ABIDJAN, Côte d’Ivoire (October 20, 2026) - GE Vernova announced today that it will provide the gas power technology for the new Songon combined-cycle power plant, located in the Songon region near Abidjan, Côte d’Ivoire. Following the signing of financing agreements last June, Songon Energies - Ivorian development investment company focused on advancing energy infrastructure – selected GE Vernova to supply a 9E gas turbine and generator. The plant – to be built by the EPC contractor China Energy International Engineering Co., Ltd. - is expected to deliver 372 megawatts (MW), a capacity equal to the power needs of approximately 5 million Ivorian homes.

Supporting a growing national energy landscape. Côte d’Ivoire has made significant progress, reaching an electrification rate of 94.3 percent by 2024 through initiatives like the “Electricity for All Program” (PEPT), in line with the national goal to achieve universal electrification and improved power quality by 2030. Despite these gains, the nation faces an annual demand growth rate of 10 to 15 percent and rural areas still require expanded access. In this energy landscape, this new power plant will help fill a critical gap. The facility is projected to represent up to 12 percent of the country’s total installed base upon its scheduled 2029 operational launch, playing a vital role in meeting these ambitious development targets. Furthermore, the project is expected to generate up to 1,400 new jobs, creating economic opportunities for the local community.

"The Songon Energies project is designed to strengthen energy security and support future growing electricity demand growth in the Greater Abidjan region while reinforcing the country's position as a regional energy hub in West Africa," said Mr. Wang Xiaoming, Deputy General Manager (Acting CEO) for Songon Energies. “The facility is expected to ease energy pressure on the Abidjan metropolitan area, providing a reliable foundation for the development of skilled workers, the growth of industrial zones, the expansion of small and medium-sized enterprises, and a tangible improvement in the daily lives of millions of Ivorian households. We selected to work with GE Vernova for this new power plant, because of our deep trust in their efficient technology and their constant, proven presence in Côte d'Ivoire, which gives us great confidence in the long-term success of this facility."

“We are honored to support Songon Energies with our proven 9E technology for this crucial infrastructure project," said Joseph Anis, CEO of Gas Power in Europe, Middle East, and Africa at GE Vernova. "Our commitment to power plant operators is rooted in delivering advanced gas power technology that provides the reliable, dispatchable energy necessary for long-term growth and positive community impact. Beyond the turbine island, we look forward to applying our expertise in powering the HV sub-station, providing digital software, and long-term services to support the broader energy system in its goal to enhance grid stability, operational efficiency, and local prosperity."

GE Vernova’s commitment to Côte d'Ivoire remains steadfast, built upon a long history of supporting the nation’s electrification goals. The company’s footprint in the country centers on a large installed base, key power transmission hardware, digital software deployments, and long-term service contracts. GE Vernova utilizes its global expertise and local presence to help power plant operators increase power capacity, while supporting a more secure and reliable energy future.

CAMBRIDGE, MA – October 5, 2026 – GE Vernova Inc. (NYSE: GEV) is proud to announce that several of its customers have received top honors in the 2026 POWER Awards, an annual program organized by POWER Magazine. These prestigious industry accolades recognize top performers in the electricity-generating industry with annual awards. These awards underscore the success of our collaboration in deploying cutting-edge gas, and decarbonization technologies to accelerate the global energy transition and support security of power supply.

• Nhon Trach 3&4: A Benchmark for Vietnam’s Energy Future. In Vietnam, the 1.6 GW Nhon Trach 3&4 Power Plant—equipped with GE Vernova’s advanced combined-cycle 9HA.02 gas turbines—was honored with the Plant of the Year Award and the Top Gas Plant Award. Owned and operated by PetroVietnam Power Corporation (PV Power), the facility is Vietnam’s first LNG-fired power plant. Achieving over 63% combined-cycle efficiency, the plant plays a cornerstone role in Vietnam’s Adjusted Power Development Plan VIII (PDP8) by providing the reliable, flexible capacity needed to integrate more renewables into the grid.
   

• Duke Energy DeBary: Leading the Way in Hydrogen Innovation. GE Vernova’s collaboration with Duke Energy at the DeBary facility in Florida has been recognized with the POWER Magazine Hydrogen Award. By performing combustion system retrofits on two of the facility's GE Vernova 7E.03 gas turbines, Duke Energy and GE Vernova have moved hydrogen from concept and pilot scale into real‑world grid operations, with DeBary recognized as a first‑of‑its‑kind achievement for the U.S. power sector: the nation’s first end‑to‑end system capable of producing, storing, and combusting 100% green hydrogen for commercial peaking power generation. This initiative serves as a model for how utilities can lower the carbon intensity of their existing generation assets while maintaining the reliable, dispatchable power necessary for a modern grid.
   

• Dominion Energy Parr Station: Writing the Next Chapter in a Century of Reinvention Dominion Energy’s Parr Station modernization has been honored with the prestigious POWER Magazine Reinvention Award, celebrating the transformation of a site with over 100 years of energy history into a high-performance, flexible power asset. By deploying GE Vernova’s LM6000VELOX* package solution, the project delivers the fast-start capability, black start support, and operational flexibility necessary to manage the variability of modern renewable resources. This modernization at Parr Station In South Carolina, successfully bridges a century of service with the demands of a sustainable energy future, providing the grid with the reliable, agile power it needs to evolve.

These awards underscore the versatility of GE Vernova’s portfolio and our ability to execute complex, high-impact projects globally. From supporting industrial growth in Southeast Asia to pioneering hydrogen-ready infrastructure and advanced generation and storage modernization in the United States, we are proud to provide the technology that helps our customers navigate the complex path toward a more sustainable, reliable, and flexible energy future.

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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.

*Trademark of GE Vernova and/or its affiliates.

CAIRO, EGYPT - (September 23, 2026) - GE Vernova Inc. (NYSE: GEV) announced today a services agreement to provide Rotor Life Extension (RLE) solutions for five GE Vernova 9F gas turbines at the Kureimat, Nubaria, and Cairo North power plants in Egypt. The agreement is with affiliates of the Egyptian Electricity Holding Company (EEHC) - Upper Egypt Electricity Production Company (UEEPC), Middle Delta Electricity Production Company (MDEPC), and Cairo Electricity Production Company (CEPC) - and was endorsed by EEHC.

Under the agreement, GE Vernova is expected to help extend the operating life of the five gas turbines - representing a total capacity of approximately 1,250 MW - by 13 to 15 years. The relevant services will be executed between 2028 and 2035.  

The gas turbine rotor is a core component of the power plant that requires scheduled maintenance. This project supports the overall rotor lifecycle by utilizing GE Vernova’s expertise to determine the full residual life of components, aiming to ensure that they operate more efficiently and effectively.

This services agreement underscores the ongoing collaboration between GE Vernova, EEHC, and its generation company affiliates. By focusing on the long-term integrity of these important gas power assets, the initiative aims to bolster the reliability and efficiency of Egypt’s energy production.

“This agreement reflects EEHC’s continued focus on preserving the long-term performance and reliability of important generation assets across our fleet,” said Eng. Gaber El-Desouki, Chairman of the Board of Directors & CEO, Egyptian Electricity Holding Company (EEHC). “By working with GE Vernova and our generation companies, we are taking practical and proactive steps that can help protect strategic assets, support efficient and reliable power production, and contribute to Egypt’s broader electricity and energy objectives.” 

“Extending the life of these gas turbines across our generation companies is expected to support grid stability and the continued availability of dispatchable power, while helping us increase the value of existing infrastructure and avoid premature, capital-intensive replacement,” said Eng. Mahmoud Al-Naqeeb, Full-time Board Member for Electricity Production Companies Affairs. 

Egypt’s power sector is undergoing a significant transformation balancing the need to meet rapidly rising energy demand with an ambitious drive to enhance operational efficiency and integrate a growing share of renewable energy. Within this dynamic landscape, thermal power generation—primarily driven by combined-cycle gas turbines—continues to serve as the critical backbone of the nation's grid, currently accounting for approximately 80% of the country’s electricity production.

“As Egypt’s electricity needs continue to evolve, maintaining and modernizing existing gas power assets, such as those at Kureimat, Nubaria, and Cairo North, is essential to support reliability, improve fuel use, and strengthen energy system resilience,” said Joseph Anis, President & CEO, Europe, Middle East & Africa, GE Vernova’s Gas Power business. “This agreement reflects our continued commitment to working closely with EEHC, its affiliates, and other stakeholders in Egypt to support energy security through reliable and more efficient power generation. By helping extend the life of critical gas turbines, we aim to support our customers’ long-term operational priorities, optimize the value of existing infrastructure, and contribute to the continued development of Egypt’s power sector.”

The agreement builds on GE Vernova’s ongoing efforts to support the modernization and long-term performance of Egypt’s power generation fleet. In April 2026, GE Vernova announced an order from MDEPC to support modernization efforts at the Banha and Nubaria power plants, including Advanced Gas Path upgrades and multiyear services agreements. This initiative builds upon decades of cooperation with Egypt’s power sector, reinforcing GE Vernova's role in helping to meet the nation's evolving energy demands through advanced technology and lifecycle services.

For more than 50 years, GE Vernova’s businesses have supported Egypt’s electricity infrastructure through technologies and solutions, local talent development, and financing for projects across the power sector. Today, GE Vernova supports customers in Egypt across power generation, transmission, software, and services. GE Vernova’s installed base in Egypt includes more than 60 gas and steam turbines with a combined generating capacity of approximately 10 gigawatts.

Gerar energia confiável na floresta amazônica, um dos locais mais remotos do mundo, exige mais do que simplesmente erguer torres e painéis. A energia eólica e solar não produzem eletricidade 24 horas por dia, 7 dias por semana, então os operadores da rede elétrica precisam constantemente fazer ajustes para manter um fluxo de energia constante e estável. Superar esses desafios é exatamente o objetivo para o qual a nova usina termelétrica Azulão I, no Brasil, foi construída.

Building reliable power in the Amazon rainforest, one of the world’s most remote locations, takes more than just erecting towers and panels. Wind and solar don’t produce electricity 24/7, so grid operators are constantly juggling to maintain a steady, stable flow of energy. Overcoming those challenges is exactly what the new Azulão I thermal power plant in Brazil was built to do.

SILVES, Brasil — [19 de agosto de 2026] — A Eneva, maior operadora privada de gás natural do país, e a GE Vernova Inc. (NYSE: GEV) celebraram o início da operação comercial da usina termelétrica Azulão I, localizada em Silves, a aproximadamente 330 quilômetros de Manaus. Com compromisso de fornecimento de 295 MW ao Sistema Interligado Nacional (SIN), a nova usina contribuirá para aumentar a estabilidade, a confiabilidade e a segurança do suprimento elétrico no Brasil. Essa conquista marca a conclusão da primeira fase do Complexo Azulão, da Eneva, composto pelas usinas Azulão I e Azulão II.

No coração da usina Azulão I está a turbina a gás de alto desempenho 7HA.02 da GE Vernova, acoplada a um gerador H65. A expectativa é de que a avançada turbina forneça a capacidade de resposta rápida à demanda necessária para equilibrar a rede e apoiar o crescimento de energias renováveis não despacháveis, como a eólica e a solar, em todo o Brasil.

O sucesso do projeto se baseia no modelo pioneiro "Reservoir-to-Wire" (R2W) da Eneva, que aprimora a infraestrutura gerando eletricidade na fonte de produção de gás natural. Para integrar essa usina ao corredor de transmissão de alta tensão Tucuruí - Macapá -Manaus, um dos mais longos e desafiadores do mundo, com cerca de 1.850km de extensão, a Eneva e a GE Vernova implementaram uma solução de filtro de bloqueio de Ressonância Subsíncrona (SSR - Sub Synchronous Resonance) e um relé de estresse torsional. Esta solução foi projetada sob medida para ajudar a garantir que a usina opere com confiabilidade e em harmonia com o sistema de transmissão.

Além disso, utilizando sua ampla capacidade de atendimento local, o fornecimento da GE Vernova também contempla um contrato de serviço de 15 anos que visa ajudar a assegurar os mais altos níveis de confiabilidade e disponibilidade operacional.

"O início da operação comercial de Azulão I representa a materialização de um dos projetos mais relevantes da Eneva. Este empreendimento demonstra nossa capacidade de desenvolver e executar investimentos estruturantes em larga escala, mesmo em ambientes de elevada complexidade logística e operacional. O complexo Azulão reforça a consistência do nosso modelo de negócios integrado, a solidez da companhia e o nosso compromisso de contribuir para a segurança energética e o desenvolvimento econômico do Brasil”, afirma Rafael Coitinho, diretor de Engenharia, Construção e Montagem da Eneva.

De acordo com o Plano Decenal de Expansão de Energia (PDE 2035) do Brasil, elaborado pela Empresa de Pesquisa Energética (EPE), espera-se que as fontes renováveis representem mais de 85% da geração de eletricidade do país até 2035, impulsionadas principalmente pela expansão da geração eólica e solar. Dada a intermitência inerente a essas fontes, as turbinas a gás são críticas para o balanceamento do sistema, fornecendo a energia despachável necessária para estabilizar a rede e ajudar a atender à demanda.

“Azulão é a expressão máxima da força do nosso abrangente portfólio”, disse Marco Vera, VP de New Units para o negócio de Gas Power da GE Vernova na América Latina. “Ao integrar nossa avançada tecnologia a gás com soluções especializadas e de ponta para estabilização da rede e serviços de manutenção de longo prazo, comprovamos nossa capacidade de implantar energia de alta eficiência mesmo nos ambientes de transmissão mais complexos. Nossa habilidade de desenvolver essas soluções específicas de ponta a ponta reflete nosso profundo compromisso de atender às necessidades energéticas mais exigentes de nossos clientes e reforça nossa dedicação inabalável em apoiar o desenvolvimento econômico e a segurança energética de longo prazo do Brasil.”

A presença da GE Vernova no Brasil se estende por mais de 100 anos, sustentada por uma força de trabalho local de aproximadamente 5.000 funcionários, incluindo competências em serviços para atendimento local dedicado. O compromisso da empresa é reforçado por uma sólida base instalada, responsável pela geração de cerca de 40% da eletricidade total do Brasil.

Destaques do complexo a gás do Azulão

O complexo Azulão, composto pelas usinas Azulão I e II, é alimentado pela avançada tecnologia Classe H da GE Vernova, reconhecida por sua eficiência e capacidade de balanceamento de rede. Espera-se que o complexo forneça uma potência combinada de até 950 MW, capacidade equivalente à quantidade de energia necessária para atender aproximadamente quatro milhões de residências brasileiras, e a entrada em operação comercial da UTE Azulão II está prevista para julho de 2027.

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Declarações prospectivas:

Este documento contém declarações prospectivas – ou seja, declarações relacionadas a eventos futuros que, por sua natureza, abordam assuntos que são, em diferentes graus, incertos. Essas declarações prospectivas frequentemente abordam o desempenho comercial e financeiro futuro esperado da GE Vernova, bem como sua situação financeira, o desempenho esperado de seus produtos, o impacto de seus serviços e os resultados que eles podem gerar ou produzir, e frequentemente contêm palavras como “esperar”, “antecipar”, “pretender”, “planejar”, “acreditar”, “buscar”, “ver”, “irá”, “poderia”, “estimar”, “prever”, “almejar”, “preliminar” ou “faixa”. As declarações prospectivas, por sua natureza, abordam assuntos que são, em diferentes graus, incertos, como declarações sobre transações, investimentos ou projetos planejados e potenciais e seus resultados esperados, bem como os impactos das condições macroeconômicas e de mercado e da volatilidade nas operações comerciais, nos resultados financeiros e na posição financeira da Companhia, bem como na cadeia de suprimentos global e na economia mundial.

Sobre a GE Vernova:

A GE Vernova Inc. (NYSE: GEV) é uma empresa global de energia criada com um propósito específico e que inclui os segmento de Power, Electrification e Wind, que contamcom o apoio de seus negócios aceleradores. Com mais de 130 anos de experiência em enfrentar os desafios globais, a GE Vernova está em uma posição única para liderar a transição energética ao continuara eletrificar o mundo e, simultaneamente, trabalhar para descarbonizá-lo. A GE Vernova ajuda seus clientes a impulsionar economias e fornecer a eletricidade essencial para a saúde, segurança e melhoria da qualidade de vida. A GE Vernova está sediada em Cambridge, Massachusetts, EUA, e conta com aproximadamente 85.000 funcionários em cerca de 100 países ao redor do mundo. Guiada pelo propósito da empresa, "A Energia para Transformar o Mundo", a tecnologia da GE Vernova contribui para um futuro energético mais acessível, confiável, sustentável e seguro. Saiba mais: GE Vernova e LinkedIn . 

Sobre a Eneva:

A Eneva é a maior operadora privada de gás natural do Brasil, atuando na exploração, produção e geração de energia. Atualmente, a companhia administra 38 ativos em 4 bacias sedimentares, que conferem à Eneva 45,8 bcm em reservas de gás natural (2P), o maior volume em terra entre os operadores do país. A companhia possui 10 GW de capacidade de geração, com ativos, operações e projetos em desenvolvimento em dez estados do país. 

SILVES, Brazil — [August 19^th, 2026] — GE Vernova Inc. (NYSE: GEV) and Eneva, the largest private natural gas operator in Brazil, celebrated the start of commercial operation of the Azulão I thermal power plant, located in Silves, approximately 330 kilometers (205 miles) from Manaus. Contracted to provide 295 megawatts (MW) of capacity to Brazil’s National Interconnected System (SIN) for 15 years, the new plant will contribute to enhancing the stability, reliability and security of the country’s electricity supply. The project is the first asset of Eneva’s Azulão Complex, which comprises the Azulão I and Azulão II power plants.

At the heart of the Azulão I facility is GE Vernova’s high-performance 7HA.02 gas turbine, paired with a H65 generator. The advanced turbine is expected to deliver the rapid load-following capabilities needed to balance the grid and support the growth of non-dispatchable renewables, like wind and solar, across Brazil. 

The project’s success is anchored by Eneva’s pioneering "Reservoir-to-Wire" (R2W) model, which improves infrastructure by generating electricity at the source of natural gas production. To integrate this plant into the Tucuruí-Macapá-Manaus one of the world’s longest and most challenging high-voltage transmission corridors spanning ~1,850 km (1,150 miles) — Eneva and GE Vernova implemented a custom-engineered Sub Synchronous Resonance (SSR) blocking filter paired with a torsional stress relay solution to help ensure the plant could operate reliably and in harmony with the surrounding transmission system.

Additionally, utilizing its extensive local service capabilities, GE Vernova secured a 15-year service agreement aiming to help ensure the highest levels of reliability and operational availability.

“The start of commercial operations at Azulão I represents the realization of one of Eneva’s most significant projects. This development demonstrates our ability to structure and execute large-scale strategic investments, even in highly complex logistical and operational environments. The Azulão Complex reinforces the consistency of our integrated business model, the strength of our company, and our commitment to contributing to Brazil’s energy security and economic development,” said Rafael Coitinho, Engineering, Construction & Assembling Director at Eneva. 

According to Brazil's Ten-Year Energy Expansion Plan (PDE 2035), developed by the Energy Research Company (EPE), renewables are expected to cover more than 85% of Brazil's electricity generation by 2035, particularly with the expansion of wind and solar generation. Given the inherent intermittency of these sources, gas turbines are critical for balancing the system, providing dispatchable power necessary to stabilize the grid and help meet demand.

“Azulão is the ultimate expression of our comprehensive portfolio strength” said Marco Vera, VP of New Units for GE Vernova’s Gas Power business in Latin America. “By integrating our advanced gas-powered technology with specialized, cutting-edge grid-stabilization solutions, and long-term maintenance services, we have proven that we can deploy high-efficiency power in even the most complex transmission environments. Our ability to tailor these end-to-end solutions reflects our deep commitment to addressing our customer's most demanding energy needs and underscores our unwavering dedication to supporting Brazil’s economic development and long-term energy security.”

GE Vernova’s presence in Brazil spans over 100 years, supported by a local workforce of approximately 5,000 employees, including dedicated local service capabilities. The company’s commitment is underpinned by a robust installed base—generating approximately 40% of Brazil’s total electricity.

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About Eneva:

Eneva is the largest private natural gas operator in Brazil, active in exploration, production, and power generation. Currently, the company manages 38 assets across 4 sedimentary basins, which grant Eneva 45.8 bcm in natural gas reserves (2P), the largest onshore volume among operators in the country. The company holds 10 GW of generation capacity, with assets, operations, and projects under development in ten states across the country.

Azulão gas power complex highlights

Azulão Complex, featuring both Azulão I and II, is powered by GE Vernova’s advanced H-Class technology, renowned for its efficiency and grid-balancing capabilities. The complex is expected to deliver a combined output of up to 950 MW, a capacity equivalent to the amount of power needed by approximately four million Brazilian homes and it is scheduled to achieve commercial operation in July 2027.

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 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 Company’s business operations, financial results and financial position and on the global supply chain and world economy.

About GE Vernova:

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification, and Wind 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. Learn more: GE Vernova and LinkedIn. 

VERESEGYHÁZ, Hungary – July 27, 2026 — GE Vernova Inc. (NYSE: GEV) is proud to mark the 25th anniversary of its Veresegyház facility this year, celebrating a quarter-century of excellence as the company’s largest Gas Power manufacturing base outside the United States. To honor this milestone, the company is announcing the modernization of the facility including an on-site solar park to bolster energy independence, new lean production lines and a commitment to workforce growth with plans to add more than 80 professionals over the coming years to support its increasing capacity.

The Veresegyház facility serves as a primary manufacturing and service hub for GE Vernova’s global Gas Power operations, specializing in the high-tech production and precision repair of critical gas turbine components. With advanced capabilities in robotic welding and specialized thermal coatings, the site functions as a vital center of excellence for both new equipment manufacturing and essential repair services.

Advancing sustainability through major solar park development. To support the long-term sustainability of these operations, the solar project is being conducted in phases as part of the company's transformation at the Veresegyház site. The first phase was successfully completed with the installation of a 2 MW solar car canopy, covering more than 500 parking spaces. In the current, second phase, a total of 14.5 MW of photovoltaic (PV) panels are being installed, alongside a 40 MWh battery storage system. This phase encompasses more than 21,000 PV panels covering over 15 hectares, with grid connection expected by this autumn.

Once fully operational, this integrated renewable energy system will allow almost 50% of the site’s current total annual electric energy consumption of 33 GWh to be covered by zero-emission, renewable energy. This significantly improves the plant's energy self-sufficiency and aligns with GE Vernova’s broader mission to reduce the carbon footprint of its global manufacturing operations. 

Modernizing operations with new lean production lines. This sustainability milestone coincides with a period of intense growth for the facility as it works to address the global electricity "investment supercycle". To meet surging demand, last year GE Vernova’s $24,5 million investment, supported by a planned significant contribution of the Hungarian Investment Promotion (HIPA), set the foundation for the site's ongoing modernization, which now includes the successful installation of new lean production lines and the commissioning of high-performance precision machinery. Additionally, five advanced coating booths equipped with vacuum furnaces are now operational to bolster repair and manufacturing output.

Strengthening commitment to workforce growth and talent. After successfully onboarding approximately 100 new team members last year, the facility is actively hiring up to 80 additional professionals — including machinists, welders, fitters, and assembly operators - to support this expanded capacity.

"Reaching our 25th anniversary while simultaneously developing our solar park is a powerful testament to our team's dedication," said Viktoria Fodor, GE Vernova’s Veresegyház Plant Manager. "We are not just expanding our capabilities, energy independence and talents; we are building a more sustainable and efficient future. By blending advanced manufacturing technology with renewable energy, we are ensuring that Veresegyház remains a core element of GE Vernova’s global gas power manufacturing operations for decades to come."

GE Vernova maintains a robust operational presence in Hungary, anchored by key strategic locations that support its global energy mission. The company’s footprint is centered around its major Gas Power manufacturing and service facility in Veresegyház, complemented by active operations in Százhalombatta. These industrial efforts are supported by a central office in Budapest, which serves as a hub for the Power, Electrification, and Wind businesses. This regional network is further strengthened by a significant organizational infrastructure, housing essential corporate functions including Finance, HR, and Digital Technology, alongside specialized teams dedicated to Global Services and Global Supply Chain operations.

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Notes to editors
Financial editors: The mentioned investment is part of a larger $11 billion cumulative global capex and R&D investment plan from 2025 through 2028. 

HONOLULU, (July 20, 2026) – GE Vernova Inc. (NYSE: GEV) today announced it has secured a contract with Hawaiian Electric (HECO), the electric public utility in Hawaii, to supply six LM6000VELOX* aeroderivative package units to repower the aging oil-fired steam turbines at its Waiau Power Plant facility in Pearl City, O’ahu. The project is currently on schedule for the first two units to be in commercial operation in 2029, with subsequent units coming online in phases.

These smaller and more efficient aeroderivative turbine units will replace assets ranging from 58 to 67 years old that are currently slated for retirement. Upon completion, this project is expected to add over 250 megawatts (MW) of firm power to the grid, helping ensure reliable service when variable renewable resources like wind and solar are unavailable. 

“The project will repower the facility with proven, fuel-flexible and modern technology,” said Mike DeCaprio, Hawaiian Electric Vice President of Power Supply. “This represents the most significant modernization of the O‘ahu generation infrastructure in decades and it will strengthen the reliability and resilience of our system while supporting the integration of more renewable resources like solar and energy storage.” 

To achieve this, Hawaiian Electric selected GE Vernova’s LM6000VELOX aeroderivative solutions to provide the precise operational flexibility required for the modern Hawaiian grid.

"We are proud to support HECO in their mission to provide fast, reliable, and more sustainable power to the people of Hawaii. Because Hawaii’s energy grid is isolated and cannot rely on continental interconnections for emergency support, the need for rapid-response capability is paramount,” said Dave Ross, CEO of GE Vernova's Gas Power business in the America’s pole. “By deploying our aeroderivative units, HECO gains the benefit of efficient and modular power assets that can transition from a cold start to full load in under 10 minutes. This jet engine-derived technology is uniquely suited to balance the variable nature of renewable energy, helping to ensure grid stability when it is needed most."

GE Vernova’s aeroderivative packages can operate on a variety of liquid fuels, including biofuels produced locally, and can be converted to run on liquefied natural gas if it becomes available. The project will utilize the current land footprint of Waiau Power Plant and reuse much of the existing infrastructure, which reduces cost and community impact. 

HANOI, Vietnam - June 23, 2026 – GE Vernova Inc. (NYSE: GEV) today announced it has secured an order for two 9HA.02 gas turbines and two H78 generators for Vietnam Electricity’s (EVN) Quang Trach II LNG Power Plant in Vietnam. The new combined-cycle power plant is expected to generate more than 1.6 gigawatts (GW) of electricity, with commercial operations expected by 2030, helping support Vietnam’s growing demand for more flexible, efficient, and reliable power generation.

Representative of Power Project Management Board No. 2 (EVNPMB2) said: “EVN/ EVNPMB2 values its long-standing relationship with GE Vernova and our shared commitment to supporting Vietnam’s evolving energy needs “As we advance major power infrastructure projects and modernize the electricity system, we believe GE Vernova brings proven technology, strong execution capabilities, and deep experience in Vietnam. GE Vernova’s participation in the Quang Trach II project also builds on our broader collaboration, including the Memorandum of Understanding signed in March 2026 to explore potential opportunities in High Voltage Direct Current technology to help strengthen grid reliability and support greater integration of renewable energy.”

The Quang Trach II LNG Power Plant is being developed by EVN, with an EPC consortium consisting of Power Construction Corporation of China and LILAMA Corporation Located in the Hon La Economic Zone, Quang Tri Province, Vietnam, the Quang Trach II LNG Power Plant is expected to play an important role in supporting the country’s rising power demand while enhancing overall system flexibility and reliability. The plant is expected to use imported liquefied natural gas (LNG), which will be re-gasified and used to fuel the gas turbines in a combined-cycle configuration to generate electricity more efficiently.

This announcement comes as GE Vernova’s HA gas turbine fleet recently surpassed 4 million commercial operating hours worldwide, marking an important milestone for one of the power industry’s most advanced and efficient gas turbine technologies. With nearly 130 HA units in operation across 21 countries, the fleet continues to support energy security, affordability, grid reliability, and reliability around the world.

“We are honored to support EVN on the Quang Trach II LNG Power Plant and to build on our long-standing relationship in Vietnam,” said Ramesh Singaram, GE Vernova’s President & CEO for Gas Power business in Asia Pacific. “As our HA fleet surpasses 4 million commercial operating hours worldwide, this order reflects the confidence customers continue to place in this technology to deliver efficient, flexible, and reliable power. For Vietnam, projects like Quang Trach II can play an important role in meeting rising electricity demand, supporting grid stability, and advancing the country’s transition to a more diversified energy mix.”

GE Vernova’s 9HA.02 gas turbines are among the company’s most advanced and efficient gas turbine technologies and are engineered to help provide flexible and dispatchable generation that can complement the increasing share of renewable energy in the grid.

GE Vernova has a long history in Vietnam dating back to 1993 and has worked with EVN since the utility’s establishment in 1995. Today, GE Vernova technologies help support Vietnam’s power system through equipment and services deployed across the country, including a gas power installed base of approximately 2.2 GW. GE Vernova also has nearly 1,100 employees across nine locations in Vietnam, as well as local capabilities including its Phu My repair facility and Dung Quat HRSG manufacturing plant.

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