We are excited to share several updates with you since we hosted our first earnings as an independent company in late April. We’ve been busy meeting with investors and analysts, discussing how GE Vernova is well positioned to lead in the energy transition, expand margins and grow free cash flow*.

GREENVILLE, N.C. (June 5, 2024) - Next Engineers, a global college - and career - readiness program working to increase the diversity of young people in engineering, celebrated the graduation of its first-ever Engineering Academy students in Greenville, South Carolina.

The 49 students from 24 high schools across the Upstate South Carolina area who completed the program – many of whom plan to enroll as engineering students at Clemson University this fall – were joined by family and friends at The Owens Pavilion at the Clemson University Conference Center and Inn for a celebration to honor their achievements. Clemson University is the educational partner for the local Next Engineers program, which was established in 2021, and GE Vernova engineers and employees from Greenville, S.C. actively engage with the program through skill-based volunteering.

John Intile, Vice President, Engineering, GE Vernova, told the graduates that they carry the legacy of Next Engineers and that they are part of a lineage going back to GE's founder, Thomas Edison.

"Your canvas is broader, your tools more advanced," he said. "You’ll build bridges that connect continents, design sustainable energy systems, and perhaps even send humans to Mars. As you step into this vast universe of possibilities, remember that you’re not alone. The GE Vernova family stands with you. We believe in your potential, your audacity and your ability to change the trajectory of humanity."

Students who complete the Engineering Academy program and enroll in a qualified engineering or engineering-related degree program receive scholarships to support their education towards becoming engineers.

Serita Acker, the executive director of Clemson University’s PEER & WISE, said that the skills and knowledge students have developed have laid a strong foundation.

"I extend my heartfelt congratulations to each and every graduate," she said. "Their commitment and hard work inspires us all, and I have every confidence they will continue to make a positive impact in the field of engineering and beyond.

"I also want to express my sincere gratitude to GE Vernova in Greenville for their unwavering support and partnership throughout this journey. Together, we have laid the groundwork for a brighter future in engineering, and I am excited to see the continued success of Next Engineers in empowering young minds."

The Next Engineers: Engineering Academy is a transformative learning experience designed for students aged 15 to 18. Through a rigorous curriculum, immersive design challenges, and career coaching, participants learn to think and act like engineers.

Key program highlights:

• Dedication: The Engineering Academy spans three years, with students dedicating 220 hours outside of regular school hours to participate.
• Design challenges: In small teams, students tackle increasingly complex design challenges, mastering the engineering design process.
• Foundational skills: Beyond technical knowledge, students develop essential skills such as communication, teamwork, persistence, time management, and presentation abilities.
• Education and career exploration: Workshops and activities prepare students for their next steps, including university campus tours and interactions with company volunteers.
• Scholarships: Students who complete the program and enroll in post-secondary engineering degree programs receive partial scholarships. Next Engineers anticipates granting at least $2 million in scholarships to the inaugural classes of Engineering Academy students worldwide.

Greenville, South Carolina was among the first four locations to launch Next Engineers, with a $5M investment from the GE Foundation in 2021. To date, Next Engineers, which also includes middle school programming, has reached more than 4,600 students across the Upstate.

Next Engineers is not the only way the Upstate community has committed to producing the next generation of STEM talent. The GE John Lammas Annual Scholarship, funded by GE Vernova,  provides $8,000 scholarships to underrepresented students majoring in general engineering, chemical engineering, computer engineering, computer information systems, electrical engineering, industrial engineering, mechanical engineering and materials science and engineering.

For more information about Next Engineers and the Engineering Academy, visit NextEngineers.org.

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Caption for photograph
(Left to right) Brittany Fatima Sanders, Clemson University Program Manager, Next Engineers; Jennifer Edwards, GE Vernova Foundation Director; Clemson Tiger; John Intile, GE Vernova VP, Engineering; Serita Acker, Clemson University Executive Director, Peer and Wise

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 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 Clemson University
One of the most productive public research universities in the nation, Clemson University attracts and powerfully unites students and faculty whose greatest desire is to make a difference in the lives of others. Ranked among the best national public universities by U.S. News & World Report, Clemson is dedicated to teaching, research and service. Our main campus, located in Upstate South Carolina, sits on 1,400 acres in the foothills of the Blue Ridge Mountains, along the shores of Lake Hartwell. We have a presence in every South Carolina county through research facilities, economic development hubs and Innovation Campuses. Through the research, outreach and entrepreneurial projects led by our faculty and students, Clemson University is driving economic development and improving quality of life in South Carolina and beyond.

“The world needs wind,” said Vic Abate, CEO of GE Vernova’s Wind business, at the company’s recent Investor Day event. Indeed, wind power already plays an important role in worldwide energy production. However, to meet the world’s growing energy needs, and to foster decarbonization, wind power must increase the amount of electricity it supplies to the grid from 7% currently to 25%. “Think of an energy system where one out of four electrons comes from wind,” Abate added, “because this is a different world.”

CAMBRIDGE, Mass. (May 20, 2024) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer, Scott Strazik, will present at the Bernstein 40th Annual Strategic Decisions Conference in New York City on Thursday, May 30, at 3:30 PM ET. Strazik will speak in a fireside chat on managing the energy transition and discuss the outlook for GE Vernova’s Power, Wind, and Electrification segments.

The conference webcast and replay will be available through GE Vernova’s Investor Relations website at https://www.gevernova.com/investors/events/bernstein-40th-annual-strategic-decisions-conference-2024.

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Additional information
GE Vernova’s website at www.gevernova.com/investors, as well as GE Vernova’s LinkedIn and other social media accounts, contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit these websites from time to time, as information is updated, and new information is posted.

About GE Vernova
GE Vernova is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 80,000 employees across 100+ countries around the world.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova’s website and LinkedIn.

CAMBRIDGE, Mass. (May 17, 2024) – GE Vernova Inc. (NYSE: GEV) today announced that its Board of Directors has appointed a new member: Martina Hund-Mejean, former chief financial officer of MasterCard Worldwide.

“We are delighted to add Martina Hund-Mejean to the GE Vernova Board of Directors, as she brings exceptionally strong financial expertise and a broad global perspective, having held senior leadership positions at several multinational organizations,” GE Vernova Board of Directors Non-Executive Chairman Stephen Angel said. “In addition to her strong track record leading global corporations, Martina brings extensive governance experience to our boardroom.”

“I am thrilled to work alongside Martina as she joins our Board of Directors,” GE Vernova CEO Scott Strazik said. “Her experience uniquely positions her as a thoughtful counsel and dynamic leader who will help us tackle our mission of electrifying and decarbonizing the world.”

Ms. Hund-Mejean served as Chief Financial Officer of MasterCard Worldwide from 2007 until her retirement in 2019. Prior to joining MasterCard, she served as senior vice president and treasurer at Tyco International Ltd. from 2002 to 2007 and as senior vice president and treasurer at Lucent Technologies Inc. from 2000 to 2002. Previously, Hund-Mejean held multiple finance positions of increasing responsibility at General Motors Company.

Ms. Hund-Mejean currently serves as chair of the audit committee and a member of the finance and executive committees for the Prudential Financial, Inc. Board of Directors, as the chair of the finance committee and a member of the audit committee of the Colgate-Palmolive Company Board of Directors. She formerly served as chair of the University of Virginia Darden School’s Foundation Board of Trustees.

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About GE Vernova
GE Vernova is a purpose-built global energy company that includes Power, Wind, and Electrification businesses and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 80,000 employees across 100+ countries around the world.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

CAMBRIDGE, Mass. (May 10, 2024) – GE Vernova Inc. (NYSE: GEV) today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,000,000 shares of GE Vernova common stock, which represents approximately 0.4% of the shares outstanding, at a price of $155.00 per share in cash. TRC Capital’s offer price is 7.39% less than the $167.36 closing price per share of GE Vernova’s common stock on May 7, 2024, the last trading day before the mini-tender offer appears to have commenced.

GE Vernova does not endorse TRC Capital’s unsolicited mini-tender offer and recommends that GE Vernova shareholders not tender their shares in the offer because the offer is at a price below the current market price for GE Vernova’s shares. TRC Capital has included in the terms of its offer a condition that the closing price of GE Vernova’s shares must not decrease by more than 5%. As a result, unless TRC Capital decides to waive this condition, GE Vernova shareholders who tender their shares in the offer would receive a below-market price for GE Vernova’s shares through the tender offer. The offer is also subject to a number of other conditions.

GE Vernova is not affiliated or associated in any way with TRC Capital, its mini-tender offer or the offer documentation. TRC Capital has made many similar mini-tender offers for shares of other companies. Mini-tender offers seek to acquire not more than 5% of a company’s outstanding shares, thereby avoiding many disclosure and procedural requirements of the U.S. Securities and Exchange Commission (SEC) rules that apply to offers for more than 5% of a company's outstanding shares.

The SEC has cautioned investors about mini-tender offers, stating that mini-tender offers “have been increasingly used to catch investors off guard,” and that investors “may end up selling their securities at below-market prices.” The SEC's guidance to investors on mini-tender offers is available at https://www.sec.gov/reportspubs/investor-publications/investorpubsminitendhtm.html.

Shareholders should obtain current market quotations for their shares, consult with their broker or financial advisor, and exercise caution with respect to TRC Capital’s mini-tender offer. GE Vernova recommends that shareholders who have not responded to TRC Capital’s offer take no action. Shareholders who have already tendered their shares may withdraw them at any time prior to 12:01 a.m. New York City time, on June 7, 2024, according to TRC Capital’s offering documents.

GE Vernova encourages brokers and dealers, as well as other market participants, to review the SEC's letter regarding broker-dealer mini-tender offer dissemination and disclosure available at https://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.

GE Vernova requests that a copy of this news release be included with all distributions of materials relating to TRC Capital’s mini-tender offer for shares of GE Vernova's common stock.

Additional Information
GE Vernova’s website at www.gevernova.com/investors, as well as GE Vernova’s LinkedIn and other social media accounts, contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit these websites from time to time, as information is updated, and new information is posted.

About GE Vernova
GE Vernova is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 80,000 employees across 100+ countries around the world.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova’s website and LinkedIn. 

ACTUACIÓN COFINANCIADA POR EL GOBIERNO VASCO (DEPARTAMENTO DE DESARROLLO ECONÓMICO, SOSTENIBILIDAD Y MEDIO AMBIENTE) Y LA UNION EUROPEA A TRAVÉS DEL FONDO EUROPEO DE DESARROLLO REGIONAL 2021-2027 (FEDER)

El proyecto de I+D realizado por GE Power Management, S.L. titulado “Optimización del diseño de la red eléctrica y sus componentes para minimizar el impacto ambiental del consumo eléctrico” ha sido cofinanciado por el Gobierno Vasco y la Unión Europea a través del Fondo Europeo de Desarrollo Regional 2021-2027 (FEDER).

OPTIAM es un proyecto que tiene como objeto desarrollar equipos eléctricos innovadores integrando criterios de ecodiseño y herramientas digitales de planificación energética con carácter prospectivo que faciliten la toma de decisiones en el despliegue de nuevos proyectos de generación, distribución y almacenamiento.

Se trata de un proyecto de colaboración de investigación industrial de carácter estratégico plurianual (2023-2025) en la que participan las siguientes entidades y/o agentes de la Red Vasca de Ciencia, Tecnología e Innovación: ORMAZABAL Y COMPAÑÍA, S.L. (líder), INGETEAM POWER TECHNOLOGY, S.A., PRONUTEC, S.A., ACLARA METERS, S.L., GE POWER MANAGEMENT, S.L., EQUIPOS ELÉCTRICOS, S.L., INGURUMENAREN KIDEAK INGENIERÍA, S.L., Fundación Tecnalia Research and Innovation, Ormazabal Corporate Technology, A.I.E., INGETEAM R&D EUROPE, S.L.

Proyecto n.º: ZE-2023/00041

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OPTIAM proiektua

EUSKO JAURLARITZAK (EKONOMIAREN GARAPEN, JASANGARRITASUN ETA INGURUMEN SAILA) ETA EUROPAR BATASUNAK 2021-2027 ESKUALDE GARAPENERAKO EUROPAR FUNTSAREN (EGEF) BITARTEZ KOFINANTZATUTAKO ERAGIKETA

GE Power Management, S.L, ak eginiko “Optimización del diseño de la red eléctrica y sus componentes para minimizar el impacto ambiental del consumo eléctrico” izeneko I + G proiektua, Eusko Jaurlaritzak eta Europar Batasunak 2021-2027 Eskualde Garapenerako Europar Funtsaren (EGEF) bitartez kofinantzatutako eragiketa da.

OPTIAM ekipamendu elektriko berritzaileak garatzea helburu duen proiektu bat da, ekodiseinu irizpideak eta etorkizuneko energia planifikatzeko tresna digitalak integratuz, sorkuntza, banaketa eta biltegiratze proiektu berrien hedapenean erabakiak hartzea errazten dutenak.

Ikerketa industrialeko urte anitzeko (2023-2025) lankidetza-proiektu estrategikoa da, eta Zientzia, Teknologia eta Berrikuntzaren Euskal Sareko erakunde eta/edo eragile hauek hartzen dute parte: ORMAZABAL Y COMPAÑÍA, S.L. (liderra), INGETEAM POWER TECHNOLOGY, S.A., PRONUTEC, S.A., ACLARA METERS, S.L., GE POWER MANAGEMENT, S.L., EQUIPOS ELÉCTRICOS, S.L., INGURUMENAREN KIDEAK INGENIERÍA, S.L., Fundación Tecnalia Research and Innovation, Ormazabal Corporate Technology, A.I.E., INGETEAM R&D EUROPE, S.L.

Proiektua: ZE-2023/00041

Rust never sleeps. Time is money. These two ancient adages drive a cycle of rejuvenation at GE Vernova’s remanufacturing facility in Noblejas, Spain, where wind industry operators from around the world seek renewal for their aging equipment. Here in this rural hamlet south of Madrid, GE Vernova’s Onshore Wind business started out small a decade ago, turning around a few dozen orders each year, mostly for its own benefit.

Kentucky’s Mill Creek Generating Station sits on more than 500 acres along the Ohio River, about 20 miles south of Louisville. For generations, the river has been the region’s lifeblood, transporting millions of tons of coal to Mill Creek and dozens of other power plants lining its banks, from Pennsylvania to Illinois.

ALGIERS, Algeria (April 27, 2024) – GE Vernova (NYSE: GEV) employees joined hands with customer teams to plant 150 trees at 10 power generation facilities across Algeria including Terga, Oumache, and Naama Combined Cycle Power Plants, among others. The activities were held in support of Earth Day. The tree planting was symbolic of not only team spirit and collaboration, but also the dedication of the participants to act as environmental custodians committed to protecting the planet for generations to come.

While Earth Day is observed on April 22, GE Vernova’s staff of more than 80,000 people extended the celebrations during April 20 – 27 not only in Algeria but also at scores of other sites around the world. The activities included community volunteer events such as park and beach clean-up drives, as well as daily acts of sustainability at home and the workplace, such as identifying and reducing wasteful energy use, decreasing consumption of single-use plastics, walking or cycling instead of driving, eating local produce, and much more. The initiatives demonstrate the significance GE Vernova places on environmental sustainability as it continues to lead the energy transition towards a lower-carbon future. The week’s activities also directly tied to GE Vernova’s ambitious target to reach carbon neutral operations for Scope 1 and 2 greenhouse gas emissions by 2030.

GE Vernova spun-off from GE (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines, GE Vernova's technology base helps generate about 30% of the world's electricity and has a meaningful role to play in the energy transition.

Joseph Anis, President and CEO of GE Vernova’s Gas Power business in Europe, Middle East & Africa (EMEA), said, “Celebrating Earth Day through a week of service to our planet and communities is an annual tradition at GE Vernova. This year’s activities in observance of Earth Day were particularly special for us as they were our first as an independent company. We were honored to collaborate with our customers across Algeria to undertake tree planting drives, helping to both raise awareness on environmental issues today, and leave a legacy for tomorrow.”

GE Vernova has a strong history of contributing to the development of Algeria’s energy sector by providing power generation, transmission, distribution, and digital solutions. It employs over 300 people in Algeria and its investments in the country include GE Algeria Turbines (GEAT) – a joint venture with Sonelgaz that has manufactured skids and turbine auxiliaries, as well as rolled out gas turbines, steam turbines, and control systems. Sonelgaz and GE Vernova recently also announced the planned expansion of existing capabilities at GEAT to develop grid solutions, further demonstrating a shared commitment to accelerate sustainable energy development, localize industrial capabilities, and support national economic growth goals.

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NOTES TO EDITORS

Follow GE Vernova in Middle East & Africa on LinkedIn.

About GE Vernova
GE Vernova (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerators. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 80,000 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 mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy.