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.

###

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.

HELSINKI, Finland (July 1, 2025) – GE Vernova Hitachi Nuclear Energy (GVH) and Fortum have entered into an early works agreement to advance potential deployment of the BWRX-300 small modular reactor (SMR) in Finland and Sweden.

Fortum completed a new nuclear feasibility study in March and announced that it had selected the BWRX-300 as one of the technologies it is considering for potential deployment in both nations.

“After diligently evaluating several aspects of SMR technologies over the past two years Fortum concluded that the BWRX-300 is a technology for potential deployment in Finland and Sweden,” said Nicole Holmes, Chief Commercial Officer, GVH. “We have a long history supporting the nuclear industry in the Nordics and we look forward to working with Fortum as it continues to develop its capabilities for new nuclear.”

Through the early works agreement GVH and Fortum will work on pre-licensing and engineering activities for site adaption in Finland and Sweden with potential BWRX-300 deployment in the second half of the 2030s.

The 300 MW BWRX-300, a 10^th generation design, builds on decades of real-world boiling water reactor operating experience and innovation, using a proven delivery model and leveraging GVH’s experience with cross-border regulatory collaboration.

Momentum continues to build around the global deployment of the BWRX-300. In May, the Province of Ontario and Ontario Power Generation (OPG) announced approval to proceed with construction of the first BWRX-300 at OPG’s Darlington site near Toronto. A total of four BWRX-300s are planned for the site with construction of the first unit expected to be complete by the end of the decade.

Also in May, Tennessee Valley Authority (TVA) announced that it has submitted an application to the U.S. Nuclear Regulatory Commission to construct the first BWRX-300 in the U.S., at the utility’s Clinch River site in Oak Ridge, Tennessee. These developments support GVH’s leadership position in the SMR sector. Fortum is now poised to benefit from this depth of experience and expertise.

###

About Fortum
Fortum is a Nordic energy company. We generate and deliver reliable energy to our customers and the Nordic energy system while at the same time helping industries decarbonize their processes and grow. Our core operations comprise efficient and best-in-class low-carbon power generation, customer services, and heating and cooling. Fortum’s power generation is already 99% from renewable or nuclear sources with one the lowest specific CO2-emissions in Europe. We are guided by our ambitious SBTi-validated emission reduction targets on our way towards net-zero by 2040. For our ~4,500 employees, we commit to be a safe and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. fortum.com

Everyone loves a vacation. But that’s the problem: The world’s holiday destinations are bursting at the seams with visitors. Workers at the Louvre in Paris recently went on strike, saying they were suffering from exhaustion.

Puerto Rico (June 30, 2025) — GE Vernova (NYSE: GEV) announced it has secured an order for six of its LM2500XPRESS* aeroderivative gas turbine packages from the Puerto Rican Equipment Procurement and Construction company RG Engineering (RGE) to help bring fast and reliable power in Puerto Rico. The six units are expected to modernize the Puerto Rico Electric Power Authority (PREPA) power plants at Daguao, Jobos, and Yabucoa managed by the private operator Genera PR (Genera).

Puerto Rico’s energy challenges stem from natural disasters with Hurricanes Maria in 2017 and Fiona in 2022 which significantly weakened the island’s power grid. The six new units are estimated to provide approximately 244 megawatts (MW) in total with the goal to ensure a more robust energy system for the island, support possible peak summer demand and provide emergency power.

In addition, flexible and highly efficient natural gas fired plants can help Puerto Rico to increase its energy security while continuing to expand its development of renewable energy resources, including solar and wind. Under the 2019 Puerto Rico Energy Public Policy Act, Puerto Rico set an ambiton to obtain 60% of its electricity supply from renewable resources by 2040, and 100% by 2050” (EIA).

“These plants are being equipped with new, more efficient generation units, as part of a larger project to replace older, less efficient equipment,” said Winnie Irizarry, President & CEO at Genera PR.  “This renewal is part of a larger initiative to modernize Puerto Rico's power grid, focusing on improving generation capacity and reliability to ultimately strengthen electrical availability during high demand peaks and improve the quality of life for the Puerto Rican people.  With GE Vernova’s aeroderivative solutions, we can feed in electricity quickly and flexibly at the request of the transmission grid operator and thus help to stabilize the grid in the island.”

Each of GE’ Vernova’s LM2500XPRESS power packages is comprised of a GE Vernova LM2500 aeroderivative gas turbine modular package and an emissions control system.  With the capability to start in 5 minutes or even less from cold iron, these units derived from the aviation industry can perform daily starts and stops without impacting its maintenance cycles or costs and can help a better integration and compensation of renewable energy sources.

“GE Vernova is honored to support Puerto Rico with our advanced Aeroderivative gas turbine technology to modernize their electric grid while increasing its capacity to meet growing demands”, said Dave Ross, CEO of GE Vernova’s Gas Power business in the Americas region. “Our LM2500XPRESS aeroderivative gas turbines are very responsive and a great fit to help improve the reliability of PR’s electrical system while allowing the integration of additional renewable generation.  We are excited to help support Genera PR and PREPA as it makes an important contribution towards the security of the power supply in Puerto Rico.”

GE Vernova’s LM2500XPRESS

GE Vernova’s LM2500XPRESS power plant is 95 percent factory assembled into simplified modules and provides a “plug and play” concept that is ideal to bring fast power to the grid, when needed.

For plant operators who need power in just weeks, the LM2500XPRESS can be installed quickly and offers the ability to ramp up from cold iron to base load within five minutes. Its plug and play nature can provide flexible power where it is needed quickly and efficiently. It’s available in both simple and combined cycle configurations, for 50 and 60 Hz utility providers. In simple cycle configuration, it delivers up to 34 MW and achieves up to 39.5 percent of efficiency. In a combined cycle configuration, it delivers up to 47 MW with up to 54.4 percent of efficiency.

The compact LM2500XPRESS units for this project will be assembled at GE Vernova Gas Power’s Manufacturing Excellence Center in Verésegyhaz, Hungary.

END

Notes to editors

For Financial editors: this order was booked in the second quarter in 2025.

BROSSARD, CANADA (June 26, 2025) GE Vernova Inc. (NYSE: GEV) announced today that it has secured an order from Rio Tinto, one of Canada's largest private producers of hydroelectricity, for the upgrade of eight turbine-alternator units at the Isle Maligne hydropower plant in the Saguenay-Lac-Saint-Jean region of Quebec, Canada. The plant features twelve Francis hydropower units in total.

The modernization of this nearly 100-year-old hydropower plant is expected to enhance the performance of the units and their lifetime for decades to come. It will help Rio Tinto supply energy for its five low-carbon aluminum smelters facility in Saguenay – Lac-Saint-Jean.

Last year, under a previous agreement, GE Vernova modernized one generator at the Isle-Maligne plant. After that, Rio Tinto and GE Vernova made the decision to issue a more holistic approach for the modernization of the remaining eight turbine-alternator units. This larger and longer-term scope will enable early engagement and close collaboration between the two companies. It gives the visibility needed to plan, design, and secure the supply chain, providing Rio Tinto with an optimized project schedule and reduced total cost of ownership, while ensuring efficient and timely project execution. The first unit modernization in expected in 2026 and the last one by 2032.

This project is the result of the longstanding collaboration between Rio Tinto and GE Vernova, which involved work on several hydropower plants located in the province of Quebec, Canada, such as Shipshaw.

Sébastien Ross Managing Director for Atlantic Operations, Rio Tinto Aluminium said: “The Isle-Maligne hydroelectric power plant has been a strategic asset for Rio Tinto for 100 years, drawing on the expertise and dedication of multiple generations of employees and business partners. This major investment to modernise our facilities will ensure the long-term future and competitivity of our low carbon aluminium production in Quebec for decades to come for our Canadian and American customers.’’

Frederic Ribieras, Hydro Power CEO, GE Vernova, said: “This modernization project at the Isle Maligne plant is a testament of how we can achieve greater efficiency and performance without altering the core infrastructure. And, this long-term collaboration will be critical to help secure the supply chain in a capacity-constrained market, with pressure on the industry to execute on many projects.”

Canada has one of the least carbon intensive energy systems in the world, in large part thanks to hydropower, which supplies around 60% of the country’s electricity needs. However, the average age of hydropower plants in Canada is 53 years old. By 2050, electricity demand is expected to double in Canada. Modernizing its existing hydropower fleet will be essential to meet that growing demand with clean and reliable power.

In Canada, GE Vernova’s team of over 2,000 talented employees, backed by a legacy spanning more than 130 years, is driving meaningful change by supporting our customers from coast to coast to coast with power generation, transmission, conversion, storage, and orchestration solutions.

END

Notes to editors

Financial Editors:  Please note this order was booked in the first quarter of 2025.