Munich, Germany (May 7, 2025) – GE Vernova Inc. (NYSE: GEV) today announced the launch of two key updates to its utility-scale FLEXINVERTER platform:

• The new FLEXINVERTER 1.5kV solution featuring advanced silicon carbide (SiC) technology for utility-scale battery energy storage systems (BESS).
• The expansion of its previously launched 2kV FLEXINVERTER solution for photovoltaic (PV) plants to International Electrotechnical Commission (IEC) markets, following its initial rollout in the United States.

Both developments represent important steps forward in enhancing energy efficiency, reducing project costs, and supporting the transition to a more sustainable global energy infrastructure.

The IEC markets refer to countries that follow International Electrotechnical Commission (IEC) standards for electrical equipment, including most of Europe, parts of Asia, Africa, and other global regions outside North America.

Advancing Efficiency with new inverter solutions

Built on GE Vernova’s proven FLEXINVERTER platform, the new 1.5kV SiC solution is designed to deliver greater electrical efficiency, higher power density, and more compact, lightweight inverter designs that optimize installation space. Silicon carbide technology allows inverters to operate at higher voltages and temperatures, helping reduce energy losses, cooling needs, and system size — ultimately lowering the levelized cost of storage (LCoS) and overall EPC (engineering, procurement, and construction) costs.

At the same time, GE Vernova has expanded its 2kV FLEXINVERTER for PV applications to support IEC markets, offering solar developers significant balance of system (BOS) cost savings through reduced cable sizes, lower energy losses, and improved system efficiency.

Global Manufacturing and Expansion

The FLEXINVERTER platform was developed at GE Vernova’s engineering center in Berlin, Germany, and will be manufactured at facilities in Chennai, India, and Pittsburgh, USA. Earlier this year, GE Vernova announced plans to expand capabilities at the Pittsburgh site, including a new manufacturing line for the FLEXINVERTER platform, expected to create more than 270 new jobs. The Chennai facility will also experience continued growth to support global supply chain needs.

"The introduction of the FLEXINVERTER 1.5kV SiC (BESS) and 2kV PV solutions reflect GE Vernova’s commitment to advancing technologies that meet the evolving needs of the energy industry," said Ed Torres, Business Leader, Power Conversion & Storage, GE Vernova. "Building on our prior success with the 2 kV solar inverter launch, this next step in battery storage technology is expected to deliver improved project economics, higher efficiency, and more sustainable energy solutions. We anticipate initial shipments to begin in the first half of 2026.”

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GE Vernova to provide advanced solar technology for one of the world’s largest self-consumption solar projects

CAMBRIDGE, Mass. (September 11, 2024) – GE Vernova Inc. (NYSE: GEV) today announced the launch of its new 6 MVA, 2000-volt direct current utility-scale inverter, with a multi-megawatt pilot installation in North America. This initiative is aimed at further reducing solar energy costs and accelerating the transition to renewable energy and decarbonization.

A History of Innovation in Solar Inverters
In 2012, GE Vernova was the first to introduce the 1500 Vdc inverter to the market, helping customers reduce the cost of renewable energy through more efficient solar farm layouts. Now, with the 2000 Vdc architecture, the company is once again leading the way by further reducing the levelized cost of energy (LCoE) for solar PV installations. The inverter can boost power output by 30% within the same footprint, reducing costs and improving scalability for solar farms.

“At GE Vernova, we are driving the next generation of utility-scale solar solutions,” said Ed Torres, Business Leader, GE Vernova Solar & Storage Solutions business. “Inverters are critical to increasing solar capacity and ensuring efficient energy conversion. Our latest innovations will help solar farms maximize output and reliability, playing a key role in meeting growing energy demands and advancing renewable energy adoption.”

Solar inverters are key components of photovoltaic (PV) plants. The technology converts DC power produced by solar panels to AC power, which is then fed into the main grid. The FLEXINVERTER 2000 Vdc (also known as FLEXINVERTER 2 kVdc) is the latest addition to GE Vernova’s FLEXINVERTER portfolio.

Collaborating for a Renewable Future
GE Vernova’s FLEXINVERTER 2000 Vdc is set to debut in a multi-megawatt solar park as a pilot installation in North America, expected to be operational by Q1 2025. The company is collaborating with Shoals Technologies Group™ and an industry PV module supplier on this project. GE Vernova will provide the 2000 Vdc inverter for the solar park, while Shoals Technologies will supply the electrical balance of system solutions. The other collaborating supplier will provide the PV modules.

“We’re thrilled to be part of this collaboration with other solar innovation leaders,” said Jeff Tolnar, President of Shoals Technologies Group. “We believe this effort moves the market towards an even lower cost of solar deployments which we anticipate will spur adoption and further advance solar as the most economical alternative to fossil fuels.”

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Notes to Editors:

More details about GE Vernova’s FLEXINVERTER 2000 Vdc can be found here.

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.

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 Solar & Storage Solutions business provides technologies in solar energy, battery energy storage, and power plant controls to drive dispatchable and reliable renewable energy solutions and to help with the transition to a cleaner energy future.

About Shoals Technologies
Shoals Technologies Group is a leading provider of electrical balance of systems (“EBOS”) solutions for the energy transition market. Since its founding in 1996, the Company has introduced innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability. Shoals Technologies Group is a recognized leader in the renewable energy industry. For additional information, please visit: https://www.shoals.com.

CAMBRIDGE, Mass. (September 10, 2024) – GE Vernova Inc. (NYSE: GEV) today announced the launch of its advanced containerized solution for Battery Enabled Energy Storage (BESS) - the RESTORE DC Block - which offers enhanced safety, efficiency, flexibility, and long-term performance. With a capacity of 5MWh and enhanced duration range of 2-8 hours, the solution offers the ability to support multiple grid use cases for utility-scale renewable and energy storage projects.

RESTORE DC Block is a core component of GE Vernova’s FLEXRESERVOIR solution - an integrated system combining battery storage, power electronics, and advanced controls - that is designed to support seamless integration of renewable energy sources like solar and wind. By storing surplus energy during periods of high generation and releasing it when demand peaks, it ensures a more reliable and efficient grid.

“Our new RESTORE DC Block is engineered not only to meet the stringent technical requirements of modern grids but also to prioritize safety, quality, delivery, and cost,” said Ed Torres, Business Leader, GE Vernova’s Solar & Storage Solutions business. “This solution demonstrates our ongoing commitment to driving the energy transition by offering flexible, high-performance storage solutions that enhance renewable energy integration while driving down the Levelized Cost of Storage (LCOS).”

Key features of the RESTORE DC Block include:

Safety First: Equipped with comprehensive fire protection systems, the RESTORE DC Block ensures a high standard of safety. The system is designed to mitigate potential hazards while offering defense against cyber threats, ensuring more secure and reliable operations in all environments.

Advanced Digital Technology: Integrated intelligent thermal management and high-speed edge analytics provide precise monitoring of the system’s state-of-charge, state-of-health, and state-of-safety, enhancing operational efficiency and reliability. The system also features zero-touch commissioning for quick, hassle-free deployment.

Performance and Longevity: Powered by liquid-cooled LFP (Lithium Iron Phosphate) cells, the RESTORE DC Block delivers an industry-leading 93%+ round-trip efficiency (RTE), is capable of executing multiple back-to-back cycles, and is designed to offer consistent performance over a 25-year life. It operates reliably in a broad range of temperatures from -30°C to 50°C, making it suitable for diverse climates and geographies.

Flexible Installation & Augmentation: The system is designed for versatility, supporting back-to-back and side-to-side configurations to optimize space. It also features both AC and DC augmentation options, allowing for customized scalability with a usage-based capacity guarantee.

The RESTORE DC Block can empower utility companies, renewable energy developers, and grid operators by delivering greater grid resilience, reducing energy costs, and optimizing renewable energy integration, thereby accelerating the transition to a dispatchable clean energy future.

For more information about the RESTORE DC Block and how it can support energy needs, visit our website

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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 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 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 Solar & Storage Solutions business provides technologies in solar energy, battery energy storage, and power plant controls to drive dispatchable and reliable renewable energy solutions and to help with the transition to a cleaner energy future.