CAMBRIDGE, Mass. (October 21, 2025) - GE Vernova Inc. (NYSE: GEV) today announced that GE Vernova will acquire the remaining fifty percent stake of Prolec GE, its unconsolidated joint venture with Xignux, further positioning GE Vernova as a global leader serving growing grid markets. The deal will accelerate GE Vernova's Electrification segment’s growth trajectory, the company's fastest-growing segment, by expanding its presence in and support for North America, where demand for grid technologies is rising rapidly. This acquisition expands GE Vernova’s capability to serve both North American and global customers, at a time in which these markets are experiencing rapid electricity demand growth, driven in part by the growth of data centers and new policies implemented to expand the deployment of critical grid and electrification equipment.

Prolec GE is a leading grid equipment supplier, producing transformers across most ratings and voltages with approximately 10,000 global employees across seven manufacturing sites globally, including five in the U.S. The joint venture was originally established between Xignux and General Electric (GE) in 1995, and this acquisition consolidates Prolec GE after 30 years of partnership.

"We're excited to execute this highly attractive and strategic move to acquire full ownership of our Prolec GE joint venture from Xignux, which accelerates GE Vernova's global strength in grid technologies,” said GE Vernova CEO Scott Strazik. “This acquisition aligns with our strategic and financial objectives and is also good for our customers by strengthening our presence in North America where demand for grid equipment is growing rapidly. The deal is immediately accretive before synergies, with a partner we know well, and will drive additional profitable growth for GE Vernova. I want to thank the teams at both companies and look forward to welcoming the Prolec GE team to GE Vernova."

"We have taken this decision with full conviction after years of valued partnership with GE and GE Vernova. This transaction provides the opportunity for this business and team to continue their growth under the capabilities of a global leader," said Xignux CEO Juan Ignacio Garza Herrera. "We reaffirm our commitment to México and will continue driving our other businesses in North America by investing in innovation, technology and expansion, while contributing to the development and integration of the region. I want to express my deep gratitude to all Prolec GE employees, whose talent, commitment, and dedication have been essential."

Recent Prolec GE capacity expansion and innovation investments exceed $300 million in the U.S. and Mexico, including a recently announced $140 million investment and the creation of 330 new jobs over the next three years in Goldsboro, NC.

Under the purchase agreement, GE Vernova will pay $5.275 billion at closing, expected to be funded equally between cash and debt. The acquisition is expected to close by mid-2026, subject to the completion of customary regulatory approvals.

GE Vernova will discuss the transaction during an extended third quarter earnings conference call tomorrow at 7:30 AM Eastern Time. Materials related to the transaction have been posted on GE Vernova’s Investor Relations website at www.gevernova.com/investors/events.

Stand-alone Prolec GE Financials ^-a)

Anticipated Deal Funding Structure

Morgan Stanley & Co. LLC acted as financial advisor to GE Vernova on the transaction and Skadden, Arps, Slate, Meagher & Flom LLP provided legal counsel to GE Vernova. J.P. Morgan Securities LLC advised Xignux and Sidley Austin LLP served as legal counsel to Xignux.

* Non-GAAP Financial Measure
(a – forecasts prepared by GEV from data provided by the joint venture under the joint venture’s accounting policies, excluding any expected synergies, integration costs, and purchase price accounting adjustments determined through due diligence
(b - current GEV adjusted EBITDA* includes equity method income from Prolec GE, which equaled $17M in 2022, $93M in 2023, and $105M in 2024

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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 currently employs approximately 18,000 people in the United States of America across all 50 states. With more than 129 years of experience in Mexico, GE Vernova today employs over 1,700 people across five sites, and its equipment provides 38 GW of electricity generating capacity—nearly 42% of the country’s total—through advanced technologies including eight HA gas turbines, the Laguna Verde nuclear plant, and one of the world’s largest fleets of F-class gas turbines.

About Xignux
Xignux is a leader in the energy and food industries. Based in Monterrey, México, we manage a variety of companies that energize life and society to contribute to a better world, thanks to the hard work and talent of more than 33,000 employees in México, the United States, and Brazil. In the energy industry, Viakable offers electrical conductors, and Prolec GE specializes in energy transformation and delivery. In the food sector, Qualtia provides a wide portfolio of cheeses, cold cuts, meats, and food service, while BYDSA produces savory snacks. Through its Social Responsibility model and the Xignux Foundation, the company also contributes to society’s sustainable development with active participation in four priority areas: energy, nutrition, education, and community development. Xignux was founded 69 years ago and the solutions from its companies reach over 35 countries. Learn more about Xignux at www.xignux.com or follow us on LinkedIn Xignux.

Non-GAAP Financial Measures
Prolec GE Adjusted EBITDA* and Adjusted EBITDA margin*
Prolec GE’s Adjusted EBITDA* and Adjusted EBITDA margin* are non-GAAP financial measures and are forecasts of the joint venture as a standalone business prepared by GE Vernova based on data provided by the joint venture and prepared under its accounting policies and exclude any expected synergies, integration costs, and purchase price accounting adjustments determined through due diligence. We believe that Prolec GE’s Adjusted EBITDA* and Adjusted EBITDA margin*, which are adjusted to exclude the effects of unique and/or non-cash items that are not closely associated with ongoing operations, provide management and investors with meaningful measures of performance that increase the period-to-period comparability by highlighting the results from ongoing operations and the underlying profitability factors. We believe Prolec GE’s Adjusted EBITDA* and Adjusted EBITDA margin* provide additional insight into how the business is expected to perform, on a normalized basis. However, Prolec GE’s Adjusted EBITDA* and Adjusted EBITDA margin* should not be construed as inferring that Prolec GE’s future results will be unaffected by the items for which the measures adjust. We cannot provide a reconciliation of the differences between Prolec GE’s expected Adjusted EBITDA* and Adjusted EBITDA margin* and the corresponding GAAP financial measures without unreasonable effort due to the uncertainty and inherent difficulty of predicting the occurrence and financial impact of certain items, including the applicable tax rate, foreign exchange rates, the impacts of depreciation and amortization, and changes to conform accounting to U.S. GAAP.

Prolec GE free cash flow*
Prolec GE’s free cash flow* is a non-GAAP financial measure and is a forecast of the joint venture as a standalone business prepared by GE Vernova based on data provided by the joint venture and prepared under its accounting policies and exclude any expected synergies, integration costs, and purchase price accounting adjustments determined through due diligence. We cannot provide a reconciliation of the differences between Prolec GE’s free cash flow* and the corresponding GAAP financial measure without unreasonable effort, including due to the uncertainty of timing for capital expenditures and changes to conform accounting to U.S. GAAP.

GE Vernova Forward-Looking Disclaimer
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, our agreement to acquire Xignux's 50% GE Prolec JV interest, the expected financing for that acquisition, expected synergies, our capital allocation strategy, the expected performance of GE Vernova’s products and those it expects to acquire, 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.

BUCHAREST, Romania (October 16, 2025) - GE Vernova Inc. (NYSE: GEV) announced today that it has entered into an agreement with Greenvolt International Power to supply, install and commission 42 of its 6.1 MW–158m* onshore wind turbines to power the Ialomiţa wind farm in Ialomiţa, Romania. The wind farm will be capable of producing approximately 252 MW, supporting Romania’s goal of adding significantly more renewable energy by 2030.

The Ialomiţa deal was booked in the third quarter of 2025, and deliveries of the wind turbines for the project are scheduled to begin in 2026. The wind farms will generate enough electricity to power the equivalent of more than 110,000 homes and business annually in Romania.

Gilan Sabatier, Chief Commercial Officer for GE Vernova’s Onshore Wind business in International Markets, said “We appreciate the confidence that Greenvolt has shown in GE Vernova’s teams and our technology.  This project reinforces the value of our workhorse product strategy and demonstrates our ability to add value for customers in Romania and across Europe.”

GE Vernova's Onshore Wind 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 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: GEV’s 6.1 MW turbine with a 158-meter rotor is what we refer to as the 6.1 MW–158m.

MILAN, ITALY (October 15, 2025) — Italy’s energy future is at a crossroads. A new white paper from GE Vernova (NYSE: GEV), Navigating the Energy Transition: Pathways to Net Zero in Italy, shows that while the country is at risk of missing its 2030 goals, a clear roadmap can deliver both 2030 and 2050 climate targets — if decisive action is taken now.

Recent analyses across Italy’s energy sector warn the country is not on track for near-term milestones, and they set out the reasons: renewables are growing too slowly, grid capacity is constrained, and permitting remains a bottleneck. GE Vernova’s study provides a roadmap for how Italy can still meet its targets, with two quantified scenarios that highlight the choices ahead.

“2030 is Italy’s make-or-break moment,” said Jim Walsh, Vice President of GE Vernova’s Consulting Services. “This study provides a roadmap to success: the numbers, the scenarios, and the solutions that show how Italy can still achieve its decarbonization goals, while capturing the economic and industrial benefits of the transition.”

With electricity demand expected to rise by 60% by 2050 due to electrification, the study evaluates two scenarios for Italy’s power sector:

• Renewable Ambition: This pathway requires wind and solar capacity to double to 90-100 GW by 2030 and expand to approximately 200 GW by 2050. It also calls for at least 40 GW of battery energy storage, 13–17 GW of CCGTs with carbon capture, 8 GW of nuclear SMRs, and urgent completion of the Hypergrid transmission projects. This technology mix, along with some other critical permitting and regulation enablers, is a pathway that achieves both 2030 and 2050 climate targets. 

• Business-as-Usual: A slower trajectory for renewable growth combined with heavier reliance on CCS, hydrogen-capable gas, and imports. Italy may still achieve net zero by 2050 but will miss 2030, exposing the system to higher costs and greater dependency on external supply.

The grid is the decisive factor. Without accelerated transmission upgrades, renewable curtailment could reach 82 TWh annually by 2050—equivalent to approximately 16% of projected national demand. Even with Terna’s planned Hypergrid projects, additional reinforcements will be required to bridge the gap between renewable-rich southern regions and demand-heavy northern centers.

The economic stakes are significant. A slower trajectory would increase reliance on imports, heighten consumer exposure to volatile fuel costs, and may undermine Italy’s industrial competitiveness.

The full white paper is available here.

GE Vernova is a key player in Italy’s energy transition having enabled power generation in Italy for more than 100 years. Currently, approximately 25% of Italy’s power capacity is being provided using GE Vernova technology.MILAN, ITALY (October 15, 2025) — Italy’s energy future is at a crossroads. A new white paper from GE Vernova (NYSE: GEV), Navigating the Energy Transition: Pathways to Net Zero in Italy, shows that while the country is at risk of missing its 2030 goals, a clear roadmap can deliver both 2030 and 2050 climate targets — if decisive action is taken now.

Recent analyses across Italy’s energy sector warn the country is not on track for near-term milestones, and they set out the reasons: renewables are growing too slowly, grid capacity is constrained, and permitting remains a bottleneck. GE Vernova’s study provides a roadmap for how Italy can still meet its targets, with two quantified scenarios that highlight the choices ahead.

“2030 is Italy’s make-or-break moment,” said Jim Walsh, Vice President of GE Vernova’s Consulting Services. “This study provides a roadmap to success: the numbers, the scenarios, and the solutions that show how Italy can still achieve its decarbonization goals, while capturing the economic and industrial benefits of the transition.”

With electricity demand expected to rise by 60% by 2050 due to electrification, the study evaluates two scenarios for Italy’s power sector:

• Renewable Ambition: This pathway requires wind and solar capacity to double to 90-100 GW by 2030 and expand to approximately 200 GW by 2050. It also calls for at least 40 GW of battery energy storage, 13–17 GW of CCGTs with carbon capture, 8 GW of nuclear SMRs, and urgent completion of the Hypergrid transmission projects. This technology mix, along with some other critical permitting and regulation enablers, is a pathway that achieves both 2030 and 2050 climate targets. 

• Business-as-Usual: A slower trajectory for renewable growth combined with heavier reliance on CCS, hydrogen-capable gas, and imports. Italy may still achieve net zero by 2050 but will miss 2030, exposing the system to higher costs and greater dependency on external supply.

The grid is the decisive factor. Without accelerated transmission upgrades, renewable curtailment could reach 82 TWh annually by 2050—equivalent to approximately 16% of projected national demand. Even with Terna’s planned Hypergrid projects, additional reinforcements will be required to bridge the gap between renewable-rich southern regions and demand-heavy northern centers.

The economic stakes are significant. A slower trajectory would increase reliance on imports, heighten consumer exposure to volatile fuel costs, and may undermine Italy’s industrial competitiveness.

The full white paper is available here.

GE Vernova is a key player in Italy’s energy transition having enabled power generation in Italy for more than 100 years. Currently, approximately 25% of Italy’s power capacity is being provided using GE Vernova technology.

Let’s say you’re a developing country whose power grid is saddled with inefficient oil-fired power generation and you need to electrify quickly to meet the needs of a fast-growing economy. You might build out your solar, wind, battery storage, natural gas, or all of the above — but who can you call for help and advice?

JOHANNESBURG, South Africa (October 10, 2025) – Next Engineers, a global college- and career-readiness programme working to increase the opportunities for young people in engineering, celebrated the graduation of 43 learners from the Engineering Academy in Johannesburg, South Africa. The graduation ceremony, held at The University of the Witwatersrand, Johannesburg, marked the programme’s second graduating class and highlights its contribution towards bridging the science, technology, engineering and mathematics (STEM) skills gap in the country through exposing learners to hands-on engineering experiences and career pathways.

The 43 learners, representing 15 high schools across Johannesburg, were joined by their families to celebrate their achievements. Many of these learners plan to pursue engineering-related qualification at universities and technical institutions. Launched in 2022, PROTEC, University of Witwatersrand, and Kutitiva Foundation are the educational partners for the local Next Engineers programme. GE Vernova engineers and employees play an active role by engaging with Engineering Academy participants through hands-on, skill-based volunteering. In the 2024 calendar year, its Johannesburg-based employees donated over 680 hours to these efforts.

“We are delighted to celebrate the achievements of this year’s graduates and commend their dedication to pursuing careers in engineering,” said Matsi Eseu, South Africa HR Director for GE Vernova. “Supporting young talent through programmes like Next Engineers is central to GE Vernova’s mission. In Johannesburg, we see first-hand how these opportunities empower students to unlock their potential and contribute to solving real-world challenges. We are honored to play a role in shaping a more dynamic future for engineering in South Africa.”

Learners who complete the Engineering Academy program and enroll in a qualified engineering or engineering-related degree programme receive financial aid to support them as they continue on their paths to becoming engineers. To date, the Next Engineers programme in Johannesburg has reached nearly 4,100 learners and awarded $36,000 in scholarships to qualifying graduates. In addition, locally, GE Vernova awarded an additional $83,000 in scholarships to ten graduates through the country’s External Bursary Programme.

Dr. Nomalungelo Gina, Deputy Minister of Science, Technology, and Innovation, said: “I applaud PROTEC for its role in promoting STEM education and helping to develop a cohort of young people who represent the core of our future workforce. You have chosen to be the bridge between potential and opportunity for many young people in our country. You reach places that, for a variety of reasons, government programmes may not always reach - our rural communities, under-resourced schools, and marginalized groups. Your programmes continue to ignite curiosity, nurture the raw talent and open doors for young people who would otherwise be left behind. Your mentorships, youth clubs, bootcamps, and your efforts to bring scientific experiments and floating laboratories to those who have never seen a science laboratory in their lives is a transformative experience. You have helped a young girl in a village believe she can be an engineer and shown a boy from the township that coding is not only for those in affluent urban centres; careers in engineering are meant for them as well. Let us therefore commit, collectively, to building the science, technology, and engineering foundations that will carry our continent into a future we will co-create. As government, we are your ally; we do not see you as gap-fillers, but as catalysts for transformation.”

“We’re proud to celebrate the accomplishments of this year’s Engineering Academy graduates. Their drive and curiosity exemplify the promise of South Africa’s next generation of engineers,” said Balan Moodley, CEO of PROTEC. “We are grateful to GE Vernova for their vision and commitment in making this program possible. Together, we have helped deliver opportunities that have contributed to empowering young minds."

STEM training and education, such as Next Engineers, is helping to solve global challenges while also lifting up communities through economic opportunities. GE Vernova’s commitment to nurturing future STEM talent in South Africa extends beyond Next Engineers: through its External Bursary Programme, the company has provided comprehensive bursaries totaling $7.3 million (R128.5 million) to more than 900 beneficiaries pursuing Bachelor’s degrees in Science, Commerce, and Arts since 2020 to date. These bursaries help alleviate the financial burden for tertiary students, covering tuition, accommodation, textbooks, and monthly stipends for the duration of their studies.

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

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

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. Learn more: GE Vernova, GE Vernova in Middle East & Africa, and LinkedIn.

The GE Vernova Foundation supports the Next Engineers in Johannesburg, South Africa under an arrangement with the GE Aerospace Foundation.

About PROTEC
PROTEC was established in 1982 by a group of engineers from the South African Institute of Civil Engineers to respond to the challenges facing the education system and to address representation across all socio-economic and racial groups in STEM careers. To date, PROTEC has seen more than 40,000 learners complete the Learner Excellence Programme. Based in Randburg, PROTEC has 17 branches and projects in 6 out of the 9 provinces. Our aim is to extend the programme to all 9 provinces. The programme targets learners from Grade 4 to Grade 12 in specifically Science, Mathematics, and English. Teachers who teach these subjects as well as coding and robotics, benefit from development and support that uses a centre-based and classroom support model. Find us on www.protec.org.za, Facebook, LinkedIn and Instagram.

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.