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.

NISKAYUNA, NY (January 29, 2025) – To help deliver on the world’s growing energy demands and the breakthrough technologies of tomorrow, New York Governor Kathy Hochul and GE Vernova Inc. (NYSE:GEV) today announced a planned investment of more than $105 million into the company’s Advanced Research Center in Niskayuna, New York. This investment is expected to strengthen the Center’s electrification and decarbonization efforts, enable continued recruitment of top-tier talent, and push forward transformative technologies including carbon dioxide removal, alternative fuels for power generation, the grid of the future, critical infrastructure security and more.

The State of New York has committed $9.635 million in tax credits through Empire State Development (ESD) to the project, with GE Vernova making a planned investment of nearly $100 million in 2025. Schenectady County Metroplex Development Authority has also been invited by ESD to apply for potential FASTNY grant funds to supplement infrastructure build out at the site.

“The clean energy future is bringing new investments, good-paying jobs and a cleaner environment to our state, and we’re proud to work alongside GE Vernova as we further our shared vision in Niskayuna and beyond,” Governor Hochul said. “New York is becoming a leading manufacturing and R&D hub for clean energy; bringing us closer to achieving our climate agenda and building a better, cleaner future for generations to come.”

“GE Vernova is committed to strengthening its world class research and development center designed to advance the world’s progress in the energy transition, continuing our long history of innovation here in the Capital Region” said David Vernooy, Vice President Advanced Research, GE Vernova. “This investment aims to enable game changing technologies through state-of-the-art labs, a new customer experience center, and collaboration space to advance partnerships with governments, customers, thought leaders and innovators alike. We are ready to lead, and excited about the breakthroughs this investment will bring forward.”

GE Vernova’s Advanced Research Center (ARC) team actively and closely partners with stakeholders, including the U.S. Department of Energy and the US Department of Defense. ARC plans to significantly expand its research staff, hiring 75 new researchers, and through new labs, enabling a significant step-up in research and development across multiple technologies, including:

• Carbon dioxide removal: Demonstration of a 10 ton per year Direct Air Capture system enabled by GE Vernova’s world-class sorbents, innovative cycling, and modular design.
• Alternative fuels/H2 for power generation: Combustion technologies and utilization pathways to enable low carbon intensity fuels.
• Building grid resilience: Create a highly connected, renewable ready, digitized, and more secure grid of the future.
• Advanced manufacturing technology for wind energy: State of the art robotics and AI inspection technology to drive a step change in wind blade manufacturing and quality.
• Long duration energy storage breakthrough: Enabling renewable energy to meet its full potential with low-cost reliable energy storage solutions, ranging from pumped hydro to advanced chemical storage systems.
• Critical infrastructure security: Advanced digital frameworks and robust hardware solutions for national energy assets.
• Product sustainability technology: Identifying and implementing a low carbon supply chain for critical components in sustainable energy.

Some examples of the new technologies under research and development at GE Vernova’s Advanced Research Center are detailed below.

Carbon Dioxide Removal
Carbon capture is a critical piece of the energy transition, to capture point source emissions from power generation and enable removal of carbon directly from the atmosphere. This investment will allow GE Vernova to build a cutting-edge, premier laboratory space to drive down the energy use and capital expenditure of carbon capture.

The new lab will work towards demonstration of a 10 ton-per-year Direct Air Capture test stand enabled by our world-class sorbents, innovative cycling, and modular design. This size is chosen to make necessary adjustments so the design is scalable and economical at a significant level, a necessary step to meet the world’s climate goals and ensure widespread usage of the technology.

Alternative Fuels for Power Generation
The fuels of the future will help determine how quickly and efficiently the world can electrify and decarbonize, and GE Vernova is actively working across multiple types of fuels. Developing and delivering fuels that will allow combustion without carbon, such as hydrogen or ammonia is an immediate focus, alongside longer-term work utilizing electrolyzers to create hydrogen, combine it with CO₂ and make safer, carbon-neutral synthetic fuels. 

Building Grid Resilience
GE Vernova’s Advanced Research Center team plans to invest more heavily in Multi-Terminal HVDC, a key to expanding the capabilities and functionality of the U.S. grid of the future. It will also strengthen the ability to connect multiple sources of power generation to the grid.

HVDC is a more economical and efficient way to transmit power over long distances, but current technologies do not allow for “off-ramps” between the point of generation and the end of the transmission line. For example, if an HVDC line starts in one state and delivers power to another, it cannot deliver power to areas in other states along its path. Multi-Terminal HVDC offers the possibility of coast-to-coast transmission superhighways, efficiently delivering electricity across long distances.

Additional Investment in AI
In a separate investment at the company’s Advanced Research Center, GE Vernova plans to invest $15 million into AI efforts.GE Vernova’s Advanced Research Center has a generations-long history of developing game-changing technologies, such as gas turbine technology designed to be the world's most efficient gas turbine, advanced algorithms for efficient, resilient grid planning, operations, and maintenance, small modular nuclear reactors, and 100% hydrogen combustion for carbon-free power generation.

Investing in Historic Schenectady Facility
GE Vernova also shared today nearly $90 million in planned investments at its iconic Schenectady facility.

In Schenectady, NY, as previously announced, GE Vernova is planning to hire on more than 100 new jobs in 2025, and is investing over $50 million to support capacity growth and sustainability, industrialization and quality efforts.

To further strengthen the U.S. supply chain for renewable energy through factory upgrades and tooling and fixtures investments, GE Vernova’s Wind business is planning to invest more than $30 million in Schenectady. This follows a previously announced $50 million investment to build a new manufacturing line in Schenectady that created more than 200 new jobs.

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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 approximately 75,000 employees across 100+ countries around the world. GE Vernova’s Advanced Research business is an innovation powerhouse, operating at the intersection of science and creativity to turn cutting edge research into impactful realities. Advanced Research collaborates with GE Vernova’s businesses across a broad range of technical disciplines to accelerate the energy transition. 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 memoranda of understanding and the expected impact of the relationships created thereunder, contract and project proposals, bidding processes, government review processes and competitions, 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.

NISKAYUNA, New York (January 16, 2025) - GE Vernova Inc.’s (NYSE: GEV) Advanced Research has completed the independent verification and validation milestone of the Department of Defense, Defense Advanced Research Projects Agency (DARPA) AIR2WATER project, demonstrating the successful completion of the Atmospheric Water Extraction (AWE) program awarded to GE Vernova.

Today, soldiers in arid regions get water through bottled water, which is often transported by caravan. This causes significant logistical hurdles. To address water scarcity and the cost and logistics burden of water supply, DARPA created the Atmospheric Water Extraction (AWE) program, of which GE Vernova Advanced Research was a performer.

The 4-year project delivered a transformation in atmospheric water extraction by developing an “Advanced-manufactured, Integrated Reservoir To extract Water using Adsorbents and Thermally Enhanced Recovery (AIR2WATER)” technology. The AIR2WATER project has now concluded, following the successful independent verification and validation (IV&V) of GE Vernova’s standalone, sorbent integrated AIR2WATER system.

“The DARPA AWE-funded AIR2WATER project has been a catalyst to accelerate GE Vernova’s development of solid sorbent technologies,” says David Moore, Carbon Capture Technology Leader with GE Vernova’s Advanced Research Center. “Our technical differentiation is derived from the exquisite coupling of sorbent plus process in a modular, scalable system that produces potable water. Not only is the integrated sorbent the beating heart of the AIR2WATER system for atmospheric water harvesting, but it is also the enabling technology for several adjacent applications, including HVAC and carbon capture (direct air capture and point source capture of CO₂).”

Working closely with collaborators, including the University of California, Berkeley (UCB), the University of Chicago, and the University of South Alabama, GE Vernova’s Advanced Research Center successfully designed, constructed, and tested the AIR2WATER system. The AIR2WATER prototype utilizes advanced solid sorbents, which are crystalline sponges with affinity for water, including pioneering metal-organic frameworks (MOFs) developed by Prof. Omar Yaghi at UCB and computationally investigated by Prof. Laura Gagliardi, professor at the UChicago Pritzker School of Molecular Engineering and Chemistry Department. To move these innovations in chemistry towards system scale application, detailed measurements describing the speed of water capture in these materials were completed by Prof. T. Grant Glover at the University of South Alabama. The revolutionary MOF sorbent is integrated into a heat exchanger, which is contained in a device the size of a refrigerator. Together, they capture water vapor from thin air. The system is powered by a fuel source to capture and release the water vapor, ultimately precipitating distilled, potable liquid water.

The IV&V team tested the AIR2WATER prototype device and resultant water quality across a wide range of relevant environmental conditions, including outdoor and exhaust exposure conditions, at the Aberdeen Proving Ground in Aberdeen, Maryland. The AIR2WATER tabletop unit produces distilled water 24-hours a day, 7-days a week. Through AirJoule® LLC, a 50/50 joint venture between GE Vernova and AirJoule Technologies Corporation (Nasdaq: AIRJ), this technology is being commercialized at scale across a wide breadth of applications including atmospheric water harvesting for military and humanitarian uses, along with industrial dehumidification and commercial air conditioning. AirJoule LLC’s commercial deployment of the technology underpinning the AIR2WATER unit has the potential to address water scarcity around the world.

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Acknowledgement and Disclaimer
This material is based upon work supported by the Defense Advanced Research Projects Agency (DARPA) under Contract No. HR0011-21-C-0020. Any opinions, findings, and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the DARPA.

NISKAYUNA, New York (December 19, 2024) – Signaling a significant alliance in the energy transition landscape, GE Vernova’s (NYSE: GEV) Advanced Research Center (ARC) has supplied a 3.4-140m, 81m hub height wind turbine to the National Renewable Energy Laboratory (NREL). This transaction represents a deeper, strategic relationship aimed at enabling groundbreaking collaborative research using GE Vernova's assets - underscoring the potential for government and private sector cooperation to drive innovation and progress in critical areas of energy research.

GE Vernova’s 3.4 MW-140m wind turbine will serve as the research platform with NREL, the leading US government laboratory on wind research, in a project funded through a Department of Energy (DOE) solicitation. The fields of exploration encompass several critical areas, each aimed at advancing wind technology and energy systems, including grid testing, installation and services technologies, sensors and controls, mechanical systems, advanced aerodynamic solutions, direct current (DC) coupling and battery energy storage systems (BESS), and hydrogen electrolyzers to improve energy efficiency and storage. These areas align with GE Vernova’s strategic priority to facilitate widescale deployment of large-scale wind energy systems – key to which are advancements in sensors that expand observability, advanced models that capture complex atmospheric and structural behaviors, and sophisticated algorithms and analytics that optimize turbine coordination and resilience.

“By integrating GE Vernova’s 3.4 MW-140m wind turbine into ongoing and new joint research projects, NREL and GE Vernova can accelerate the development of these critical technologies,” says Matt Guyette, Strategy and Product Leader of GE Vernova’s Wind business, “with the aim of making large-scale wind energy systems more accessible and efficient.”

This transaction enables both organizations to leverage each other's expertise and resources to drive innovation and advance critical wind technologies - creating a platform for groundbreaking research that would be difficult to achieve independently. “GE Vernova’s Advanced Research Center’s provision of this turbine to NREL for use in energy research is crucial for advancing wind technologies and accelerating decarbonization efforts for both organizations," says Rogier Blom, Renewables Breakthrough Technologies Leader at GE Vernova’s Advanced Research Center. "This strategic research relationship supports cutting-edge research for next-generation wind turbines, cost-effective renewable energy, and grid integration."

This collaboration not only advances wind technology but also renewable energy solutions. NREL is particularly interested in using this turbine to research green hydrogen production. Wind energy, which can be more consistent than solar, can significantly boost the efficiency and scale of hydrogen production, contributing to lower carbon energy alternatives. This research focuses on directly coupling wind turbines into a DC power architecture, enabling smoother integration with electrolysis systems rather than connecting them to the grid. This dedicated approach is particularly crucial for heavy industries like steel manufacturing, where a steady supply of green hydrogen supports decarbonization and creating a more sustainable global economy.

The 3.4 MW-140m turbine will be installed in 2026 at the NREL Flatirons site, home of the National Wind Technology Center, in Colorado, where it will join a fleet of equipment dedicated to advancements in energy research.

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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 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 Advanced Research business is an innovation powerhouse, operating at the intersection of science and creativity to turn cutting edge research into impactful realities. Advanced Research collaborates with GE Vernova’s businesses across a broad range of technical disciplines to accelerate the energy transition.

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.

Em novembro deste ano, a matriz elétrica brasileira atingiu o marco de mais de 228 GW em capacidade instalada, sendo uma das maiores e mais diversificadas globalmente. A participação de fontes de energia renováveis ​​como hidrelétrica, eólica, solar e biomassa, respondem por mais de 90% do total, fazendo do Brasil o país do G20 que possui a matriz elétrica com maior uso de energias renováveis, de acordo com estudo da Ember Climate. 

Essa realidade é bastante favorável para o país, principalmente no contexto da transição energética, que almeja ajudar no combate às alterações climáticas resultantes do aquecimento global. Uma das maneiras de limitar esse aquecimento é justamente por meio da descarbonização, ponto fundamental da transição.

No Brasil, o setor de energia não é o principal emissor de carbono. De acordo com um estudo da Empresa de Pesquisa Energética (EPE), em 2022, estima-se que a produção e o uso de energia tenham correspondido a apenas 24% das emissões brasileiras de gases de efeito estufa (GEE), número explicado pela matriz energética diversificada e com ampla participação de fontes renováveis. Contudo, a descarbonização do setor elétrico é chave tanto para reduzir ainda mais sua participação direta nas emissões, quanto para apoiar os demais setores que precisam de eletrificação e descarbonização, como o setor de transporte, unindo esforços para ajudar a combater o aquecimento global.

Diante disso, o crescimento de fontes como a eólica e a solar segue como um dos principais pilares da descarbonização, inserindo ainda mais energia renováve na matriz que apoiará as demandas por uma eletrificação eficiente e sustentável. Há algumas décadas, essas fontes – até então consideradas alternativas – ainda não figuravam nas estatísticas de geração de energia com os primeiros projetos sendo iniciados apenas no final dos anos 2000. Hoje, a realidade é bem diferente, e essas mesmas fontes já respondem por mais de 20% da matriz elétrica brasileira, número que deve chegar aos 23% em 2028, segundo a projeção do Operador Nacional do Sistema (ONS).

INTEGRAÇÃO É CHAVE PARA A DESCARBONIZAÇÃO

Espera-se que o crescimento da geração eólica e solar continue especialmente considerando os objetivos da transição energética. Contudo, esse crescimento vem acompanhado de grandes desafios, dada a intermitência característica dessas fontes, por exemplo, considerando que há períodos nos quais os ventos não estão soprando com todo seu potencial e o sol deixa de incidir sobre os parques solares.

Para equilibrar o sistema, outras fontes entram em ação e destacam a importância de seu papel ao complementar a rede elétrica conforme a demanda, fornecendo energia despachável. Uma dessas fontes é a hidráulica, que detém a maior participação na matriz elétrica do país, sendo sua principal fonte de energia renovável há décadas e uma grande aliada da transição energética. Cláudio Trejger, CEO da unidade de Hydro Power para a América Latina, alerta para o fato de que as usinas hidrelétricas brasileiras estão operando há décadas e é fundamental investir também na modernização delas. Esse tipo de serviço ajuda a prolongar a vida útil desses ativos, melhorando a eficiência e otimizando a utilização do recurso hídrico disponível para atender à demanda de eletricidade no país. “Existe uma grande oportunidade para aumentar a potência em várias usinas, porém as geradoras não têm explorado esta possibilidade, pois aguardam a revisão das regras vigentes. A modernização ajuda a aumentar a eficiência e tornar a usina estar disponível por mais tempo, oferecendo maior segurança ao fornecimento de energia. Para isso, nossos times trabalham integrando serviços e tecnologias para otimizar as operações de hidrelétricas como no caso da maior atualização tecnológica da Itaipu Binacional (segunda maior usina hidrelétrica do mundo), e do projeto de modernização da Usina Hidrelétrica de São Simão. Também gostaria de destacar a possibilidade de implantar Usinas Reversíveis, tecnologia oferecida pela GE Vernova, e que pode assumir um importante papel no programa de transição energética do país”, disse Cláudio.

Outra fonte que também tem a capacidade necessária de despacho para complementar as fontes intermitentes e apoiar a atuação da fonte hidráulica, em especial quando o país enfrenta crises hídricas, é o gás natural. Daniel Meniuk, VP de Serviços para América Latina para Gas Power, afirma que “no Brasil, as termelétricas modernas a gás natural, como as usinas do Complexo Azulão e Porto de Sergipe I, fazem a diferença ao ajudar a complementar e a manter nossa rede estável, oferecendo energia segura, confiável e cada dia mais sustentável dada a melhoria constante da tecnologia utilizada." Segundo ele, além de fornecer uma fonte confiável e complementar à geração renovável, as emissões de turbinas a gás podem ser ainda mais reduzidas no futuro usando hidrogênio como combustível e tecnologias de captura de carbono. "No portfólio da GE Vernova, já temos turbinas a gás natural capazes de queimar hidrogênio, de acordo com a demanda do cliente e a infraestrutura da planta. Um exemplo disso ocorre na planta DeBary da Duke Energy, que deve se tornar uma das primeiras usinas de energia em operação comercial a produzir, armazenar e queimar 100% por volume de hidrogênio verde para aplicações relacionadas aos picos de energia", conclui.

MAIS QUE UMA GERAÇAO EFICIENTE, ESTABILIDADE NA ENTREGA

Se a integração de diferentes fontes precisa ser muito bem orquestrada para permitir o crescimento sustentável das fontes renováveis sem prejudicar o abastecimento de energia, gerenciar a qualidade da operação da rede, com foco na estabilidade e segurança da rede elétrica, também é fundamental.

“A rede elétrica é uma das invenções humanas mais complexas que existem. E quando a gente tem mais eólica e solar entrando, a gente tem flutuações de rede e, consequentemente na qualidade da energia que está sendo entregue em todo o país. Por isso, essa rede tem que ser monitorada e condicionada”, afirma Renato Yabiku, CTO para América Latina na unidade de Power Conversion. “A GE Vernova traz um portfólio completo de soluções (hardwares e softwares), desde a geração até a parte de estabilização, seja por meio de programas de orquestração da rede. Como exemplo, destaco os compensadores síncronos, equipamentos que servem justamente para aumentar a capacidade e a estabilidade do Sistema Interligado Nacional (SIN), oferecendo maior qualidade e segurança à transmissão de energia elétrica mesmo em condições adversas. Essa tecnologia ajuda a evitar interrupções e apagões e complementa outras como o STATCOM,  que é uma espécie de inversor conectado à rede para dar potência de forma reativa, contribuindo para a estabilização”, explica.

Nesse sentido, Sergio Binda, Líder de Grid Automation para a GE Vernova na América Latina, reforça que a empresa também possui soluções digitais e integradas com poder de computação aumentada, desenvolvidas para gerenciar a rede, visando maior segurança, confiabilidade, capacidade e resiliência na transmissão de energia. “Quando pensamos em uma solução para a rede, inclusive visando a estabilização, existem tecnologias para dar respostas a eventos como uma falha ou um curto-circuito. Esses pacotes de software, como o GridOS e GridBeats, por exemplo, oferecem modelos adequados para cada um dos equipamentos”, afirma. Binda ainda destaca que essas soluções próprias trazem mais valor e uma resposta mais assertiva e segura para aqueles que geram energia e operam o sistema.

DE OLHO NO FUTURO: INTEGRAÇÃO E NOVAS TECNOLOGIAS

Com base em mais de 130 anos de experiência e um portfólio completo de soluções em geração, transmissão, armazenamento de energia, além de softwares e outras tecnologias digitais focadas em eletrificação e descarbonização, a GE Vernova está posicionada de forma única para acelerar a transição energética. Atualmente, sua base tecnológica instalada ajuda a gerar cerca de um quarto da energia no mundo, posicionando a empresa como líder em toda a cadeia de valor da indústria de energia.

De olho no futuro e ciente da importância de desenvolver novas tecnologias que acompanhem a demanda do planeta por energia confiável, acessível e sustentável, a empresa investe aproximadamente US$ 1 bilhão anualmente em Pesquisa & Desenvolvimento. Além disso, trabalha para que a atuação das diferentes áreas da empresa sob os segmentos de Power, Wind e Electrification, facilitem a integração de tecnologias para solucionar os desafios do setor elétrico no Brasil e ao redor do mundo, contribuindo de forma decisiva para a transição energética global.

Quer saber mais?

Recentemente, Daniel Meniuk (VP de Serviços para América Latina, Gas Power) e Renato Yabiku (CTO para a América Latina na unidade de Power Conversion), falaram sobre as soluções da GE Vernova no cenário de transição energética em entrevista ao programa MegaCast, do portal especializado em Energia, MegaWhat. Os executivos abordaram desafios complexos do setor no Brasil e o papel das novas tecnologias para a integração de energias renováveis e a estabilidade de todo o sistema elétrico. Assista aqui.

CAMBRIDGE, Mass. (May 23, 2024) - GE Vernova Inc. (NYSE: GEV) today announced it has launched ThinkLabs AI, Inc., a new startup focused on developing technology to help enhance grid planning through a combination of intelligent automation and AI. ThinkLabs is the first startup to be launched from GE Vernova. This move highlights the company’s commitment to enhancing the speed at which it brings energy transition innovations to customers.

“Our customers and the vital energy challenges we’re solving for demand relentless innovation,” said Limor Spector, President of Ventures and Incubation for GE Vernova. “This initial early-stage investment highlights one of the many ways we are committed to developing an innovative ecosystem in support of changing the trajectory of climate change.”

ThinkLabs is the result of an incubation effort launched by GE Vernova’s Electrification Software business and led by Josh Wong. During his time at GE Vernova, Wong focused on the application of disruptive technologies to help improve the way electric utilities manage, balance, optimize, and coordinate the grid. Wong has left GE Vernova to lead ThinkLabs as its chief executive officer.

ThinkLabs was pre-seeded with an initial early-stage investment by GE Vernova. An additional first-time seed-stage investment of $5 million was co-led by Powerhouse Ventures and Active Impact Investments. Other participants in the round included Blackhorn Ventures, Amplify Capital, Mercuria Energy, and a national US energy company. The company will be privately owned by its founders, GE Vernova, and the other investors.

The software application ThinkLabs is developing uses a combination of intelligent automation and AI to help enhance grid planning. The early-stage application, which is leveraging external funding partners to accelerate development, is planned to complement GE Vernova’s GridOS^® software portfolio. The GridOS portfolio is comprised of a platform and suite of AI and Power Systems-based applications designed to help enable secure, reliable grid orchestration while delivering the resiliency and flexibility utilities need to modernize and transform to a more sustainable energy grid.

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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 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 Electrification Software business is focused on delivering the intelligent applications and insights needed to accelerate electrification and decarbonization across the entire energy ecosystem – from how it’s created, how it’s orchestrated, to how it’s consumed. Its Grid Software business and GridOS® portfolio is trusted by global utilities to orchestrate a more sustainable energy grid and help deliver reliable and affordable electricity to their customers.

About ThinkLabs AI, Inc.
ThinkLabs AI, Inc. is a specialized AI development and deployment company. Our mission is to empower critical industries and infrastructure with trustworthy AI towards global energy sustainability. We’re developing our flagship product, ThinkLabs Copilot, a digital assistant that understands the real world with proprietary physics-informed AI digital twins that provide a foundation model for engineering systems. For more information on ThinkLabs AI, Inc., visit thinklabs.ai.

In 2009, the United States Department of Energy was seeking a dose of radical thinking. Early that year, its newly created Advanced Research Projects Agency–Energy (ARPA-E) issued an open call for “the most revolutionary energy technologies.” If ARPA-E officials were expecting a steady trickle of ideas from business, academia, and research laboratories, they were wrong. They’d just opened the floodgates.

Pattern Energy Group LP, a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.

A $2.25 billion tax equity term loan facility was provided by Banco Santander, S.A, New York Branch and Santander Bank N.A. (SBNA) as Joint Coordinating Lead Arrangers. Bank of America, GE Vernova’s Financial Services business, Natixis Corporate & Investment Banking and Royal Bank of Canada acted as Joint Lead Arrangers. 

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a multilateral credit and political risk insurer and a member of the IsDB Group and GE Vernova's Financial Services formalized their collaboration through a Memorandum of Understanding (MOU), aimed to bolster sustainable development and climate action across ICIEC’s 49 member states.

Gaurav Raniwala, managing director & global head of renewables at GE Vernova's Financial Services business, discusses the need for cooperation and discipline as the global energy system becomes more complex. View the Q&A here.