DUBLIN, IRELAND (September 8, 2025) – Electricity Supply Board (ESB) of Ireland and GE Vernova (NYSE: GEV) have announced a major life extension and modernization project for the Dublin Bay power plant, aimed at enhancing performance, reliability, increasing output, and supporting Ireland’s energy transition goals in line with ESB’s Net Zero by 2040 carbon emissions strategy.

Under a new contractual service agreement, GE Vernova will implement its GT26 High Efficiency (HE) upgrade along with its SEMIPOL^TM technology for Static Excitation Equipment (SEE) and Startup Frequency Converter (SFC). This life extension project is expected to be completed in 2026.

Commissioned in 2002, the Dublin Bay facility currently generates up to 415 Megawatts (MW) using a single -shaft GT26 gas turbine.

The major life extension project is expected to deliver:

·       Up to 30 MW of additional power, which is the power needed to supply the equivalent of approximately approximately 30,000 Irish homes annually

·       Efficiency gains of up to 1.8% at baseload, leading to 5% carbon dioxide (CO2) reduction

·       Improved grid stability through advanced excitation and frequency conversion systems

·       Lower carbon intensity, supporting ESB’s decarbonization strategy and enabling future use of hydrogen fuel blends.

“Although Dublin Bay is already one of our most efficient plants, we saw an opportunity in having an even more important role in delivering our Net Zero carbon emissions strategy by further enhancing its performance, reliability and sustainability.” said Arkadiusz Galant, Dublin Stations Manager, ESB. “Our life extension project in 2026 will help us to deliver more power allowing us to provide electricity for Irish households over the next decade while being more efficient with lower emissions and enabling possible future hydrogen blends.”

“This project builds on our long-standing partnership with ESB,” said Joseph Anis, President and CEO of GE Vernova's Gas Power business in Europe, Middle East, and Africa “The GT26 HE upgrade and SEMIPOL™ technologies will not only increase output and efficiency but also provide the flexibility and reliability needed to support Ireland’s evolving energy landscape.”

About the GT26 HE Upgrade
Introduced in 2019 to support the utilization and competitiveness of the GT26 gas turbine, this upgrade integrates advanced technology from GE Vernova’s F and H class fleets, including additive manufactured parts and innovations in aerodynamics, materials and combustion. The performance improvement that the HE solution can deliver is attributable to technology breakthroughs across every major component of the GT26 gas turbine - turbine, compressor and combustor - that helps decrease fuel costs while increasing full-load output and extend maintenance intervals.

Located mostly in Europe, Middle East, Latin America and Asia, the GT26 gas turbine fleet of more than 100 units delivers an approximate total of 37 gigawatt of power capacity and can combust up to 40 percent of hydrogen with natural gas.

About SEMIPOL™ Static Excitation and Startup frequency converter technology
The Power Conversion & Storage business works with customers in utilities and industries that benefit from power stability solutions.  The combination of SEMIPOL™ SEE and SFC conversion systems are crucial for generator startups in gas power plants, synchronizing the generator on the grid, and managing the effects of grid power and frequency variation. This allows for smooth startups and helps to reduce mechanical stress, extend equipment life, and lower maintenance cost.  It has an installed base of over 1,000 SEE & SFC systems.

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Notes to editors

Financial Editors:  Please note this order was booked in the first quarter of 2025.

To learn more on the upgrade: https://vernova.is/4gjsCjI

About ESB
ESB was established in 1927 as a statutory body under the Electricity (Supply) Act, 1927. With a holding of 97.1%, ESB is majority owned by the Irish Government. The remaining 2.9% is held by the trustees of an Employee Share Ownership Plan. As a strong, diversified utility, ESB operates across the electricity market, from generation through transmission and distribution, to supply of customers in addition to using our networks to carry fibre for telecommunications. ESB is the leading Irish utility with a regulated asset base of approximately €14 billion (comprising ESB Networks €11bn and NIE Networks €3bn), a 25% share of generation in the all-island market and retail businesses supplying electricity and gas to almost 1.9 million customer accounts throughout the island of Ireland and Great Britain. During the year ended 31 December 2024, ESB Group employed an average of 9,600 people. 
Visit esb.ie to learn more about ESB.

In Lahore, Pakistan, there is a seven-year-old girl with an amateur interest in gas turbine maintenance. Over the past few months, Waqas Ahmad, a senior customer portfolio manager at GE Vernova, has given his curious daughter a layman’s introduction to heavy-duty turbine inspections.

The AI data center boom is now a big and freewheeling American business story. According to the U.S. Energy Information Administration, this quickly emerging industrial demand for power will help drive U.S. electricity generation to all-time highs not just this year but next year as well.

ATLANTA (July 22, 2025) - GE Vernova Inc. (NYSE: GEV) and Crusoe, the industry’s first vertically integrated AI infrastructure provider, today announced a significant deal to deliver 29 units of GE Vernova’s breakthrough LM2500XPRESS aeroderivative gas turbine packages to Crusoe AI data centers.

The announced order of 19 units, booked in June 2025, builds on the first series of 10 units Crusoe ordered in December 2024, and combined, is expected to provide nearly 1GW of electricity. These orders highlight GE Vernova’s ability to provide flexible and efficient power to energy intense data centers supporting AI applications.

"AI's exponential growth demands rapidly deployable power solutions. Crusoe’s capabilities as an energy-first digital infrastructure builder have positioned us well to take the issue of power into our own hands by rapidly building and operating power plants alongside AI datacenters. With their flexible and efficient technology, GE Vernova power generation equipment was an ideal choice to enable power plant strategies across Crusoe’s growing datacenter development portfolio," said Cully Cavness, co-founder, president and COO of Crusoe. “We’re building AI factories at record speed, and GE Vernova’s technology is a key enabler, significantly accelerating the path to energization for our customers and partners.”

These aero units provide the flexibility and reliability of modern, efficient jet engines used by airlines around the world thousands of times per day. Just like the throttle of an airplane, these units can ramp up and down rapidly. The already low emissions from these units are further reduced by SCR technology. This technology removes emissions through a catalytic converter transforming nitrogen oxides into water vapor and nitrogen, producing 90% lower emissions than traditional gas or diesel-powered reciprocating engines with little to no methane slip.

“This project clearly illustrates our ability to provide the right solutions for data centers and power applications of all sizes and scales,” said Pablo Koziner, GE Vernova’s Chief Commercial and Operations Officer. “From a single aero unit producing ~35 megawatts to this 29-unit project, to our industry leading HA heavy duty gas turbines to small modular nuclear reactors, we have the full suite of generation options to help meet today’s and tomorrow’s energy needs.”

LM2500XPRESS units

The LM2500XPRESS units are engineered for swift and straightforward site installation, with 95 percent factory assembly into simplified modules. A single 35-megawatt LM2500XPRESS aero unit has a higher power density, reliability and availability when compared to other technologies in prime or standby applications and the capacity to offer savings on real estate, switchgear, transformers, and overall site footprint. Each of GE Vernova’s LM2500XPRESS, dual fuel, power packages is comprised of a LM2500* aeroderivative gas turbine, gas compressor, and emissions control system, and is capable of starting independent of the power grid with five-minute fast start capability.

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Notes to editors

* Trademark of GE Vernova and/or its affiliates

Financial editors: the order of 19 aeroderivative gas turbines was booked in the second quarter of 2025. The order for the first series of 10 units was booked in December 2024.

Over next two years company creating approximately 700 new jobs across multiple factories

and investing up to $100 million in Pennsylvania

Cambridge, MA (July 15, 2025) – As energy demand continues to surge, GE Vernova (NYSE: GEV) plans to add 250 new jobs over the next two years at the company’s leading grid solutions factory in Charleroi, PA.

The new roles will help manufacture more high voltage switchgear products, which are critical components for stable and reliable operation of the nation’s electrical grids.

GE Vernova now plans to invest up to $100 million in Pennsylvania over the next two years, adding approximately 700 new jobs across multiple factories in the state that will help modernize the grid for economic growth, strengthen domestic supply chains, and boost national security.

This new Charleroi factory expansion builds on the company’s $600 million multi-year investment announced in January, originally expected to create a total of 1,500 new jobs across numerous U.S. factories.

“Powering the grid is at the core of powering America’s economy,” said Scott Strazik, CEO of GE Vernova. “These new jobs and investment reflect our ongoing commitment to not only building critical grid infrastructure with American workers, but reindustrializing Pennsylvania’s proud manufacturing legacy. They will also help strengthen our domestic supply chain, improve national security, and boost global competitiveness by closing a crucial gap.”

“We are investing in Charleroi and our advanced grid technology because it complements the investments we've made in power generation,” Strazik continued. “For the US to lead in energy, manufacturing critical domestic grid infrastructure is just as important generation.”

In addition to the new investment in its Charleroi facility, GE Vernova also announced it has secured a full order to provide seven of its high efficiency 7HA.02 natural gas turbines to the Homer City Energy Campus. The facility, once the largest coal plant in Pennsylvania, will provide up to 4.4GW of electricity to power what will become a more than 3,200-acre natural gas-powered data center campus, designed to meet the growing artificial intelligence (AI) and high-performance computing (HPC) needs of the innovative technology companies shaping America’s digital future. The Homer City Energy Campus is expected to be completed in 2027. ***

“The Homer City project shows what smart energy investments can achieve — delivering more reliable, affordable power for all, creating thousands of skilled jobs, and positioning Pennsylvania to help lead the next era of AI,” Strazik added.

The approximately $100 million of new investments in Pennsylvania over the next two years are part of a larger $9 billion cumulative global capex and R&D investment plan through 2028 that was announced at the company’s Investor Update in December 2024.

Currently GE Vernova’s technology helps produce more than half of the power in the United States, and the company has more than 18,000 workers across 50 states and 18 U.S. manufacturing facilities. 

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***For financial editors: the seven 7HA.02 gas turbines were announced as slot reservation agreements on April 2, 2025. These units have since moved to a secured order in 3Q25.

TAIWAN (July 7, 2025) – GE Vernova Inc. (NYSE: GEV) announced that the first of three blocks of Taiwan Power Company Nan Bu Construction Organization (TPC NPCO)’s Hsinta power plant, powered by GE Vernova 7HA.03 combined cycle equipment, started to operate and officially dispatch up to 1,3 gigawatt of electricity to Taiwan’s energy grid.

The new generating unit paves the way to a gradual replacement of the coal-fired units present at Hsinta site. The H-class blocks of this plant are expected to reduce the older coal units’ emissions by 60%.

TPC NPCO Director Chi-Hsiang Huang said: “Our Hsinta Power Plant in Kaohsiung is a key facility in Taiwan's energy transition, and in line with Taiwan’s Renewable Energy Development Act (REDA) energy policy centered around transitioning from nuclear power and reducing reliance on coal fuels. Our trusted and long-standing relationship with GE Vernova has been instrumental in achieving the successful commissioning of the first block, while bringing up to 1,3 gigawatts (GW) of less carbon-emitting power to our customers through.”

Hsinta power plant includes two further blocks, which are expected to start operation in phases across 2025 and 2026, bringing the combined power capacity of the plant up to nearly 4 GW, a capacity expected to provide reliable electricity to Taiwanese households and industries.

GE Vernova worked together in consortium with a local company, CTCI Corporation, to engineer, construct, and commission the first combined cycle block. Each block of the plant features two high efficiency GE Vernova 7HA.03 gas turbines with H65 hydrogen cooled generators, two Heat Recovery Steam Generators (HRSG), one GE Vernova STF-D650 steam turbine with H65 hydrogen cooled generator, and other equipment.

Ramesh Singaram, President and CEO, Asia of GE Vernova's Gas Power said: “Our latest gas turbine technology, the 7HA.03, is replacing aged coal-fired units with more efficient and flexible gas-fired combined cycle units, marking a significant step in Taiwan’s carbon emission reduction process. We are committed to support Taiwan’s power development and economic growth, helping to drastically reduce current coal power generation and to achieve up to 50% of the energy mix sourced from natural gas by 2025. TPC evaluated our HA combined cycle equipment as the best technology balancing effectively power output, efficiency, flexibility and maintainability.”

GE Vernova’s innovative block-size plant features a modular standard configuration that is simpler and more cost-effective to install, control and maintain to help a faster project execution. Thanks to its flexibility, meaning the ability to start up quickly and adjust the volume of energy produced, the new plant can help meet electricity demands and assist in stabilizing the power grid in Taiwan and improving the use of variable energy production from renewable sources.

In addition, to further advance the reduction of carbon emissions when utilizing gas power, GE Vernova 7HA.03 gas turbine currently has the capability to burn up to 50% by volume of hydrogen when blended with natural gas.

Since 1961, GE Vernova has played a significant role in supporting Taiwan's energy and infrastructure development. By 2026, gas power plants powered by GE Vernova’s assets are projected to exceed 10 GW, generating reliable capacity equal to power the equivalent of approximately more than 23 million homes in Taiwan.

Everyone loves a vacation. But that’s the problem: The world’s holiday destinations are bursting at the seams with visitors. Workers at the Louvre in Paris recently went on strike, saying they were suffering from exhaustion.

Puerto Rico (June 30, 2025) — GE Vernova (NYSE: GEV) announced it has secured an order for six of its LM2500XPRESS* aeroderivative gas turbine packages from the Puerto Rican Equipment Procurement and Construction company RG Engineering (RGE) to help bring fast and reliable power in Puerto Rico. The six units are expected to modernize the Puerto Rico Electric Power Authority (PREPA) power plants at Daguao, Jobos, and Yabucoa managed by the private operator Genera PR (Genera).

Puerto Rico’s energy challenges stem from natural disasters with Hurricanes Maria in 2017 and Fiona in 2022 which significantly weakened the island’s power grid. The six new units are estimated to provide approximately 244 megawatts (MW) in total with the goal to ensure a more robust energy system for the island, support possible peak summer demand and provide emergency power.

In addition, flexible and highly efficient natural gas fired plants can help Puerto Rico to increase its energy security while continuing to expand its development of renewable energy resources, including solar and wind. Under the 2019 Puerto Rico Energy Public Policy Act, Puerto Rico set an ambiton to obtain 60% of its electricity supply from renewable resources by 2040, and 100% by 2050” (EIA).

“These plants are being equipped with new, more efficient generation units, as part of a larger project to replace older, less efficient equipment,” said Winnie Irizarry, President & CEO at Genera PR.  “This renewal is part of a larger initiative to modernize Puerto Rico's power grid, focusing on improving generation capacity and reliability to ultimately strengthen electrical availability during high demand peaks and improve the quality of life for the Puerto Rican people.  With GE Vernova’s aeroderivative solutions, we can feed in electricity quickly and flexibly at the request of the transmission grid operator and thus help to stabilize the grid in the island.”

Each of GE’ Vernova’s LM2500XPRESS power packages is comprised of a GE Vernova LM2500 aeroderivative gas turbine modular package and an emissions control system.  With the capability to start in 5 minutes or even less from cold iron, these units derived from the aviation industry can perform daily starts and stops without impacting its maintenance cycles or costs and can help a better integration and compensation of renewable energy sources.

“GE Vernova is honored to support Puerto Rico with our advanced Aeroderivative gas turbine technology to modernize their electric grid while increasing its capacity to meet growing demands”, said Dave Ross, CEO of GE Vernova’s Gas Power business in the Americas region. “Our LM2500XPRESS aeroderivative gas turbines are very responsive and a great fit to help improve the reliability of PR’s electrical system while allowing the integration of additional renewable generation.  We are excited to help support Genera PR and PREPA as it makes an important contribution towards the security of the power supply in Puerto Rico.”

GE Vernova’s LM2500XPRESS

GE Vernova’s LM2500XPRESS power plant is 95 percent factory assembled into simplified modules and provides a “plug and play” concept that is ideal to bring fast power to the grid, when needed.

For plant operators who need power in just weeks, the LM2500XPRESS can be installed quickly and offers the ability to ramp up from cold iron to base load within five minutes. Its plug and play nature can provide flexible power where it is needed quickly and efficiently. It’s available in both simple and combined cycle configurations, for 50 and 60 Hz utility providers. In simple cycle configuration, it delivers up to 34 MW and achieves up to 39.5 percent of efficiency. In a combined cycle configuration, it delivers up to 47 MW with up to 54.4 percent of efficiency.

The compact LM2500XPRESS units for this project will be assembled at GE Vernova Gas Power’s Manufacturing Excellence Center in Verésegyhaz, Hungary.

END

Notes to editors

For Financial editors: this order was booked in the second quarter in 2025.

TOKYO, JAPAN – CAMBRIDGE, MA (June 23, 2025) – IHI Corporation (IHI) and GE Vernova Inc. (GEV) announced today the completion of a new Large-scale Combustion Test facility (LCT) at IHI’s Aioi Works facility in Hyogo, Japan.

This facility is expected to play a crucial role in advancing the capabilities of next-generation combustion technologies using ammonia, a derivative from hydrogen, which is carbon-free, and when combusted the gas turbine would not emit any net CO₂ emissions. The new test facility is engineered to test advanced combustion systems at GE Vernova’s F-class gas turbine operating conditions, including pressure, temperature, and both air and fuel flow rates.

“This milestone marks a significant step forward in the joint technology roadmap sealed with a Joint Development Agreement in 2024 aiming to lead to a 100% ammonia capable combustion system by 2030” said Kensuke Yamamoto, IHI Executive Officer, VP of Business Development Division and GM of Ammonia Value Chain Project Department. “IHI has developed a 100% ammonia firing gas turbine IM270 (output 2MW) and will level the technology to develop large-scale combustion technology. IHI’s combustor development role lies this new flagship test facility, which will be a crucial hub for IHI’s and GE Vernova’s project. The establishment of the LCT underscores IHI’s and GE Vernova’s commitment to driving innovation in more sustainable energy solutions, with ammonia as a promising fuel for future power generation.”

Starting in the summer of 2025, IHI plans to conduct rigorous combustion tests using full scale prototype combustors operating on 100% ammonia, aiming to develop a commercially viable gas turbine by 2030. The collaboration between the two companies includes synergies across IHI ammonia combustion expertise and GE Vernova global technical teams, and shared best practices developed at GE Vernova’s advanced combustion test facility in Greenville, South Carolina, USA.

“This announcement signals a shift from initial studies on the ammonia value chain to the practical implementation of technologies and engineering projects, aiming to decarbonize power generation by using ammonia as a fuel,” said Jeffrey Goldmeer, GE Vernova Senior Director, Technology Strategy. “This marks a new phase of collaboration between GE Vernova and IHI, with the goal of developing decarbonization pathways that safeguard existing power generation investments.”

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Notes to editors
Decarbonization as used in this article is intended to mean the reduction of carbon emissions on a kilogram per megawatt hour basis.

Ammonia is utilized today in industrial applications such as fertilizer, chemical raw material. When used as a carrier for hydrogen, ammonia enables an efficient, lower-cost transport and storage. In addition, ammonia is expected to be utilized directly in power generation as a carbon-free fuel, since ammonia contains no carbon, it does not emit carbon dioxide when burned and may therefore enhance the power sector’s efforts in reducing carbon emissions.

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 IHI and GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services 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 companies’ business operations, financial results and financial position and on the global supply chain and world economy.

About IHI
IHI is dedicated to creating Value Chains that generate new value for customers, originating from the establishment of Japan’s first modern shipyard in 1853. It leveraged its shipbuilding technology to expand into onshore machinery, bridge, plant, aero-engine, and other manufacturing fields. IHI has provided an array of solutions in recent years. These are principally in the Resource, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense business segments. In power generation, the Company manufactures boilers and gas turbines for thermal power plants. It is developing technology for ammonia firing and is constructing carbon-free fuel ammonia supply chain to help decarbonize the economy. Click below for more information about IHI: https://www.ihi.co.jp/en/

LONDON, United Kingdom (June 5, 2025) – GE Vernova (NYSE: GEV) today announced that Uniper signed a contractual service agreement to upgrade three GT26 gas turbine units powering Uniper’s Grain power station in Kent, UK. This GT26 High Efficiency (HE) upgrade is expected to increase efficiency and the power output, while supporting Uniper’s ambition to decarbonise its fleet by reducing carbon intensity (CO₂ emissions per MW) at the plant.

“Increasing efficiency and the ability to maintain high availability, while lowering operational, and maintenance costs, is crucial for the long-term success of Grain power station,” said Bill Cliff, Uniper power station manager Enfield, Grain and Taylors Lane. “We worked with GE Vernova on the validation of GE Vernova’s GT26 HE upgrade at our Enfield power station, so we already had experience of this technology. Investment in our assets to reduce their carbon intensity, increase capacity and maintain reliability for security of supply is key for both Grain and Enfield power stations.”

At Enfield, the modernisation project improved performance and extended the maintenance interval of the combined cycle gas turbine. GE Vernova’s prior testing on the GT26 HE technology indicated increases in plant output approximately 25 megawatts (MW) per unit, a 1 percent increased efficiency in part load and a 1.8 percent increase in baseload efficiency, worth up to $1 million fuel savings per unit per year, and maintenance intervals extended up to 32,000 hours.

“For years, GE Vernova and Uniper have worked together to build and maintain power plants, using leading technologies and this upgrade marks another example of our successful cooperation,” said Joseph Anis, President and CEO of GE Vernova's Gas Power business in Europe, Middle East, and Africa. “This upgrade is expected to revitalise Uniper’s Grain power plant and to increase its reliability and availability in the Great Britain generation landscape, supporting its long-term profitability and viability. GE Vernova is well-positioned to provide services and upgrade solutions as customers continue to invest in their fleets to meet rising electricity demand and improve performance.”

GT26 HE Upgrade at a glance
The GT26 HE upgrade includes additive manufactured parts, and innovations in material science and combustion and combines the best from both GE Vernova’s F- and H-Class fleets.

As of end of March 2025, the GT26 HE fleet has achieved more than 100,000 operating hours. With 15 units sold and 8 units in operation, this significant achievement reflects the GT26 HE upgrade’s remarkable performance and reliability.

Key performance benefits[1] include:

Higher efficiency for combined-cycle power plants:

• Approximately 2 percent base load increased efficiency,
• Up to 1 percent increased efficiency in part load
• Increased plant output from 15 up to 55 MW per unit, improving revenue.

[1] Indicative values based on:

• Rating GT26 2006 configuration
• 6,500 yearly operating hours
• 4,000 full load hours yearly.

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Notes to editors

Financial Editors: Please note this order was booked in the first quarter of 2025.
To learn more on the upgrade: https://www.gevernova.com/gas-power/services/gas-turbines/gt26-service-solutions/high-efficiency

About Uniper
Düsseldorf-based Uniper is a European energy company with global reach and activities in more than 40 countries. With around 7,500 employees, the company makes an important contribution to security of supply in Europe, particularly in its core markets of Germany, the UK, Sweden, and the Netherlands. Uniper’s operations include power generation in Europe, global energy trading, and a broad gas portfolio. Uniper procures gas – including liquefied natural gas (LNG) – and other energy sources on global markets. The company owns and operates gas storage facilities with a total capacity of more than 7 billion cubic meters.   

Uniper aims to be carbon-neutral by 2040. To achieve this, the company is transforming its power plants and facilities and investing in flexible, dispatchable power generation units. Uniper is one of Europe’s largest operators of hydropower plants and is helping further expand solar and wind power, which are essential for a more sustainable and secure future. Uniper is gradually adding renewable and low-carbon gases such as biomethane to its gas portfolio and is developing a hydrogen portfolio with the aim of a long-term transition. The company plans to offset any remaining CO₂ emissions by high-quality CO₂-offsets.   

Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply. 

In the UK, Uniper owns and operates a flexible generation portfolio of power stations, a fast-cycle gas storage facility and two high pressure gas pipelines, from Theddlethorpe to Killingholme and from Blyborough to Cottam. We also have significant long-term regasification capacity at the Grain LNG terminal in Kent, to convert LNG back to natural gas. https://www.uniper.energy/