CAMBRIDGE, Mass. (September 16, 2024)– GE Vernova Inc. (NYSE: GEV) has been chosen by Quinbrook Infrastructure Partners (Quinbrook) as the Battery Energy Storage System (BESS) integration provider for the second stage, comprising 250 MW/1,000 MWh of storage, of their Supernode BESS project in Queensland, Australia.

Quinbrook’s Supernode project, involves the creation of a BESS and data center complex in Queensland. Once complete, the 750 MW (2–4 Hour) BESS site is expected to be one of the largest battery storage installations in the Australian national electricity market. Construction of this 250 MW/1,000MWh battery storage system is the second stage of a proposed three-stage project. In early 2024, GE Vernova was also awarded the contract for BESS integration for Stage 1 of the project comprising 250 MW/500 MWh, which is already underway.

“We believe GE Vernova’s product portfolio, engineering expertise, and project delivery capabilities align perfectly with the needs of the Supernode project,” said Ed Torres, Business Leader of GE Vernova’s Solar & Storage Solutions business. “This project is a testament to the strength of our value proposition and capabilities in this space. We expect to continue to be a valued and trusted collaborator for large grid-scale integrated BESS projects in the region and around the world. We thank Quinbrook for their continued trust in GE Vernova as a technology partner for the Supernode project.’

GE Vernova is responsible for the supply and commissioning of the power conditioning systems, power plant controller SCADA systems, and capacitor bank\harmonic filter as well as integration engineering and GPS connection support.

Quinbrook is a specialist investment manager focused on the energy transition through renewables, energy storage, and grid infrastructure. Quinbrook has projects in the U.S., UK, and Australia.

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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 address GE Vernova and Quinbrook'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 business operations, financial results and financial position and on the global supply chain and world economy.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, 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 Solar & Storage Solutions business provides technologies in solar energy, battery energy storage, and power plant controls to drive dispatchable and reliable renewable energy solutions and to help with the transition to a cleaner energy future.

Media Contact

Anshul Madaan

GE Vernova

Media Relations

[email protected]

+91 8377880468

CAMBRIDGE, Mass. (September 11, 2024) – GE Vernova Inc. (NYSE: GEV) today announced the launch of its new 6 MVA, 2000-volt direct current utility-scale inverter, with a multi-megawatt pilot installation in North America. This initiative is aimed at further reducing solar energy costs and accelerating the transition to renewable energy and decarbonization.

A History of Innovation in Solar Inverters
In 2012, GE Vernova was the first to introduce the 1500 Vdc inverter to the market, helping customers reduce the cost of renewable energy through more efficient solar farm layouts. Now, with the 2000 Vdc architecture, the company is once again leading the way by further reducing the levelized cost of energy (LCoE) for solar PV installations. The inverter can boost power output by 30% within the same footprint, reducing costs and improving scalability for solar farms.

“At GE Vernova, we are driving the next generation of utility-scale solar solutions,” said Ed Torres, Business Leader, GE Vernova Solar & Storage Solutions business. “Inverters are critical to increasing solar capacity and ensuring efficient energy conversion. Our latest innovations will help solar farms maximize output and reliability, playing a key role in meeting growing energy demands and advancing renewable energy adoption.”

Solar inverters are key components of photovoltaic (PV) plants. The technology converts DC power produced by solar panels to AC power, which is then fed into the main grid. The FLEXINVERTER 2000 Vdc (also known as FLEXINVERTER 2 kVdc) is the latest addition to GE Vernova’s FLEXINVERTER portfolio.

Collaborating for a Renewable Future
GE Vernova’s FLEXINVERTER 2000 Vdc is set to debut in a multi-megawatt solar park as a pilot installation in North America, expected to be operational by Q1 2025. The company is collaborating with Shoals Technologies Group™ and an industry PV module supplier on this project. GE Vernova will provide the 2000 Vdc inverter for the solar park, while Shoals Technologies will supply the electrical balance of system solutions. The other collaborating supplier will provide the PV modules.

“We’re thrilled to be part of this collaboration with other solar innovation leaders,” said Jeff Tolnar, President of Shoals Technologies Group. “We believe this effort moves the market towards an even lower cost of solar deployments which we anticipate will spur adoption and further advance solar as the most economical alternative to fossil fuels.”

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Notes to Editors:

More details about GE Vernova’s FLEXINVERTER 2000 Vdc can be found here.

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.

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 Solar & Storage Solutions business provides technologies in solar energy, battery energy storage, and power plant controls to drive dispatchable and reliable renewable energy solutions and to help with the transition to a cleaner energy future.

About Shoals Technologies
Shoals Technologies Group is a leading provider of electrical balance of systems (“EBOS”) solutions for the energy transition market. Since its founding in 1996, the Company has introduced innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability. Shoals Technologies Group is a recognized leader in the renewable energy industry. For additional information, please visit: https://www.shoals.com.

CAMBRIDGE, Mass. (September 10, 2024) – GE Vernova Inc. (NYSE: GEV) today announced the launch of its advanced containerized solution for Battery Enabled Energy Storage (BESS) - the RESTORE DC Block - which offers enhanced safety, efficiency, flexibility, and long-term performance. With a capacity of 5MWh and enhanced duration range of 2-8 hours, the solution offers the ability to support multiple grid use cases for utility-scale renewable and energy storage projects.

RESTORE DC Block is a core component of GE Vernova’s FLEXRESERVOIR solution - an integrated system combining battery storage, power electronics, and advanced controls - that is designed to support seamless integration of renewable energy sources like solar and wind. By storing surplus energy during periods of high generation and releasing it when demand peaks, it ensures a more reliable and efficient grid.

“Our new RESTORE DC Block is engineered not only to meet the stringent technical requirements of modern grids but also to prioritize safety, quality, delivery, and cost,” said Ed Torres, Business Leader, GE Vernova’s Solar & Storage Solutions business. “This solution demonstrates our ongoing commitment to driving the energy transition by offering flexible, high-performance storage solutions that enhance renewable energy integration while driving down the Levelized Cost of Storage (LCOS).”

Key features of the RESTORE DC Block include:

Safety First: Equipped with comprehensive fire protection systems, the RESTORE DC Block ensures a high standard of safety. The system is designed to mitigate potential hazards while offering defense against cyber threats, ensuring more secure and reliable operations in all environments.

Advanced Digital Technology: Integrated intelligent thermal management and high-speed edge analytics provide precise monitoring of the system’s state-of-charge, state-of-health, and state-of-safety, enhancing operational efficiency and reliability. The system also features zero-touch commissioning for quick, hassle-free deployment.

Performance and Longevity: Powered by liquid-cooled LFP (Lithium Iron Phosphate) cells, the RESTORE DC Block delivers an industry-leading 93%+ round-trip efficiency (RTE), is capable of executing multiple back-to-back cycles, and is designed to offer consistent performance over a 25-year life. It operates reliably in a broad range of temperatures from -30°C to 50°C, making it suitable for diverse climates and geographies.

Flexible Installation & Augmentation: The system is designed for versatility, supporting back-to-back and side-to-side configurations to optimize space. It also features both AC and DC augmentation options, allowing for customized scalability with a usage-based capacity guarantee.

The RESTORE DC Block can empower utility companies, renewable energy developers, and grid operators by delivering greater grid resilience, reducing energy costs, and optimizing renewable energy integration, thereby accelerating the transition to a dispatchable clean energy future.

For more information about the RESTORE DC Block and how it can support energy needs, visit our website

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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 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.

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 Solar & Storage Solutions business provides technologies in solar energy, battery energy storage, and power plant controls to drive dispatchable and reliable renewable energy solutions and to help with the transition to a cleaner energy future.

ANKARA, Turkey (May 28, 2024) - GE Vernova Inc. (NYSE: GEV) today announced it has signed a contract with Kalyon PV to supply its FLEXINVERTER^TM solar power station, as well as design and engineering services, to Kalyon PV in Viranşehir, Turkey. Inogen, GE Vernova’s regional solutions provider, will be in charge of the construction and installation of the solar power station.

GE Vernova’s solar power station is expected to power Kalyon Enerji’s 157 megawatt (MW) solar photovoltaics (PV) factory, making Kalyon Enerji one of the first companies in Turkey to produce solar panels using 100% renewable electricity when commissioned.

“We are proud to be a driving force behind Turkey’s transition to clean energy. By investing in solar panel manufacturing and providing these solar panels to large-scale solar power plants, we’re not only providing sustainable energy solutions, but also creating jobs and contributing to Turkey's energy independence,” said Dr. Murtaza Ata, Board Member of Kalyon PV.

"After having executed several Renewable Energy Resources Zones (YEKA) projects in Turkey, we are now focusing on industries that want to produce captive power at a utility scale for their self-consumption through PV projects, such as Kalyon PV’s solar power plant in Viranşehir, and renewable hybrid projects, including large scale storage. We offer a comprehensive financing to support our customers, which includes support from export credit agencies. This financing package enables us to provide competitive financing options to facilitate and scale up the adoption of renewable energy technologies in the energy sector," said Megi Gabriyel, Region Leader Solar & Storage Solutions, Middle East, Africa & Turkey at GE Vernova.

With 2.5 GWp/1.9 GWe of combined solar power capacity in Turkey, including commissioned and ongoing projects, GE Vernova’s FLEXINVERTER^TM technology is playing a pivotal role in the development of Turkey’s solar industry.

“Thanks to our strategic relationship with GE Vernova, we ensure seamless coordination of supply chain and field activities, addressing key challenges in project execution. Our professional teams, comprising more than one thousand employees, will provide continuous support, enabling swift intervention during both the installation and operation phases of the Viranşehir power plant,” said Ali Murat SOYDAN, Assoc. Prof. Dr., Chairman Inogen Group.

This collaboration builds upon an existing relationship, leveraging the success of Kalyon Enerji’s 1,347 MWp/1,000 MWe Karapinar solar power plant in the Konya Karapinar province, which deployed GE Vernova's FLEXINVERTER^TM solar technology. Commissioned in 2023, the Karapinar facility is Turkey’s largest single source of solar power to date. The project was part of the first Turkish solar YEKA GES tender launched in 2017 by the Turkish Ministry of Energy under the Renewable Energy Resources Zones (YEKA) program that streamlines the development of large-scale solar and wind farms.

Turkey's rapid expansion of its renewable energy sector, driven by a growing electricity demand and a commitment to reducing carbon emissions, positions solar power as a key driver of this growth. According to the International Energy Agency (IEA), Turkey aims to commission an impressive 10 GW of solar capacity between 2017 and 2027, with projections indicating a surge of approximately 500% to 52.9 GW by 2035. ¹

Additionally, GE Vernova is uniquely positioned to deploy its Battery Energy Storage Solution FLEXRESERVOIR^TM coupled with financing to support Turkey’s next phase of renewable energy projects with storage.

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Notes to Editors
GE Vernova’s Solar and Storage portfolio includes the FLEXINVERTER^TM, the FLEXRESERVOIR^TM and the FLEXIQ^TM technologies. The FLEXINVERTER^TM solar power station is an integrated containerized solution that combines a solar inverter, a medium voltage power transformer, and an optional MV Ring Main Unit, all integrated in a standard 20-feet ISO high cube container. FLEXRESERVOIRTM is a systems integrated battery energy storage and power electronics solution for multiple configurations and market applications. FLEXIQTM is a digital platform that provides design, operation, and fleet management solutions to enable grid compliance and maximize lifetime customer value. These solutions reduce capital and operation costs and enable more reliable plant performance.

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 80,000 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 Solar & Storage Solutions business provides technologies in solar energy, battery energy storage, and power plant controls to drive dispatchable and reliable renewable energy solutions and to help with the transition to a cleaner energy future.

About Kalyon Enerji

“We produce clean energy for a self-sufficient world in energy. Guided by sustainability principles and development goals, we are working with dedication to continuous improvement and make impact investments.”

Kalyon Energy, emerged from Kalyon İnşaat, the locomotive company operating under the umbrella of Kalyon Holding, during the realization process of 1,350 MWp Karapınar YEKA GES-1 project and 1,000 MW YEKA RES-1 project of which the tenders were made in 2016 and the contracts signed in 2017 and reached to its current shareholding structure in 2022 after the acquisition of 50% of the shares by International Holding Company(IHC) from UAE.

By approaching the escalating energy demands of Türkiye and the world with a sustainability vision, taking into account both the country's targets and global needs, making our impact investments in clean energy, we play a prominent role in the fight against climate change.

Our top priority is to make energy accessible to everyone, including disadvantaged groups, by using clean and renewable energy sources. To this end, we focus our investments on solar and wind power plants. We also invest in energy storage facilities so that renewable energy can become widespread and a part of our daily lives.

• Contract signed with ST Engineering Marine Limited to supply GE Vernova’s Ship’s Electric Grid for use on the Republic of Singapore Navy’s six new Multi-Role Combat Vessels (MRCVs)
• GE Vernova’s Ship’s Electric Grid manages and distributes electric power throughout the ship and includes its energy-efficient Integrated Full Electric Propulsion (IFEP) system
• The MRCVs will be the Republic of Singapore Navy’s first IFEP-powered vessels

United Kingdom: March 18, 2024 - GE Vernova’s Power Conversion business has been awarded a contract by Singapore shipbuilder ST Engineering Marine Limited to supply its Ship’s Electric Grid with Integrated Full Electric Propulsion (IFEP) equipment for the Republic of Singapore Navy’s six-ship Multi-Role Combat Vessel (MRCV) program.

The six MRCVs will be the first IFEP-powered vessels for the Republic of Singapore Navy (RSN) and will replace its fleet of mechanical drive Victory-class missile corvettes, which have been in service since 1989. Delivery of the electric propulsion systems for the new ships is planned over the next 10 years.

GE Vernova’s Ship’s Electric Grid delivers the electrical power required by the ship’s propulsion, and energizes its operational and mission systems, such as radar and communications. With the ability to share electric power to any load on the ship’s power network, the system is more energy-efficient and cost-effective to operate than a conventional mechanical drive configuration.

GE Vernova’s Ship’s Electric Grid includes all generators, medium-voltage switchboards, transformers, propulsion variable frequency drives (VFDs), electric propulsion motors, thruster motors, soft starters, a shore power connection, power management system (PMS), and the propulsion control system (PCS).

The modular platform design of the RSN’s new MRCVs allows for different naval missions requiring electric power. This includes the ability to host unmanned air and surface vehicles, which will expand the area of each vessel’s surveillance capability.

Andy Cooper, General Manager at GE Vernova’s Power Conversion UK business, said: “Power Conversion is pleased to equip the RSN’s new MRCVs with electric power. Like so many other navies around the world, the RSN is adopting an electric ship configuration as an enabler for increased levels of power and energy-efficiency. Being equipped with an electric grid allows a ship the ability to share every bit of available power throughout the vessel, strengthening its energy surety and even helping to reduce greenhouse gas emissions”.

With deep expertise in marine and naval performance requirements, GE Vernova’s Power Conversion UK center of excellence (COE) will be responsible for the design, systems engineering, manufacturing and testing of the equipment. The execution of the project will be supported by the Power Conversion Asia team based in Singapore, who will oversee project engineering, project management, commissioning and sea trials.

GE Vernova’s Power Conversion business powers the majority of the UK Royal Navy’s large vessel fleet, including Queen Elizabeth Class, Type 45 and Type 26 vessels, as well as many other global naval programs.

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About GE Vernova
GE Vernova is a planned, purpose-built global energy company that includes Power, Wind, and Electrification businesses and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. 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 80,000 employees across 100+ countries around the world. GE Vernova’s Power Conversion business provides energy conversion technologies, systems, and services across the power and energy-intensive industries, driving the electric transformation of the world’s energy and industrial infrastructure.

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. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

Varco Energy, a pioneering UK-based battery storage asset owner and operator, and GE Vernova’s Solar & Storage Solutions business, are pleased to announce a partnership for the development of a 57 MW / 138 MWh transmission connected Battery Energy Storage System (BESS) south of Liverpool, UK.