CAMBRIDGE, Mass. (February 2, 2026) – GE Vernova Inc. (NYSE: GEV) today announced it has completed the acquisition of the remaining 50% stake of Prolec GE, its former unconsolidated joint venture with Xignux (“Prolec GE”). The transaction, originally announced in October 2025, closed following receipt of all required regulatory approvals, for a purchase price of $5.275 billion, funded as previously disclosed with an equal mix of cash and debt.

Prolec GE is an electric industry leader in North America, with approximately 10,000 employees across seven manufacturing sites in the Americas, including five in the U.S. It produces a wide variety of transformers and transformer components for the generation, transmission and distribution of electricity, complemented by its broad transformer services offering. This acquisition consolidates Prolec GE after 30 years of partnership as a joint venture.

“We’re excited to reach this important milestone with our first sizable acquisition as a standalone public company and welcome the Prolec GE team into GE Vernova,” said GE Vernova CEO Scott Strazik. “We are building on a decades-long partnership and combining the strengths of our two companies to offer customers a broader portfolio and operate at a higher capacity to fulfill expectations, especially in North America where grid demand is strong. As we continue to focus on our mission to electrify to thrive and decarbonize the world, this acquisition will play a critical role in driving our sustained growth in Electrification.”

Prolec GE will go to market as GE Vernova and operate within GE Vernova’s Electrification segment. The deal is immediately accretive before synergies and is expected to drive additional profitable growth for GE Vernova, which is now reflected in GE Vernova’s latest 2026 financial guidance and outlook by 2028.

“Our customers are asking for more capacity from the grid,” said GE Vernova Electrification CEO Philippe Piron. “With Prolec GE now fully part of GE Vernova, we are better equipped to respond to that demand and better serve our installed base, utilizing our combined manufacturing footprint for transformers and a strong pipeline of innovation to serve the electrification needs of the world. Our priority from day one is a smooth integration, where customers continue to receive the service and quality they expect, supported by the scale of the combined Prolec GE and GE Vernova teams.”

GE Vernova will retain the current leadership across Prolec GE, with Ricardo Suarez remaining in his role as Prolec GE CEO reporting to Philippe Piron.

“Joining GE Vernova as a fully integrated business is a natural next step in our journey after years of partnership,” said Prolec GE CEO Ricardo Suarez. “We are proud of our strong culture and the legacy we’ve built, and as part of the one GE Vernova family, we will adapt and embrace the GE Vernova Way while maintaining the local culture, heritage and identity that made us who we are today. I am excited for the opportunities our employees will have to learn and grow further as part of a global industry leader, the continued investment in our sites, and an even stronger capability to serve our customers across North America.”

Forward-Looking Statements
This press release contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain, such as statements about GE Vernova’s expected future business and financial performance and financial condition following the closing of the Prolec GE acquisition, the impact of such acquisition and the results it may generate or produce, and the timing of such impact and results, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “see,” “will,” “would,” or “estimate”. 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, as may be updated from time to time in our filings with the SEC 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.

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 85,000 employees across approximately 100 countries around the world.

Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.

GE Vernova currently employs approximately 20,000 people in the United States of America across all 50 states. With more than 129 years of experience in Mexico, GE Vernova today employs over 1,700 people across five sites, and its equipment provides 38 GW of electricity generating capacity—nearly 42% of the country’s total—through advanced technologies including eight HA gas turbines, the Laguna Verde nuclear plant, and one of the world’s largest fleets of F-class gas turbines.

CAMBRIDGE, Mass. (February 2, 2026) – GE Vernova (NYSE: GEV) today announced that it has launched a registered public offering of Senior Notes, subject to market and other conditions. The net proceeds from the offering are intended to be used for general corporate purposes, including financing a portion of the acquisition of the remaining fifty percent stake of Prolec GE that is expected to close on February 2, 2026.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC are serving as joint book-running managers for the offering of the notes, which is being made pursuant to an effective shelf registration statement (including a prospectus and related preliminary prospectus supplement for the offering).

Before you invest, you should read the base prospectus in such shelf registration statement, the related preliminary prospectus supplement for the offering and other documents GE Vernova has filed with the Securities and Exchange Commission (the “SEC”) for more complete information about GE Vernova and the offering. The offering will be made only by means of a prospectus supplement and accompanying base prospectus. When available, copies of the prospectus supplement and accompanying base prospectus related to the offering may be obtained by contacting: Citigroup Global Markets Inc., email: prospectus@citi.com; J.P. Morgan Securities LLC, email: prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; or Morgan Stanley & Co. LLC, email: prospectus@morganstanley.com. Alternatively, investors may get these documents for free by visiting EDGAR on the SEC website at http://www.sec.gov/.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

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 a possible public offering of senior notes, the intended use of proceeds of such offering and the expected closing date of the Prolec GE acquisition. 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 Operations" sections included therein, as may be updated from time to time in our filings with the SEC 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.

Yesterday, GE Vernova released its 2025 Annual Report. The report includes a letter to shareholders from our CEO Scott Strazik, and our 2025 10-K. We encourage you to review the materials on our website.

The world’s demand for energy shows no sign of abating.

Fourth Quarter 2025 Highlights:

CAMBRIDGE, Mass., (January 28, 2026) – GE Vernova Inc. (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today reported financial results for the fourth quarter and full year ending December 31, 2025.

“We delivered strong financial performance in 2025 with continued momentum in Power and Electrification while focusing on what we can control in Wind. We increased our backlog to $150 billion, with better equipment margins, and are entering 2026 with significant momentum,” said GE Vernova CEO Scott Strazik. “Our platform of advanced solutions is well-positioned to serve the growing, long-cycle electric power market, and there is substantial opportunity to deliver even better performance ahead. I’m grateful for our team’s dedication and confident in our ability to meet our full potential today and for the long-term.”

"We delivered a strong finish to 2025 as we executed our financial strategy, with robust quarterly orders, revenue growth, margin expansion, and significant free cash flow generation. We expanded our 2025 backlog across equipment and services, with equipment margin in backlog expanding six points year-over-year, reflecting favorable price and our continued focus on disciplined underwriting,” said GE Vernova CFO Ken Parks. “Given our strong free cash flow generation, we ended the quarter with a healthy cash balance of nearly $9 billion, which continues to give us confidence to invest in our core businesses and return cash to shareholders through our share repurchase actions and quarterly dividend payment, while maintaining a strong investment grade balance sheet. Today, we’re also increasing our multi-year financial outlook to include Prolec GE.”

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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”, “guidance”, “outlook”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may,” and negatives or derivatives of these or similar expressions. These forward-looking statements may include, among others, statements about our future performance, anticipated growth, and expectations in our business; the energy transition; the demand for our products and services; our technologies and ability to innovate, anticipate, and address customer demands; our ability to increase production capacity, efficiencies, and quality; our underwriting and risk management; the estimated impact of tariffs; our product quality and costs; our cost management efforts; tax incentives; customer orders and commitments; project execution and timelines; our actual and planned investments, including in research and development, capital expenditures, joint ventures and other collaborations with third parties; our ability to meet our sustainability goals and targets; levels of global infrastructure spending; government policies; our expected cash generation and management; our lean operating model; our capital allocation framework, including organic and inorganic investments, share repurchases and dividends; our restructuring programs; disputes, litigation, arbitration, and governmental proceedings involving us; the sufficiency and expected uses of our cash, liquidity, and financing arrangements; 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:

• Quality issues or safety failures among our products, solutions, or services;
• Significant supply chain or logistics disruptions, including cost or availability of materials or components;
• Disruptions or capacity constraints at our manufacturing or operating facilities;
• Our ability to manage our costs and achieve anticipated cost savings;
• Our ability to execute and estimate long-term service obligations;
• Our ability to successfully compete;
• Our ability to innovate and successfully commercialize new technologies and manage our product cycles;
• Achieving expected benefits from strategic transactions, joint ventures, and other third-party collaborations;
• Issues with grid connectivity or our customers’ ability to sell generated electricity;
• Our ability to manage customer and counterparty relationships and contracts;
• Our ability to maintain our investment grade credit ratings;
• Our access to capital or credit markets or other financing on acceptable terms;
• Decarbonization and energy-transition dynamics;
• Changes in energy, environmental, and tax laws and policies;
• Challenges of operating globally, including complex legal, regulatory, and compliance risks;
• Natural disasters, physical effects of climate change, pandemics, and other emergencies;
• Geopolitical events;
• Our ability to meet sustainability expectations, standards, and goals;
• International trade policies;
• Our ability to obtain, maintain, and comply with approvals, licenses, and permits;
• Our ability to comply with laws and regulations and related compliance costs;
• Impacts from claims, litigation, regulatory proceedings, and enforcement actions;
• Our ability to attract and retain highly qualified personnel and impacts from any labor disputes or actions;
• Our ability to secure, deploy, and protect our intellectual property rights and defend against third-party claims;
• Foreign currency impacts;
• Our ability to realize the benefits from our spin-off from, and our obligations to, General Electric Company;
• Our capital allocation plans, including the timing and amount of any dividends, share repurchases, acquisitions, organic investments, and other priorities;
• The price, availability, volatility, and trading volumes of our common stock;
• The amount and timing of our cash flows and earnings;
• The impact of cybersecurity or data security incidents; 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 Operations" sections included therein, as may be updated from time to time in our Securities and Exchange Commission 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 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.

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 www.gevernova.com/investors. An archived version of the webcast will be available on the website after the call.

Cambridge, Mass. (January 26, 2026) –The GE Vernova Foundation has awarded USD 200,000 in disaster relief to Save the Children to support emergency response and recovery efforts in the Sumatra region of Indonesia and Central Vietnam following months of severe storms, flooding, and landslides. Each region will receive USD 100,000 in funding to support local relief and recovery efforts.

The Foundation’s funding will support Save the Children’s life-saving humanitarian response across both regions, including emergency food assistance, access to clean water and hygiene supplies, temporary shelter, health services, and child-focused education recovery programs. The funding across the two countries is expected to support efforts to reach over 145,000 people, helping meet urgent humanitarian needs while supporting early recovery and stabilization efforts as affected communities work to rebuild.

“Natural disasters such as these affect families for years to come, and we are proud to work with Save the Children to help provide support needed to respond and rebuild in Vietnam and Indonesia,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “Our hearts go out to all those affected, and the GE Vernova Foundation will continue to support communities where our employees live and work.”

Ramesh Singaram, Board Director for the foundation and President and CEO for Asia, Gas Power, GE Vernova said: “Our commitment to the region goes beyond powering communities; we are dedicated to helping the people of Southeast Asia, especially in times of crisis. Through our disaster relief efforts in Indonesia and Vietnam, we aim to provide the immediate support necessary to restore stability and support the path forward to return to strength.”

“Save the Children stands with children and families affected by devastating floods in Vietnam and Indonesia,” said Pina Jabbari, Head of Corporate Partnerships, Save the Children US. “We’re grateful for partners like the GE Vernova Foundation, whose generous support enables us to deliver life-saving assistance, help children return to learning, and protect the most vulnerable when it matters most. Together, we’re working with communities as they recover and build resilience against future shocks.”

Beginning in November and continuing into December, the Sumatra region in Indonesia faced historic flooding and landslides caused by extreme rainfall, inundating entire communities and isolating remote areas as transportation networks were damaged. Thousands of families were displaced, lives and livelihoods were lost, and children faced heightened risks related to displacement, health, and protection as floodwaters lingered and recovery efforts began.

GE Vernova employees who donate to relief organizations such as Save the Children or other participating relief organizations can register for a match with the GE Vernova Foundation Matching Gifts program, which supports employees’ personal philanthropy and charitable giving by providing a match.

GE Vernova has been present in Indonesia for more than 70 years, with more than 500 employees working across multiple locations nationwide. Today, the company supports Indonesia’s energy transition by providing highly efficient gas power and grid modernization technologies, while collaborating with national partners to enable greater integration of renewable energy and lower-carbon technologies in line with national energy goals.

About GE Vernova Foundation
The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Following the spinoff of GE Vernova as an independent company in April 2024 and building on the 100+ year legacy of the GE Foundation, the newly formed GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. Its philanthropic strategy and programs are focused on growing stronger and more resilient communities and building the workforce needed to drive the energy transition forward. Learn more at www.gevernova.com/about/philanthropy.

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.

About Save the Children
Save the Children believes every child deserves a future. Since our founding more than 100 years ago, we've been advocating for the rights of children worldwide. In the United States and around the world, we give children a healthy start in life, the opportunity to learn and protection from harm. We do whatever it takes for children – every day and in times of crisis – transforming the future we share. Our results, financial statements and charity ratings reaffirm that Save the Children is a charity you can trust. Follow us on Facebook, Instagram, LinkedIn, X and YouTube.

Cambridge, Mass. (January 26, 2026) – The GE Vernova Foundation has awarded USD 200,000 in disaster relief to Save the Children to support emergency response and recovery efforts in the Sumatra region of Indonesia and Central Vietnam following months of severe storms, flooding, and landslides. Each region will receive USD 100,000 in funding to support local relief and recovery efforts.

The Foundation’s funding will support Save the Children’s life-saving humanitarian response across both regions, including emergency food assistance, access to clean water and hygiene supplies, temporary shelter, health services, and child-focused education recovery programs. The funding across the two countries is expected to support efforts to reach over 145,000 people, helping meet urgent humanitarian needs while supporting early recovery and stabilization efforts as affected communities work to rebuild.

Ramesh Singaram, Board Director for the foundation and President and CEO for Asia, Gas Power, GE Vernova said: "Our commitment to the region goes beyond powering communities; we are dedicated to helping the people of Southeast Asia, especially in times of crisis. Through our disaster relief efforts in Vietnam and Indonesia, we aim to provide the immediate support necessary to restore stability and support the path forward to return to strength.”

“Natural disasters such as these affect families for years to come, and we are proud to work with Save the Children to help provide support needed to respond and rebuild in Vietnam and Indonesia,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “Our hearts go out to all those affected, and the GE Vernova Foundation will continue to support communities where our employees live and work.”

Beginning in November and continuing into December, Central Vietnam faced historic flooding and landslides caused by extreme rainfall, inundating entire communities and isolating remote areas as transportation networks were damaged. Thousands of families were displaced, lives and livelihoods were lost, and children faced heightened risks related to displacement, health, and protection as floodwaters lingered and recovery efforts began.

“Save the Children stands with children and families affected by devastating floods in Vietnam and Indonesia,” said Pina Jabbari, Head of Corporate Partnerships, Save the Children US. “We’re grateful for partners like the GE Vernova Foundation, whose generous support enables us to deliver life-saving assistance, help children return to learning, and protect the most vulnerable when it matters most. Together, we’re working with communities as they recover and build resilience against future shocks.”

In addition to the Foundation’s donation, GE Vernova employees in Vietnam joined hands to support the charitable activity “Back to School campaign” raising funds to support the distribution of nearly 1,300 education packs including backpacks and other school supplies to primary school students in three schools heavily impacted by the floods as well as warm clothing for over 100 children in the highland area of Tra Tan Commune, Da Nang. Globally, GE Vernova employees who donate to Save the Children or other eligible relief organizations may register for the GE Vernova Foundation Matching Gifts program, through which the Foundation matches employee donations to support personal philanthropy and charitable giving.

Alongside its emergency humanitarian assistance, the GE Vernova Foundation has been supporting a workforce development program for the energy sector, with total funding of USD 750,000, aimed at enhancing skills for students and technicians to meet workforce needs in Vietnam’s renewable energy sector. 

About GE Vernova Foundation

The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Following the spinoff of GE Vernova as an independent company in April 2024 and building on the 100+ year legacy of the GE Foundation, the newly formed GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. Its philanthropic strategy and programs are focused on growing stronger and more resilient communities and building the workforce needed to drive the energy transition forward. Learn more at www.gevernova.com/about/philanthropy.

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.

About Save the Children

Save the Children believes every child deserves a future. Since our founding more than 100 years ago, we've been advocating for the rights of children worldwide. In the United States and around the world, we give children a healthy start in life, the opportunity to learn and protection from harm. We do whatever it takes for children – every day and in times of crisis – transforming the future we share. Our results, financial statements and charity ratings reaffirm that Save the Children is a charity you can trust. Follow us on Facebook, Instagram, LinkedIn, X and YouTube.

The world’s energy challenges unfold on long timelines, stretching across generations. Addressing them requires sustained innovation, driven by people with curiosity, creativity, and collaborative instincts — many of whom are still children today.

CAMBRIDGE, Mass. (January 5, 2026) – GE Vernova Inc. (NYSE: GEV) is scheduled to release its fourth quarter and full year 2025 financial results on Wednesday, January 28, 2026, 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 www.gevernova.com/investors/events.

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/investors6 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.