Os leilões de transmissão promovidos pela Agência Nacional de Energia Elétrica (ANEEL) que incluem a contratação de Compensadores Síncronos representam um passo relevante para fortalecer a resiliência e a estabilidade do Sistema Interligado Nacional (SIN).

A GE Vernova é pioneira no fornecimento de compensadores síncronos para o Sistema Elétrico Brasileiro. Desde a década de 1980, contribuímos com soluções robustas e inovadoras e, com a retomada do protagonismo desses equipamentos, reforçamos nossa posição de liderança neste segmento.

O Brasil, com sua vasta extensão territorial e uma matriz energética cada vez mais diversificada, enfrenta desafios únicos. A crescente participação de fontes renováveis intermitentes, como a solar e a eólica, embora fundamental para a descarbonização, traz consigo a necessidade de soluções robustas para manter a estabilidade da rede. É aqui que os Compensadores Síncronos, ou Condensadores Síncronos, como também são conhecidos, se tornam protagonistas.

Segurança energética: por que os Compensadores Síncronos são indispensáveis

Compensadores síncronos são máquinas elétricas rotativas que fornecem e absorvem potência reativa, semelhante ao modo de operação de um motor síncrono sem carga ou como um gerador sem acionamento. Sua contribuição é de fornecer ou consumir potência reativa, prover inércia e contribuir com a potência de curto-circuito para o sistema em que está conectado.

Essas três características – controle de potência reativa, suporte de estabilização inercial e contribuição para potência de curto-circuito – são fundamentais para controlar a qualidade for fornecimento da tensão da rede elétrica, um fator crítico para garantir a eficiência e qualidade na transmissão da energia que chega às nossas casas e indústrias.

Com a expansão das fontes renováveis, que muitas vezes não fornecem inércia síncrona natural (a capacidade de um gerador de resistir a mudanças bruscas de frequência), o SIN se torna mais vulnerável a flutuações. Os Compensadores Síncronos atuam como agentes de estabilização da rede, normalizando a tensão e a frequência da rede. Eles são, portanto, pilares para:

• Estabilidade da Tensão: Mantêm a tensão dentro dos limites operacionais, prevenindo quedas ou picos que podem danificar equipamentos e interromper o fornecimento.
• Inércia do Sistema: Contribuem para a inércia do SIN, ajudando a mitigar a velocidade de variação da frequência em caso de distúrbios, o que é crucial para a resiliência da rede.
• Capacidade de Curto-Circuito: Aumentam a capacidade de curto-circuito em pontos estratégicos da rede, facilitando a atuação das proteções e isolando falhas de forma mais eficaz.
• Integração de Renováveis: Permitem a integração segura e eficiente de mais fontes de energia renovável, garantindo que a transição energética não comprometa a confiabilidade do sistema.

A Empresa de Pesquisa Energética (EPE) publicou estudos que avaliam os benefícios sistêmicos da implantação desses equipamentos, especialmente no Norte e Nordeste do país, onde a demanda por estabilidade é crescente devido à expansão da geração eólica e solar. A Agência Nacional de Energia Elétrica (ANEEL) também tem dedicado atenção ao tema, realizando audiências públicas e consolidando a regulamentação para a contratação desses ativos.

A expertise da GE Vernova: soluções locais para desafios nacionais

Na GE Vernova, não estamos apenas observando a evolução; estamos ativamente moldando-a. Nossa expertise em Compensadores Síncronos não é recente, mas sim o resultado de décadas de inovação e de uma profunda compreensão das necessidades do setor elétrico.

Cláudio Trejger, CEO de Hydro Power para a América Latina lembra com orgulho da capacidade e experiência da GE Vernova para ser um parceiro estratégico fundamental neste leilão e nos projetos subsequentes. “Nossa fábrica em Taubaté (SP) é um centro de excelência na produção de equipamentos de grande porte para o setor elétrico, incluindo os Compensadores Síncronos. A produção local não apenas garante a qualidade e a agilidade na entrega, mas também fomenta a economia nacional e gera empregos, alinhando-se perfeitamente com os objetivos de desenvolvimento do país”, afirma.

Renato Yabiku, CTO da Power Conversion & Storage para América Latina, ressalta que a compensação síncrona é única, pois provê solução para as três frentes – potência reativa, suporte inercia e contribuição de curto-circuito. Essa característica, oriunda do fundamento físico da operação das máquinas síncronas, é um dos grandes motivos pelo qual essa tecnologia seja tão confiável e utilizada para resolver os desafios de estabilização da rede. Ele explica que “uma tendência de utilização de outras tecnologias para prover os serviços de estabilização de rede vem sendo desenvolvidas nas últimas décadas, como os compensadores estáticos – STACOM – vem ocorrendo, mas os compensadores síncronos são ainda opções preferenciais para alguns tipos de desafios, especialmente os que demanda está centra em uma alta contribuição de corrente de curto-circuito”.

Nesse contexto, ele menciona também que “a GE Vernova tem um portifólio de máquinas e equipamentos que permitem a composições de soluções, de forma a extrair o melhor de diversas tecnologias, visando desde redução de perdas, melhora de lead time ou outros requisitos específicos de cada instalação do cliente.”

As unidades de negócio de Hydro Power e Power Conversion & Storage da GE Vernova trabalham em sinergia, combinando o conhecimento profundo em máquinas rotativas e sistemas de controle para oferecer soluções completas e otimizadas. A expertise de nossos engenheiros e técnicos, desenvolvida ao longo de inúmeros projetos no Brasil e no mundo, nos permite elaborar soluções de ilhas de compensação e prover os equipamentos críticos para sua operação, partindo das etapas desde projetar, fabricar, instalar e comissionar Compensadores Síncronos que atendem aos mais rigorosos padrões de desempenho e confiabilidade.

Projetos que falam por si: o legado da GE Vernova

A atuação da GE Vernova no Brasil com Compensadores Síncronos já é uma realidade consolidada. O fornecimento de um Compensador Síncrono à Dunas Transmissão para a subestação de Capão do Cipó (RS) demonstra a aplicação da tecnologia na mitigação de desafios de estabilidade do sistema. Além desse projeto, destacam-se no Brasil as subestações Araraquara II (SP), Medeiros Neto II (BA), Estreito (MG) e Barra II (BA), que somam oito máquinas de 300 MVAr cada (sete em operação e uma em fabricação), evidenciando o desempenho e a confiabilidade das soluções da GE Vernova.

E não é apenas no Brasil que contribuímos com nossa expertise. No ano passado, fomos selecionados pela Transelec Holdings Rentas Ltd, fornecedora líder de sistemas de alta tensão no Chile, para o fornecimento de condensadores síncronos e subestações de alta tensão para os projetos Ana María e Monte Mina, no norte do Chile. Esses dois projetos fizeram parte de uma licitação para "Controle de Tensão por Entrada de Corrente de Curto-Circuito", parte do plano do governo chileno para apoiar a transição energética e a descarbonização do país.

Nossa presença em projetos de grande porte demonstra a versatilidade e a adaptabilidade de nossas soluções. A experiência da nossa equipe regional Hydro e PCSem médios e grandes geradores e motores síncronos, por exemplo, é diretamente aplicável ao design e otimização de Compensadores Síncronos, garantindo robustez e longevidade. Da mesma forma, a expertise em eletrônica de potência e sistemas de controle é fundamental para a operação eficiente e inteligente desses equipamentos, permitindo uma resposta rápida e precisa às variações da rede.

Olhando para o Futuro: um compromisso com a estabilidade e a sustentabilidade da rede

O leilão de 27 de março de 2026 representa um marco. É a materialização de um esforço conjunto do governo, reguladores e do setor privado para garantir que o Brasil continue a avançar em sua transição energética sem comprometer a segurança e a qualidade do fornecimento.

Na GE Vernova, estamos prontos para contribuir ativamente para este futuro. Nossa capacidade de produção local combinando Campinas e Taubaté, aliada com a expertise global e a sinergia entre nossas unidades de negócio de Hydro Power e Power Conversion & Storage, nos posiciona de forma única para atender às demandas deste leilão e dos desafios futuros do SIN. Acreditamos que, ao investir em Compensadores Síncronos produzidos localmente e com a tecnologia de ponta, o Brasil construirá um sistema elétrico mais robusto, resiliente e preparado para as demandas de um futuro descarbonizado.

Este é um momento de união de esforços e de visão de longo prazo. A GE Vernova reitera seu compromisso com o desenvolvimento do setor elétrico brasileiro, oferecendo soluções inovadoras e sustentáveis que garantem a energia que o país precisa para crescer e prosperar. Estamos confiantes de que, juntos, construiremos um SIN ainda mais forte e preparado para os desafios do século XXI.

Hai Phong, Vietnam | March 10, 2026 – GE Vernova (NYSE: GEV) today announced an investment of approximately $200 million to expand manufacturing capacity within its Electrification segment by establishing a new facility in Hai Phong, Vietnam. GE Vernova’s Electrification segment provides technologies that support power transmission, grid stability, and large-scale electrification programs worldwide.

This investment forms part of GE Vernova’s planned investments of $11 billion in capex and R&D from 2025 through 2028, including $1 billion for Prolec GE from 2026 to 2028. It follows GE Vernova completing the $5.3 billion acquisition of Prolec GE to increase transformer production in the North American market, more than $300 million in investments in grid facilities in the United States, and the expansion of its Stafford, UK site to strengthen HVDC and grid manufacturing capabilities in Europe.

The new facility will manufacture large power transformers mainly for High-Voltage Direct Current (HVDC) projects, complementing GE Vernova’s existing HVDC transformer manufacturing facilities in Stafford, UK, and India. These technologies are used to move electricity efficiently over long distances and ensure power networks can safely and reliably handle rising electricity demand.

“Electrification is accelerating globally, and reliable power infrastructure is increasingly essential to support economic growth and energy security,” said Philippe Piron, CEO of GE Vernova’s Electrification segment. “This investment expands our manufacturing capacity in a region experiencing strong demand growth while reinforcing a diversified supply chain that supports customers across Asia and other regions as needed. It also reflects our long-term commitment to supporting Vietnam’s industrial development.”

The Hai Phong facility is planned to be developed in phases, with full operations expected in 2028, subject to regulatory approvals. Once operational, the site is expected to contribute towards GE Vernova’s broader transformer manufacturing capacity while primarily serving growing demand across Asia.

Electricity demand growth is particularly strong in fast-industrializing and urbanizing markets, where power infrastructure expansion and modernization are advancing at pace. Locating manufacturing capacity in this region will allow the company to improve delivery timelines, strengthen supply chain resilience, and support reliable project execution.

The project is expected to create approximately 450 jobs by 2030, with a significant number planned to be filled locally. In addition, GE Vernova plans to implement workforce training and knowledge-sharing programs in Vietnam, helping build local capabilities while connecting the Hai Phong site to its global Electrification manufacturing network.

GE Vernova’s equipment supports up to 30% of Vietnam’s electricity needs, reflecting the company’s long-standing presence in the country. Today, GE Vernova employs more than 1,100 people across nine locations in Vietnam, spanning multiple businesses. In addition to the new Hai Phong facility, GE Vernova operates the Phu My repair facility and the Dung Quat HRSG manufacturing plant, which are part of the company’s broader global repair and manufacturing network serving customers worldwide.

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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.

SESTO SAN GIOVANNI, Italy (March 3, 2026) - GE Vernova Inc. (NYSE: GEV) today announced approximately $30 million investment in the expansion of its electrification manufacturing facility in Sesto San Giovanni, Italy, to support rising global demand for electrification infrastructure.

The initiative aims to increase production capacity for essential components used in power and generator transformers - bushings - which enable safe and efficient transmission and distribution of electricity. The expansion is expected to create approximately 50 new jobs in Lombardy region, primarily in manufacturing.

“With this investment, we are strengthening a strategic capability within our fastest-growing Electrification segment,” said Philippe Piron, CEO of GE Vernova's Electrification segment. “Sesto San Giovanni plays a central role in our global bushing manufacturing footprint. Expanding capacity here increases supply security for our customers and reinforces our ability to support large-scale power transmission and generation programs worldwide.”

As utilities and energy companies worldwide invest in grid upgrades and modernize power networks to meet rising electricity demand, the need for transformers and substations continues to grow, driving increased demand for bushings, which ensure this high‑voltage equipment operates reliably and safely. The project is expected to introduce additional production lines for advanced dry-type bushings, including Resin Impregnated Paper (RIP) and Resin Impregnated Synthetic (RIS) technologies, covering voltage levels up to 245 kV.

This expansion forms part of GE Vernova’s planned $11 billion investments in capital expenditures and R&D from 2025 through 2028. The announcement follows GE Vernova’s $5.3 billion acquisition of Prolec GE to increase transformer production in the North American market, more than $100 million investments in grid facilities in the United States, and the expansion of its Stafford, UK site to strengthen High-Voltage Direct Current (HVDC) and grid manufacturing capabilities in Europe.

A century of Italian engineering and manufacturing excellence

For more than 100 years, GE Vernova’s Sesto San Giovanni facility has been recognized for engineering quality and manufacturing expertise in high-voltage bushings. The site hosts GE Vernova’s Bushing Center of Excellence and designs, manufactures, and services products used in large-scale power infrastructure projects worldwide, supporting some of the highest voltage applications in the industry.

GE Vernova is a key player in Italy’s energy transition having enabled power generation in Italy for more than 100 years. Currently, approximately 25% of Italy’s power capacity is being provided using GE Vernova technology.

For more information on GE Vernova’s bushing portfolio and technology, visit the website

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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.

MINNEAPOLIS (Feb. 3, 2026) — Xcel Energy (NASDAQ: XEL) and GE Vernova, (NYSE: GEV) today announced the signing of a landmark Strategic Alliance Agreement (SAA) aimed at strengthening their long-standing collaboration and advancing a shared vision for a reliable, affordable, and sustainable energy future.

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San Diego, California (February 3, 2026) – GE Vernova Inc. (NYSE: GEV) today announced the launch of a new solution designed to simplify grid operations and protection as electricity networks expand globally and become more complex.

GridBeats™ APS (Automation and Protection System) is a new product within GE Vernova’s GridBeats™ portfolio of software-defined grid automation solutions. It is designed to help utilities modernize electrical substations, reduce device footprints, and keep power flowing reliably as power grid requirements evolve.

Modernizing substation design and operations
Designed to address the growing challenges of aging infrastructure, capacity expansion, operational complexity, and cybersecurity, GridBeats™ APS redefines traditional substation architectures. Acting as a single platform to support all protection and control applications within a substation, the solution uses GE Vernova’s patented hardware abstraction technology to significantly reduce the amount of hardware required along with the number of spare devices operators must maintain.

With GridBeats™ APS, operators can consolidate what once required hundreds of individual communication and cybersecurity packages into as few as ten—while maintaining the same level of protection and performance.

GridBeats™ APS enables grid operators to:

• Streamline operations: GridBeats™ APS lets operators update cybersecurity and communications software without needing to revalidate or retest protection and control functions.
• Adapt to changing demand: Run multiple protection and control applications on a single device, allowing devices to meet changing demands and extend their lifecycles.
• Simplify control and maintenance: Standardize procurement, reduce learning curves, and streamline configuration.
• Maintain continuous operation: Remotely update applications without taking devices offline, improving both resilience and reliability

“Electricity is becoming the backbone of modern economies, with demand rising across data, industry, transport, and buildings,” said Del Misenheimer, VP & CEO, Grid Automation & Software, Electrification Segment, GE Vernova. “As grids expand to meet that growth, automation is becoming essential to help operators manage complexity and maintain reliable operations at scale. At GE Vernova, our Electrification businesses bring together hardware, software, and services to support grid modernization. GridBeats™ APS reflects this integrated approach by helping simplify daily grid operations while keeping power available and systems secure.”

Why protection and control matter in grid modernization
Protection and control systems help keep the electricity grid running safely and reliably. Protection functions identify problems on the network and quickly isolate affected areas to prevent wider outages, while control functions guide how the grid operates moment to moment so power is delivered where it is needed. As electricity networks grow, add new energy sources, and serve more users, these systems are becoming increasingly important to support grid modernization and ensure power remains available, stable, and secure.

GE Vernova is showcasing GridBeats™ APS at DTECH 2026, taking place February 3–5 in San Diego, California, where attendees can learn how the solution supports modern grid operations and protection. GE Vernova is exhibiting at booth #3112. The product will be unveiled during a LinkedIn Live event, accessible here.

For more information on GridBeats™ APS, visit the website.

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Demonstrated Performance in Real-World Operations

Alabama Power, a Southern Company utility serving 1.5 million customers, is among the early adopters of GridOS for Distribution to advance grid orchestration maturity and enhance reliability.

“The energy landscape is evolving faster than ever, and our customers expect reliable power regardless of weather, demand spikes, or grid complexity,” said Melanie Miller, General Manager of Data and Technology, Alabama Power. “GridOS for Distribution will give us a unified platform to orchestrate the grid as one coordinated system rather than a collection of disconnected applications. This approach provides a clear maturity path for utilities of all sizes and helps us move toward a truly intelligent, self-healing grid that restores power faster and anticipates issues before they impact customers. In 2025 alone, the platform avoided over 112 million customer minutes of interruption (CMI) for our customers in Alabama.”

GridOS for Distribution is designed around real-world outage and storm scenarios and is already proven in live grid operations globally. The solution is designed to enable faster response, more coordinated operations, and quicker recovery from extreme events, delivering measurable improvements across key reliability metrics, including SAIDI, SAIFI, CAIDI, and customer minutes interrupted (CMI).

A Future-Ready Platform That Grows With Utilities

GridOS for Distribution is built on a modern, more interoperable platform designed to evolve alongside utility needs. It supports flexible, phased adoption aligned with utility maturity levels — from Distribution Essentials that establish resilient foundational operations to advanced capabilities such as Disruption Management, Distribution Optimization, and DER Orchestration. These capabilities ultimately culminate in Distribution Intelligence, embedding operator-first AI and predictive analytics directly into grid operations.

With zero-trust cybersecurity built in by design, interoperability across utility-built and third-party systems, and a unified user experience optimized for both routine operations and high-pressure events, GridOS for Distribution reduces modernization risk while enabling long-term innovation.

GridOS for Distribution is also part of a broader interoperability strategy that will also introduce GridOS for Transmission later in the year. GridOS for transmission brings together real-time operations, planning intelligence, and grid analytics into a single software solution, enabling transmission utilities to manage growing complexity and variability with confidence.

GE Vernova is showcasing GridOS for Distribution at DTECH 2026, taking place February 3–5 in San Diego, California, where attendees can learn how the solution helps utilities operate the distribution grid as one intelligent system. GE Vernova is exhibiting at booth #3112.

CAMBRIDGE, Mass. (February 2, 2026) – GE Vernova Inc. (NYSE: GEV) today announced it has completed the acquisition of the remaining 50% stake of Prolec GE, its former unconsolidated joint venture with Xignux (“Prolec GE”). The transaction, originally announced in October 2025, closed following receipt of all required regulatory approvals, for a purchase price of $5.275 billion, funded as previously disclosed with an equal mix of cash and debt.

Prolec GE is an electric industry leader in North America, with approximately 10,000 employees across seven manufacturing sites in the Americas, including five in the U.S. It produces a wide variety of transformers and transformer components for the generation, transmission and distribution of electricity, complemented by its broad transformer services offering. This acquisition consolidates Prolec GE after 30 years of partnership as a joint venture.

“We’re excited to reach this important milestone with our first sizable acquisition as a standalone public company and welcome the Prolec GE team into GE Vernova,” said GE Vernova CEO Scott Strazik. “We are building on a decades-long partnership and combining the strengths of our two companies to offer customers a broader portfolio and operate at a higher capacity to fulfill expectations, especially in North America where grid demand is strong. As we continue to focus on our mission to electrify to thrive and decarbonize the world, this acquisition will play a critical role in driving our sustained growth in Electrification.”

Prolec GE will go to market as GE Vernova and operate within GE Vernova’s Electrification segment. The deal is immediately accretive before synergies and is expected to drive additional profitable growth for GE Vernova, which is now reflected in GE Vernova’s latest 2026 financial guidance and outlook by 2028.

“Our customers are asking for more capacity from the grid,” said GE Vernova Electrification CEO Philippe Piron. “With Prolec GE now fully part of GE Vernova, we are better equipped to respond to that demand and better serve our installed base, utilizing our combined manufacturing footprint for transformers and a strong pipeline of innovation to serve the electrification needs of the world. Our priority from day one is a smooth integration, where customers continue to receive the service and quality they expect, supported by the scale of the combined Prolec GE and GE Vernova teams.”

GE Vernova will retain the current leadership across Prolec GE, with Ricardo Suarez remaining in his role as Prolec GE CEO reporting to Philippe Piron.

“Joining GE Vernova as a fully integrated business is a natural next step in our journey after years of partnership,” said Prolec GE CEO Ricardo Suarez. “We are proud of our strong culture and the legacy we’ve built, and as part of the one GE Vernova family, we will adapt and embrace the GE Vernova Way while maintaining the local culture, heritage and identity that made us who we are today. I am excited for the opportunities our employees will have to learn and grow further as part of a global industry leader, the continued investment in our sites, and an even stronger capability to serve our customers across North America.”

Forward-Looking Statements
This press release contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain, such as statements about GE Vernova’s expected future business and financial performance and financial condition following the closing of the Prolec GE acquisition, the impact of such acquisition and the results it may generate or produce, and the timing of such impact and results, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “see,” “will,” “would,” or “estimate”. Forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from current expectations. These risks, uncertainties, and factors include those discussed in our most recent Annual Report on Form 10-K, as may be updated from time to time in our filings with the SEC and as posted on our website at www.gevernova.com/investors/fls. GE Vernova does not undertake any obligation to update or revise its forward-looking statements except as required by law or regulation.

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 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.

GE Vernova currently employs approximately 20,000 people in the United States of America across all 50 states. With more than 129 years of experience in Mexico, GE Vernova today employs over 1,700 people across five sites, and its equipment provides 38 GW of electricity generating capacity—nearly 42% of the country’s total—through advanced technologies including eight HA gas turbines, the Laguna Verde nuclear plant, and one of the world’s largest fleets of F-class gas turbines.

In today’s fast-paced world of innovation and transformation, staying ahead means more than just delivering high-quality, world-class technology and energy systems. It means investing in the people behind them.

When a company’s people grow, the business grows too. That’s why learning, development, and personal growth are important to GE Vernova. Its technical academies take employees on a learning journey through bespoke training programs that feature technical experts, classroom training, and hands-on opportunities.

DELHI, INDIA – (23 Dec 2025) – GE Vernova Inc. (NYSE: GEV) announced that its Electrification Systems business has been awarded a contract by Power Grid Corporation of India Limited (POWERGRID), India’s national transmission utility, to refurbish the Chandrapur back-to-back High Voltage Direct Current (HVDC) link—a key 1,000 MW interconnection between the country’s western and southern grid systems. This marks GE Vernova’s first HVDC refurbishment contract in India.

Modernizing a vital interconnection between West and South India

The 1,000 MW back-to-back HVDC link plays a pivotal role in balancing regional power flows between India’s western and southern regions. Originally commissioned in the late 1990s, the link enables bi-directional energy transfer between fossil-rich and hydro-rich zones—improving dispatch efficiency and conserving regional energy reserves.

Under the new contract, GE Vernova will upgrade both 500 MW converter stations at each end - Chandrapur (Western region) to Ramagundam (Southern region) - modernizing the HVDC control and protection systems and replacing the legacy converter valves with advanced technology manufactured at GE Vernova’s facilities in India.

“This landmark contract reinforces our long-standing relationship with POWERGRID and our commitment to India’s grid modernization,” said Johan Bindele, Leader of GE Vernova’s Grid Systems Integration business and teams. “Refurbishing this HVDC link with next-generation controls and digital capabilities will not only enhance its reliability but also strengthen India’s efforts toward a secure and sustainable power system.”

Extending grid life, improving stability

Refurbishment of HVDC systems involves upgrading essential components such as converter valves, automation systems, and grid protection infrastructure, all while ensuring minimal operational disruption. The modernization is expected to extend the asset’s lifespan, enhance energy efficiency, and improve grid flexibility to handle growing renewable penetration.

Investments in refurbishment offer utilities a cost-effective way to strengthen infrastructure resilience—preserving prior capital investments while aligning with today’s energy transition needs.

Supporting India’s energy goals

India’s ambitious goal to reach 500 GW of non-fossil capacity by 2030 relies on robust, flexible transmission infrastructure. HVDC systems are essential to move large volumes of renewable power efficiently across long distances.

Refurbishing this strategic inter-regional corridor will help unlock that potential—enabling cleaner energy flows, improving system reliability, and contributing to India's long-term energy security.

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Notes to Editors:

GE Vernova booked the order in December 2025

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 address GE Vernova's expected future business and financial performance, 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 business operations, financial results and financial position and on the global supply chain and world economy.

Delhi, India – ( 22 Dec 2025) - GE Vernova Inc. (NYSE: GEV) today announced that its Electrification Systems business has been awarded a major contract from Adani Energy Solutions Ltd. to supply high-voltage direct current (HVDC) technology for the 2.5-gigawatt (GW) Khavda–South Olpad renewable power transmission corridor in India. 

The Khavda–South Olpad corridor forms a critical backbone for India’s renewable energy expansion. Khavda, located in Gujarat’s Kutch region, is being developed as one of the world’s largest renewable energy zones, while South Olpad serves as a major pooling and injection point into India’s national transmission network. The corridor is designed to enable large volumes of renewable electricity generated in western India to be transferred efficiently into the wider grid.

GE Vernova’s scope

GE Vernova’s role in the project will be to provide advanced HVDC technology designed to operate at scale and with high reliability. This will include supplying a high-capacity ±500 kV, 2,500 MW (2 × 1,250 MW) voltage sourced converter (VSC)-based bipolar HVDC system for the point-to-point link.

HVDC systems are designed to transmit electricity over long distances with lower losses and greater controllability compared to conventional transmission approaches, making them well suited for large-scale renewable energy integration.

The scope covers the design of the complete HVDC system, including converter stations at each end, the supply of all major converter station equipment, and responsibility for erection, testing, and commissioning activities, excluding associated civil works. The system will be delivered using GE Vernova’s advanced eLumina™ control platform, designed to support stable, secure, and efficient grid operations.

The project will be mostly executed by GE Vernova’s India-based teams, drawing on local engineering expertise and manufacturing capabilities. Delivery will be planned in phases, with overall completion targeted by 2030.

“India is one of the world’s most important power markets, with rapidly growing electricity demand and large-scale renewable development, said Philippe Piron, President and CEO of GE Vernova’s Electrification Systems business.  “Projects like the Khavda–South Olpad HVDC corridor underscore the importance of high-capacity transmission infrastructure in connecting renewable energy zones with the national grid. This award reflects our continued commitment to India and our experience in delivering complex transmission projects that support grid reliability and long-term system performance. We appreciate the confidence placed in GE Vernova by Adani Energy Solutions and look forward to supporting the successful delivery of this project.”

“At Adani Energy Solutions, we are steadfast in our commitment to enabling India’s green energy transition by building robust infrastructure for renewable power evacuation. Our partnership with GE Vernova for the Khavda–South Olpad transmission corridor marks a significant milestone in advancing large-scale clean energy integration. We look forward to working together in delivering innovative solutions that will help power millions sustainably, bringing new opportunities and happiness to communities across the nation,” Mr. Kandarp Patel, CEO, Adani Energy Solutions Ltd.

A milestone for high-capacity HVDC deployment

With a capacity of 2,500 MW, the project represents the highest-rated VSC-based HVDC system planned in India to date. Projects of this scale highlight the growing role of advanced HVDC technology in enabling large-scale renewable integration and strengthening transmission networks in fast-growing power markets.

The successful delivery of high-capacity VSC-based HVDC systems at this level reflects the increasing maturity of next-generation HVDC technology and its readiness to support complex grid requirements—both in India and in other regions facing rapid electrification and demand growth.

Supporting grid stability in renewable-heavy systems

VSC-based HVDC technology plays an increasingly important role in renewable-heavy power systems by providing fast frequency response, enhancing grid stability, and enabling precise control of power flows. These capabilities help manage variability, reduce congestion, and support reliable grid performance as renewable penetration continues to increase.

GE Vernova has a long-standing track record in delivering large-scale transmission projects in India. This includes its role in supplying HVDC technology for landmark projects such as the Champa–Kurukshetra HVDC link, one of the country’s earliest ultra-high-capacity transmission systems, which enabled long-distance power transfer across regions. Building on this experience, GE Vernova continues to support India’s evolving grid requirements through advanced transmission technologies designed for scale, reliability, and integration of new generation sources.

-ENDS-

Notes to Editors:

This letter of award is expected to be booked as an order by GE Vernova’s Electrification Systems segment in the first half of 2026

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 Grid Solutions business electrifies the world with advanced grid technologies and systems, enabling power transmission and distribution from the point of generation to point of consumption, and supporting a decarbonized and secured energy transition.

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 address GE Vernova's expected future business and financial performance, 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 business operations, financial results and financial position and on the global supply chain and world economy.