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.

TOKYO, JAPAN (October 8, 2024) — GE Vernova Inc. (NYSE: GEV) today announced an order for three GE Vernova 7HA.03 gas turbines to be installed at The Kansai Electric Power Company, Inc.’s (“Kansai Electric”) Nanko power station in Osaka, Japan. GE Vernova’s advanced 7HA.03 power generation equipment will replace the existing aging conventional LNG power generation assets (consisting of three boilers and three steam turbines) and is expected to increase power plant efficiency, while reducing its carbon dioxide emissions.

Japan has set ambitious targets to achieve net zero by 2050 as per the latest Nationally Determined Contribution (NDC) plans.  As recently described in GE Vernova’s “2024 Japan Energy Outlook” White Paper, the Japan’s energy system is in transition, and the country has targeted  achieving this decarbonization goal through setting up investments in lower carbon generation sources and the support of “Economic Efficiency”, one of the three “S+3E” pillars within the revised national 6th Strategic Energy Plan (including also “Safety plus Energy Security”, and “Environmental Sustainability”).

“The plant is expected to deliver up to 1.8 gigawatts (GW) of electricity to the grid in total and to be the among the most efficient in the country,” said Ramesh Singaram, President and CEO, Asia of GE Vernova’s Gas Power. “In addition, 7HA.03 gas turbine technology currently has the capability to burn up to 50% by volume of hydrogen when blended with natural gas, with a technology pathway to 100% over the next decade. We look forward to bringing this advanced technology to Kansai Electric, with whom we have a longstanding relationship built on years of mutual respect and trust, to help revitalize the Japanese power industry with more efficient and more sustainable technology, in alignment with the country’s energy goals.”

In addition, GE Vernova is also expected to provide field services.

GE Vernova is a key player in Japan’s energy transition, having enabled power generation for Japan for more than 130 years. To date, the company delivers more than 50% of Japan’s heavy duty gas power capacity and supports the country’s growing renewable and nuclear energy needs.

-END-

Notes to Editors
© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

Financial Editors:  Please note this order was booked in the third quarter of 2024.

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 more than 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. GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and gas power plant technologies and services with the industry’s largest installed base of approximately 7,000 gas turbines.

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, including levels of reduction of carbon dioxide emissions,  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.

GREENVILLE, USA (September 26, 2024) — GE Vernova Inc. (NYSE: GEV) announced today that GE Vernova was selected for award negotiations by the U.S. Department Energy’s (DOE) Hydrogen and Fuel Cell Technologies Office (HFTO) to lead a project aiming to enable permitting and safety for hydrogen deployment. The project has the objective to identify the primary challenges to siting, permitting, and installation across the value chain from hydrogen production through end-use. GE Vernova will lead a diverse project team named “H2Net”, including Clemson University, and Roper Mountain Science Center based in Greenville, SC, USA. GE Vernova will enter award negotiations valued in $1 million in US federal funding with the DOE to finalize the terms and the scope of the project.  

As part of this program, H2Net is expected to develop an AI Assistant that is trained specifically on the relevant, critical documents for safe H2 handling and permitting. The AI Assistant, called HySAGE, Hydrogen Smart Assistant for Governance Execution, will be validated against requirements and lessons learned at GE Vernova’s Gas Turbine Manufacturing and Technology Center in Greenville, SC. HySAGE will aim to enable state-of-the-art modeling capability and flexibility for incorporating all necessary codes and standards and environmental scenarios to increase the versatility and accuracy of the tool.

“These investments in clean hydrogen showcase the Administration’s commitment to making clean energy a win-win for all Americans—by contributing to a sustainable zero-carbon future, while boosting economic opportunities across the country,” said U.S. Secretary of Energy Jennifer M. Granholm. “These projects will work hand in hand with historic investments in the Hydrogen Hubs and electrolysis technologies to accelerate progress towards a clean hydrogen economy that will deliver good-paying, high-quality jobs and accelerate a renaissance of American manufacturing.”

“The success of our regional clean hydrogen hubs—and the national clean hydrogen strategy—hinges in large part on advances in technology that will grow clean hydrogen’s economic potential,” noted Dr. Sunita Satyapal, director of the U.S. Department of Energy’s (DOE’s) Hydrogen and Fuel Cell Technologies Office and coordinator of the DOE Hydrogen Program. “At the same time, we need to ensure that siting and permitting are done in the safest, most efficient way possible as hydrogen infrastructure expands across domestic markets. By identifying ways to address siting and permitting challenges, these projects will complement other large-scale investments in clean hydrogen by the Biden-Harris administration and will play a vital role in contributing to our nation’s clean energy future.”

“We are proud to be a part of the DOE’s commitments to reduce CO₂ emissions and accelerate the progress towards a more sustainable economy with less carbon emissions,” said Jeremee Wetherby Carbon Solutions Leader at GE Vernova. “Our project proposes to reap the benefits from artificial intelligence and explore new and innovative ways to handle hydrogen deployment safely, while investing in trainings for the community and our workforce. We are grateful for the collaboration with Clemson University and Roper Mountain Science Center, which will bring their expertise respectively in the development of AI applications and in K-12 science curriculum and exhibit development.

“We are excited to collaborate with GE Vernova on this DOE project,” said Xiaoyong (Brian) Yuan, Assistant Professor, Holcombe Department of Electrical and Computer Engineering at Clemson University. “Leveraging our expertise in AI and large language models, we will work together to develop innovative solutions that overcome technical and operational barriers to the safe deployment of hydrogen technologies.”

“Roper Mountain is thrilled to share the innovative advancements in hydrogen energy with the next generation of our workforce through hands-on exhibits, curriculum, and instruction,” said Michael Weeks, Director of Roper Mountain Science Center. “This investment will help us to build and to educate a more sustainable future.” 

###

Notes to editors

© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license. 

About GE Vernova:

GE Vernova (NYSE: GEV) is 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 more than 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. 
GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and gas power plant technologies and services with the industry’s largest installed base of approximately 7,000 gas turbines.

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. Learn more: GE Vernova and LinkedIn.

Forward Looking Statements:

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s 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.

Disclaimer: "This report was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States Government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof."

In fall 2021, Arthi Vasudevan, product line leader for cybersecurity at Gas Power at GE Vernova, was working from home in Houston when there was a knock at her door. It was her seven-year-old son, sharing some exciting news. He’d just unlocked a new level on his video game, thanks to the help of a stranger online. Vasudevan hid her alarm. “The moment you start to preach, kids disconnect from you,” she says. “But inside, I was freaking out.”

(formerly a joint venture between Dussur and GE Vernova)

DAMMAM, Saudi Arabia (September 02, 2024) - The Saudi Arabian Industrial Investments Company (“Dussur”) successfully divested its 55% ownership stake in General Electric Saudi Advanced Turbines (“GESAT”) to GE Vernova Inc. (NYSE: GEV), bringing GE Vernova’s ownership to 100% in GESAT.

Since its establishment in 2017, GESAT has played an important role in meeting the Kingdom's demand for gas turbines, specifically through the localized completion of high-performance F-class and H-class gas turbines, and the manufacturing of post cast components and accessory modules.

GESAT is a successful joint venture that is supplying gas turbines and has manufactured more than 200 gas turbine modules to support power generation plants in up to 10 countries around the world, including Saudi Arabia.

In addition to GESAT’s above accomplishments, the company placed a great focus on transferring technological and industrial knowledge through trainings of Saudi cadres on gas turbine assembly and manufacturing processes. The trainings were completed at both GE Vernova’s Greenville site in the United States and the Belfort site in France.

“Dussur’s decision to sell its shares to GE Vernova follows achieving the investment and development objectives of this investment in GESAT, the company has been able to employ and train a number of young national talents; and transfer knowledge in the field of gas turbine  technology,” said Dr. Raed Alrayes, Chief Executive Officer at Dussur.

He also noted that, “Dussur’s investment policy is to enter partnerships that establish transformational industries that the Kingdom needs or support its supply chains. After ensuring the stability and maturity of these industrial capabilities, Dussur exits with the aim of renewing its investments into new industrial opportunities of greater value to the local economy. Today, we are proud of the industrial capabilities that distinguish GESAT and can further grow under the sole ownership of GE Vernova.”

Joseph Anis, President and CEO of GE Vernova’s Gas Power business in Europe, Middle East, and Africa, said, “GE Vernova has been honored to partner with Dussur on GESAT since 2017. We have a strong legacy of almost 90 years of contributions to the development of Saudi Arabia’s energy infrastructure, with up to 580 employees in the Kingdom today. We intend to continue supporting economic diversification, localization, high value exports, and talent development efforts in the country to further the Kingdom’s goals under Saudi Vision 2030. We also remain committed to collaborating with various stakeholders to help accelerate Saudi Arabia’s transition to net zero greenhouse gas emissions by 2060.” 

GE Vernova spun-off from GE (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines, GE Vernova's technology base helps generate approximately 25% of the world's electricity and has a meaningful role to play in the energy transition in Saudi Arabia and around the globe.

###

About the Saudi Arabian Industrial Investments Company (Dussur)
The Saudi Arabian Industrial Investment company, owned by The Saudi Public Investment Fund (“PIF”), Aramco, and Sabic, aims to maximize the developmental impact on the Saudi economy by executing strategic and sustainable industrial investments with world-class technical partners, building modern industrial value chains, and creating more value out of the kingdom’s resources.

Visit us at www.dussur.com, LinkedIn & X: @Dussur; For more information, you may contact us through: info@dussur.com

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.

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.

المشروع السابق المشترك ما بين دسر و جنرال إلكتريك ڤيرنوڤا

الدمام، المملكة العربية السعودية (٢ سبتمبر 2024) اتفقت الشركة العربية السعودية للاستثمارات الصناعية (دسر) على بيع حصتها البالغة 55% في شركة "جنرال إلكتريك السعودية للتوربينات المتطورة" (جيسات) لصالح شريكها في المشروع، شركة جنرال إلكتريك ڤيرنوڤا، المدرجة في بورصة نيويورك بالرمز (GEV).

ومنذ التشغيل التجاري في العام 2017، ساهمت "جيسات" في تلبية طلب المملكة على توربينات الغاز، وذلك من خلال استكمال تصنيع توربينات الغاز عالية الأداء من الفئتين F وH محلياً، وتصنيع مكونات المسار الساخن بعد الصب وملحقات المحرك.

تعد شركة جيسات مشروعاً مشتركاً ناجحاً لتصنيع توربينات الغاز، حيث قامت بتصنيع ما يزيد على 200 ملحق مساند للمحركات لدعم محطات توليد الطاقة في 10 دول حول العالم، بما في ذلك المملكة العربية السعودية.

وبالإضافة إلى الإنجازات المذكورة، ركز المشروع بشكل كبير على نقل المعرفة والخبرات التكنولوجية والصناعية من خلال تدريب الكوادر الوطنية على عمليات تجميع وتصنيع التوربينات الغازية. وقد تم إكمال التدريب في موقع شركة جنرال إلكتريك ڤيرنوڤا في جرينفيل بالولايات المتحدة وموقع بلفور في فرنسا.

وفي هذا السياق، قال الدكتور رائد الريس، الرئيس التنفيذي لشركة دسر: "إن قرار دسر بيع أسهمها لشريكها شركة جنرال إلكتريك فيرنوفا يأتي بعد ان تحققت الأهداف الاستثمارية والتنموية من هذا الاستثمار. فمنذ استثمار دسر في جيسات تمكنت الشركة من توظيف وتدريب عدد من الكفاءات الوطنية الشابة؛ ونقل المعرفة في مجال صناعة التروبينات الغازية". وأضاف: " تتمثل سياسة دسر الاستثمارية في الدخول في الشراكات التي تؤسّس لصناعات تحويلية تحتاجها المملكة أو تدعم سلاسل الامداد الخاصة بها؛ وبعد التأكد من استقرار هذه القدرات الصناعية ونضجها؛ تقوم دسر بالتخارج وذلك بهدف تدوير الاستثمارات في فرص صناعية جديدة ذات قيمة أكبر للاقتصاد المحلي. نحن نفخر اليوم بالقدرات الصناعية التي تميز شركة جيسات والتي تمكنها من النمو بشكل كبير تحت الملكية الكاملة لشركة جنرال إلكتريك فيرنوفا ".

بدوره، قال جوزيف أنيس، الرئيس والمدير التنفيذي لقطاع طاقة الغاز في شركة جنرال إلكتريك ڤيرنوڤا في أوروبا والشرق الأوسط وأفريقيا: "تفخر شركة جنرال إلكتريك ڤيرنوڤا بهذه الشراكة مع دسر والتي أثمرت إطلاق مشروع جيسات في العام 2017. نحن نملك اليوم إرث قوي يمتد لنحو 90 عامًا في تطوير البنية التحتية للطاقة في المملكة العربية السعودية، ونضم فريق عمل محلي مؤلف من 580 موظفًا. ونعتزم عبر استثمارنا الموسع في ’جيسات‘ مواصلة دعم أهداف المملكة في مجالات التنوع الاقتصادي والتوطين والصادرات عالية القيمة، بالإضافة إلى جهود تطوير المواهب انسجاماً مع رؤية السعودية 2030. ونؤكد أيضاً التزامنا بالتعاون مع مختلف أصحاب المصلحة دفعاً لجهود تسريع انتقال المملكة العربية السعودية إلى انبعاثات صفرية من الغازات الدفيئة بحلول العام 2060".

يذكر أن شركة جنرال إلكتريك ڤيرنوڤا قد انبثقت عن شركة جنرال إلكتريك، وبدأت التداول كشركة مستقلة في بورصة نيويورك (NYSE) في 2 أبريل 2024. ومع إنتاجها لما يقارب 55,000 توربين رياح و7,000 توربين غازي، تساعد تقنيات جنرال إلكتريك ڤيرنوڤا في توليد ما يقارب من 25% من الكهرباء حول العالم، ولها دور مهم في تحول قطاع الطاقة في المملكة العربية السعودية والعالم.

-انتهى-

نبذة عن الشركة العربية السعودية للاستثمارات الصناعية "دسر"
تأسست "دسر" بموجب مرسوم ملكي، من قبل ثلاثة من أكبر الكيانات في المملكة وهي: صندوق الاستثمارات العامة، وشركة أرامكو السعودية، والشركة السعودية للصناعات الأساسية "سابك". وتهدف الشركة إلى تعظيم الأثر التنموي على الاقتصاد السعودي من خلال تنفيذ استثمارات صناعية استراتيجية مستدامة، بالشراكة مع رواد الصناعة بهدف توطين سلاسل القيمة في المملكة. وتعتمد دسر نموذجاً استثمارياً مستداماً يساعد على تطوير القطاعات الصناعية الرئيسية وسلاسل القيمة المرتبطة بها في المملكة، لاسيما تطوير الصناعات التحويلية في القطاعات ذات الأهمية الاستراتيجية.

يرجى زيارة، www.dussur.com

لينكدإن ومنصة X: @Dussur

للمزيد من المعلومات، يمكنكم التواصل معنا على: info@dussur.com

نبذة عن جنرال إلكتريك ڤيرنوڤا
شركة طاقة عالمية تركز على مختلف تقنيات انتاج ونقل الطاقة الكهربائية، تضم قطاعات الطاقة وطاقة الرياح والكهرباء، مدعومة بما يسمى وحدات "التسريع" الخاصة بها: الأبحاث المتقدمة، الخدمات الاستشارية والخدمات المالية. 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 لاقتصادات الطاقة 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 أكثر من 100 دولة حول العالم.

وانطلاقاً من هدفها وشعارها المتمثل بـ "الطاقة لتغيير العالم"، فإن تقنيات وحلول جنرال إلكتريك ڤيرنوڤا تضمن مستقبلاً للطاقة أفضل لناحية التكلفة المعقولة والموثوقية والاستدامة والأمان. وتهدف أعمال طاقة الغاز التابعة للشركة لتطوير تقنيات وخدمات متقدمة وفعالة باستخدام الغاز الطبيعي، بالإضافة إلى حلول للتخلص من الانبعاثات والمساعدة في مسيرة التحول نحو عالم أقل انبعاثات كربونية. كما تتفرد الشركة بإنتاج توربينات الغاز وتقنيات وخدمات محطات توليد الطاقة بالغاز، وتمتلك أكبر محفظة في العالم بحوالي 7,000 توربين.

تتجلى رسالة جنرال إلكتريك ڤيرنوڤا من خلال اسمها، إذ تحافظ على إرث جنرال إلكتريك العريق الذي يمثل الابتكار والجودة بينما يشير مصطلح "Ver"/ "verde" باللاتينية إلى اللون الأخضر أي الانتقال إلى تقنيات أكثر استدامة، وأما كلمة "nova"، المشتقة من الكلمة اللاتينية "novus"، فهي تدل على عصر جديد ومبتكر للطاقة منخفضة الانبعاثات. وتركز أهداف الشركة على المساعدة في توفير مستقبل مستدام لقطاع الطاقة وبحلول موثوقة وبأسعار معقولة، ويتلخص ذلك في شعارها "الطاقة لتغيير العالم". لمعرفة المزيد، الرجاء زيارة صفحة الشركة GE Vernovaولينكد إن.

للمزيد من المعلومات الرجاء الاتصال بـ:

عبير مسعود

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

abeer.masood@ge.com

JAKARTA, INDONESIA (August 30, 2024) – On the heels of GE Vernova’s 100^th HA gas turbine commissioned globally announcement,  GE Vernova Inc. (NYSE: GEV) celebrated today the start of commercial operation of PLN Indonesia Power (PLNIP)’s 780-megawatt (MW) Tambak Lorok Combined Cycle Power Plant Block 3 (“Tambak Lorok”), in Tanjung Mas, Central Java. With the highest energy consumption among the Southeast Asian Nations, Indonesia’s energy use is set to rise significantly as its economy and population grow. Powered by GE Vernova’s HA combined cycle equipment, the plant can deliver the electricity needed to power the equivalent of approximately 5 million homes in Indonesia.

To support Indonesia’s climate and energy transition agenda, the government of Indonesia has pledged to stop commissioning new coal power plant and to achieve net-zero emissions by 2060 or earlier, Indonesia is targeting to retire the entire fleet of coal plants by 2040*.

“Tambak Lorok project represents a milestone for Indonesia, adding to the system a large-capacity plant that brings stability to the country's electricity matrix,” said Edwin Nugraha Putra, CEO of PLN Indonesia Power. “Tambak Lorok is in line with the national energy policy to lower emissions from the power sector. As more coal fired plants are retired, the need to add more reliable and flexible power that provides greater grid stability is essential. We trust GE Vernova, Marubeni Corporation and Hutama Karya, as the EPC, have delivered the highest standard of quality and safety in building this power plant that will provide reliable and more sustainable electricity to the Java grid.”

Tambak Lorok is powered by GE Vernova’s advanced equipment, namely a 9HA.02 gas turbine, a STF-D650 steam turbine, GE Vernova’s Once Through (OT) HRSG and balance of plant equipment. In addition to the core power plant equipment delivered in a turnkey combined cycle configuration, GE Vernova is contracted to provide a holistic solution including a 15-year service agreement to manage all aspects of the project’s lifecycle, training and maintenance management to enhance operational performance and increase the reliability of Tambak Lorok plant. The training will support skills development and knowledge transfer to improve the capability of PLN IP’s operations team.

“Our HA technology has been selected to increase power generation capacity in Indonesia and support its decarbonization process,” said Ramesh Singaram, President and CEO, Asia of GE Vernova's Gas Power. “In our commitment to support Indonesia’s power development and economic growth, our HA technology offers the lowest emissions in the industry to give our customers, like PLN Indonesia Power, the ability to reduce fuel consumption while lowering carbon emissions, moving forward this technology will help transition to net-zero carbon emissions.”

With GE Vernova’s H-class leading technology the plant has a lower emissions impact with up to 60% less emissions compared to other plants of the same size powered by diesel, coal and other fossil fuels. In addition, to further advance decarbonization utilizing gas power, H-Class gas turbine portfolio currently has the capability to burn up to 50% by volume of hydrogen when blended with natural gas with an expected roadmap to 100% in the future.

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Notes to editors

* Irena Energy Transition Outlook 

© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

About GE Vernova
GE Vernova (NYSE: GEV) is 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 more than 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. GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and gas power plant technologies and services with the industry’s largest installed base of approximately 7,000 gas turbines.

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. Learn more: GE Vernova and LinkedIn.

Forward Looking Statements
This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s 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.

SEJONG, SOUTH KOREA (July 15, 2024) – GE Vernova Inc. (NYSE: GEV) today announced Korea Southern Power Co, Ltd.  (KOSPO)’s Shinsejong Combined Cycle Power Plant achieved the start of operation in Nuri-ri, Yeongi-myon, Sejong Multifunctional Administrative City, the administrative capital of South Korea. The plant, powered by GE Vernova’s 7HA.03 gas turbine, marks the company’s 100th HA unit commissioned across the globe, and the first 7HA.03 gas turbine in South Korea.

With the highest number of H-Class units ordered, GE Vernova’s HA gas turbines have accumulated more than 2.5 million commercial operating hours continuing to be the fastest growing fleet in the heavy-duty gas turbine H-Class segment. The fleet boasts an installed capacity of more than 53 gigawatts (GW) of power, the equivalent capacity needed to power nearly 40 million American homes.

“Demand for electricity is on the rise, and we expect it to continue to accelerate,” said Eric Gray, CEO at GE Vernova’s Gas Power business. “Highly efficient HA gas power plants can play a crucial role in balancing energy transition commitments with electricity reliability. Many HA combined cycle power plants facilitate the coal-to gas transition and provide the necessary power to balance the variable nature of renewables, helping to ensure energy system reliability and grid stability.”

In addition to benefitting customers and supporting the energy transition, the growing fleet of operating HA gas turbines can provide significant services backlog for GE Vernova over the long-term via maintenance and upgrade opportunities.

HA gas turbines can save over 3.3 metric tonnes of CO2 emissions per year, per unit compared to an average coal-fired plant of the same size. This is equivalent to removing 680,000 cars off the road for every HA unit deployed. In addition, GE Vernova simulated that H-class units in South Korea could reduce carbon emission intensity of the fossil fleet per kilowatt hour more than three fold over current levels if coal plants were retired and this newer, advanced technology was deployed in country.

GE Vernova HA class combined cycle power plants emit approximately 50–60 percent less CO2 compared to a typical coal-fired power plant of the same size, significantly lower nitrous oxides and particulate matter, no mercury, and essentially no sulfur oxides.

Energy combustion systems are a key component of GE Vernova’s HA gas turbines and modern combustion technologies can increase efficiency and reduce emissions. As a leader in combustion technology, GE Vernova developed the DLN 2.6e combustion system with its advanced premixer technology, installed in GE Vernova 60Hz H-class turbines, offering a step change in performance, emissions and fuel flexibility. This technology can enable the 7HA.03 gas turbines installed at Shinsejong to generate power with lower NOx emissions, three parts per million of NOx at the main stack with efficient flue gas treatment system.

With South Korea’s power generation very reliant on heavy fossil fuels today (with coal and oil covering nearly 60% of power needs, according to IEA estimates), gas power can play a crucial role in facilitating its transition to a lower carbon future. The Shinsejong plant will generate power to sell at Korea Power Exchange and heat to supply district heating to Sejong City. This will help KOSPO meet the growing demand for heat, air conditioning, and electricity with increased efficiency. in alignment with the country’s commitment to moving the country to being carbon neutral by 2050.

“We’re thrilled to celebrate with KOSPO, and with all our customers and employees, this latest milestone for our proven HA fleet, which is helping power plant operators increase efficiency, retire coal-fired facilities to reduce emissions, and integrate greater levels of renewable energy globally,” commented Gray. “Beyond the proven benefits of the HA fleet, multi-decade services and maintenance contracts can ensure continued performance enhancements and efficient operations for power plant customers.”

In a related milestone, in April, GE Vernova celebrated the production of the 2000th gas turbine manufactured at its site in Belfort, France, followed by last week’s  announcement of the first HA turbine completed in Saudi Arabia at GE Saudi Advanced Turbines (GESAT) facility – a joint venture between Dussur and GE Vernova.

GE Vernova’s H-Class combined cycle power plant is one of the most responsive and flexible in the industry, enabling grid operators to dispatch power quickly, complementing intermittent renewable sources. The fleet is highly fuel flexible and able to operate on a variety of fuels, including blends of hydrogen and natural gas that may enable further emissions reduction in the future. In addition, H-class combined cycle plants can be retrofitted with a carbon capture system that can reduce CO2 emissions by up to 95 percent. 

 

###

Notes to editors

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 (NYSE: GEV) is 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 more than 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. GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and gas power plant technologies and services with the industry’s largest installed base of approximately 7,000 gas turbines.

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. Learn more: GE Vernova and LinkedIn.

Schenectady, NY (July 10, 2024) - GE Vernova today announced a new $22 million investment in its historic Schenectady facility to manufacture new advanced generators, helping meet existing and increased global demand from its customers. The new funding is expected to create more than 150 new jobs at the facility.

“This investment will help us deliver for our global customers and allow us to expand our highly skilled work force in the Capital District,” said CEO Scott Strazik. “We are committed to growing our best-in-class facility in Schenectady, and this is another strong step in that direction.”

The new funding will allow for manufacturing of GE Vernova’s H65 and H84 generators, which require the most advanced processes to manufacture the stator bars and stator core system and accompany the company’s most efficient HA gas turbines. 

This latest investment for Schenectady comes on top of $50 million in 2023 to support manufacturing new onshore wind turbines. That funding resulted in approximately 200 new jobs and the successful delivery of 56 units year-to-date. Last year the company also announced another $11 million for the Schenectady facility to support new capacity, facility maintenance, and equipment and tool management.

GE has a 130-year legacy in New York state, which is home to GE Vernova’s Gas Power and Onshore Wind businesses and the company’s Advanced Research Center. As a newly public company, having finalized its spinoff in April, GE Vernova is assessing additional investments in the Capital Region in the future.

“This region is the foundation on which GE Vernova is built,” said Strazik. “We have amazing talent here and we plan to continue to cultivate and invest in them.”

###

About GE Vernova
GE Vernova (NYSE: GEV) is 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.

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. Learn more: GE Vernova and LinkedIn.

HUIZHOU, GUANGDONG PROVINCE, CHINA (July 2, 2024) – GE Vernova Inc. (NYSE: GEV) today announced that Guangdong Huizhou Combined Heat and Power (CHP) plant powered by two GE Vernova hydrogen- ready 9HA.01 combined-cycle power generation equipment achieved the successfully commercial operation. The Chinese state-owned power utility Guangdong Energy Group Co., Ltd.’s CHP plant is expected to inject up to 1.34 gigawatts (GW) of electricity into the grid and steam for the industrial process of the chemical complex present in Huizhou, a city in southeast Guangdong Province, China, north of Hong Kong. GE Vernova’s gas turbines are expected to burn up to 10 percent by volume of hydrogen blended with natural gas within the next two years.

“Hydrogen energy will play an important role in the future energy system in Guandong Province, an agglomeration of cities aiming to strengthen international cooperation and promote lower-carbon, inclusive, coordinated and more sustainable development,” said a representative from Guangdong Energy Group. “GE Vernova has long been our company of choice when transitioning our power plants from coal to natural gas, and we trust GE Vernova advanced H-Class gas turbines will help promote the use of hydrogen blending in power generation across other provinces, as aligned to China's Medium and Long-term Plan for the Development of Hydrogen Energy Industry (2021–2035) objectives.”

Although hydrogen supply in Guangdong Province is still highly dependent on the gray hydrogen production method, which is mainly based on the production of hydrogen from industrial byproducts and coal power, the national and provincial energy plans encourage the development of renewable energy for hydrogen production.

“GE Vernova believes that the Guangdong Huizhou project could serve as a model to develop hydrogen-blended H-class natural gas power generation across other provinces” said Xu Xin, President of GE Vernova China Gas Power Services. “In Guangdong, we focus on helping to address the growing electricity and steam needs while reducing carbon emissions. China's Medium and Long-term Plan for the Development of Hydrogen Energy Industry proposes an accelerated conversion towards efficient hydrogen production from renewable energy, and we are proud Huizhou plant is expected to become the first hydrogen-blended natural gas facility to use GE Vernova’s  gas turbines in China.”

GE Vernova has over 120 units worldwide that have run fully or partially on hydrogen and accumulated over 8.5 million operating hours.

Guangdong Huizhou project marks the first localized 9HA.01 manufactured by General Harbin Electric Gas Turbine (Qinhuangdao) Co., Ltd. in China. This joint venture was formed in 2019 between GE and Harbin Electric as a joint effort to focus on heavy duty gas turbine localization, aiming to deliver more efficient and reliable support for China gas power plants, including those that operate on blends of natural gas and hydrogen. Harbin Electric also provided steam turbine, generator and balance-of-plant equipment for the power plant.

GE and Harbin Electric have been suppliers for Guangdong Energy Group (“GEG”) for many years. GEG selected two GE Vernova 9F.05 gas turbines for Xinhui Power Plant, which achieved the successful commercial operation in 2018. Additionally, GE Vernova is currently supporting the plant operator’s transition from coal-to-gas at its Dongguan Ningzhou power plant. GEG selected three GE Vernova 9HA.02 gas turbines and Harbin Electric’s steam turbines, generators and other auxiliary equipment for the Dongguan Ningzhou combined cycle power plant in Guangdong province, also in the Greater Bay Area.

Operating in China for over 40 years, GE Vernova has been delivering innovative products and services that create significant value for its power generation customers, and now helps power plant operators in addressing the energy transition challenge. GE Vernova serves around 110 customers and more than 240 gas turbines in China, with an installed power capacity of 50 gigawatts (GW).

###

Notes to editors

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 (NYSE: GEV) is 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 more than 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. GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and gas power plant technologies and services with the industry’s largest installed base of approximately 7,000 gas turbines.

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. Learn more: GE Vernova and LinkedIn.