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.

Before being accepted to the Indian Institute of Science, Rajib Datta contemplated a career as a fine artist. “I was good at math and physics, so I knew engineering or science was probably in my future,” he says. But he felt equally adept in the field that he’d pursued since childhood. A natural draftsman and painter, Datta still executes figurative works and sketches today, and now senses a resonance between visual art and his pioneering work with GE Vernova in the field of power electronics.

NISKAYUNA, NY (March 12, 2025) – GE Vernova Inc. (NYSE: GEV) in collaboration with Energy System Group (ESG), Sage Geosystems (Sage), The Energy & Geoscience Institute at The University of Utah (EGI), announced that they were selected by U.S. Air Force and the Department of Defense’s Chief Digital and Artificial Intelligence Office (CDAO) to explore how to tap into America’s abundant geothermal energy supply to increase our national security.

This team, which has achieved "Awardable" status, is led by ESG. With over 30 years of experience working on military bases to provide power security and advanced mission readiness, Energy Systems Group will take the lead in designing power plants at Department of Defense (DoD) installations and developing a robust business model for each project. The team is strengthened by GE Vernova’s contributions from its Advanced Research, Power Conversion & Storage, and Grid Solutions businesses, which bring cutting-edge power conversion and microgrid technology, as well as battery energy storage systems integration (BESS).

The team is also supported by the Energy & Geoscience Institute at The University of Utah (EGI), which brings over 30 years of experience in geothermal resource exploration and characterization. Additionally, Sage will contribute its patented, proven pressure geothermal system, which operates like a multi-cylinder engine, utilizing two wells in an injection and production pattern to maximize efficiency and sustainability.

With this expertise, the team is now poised to explore the development of utility-scale geothermal power plants in the United States and abroad, with the goal of supplying U.S. military bases with reliable and cost-effective electricity, even during grid outages. This team was selected through the CDAO’s innovative solicitation process known as the Tradewinds Solutions Marketplace, which is designed to accelerate the procurement and adoption of mission critical technologies, such as Artificial Intelligence, Machine Learning, and resilient energy technologies.

“The U.S. Air Force leveraged the Tradewinds solicitation process to quickly collaborate with innovative American companies to build resilient, next-generation geothermal technologies at our bases, using private capital instead of taxpayer dollars,” said Mr. Kirk Phillips, Director, Air Force Office of Energy Assurance.”

GE Vernova's video, “GEO2X,” or “Advanced Geothermal Energy-to-Everything,” accessible only by government customers on the Tradewinds Solutions Marketplace, presents a solution that could provide 5-megawatt energy resilience 24-7 at about 50 DoD sites along the western Gulf of America and to the west of 101 degrees longitude. The solution includes geothermal assessment expertise (EGI and Sage), drilling (Sage), power conversion, delivery, microgrid design and control (GE Vernova), hydrogen generation and storage (GE Vernova), and power generation and project development (Energy System Group).

“We are excited to play a role in helping unleash American’s energy dominance with secure, plentiful, geothermal energy,” Steve Smith, Energy Systems Group’s V.P. of Federal Business, “We are honored to lead this innovative team that brings a wide range of technology and experience to help the DoD safeguard mission-critical operations.”

This team was recognized among a competitive field of applicants to the Tradewinds Solutions Marketplace whose solutions demonstrated innovation, scalability, and potential impact on DoD missions. Government customers interested in viewing the video solution can create a Tradewinds Solutions Marketplace account at tradewindAI.com.

###

Photo information
LINCOLN, NEBRASKA, UNITED STATES | 03.01.2025
Photo by Staff Sgt. Alexander Schriner  | 155th Air Refueling Wing, Nebraska Air National Guard
Image use courtesy of Defense Visual Information Distribution Service

"The appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement."

Source: Pages 46-47 of DoD Instruction 5410.19 Volume 1, “Community Outreach Activities: Policy Overview and Evaluation”, September 29, 2021.

About Energy Systems Group
Energy Systems Group (ESG) is a leading provider of performance-driven energy and infrastructure solutions nationwide. We design, build, and guarantee solutions that improve the reliability, efficiency, and lifespan of critical facilities in the education, government, healthcare, commercial, and industrial sectors. With a commitment to delivering reliable and proven solutions, Energy Systems Group takes a comprehensive approach to facility transformation. Visit energysystemsgroup.com to learn more.

About Sage Geosystems
Sage Geosystems is a leader in the next-generation geothermal industry, pioneering the use of Pressure Geothermal. Pressure Geothermal leverages both the heat and the pressure of the earth to enable three applications: energy storage, power generation and district heating. Sage is enabling geothermal to be deployable globally. For more information, visit www.sagegeosystems.com

About The Energy & Geoscience Institute at The University of Utah
The Energy & Geoscience Institute (EGI) is a multidisciplinary energy institute at the University of Utah. Over its 50-plus year existence, EGI has performed groundbreaking petroleum and geothermal exploration research around the world and has worked on innovative geothermal technologies. EGI manages FORGE (Frontier Observatory for Research in Geothermal Energy), a U.S. Department of Energy flagship project.

About the Tradewinds Solutions Marketplace
The Tradewinds Solutions Marketplace is a digital repository of post-competition, readily awardable pitch videos that address the Department of Defense’s (DoD) most significant challenges in the Artificial Intelligence/Machine Learning (AI/ML), data, and analytics space. All awardable solutions have been assessed through complex scoring rubrics and competitive procedures and are available to Government customers with a Marketplace account. Government customers can create an account at www.tradewindai.com. Tradewinds is housed in the DoD’s Chief Digital Artificial Intelligence Office. For more information or media requests, contact: Success@tradewindai.com

About the Air Force Office of Energy Assurance
The Air Force Office of Energy Assurance (AF OEA), a directorate of the Air Force Civil Engineer Center (AFCEC), develops energy solutions that close energy resilience gaps and strengthen our nation's Air Force and Space Force installations at home and abroad. By leveraging the expertise of the energy community, AF OEA builds tailored energy solutions for each installation that are resilient, innovative, and cost-effective. For more information visit: https://www.afcec.af.mil/energy 

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.

###

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.

###

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.

###

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.

NISKAYUNA, New York. (November 18, 2024) – GE Vernova's Advanced Research business has been selected by The U.S. Department of Energy (DOE) Advanced Research Projects Agency-Energy (ARPA-E) to receive an award as part of their new H2SENSE Exploratory Topic, aimed at supporting innovative approaches for hydrogen gas detection and quantification across the hydrogen supply chain. The growth of the hydrogen economy is anticipated to play a crucial role in global decarbonization efforts, necessitating advanced atmospheric hydrogen sensing technologies to mitigate any potential near-term warming effects that could result from a larger hydrogen economy.

Hydrogen is a low carbon energy source and decarbonization agent for industry and transportation. Hydrogen, though not a direct greenhouse gas due to its inability to absorb infrared light, can indirectly extend the lifetime of greenhouse gases such as methane and ozone.

“The ability to detect and quantify hydrogen will enable the safe and economical expansion of the hydrogen economy while mitigating its climate impact,” said ARPA-E Director Dr. Evelyn Wang. “These highly sensitive and selective hydrogen sensors combined with quantitative modeling will enable industry to achieve these goals.”

“GE Vernova Advanced Research will deploy a high-fidelity and cost-effective gas sensing technology based on dielectric excitation of sensing materials and will couple it with physics enhanced analytics to detect and identify hydrogen leaks at industrial sites,” says Radislav A. Potyrailo, Senior Principal Scientist with GE Vernova's Advanced Research and the Principal Investigator on the H2-LOCATE project. “This technology will differentiate and rank multiple leaks with a spatial resolution of 10 meters with a detection sensitivity of 5-10 parts per billion of hydrogen in air. The cost-effective and simple deployment of these hydrogen leak monitors will support the evaluation of hydrogen sites across diverse geographic locations and climate conditions, ensuring safe, environmentally sound, and economically viable growth of the hydrogen industry.”

This $2,700,000 project, titled "H2-LOCATE: H2 Leak LOCAlization and QuanTification Using Physics-Enhanced Analytics and Fence-Line Monitoring," is being conducted at GE Vernova's Advanced Research Center in Niskayuna, NY.

The initiative underscores GE Vernova's commitment to advancing sustainable technologies and providing critical solutions to support the expanding hydrogen economy.

Access complete project descriptions for each of the projects selected for H2SENSE here.

###

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 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.

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. 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.

On a cold December afternoon in 2015, the lights blinked out, town by town, across western Ukraine. It was two days before Christmas, and by sunset more than 230,000 residents had lost power.

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.

Congressman Paul D. Tonko cheered the announcement that a total of $22,899,840 will be delivered to GE Vernova Advanced Research Center in Niskayuna, NY to drive clean energy research and development, particularly in wind energy. This substantial funding, allocated through the U.S. Department of Energy, includes four projects for GE Vernova.