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GE Vernova

GE Vernova Charts a Path to a Reliable, Low-Carbon Energy Future for Germany

3 min read
  • New study/white paper identifies four priorities to align investment in generation, grid, and flexibility.

Berlin, 7 November 2025 - GE Vernova today offered solutions on how Germany can maintain a secure, affordable, and low-carbon electricity supply through 2035, following the Federal Ministry for Economic Affairs and Energy’s (BMWE) latest Energiewende Monitoring Report and accompanying 10-Point Plan.

The company’s new white paper finds that Germany’s energy transition challenges such as renewable curtailment, grid congestion, and rising system costs cannot be solved by any single technology. Instead, they require an integrated system planning approach that links demand growth, renewable expansion, grid build-out, and dispatchable capacity into one coordinated framework.

“The Monitoring Report gets it right: Germany will need additional dispatchable capacity,” said Markus Becker, Executive Director, System Economics, GE Vernova’s Consulting Services. “The scale and timing, however, depend on how quickly flexibility, grid expansion, and demand evolve together. The answer is not one variable, it is how they work in concert.”

Building on this analysis, GE Vernova outlines four priorities for policymakers and planners as Germany implements the findings of the BMWE report:

  • Accelerate integrated system planning to align decisions on generation, transmission, and flexibility investments, ensuring reliability at the lowest total cost.
  • Scale flexibility and storage by expanding battery, demand-side, and digital solutions that make electricity demand an active contributor to system balance and help reduce renewable curtailment.
  • Deploy modern, efficient gas generation alongside technology-neutral decarbonization solutions, providing fast-response backup for renewables while enabling future decarbonization of thermal assets.
  • Advance market design for flexibility and adequacy by developing capacity and capability mechanisms that value firm capacity, fast response, and low-carbon flexibility together.

The paper also highlights the need for regional coordination within Europe’s interconnected power market and resilient supply chains for generation equipment, transformers, and grid infrastructure. Maintaining a strong domestic and European manufacturing base is key to ensuring projects are delivered on time and within budget.

The full white paper can be accessed here.

GE Vernova has played a central role in Germany’s power sector for more than 100 years. Its equipment and solutions support approximately 30 percent (46 GW) of the country’s installed capacity and continue to underpin efforts to modernize and decarbonize the German grid.

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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 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.

© 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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Csilla Kövesdi
GE Vernova | Communications, Europe
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GE Vernova

GE Vernova Foundation Invests in Energy Industry Skills Development to Advance Critical Workforce Needs in Malaysia

9 min read
  • Scholarships will equip local workers and students with skills to secure quality, higher-wage jobs in the energy industry

  • Working with Assist International and Federation of Malaysian Skills Development Centres (FMSDC) to create new training program

Shah Alam, Malaysia (November 5, 2025) – As part of continued efforts to educate and train the next generation of energy leaders around the globe, the GE Vernova Foundation today announced a grant of more than $950,000 to Assist International to create a new, three-year vocational and technical training scholarship program in Malaysia. The GE Vernova Energy Industry Skills scholarship will provide access to two nationally accredited certification programs for high-demand skills, serving both new learners looking to enter the workforce and current workers seeking to upskill, directly supporting Malaysia’s growing industrial workforce needs.

Within the next decade, one of the greatest challenges for the energy sector will be the increasing demand for workers with technical skills. This new scholarship is intended to eliminate financial barriers and ensure inclusive access to training for nearly 500 students and workers, covering tuition, tools and essential wrap around services, including accommodations, meals, and transportation. This program supports the goals of Malaysia’s National TVET Policy 2030, a forward-looking blueprint designed to strengthen industry alignment, elevate training quality, and enhance the national recognition of vocational education.

“The GE Vernova Foundation is proud to support the next generation of energy leaders,” said Kristin Carvell, GE Vernova Foundation President and Chief Communications Officer, GE Vernova. “This new scholarship will help equip hundreds of participants with the skills needed to secure quality, higher-wage jobs powering the future of energy – a win for families, Malaysians and the world.”

"Technical and skills training is critical for the energy sector moving forward," said Ramesh Singaram, Board Director, GE Vernova Foundation and President & CEO, Gas Power Asia, GE Vernova. "We are proud to collaborate with Assist and FMSDC to create new opportunities for Malaysian students and workers, offering pathways to well-paying jobs that promote financial independence."

Founded in 1990, Assist International is a non-profit organization that designs and implements sustainable development programs in more than 50 countries focusing on systems strengthening and capacity building. Assist International will partner with Federation of Malaysian Skills Development Centres (FMSDC), a non-profit established to strengthen the technical and vocational education across Malaysia.

“Assist International is honored to partner with the GE Vernova Foundation in its global commitment to expanding skills training for the energy transition,” said Cheri Reynolds, Vice President, Strategy & Programs, Assist International. “We are excited to support FMSDC’s vision to equip students with practical skills that open doors to opportunity and strengthen Malaysia’s sustainable future. Together, this collaboration empowers communities by building the technical capacity that drives innovation, economic growth, and long-term sustainable development.” 

“FMSDC is proud to collaborate with the GE Vernova Foundation to equip Malaysians, particularly those from underprivileged backgrounds, with the technical skills needed for the country’s energy transition,” said Hallman Sabri, Chairman of FMSDC. By ensuring access to quality training and professional certifications in critical skills such as electrical systems and welding, this initiative helps break barriers for underprivileged groups, supports career advancement, and builds a more inclusive workforce. At the same time, it strengthens industry capabilities and contributes to Malaysia’s sustainable energy future.”

Skilled trades are the backbone of Malaysia’s goal to reach net zero by 2050 and a central pillar of the National Energy Transition Roadmap (NETR), which identifies human capital and capabilities as a key enabler of the country’s energy transition. Achieving these goals will require thousands of electricians, welders, and technicians to design, build, and maintain renewable energy systems, smart grids, and efficient infrastructure across the country. The GE Vernova Energy Industry Skills scholarship is investing in vocational training, strengthening Malaysia’s local talent pipeline while reducing reliance on foreign expertise to prepare individuals for high-quality, future-ready jobs. 

GE Vernova currently provides up to 40% of Malaysia’s electricity and is well-positioned to support the country’s transition towards its 2050 net zero goals. GE Vernova has a strong long-standing relationship with the country's energy utilities and independent power producers. With the largest base of installed gas turbines in Malaysia today, GE Vernova provides power with 7 units of H-Class technology across the country including the Sultan Ibrahim Power Plant in Pasir Gudang, Johor which is able to burn up to 50% hydrogen blends and is expected to generate approximately 2,500 job opportunities for the local community.

As GE Vernova pursues its mission to electrify to thrive and decarbonize, the GE Vernova Foundation is committed to building the workforce needed for a sustainable energy future. Global programs have been launched in over a dozen communities where GE Vernova has operations, supporting the goal to train 30,000 students and learners by 2030. Since its inception, the Foundation has reached nearly 5,700 students and learners globally, providing them with skills and knowledge necessary to excel in the energy industry. This new scholarship in Malaysia is a significant step forward in that mission, reinforcing the Foundation’s dedication to creating a skilled, sustainable workforce that can meet the demands of the evolving energy landscape.

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. Building on the 100+ year legacy of the GE Foundation, the GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. The Foundation’s resources are also channeled into initiatives focused on championing the global workforce needed for the energy transition as well as building stronger and more resilient communities. 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.

Forward Looking Statements

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

About Assist International

Assist International is a U.S.-based non-governmental organization that partners with changemakers around the world to provide solutions that save lives and build resilient communities. Founded in 1990, Assist International delivers sustainable programs in energy access, global health, education, clean water, and disaster relief, creating lasting impact across more than 65 countries. With over three decades of experience, the organization works alongside foundations, corporations, universities, governments, and NGOs to design and implement programs that drive measurable, scalable change. Learn more at www.assistinternational.org

About FMSDC

For over 30 years, the Federation of Malaysian Skills Development Centres (FMSDC) has played a pivotal role in cultivating Malaysia’s skilled workforce to align with national socio-economic objectives. Established in 1999, FMSDC unifies 15 State Skills Development Centres across the country to deliver industry-relevant training using the latest technologies. Driven by its mission to develop skilled manpower for Malaysia’s continued advancement, FMSDC emphasizes practicality, relevance, and measurable impact. Its programs offer certified courses that enhance employability and keep pace with emerging technologies such as Industry 4.0. Learn more at www.fmsdc.my

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© 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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Revolutionizing Lower-Carbon Power Generation with Carbon Capture at Net Zero Teesside Power
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Concept to Reality

Revolutionizing Lower-Carbon Power Generation with Carbon Capture at Net Zero Teesside Power

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GE Vernova, together with Technip Energies and their construction partner Balfour Beatty, are preparing to build a giant power plant with carbon capture and storage (CCS) in Teesside, an industrial hub in northeast England. Net Zero Teesside Power (NZT Power) is expected to be the world

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Investor Relations

GE Vernova Releases Third Quarter 2025 Financial Results

Investor Relations
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.”

 

GE Vernova

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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 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.

© 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.

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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.

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© 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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Next Engineers Johannesburg Graduation 2025
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Kashumba Macombe
GE Vernova | Communications Specialist
Annette Reed
Programme for Technological Careers (PROTEC) | Fundraising and Business Development
+27 82 334 2939
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Investor Relations

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 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.

© 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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Michael Lapides

GE Vernova | Vice President of Investor Relations

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Adam Tucker
GE Vernova | Director of Financial Communications
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Leadership

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 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.

© 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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Michael Lapides

GE Vernova | Vice President of Investor Relations

+1 617 674 7568

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Adam Tucker
GE Vernova | Director of Financial Communications