Hammerfest, Norway (May 21, 2025) – GE Vernova Inc. (NYSE: GEV) today announced the forthcoming deployment of two high-voltage 420 kV sulfur hexafluoride - free (SF₆-free) gas-insulated substations (GIS) for Statnett SF, Norway’s Transmission System Operator (TSO), and Equinor ASA. Awarded in the fourth quarter of last year, the contract covers the design, supply, and installation of GIS units at Skaidi and Hyggevatn as part of Statnett’s 420 kV transmission line project—an important milestone supporting Norway’s energy transition and decarbonization effort.

The Skaidi substation involves upgrading the existing facility, while the Hyggevatn substation will be a completely new installation. Together, they aim to modernize Norway’s electrical grid, increase capacity, and electrify Melkøya Island, home to Equinor’s Snøhvit gas field and Hammerfest LNG plant. This initiative aligns with Statnett’s and Equinor’s commitment to achieving a sustainable energy transition while reducing greenhouse gas emissions.

The design of these next-generation substations will be based on GE Vernova’s g³ technology, which replaces SF₆ gas, a potent greenhouse gas commonly used in high-voltage equipment. The g³ technology is part of GE Vernova’s GRiDEA portfolio, a suite of decarbonization solutions that empower grid operators to meet their net-zero objectives. Launched in 2014, g³ gas shows an approximately 99% reduction in greenhouse gas contribution to global warming compared to SF₆, supporting the energy sector’s decarbonization goals.

Driving decarbonization of the grid across Europe

“This project in Norway is the latest of many contracts that we have signed for our new SF₆-free 420 kV T155g GIS since our first one in Scotland in 2020. GE Vernova’s g³ product portfolio has experienced strong commercial growth since the launch of our first SF₆-free product, underscoring the trust placed in g³ by over 60 utilities in Europe and Asia,” said Eric Chaussin, Power Transmission Business Leader at GE Vernova’s Electrification segment. “This marks another important milestone in our journey to electrify and decarbonize the world’s grids. We are proud to support the climate ambitions of Norway.”

GE Vernova’s g³ technology roadmap covers a wide range of voltage levels, from 72.5 kV up to 550 kV. The EU Commission LIFE Programme recognized the potential of this innovative technology by co-funding the development of the SF₆-free 420 kV GIS interrupter under the "LifeGRID" project. The g³ technology is now enabling utilities to take immediate action to reduce the carbon footprint of their high-voltage power grids, supporting their decarbonization goals.

Statnett’s Skaidi and Hyggevatn substations are expected to become operational by 2029. GE Vernova has a  track record of successful GIS Substations in Norway, including in Oslo Smestad, Sogn, and Hamang.

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Forward Looking Statements

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements address GE Vernova's expected future business and financial performance, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on business operations, financial results and financial position and on the global supply chain and world economy

The peculiar machine described in the 1920 issue of GE Review — essentially a giant engine designed to produce no mechanical power — seems like nothing more than a charming relic from the early years of electrification.

Foundational repositories like the ArcGIS Living Atlas of the World and the NOAA’s World Weather Records serve as libraries rich with the critical data used to analyze trends and forecast possible futures by multiple industries across the world. As we head into electricity’s expansive golden age, our knowledge base requires a similar specialized collection: intelligence and fine detail on global power systems.

April 2 marks the one-year anniversary of GE Vernova, a purpose-built innovation company dedicated to electrifying and decarbonizing the world’s energy system. Drawing on more than 130 years of experience tackling the world’s energy challenges, the company’s installed base produces about 25% of the world’s electricity, from wind and hydropower to gas-powered and grid solutions. The company built a solid foundation for a strong and sustainable future in its first year.

CAMBRIDGE, Mass. (March 4, 2025) – GE Vernova Inc. (NYSE: GEV) and Amazon Web Services, Inc (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced the signing of a strategic framework agreement (SFA) aimed at supporting AWS’s data center scaling, and collaborating to address increasing global energy demand, advance grid security and reliability, and decarbonize electric power systems.

Through this collaboration, GE Vernova will provide AWS with new offerings across a broad scope of solutions to electrify and decarbonize data centers across North America, Europe, and Asia, including:

• Electrification Systems: GE Vernova will continue to provide AWS with turnkey substation solutions to enable connectivity of AWS data centers to the grid, including expansion of major electrical equipment, project management, and construction support, across multiple sites globally. AWS and GE Vernova engineering teams will continue to work together to optimize data center substation design and delivery.
• Renewables: GE Vernova will collaborate with AWS to enhance the path for commercializing onshore wind development projects.
• Power Generation, Innovation and Services: GE Vernova and AWS will also explore additional opportunities for GE Vernova to provide power generation equipment and services to AWS as well as work with GE Vernova’s accelerator businesses – Advanced Research, Consulting Services, and Financial Services – to advance energy transition innovation, research, project development, and financing.

Pablo Koziner, Chief Commercial Officer, GE Vernova said, “We are excited to work in collaboration with AWS as they advance their computing capabilities and data center capacity. We believe that GE Vernova is well positioned through its broad portfolio of energy products and services to help AWS obtain reliable, cost effective, and more sustainable electricity for its data centers in support of their growth objectives. We appreciate the opportunity to work strategically with a company that embraces innovative solutions and values strong collaboration.”

Under this new collaboration, AWS will provide GE Vernova cloud services solutions to advance its cloud migration and digital innovation efforts, including through generative AI. AWS’s cutting-edge capabilities will support GE Vernova’s continued transformation as a standalone, public company as it enhances its systems and processes and further embeds sustainability and innovation into its core operations. The extended collaboration will introduce new potential technologies and cloud services, including AWS High Performance Computing (HPC). The collaboration will also help GE Vernova accelerate development cycles and optimize operations for advanced digital technology solutions through large computational power and cloud elasticity. AWS and GE Vernova will further work together to identify opportunities to accelerate GE Vernova’s operational goals, leveraging AWS technologies in artificial intelligence, big data, and data analytics.

Additionally, AWS will continue to collaborate with GE Vernova’s Electrification Software business to help support AWS Cloud deployments of software for the electric grid, power generation, and manufacturing industries.

“Through this expanded collaboration with GE Vernova, we’ll be able to accelerate data and energy efficiencies, driving reliable and more sustainable operations,” said Howard Gefen, general manager, energy & utilities, AWS. “Our shared goals of addressing increased global energy demand, advancing grid security, and decarbonizing electric power systems will help our customers across the globe.”

GE Vernova previously announced agreements to collaborate with AWS to help support cloud deployments of software to benefit electric utilities, energy organizations, manufacturers, and other industrial businesses. Through these collaboration arrangements, several of GE Vernova’s software solutions—including various applications within its GridOS® orchestration software portfolio, as well as Asset Performance Management—are hosted in the AWS Cloud.

Financial terms of this agreement are not disclosed.

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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. Learn more: GE Vernova and LinkedIn.

About Amazon Web Services
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 114 Availability Zones within 36 geographic regions, with announced plans for 12 more Availability Zones and four more AWS Regions in New Zealand, the Kingdom of Saudi Arabia, Taiwan, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

Forward Looking Statements
Except for the historical and factual information contained herein, the matters set forth in this press release, including statements related to the benefits of the parties’ collaboration, the parties’ business outlook and potential future operations or transactions, and that may be identified by words such as “will,” “believes,” “expects,” “plans” and similar expressions, are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including the risks that the parties’ anticipated benefits from their agreement and continued collaboration may take longer to be realized or be less than currently anticipated, that the benefits of AI and other emerging technologies may take longer to be realized or be less than currently anticipated, or that certain of the parties’ plans for future changes may be more difficult or time consuming to implement than currently expected. Many of these risks, uncertainties and assumptions are beyond the parties’ control. Actual events and results may differ materially from those anticipated, estimated or projected if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date made. Unless legally required, neither party undertakes any obligation and expressly disclaims any such obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Greenville, SC (January 15, 2025) – GE Vernova Inc. (NYSE: GEV) announced today the completion of the validation test campaign for its advanced Dry Low NOx (DLN) hydrogen combustion technology for B- and E-class gas turbines. The test campaign conducted at GE Vernova’s Global Technology Center in Greenville, South Carolina, demonstrated successful operation on natural gas and hydrogen blends and on 100% hydrogen with dry emissions below 25ppm NOx. GE Vernova currently plans to make the new DLN system available for new and existing B- and E- gas turbines as early as 2026.

GE Vernova is a world leader in gas turbine fuel flexibility, including over 120 gas turbines that have the capacity to operate or are currently operating on fuels that contain hydrogen, producing more than 530 Terawatt-hours of electricity over 8.5 million hours. This technology milestone announcement underscores GE Vernova’s continuous commitment to reduce the carbon emissions of its gas turbine generation fleet.

“We are proud to celebrate this technological advancement aiming to enable the decarbonization of our B- and E-Class fleet across the world,” said Jeremee Wetherby, Carbon Solutions leader, GE Vernova. “Developing a DLN combustion system able to burn 100% hydrogen safely and reliably is an engineering challenge. One of the ways hydrogen fuel differs from natural gas is that it burns much faster. Its flame speed is roughly eight times higher and presents risk of flashback. Through the test campaign, the GE Vernova team demonstrated very robust operation for the new DLN technology, without flash- back across a range of loads and fuel from pure natural gas to 100% hydrogen.”

Combustion dynamics or noise can be a challenge as well with hydrogen operation. The prototype performed very well in that category with relatively low levels even when operating on pure hydrogen. Test results also indicate that the technology can deliver higher availability and longer maintenance intervals comparable to current DLN combustors operating on natural gas. This is of particular importance for industrial customers who depend on gas turbines to power their operations reliably.

A new micromixer-based fuel air pre-mixer is foundational to the prototype combustor capability. GE Vernova’s research on micromixer technology started in 2005 as part of collaboration with the US Department of Energy. Micromixer-based fuel premixers have been part of the product portfolio for over 7 years notably on GE Vernova’s H Class gas turbine fleet. Recent research conducted at GE Vernova’s Advanced Research Center in NY and at the Global Technology Center in Greenville, SC focused on improving micromixer and axial fuel staging for hydrogen capability. This research culminated with the construction of a full size 6B DLN combustor prototype and testing in full scale conditions (pressure, flow, temperature) in the combustion test facility in Greenville, SC.

GE Vernova’s industrial gas turbines (B- and E-Class) are highly robust fleets, with an installed base of approximately 2800 units around the world powering industrial processes and operations around the clock. Hydrogen combustor options already exist today with ratings up to 100% hydrogen, however existing combustors use a diluent like water to manage emissions. The new H₂ DLN combustor technology is expected to present several benefits versus the existing systems:

• Eliminated use of water or other diluent
• Increased efficiency: 4 to 7% improvement in combined cycle heat rate
• Improved availability and longer maintenance intervals
• Reduced NOx emissions

“Through successful tests GE Vernova validated this new 100% hydrogen capable combustion technology, aiming to provide our B- and E-class industrial gas turbines owners with the maximum flexible operability range on natural gas, hydrogen or blends of both without the use of diluent like water for emissions abatement,” concluded Jeremee Wetherby.

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Notes to editors 
Decarbonization as used in this article is intended to mean the reduction of carbon emissions on a kilogram per megawatt hour basis.

Teesside, the urban region perched on the muddy banks of the River Tees in northeast England, used to be a global beacon of industry. In the mid-19th century, the port of Middlesbrough forged its reputation as “Ironopolis,” boasting nearly 100 blast furnaces that roared away round the clock.

Paris, FRANCE (Nov 26 , 2024) – GE Vernova Inc. (NYSE: GEV) today announced it has secured an order from SMS group to supply a  modular multilevel converter (MMC)-based direct feed system for SSAB’s 280 MVA electric arc furnace (EAF). The EAF will equip SSAB’s new melt shop in Oxelösund, Sweden.

This contract, which was booked in June 2024, supports SSAB’s stated commitment to delivering fossil-free steel by 2030. The EAF, supported by GE Vernova’s Power Conversion business, is designed to offer enhanced efficiency, a longer lifecycle, and reduced maintenance costs. The advanced technology is expected to help SSAB transition its steel mill to more sustainable operations.

Blast furnaces, which rely on iron ore and coke as raw materials, emit about 2.32 metric tons of CO₂ per metric ton of steel produced. In contrast, the EAF can use up to 100% scrap steel as raw material, reducing emissions to 0.67 metric tons of CO₂ per metric ton of steel. This change can represent a significant reduction in carbon emissions. 

Jan Heimann, Executive Vice President of SMS group, said, "This project is a significant step forward in our journey towards sustainable steelmaking. Powering the furnace with a fast digital control system will enable SSAB to achieve their targets in terms of power quality and efficiency. We are excited to contribute to a project that sets a benchmark for the entire industry.”

Meeting stringent grid requirements

EAFs require a high amount of electrical energy and can hence disrupt the power grid. GE Vernova’s MMC-based direct feed system uses advanced injection-enhanced gate transistor (IEGT) technology, designed specifically for EAFs, which seeks to ensure that the new electric furnace (EAF) operates smoothly and efficiently without disrupting the grid. This system uses advanced technology to maintain high power quality and reliability.

“Our power system was chosen because it helps the Oxelösund plant meet their strict electricity quality standards," said Ed Torres, Business Leader, GE Vernova’s Power Conversion business. "By using our system, the plant is expected to reduce electrical disturbances and operate more efficiently. This is a crucial step towards making steel production more sustainable and reducing carbon emissions in the industry.”

“The system includes two parallel converter lines installed at 300 and 400 meters from the EAF, directly connecting to the 34 kV bus. This setup mitigates flicker, maintains very low harmonics, and ensures a unified power factor,” he added.

The delivery and installation of the equipment are scheduled for the first half of 2026, with the EAF first heat scheduled for the fourth quarter of 2026.

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Notes to Editors:

Forward Looking Statements

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements address GE Vernova's expected future business and financial performance, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments, technologies or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on business operations, financial results and financial position and on the global supply chain and world economy.

About SMS group

SMS group is renowned worldwide for its future-oriented technologies and outstanding service for the metals industry. The company applies its 150 years of experience and its digital know-how to provide the industry continuously with innovative products and processes – even beyond its core business – and generates worldwide sales of around 3.1 billion euros. SMS is the right partner for challenging projects, and supports its customers throughout the lifecycle of their plants, enabling profitable and resource-efficient value creation chains. Paving the way for a carbon-neutral and sustainable metals industry is the company’s stated goal. As a global player with German roots, SMS takes responsibility for its more than 14,000 employees.

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 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 and LinkedIn.

GE Vernova’s Power Conversion business provides energy conversion technologies, systems, and services across the power and energy-intensive industries, driving the electric transformation of the world’s energy and industrial infrastructure.

When we look back on what catalyzed the hydrogen economy, we might say it all began in a small, historic steelmaking town in the state of South Australia. Here in Whyalla, at the top of the Spencer Gulf, north of Adelaide, ground will soon be broken for the construction of what is expected to be the world’s largest green hydrogen plant.

CAMBRIDGE, Mass. (November 7, 2024) -- GE Vernova Inc. (NYSE: GEV) today announced it has signed an expanded multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) that includes its Asset Performance Management (APM) and CERius™ software delivered in the AWS Cloud. The SCA is designed to make it easier for energy companies to adopt software that has the potential to reshape how they manage their asset and emissions data as they address the energy transition.

“As the energy landscape continues to dynamically transform, the power of flexible cloud-based software is increasingly important,” said Scott Reese, CEO of GE Vernova’s Electrification Software business. “The expansion of our strategic agreement with AWS represents our commitment to providing digital solutions that can help energy organizations increase reliability, lower costs, and make measurable progress on energy transition goals.” GE Vernova previously announced SCAs with AWS to benefit electric utilities, manufacturers, and other industrial companies.

GE Vernova customers are already experiencing benefits of the expanded SCA with AWS. One example is global energy company AES. “GE Vernova’s APM as a software as a service (SaaS) solution has been very important for AES. Its advanced predictive analytics, real-time monitoring, and user-friendly interface have significantly improved our operational efficiency and asset reliability,” said Michelle Legge, Sr. Reliability Engineer and GE APM Program Manager at AES. “The flexibility and scalability of the SaaS model ensures that we can easily adapt to our evolving needs while maintaining optimal performance. With GE Vernova’s APM, we have achieved greater visibility into our assets, enabling more informed decision-making and proactive maintenance strategies. This relationship has been instrumental in driving our mission of delivering sustainable, reliable, and innovative energy solutions.”

The expanded SCA is designed to enable energy companies to:

• Scale with flexibility using solutions that evolve with organizations. GE Vernova’s APM is a suite of software and services designed to help optimize asset performance and operations and maintenance (O&M) efficiency across equipment, the plant, and the entire fleet. The solution offers a modular approach and comprehensive integrations to help companies scale their operations more seamlessly and efficiently. A combination of artificial intelligence (AI) and machine learning (ML) helps enable organizations to more effectively manage and action their asset data.
• Operationalize decarbonization strategy. CERius is GE Vernova’s emissions data management software. The solution is designed to automate the process of accurately collecting greenhouse gas (GHG) emissions data, provide valuable insights, and identify opportunities for reducing carbon emissions.
• Onboard and integrate more sustainable energy faster. Pre-built workflows, AI/ML programming, real-time data, and predictive analytics can empower faster decision-making. This is essential to speeding up the integration of renewable assets on the journey to a more sustainable energy future.
• Leverage extensive industry expertise. Built on over 130 years of experience, GE Vernova is uniquely positioned to change the arc of climate change. The company’s software solutions are purpose-built with original equipment manufacturer (OEM) expertise, making it easy to apply them to new asset types as today’s energy landscape evolves. In addition to working with AWS, leveraging its advanced and secure cloud services and industry expertise, GE Vernova employs expert guidance backed by strong experience across information and operational technology (IT and OT).
• Modernize and maximize investments with cloud-based optimization. With an end-to-end solution that facilitates continuous and progressive improvement, companies should have the power to optimize for lower expenses and higher return on investments.

“As the industry faces the challenges of network efficiency and decarbonization, our collaboration with GE Vernova provides a unique opportunity to reshape asset performance and emissions management,” said Scott Sanderson, Director of Business Development, Energy and Utilities at AWS. “Together, we’re enabling customers to accelerate innovation, reduce their carbon footprint, and sustain financial performance.”

GE Vernova was recently named a Leader for the third straight time by independent industry analyst firm Verdantix in its Green Quadrant: APM Solutions 2024 report. More information on the company’s APM can be found here.

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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 more than 75,000 employees across 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 and LinkedIn. GE Vernova’s Electrification Software business is focused on delivering the intelligent applications and insights needed to accelerate electrification and decarbonization across the entire energy ecosystem – from how it’s created, how it’s orchestrated, to how it’s consumed. Its Power & Energy Resources Software helps improve reliability and drive decarbonization.

Forward-Looking Statements
This article contains forward-looking statements, which provide current expectations based on certain assumptions. Except as required by law, we disclaim any obligation to update these statements.