CAMBRIDGE, Mass. (March 4, 2025) – GE Vernova Inc. (NYSE: GEV) and Amazon Web Services, Inc (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced the signing of a strategic framework agreement (SFA) aimed at supporting AWS’s data center scaling, and collaborating to address increasing global energy demand, advance grid security and reliability, and decarbonize electric power systems.

Through this collaboration, GE Vernova will provide AWS with new offerings across a broad scope of solutions to electrify and decarbonize data centers across North America, Europe, and Asia, including:

• Electrification Systems: GE Vernova will continue to provide AWS with turnkey substation solutions to enable connectivity of AWS data centers to the grid, including expansion of major electrical equipment, project management, and construction support, across multiple sites globally. AWS and GE Vernova engineering teams will continue to work together to optimize data center substation design and delivery.
• Renewables: GE Vernova will collaborate with AWS to enhance the path for commercializing onshore wind development projects.
• Power Generation, Innovation and Services: GE Vernova and AWS will also explore additional opportunities for GE Vernova to provide power generation equipment and services to AWS as well as work with GE Vernova’s accelerator businesses – Advanced Research, Consulting Services, and Financial Services – to advance energy transition innovation, research, project development, and financing.

Pablo Koziner, Chief Commercial Officer, GE Vernova said, “We are excited to work in collaboration with AWS as they advance their computing capabilities and data center capacity. We believe that GE Vernova is well positioned through its broad portfolio of energy products and services to help AWS obtain reliable, cost effective, and more sustainable electricity for its data centers in support of their growth objectives. We appreciate the opportunity to work strategically with a company that embraces innovative solutions and values strong collaboration.”

Under this new collaboration, AWS will provide GE Vernova cloud services solutions to advance its cloud migration and digital innovation efforts, including through generative AI. AWS’s cutting-edge capabilities will support GE Vernova’s continued transformation as a standalone, public company as it enhances its systems and processes and further embeds sustainability and innovation into its core operations. The extended collaboration will introduce new potential technologies and cloud services, including AWS High Performance Computing (HPC). The collaboration will also help GE Vernova accelerate development cycles and optimize operations for advanced digital technology solutions through large computational power and cloud elasticity. AWS and GE Vernova will further work together to identify opportunities to accelerate GE Vernova’s operational goals, leveraging AWS technologies in artificial intelligence, big data, and data analytics.

Additionally, AWS will continue to collaborate with GE Vernova’s Electrification Software business to help support AWS Cloud deployments of software for the electric grid, power generation, and manufacturing industries.

“Through this expanded collaboration with GE Vernova, we’ll be able to accelerate data and energy efficiencies, driving reliable and more sustainable operations,” said Howard Gefen, general manager, energy & utilities, AWS. “Our shared goals of addressing increased global energy demand, advancing grid security, and decarbonizing electric power systems will help our customers across the globe.”

GE Vernova previously announced agreements to collaborate with AWS to help support cloud deployments of software to benefit electric utilities, energy organizations, manufacturers, and other industrial businesses. Through these collaboration arrangements, several of GE Vernova’s software solutions—including various applications within its GridOS® orchestration software portfolio, as well as Asset Performance Management—are hosted in the AWS Cloud.

Financial terms of this agreement are not disclosed.

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

About Amazon Web Services
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 114 Availability Zones within 36 geographic regions, with announced plans for 12 more Availability Zones and four more AWS Regions in New Zealand, the Kingdom of Saudi Arabia, Taiwan, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

Forward Looking Statements
Except for the historical and factual information contained herein, the matters set forth in this press release, including statements related to the benefits of the parties’ collaboration, the parties’ business outlook and potential future operations or transactions, and that may be identified by words such as “will,” “believes,” “expects,” “plans” and similar expressions, are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including the risks that the parties’ anticipated benefits from their agreement and continued collaboration may take longer to be realized or be less than currently anticipated, that the benefits of AI and other emerging technologies may take longer to be realized or be less than currently anticipated, or that certain of the parties’ plans for future changes may be more difficult or time consuming to implement than currently expected. Many of these risks, uncertainties and assumptions are beyond the parties’ control. Actual events and results may differ materially from those anticipated, estimated or projected if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date made. Unless legally required, neither party undertakes any obligation and expressly disclaims any such obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

الرياض، المملكة العربية السعودية، 25 فبراير 2025: تحت رعاية وزارة الطاقة، استضافت شركة "جنرال إلكتريك ڤيرنوڤا" المنتدى الحصري "عصر الطاقة الجديد" في مركز الملك عبد الله للدراسات والبحوث البترولية (كابسارك) في الرياض. وشارك الرئيس التنفيذي لشركة "جنرال إلكتريك ڤيرنوڤا" سكوت سترازيك، ضمن أكثر من 200 من كبار القادة المتميزين من القطاعات العامة والخاصة وغير الربحية في قطاع الطاقة، في تبادل الأفكار والحلول وأفضل الممارسات بما يعزِّز منظومة الطاقة في المملكة ويدعم رؤية السعودية 2030.

كما استضافت القمة السنوية العالمية لشراكات موردي الطاقة لشركة “جنرال إلكتريك ڤيرنوڤا" التي انعقدت في الرياض أكثر من 300 مؤسسة من موردي "جنرال إلكتريك ڤيرنوڤا". ويهدف الحدث إلى تعزيز سلسلة الإمداد في قطاع الطاقة، ودفع أهداف الصناعة الوطنية والتنويع الاقتصادي، وتعزيز الاستثمارات الأجنبية لإيجاد المزيد من القيمة المشتركة في قطاع الطاقة.

كما التقى أعضاء فريق القيادة التنفيذية لشركة "جنرال إلكتريك ڤيرنوڤا" في الرياض خلال العام الأول من تأسيس "جنرال إلكتريك ڤيرنوڤا" كشركة مستقلة يتم تداولها في بورصة نيويورك للأوراق المالية حيث سلطوا الضوء على العلاقة الاستراتيجية الممتدة التي تربط بين المملكة والشركة منذ ما يقارب 90 عاماً، والتي اتسمت بعلاقات التعاون المتينة.

وقال سكوت سترازيك، الرئيس التنفيذي لشركة "جنرال إلكتريك ڤيرنوڤا": "في ظل وجود خريطة طريق واضحة لرؤية السعودية 2030 وما بعدها، تحظى المملكة العربية السعودية بمكانة متميزة تؤهلها لقيادة عصر جديد من الطاقة. وتفخر ’جنرال إلكتريك ڤيرنوڤا‘ أن يكون لها دور مهم في هذه الجهود. كما نعمل على نقل التكنولوجيا والمهارات والمعارف من كافة أنحاء العالم إلى المملكة، بما يشمل عملنا في مركز ’جنرال إلكتريك للصناعة وتكنولوجيا الطاقة' ومنشاة الخبر المتكاملة (KIF). وتفخر "جنرال إلكتريك ڤيرنوڤا" أيضا بمواصلة مساهماتها الممتدة لنحو قرن من الزمان في قطاع الطاقة في المملكة. وتؤكد مبادرات اليوم التزامنا بالاستثمار وتوسيع أعمالنا في هذه المنطقة المهمة".

وتضمنت المبادرات والإنجازات الجديدة التي تم الإعلان عنها خلال الحدث ما يلي:

• خطط للاستثمار في تصنيع حلول الشبكات الكهربائية في المملكة: تماشياً مع مذكرة التفاهم التي تم توقيعها في نوفمبر 2024 بين "جنرال إلكتريك ڤيرنوڤا" والشبكة الوطنية، أعلنت "جنرال إلكتريك ڤيرنوڤا" عن نيتها ضخ استثمارات كبيرة لتوسيع منشأة "جنرال إلكتريك السعودية للتوربينات المتقدمة"(GESAT) في الدمام. وسيسهم هذا في تمكين الإنتاج المحلي من المفاتيح الكهربائية ذات الجهد العالي المعزولة بالغاز، مما يمثل تأسيس أول منشاة لـ"جنرال إلكتريك ڤيرنوڤا" من نوعها في الشرق الأوسط. ويأتي هذا الاستثمار في إطار استراتيجية “جنرال إلكتريك ڤيرنوڤا" الأوسع لدعم رؤية السعودية 2030، بما في ذلك سرعة توفير المعدات الأساسية طويلة الأمد والضرورية لتحديث البنية التحتية الكهربائية في المملكة. كما يؤكد التزام “جنرال إلكتريك ڤيرنوڤا" بتعزيز القدرات الصناعية المحلية وتوفير فرص عمل للكوادر البشرية السعودية.

• توسيع القدرة الإنتاجية: ستعمل "جنرال إلكتريك ڤيرنوڤا" على توسيع القدرة الإنتاجية في مجمع "مركز جنرال إلكتريك للصناعة وتكنولوجيا الطاقة" (GEMTEC) في الدمام لتطوير منتجات وخدمات وحلول أتمتة الشبكة في المملكة العربية السعودية. ويهدف هذا الاستثمار إلى تسريع رقمنة الشبكة وتحديثها، بما يعزز التزام الشركة على المدى الطويل ببناء شبكة للطاقة أكثر كفاءة وموثوقية واستدامة.

• إنجاز أول عملية صيانة لتوربينات غازية عالية الأداء بقيادة كوادر سعودية بالكامل: أعلنت الشركة السعودية للكهرباء و"جنرال إلكتريك ڤيرنوڤا" عن إنجاز أول عملية صيانة توربينات غازية يتم تخطيطها وتنفيذها بالكامل من قبل فريق من المهندسين والمتخصصين السعوديين في "جنرال إلكتريك ڤيرنوڤا" وذلك في محطة الكهرباء الثامنة في الرياض. وتؤدي المحطة الاستراتيجية دوراً حاسماً في تلبية الطلب المتزايد على الكهرباء. يسلط تنفيذ عملية الصيانة الضوء على التزام الشركتين بتعزيز المواهب المحلية في قطاع الطاقة السعودي.

• مذكرة تفاهم مع الشبكة الوطنية للكهرباء/الشركة السعودية للكهرباء: وقعت وحدة أعمال الحلول الرقمية في مجال الطاقة التابعة لشركة "جنرال إلكتريك ڤيرنوڤا" مذكرة تفاهم مع الشركة السعودية للكهرباء بهدف مساعدة المملكة على التحول الرقمي وتحديث وتسريع أهداف التحول في مجال الطاقة استعداداً لرؤية 2030 وما بعدها. وفي إطار مذكرة التفاهم، سوف تتعاون الشركة السعودية للكهرباء مع "جنرال إلكتريك ڤيرنوڤا" لاستكشاف الاستفادة من نظام شبكة GridOS® من "جنرال إلكتريك ڤيرنوڤا"، وهو أول مجموعة برامج مصممة لتنسيق الشبكة. ولدعم تبني البرنامج، تهدف "جنرال إلكتريك ڤيرنوڤا" إلى المساعدة على تطوير مركز إقليمي للكفاءة والتميز في الرياض.

• بروتوكولات التعاون مع بنك التصدير والاستيراد السعودي: في عام 2024، وقعت شركة "جنرال إلكتريك ڤيرنوڤا" مذكرة تفاهم مع بنك التصدير والاستيراد السعودي بهدف تمكين تصدير منتجاتها وخدماتها من المملكة العربية السعودية من خلال الإقراض والدعم التأميني من بنك التصدير والاستيراد السعودي.

ويؤدي التمويل والتأمين دوراً مهماً حيث تحرز المملكة تقدماً في تنويع اقتصادها من خلال نمو الصادرات غير النفطية. وأعلن الطرفان في منتدى "عصر الطاقة الجديد" عن بروتوكولات تعاون أكثر تفصيلاً تستند إلى مذكرة التفاهم السابقة لتحديد آلية عملهما سوياً في المستقبل.

-انتهى-

نبذة عن جنرال إلكتريك ڤيرنوڤا:

شركة طاقة عالمية تركز على مختلف تقنيات إنتاج ونقل الطاقة الكهربائية، تضم قطاعات الطاقة وطاقة الرياح والكهرباء، مدعومة بوحدات "التسريع" الخاصة بها. في ضوء خبرتها الواسعة التي تفوق 130 عاماً في مواجهة التحديات العالمية، تتمتع الشركة بمكانة فريدة للمساهمة في قيادة تحول قطاع الطاقة عبر الاستمرار في إمداد العالم بالكهرباء مع العمل في الوقت ذاته على إزالة الكربون. تساعد الشركة العملاء على تعزيز الاقتصادات وتوفير الكهرباء الضرورية لضمان الصحة والسلامة والأمن والارتقاء بجودة الحياة. يقع المقر الرئيسي للشركة في مدينة كامبريدج بولاية ماساتشوستس الأمريكية، حيث تضم حوالي 75 ألف موظف في حوالي 100 دولة حول العالم. وانطلاقاً من هدفها وشعارها المتمثل بـ "الطاقة لتغيير العالم"، تساهم تقنيات وحلول "جنرال إلكتريك ڤيرنوڤا" في توفير مستقبل أفضل للطاقة يتسم بالأسعار المعقولة والموثوقية والاستدامة والأمان. لمزيد من المعلومات، يرجى زيارة: GE Vernova وLinkedIn . 

البيانات التطلعية

تحتوي هذه الوثيقة على بيانات تطلعية - أي بيانات تتعلق بأحداث مستقبلية تتناول بطبيعتها أمورًا غير مؤكدة بدرجات متفاوتة. غالبًا ما تتناول هذه البيانات التطلعية الأداء المالي والأعمال المستقبلية المتوقع لشركة"‘جي إي فيرنوفا" والوضع المالي والأداء المتوقع لمنتجاتها وتأثير خدماتها والنتائج التي قد تنتجها، وغالبًا ما تحتوي على كلمات مثل "نظن" أو "نتوقع" أو "نعتزم" أو "نخطط" أو "نعتقد" أو "نسعى" أو "نرى" أو "سوف" أو "نقدر" أو تعابير مماثلة. كما تتناول البيانات التطلعية بطبيعتها أمورًا غير مؤكدة بدرجات متفاوتة، مثل البيانات المتعلقة بمذكرات التفاهم والتأثير المتوقع للعلاقات التي تم إنشاؤها بموجبها، ومقترحات العقود والمشاريع، والمناقصات، وعمليات المراجعة الحكومية والمسابقات، والاستثمارات أو المشاريع ونتائجها المتوقعة وتأثيرات الظروف الاقتصادية الكلية والسوقية والتقلبات على العمليات التجارية للشركة والنتائج المالية والموقف المالي وعلى سلسلة الإمداد العالمية والاقتصاد العالمي.

للمزيد من المعلومات الرجاء الاتصال بـ:

عبير مسعود

مديرة الاتصال المؤسسي لمنطقة الشرق الأوسط وأفريقيا في شركة جنرال إلكتريك ڤيرنوڤا

[email protected]  

RIYADH, KINGDOM OF SAUDI ARABIA (February 25, 2025) – Under the patronage of the Ministry of Energy, GE Vernova hosted the exclusive ‘New Era of Energy' forum at the King Abdullah Petroleum Studies and Research Center (KAPSARC), Riyadh, Kingdom of Saudi Arabia.  At the event, Scott Strazik, CEO of GE Vernova, joined over 200 distinguished senior leaders from the public, private, and non-profit sectors across the energy ecosystem to exchange ideas, share solutions, and present best practices to further strengthen Saudi Arabia’s energy ecosystem in support of Saudi Vision 2030.

Additionally, GE Vernova’s annual Global Supplier Partnership Summit, was hosted with more than 300 GE Vernova supplier organizations in attendance. The event’s aim was to deepen the energy sector supply chain, drive national industrialization and economic diversification goals, and foster foreign investments to create greater shared value in the power sector.

Members of GE Vernova’s executive leadership team also met in Riyadh, prioritizing bringing the executive leadership team to the Kingdom within the first year of GE Vernova’s spin-off as an independent company trading on the New York Stock Exchange. They highlighted the 90-year strategic relationship between the Kingdom and the company, which has been marked by deep and continued cooperation on energy innovation.

“With a clear roadmap for Vision 2030 and beyond, Saudi Arabia is well placed to lead a new era of energy, and GE Vernova is honored to play a significant role in these efforts,” said Scott Strazik, CEO of GE Vernova. “We are applying technologies, skills, and knowledge from around the world to the Kingdom – including in our work at the GE Manufacturing and Technology Center campus and the Khobar Integration Facility. GE Vernova is proud to continue our near century of contributions to the Kingdom’s power sector, and today’s announcements underscore our commitment to investing and expanding our work in this important region.”

New initiatives and milestones announced at the event included the following:

• Plans to invest in manufacturing grid solutions in the Kingdom: In alignment with the Memorandum of Understanding (MOU) signed in November 2024 between GE Vernova and National Grid, GE Vernova announced the intent to make a significant investment to expand its GE Saudi Advanced Turbines (GESAT) facility located in Dammam. This will enable the local production of high-voltage gas-insulated switchgears, marking the establishment of the first GE Vernova facility of its kind in the Middle East. The investment is part of GE Vernova's broader strategy to support Saudi Vision 2030, including the timely delivery of essential, long-lead equipment critical for the modernization of the country's electrical infrastructure. It also underscores GE Vernova's commitment to deepening local industrial capabilities and generating employment opportunities for the people of Saudi Arabia.
• Expanded production capacity: GE Vernova will be expanding production capacity at its GE Manufacturing Technology Center (GEMTEC) facility in Dammam to advance grid automation products, services, and solutions in Saudi Arabia. This investment aims to accelerate grid digitalization and modernization, reinforcing its long-term commitment to a more efficient, reliable, and sustainable power network.
• First ever heavy-duty gas turbine outage led entirely by Saudi nationals: Saudi Electricity Company (SEC) and GE Vernova announced the safe and successful completion of the first gas turbine outage entirely planned and executed by GE Vernova’s Saudi engineers and specialists at the 8th Power Plant in Riyadh. The strategic facility plays a critical role in addressing the growing electricity demands. The outage execution highlights both companies' commitment fostering local talent within Saudi Arabia's energy sector.
• MOU with Saudi Electricity Company (SEC): GE Vernova’s Electrification Software business signed an MOU with SEC to help the country digitize, modernize, and accelerate on energy transition goals as it prepares for Vision 2030 and beyond. As part of the MOU, SEC will collaborate with GE Vernova and explore utilization of GE Vernova’s GridOS® the first software portfolio designed for grid orchestration. To support the adoption of the software, GE Vernova aims to help develop a Regional Center of Competency & Excellence in Riyadh.
• Protocols of Cooperation with Saudi EXIM Bank: In 2024, GE Vernova signed an MOU with Saudi EXIM Bank aimed at enabling the export of its goods and services from Saudi Arabia through lending and insurance support from Saudi EXIM Bank. Financing and insurance play an important role as Saudi Arabia progresses in diversifying its economy through the growth of non-oil exports. At the New Era of Energy forum, the two parties announced more detailed Protocols of Cooperation to define how they will work together moving forward by building on the previous MOU.

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CAMBRIDGE, Mass. (February 21, 2025) – GE Vernova Inc. (NYSE: GEV) announced today that it has been authorized by the Common Vulnerability and Exposures Program as a CVE Numbering Authority (CNA). CNAs are organizations responsible for assigning CVE IDs to cybersecurity vulnerabilities potentially related to its products and for creating and publishing information about these vulnerabilities in the associated CVE Record. Each CNA has a specific scope of responsibility for identifying and publishing details about vulnerabilities.

This authorization extends the CNA status previously held by GE Gas Power to now include all GE Vernova businesses, encompassing our Power, Wind, and Electrification segments. As a CNA, GE Vernova can assign CVE identification numbers to newly discovered vulnerabilities potentially related to its products, allowing GE Vernova to directly publish new CVE Records and streamline the reporting process. GE Vernova will maintain all previously assigned CVEs created by GE Gas Power, ensuring continuity and consistency in vulnerability reporting.

"This expanded authorization reaffirms our unwavering commitment to maintaining a security culture across all our businesses," said Ronald Wiederhold, GE Vernova Vice President of Product Cybersecurity. "By identifying and mitigating cybersecurity vulnerabilities, we support our customers and partners, enabling them to operate their energy infrastructure with confidence in GE Vernova and our portfolio of products and services."

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About the CVE Program  
The mission of the Common Vulnerabilities and Exposures (CVE®) Program is to identify, define, and catalog publicly disclosed cybersecurity vulnerabilities. There is one CVE Record for each vulnerability in the catalog. The vulnerabilities are discovered then assigned and published by organizations from around the world that have partnered with the CVE Program. Partners publish CVE Records to communicate consistent descriptions of vulnerabilities. Information technology and cybersecurity professionals use CVE Records to ensure they are discussing the same issue, and to coordinate their efforts to prioritize and address the vulnerabilities.

The CVE Program is sponsored by the Cybersecurity and Infrastructure Security Agency (CISA), of the U.S. Department of Homeland Security (DHS) and is operated by the MITRE Corporation in close collaboration with international industry, academic, and government stakeholders.

In Türkiye, demand for electricity is surging. With a growing — and urbanizing — population, the country ranks 15th in the world in annual energy production, outpacing several nations with much larger populations.

CAMBRIDGE, Mass. (February 12, 2025) – With a focus on building the workforce needed to drive the future of energy, today the GE Vernova Foundation announced a landmark investment of $500,000 in scholarships for vocational and technical training in five cities across the United States for individuals of all backgrounds pursuing careers related to electric power. Today’s news comes the week after GE Vernova's announcement of nearly $600 million in planned investments in its U.S. factories and facilities over the next two years, expected to create approximately 1,500 new U.S. jobs, to help meet the surging electricity demands around the world.

In collaboration with the Atlanta-based SkillPointe Foundation, the GE Vernova Foundation aims to create a lasting impact on workforce development in the energy sector and help enable the future of energy. Launching in Charleroi, PA; Greenville, SC; Houston, TX; Schenectady, NY; Pensacola, FL - all home to GE Vernova facilities - the new “Future of Energy” Scholarship Fund will focus on students currently pursuing skilled trades or a technical career as well as the reskilling of adults looking to re-career. This $500,000 commitment will fund technical and vocational training to equip current and future workers with skills required for jobs in grid modernization, power generation and related fields. The two-year investment will provide 100 $5,000 scholarships, for a total of a $100,000 investment in each of the 5 locations.

“To keep pace with the demand and new innovations across the energy sector, we’re experiencing a growing need for a workforce that’s skilled in new technologies and functions,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “The GE Vernova Future of Energy SkillPointe Scholarship program supports our mission to electrify and decarbonize the world by fostering the next generation of skilled workers who can bridge the current skills gap and help power the energy transition forward.”

The SkillPointe Foundation, which has a proven track record in scholarship management, will oversee the program. “Our partnership with the GE Vernova Foundation is a natural fit, as both organizations share a commitment to bridging the skills gap and building tomorrow’s workforce,” said Alvin Townley, founding executive director of the SkillPointe Foundation. “In particular, we are honored to help build the workforce that will lead the future of energy.”

Applications and Eligibility
The GE Vernova Future of Energy SkillPointe Scholarship is open to individuals of all backgrounds seeking or enrolled in training for career paths not requiring a four-year degree. Among the program’s pathways of focus are:

• Construction
• Electrical systems
• Equipment technician
• Heavy equipment operation
• HVAC
• CNC Machining
• Mechatronics
• Pipefitting/Steamfitting
• Robotics
• Systems technician
• Welding

For information on how to apply for the GE Vernova Future of Energy SkillPointe Scholarship, please visit the GE Vernova FUTURE OF ENERGY SkillPointe Scholarship Application Link.

GE Vernova recently announced nearly $600 million in investments in U.S. manufacturing facilities over the next two years, which are projected to create approximately 1,500 new U.S. jobs. You can read more about the announcement here.

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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 the SkillPointe Foundation
The SkillPointe Foundation partners with organizations like the GE Vernova Foundation, The Home Depot Foundation, and other industry and philanthropic leaders to provide scholarships to aspiring workers seeking skills training for high-demand careers not requiring a four-year degree. Specifically, the SkillPointe Foundation works with donors to manage strategic scholarship programs that increase economic mobility for workers while building the skilled workforce needed by American industry. In less than four years of operations, the Foundation has raised nearly $5M and funded more than 1,100 scholarships nationwide.

CAMBRIDGE, Mass. (February 12, 2025) – Today the GE Vernova Foundation announced a grant of $250,000 to Operation Helo in support of the ongoing Hurricane Helene relief efforts in Western North Carolina. Operation Helo, a veteran founded and led non-profit based in North Carolina, recently launched their Campers & Winter Warmth Initiative providing more than 200 new, fully equipped campers to displaced families, ensuring they have a safe and temporary place to call home. The GE Vernova Foundation funding of $250,000 will be directed to both support the continued need for more campers as well as the purchase of building supplies for those residents beginning their rebuilding efforts.

“As Western North Carolina continues to recover from the devastation caused by Hurricane Helene, we are proud to work with Operation Helo to ensure families in need have access to housing,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “Disasters such as these affect families for the long-term, and this will help provide them with the support needed to rebuild.”

“We are profoundly grateful to the GE Vernova Foundation for their generous grant to Operation Helo, said Eric Robinson, Co-Founder, Operation Helo. Their support plays a pivotal role in our ongoing efforts to rebuild and restore communities in Western North Carolina devastated by Hurricane Helene. This partnership empowers us to accelerate recovery, provide essential services, and help families regain stability and hope. Together, we’re rebuilding not just homes, but futures.”

Late last year, the GE Vernova Foundation announced a total of $500,000 in grants to support Hurricane Helene recovery efforts, with $250,000 immediately donated to the American Red Cross. Today’s announcement marks the donation of the remainder of the funds in the initial announcement.

In addition, GE Vernova employees who donate to relief organizations such as Operation Helo, the American Red Cross, Americares, CARE, St. Bernard Project, Team Rubicon and other participating relief organizations can register for a match with the GE Vernova Foundation’s Matching Gifts program, which supports employees’ personal philanthropy and charitable giving by providing a 1:1 match.

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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.

CAMBRIDGE, Mass. (February 11, 2025) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer Scott Strazik will present at two upcoming sell-side hosted conferences in Miami, Florida to discuss how the company is a uniquely positioned industry leader, delivering on growing demand and creating value for stakeholders.

Strazik will participate in a fireside chat at the Citi 2025 Global Industrial Tech & Mobility Conference on February 19, 2025, from 8:50 AM - 09:30 AM EST. The following day, February 20, he will participate in another fireside chat at the Barclays 42nd Annual Industrial Select Conference from 08:40 AM - 09:10 AM EST.

Both conference webcasts and replays will be available through GE Vernova’s Investor Relations website at https://www.gevernova.com/investors/events.

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.

Yesterday, GE Vernova released its 2024 Annual Report, our first Annual Report as an independent, publicly traded company. The report includes a letter to shareholders from our CEO Scott Strazik, and our 2024 10-K. We encourage you to review the materials on our website at gevernova.com/investors/annual-report.

GE Vernova today released its first annual report since becoming an independent company, detailing how 2024 was a foundational year as the company positions itself to serve in an unprecedented era of electric growth. With 75,000 employees around the globe, the company’s technology helps generate approximately 25% of the world’s electricity.