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GE Vernova Releases Third Quarter 2025 Financial Results

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GE Vernova to fully acquire Prolec GE, our unconsolidated joint venture with Xignux that produces transformers
GE Vernova to fully acquire Prolec GE, our unconsolidated joint venture with Xignux that produces transformers

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This week, GE Vernova shared two important updates, both of which we will discuss on today’s call.

Yesterday, we announced that we will acquire the remaining fifty percent stake of Prolec GE, our joint venture with Xignux, for $5.275 billion. The transaction strengthens our company’s position as a global grid equipment leader through a highly attractive, accretive acquisition of a leading grid equipment supplier and is expected to close by mid-2026, subject to regulatory approvals.

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GE Vernova reports third quarter 2025 financial results and reaffirms guidance

10 min read
  • Strong 3Q'25 results with robust orders and backlog, continued margin expansion and positive free cash flow

  • Third Quarter 2025 Highlights: 

    - Orders of $14.6B, +55% organically, led by equipment at Power and Electrification 

    - Backlog1 growth of $6.6B sequentially from equipment and services 

    - Gas Power equipment backlog and slot reservation agreements grew from 55 to 62 GW 

    - Revenue of $10.0B, +12%, +10% organically*, with growth in both equipment and services 

    - Net income of $0.5B; net income margin of 4.5% 

    - Adjusted EBITDA* of $0.8B and adjusted EBITDA margin* of 8.1% 

    - Cash from operating activities of $1.0B; free cash flow* of $0.7B 

    - $7.9B cash balance; $2.4B in capital returned to shareholders year-to-date

CAMBRIDGE, Mass., (October 22, 2025) – GE Vernova Inc. (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today reported financial results for the third quarter ending September 30, 2025.

“GE Vernova delivered another productive quarter with strong financial results. Our growth trajectory is accelerating and the demand environment for our equipment and services remains strong with $16 billion in backlog growth year-to-date. Our Gas Power equipment backlog and slot reservation agreements increased from 55 to 62 gigawatts sequentially, and our Electrification equipment backlog increased $6.5 billion year-to-date, to approximately $26 billion,” said GE Vernova CEO Scott Strazik. “We are leading from a position of strength and are focused on long-term growth and returns. This era of increased electricity investment has just started, and we have substantial opportunity ahead of us as we provide the solutions required to help the world electrify to thrive and decarbonize.”

"We delivered another strong quarter as we executed our financial strategy, with continued orders and revenue growth, significant margin expansion, and positive free cash flow. We expanded our backlog year-over-year and sequentially across equipment and services, with healthy equipment margin in backlog reflecting favorable price and our focus on disciplined underwriting,” said GE Vernova CFO Ken Parks. “As a result of our improving free cash flow linearity, we continued to return cash to shareholders through our share repurchase actions and quarterly dividend payment, while maintaining a healthy cash balance and solid investment grade balance sheet. We’re reaffirming our 2025 financial guidance, and we look forward to providing our 2026 financial guidance and updated outlook by 2028 at our investor event on December 9.”

 

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[1] Defined as remaining performance obligation (RPO) 

*Non-GAAP Financial Measure

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws that are subject to risks and uncertainties. These statements may include words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “guidance”, “will”, “may,” and negatives or derivatives of these or similar expressions. These forward-looking statements include, among others, statements about the benefits we expect from our lean operating model; our expectations regarding the energy transition; the demand for our products and services; our ability to navigate the current dynamic environment; the estimated impact of tariffs; our expectations of future increased business, revenues, and operating results; our ability to innovate and anticipate and address customer demands; our ability to increase production capacity, efficiencies, and quality; our underwriting and risk management; current and future customer orders and projects; our actual and planned investments; our expected cash generation and management; our capital allocation framework, including share repurchases and dividends; operational safety; our restructuring programs and strategies to reduce operational costs; and our credit ratings.

Forward-looking statements reflect our current expectations, are based on judgments and assumptions, are inherently uncertain and are subject to risks, uncertainties, and other factors, which could cause our actual results, performance, or achievements to differ materially from current expectations. Some of the risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by forward-looking statements include the following:

  • Our ability to successfully execute our lean operating model;   

  • Our ability to innovate and successfully identify and meet customer demands and needs;   

  • Our ability to successfully compete;   

  • Significant disruptions in our supply chain, including the high cost or unavailability of raw materials, components, and products essential to our business;   

  • Significant disruptions to our manufacturing and production facilities and distribution networks;   

  • Changes in government policies and priorities that reduce funding and demand for energy equipment and services; 

  • Shifts in demand, market expectations, and other dynamics related to energy, electrification, decarbonization, and sustainability;   

  • Global economic trends, competition, and geopolitical risks, including conflicts, trade policies, and other constraints on economic activity;   

  • Product quality issues or product or safety failures related to our complex and specialized products, solutions, and services;   

  • Our ability to obtain required permits, licenses, and registrations; 

  • Our ability to attract and retain highly qualified personnel;   

  • Our ability to develop, deploy, and protect our intellectual property rights;   

  • Our capital allocation plans, including the timing and amount of any dividends, share repurchases, acquisitions, organic investments, and other priorities;   

  • Our ability to successfully identify, complete, integrate, and obtain benefits from any acquisitions, joint ventures, and other investments;    

  • The price, availability, and trading volumes of our common stock; 

  • Downgrades of our credit ratings or ratings outlooks;   

  • The amount and timing of our cash flows and earnings;   

  • Our ability to meet our sustainability goals;   

  • The impact from cybersecurity or data security incidents;   

  • Changes in law, regulation, or policy that may affect our businesses and projects, or impose additional costs;    

  • Natural disasters, weather conditions and events, public health events, or other emergencies;   

  • Tax law and policy changes;   

  • Adverse outcomes in legal, regulatory, and administrative proceedings, actions, and disputes; and   

  • Other changes in macroeconomic and market conditions and volatility.

These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements, and these and other factors are more fully discussed in our Annual Report on Form 10-K for the year ended December 31, 2024, and in the Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operation" sections included therein, as may be updated from time to time in our SEC filings and as posted on our website at www.gevernova.com/investors/fls. We do not undertake any obligation to update or revise our forward-looking statements except as may be required by law or regulation. This press release also includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

Additional Information
GE Vernova’s website at https://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.

Additional Financial Information
Additional financial information can be found on the Company’s website at: https://www.gevernova.com/investors under Reports and Filings.

Conference Call and Webcast Information
GE Vernova will discuss its results during its investor conference call today starting at 7:30 AM Eastern Time. The conference call will be broadcast live via webcast, and the webcast and accompanying slide presentation containing financial information can be accessed by visiting the investor section of the website https://www.gevernova.com/investors. An archived version of the webcast will be available on the website after the call.

end

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across approximately 100 countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova study delivers a roadmap for how Italy can still meet 2030 and 2050 climate targets

6 min read
  • White paper sets out two scenarios for Italy’s power sector, showing that only accelerated renewable deployment, storage, and grid investment can deliver climate goals on time. 

  • In this white paper, GE Vernova proposes a roadmap for how to still meet 2030 and 2050 targets. Two futures, two outcomes: Only a Renewable Ambition pathway enables Italy to meet both 2030 and 2050 targets. A Business-as-Usual trajectory risks missing 2030, driving higher costs and greater reliance on imports.

  • Grid as the decisive factor: Without urgent transmission upgrades, Italy could waste 82 TWh of renewable energy by 2050 – approximately 16% of national demand.

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.

end

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova and PROTEC celebrate graduation of Next Engineers: Engineering Academy class

7 min read
  • 43 learners graduate from programme designed to inspire the next generation of engineers

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.

###

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, FacebookLinkedIn and Instagram.

end

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova to announce third quarter 2025 financial results on October 22

2 min read

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.

end

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across approximately 100 countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Front Row at Climate Week: Accelerating the Future of Energy

Gregor Macdonald
Goals House Climate Week NYC
GE Vernova CEO Scott Strazik (far right) joins Benji Backer, founder of Nature Is Nonpartisan; Jessica Weis, director of the Women in Energy Program at Columbia University; and LinkedIn co-founder Allen Blue at the Happy Hour event hosted by Goals House on Tuesday. Images credit: GE Vernova

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Last week, at Climate Week NYC, GE Vernova was an influential voice in shaping the global conversation on smarter, more sustainable energy — highlighting the need for breakthrough solutions and urging bold leadership to meet accelerating demand. While the UN General Assembly drew headlines across town, GE Vernova contributed to the “Power On” theme at Climate Week by announcing recent advances in nuclear and carbon capture, and promoting a message of optimism, urgency, and collaboration.

 

Axios House: Moving the Needle

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GE Vernova declares fourth quarter 2025 dividend

3 min read

CAMBRIDGE, Mass. (September 25, 2025) – GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.25 per share quarterly dividend. The quarterly dividend will be payable on November 17, 2025, to shareholders of record as of October 20, 2025.

Future dividend declarations will be made at the discretion of the Board of Directors and will be based on GE Vernova’s earnings, financial condition, cash requirements, prospects, and other factors.

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.

Additional Financial Information

Additional financial information can be found on the Company’s website at: www.gevernova.com/investors under Reports and Filings.

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, such as statements about possible future dividend declarations and payments. Forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from current expectations. These risks, uncertainties, and factors include those discussed in our most recent Annual Report on Form 10-K and in our subsequently filed Quarterly Reports on Form 10-Q, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operation" sections included therein, as may be updated from time to time in our filings with the U.S. Securities and Exchange Commission and as posted on our website at www.gevernova.com/investors/fls. GE Vernova does not undertake any obligation to update or revise its forward-looking statements except as required by law or regulation.

end

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across approximately 100 countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Construction of the first BWRX-300 small modular reactor is underway at OPG’s Darlington New Nuclear Project site.
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Concept Becomes Reality: How GE Vernova and Ontario Power Generation Are Writing the Next Chapter of Nuclear Power

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As global energy demand grows and nations seek out lower-carbon, more secure power supply, next-generation nuclear can play an important role. Outside Bowmanville, on the north shore of Lake Ontario, Canada, Ontario Power Generation (OPG) and GE Vernova Hitachi Nuclear Energy (GVH), along with other collaborators, are laying the groundwork for the first of four BWRX-300s, a group of small modular reactors (SMRs) that will reliably and safely scale up the country’s grid with 1.2 gigawatts of 24/7 carbon-free power.

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A Partnership Built for Tomorrow: The MIT GE Vernova Energy and Climate Alliance Kicks Off in Cambridge

Will Palmer
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“The meaning of life is the next generation,” wrote author Grace Paley. For GE Vernova, a company dedicated to building the energy technologies of the future, that next generation of inventors is inseparable from today’s mission. Cultivating tomorrow’s energy leaders is as critical as the work of electrifying to help communities thrive and decarbonize the world. 

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MIT-GE Vernova Energy and Climate Alliance kicks off with slate of 13 new energy and climate research projects, eight endowed fellowships, campus activities, key collaborations

13 min read
  • On campus launch follows creation of Alliance in March and GE Vernova’s commitment to invest $50 million over five years to fund research initiatives, student fellowships, internships, educational and professional development programs, and support philanthropic initiatives

  • Inaugural research projects focus on areas of Electrification, Digital Solutions, Decarbonization, and Renewables Acceleration

  • Celebratory event, science displays, food trucks and more help launch Alliance aimed at advancing new technologies and fostering new leaders in power industry 

  • Welcoming eight endowed GE Vernova Fellows, Technology and Policy Program funding recipients, and nearly 1,000 students to learn from Advanced Research Center tech demonstrations and connect with GE Vernova's Executive Leadership Team

CAMBRIDGE, MA (September 15, 2025) – MIT and GE Vernova today formally kicked off their unique Energy and Climate Alliance with multiple research and fellowship announcements, career discussions, science displays and more. Bringing GE Vernova’s advanced technology and innovation together with MIT’s world class researchers, the MIT-GE Vernova Energy and Climate Alliance is committed to accelerating cutting-edge technologies and fostering the next generation of power industry leaders.

As part of the Alliance, GE Vernova will provide $50 million over five years to fund MIT research initiatives, student fellowships, and internships, philanthropic causes, as well as educational and professional development programs for GE Vernova leaders. The first 13 of these research initiatives were announced today, which will focus on the areas of Electrification, Decarbonization, Renewables Acceleration and Digital Solutions. The Alliance also announced eight GE Vernova Fellows, who will continue their research at MIT with tuition support from GE Vernova, funding for three master’s students per year through MIT’s Technology Policy Program, and philanthropic partnerships. More details on these three announcements are below.

Leaders and researchers from both organizations celebrated the milestone with a campus event that included MIT alumnae now working at GE Vernova, aiming to attract students considering a career in the energy and climate industries. Scheduled to give remarks at the kickoff events are Anantha P. Chandrakasan, Provost of the Massachusetts Institute of Technology and Vannevar Bush Professor of Electrical Engineering and Computer Science, Dr. Betar Gallant, Kendall Rohsenow Associate Professor of Mechanical Engineering, Faculty Director for the MIT-GE Vernova Energy and Climate Alliance, Massachusetts Secretary of Energy and Environmental Affairs Rebecca Tepper, Massachusetts Secretary of Economic Development Secretary Eric Paley, and GE Vernova CEO Scott Strazik and Chief Corporate Officer Roger Martella.

"The mission of this alliance is ambitious — advancing research, education, and career opportunities that can help shape a more sustainable, energy-efficient future. Through this exciting Alliance, we are already seeing exciting results: new research projects, new graduate fellowships, and new opportunities for our students to lead," said Anantha P. Chandrakasan, MIT Provost, and Vannevar Bush Professor of Electrical Engineering and Computer Science.

“Decarbonizing our energy systems demands new ideas, new tools, and new talent. As of today’s launch, MIT teams are already pursuing bold projects that span disciplines and open new frontiers — and crucially, give our students a chance to learn, contribute, and lead,” said Betar Gallant, Faculty Director of the MIT–GE Vernova Energy and Climate Alliance and Kendall Rohsenow Associate Professor of Mechanical Engineering at MIT.

“The Energy and Climate Alliance represents Massachusetts at its best – putting pioneering companies in the same space as brilliant students and watching innovation take off,” said Massachusetts Energy and Environment Secretary Rebecca Tepper. “We’ve seen time and again, ideas born out of our colleges and universities grow into thriving businesses that employ thousands and solve some of the world’s toughest challenges. Years from now, I look forward to seeing what innovation was started here at MIT today.”

“We’re proud to collaborate with the world’s leading research institution and combine forces to bring tomorrow’s technologies to life faster and solve some of the world’s most pressing challenges,” said GE Vernova CEO Scott Strazik. “Building on our sense of relentless optimism, I’m inspired by MIT’s amazing students and researchers and excited to develop career paths and opportunities for their futures.”

The MIT-GE Vernova Energy and Climate Alliance also include commitments to support philanthropic initiatives, including the MIT Human Insight Collaborative initiative (MITHIC). For 2025-26, GE Vernova’s MITHIC contribution will tackle the shared priority of addressing global energy poverty by supporting the MIT Abdul Latif Jameel Poverty Action Lab (J-PAL), which among other areas is working on an initiative to improve the growth of affordable electricity in South Africa.

Another focus area of the Alliance is the development of future energy leaders, including through donations to the New Engineering Education Transformation program and commitment to supporting MIT interns. GE Vernova has also provided funding and become an official member of critical sustainability, automation/robotics and AI focused programs at MIT, including the Initiative for New Manufacturing, MIT Energy Initiative, MIT Climate and Sustainability Consortium, and Center for Transportation and Logistics. The Alliance will also support critical cross-institution engagements for energy and climate policy development, including funding three Technology and Policy Program research projects annually, and hosting an Annual Symposia.

The slate of 13 new MIT-lead research initiatives will include the following projects:

  • Electrification – Focused on building the grid of the future with resilient cutting-edge hardware and software.
    • Professors Samantha Coday and David Perrault’s labs will be addressing the expected power surge demands from datacenters through innovative converter and transformer designs.
    • Professors Priya Donti and Deep Deka’s labs will tackle the ever-changing needs of the electric grid’s constraints and limits in a unified and adaptable approach using AI-based solvers.
    • Professor Marija Illic’s lab will be developing a scalable control and protection framework for stable and optimal grid forming operation.
  • Digital - Accelerating design of complex industrial tools and products through AI, multi-robot intelligence and Cyber security infrastructure.
    • Professor Chuchu Fan’s lab will develop autonomous manufacturing and field inspection robots to perform complex/unsafe tasks in place of humans.
    • Professor Faez Ahmed’s lab will seek to develop a physics-aware foundation model to reduce turnaround time of high-fidelity simulations, including a Large-Language Model (LLM) agent to demo on selected component redesigns.
    • Professor Rahul Mazumder’s lab will seek to develop a functional chatbot capable of processing multimodal data and engaging users in interactive dialogue.
    • Professor Pulkit Agrawal’s lab will develop a foundation model for robotic assembly that can support human tasks in manufacturing.
  • Decarbonization - Meeting the world’s growing needs for electricity while accelerating breakthroughs in carbon-free energy solutions.
    • Professor Asegun Henry's lab will be exploring the limits of their methane-to-hydrogen process, which uses a unique molten-metal reactor and carbon separator. This process may offer a more economical route to hydrogen production.
    • Professors Ericmoore Jossou and Koroush Shirvan’s labs will be developing a new alloy for next-gen nuclear fuel cladding to withstand extreme heat and radiation. The result would be stronger, longer-lasting fuel components that reduce downtime, lower maintenance costs, and help deliver more affordable, reliable nuclear energy.
    • Professor Ju Li’s lab will be exploring a novel system to convert CO2-derived syngas from solid oxide electrolysis (SOEC) to Ethanol using alternating current electrolyzers, with the goal to reduce CO2 waste.
    • Professors Yogesh Surendranath and Rohit Karnik’s labs seek to develop high-conversion, cost-and energy efficient ammonia cracking through a novel, scalable electrochemical membrane reactor design demo.
  • Renewables acceleration - Driving innovation in energy storage, wind power and operational optimization to improve efficiency, reliability, scalability and affordability.
    • Professor Mike Howland’s lab will identify conditions that trigger damaging vibration events for wind blades, with validation from Prof Marcus Hultmark’s experimental work at Princeton University.
    • Professor Cohen Tal’s lab, partnering with Professor John Pojman at Louisiana State University, proposes a more sustainable alternative blade manufacturing process.

The 8 GE Vernova Fellows are as follows:

  • Gage Coon, Department of Earth, Atmospheric, and Planetary Sciences
    • Research focus: Designing microbial and geochemical systems that are scalable, cost-effective, and compatible with existing waste streams or geologic formations.
  • Kevin Hsu, Department of Urban Studies and Planning
    • Research focus: Understanding systemic barriers that slow, stall, or stop outright the delivery of clean energy projects and finding ways of surmounting these challenges.
  • Nicolas Tricard, Department of Mechanical Engineering
    • Research focus: Physics-informed and data-driven inverse modeling of gas-phase reacting systems.
  • Owen Mylotte, Department of Nuclear Science and Engineering
    • Research focus: Developing an open source, high performance neutron transport software targeted at improving the ease and efficiency with which new reactors can be designed and deployed to market.
  • Julia Estrin, Department of Electrical Engineering and Computer Science
    • Research focus: Developing high-voltage, high-efficiency, and high-frequency power electronics that will help form the foundation of an electrified grid.
  • Aaron Langham, Department of Electrical Engineering and Computer Science
    • Research focus: Applying advanced signal processing, physical modeling, and computer systems to create new physically trustworthy power monitoring capabilities that provide actionable information for operating electric grids
  • Hannah Grauer, Center for Computational Science and Engineering
    • Research focus: Advancing deep learning and physics-informed methods for more accurate and interpretable satellite-based emissions quantification.
  • Jack Morris, Institute for Data, Systems, and Society
    • Research focus: Developing energy system optimization models to identify pathways to more affordable, reliable and clean electric power systems.

Technology Policy Program awardees are:

  • Michelena O’Rourke, Department of Electrical Engineering and Computer Science
    • Research focus: Developing a Digital Twin to model and analyze electricity markets.
  • Jason Frost, Institute for Data, Systems, and Society
    • Research focus: Modeling the generation interconnection process to rapidly evaluate and develop interconnection reforms that accelerate deployment of clean energy resources.
  • Martin Staadecker, Institute for Data, Systems, and Society
    • Research focus: Understanding how companies report their greenhouse gas emissions, especially supply chain emissions.

The selected projects were reviewed and approved through a joint process led by MIT faculty and GE Vernova's Advanced Research Center lead researchers.

The MIT-GE Vernova Energy and Climate Alliance is managed through MIT’s Office of Innovation and Strategy, bringing together faculty, researchers, and students to address some of the most pressing challenges in energy and climate technology. Beyond research, the collaboration will play a vital role in developing the energy sector’s future workforce. Through fellowships, research support, and internships, MIT students will gain hands-on experience at GE Vernova’s global facilities tackling real-world energy challenges. A dedicated career exploration program will further connect MIT students and faculty with opportunities across GE Vernova’s global teams.

To foster interdisciplinary dialogue, MIT and GE Vernova will host an annual symposium in February 2026 on the MIT campus, bringing together thought leaders, students, and industry experts to present research results and explore cross-cutting solutions in energy, climate, and technology policy.

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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.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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