With net zero deadlines inching closer, the United Kingdom is in a race to ensure it has the capacity to generate enough electricity to keep the lights on throughout the country — while meeting its own legally binding mandates for carbon reductions.

CAMBRIDGE, Mass. (October 8, 2024) – Responding to the devastation left by Hurricane Helene across the southeastern United States, today the GE Vernova Foundation announced a donation of $500,000 to support disaster relief efforts. The donation includes $250,000 to the American Red Cross to support immediate response efforts, and another $250,000 to be deployed as affected communities begin to rebuild.

“No one should face this challenging time alone, and we are honored to support the American Red Cross in their efforts to provide aid to those in need and begin the road to recovery,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “The region impacted by Hurricane Helene is home to thousands of GE Vernova employees and their families, and our hearts are with them and all of those in need after the storm.”

The American Red Cross has launched a massive response in the region, including sending more than 2,000 Red Cross disaster responders and 60 emergency response vehicles, and managing shelters where residents can get hot meals and emotional support.

“Thanks to GE Vernova Foundation’s generous donation, the American Red Cross, alongside our partners, is able to support families who experienced the heartbreaking devastation from Hurricane Helene,” said Anne McKeough, Chief Development Officer at the American Red Cross. “We are grateful for partners like GE Vernova Foundation as we work together to provide comfort and hope to people when they need it most.”

In addition, GE Vernova employees who donate to relief organizations such as the American Red Cross, Americares, CARE, St. Bernard Project, Team Rubicon and other participating 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 the 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. As the Foundation grows, its strategic philanthropic strategy and programs will focus 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 American Red Cross
The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies about 40 percent of the nation's blood; teaches skills that save lives; provides international humanitarian aid; and supports military members and their families. The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to perform its mission. For more information, please visit redcross.org or cruzrojaamericana.org, or visit us on Twitter at @RedCross.

Humans by nature are resource maximizers. Doing more with less — the essence of efficiency — is one of our oldest games. The economist Adam Smith thought deeply about the matter, which is why he is credited with devising the division of labor: the insight that better organizing factory worker tasks, rather than hiring more workers, is just as effective. But efficiency, which is a ratio, must be correctly understood.

CAMBRIDGE, Mass. (October 7, 2024) – GE Vernova Inc. (NYSE: GEV) is scheduled to release its third quarter 2024 financial results on Wednesday, October 23, 2024, before market open. GE Vernova CEO Scott Strazik and GE Vernova 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-2024-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 https://www.gevernova.com/investors/events.

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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.

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. 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.

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.

30 de setembro de 2024 - A GE Vernova, em atendimento à Lei 14.611/23, apresenta os Relatórios de Transparência e Igualdade Salarial de Mulheres e Homens elaborados pelo Ministério do Trabalho e Emprego (M.T.E.), relativo ao 2º semestre de 2024.

Confira o documento disponível para download no link ao lado.
 

Johannesburg, South Africa (September 27, 2024) - Next Engineers, a global college-and career-readiness programme working to increase the diversity of young people in engineering, celebrated the graduation of its first-ever Engineering Academy learners in Johannesburg, South Africa on Friday, September 27. The graduation ceremony marked the programme’s 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 37 learners from 15 high schools across Johannesburg who completed the programme, many of whom plan to study towards an engineering-related qualification at university or technical higher learning institutions, were joined by their families at University of Witwatersrand, Sturrock Park Sports Hall, to celebrate their achievements. Launched in 2022, PROTEC, University of Witwatersrand, and Kutitiva Foundation are the educational partners for the local Next Engineers programme, and local GE Vernova engineers and employees actively engage with Academy participants through hands-on, skill-based volunteering.

“We are proud to see our first cohort of learners graduating and wish them all a successful learning trajectory in the next stage of their education journey,” said Matsi Eseu, South Africa HR Director for GE Vernova. “At GE Vernova, we believe education is a significant driver of economic inclusion and it’s inspiring to see the positive impact the Next Engineers programme is having, not just in empowering tomorrow’s engineers who will solve society’s most pressing challenges but also in increasing the diversity of young people, particularly females, in the engineering sector. We extend our gratitude to all those involved in the Engineering Academy.”

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.

Balan Moodley, CEO of PROTEC, said, "I extend my heartfelt congratulations to each and every graduate in this programme. Their commitment and hard work inspire 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 Johannesburg 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 learners aged 15 to 18. Through a rigorous curriculum, immersive design challenges, and career coaching, participants learn to think and act like engineers.

Key programme highlights:

• Dedication: The Engineering Academy spans three years, with learners dedicating 220 hours outside of regular school hours to participate.
• Design challenges: In small teams, learners tackle increasingly complex design challenges, mastering the engineering design process.
• Foundational skills: Beyond technical knowledge, learners develop essential skills such as communication, teamwork, persistence, time management, and presentation abilities.
• Education and career exploration: Workshops and activities prepare learners for their next steps, including university campus tours and interactions with company volunteers.
• Scholarships: Learners 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 learners worldwide.

Johannesburg, South Africa, was among the first four locations to launch Next Engineers, with a $2.5 million (R44.6 million) investment from the GE Foundation in 2021. To date, Next Engineers, which also includes programming for learners in grades 8-12, has reached more than 3,500 learners across Johannesburg.

STEM training and education, such as Next Engineers, is helping to solve global challenges while also lifting up communities through economic opportunities. Next Engineers is not the only way GE Vernova in South Africa has committed to supporting the next generation of STEM talent. GE Vernova’s South Africa External Bursary Programme has offered comprehensive bursaries to the tune of $5.4 million (R95.6 million) to support over 648 beneficiaries pursuing a Bachelor of Science, Commerce or Arts qualification from 2020 to date. The bursaries are aimed at alleviating the financial strain of tertiary students and covers the tuition, accommodation, textbook costs, and a monthly stipend over the period of study.

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 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 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, Facebook, LinkedIn and Instagram.

On Monday, Sept. 23, at Climate Week and UN General Assembly, hosted by Axios House New York City, GE Vernova CEO Scott Strazik told the gathered crowd that a new phase of rising global demand for power has begun. “We’re clearly in an up cycle of demand,” he said. “And that, frankly, only increases the burden of responsibility — yet also the opportunity for us, as a system — to fix this.” Also in attendance were U.S. Energy Secretary Jennifer M. Granholm, Rockefeller Foundation President Rajiv J.

Earlier this week, GE Vernova released its 2023 Sustainability Report, our inaugural Sustainability Report as an independent, publicly traded company. We encourage you to review the materials on GE Vernova’s dedicated Sustainability website.

In the report, you will find:

GE Vernova now has nearly six months under its belt as a standalone purpose-built energy technology company. Nimbler and with a new stock listing and management team, the Cambridge, Massachusetts–based company is only getting started, unfurling its sails and setting a course all its own.

CAMBRIDGE, Mass. (September 18, 2024) – GE Vernova Inc. (NYSE: GEV) today released its first-ever sustainability report as a stand-alone company, detailing how it is making progress on its mission to electrify and decarbonize the world. The report explains GE Vernova’s innovative approach to sustainability and outlines ambitious goals built around a four-pillar framework – Electrify, Decarbonize, Conserve, and Thrive. The report also offers an overview of GE Vernova’s broad portfolio of energy solutions across Power, Wind, and Electrification segments, as well as its Accelerator businesses.

“GE Vernova’s purpose and mission to electrify and decarbonize the world has never been clearer or more urgent,” said Scott Strazik, CEO of GE Vernova. “Sustainability is at our core as a company and as a team. We see incredible opportunities for our sustainability framework to create economic value, growth, and performance while at the same time serving the world.”

Some key highlights from the four-pillar sustainability framework include:

• Electrify:
  • As a company whose technology base helps generate approximately 25 percent of the world’s electricity, the company brought online an additional 29 GW of generating capacity in 2023, roughly equivalent to the total installed generating capacity of Massachusetts, Connecticut and Rhode Island combined, with 42% in emerging economies.
  • Energized 64 GW of new power transformers, enabling new transmission capacity roughly equivalent to the installed generating capacity of Thailand.
• Decarbonize:
  • Introduced for the first time, metrics to demonstrate near term progress on improving the trajectory of carbon intensity. These metrics include avoiding approximately 20 million metric tons of CO₂ emissions in first full year of operation from generating capacity brought online last year by using lower-carbon technology[i]. This is roughly equivalent to taking 4.8 million gasoline-powered passenger vehicles off the road for one year.
  • Updated the company’s progress toward its 2050 net zero ambition and its efforts on four breakthrough technologies - hydrogen, carbon capture, direct air capture, and small modular reactors - aiming to be brought into service by the early 2030s. The report also highlights GE Vernova’s more than 150 current Research and Development projects, with over 420 technology collaborators and 84 programs either funded by or in collaboration with the U.S. Department of Energy.
• Conserve:
  • Reduced Scope 1 and 2 (market-based) emissions by 39% through its own operations achieved by implementing energy efficiency projects at the site level and renewable energy purchases.
  • Introduced circularity approach, centered around our 4R circularity framework (rethink, reduce, reuse, and recycle), which accounts for the full product life-cycle phases of our products, with a goal to have 90% of its top products covered under Framework by 2030.
• Thrive:
  • Conducted more than 600 total global audits, approving approximately 580 suppliers following its Supplier Responsibility Governance (SRG) program, which assesses a potential supplier’s practices regarding ethics, compliance, sustainability, human rights, and EHS issues.
  • Donated over 20,000 GE Vernova employee volunteer hours, with more than 1,300 global non/profits supported. In addition, the Next Engineers program successfully facilitated over 7,500 student engagements across cities across the world including, South Carolina, U.S.; Johannesburg, South Africa; and Staffordshire, UK.

The new report expands on the company’s sustainability efforts and its approach to sustainability operations through a new management system called “Control Room.” Modeled after the complex nerve centers that manage the world’s most complex machine, electrical grids, this sustainability management system builds on a rigorous corporate DNA of lean, governance, impact assessments, and sustainability education, all targeting goals aligned to the United Nations Sustainable Development Goals (UN SDGs).

“We recognized that we needed to build a new, modern sustainability program for a new, modern sustainability company.” said Roger Martella, GE Vernova’s Chief Sustainability Officer and head of Global Policy. “Our new Control Room encompasses our comprehensive approach to sustainability, including our Sustainability Framework, guiding principles, stakeholder engagement, and employs Lean to accelerate and sustain higher levels of performance through continuous improvement.”

Along with the company’s approach to sustainability, the new report offers a comprehensive overview of GE Vernova, its three business segments and accelerators:

GE Vernova

• ~25% of the world's electricity is generated with the help of GE Vernova's technology base (as of June 2024)
• ~75,000 global employees in 100+ countries
• 2,324 GW global installed base across our Power and Wind segments in 2023
• ~$1 billion invested each year in R&D, focused on decarbonization and electrification
• $33 billion 2023 revenue

Power

Businesses: Gas Power, Hydro Power, Steam Power, Nuclear

• ~7,000 gas turbines installed – the world’s largest fleet
• Over 2.5 million total operating hours by our HA gas turbine technology (as of July 2024)
• First commercial contract for a small nuclear modular reactor in North America signed in 2023
• ~$17 billion 2023 revenue

Wind

Businesses: Onshore Wind, Offshore Wind, LM Wind Power

• ~55,000 wind turbines installed in 50+ countries
• 117+ GW global installed generating capacity
• #1 U.S. onshore wind turbine installs for the fifth year in a row[ii]
• ~$10 billion 2023 revenue

Electrification

Businesses: Grid Solutions, Electrification Software, Power Conversion, Solar & Storage Solutions

• 90% of global power transmission utilities have been equipped with GE Vernova technologies
• 30% of the world’s utilities are served by our software
• 40,000 m³ (on average) of methane emissions avoided per year from our advanced centrifugal compressor technology
• ~$6 billion 2023 revenue

Accelerators

Businesses: Advanced Research, Consulting Services, Financial Services

• 420+ technology partners
• 8.5 million operating hours from our hydrogen fueled gas turbines through 2023
• $4 billion+ orders for GE Vernova technologies enabled by Financial Services in 2023

For more information, please visit gevernova.com/sustainability and read the full Sustainability Report.

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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. 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.

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.