CAMBRIDGE, Massachusetts, (28 octobre 2026) – GE Vernova Inc. (NYSE : GEV) a annoncé aujourd'hui la signature d'un accord en vue d'acquérir Trench Group (« Trench »), un leader mondial des équipements de réseau haute tension, auprès de la société d’investissement Triton Partners. L'opération permettra de renforcer les gammes de produits d'électrification de GE Vernova, en élargissant ses capacités pour mieux servir ses clients avec des solutions intégrées répondant à une demande sans précédent de modernisation du réseau, de sécurité énergétique et de technologies d'électrification. En intégrant verticalement un fournisseur existant disposant d'un portefeuille de produits complémentaires, cette acquisition renforcera directement les deux plus grandes activités d'électrification de GE Vernova, l'intégration des systèmes de réseau (Grid Systems Integration) et le transport d'électricité (Power Transmission), et contribuera à fournir les technologies et la capacité de fabrication nécessaires au « supercycle » mondial de l'électricité.

Trench bénéficie de plus de 130 ans d'héritage en ingénierie et sert plus de 800 énergéticiens et hyperscalers mondiaux avec des traversées pour la haute et moyenne tension, des transformateurs de mesure et des bobines. Avec plus de 3 000 employés, son empreinte industrielle s'étend sur 11 sites en Europe, en Amérique du Nord et en Asie, et permettra à GE Vernova de mieux répondre à la demande croissante en équipements de réseau. Les synergies potentielles découlent de la complémentarité des produits, de l'empreinte géographique, des relations clients et des capacités de fabrication avancées utilisant l'automatisation, la robotique et des processus assistés par l'IA.

« La complémentarité des technologies de réseau haute tension de Trench, l’excellence dans l’exécution dont l’entreprise fait preuve et la qualité des relations avec ses clients sont les facteurs clefs d’un réseau moderne et plus résilient, rendu de plus en plus nécessaire par l’impératif du supercycle d’investissement autour de l'électrification », a déclaré Scott Strazik, PDG de GE Vernova. « Avec un profil financier à haute rentabilité et environ 5 milliards de dollars de carnet de commandes, dont certains s'étendent sur la prochaine décennie, cette acquisition offrira à la fois une visibilité immédiate sur les bénéfices et une valeur stratégique à long terme. Nous investissons dans notre segment Électrification pour capturer l'opportunité de croissance extraordinaire qui se présente à nous, et notre acquisition de Trench renforcera encore notre capacité à servir nos clients mondiaux avec une technologie exceptionnelle que nous connaissons bien. Je suis impatient d'accueillir l'équipe de Trench au sein de GE Vernova. »

« Trench Group a une expérience de 130 ans, qui lui a fait gagner la confiance des principaux énergéticiens et opérateurs de réseaux dans le monde entier. Rejoindre GE Vernova sera une opportunité déterminante pour bâtir sur cet héritage tout en donnant des capacités et une portée encore plus grandes », a déclaré Dr Bahadir Basdere, président et PDG de Trench Group. « Son envergure mondiale, ses relations clients et la présence de GE Vernova dans les régions à forte croissance offriront à un plus grand nombre d'acteurs du marché l'accès aux composants haute tension qu'exige la transition énergétique. Notre équipe se réjouit des perspectives de développement et de croissance que cette union avec GE Vernova devrait créer. Je salue ce que nos équipes pourront accomplir ensemble — et de continuer à servir tous nos clients actuels et futurs avec la technologie, la qualité et la fiabilité qui caractérisent Trench. »

Les composants Trench sont présents dans la majorité des lignes à courant continu haute tension construites dans le monde et font partie de systèmes de réseau plus larges comptant de nombreux fournisseurs. Ses produits de haute qualité, dotés d'une technologie durable et innovante, sont à la pointe des normes environnementales mondiales les plus strictes. Par exemple, l'entreprise dispose de technologies sans SF6 et sans huile minérale qui réduisent les matières dangereuses et améliorent le cycle de vie des produits – des capacités que les clients de GE Vernova recherchent de plus en plus. Ces offres permettent des réseaux électriques plus efficaces et à plus haute tension, et permettent le déploiement de ces technologies à un cout abordable pour les consommateurs.

Alors que les réseaux électriques mondiaux sont confrontés à une demande croissante due au vieillissement des infrastructures, aux centres de données, aux énergies renouvelables et à l'électrification industrielle, les lignes de transport à plus haute tension deviennent l'épine dorsale du système, transportant jusqu'à six fois plus d'énergie par corridor que les lignes conventionnelles. Avec cette acquisition, GE Vernova améliorera ses capacités de fabrication de composants de réseau pour l'Amérique du Nord, grâce à une usine Trench récemment ouverte à Charlotte, en Caroline du Nord, dont la fabrication d'équipements 765kv devrait débuter fin 2027.

Selon l'accord d'achat, GE Vernova paiera l'équivalent de 9,0 milliards de dollars US à la conclusion de l’accord, qui devrait actuellement être financée à parts égales par de la trésorerie et de la dette. L'acquisition devrait être finalisée fin 2027, sous réserve de l'obtention des approbations réglementaires habituelles, ainsi que de la consultation des représentants des employés lorsque la loi l'exige.

GE Vernova présentera la transaction lors d'une conférence téléphonique sur les résultats du troisième trimestre aujourd'hui à 7h30 (ET- Heure de l'Est). Les documents relatifs à la transaction ont été publiés sur le site Web des relations investisseurs de GE Vernova à l'adresse www.gevernova.com/investors/events.

Données financières autonomes du groupe Trench

Goldman Sachs & Co. LLC et UBS Investment Bank ont agi en qualité de conseillers financiers de GE Vernova pour cette transaction, et Skadden, Arps, Slate, Meagher & Flom LLP ont agi en tant que conseillers juridiques de GE Vernova. Bank of America and Morgan Stanley & Co. International plc ont agi en en qualité de conseillers financiers de Triton Partners, et Latham & Watkins LLP a agi en tant que conseiller juridique de Triton Partners.

Prix d'acquisition et informations financières du groupe Trench : Le prix d'acquisition et les informations financières du groupe Trench présentés dans ce communiqué de presse sont exprimés en équivalents dollars US sur la base d'un taux de change EUR/USD de 1,12. Les montants réels en équivalents dollars US peuvent différer en fonction du taux de change EUR/USD en vigueur aux dates concernées. Les informations financières du groupe Trench ont été préparées par GE Vernova sur la base de données fournies par le groupe Trench et reflètent les politiques comptables du groupe Trench, qui peuvent différer de celles de GE Vernova.

À propos de GE Vernova
GE Vernova Inc. (NYSE : GEV) est une entreprise mondiale de l'énergie créée pour répondre aux enjeux de la transition énergétique. Son activité s'articule autour des segments Power, Electrification et Wind, soutenus par plusieurs activités d'accélération. Forte de plus de 130 ans d'expérience dans la résolution des grands défis mondiaux, GE Vernova est idéalement positionnée pour accompagner la transition énergétique en poursuivant l'électrification des usages tout en contribuant à la décarbonation de l'économie. GE Vernova aide ses clients à alimenter les économies et à fournir une électricité essentielle à la santé, à la sécurité, à la sûreté et à l'amélioration de la qualité de vie. Basée à Cambridge, dans le Massachusetts (États-Unis), GE Vernova emploie environ 85 000 collaborateurs dans près de 100 pays. Guidées par sa raison d'être, The Energy to Change the World, les technologies de GE Vernova contribuent à construire un avenir énergétique plus abordable, plus fiable, plus durable et plus sûr.

Cliquez ici pour consulter les Indicateurs Alternatifs de Performance (IAP) et l’avertissement relatif aux déclarations prospectives en anglais.

CAMBRIDGE, Mass., (28. Oktober 2026) – GE Vernova Inc. (NYSE: GEV) gab heute bekannt, dass das Unternehmen eine Vereinbarung zur Übernahme der Trench Group („Trench“), eines weltweit führenden Anbieters von Hochspannungsnetztechnik, von der Investmentgesellschaft Triton Partners unterzeichnet hat. Die Transaktion wird Skaleneffekte über die Produktlinien des Electrification-Geschäfts von GE Vernova hinweg schaffen und die Fähigkeiten des Unternehmens erweitern, um Kunden mit integrierten Lösungen besser bedienen zu können, die der beispiellosen Nachfrage nach Netzmodernisierung, Energiesicherheit und Elektrifizierungstechnologien gerecht werden. Durch die vertikale Integration eines bestehenden Zulieferers mit einem komplementären Produktportfolio wird die Übernahme die beiden größten Geschäftsbereiche von GE Vernova im Electrification-Segments, Grid Systems Integration und Power Transmission, unmittelbar stärken und dazu beitragen, die Technologien und Fertigungskapazitäten bereitzustellen, die für den weltweiten Superzyklus im Stromsektor benötigt werden.

Trench blickt auf eine über 130-jährige Ingenieurtradition und beliefert mehr als 800 Energieversorgungsunternehmen und Hyperscaler weltweit mit Hoch- und Mittelspannungsdurchführungen (Bushings), Messwandlern und Spulen. Mit mehr als 3.000 Mitarbeitern erstreckt sich die Fertigungspräsenz des Unternehmens auf 11 Standorte in Europa, Nordamerika sowie Asien und wird GE Vernova zusätzlich in die Lage versetzen, die schnell wachsende Nachfrage nach Netztechnik zu bedienen. Potenzielle Synergien aus der Übernahme ergeben sich aus komplementären Produkten, der geografischen Präsenz, den Kundenbeziehungen und fortschrittlichen Fertigungskapazitäten unter Einsatz von Automatisierung, Robotik und KI-gestützten Prozessen.

„Die differenzierte Hochspannungsnetztechnologie von Trench, die hohe Umsetzungskompetenz und die engen Kundenbeziehungen sind entscheidende Voraussetzungen für ein modernisiertes, widerstandsfähiges Stromnetz, das mit dem Superzyklus im Stromsektor Schritt halten kann“, sagte Scott Strazik, CEO von GE Vernova. „Mit einem margensteigernden Finanzprofil und einem Auftragsbestand sowie Rahmenvereinbarungen im Umfang von rund 5 Milliarden US-Dollar, die teilweise bis in das nächste Jahrzehnt reichen, wird diese Übernahme sowohl eine unmittelbare Planbarkeit der Erträge als auch einen langfristigen strategischen Wert bieten. Wir investieren in unser Electrification-Segment, um die außerordentliche Wachstumschance zu nutzen, die vor uns liegt. Die Übernahme von Trench wird unsere Fähigkeit weiter stärken, Kunden weltweit mit herausragender Technologie zu bedienen, mit der wir bestens vertraut sind. Ich freue mich darauf, das Trench-Team bei GE Vernova willkommen zu heißen.“

„Über mehr als 130 Jahre hat sich die Trench Group das Vertrauen der weltweit führenden Energieversorger und Netzbetreiber erarbeitet. Als Teil von GE Vernova können wir genau darauf aufbauen: mit noch mehr Kompetenzen und noch größerer Reichweite“ sagte Dr. Bahadir Basdere, President & CEO Trench Group. „GE Vernova ist weltweit stark aufgestellt, pflegt enge Kundenbeziehungen und ist in wichtigen Wachstumsmärkten zu Hause. So erreichen unsere Hochspannungskomponenten für die Energiewende noch mehr Kunden weltweit. Das Trench-Team freut sich auf die Entwicklungs- und Wachstumschancen, die sich aus der Verbindung mit GE Vernova ergeben. Ich freue mich zu erleben, was unsere Teams gemeinsam erreichen werden – und darauf, alle bestehenden und künftigen Kunden mit der Technologie, Qualität und Zuverlässigkeit zu überzeugen, für die Trench steht.“

Komponenten von Trench kommen in der Mehrzahl der weltweiten Hochspannungs-Gleichstromübertragungsleitungen (HGÜ) zum Einsatz und sind Teil größerer Netzsysteme mit zahlreichen Zulieferern. Die hochwertigen Produkte des Unternehmens mit nachhaltigen und innovativen Technologien erfüllen höchste Ansprüche angesichts weltweit zunehmend strengerer Umweltstandards. So verfügt Trench in seinem gesamten Portfolio über SF6-freie und mineralölfreie Technologien, die den Einsatz gefährlicher Stoffe und die Emissionen über den gesamten Lebenszyklus reduzieren – Leistungsmerkmale, die von GE Vernova-Kunden zunehmend nachgefragt werden. Diese Angebote ermöglichen effizientere Stromnetze mit höheren Spannungsebenen und tragen dazu bei, die Kosten für Verbraucher zu senken. 

Da die weltweiten Stromnetze mit einer stark steigenden Nachfrage aufgrund alternder Infrastruktur, Rechenzentren, erneuerbarer Energien und der Elektrifizierung der Industrie konfrontiert sind, werden Höchstspannungsübertragungsleitungen zunehmend zum Rückgrat des Systems. Sie können pro Leitungskorridor bis zu sechsmal mehr Strom übertragen als herkömmliche Leitungen. Mit dieser Übernahme wird GE Vernova seine Kapazitäten zur Herstellung von Netzkomponenten für Nordamerika durch eine neu eröffnete Trench Produktionsstätte in Charlotte, North Carolina, erweitern. Die Fertigung von 765-kV-Anlagen soll dort voraussichtlich Ende 2027 beginnen.

Gemäß dem Kaufvertrag wird GE Vernova bei Abschluss der Transaktion einen Kaufpreis von umgerechnet 9.0 Milliarden US-Dollar zahlen, der nach derzeitiger Planung je zur Hälfte aus liquiden Mitteln und Fremdkapital finanziert werden soll. Der Abschluss der Übernahme wird für Ende 2027 erwartet, vorbehaltlich der Erteilung der üblichen behördlichen Genehmigungen sowie der Konsultation der Arbeitnehmervertreter, soweit dies gesetzlich vorgeschrieben ist.

GE Vernova wird die Transaktion heute um 7:30 Uhr US-Ostküstenzeit im Rahmen einer ausführlichen Telefonkonferenz zu den Ergebnissen des dritten Quartals erörtern. Unterlagen zur Transaktion wurden auf der Investor-Relations-Website von GE Vernova unter www.gevernova.com/investors/events veröffentlicht.

Finanzdaten der Trench Group

Goldman Sachs & Co. LLC und UBS Investment Bank fungierten als Finanzberater für GE Vernova bei der Transaktion und Skadden, Arps, Slate, Meagher & Flom LLP fungierte als Rechtsberater für GE Vernova. Bank of America und Morgan Stanley & Co. International plc. fungierten als Finanzberater für Triton Partners und Latham & Watkins LLP fungierte als Rechtsberater für Triton Partners.

Kaufpreis und Finanzinformationen der Trench Group: Der in dieser Pressemitteilung genannte Kaufpreis und die Finanzinformationen der Trench Group sind in US-Dollar-Äquivalenten auf Basis eines EUR/USD-Wechselkurses von 1,12 angegeben. Die tatsächlichen US-Dollar-Beträge können je nach dem zum jeweiligen Zeitpunkt geltenden EUR/USD-Wechselkurs abweichen. Die Finanzinformationen der Trench Group wurden von GE Vernova auf Grundlage der von der Trench Group bereitgestellten Daten erstellt und spiegeln die Rechnungslegungsgrundsätze der Trench Group wider, die von denen von GE Vernova abweichen können.

Über GE Vernova
GE Vernova Inc. (NYSE: GEV) ist ein globales Energieunternehmen, das in den Geschäftsbereichen Power, Electrification und Wind sowie in unterstützenden Accelerator-Geschäften tätig ist. Aufbauend auf mehr als 130 Jahren Erfahrung in der Bewältigung globaler Herausforderungen ist GE Vernova einzigartig positioniert, um die Energiewende mitzugestalten, indem das Unternehmen die weltweite Elektrifizierung und Dekarbonisierung vorantreibt. GE Vernova unterstützt seine Kunden dabei, Volkswirtschaften mit Energie zu versorgen und Strom bereitzustellen, der für Gesundheit, Sicherheit und Lebensqualität unverzichtbar ist. Der Hauptsitz von GE Vernova befindet sich in Cambridge, Massachusetts, USA. Weltweit beschäftigt das Unternehmen rund 85.000 Mitarbeitende in etwa 100 Ländern. Unterstützt vom Unternehmensleitbild „The Energy to Change the World“ trägt die Technologie von GE Vernova dazu bei, eine bezahlbarere, zuverlässigere, nachhaltigere und sicherere Energiezukunft zu ermöglichen. Weitere Informationen: GE Vernova und LinkedIn.  

Klicken Sie hier, um die Erläuterungen zu den nicht nach GAAP ermittelten Finanzkennzahlen sowie den Haftungsausschluss für zukunftsgerichtete Aussagen in englischer Sprache einzusehen.

CAMBRIDGE, Mass., (October 28, 2026) – GE Vernova Inc. (NYSE: GEV) today announced that it has signed an agreement to acquire Trench Group (“Trench”), a global leader in high-voltage grid equipment, from investment firm Triton Partners. The deal will create scale across GE Vernova’s Electrification product lines, expanding its capabilities to better serve customers with integrated solutions that meet unprecedented demand for grid modernization, energy security, and electrification technologies. By vertically integrating an existing supplier with a complementary product portfolio, the acquisition will directly enhance GE Vernova’s two largest Electrification businesses, Grid Systems Integration and Power Transmission, and help deliver the technologies and manufacturing capacity needed for the global electricity supercycle. 

Trench has over 130 years of engineering heritage and serves more than 800 global utilities and hyperscalers with high- and medium-voltage bushings, instrument transformers, and coils. With more than 3,000 employees, its manufacturing footprint spans 11 sites across Europe, North America, and Asia, and will further enable GE Vernova to serve fast-growing demand for grid equipment. Potential acquisition synergies stem from complementary products, geographic footprint, customer relationships, and advanced manufacturing capabilities using automation, robotics, and AI-supported processes.   

"Trench's differentiated high-voltage grid technology, strong execution, and deep customer relationships are key enablers of the modernized, resilient grid required to keep pace with the electricity supercycle," said GE Vernova CEO Scott Strazik. "With a margin-accretive financial profile and approximately $5 billion in backlog and framework agreements, some of which reach into the next decade, this acquisition will deliver both immediate earnings visibility and long-term strategic value. We are investing in our Electrification segment to meet the extraordinary growth opportunity in front of us, and our acquisition of Trench will further strengthen our ability to serve global customers with outstanding technology we know well. I look forward to welcoming the Trench team to GE Vernova." 

"Trench Group has spent more than 130 years earning the trust of the world's leading utilities and grid operators. Joining GE Vernova will be a defining opportunity to build on that legacy with even greater capabilities and reach,” said Trench Group President and CEO Dr. Bahadir Basdere. “GE Vernova's global scale, customer relationships, and footprint in key growth regions will offer more market participants access to the high-voltage components that the energy transition demands. Our team is excited about the development and growth opportunities that the combination with GE Vernova is expected to create. I look forward to what our teams can achieve together – and to serving all existing and future customers with the technology, quality, and reliability Trench stands for."

Trench components are present in the majority of high-voltage direct current lines built globally and are part of larger grid systems with many suppliers. Its high-quality products with sustainable and innovative technology are at the forefront of increasingly stringent global environmental standards. For example, across its portfolio, it has SF6-free and mineral oil-free technologies that reduce hazardous materials and lifecycle emissions – capabilities that GE Vernova‘s customers are increasingly seeking. These offerings enable more efficient, higher voltage electrical grids, increasing affordability for consumers.

As global electricity grids confront surging demand from aging infrastructure, data centers, renewable energy, and industrial electrification, higher voltage transmission lines are increasingly becoming the backbone of the system, carrying up to six times more power per corridor than conventional lines. With this acquisition, GE Vernova will enhance its capabilities in manufacturing grid components for North America, through a newly opened Trench facility in Charlotte, North Carolina, with manufacturing of 765kv equipment expected to begin in late 2027. 

Under the purchase agreement, GE Vernova will pay $9.0 billion USD equivalent at closing, currently expected to be funded equally between cash and debt. The acquisition is expected to close in late 2027, subject to the completion of customary regulatory approvals together with consultation with employee representatives where legally required.

GE Vernova will discuss the transaction during an extended third quarter earnings conference call today at 7:30 AM Eastern Time. Materials related to the transaction have been posted on GE Vernova’s Investor Relations website at www.gevernova.com/investors/events. 

Standalone Trench Group Financials

Goldman Sachs & Co. LLC and UBS Investment Bank acted as financial advisors to GE Vernova on the transaction, and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to GE Vernova. Bank of America and Morgan Stanley & Co. International plc acted as financial advisor to Triton Partners, and Latham & Watkins served as legal counsel to Triton Partners.

Trench Group Acquisition Price and Financial Information
The Trench Group acquisition price and financial information presented in this press release are expressed in U.S. dollar equivalents based on a EUR/USD exchange rate of 1.12. Actual U.S. dollar equivalent amounts may differ based on the prevailing EUR/USD exchange rate at the applicable times. The Trench Group financial information was prepared by GE Vernova based on data provided by Trench Group and reflect Trench Group's accounting policies, which may differ from GE Vernova's.

*Non-GAAP financial measure

Non-GAAP Financial Measures

Trench Group Adjusted EBITDA* and Adjusted EBITDA margin*
Trench Group’s Adjusted EBITDA* and Adjusted EBITDA margin* are non-GAAP financial measures and are forecasts of Trench Group as a standalone business prepared by GE Vernova based on data provided by Trench Group and prepared under its accounting policies and exclude any expected synergies, integration costs, and purchase price accounting adjustments determined through due diligence. We believe that Trench Group’s Adjusted EBITDA* and Adjusted EBITDA margin*, which are adjusted to exclude the effects of unique and/or noncash items that are not closely associated with ongoing operations, provide management and investors with meaningful measures of performance that increase the period-to-period comparability by highlighting the results from ongoing operations and the underlying profitability factors. We believe Trench Group’s Adjusted EBITDA* and Adjusted EBITDA margin* provide additional insight into how the business is expected to perform, on a normalized basis. However, Trench Group’s Adjusted EBITDA* and Adjusted EBITDA margin* should not be construed as inferring that Trench Group’s future results will be unaffected by the items for which the measures adjust.  We cannot provide a reconciliation of the differences between Trench Group’s expected Adjusted EBITDA* and Adjusted EBITDA margin* and the corresponding GAAP financial measures without unreasonable effort due to the uncertainty and inherent difficulty of predicting the occurrence and financial impact of certain items, including the applicable tax rate, foreign exchange rates, the impacts of depreciation and amortization, and changes to conform accounting to U.S. GAAP.

Trench Group free cash flow*
Trench Group’s free cash flow* is a non-GAAP financial measure and is a forecast of Trench Group as a standalone business prepared by GE Vernova based on data provided by Trench Group and prepared under its accounting policies and exclude any expected synergies, integration costs, and purchase price accounting adjustments determined through due diligence. We cannot provide a reconciliation of the differences between Trench Group’s free cash flow* and the corresponding GAAP financial measure without unreasonable effort, including due to the uncertainty of timing for capital expenditures, foreign exchange rates, and changes to conform accounting to U.S. GAAP.

About  GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification, and Wind segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 85,000 employees across approximately 100 countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.   

About Trench Group
Trench Group is a global technology provider for high-voltage grid components and systems, present in power transmission grids worldwide.
Headquartered in Berlin, with more than 130 years of engineering expertise, Trench Group designs and manufactures high-voltage components that address the core challenges of modern power infrastructure – connecting grids, measuring their performance and ensuring reliability.
As electricity demand rises and power grids transform worldwide, Trench Group is an enabler of the infrastructure the world needs, with a portfolio that includes bushings, cable terminations, instrument transformers, coils and capacitors.
Since its independence in April 2024, Trench Group has doubled its annual revenue to more than 1 billion Euro.
The company operates 11 factories across 8 countries and employs more than 3,000 people.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about GE Vernova's agreement to acquire Trench Group, the anticipated timing of closing, the expected financial and operational performance of the Trench Group business, the expected benefits, synergies, accretion, and funding of the transaction, planned capacity and other investments, GE Vernova’s capital allocation strategy, and expected demand for GE Vernova's and Trench Group's products and services. These statements often include words such as "believe", "expect", "guidance", "outlook", "anticipate", "intend", "plan", "enable", "estimate", "will", "may", or similar expressions. They reflect our current expectations, are based on judgments and assumptions, and are subject to risks and uncertainties that could cause actual results to differ materially, including, among others: the performance and continued expansion of the Trench Group business; demand for GE Vernova's and Trench Group's products and services, the loss of, or reduced orders from, key customers; retention of key suppliers and employees; changes in tariffs, changes in currency exchange rates; difficulties in integrating Trench Group or realizing the expected benefits and synergies; the availability and terms of acquisition financing; transaction-related costs and litigation; delays in closing the acquisition, which could increase its cost or result in the acquisition not being completed; regulatory approvals for the acquisition not being obtained, or obtained subject to conditions or undertakings that could limit the combined business or reduce the anticipated benefits of the transaction; the outcome of required consultations with employee representatives; other closing conditions not being satisfied; and termination of the acquisition agreement. These and other factors are more fully discussed in our filings with the Securities and Exchange Commission, including the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our annual reports on Form 10-K and quarterly reports on Form 10-Q, and in our current reports on Form 8-K, as well as at www.gevernova.com/investors/fls. We do not undertake any obligation to update or revise our forward-looking statements except as required by law or regulation. This press release also includes forward-looking projected financial information that is based on current estimates and forecasts; actual results could differ materially.

Media Contacts:

GE Vernova
Adam Tucker
+1.518.227.2463
Adam.Tucker@gevernova.com   

Trench Group
Ulrich Küenster
+49 1525 9685308
ulrich.kuenster@trench-group.com

CAMBRIDGE, Mass. (October 27, 2026) – GE Vernova Inc. (NYSE: GEV) and the Boston Celtics ignited a three-year partnership designed to recognize members of the United States Armed Forces at TD Garden during the team’s 20th Annual Seats for Soldiers Night. In addition to the partnership, GE Vernova marked the occasion by hosting a series of events at the Celtics 100 Causeway Street Headquarters. 

A full day of career events held Monday brought together more than 165 veterans and student veterans with GE Vernova's hiring teams, senior leaders, and veteran employees. This event represented the largest veteran recruiting activation in the energy company's history and focused on pairing the tenacity of service members with the world's most consequential energy infrastructure projects, strengthening veteran integration in the private sector.

GE Vernova’s Military Career Summit opened with a keynote from Chief People Officer Steven Baert on why veterans are essential to GE Vernova's mission, followed by a "Mission Continuity" panel — a conversation with GE Vernova veteran leaders on how the discipline, adaptability, and leadership forged in military service translates directly into some of the most consequential careers in the global energy transition. The afternoon career fair connected candidates with hiring teams across GE Vernova’s Nuclear, Supply Chain, Cyber, Operations, Project Management, and Field Services teams.

Adding to the day’s events, GE Vernova welcomed approximately 65 student veterans from MIT and Northeastern University to the Sky Lobby at Celtics Headquarters for an exclusive Student Veteran Networking Social, featuring remarks from GE Vernova CEO Scott Strazik. The evening concluded with the entire group heading to TD Garden together for tip off.

"The Boston Celtics have spent twenty years honoring those who serve through their Annual Seats for Soldiers Night, and our company has spent decades building a career trajectory for those same individuals," said Scott Strazik, CEO of GE Vernova. "This three-year partnership with the Celtics will help GE Vernova create awareness for meaningful career opportunities that exist. We are not just hiring veterans, we are investing in the leadership required to power the world," said Scott Strazik, President and CEO of GE Vernova.

Building the Future, Powered by Veterans

With veterans already accounting for 10 percent of GE Vernova's U.S. workforce and a 96 percent first-year retention rate, we have proven that military talent is a critical engine of our growth. This three-year partnership is a commitment to scale that success, turning our mission into a magnet for the next generation of veteran leaders. We are actively expanding our teams across Nuclear, Supply Chain, Cyber, Operations, Project Management, and Field Services. Veterans interested in joining our mission can learn more at careers.gevernova.com.

“For 20 years, Seats for Soldiers has given us the opportunity to recognize the men and women who serve our country and bring them together for a special night at TD Garden,” said Rich Gotham, Boston Celtics Team President. “Our season ticket members have played an important role in making this tradition possible, and with the support of GE Vernova, we’re continuing to find meaningful ways to connect with and recognize our military community.”

Seats for Soldiers Night is now in its 20th year at TD Garden. Since its inception, Celtics season ticket members and the organization have donated more than 23,000 tickets to active-duty service members and veterans and last night alone, over 1,200 tickets were given to service members. 

STAFFORDSHIRE, UK – October 22, 2026 – The GE Vernova Foundation today celebrated the official launch of Engineers of Change in Staffordshire, with the first students beginning programming this week. The launch event brought together GE Vernova leadership, local officials, and community partners to highlight the programme’s role in creating a pipeline for future innovators who will build a more sustainable energy future.

First announced in April 2026, Engineers of Change is a three-year, $4.5 million initiative in two locations – Staffordshire, UK, and Greenville, South Carolina, U.S. In Staffordshire alone, the programme aims to reach 3,000 students. By bringing engineering to life through hands-on learning, real-world design challenges, and direct mentorship from industry professionals, the programme aims to ignite curiosity and confidence in students ages 13–18.

“Meeting the world’s growing energy needs will require not only breakthrough technology, but people — bold thinkers, problem-solvers, and next-generation leaders,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “Our goal with Engineers of Change is to teach young people in Staffordshire more about this exciting career path and the purpose and impact that comes along with it and inspire them to pursue a career in engineering.”

The programme delivers two core experiences:

• Engineering Spark: Introduces students ages 13–14 to engineering through dynamic, hands-on learning led by GE Vernova volunteers.
• Engineering Catalyst: An immersive, two-year programme for students ages 15–18 featuring design challenges and career readiness workshops designed to equip students with the skills to pursue engineering. Students who complete the programme and enrol in an eligible engineering degree or apprenticeship will receive a partial scholarship from the GE Vernova Foundation.

“Nothing shapes a career like early, hands-on exposure to real-world work,” said Martin McCluskey, Minister for Local Energy and Jobs. “Through its Engineers of Change programme, the GE Vernova Foundation will help young people access the hundreds of thousands of clean energy jobs being created across the country.”

With more than 130 years of history in the UK, GE Vernova operates three electrification manufacturing sites in Staffordshire, including the country’s only large-scale grid manufacturing facility. GE Vernova is making significant investments in the area to expand capacity and reinforce Staffordshire’s role as a critical hub for the production of electrification technologies.

Engineers of Change is delivered in collaboration with the Staffordshire-based The Inspirational Learning Group and the global nonprofit FHI 360, ensuring that programming is aligned with local workforce needs. Through this collaboration, the GE Vernova Foundation continues to put its purpose, The Energy to Change the World, into practice.

“We’re delighted to work with the GE Vernova Foundation to inspire the next generation of engineers in Staffordshire,” said Ben Dyer, Co-Founder, The Inspirational Learning Group. “This programme gives young people a fantastic opportunity to experience engineering first-hand, learn directly from industry professionals and develop the skills and confidence to explore future careers in the energy sector.”

Learn more about Engineers of Change.

About GE Vernova Foundation

The GE Vernova Foundation, an independent charitable organisation funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Building on the 100+ year legacy of the GE Foundation, the GE Vernova Foundation is prioritising employees through programmes such as Matching Gifts and STAR Awards. The Foundation’s resources are also channelled into initiatives focused on championing the global workforce needed for the energy transition as well as building stronger and more resilient communities.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification and Wind 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 decarbonise it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 85,000 employees across approximately 100 countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.

About FHI 360

FHI360 is a global organisation that mobilises research, resources and relationships so people everywhere have access to the opportunities they need to lead full and healthy lives. With collaborations in over 60 countries, we work directly with local leaders to improve health and well-being, respond to humanitarian crises and strengthen community resilience. We share data-driven insights and scalable tools so communities can effectively address complex challenges and achieve thriving futures.

About The Inspirational Learning Group

The Inspirational Learning Group (TILG) is a Staffordshire-based organisation dedicated to inspiring and preparing young people for their future careers. Working in partnership with leading employers, schools and colleges across the UK, TILG develops and delivers innovative careers and enterprise education programmes that connect classroom learning with the world of work. Through initiatives including The National Careers Challenge, in partnership with NatWest Thrive, Lightbulb Online and bespoke employer-led experiences, TILG has reached hundreds of thousands of young people, helping them develop essential skills, build confidence and explore future career opportunities. With a growing network of employer partners, TILG is committed to bridging the gap between education and industry, opening doors to new opportunities and helping young people realise their potential in the world of work. 

CAMBRIDGE, Mass. – October 6, 2026 – GE Vernova (NYSE: GEV) today announced its goal to double the number of MIT interns and permanent hires it brings on board in 2027, a meaningful expansion of its Alliance with the Massachusetts Institute of Technology (MIT) that underscores GE Vernova’s commitment to building the workforce of the future. The announcement was made at the MIT x GE Vernova Alliance Fall Fair, held today at Hockfield Court on the MIT campus.

“Among the students on campuses today are the engineers, innovators and future leaders who will define the next era of energy, and our job is to give more of them the opportunity to join us, grow with us, and change the world,” said Scott Strazik, CEO of GE Vernova. "MIT is one of our most important partners in that effort, and what we're building together isn't incremental – we are doubling down. We are working together to identify the very best talent and enable them to make a real impact."

The event today brings together MIT students, faculty, and GE Vernova leaders and engineers to showcase the company's research collaborations, career opportunities, and technology innovation. This year's event features 12 Alliance Year Two research poster presentations, live technology demonstrations including robotics, large voltage monitoring detection, and frontal polymerization research, and a recruiting zone staffed to support interest in 2027 internship opportunities.

GE Vernova and MIT are in the second year of their Energy and Climate Alliance, a $50 million, five-year commitment spanning breakthrough research across the entire energy ecosystem: from generating electrons to moving them around the world efficiently. Beyond research, the Alliance is designed to develop the energy sector's future workforce through fellowships, internships, and a dedicated career exploration program connecting MIT students and faculty with opportunities across GE Vernova's global teams. In 2026 the company welcomed 80 MIT interns and permanent hires.  

"The energy transition will require a generation of talent that is deeply technical, globally minded, and ready to solve problems at scale," said Steven Baert, Chief People Officer of GE Vernova. "Doubling our MIT intern and hiring numbers in a single year isn't something we're doing lightly, it's a signal of how seriously we take investing in talent early, and our commitment to building career pathways that give the best and brightest a place to do the most meaningful work of their careers."

GE Vernova recruits from a wide range of universities and engineering programs across the United States and globally as part of its broader talent and workforce development strategy.

Today's announcement reflects an urgent workforce reality outlined in GE Vernova's inaugural NextGen Workforce Study: the U.S. energy sector could need more than two million workers by 2032. To meet the massive growth in electricity demand driven by AI, data centers, and the industrial electrification surge, the study finds the industry will need one in every ten engineering graduates to join the power sector. GE Vernova's expanded MIT commitment is part of a broader effort to make those pathways visible and accessible earlier.

For more information about the GE Vernova and MIT Alliance, visit here. For more information about GE Vernova's Internship programs, visit here.

Johannesburg, South Africa – October 1, 2026 – GE Vernova and PROTEC today celebrated the graduation of 27 students from Next Engineers Engineering Academy, a global college- and career-readiness programme designed to help increase opportunities for young people in engineering. The graduation ceremony, held at The University of the Witwatersrand, Johannesburg, marks the programme’s third graduating class and highlights its contribution towards bridging the science, technology, engineering and mathematics (STEM) skills gap in South Africa, exposing learners to hands-on engineering experiences and career pathways. 

The 27 learners, representing 9 high schools across Johannesburg, were joined by their families to celebrate their achievements. Many of these learners plan to pursue engineering-related qualifications at universities and technical institutions. Launched in 2022, PROTEC, University of Witwatersrand and Kutitiva Foundation are the educational partners for the local Next Engineers programme. GE Vernova engineers and employees play an active role by engaging with Engineering Academy participants through hands-on, skill-based volunteering and have donated over 3,700 hours locally since the programme began. 

“At GE Vernova, our mission is to electrify to thrive and decarbonise – and one of the ways that journey begins with is investing in people. Seeing these 27 graduates from the Next Engineers Academy in Johannesburg is proof of what happens when mentorship, hands-on experience and dedicated STEM education come together. Through our collaboration with PROTEC and the hands-on mentorship of our engineers, we aren’t just contributing towards filling a skills gap; we are empowering a diverse, homegrown workforce ready to solve Africa’s most critical energy challenges and shape the future of our industry,” said Joseph Anis, President & CEO of GE Vernova’s Gas Power business in Europe, Middle East & Africa and a member of the GE Vernova Foundation board.

The Next Engineers: Engineering Academy is a transformative learning experience designed for learners aged 15 to 18, teaching engineering concepts, providing career mentors and awarding scholarships to qualifying graduates. Through a rigorous 180+ hour curriculum, immersive design challenges and career coaching, participants learn to think and act like engineers. Beyond mentorship, the programme has supported qualifying graduates with over $156,000 in scholarships. Additionally, GE Vernova has awarded full bursaries for 20 additional graduates through the country’s External Bursary Programme. 

Next Engineers also offers the Engineering Discovery programme, for students ages 13 to 14, as an introduction to engineering that brings exploratory, hands-on activities. To date, the Next Engineers programme in Johannesburg has reached more than 4,600 learners.

“For PROTEC, this programme has never just been about engineering. It has been about opening doors, building confidence and helping young people believe in their own potential. Seeing our final Engineering Academy cohort graduate, and reflecting on five years of impact, is both a proud and emotional moment. The future is brighter because of the young people who have come through this programme,” said Balan Moodley, CEO, PROTEC.

STEM training and education, such as Next Engineers, are inspiring and preparing the next generation to solve global challenges while creating new pathways to opportunity. GE Vernova’s commitment to nurturing future STEM talent in South Africa extends beyond Next Engineers. Through its External Bursary Programme, the company has provided comprehensive bursaries totaling $8.7 million to more than 900 beneficiaries pursuing Bachelor’s degrees in Science, Commerce and Arts since 2020 to date. These bursaries help alleviate the financial burden for tertiary students, covering tuition, accommodation, textbooks and monthly stipends for the duration of their studies.

For more information about Next Engineers and the Engineering Academy, visit NextEngineers.org.

About GE Vernova​

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification and Wind segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 85,000 employees across approximately 100 countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova, GE Vernova in Middle East & Africa, and LinkedIn. 

The GE Vernova Foundation supports the Next Engineers in Johannesburg, South Africa under an arrangement with the GE Aerospace Foundation.

About PROTEC 

PROTEC was established in 1982 by a group of engineers from the South African Institute of Civil Engineers to respond to the challenges facing the education system and to address representation across all socio-economic and racial groups in STEM careers.  To date, PROTEC has seen more than 40,000 learners complete the Learner Excellence Programme. Based in Randburg, PROTEC has 17 branches and projects in 6 out of the 9 provinces.  Our aim is to extend the programme to all 9 provinces.  The programme targets learners from Grade 4 to Grade 12 in specifically Science, Mathematics, and English. Teachers who teach these subjects as well as coding and robotics benefit from development and support that uses a centre-based and classroom support model.  Find us on www.protec.org.za , Facebook, LinkedIn and Instagram.

NEW YORK (September 22, 2026) – SGE, GE Vernova, Hitachi and Samsung C&T have signed a Memorandum of Understanding (MoU) establishing a framework for cooperation on market development and commercial opportunities for the deployment of the BWRX-300 small modular reactor in Central and Eastern Europe and the United Kingdom.

The MoU was signed in New York during the Atlantic Council Nuclear Energy Policy Summit, held on the sidelines of the United Nations General Assembly, in the presence of U.S. Deputy Secretary of State Christopher Landau and Masayoshi Arai, Vice-Minister for International Affairs at Japan’s Ministry of Economy, Trade and Industry (METI).

The agreement is linked to the broader Memorandum of Cooperation (MOC) for SMR deployment in third countries signed on the margins of this year’s NATO summit by United States Secretary of State Marco Rubio, Japan Foreign Minister Motegi Toshimitsu, and Republic of Korea Foreign Minister Cho Hyun. The U.S. Department of State specifically identified the initiative among GE Vernova, Hitachi, Samsung C&T and SGE as a concrete industry effort to advance BWRX-300 deployment across Europe and deepen government-industry cooperation on global energy security.

Under the MoU, the companies will work together to assess market opportunities, further develop deployment strategies and pursue commercial opportunities for the BWRX-300. The cooperation brings together complementary capabilities in nuclear technology, engineering and project delivery, and regional development expertise. 

GE Vernova Hitachi Nuclear Energy (GVH), a joint venture between GE Vernova and Hitachi, is the designer and technology provider of the BWRX-300. Hitachi GE Vernova Nuclear Energy, a subsidiary of Hitachi, brings extensive nuclear technology and industrial expertise, while Samsung C&T contributes international engineering and construction capabilities, including experience in major nuclear and energy infrastructure projects. SGE is developing a fleet of BWRX-300 reactors in Europe and will continue to act as the exclusive regional lead for the BWRX-300 in much of Central and Eastern Europe.

"As European countries pivot to nuclear, we are committed to working with our close partners to help deploy Small Modular Reactors at the scale they need to deliver on their ambition," said Roger Martella, GE Vernova's Chief Corporate Officer and Chief Sustainability Officer. "GE Vernova has a long-standing history and presence across the European continent. This collaboration brings together complementary capabilities to help advance BWRX-300 deployment across multiple markets and build on the momentum already behind the technology."

"Hitachi has continued to bring long-standing experience in nuclear technology, through our partnership with GE Vernova," said Yasunori Inada, Vice President and Executive Officer, CEO of Nuclear Energy Business Unit, Hitachi. "This collaboration brings together the strengths and expertise of each partner, and Hitachi will contribute to exploring the deployment of the BWRX-300 in Europe by drawing on the technological capabilities cultivated through our nuclear business and on our collaboration with qualified Japanese suppliers. By further combining the digital technologies and innovation of the Hitachi Group, we will help realize a sustainable energy society and advance decarbonization in Europe as One Hitachi."

"Samsung C&T is working together with GVH on the deployment of the BWRX-300, and recently achieved a great outcome with Studsvik in Sweden," said Jung Wook Kim, Executive Vice President and Head of Global Business Unit and Global Operation, Samsung C&T. "Samsung C&T is honored to open a new chapter in Europe's SMR business together with GE Vernova, Hitachi and SGE. Building on Samsung C&T's proven EPC capabilities, we will fully leverage the synergy created by this four-way partnership to strengthen Europe's energy security and contribute to the realization of carbon neutrality.

“Europe and the UK need a scalable commercial model for new nuclear, built on proven technology, established supply chains and world-class delivery partners,” said Michał Sołowow, founder of SGE. “By combining GE Vernova Hitachi’s BWRX-300 technology, Hitachi’s industrial capabilities and Samsung C&T’s global construction expertise, SGE is creating a platform to deploy standardized nuclear fleets across multiple markets. We believe this can become one of the most competitive commercial solutions for Europe’s energy system — delivering reliable, clean energy 24/7, reducing execution risk, strengthening the supply chain and supporting long-term industrial growth.”

“Europe is entering a new strategic era in which energy independence, security of supply and industrial resilience are becoming core elements of national and regional security,” said Rafał Kasprów, CEO of SGE. “This agreement brings together state-of-the-art American nuclear technology from GE Vernova Hitachi, the industrial and technological capabilities of Hitachi and Samsung, and SGE’s European BWRX-300 development platform. Our objective is to establish a standardized, cross-border BWRX-300 fleet across the European Union and the United Kingdom, creating a new layer of secure, reliable and low-carbon generation capacity. By combining American technology, Japanese and Korean industrial strength, and European development capabilities and supply chains, we are building the foundations of a long-term nuclear strategic program designed to strengthen Europe’s energy security, strategic autonomy and industrial competitiveness.”

The BWRX-300 is 300 MW small modular reactor developed by GE Vernova Hitachi Nuclear Energy and Hitachi GE Vernova Nuclear Energy, built on decades of real-world boiling water reactor operating experience and innovation. Its simplified, standardized design is intended to support repeatable deployment and efficient project delivery. With the first unit already under construction in Canada, the BWRX-300 is well positioned to support Europe’s nuclear expansion by strengthening energy security and delivering reliable, carbon-free power at scale.

SGE is advancing BWRX-300 deployment across several European markets. In Poland, Decisions in Principle have been issued for 26 BWRX-300 reactors, with the current development focus on three sites with the potential to host the first 14 units. In the United Kingdom, SGE is advancing a 4.2 GW fleet of 14 BWRX-300 reactors across three multi-unit sites, with its proposal progressing to the Preliminary Regulatory Assessment Deep Dive led by Great British Energy – Nuclear. The company is also pursuing further opportunities across Central and Eastern Europe as part of its strategy to build a cross-border BWRX-300 fleet supporting European energy security, industrial resilience and the long-term supply of reliable, clean energy.

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About SGE

SGE is a European small modular reactor (SMR) development platform, established in 2019 and headquartered in Warsaw. The company is a co-investor in a standardized project based on the world’s most advanced commercially available SMR technology – the BWRX-300 reactor, developed by GE Vernova Hitachi Nuclear Energy. By combining proven technology with an innovative business model, SGE has become a leading SMR project developer in Europe. The company is currently developing partnerships and projects in over half a dozen European countries. Its flagship program is being implemented in Poland in collaboration with global energy leader ORLEN, with work underway at three sites and the first unit expected to be commissioned in 2032. In the United Kingdom, SGE is advancing a 4.2 GW fleet of fourteen BWRX-300 reactors across three multi-unit sites. The proposal has progressed to the Preliminary Regulatory Assessment Deep Dive led by Great British Energy – Nuclear, with the first site planned to host six units and initial commercial operation targeted for 2034.

About Samsung C&T

Samsung C&T’s Engineering & Construction Group has more than 40 years of engineering and construction experience operating throughout the world. The group spans commercial and residential buildings, civil infrastructure and plant construction. Its landmark projects include Burj Khalifa, the world’s tallest building, the ongoing Riyadh Metro Project in Saudi Arabia, the Qurayyah 4,000 MW CCPP Project, and the ongoing Qatar 2,000 MW Solar Power Project. In the nuclear energy sector, the company has successfully delivered 12 GW across 10 units, including the 5.6 GW Barakah Nuclear Power Plant in the UAE. It has recently undertaken the Nuclear Power Plant refurbishment project and Front-End Engineering Design (FEED) for Small Modular Reactors (SMRs), demonstrating its global competitiveness in large-scale reactor and SMR technologies, and solidifying its expertise across all areas of the nuclear industry.

About Hitachi

Through its Social Innovation Business (SIB) that brings together IT, OT(Operational Technology) and products, Hitachi aims to be a global leader in continuously transforming social infrastructure through digital, contributing to a harmonized society where the environment, wellbeing, and economic growth are in balance.

Hitachi operates worldwide across four sectors – Digital Systems & Services, Energy, Mobility, and Connective Industries – as well as a Strategic SIB Business Unit focused on new growth areas. With Lumada at its core, Hitachi creates value by combining data, technology and domain knowledge to solve customer and social challenges. Revenues for FY2025 (ended March 31, 2026) totaled 10,586.7 billion yen, with 606 consolidated subsidiaries and approximately 290,000 employees worldwide. Visit us at www.hitachi.com.

Australia’s energy transition is often framed as a challenge. Through the lens of artificial intelligence, advanced industry, and digital infrastructure, it is also a major economic opportunity.

LONDON, United Kingdom, (27 August) – GE Vernova (NYSE: GEV) today announced it has been chosen by Laing O'Rourke to deliver a new 400 kV Gas-Insulated Switchgear (GIS) substation at Chesterfield, part of National Grid's Brinsworth to Chesterfield and Chesterfield to High Marnham projects. The new substation will help increase the capacity of the electricity transmission network, supporting growing electricity demand, maintaining a secure and reliable energy supply and helping connect more sources of home-grown renewable energy.

GIS technology enables large amounts of electricity to be transmitted safely and reliably in modern high voltage transmission networks. The investment forms part of wider upgrades to the transmission network across Derbyshire, South Yorkshire and Nottinghamshire.

“The energy transition will only move as fast as the infrastructure behind it,” said Johan Bindele, CEO Grid Systems Integration, GE Vernova. “The Chesterfield project is about building the transmission capacity the UK needs to move more electricity, strengthen resilience and support long-term economic growth. We are proud to bring our technology and execution capabilities together with Laing O’Rourke and National Grid to help deliver this critical infrastructure”

"The Chesterfield project is an important part of strengthening the UK's electricity transmission network for the future," said Adam Rawling, Enterprise Partner Director, Laing O'Rourke. "Working with GE Vernova, we're helping deliver the infrastructure needed to increase network capacity, improve reliability and support the UK's transition to a more electrified energy system."

The projects form part of The Great Grid Upgrade, the largest overhaul of the electricity grid in generations. Through major infrastructure projects across England and Wales, it is helping to connect more clean, secure and home-grown energy to homes and businesses. As demand for electricity grows, the new substation will help move more power safely and reliably across the network.

The project is planned to use GE Vernova's SF₆-free g³ GIS technology, part of GRiDEA^TM, our portfolio of solutions to decarbonize the grid. This technology is an alternative to sulphur hexafluoride (SF₆) that maintains the same high levels of performance, safety and reliability required for modern transmission networks.

GE Vernova's scope includes design engineering, procurement, equipment delivery, site installation, testing and commissioning. The company will also provide primary and secondary engineering, protection and control systems, interface management, integration with the existing transmission network and the decommissioning of existing equipment.

GE Vernova has supplied high-voltage substations and transmission technologies to utilities around the world for decades. Its technologies help customers strengthen electricity networks, improve reliability and accelerate the transition to more secure, resilient and sustainable power systems.

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