systems analysis, studies, and decarbonization pathways to serve a diverse global client base with a strong local presence.
© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.
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GE Vernova and ESB to modernize Dublin Bay power plant to help boost efficiency and grid reliability
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GE Vernova’s Gas Power and Power Conversion & Storage solutions selected to increase performance of the existing GT26 gas turbines powering ESB’s Dublin Bay power station
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Modernization is expected to add nearly 30 megawatts (MW) of reliable power, helping to improve stability of the national grid and power more Irish homes
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The project aims to assist ESB’s decarbonization plans by installing upgrades with the potential to burn hydrogen blends in the future
DUBLIN, IRELAND (September 8, 2025) – Electricity Supply Board (ESB) of Ireland and GE Vernova (NYSE: GEV) have announced a major life extension and modernization project for the Dublin Bay power plant, aimed at enhancing performance, reliability, increasing output, and supporting Ireland’s energy transition goals in line with ESB’s Net Zero by 2040 carbon emissions strategy.
Under a new contractual service agreement, GE Vernova will implement its GT26 High Efficiency (HE) upgrade along with its SEMIPOLTM technology for Static Excitation Equipment (SEE) and Startup Frequency Converter (SFC). This life extension project is expected to be completed in 2026.
Commissioned in 2002, the Dublin Bay facility currently generates up to 415 Megawatts (MW) using a single -shaft GT26 gas turbine.
The major life extension project is expected to deliver:
· Up to 30 MW of additional power, which is the power needed to supply the equivalent of approximately approximately 30,000 Irish homes annually
· Efficiency gains of up to 1.8% at baseload, leading to 5% carbon dioxide (CO2) reduction
· Improved grid stability through advanced excitation and frequency conversion systems
· Lower carbon intensity, supporting ESB’s decarbonization strategy and enabling future use of hydrogen fuel blends.
“Although Dublin Bay is already one of our most efficient plants, we saw an opportunity in having an even more important role in delivering our Net Zero carbon emissions strategy by further enhancing its performance, reliability and sustainability.” said Arkadiusz Galant, Dublin Stations Manager, ESB. “Our life extension project in 2026 will help us to deliver more power allowing us to provide electricity for Irish households over the next decade while being more efficient with lower emissions and enabling possible future hydrogen blends.”
“This project builds on our long-standing partnership with ESB,” said Joseph Anis, President and CEO of GE Vernova's Gas Power business in Europe, Middle East, and Africa “The GT26 HE upgrade and SEMIPOL™ technologies will not only increase output and efficiency but also provide the flexibility and reliability needed to support Ireland’s evolving energy landscape.”
About the GT26 HE Upgrade
Introduced in 2019 to support the utilization and competitiveness of the GT26 gas turbine, this upgrade integrates advanced technology from GE Vernova’s F and H class fleets, including additive manufactured parts and innovations in aerodynamics, materials and combustion. The performance improvement that the HE solution can deliver is attributable to technology breakthroughs across every major component of the GT26 gas turbine - turbine, compressor and combustor - that helps decrease fuel costs while increasing full-load output and extend maintenance intervals.
Located mostly in Europe, Middle East, Latin America and Asia, the GT26 gas turbine fleet of more than 100 units delivers an approximate total of 37 gigawatt of power capacity and can combust up to 40 percent of hydrogen with natural gas.
About SEMIPOL™ Static Excitation and Startup frequency converter technology
The Power Conversion & Storage business works with customers in utilities and industries that benefit from power stability solutions. The combination of SEMIPOL™ SEE and SFC conversion systems are crucial for generator startups in gas power plants, synchronizing the generator on the grid, and managing the effects of grid power and frequency variation. This allows for smooth startups and helps to reduce mechanical stress, extend equipment life, and lower maintenance cost. It has an installed base of over 1,000 SEE & SFC systems.
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Notes to editors
Financial Editors: Please note this order was booked in the first quarter of 2025.
To learn more on the upgrade: https://vernova.is/4gjsCjI
About ESB
ESB was established in 1927 as a statutory body under the Electricity (Supply) Act, 1927. With a holding of 97.1%, ESB is majority owned by the Irish Government. The remaining 2.9% is held by the trustees of an Employee Share Ownership Plan. As a strong, diversified utility, ESB operates across the electricity market, from generation through transmission and distribution, to supply of customers in addition to using our networks to carry fibre for telecommunications. ESB is the leading Irish utility with a regulated asset base of approximately €14 billion (comprising ESB Networks €11bn and NIE Networks €3bn), a 25% share of generation in the all-island market and retail businesses supplying electricity and gas to almost 1.9 million customer accounts throughout the island of Ireland and Great Britain. During the year ended 31 December 2024, ESB Group employed an average of 9,600 people.
Visit esb.ie to learn more about ESB.
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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 approximately 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 power plant technologies and services with the industry’s largest installed base.
GE Vernova’s Power Conversion & Storage business combines advanced energy conversion and storage systems to meet the electrification needs of utilities and industries. With a focus on industrial electrification, power stability, and energy storage solutions, Power Conversion & Storage empowers customers by addressing their most complex electrification challenges and accelerating their transition to a sustainable, decarbonized future.
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.
© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.
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GE Vernova completes sale of Onshore Wind blade factory in Poland
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Transaction supports simplification of Wind business
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Frees capital to reinvest in core EU manufacturing facilities
Cambridge, MA (September 5, 2025) - This week, GE Vernova completed the sale of an onshore blades factory in Goleniów near Szczecin, Poland, previously owned by LM Wind Power, to Vestas. This follows the agreement signed on 15 May 2025 and the successful completion of all necessary regulatory approvals.
LM Wind Power CEO, Hanif Mashal, said: “We are pleased to complete the transfer of this facility to Vestas. This transaction enables us to simplify our business and reinvest the capital into core EU manufacturing facilities producing GE Vernova wind products to better serve our loyal customer base in the region.”
GE Vernova has a total installed base of approximately 57,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers the next-generation high-powered turbines at scale that drives decarbonization through high-quality, affordable, and sustainable renewable energy.
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GE Vernova’s LM Wind Power business is an industry-leading developer and manufacturer of high-quality rotor blades for onshore and offshore wind turbines with blade services solutions and a global manufacturing footprint.
© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.
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