Munich, Germany (May 7, 2025) – GE Vernova Inc. (NYSE: GEV) today announced the launch of two key updates to its utility-scale FLEXINVERTER platform:

• The new FLEXINVERTER 1.5kV solution featuring advanced silicon carbide (SiC) technology for utility-scale battery energy storage systems (BESS).
• The expansion of its previously launched 2kV FLEXINVERTER solution for photovoltaic (PV) plants to International Electrotechnical Commission (IEC) markets, following its initial rollout in the United States.

Both developments represent important steps forward in enhancing energy efficiency, reducing project costs, and supporting the transition to a more sustainable global energy infrastructure.

The IEC markets refer to countries that follow International Electrotechnical Commission (IEC) standards for electrical equipment, including most of Europe, parts of Asia, Africa, and other global regions outside North America.

Advancing Efficiency with new inverter solutions

Built on GE Vernova’s proven FLEXINVERTER platform, the new 1.5kV SiC solution is designed to deliver greater electrical efficiency, higher power density, and more compact, lightweight inverter designs that optimize installation space. Silicon carbide technology allows inverters to operate at higher voltages and temperatures, helping reduce energy losses, cooling needs, and system size — ultimately lowering the levelized cost of storage (LCoS) and overall EPC (engineering, procurement, and construction) costs.

At the same time, GE Vernova has expanded its 2kV FLEXINVERTER for PV applications to support IEC markets, offering solar developers significant balance of system (BOS) cost savings through reduced cable sizes, lower energy losses, and improved system efficiency.

Global Manufacturing and Expansion

The FLEXINVERTER platform was developed at GE Vernova’s engineering center in Berlin, Germany, and will be manufactured at facilities in Chennai, India, and Pittsburgh, USA. Earlier this year, GE Vernova announced plans to expand capabilities at the Pittsburgh site, including a new manufacturing line for the FLEXINVERTER platform, expected to create more than 270 new jobs. The Chennai facility will also experience continued growth to support global supply chain needs.

"The introduction of the FLEXINVERTER 1.5kV SiC (BESS) and 2kV PV solutions reflect GE Vernova’s commitment to advancing technologies that meet the evolving needs of the energy industry," said Ed Torres, Business Leader, Power Conversion & Storage, GE Vernova. "Building on our prior success with the 2 kV solar inverter launch, this next step in battery storage technology is expected to deliver improved project economics, higher efficiency, and more sustainable energy solutions. We anticipate initial shipments to begin in the first half of 2026.”

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Delhi, India (May 01, 2025) – GE Vernova Inc. (NYSE: GEV) today announced it has been chosen by Power Grid Corporation of India Limited (POWERGRID) to supply over 70 extra high-voltage transformers and shunt reactors for key transmission projects across India. The 765 kV class units will support transmission infrastructure for renewable power evacuation projects under India’s Tariff-Based Competitive Bidding (TBCB) framework. The order has been booked through GE Vernova T&D India Limited, listed entity of GE Vernova’s Electrification business in India.

GE Vernova’s scope includes the supply, erection, testing, and commissioning of the equipment. Manufacturing will be carried out at GE Vernova’s power transformer facility in Vadodara, India. Deliveries are expected to begin in 2026 and continue through the end of 2027.

“This is one of the largest order intakes for GE Vernova’s Electrification segment in India and a significant milestone for our Vadodara facility,” said Ruchir Mayank, Commercial Leader of GE Vernova’s Power Transmission business in India. “We are proud to contribute to India’s grid modernization and renewable energy expansion, and we thank POWERGRID for their continued trust in our technology and execution capabilities.”

“These orders reflect the critical role GE Vernova is playing in advancing India’s transmission infrastructure to support global renewable energy goals,” said Sandeep Zanzaria, Managing Director and CEO of GE Vernova T&D India Limited. “As a listed entity in India, we are proud to contribute to national priorities by delivering extra high-voltage technologies that enable a more resilient power systems.”

POWERGRID is India’s largest electric power transmission utility and plays a central role in renewable energy integration. These orders - placed under a bulk procurement strategy - are expected to support high-capacity renewable power corridors in the states of Rajasthan, Gujarat, Karnataka, Tamil Nadu, and Andhra Pradesh.

The project reflects GE Vernova’s ongoing commitment to accelerating the energy transition in emerging markets. By enabling large-scale renewable integration, the initiative also helps enhance energy security and reduce dependency on fossil fuels.

GE Vernova’s Vadodara site has been designing, manufacturing and testing 765 kV class transformers and shunt reactors since 2009. To date, the Vadodara factory has manufactured and supplied more than 700 units across the country to ensure the reliable performance of India’s power network.

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Notes for financial editors:

The order was booked in Q1 of 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.

America’s demand for electric power is surging and, with it, the need to move electrons around the country. Nowhere is that trend more tangible than at GE Vernova’s Grid Solutions factory in Charleroi, Pennsylvania, a sprawling 332,000-square-foot facility that has been making high-voltage instrument transformers and high-voltage circuit breakers, key components of the electric grid for more than three decades.

American author and activist Helen Keller once observed that “optimism is the faith that leads to achievement.” Could optimism itself, therefore, be harnessed as a strategy? GE Vernova thinks so. At just one year old, the standalone energy technology company is remaking itself into a key player in the global energy transition.

TEXAS, US (March 25, 2025) - As utilities worldwide confront growing challenges in grid security, modernization, and reliability, GE Vernova has released a series of whitepapers offering practical strategies to strengthen energy systems. Launched during DISTRIBUTECH 2025 in Dallas, Texas, these whitepapers provide global grid operators with insights into cybersecurity, digitalization, automation and artificial intelligence (AI) strategies—all critical for ensuring a secure, resilient, and future-ready energy network.

Why grid reliability and automation are more crucial now than ever

The world is entering a new age of electricity, where AI-driven data centers, electrified transport, and industrial automation are reshaping energy demand. This shift is putting immense pressure on grids, forcing utilities to rethink their approach to resilience and efficiency. At the same time, energy grids have become prime targets for sophisticated cyberattacks. To respond, utilities must adopt scalable, software-based solutions that have the power to revolutionize the grid—enhance reliability without costly hardware overhauls, ensuring secure remote access and substation resilience, optimizing grid utilization, unlocking new economic opportunities, and more.

GE Vernova’s latest whitepapers provide actionable guidance to help utilities navigate these pressing challenges  to help secure their networks and achieve a grid fit for the future.

Key Focus Areas in the Whitepapers

1. Modernizing with Virtualized Protection, Automation & Control (VPAC)

Utilities are facing a fundamental shift in how protection and control systems are managed. Traditional hardware-dependent protection systems are struggling to keep up with evolving grid complexities, making virtualization an essential tool for modern utilities. GE Vernova’s research explores:

• Unlocking Resilience & Scalability with Virtualized Software-Defined Substation Solutions – GE Vernova’s study explores how virtualization can replace cumbersome hardware dependencies, reduce operational costs, and enable seamless remote upgrades—ushering in a new era of flexible, software-driven grid management. Download  here.

2. Strengthening Grid Cybersecurity

The power grid is no longer just an engineering challenge—it’s a security imperative. These grids remain prime targets for cyberattacks, with legacy systems and digital substations often serving as vulnerable points. Two whitepapers focus on:

• Secure Remote Access Solutions – Many grid assets were never designed for remote operation, making them highly vulnerable to cyberattacks. This whitepaper outlines next-generation access control strategies to safeguard legacy infrastructure while enabling seamless modernization. Download  here.
• Substation Cyber Resilience – Digital substations are revolutionizing grid management, but they also introduce new risks. This whitepaper explores multi-layered cybersecurity strategies that strengthen defenses, minimize attack surfaces, and protect against sophisticated grid disruptions. Download  here.

3. Empowering Intelligent Grids With AI

• The energy landscape is rapidly transforming, and utilities are facing unprecedented challenges driven by the integration of renewable energy sources, increasing grid complexity, and the need for enhanced resilience against cyber threats and extreme weather events. Traditional grid management approaches are proving inadequate in addressing these dynamic challenges. This whitepaper—part of a series of four—delves into the pivotal role that AI can play in revolutionizing grid management. Download here.

Showcasing Innovation at DISTRIBUTECH 2025

At DISTRIBUTECH 2025 in Dallas, Texas, GE Vernova is showcasing its latest advancements in grid digitization and automation technologies, providing real-world solutions for grid reliability, security, modernization and orchestration. Experts will be on-site at Booth Number 3223 to discuss the insights from the whitepapers and demonstrate how advanced digital and automation solutions can help utilities build a more resilient and future-proof power network.

LONDON, UK (March 13, 2025) - National Grid today announced the awarding of two parts of a £59bn High-Voltage Direct Current (HVDC) supply chain framework to deliver the required works and equipment needed for key energy projects across the UK. The announcement sees four suppliers, including GE Vernova, being awarded places on the HVDC Converter Framework, totaling approximately £24.6bn. The agreement is applicable for a five-year period, with the potential to extend for a further three years. 
 

Read the full press release here: https://www.nationalgrid.com/media-centre/press-releases/national-grid-awards-hvdc-supply-chain-framework-contracts

GE Vernova and PyroGenesis sign MOU to advance industrial electrification

This Saturday marks International Women’s Day, a chance to celebrate the social, economic, cultural, and political achievements of women all over the world. This year we asked electrical engineer Elisabetta Lavopa to talk about her life and work. Lavopa hails from Italy and now works as HVDC System Studies team lead in GE Vernova’s Grid Solutions business in Stafford, England.

What is your role today, and how does it fit with your career expectations?

CAMBRIDGE, Mass. (March 4, 2025) – GE Vernova Inc. (NYSE: GEV) and Amazon Web Services, Inc (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced the signing of a strategic framework agreement (SFA) aimed at supporting AWS’s data center scaling, and collaborating to address increasing global energy demand, advance grid security and reliability, and decarbonize electric power systems.

Through this collaboration, GE Vernova will provide AWS with new offerings across a broad scope of solutions to electrify and decarbonize data centers across North America, Europe, and Asia, including:

• Electrification Systems: GE Vernova will continue to provide AWS with turnkey substation solutions to enable connectivity of AWS data centers to the grid, including expansion of major electrical equipment, project management, and construction support, across multiple sites globally. AWS and GE Vernova engineering teams will continue to work together to optimize data center substation design and delivery.
• Renewables: GE Vernova will collaborate with AWS to enhance the path for commercializing onshore wind development projects.
• Power Generation, Innovation and Services: GE Vernova and AWS will also explore additional opportunities for GE Vernova to provide power generation equipment and services to AWS as well as work with GE Vernova’s accelerator businesses – Advanced Research, Consulting Services, and Financial Services – to advance energy transition innovation, research, project development, and financing.

Pablo Koziner, Chief Commercial Officer, GE Vernova said, “We are excited to work in collaboration with AWS as they advance their computing capabilities and data center capacity. We believe that GE Vernova is well positioned through its broad portfolio of energy products and services to help AWS obtain reliable, cost effective, and more sustainable electricity for its data centers in support of their growth objectives. We appreciate the opportunity to work strategically with a company that embraces innovative solutions and values strong collaboration.”

Under this new collaboration, AWS will provide GE Vernova cloud services solutions to advance its cloud migration and digital innovation efforts, including through generative AI. AWS’s cutting-edge capabilities will support GE Vernova’s continued transformation as a standalone, public company as it enhances its systems and processes and further embeds sustainability and innovation into its core operations. The extended collaboration will introduce new potential technologies and cloud services, including AWS High Performance Computing (HPC). The collaboration will also help GE Vernova accelerate development cycles and optimize operations for advanced digital technology solutions through large computational power and cloud elasticity. AWS and GE Vernova will further work together to identify opportunities to accelerate GE Vernova’s operational goals, leveraging AWS technologies in artificial intelligence, big data, and data analytics.

Additionally, AWS will continue to collaborate with GE Vernova’s Electrification Software business to help support AWS Cloud deployments of software for the electric grid, power generation, and manufacturing industries.

“Through this expanded collaboration with GE Vernova, we’ll be able to accelerate data and energy efficiencies, driving reliable and more sustainable operations,” said Howard Gefen, general manager, energy & utilities, AWS. “Our shared goals of addressing increased global energy demand, advancing grid security, and decarbonizing electric power systems will help our customers across the globe.”

GE Vernova previously announced agreements to collaborate with AWS to help support cloud deployments of software to benefit electric utilities, energy organizations, manufacturers, and other industrial businesses. Through these collaboration arrangements, several of GE Vernova’s software solutions—including various applications within its GridOS® orchestration software portfolio, as well as Asset Performance Management—are hosted in the AWS Cloud.

Financial terms of this agreement are not disclosed.

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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 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.

About Amazon Web Services
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 114 Availability Zones within 36 geographic regions, with announced plans for 12 more Availability Zones and four more AWS Regions in New Zealand, the Kingdom of Saudi Arabia, Taiwan, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

Forward Looking Statements
Except for the historical and factual information contained herein, the matters set forth in this press release, including statements related to the benefits of the parties’ collaboration, the parties’ business outlook and potential future operations or transactions, and that may be identified by words such as “will,” “believes,” “expects,” “plans” and similar expressions, are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including the risks that the parties’ anticipated benefits from their agreement and continued collaboration may take longer to be realized or be less than currently anticipated, that the benefits of AI and other emerging technologies may take longer to be realized or be less than currently anticipated, or that certain of the parties’ plans for future changes may be more difficult or time consuming to implement than currently expected. Many of these risks, uncertainties and assumptions are beyond the parties’ control. Actual events and results may differ materially from those anticipated, estimated or projected if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date made. Unless legally required, neither party undertakes any obligation and expressly disclaims any such obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

In Türkiye, demand for electricity is surging. With a growing — and urbanizing — population, the country ranks 15th in the world in annual energy production, outpacing several nations with much larger populations.