MILAN, ITALY (October 15, 2025) — Italy’s energy future is at a crossroads. A new white paper from GE Vernova (NYSE: GEV), Navigating the Energy Transition: Pathways to Net Zero in Italy, shows that while the country is at risk of missing its 2030 goals, a clear roadmap can deliver both 2030 and 2050 climate targets — if decisive action is taken now.

Recent analyses across Italy’s energy sector warn the country is not on track for near-term milestones, and they set out the reasons: renewables are growing too slowly, grid capacity is constrained, and permitting remains a bottleneck. GE Vernova’s study provides a roadmap for how Italy can still meet its targets, with two quantified scenarios that highlight the choices ahead.

“2030 is Italy’s make-or-break moment,” said Jim Walsh, Vice President of GE Vernova’s Consulting Services. “This study provides a roadmap to success: the numbers, the scenarios, and the solutions that show how Italy can still achieve its decarbonization goals, while capturing the economic and industrial benefits of the transition.”

With electricity demand expected to rise by 60% by 2050 due to electrification, the study evaluates two scenarios for Italy’s power sector:

• Renewable Ambition: This pathway requires wind and solar capacity to double to 90-100 GW by 2030 and expand to approximately 200 GW by 2050. It also calls for at least 40 GW of battery energy storage, 13–17 GW of CCGTs with carbon capture, 8 GW of nuclear SMRs, and urgent completion of the Hypergrid transmission projects. This technology mix, along with some other critical permitting and regulation enablers, is a pathway that achieves both 2030 and 2050 climate targets. 

• Business-as-Usual: A slower trajectory for renewable growth combined with heavier reliance on CCS, hydrogen-capable gas, and imports. Italy may still achieve net zero by 2050 but will miss 2030, exposing the system to higher costs and greater dependency on external supply.

The grid is the decisive factor. Without accelerated transmission upgrades, renewable curtailment could reach 82 TWh annually by 2050—equivalent to approximately 16% of projected national demand. Even with Terna’s planned Hypergrid projects, additional reinforcements will be required to bridge the gap between renewable-rich southern regions and demand-heavy northern centers.

The economic stakes are significant. A slower trajectory would increase reliance on imports, heighten consumer exposure to volatile fuel costs, and may undermine Italy’s industrial competitiveness.

The full white paper is available here.

GE Vernova is a key player in Italy’s energy transition having enabled power generation in Italy for more than 100 years. Currently, approximately 25% of Italy’s power capacity is being provided using GE Vernova technology.MILAN, ITALY (October 15, 2025) — Italy’s energy future is at a crossroads. A new white paper from GE Vernova (NYSE: GEV), Navigating the Energy Transition: Pathways to Net Zero in Italy, shows that while the country is at risk of missing its 2030 goals, a clear roadmap can deliver both 2030 and 2050 climate targets — if decisive action is taken now.

Recent analyses across Italy’s energy sector warn the country is not on track for near-term milestones, and they set out the reasons: renewables are growing too slowly, grid capacity is constrained, and permitting remains a bottleneck. GE Vernova’s study provides a roadmap for how Italy can still meet its targets, with two quantified scenarios that highlight the choices ahead.

“2030 is Italy’s make-or-break moment,” said Jim Walsh, Vice President of GE Vernova’s Consulting Services. “This study provides a roadmap to success: the numbers, the scenarios, and the solutions that show how Italy can still achieve its decarbonization goals, while capturing the economic and industrial benefits of the transition.”

With electricity demand expected to rise by 60% by 2050 due to electrification, the study evaluates two scenarios for Italy’s power sector:

• Renewable Ambition: This pathway requires wind and solar capacity to double to 90-100 GW by 2030 and expand to approximately 200 GW by 2050. It also calls for at least 40 GW of battery energy storage, 13–17 GW of CCGTs with carbon capture, 8 GW of nuclear SMRs, and urgent completion of the Hypergrid transmission projects. This technology mix, along with some other critical permitting and regulation enablers, is a pathway that achieves both 2030 and 2050 climate targets. 

• Business-as-Usual: A slower trajectory for renewable growth combined with heavier reliance on CCS, hydrogen-capable gas, and imports. Italy may still achieve net zero by 2050 but will miss 2030, exposing the system to higher costs and greater dependency on external supply.

The grid is the decisive factor. Without accelerated transmission upgrades, renewable curtailment could reach 82 TWh annually by 2050—equivalent to approximately 16% of projected national demand. Even with Terna’s planned Hypergrid projects, additional reinforcements will be required to bridge the gap between renewable-rich southern regions and demand-heavy northern centers.

The economic stakes are significant. A slower trajectory would increase reliance on imports, heighten consumer exposure to volatile fuel costs, and may undermine Italy’s industrial competitiveness.

The full white paper is available here.

GE Vernova is a key player in Italy’s energy transition having enabled power generation in Italy for more than 100 years. Currently, approximately 25% of Italy’s power capacity is being provided using GE Vernova technology.

CAMBRIDGE, MA (September 15, 2025) – MIT and GE Vernova today formally kicked off their unique Energy and Climate Alliance with multiple research and fellowship announcements, career discussions, science displays and more. Bringing GE Vernova’s advanced technology and innovation together with MIT’s world class researchers, the MIT-GE Vernova Energy and Climate Alliance is committed to accelerating cutting-edge technologies and fostering the next generation of power industry leaders.

As part of the Alliance, GE Vernova will provide $50 million over five years to fund MIT research initiatives, student fellowships, and internships, philanthropic causes, as well as educational and professional development programs for GE Vernova leaders. The first 13 of these research initiatives were announced today, which will focus on the areas of Electrification, Decarbonization, Renewables Acceleration and Digital Solutions. The Alliance also announced eight GE Vernova Fellows, who will continue their research at MIT with tuition support from GE Vernova, funding for three master’s students per year through MIT’s Technology Policy Program, and philanthropic partnerships. More details on these three announcements are below.

Leaders and researchers from both organizations celebrated the milestone with a campus event that included MIT alumnae now working at GE Vernova, aiming to attract students considering a career in the energy and climate industries. Scheduled to give remarks at the kickoff events are Anantha P. Chandrakasan, Provost of the Massachusetts Institute of Technology and Vannevar Bush Professor of Electrical Engineering and Computer Science, Dr. Betar Gallant, Kendall Rohsenow Associate Professor of Mechanical Engineering, Faculty Director for the MIT-GE Vernova Energy and Climate Alliance, Massachusetts Secretary of Energy and Environmental Affairs Rebecca Tepper, Massachusetts Secretary of Economic Development Secretary Eric Paley, and GE Vernova CEO Scott Strazik and Chief Corporate Officer Roger Martella.

"The mission of this alliance is ambitious — advancing research, education, and career opportunities that can help shape a more sustainable, energy-efficient future. Through this exciting Alliance, we are already seeing exciting results: new research projects, new graduate fellowships, and new opportunities for our students to lead," said Anantha P. Chandrakasan, MIT Provost, and Vannevar Bush Professor of Electrical Engineering and Computer Science.

“Decarbonizing our energy systems demands new ideas, new tools, and new talent. As of today’s launch, MIT teams are already pursuing bold projects that span disciplines and open new frontiers — and crucially, give our students a chance to learn, contribute, and lead,” said Betar Gallant, Faculty Director of the MIT–GE Vernova Energy and Climate Alliance and Kendall Rohsenow Associate Professor of Mechanical Engineering at MIT.

“The Energy and Climate Alliance represents Massachusetts at its best – putting pioneering companies in the same space as brilliant students and watching innovation take off,” said Massachusetts Energy and Environment Secretary Rebecca Tepper. “We’ve seen time and again, ideas born out of our colleges and universities grow into thriving businesses that employ thousands and solve some of the world’s toughest challenges. Years from now, I look forward to seeing what innovation was started here at MIT today.”

“We’re proud to collaborate with the world’s leading research institution and combine forces to bring tomorrow’s technologies to life faster and solve some of the world’s most pressing challenges,” said GE Vernova CEO Scott Strazik. “Building on our sense of relentless optimism, I’m inspired by MIT’s amazing students and researchers and excited to develop career paths and opportunities for their futures.”

The MIT-GE Vernova Energy and Climate Alliance also include commitments to support philanthropic initiatives, including the MIT Human Insight Collaborative initiative (MITHIC). For 2025-26, GE Vernova’s MITHIC contribution will tackle the shared priority of addressing global energy poverty by supporting the MIT Abdul Latif Jameel Poverty Action Lab (J-PAL), which among other areas is working on an initiative to improve the growth of affordable electricity in South Africa.

Another focus area of the Alliance is the development of future energy leaders, including through donations to the New Engineering Education Transformation program and commitment to supporting MIT interns. GE Vernova has also provided funding and become an official member of critical sustainability, automation/robotics and AI focused programs at MIT, including the Initiative for New Manufacturing, MIT Energy Initiative, MIT Climate and Sustainability Consortium, and Center for Transportation and Logistics. The Alliance will also support critical cross-institution engagements for energy and climate policy development, including funding three Technology and Policy Program research projects annually, and hosting an Annual Symposia.

The slate of 13 new MIT-lead research initiatives will include the following projects:

• Electrification – Focused on building the grid of the future with resilient cutting-edge hardware and software.
  • Professors Samantha Coday and David Perrault’s labs will be addressing the expected power surge demands from datacenters through innovative converter and transformer designs.
  • Professors Priya Donti and Deep Deka’s labs will tackle the ever-changing needs of the electric grid’s constraints and limits in a unified and adaptable approach using AI-based solvers.
  • Professor Marija Illic’s lab will be developing a scalable control and protection framework for stable and optimal grid forming operation.
• Digital - Accelerating design of complex industrial tools and products through AI, multi-robot intelligence and Cyber security infrastructure.
  • Professor Chuchu Fan’s lab will develop autonomous manufacturing and field inspection robots to perform complex/unsafe tasks in place of humans.
  • Professor Faez Ahmed’s lab will seek to develop a physics-aware foundation model to reduce turnaround time of high-fidelity simulations, including a Large-Language Model (LLM) agent to demo on selected component redesigns.
  • Professor Rahul Mazumder’s lab will seek to develop a functional chatbot capable of processing multimodal data and engaging users in interactive dialogue.
  • Professor Pulkit Agrawal’s lab will develop a foundation model for robotic assembly that can support human tasks in manufacturing.
• Decarbonization - Meeting the world’s growing needs for electricity while accelerating breakthroughs in carbon-free energy solutions.
  • Professor Asegun Henry's lab will be exploring the limits of their methane-to-hydrogen process, which uses a unique molten-metal reactor and carbon separator. This process may offer a more economical route to hydrogen production.
  • Professors Ericmoore Jossou and Koroush Shirvan’s labs will be developing a new alloy for next-gen nuclear fuel cladding to withstand extreme heat and radiation. The result would be stronger, longer-lasting fuel components that reduce downtime, lower maintenance costs, and help deliver more affordable, reliable nuclear energy.
  • Professor Ju Li’s lab will be exploring a novel system to convert CO2-derived syngas from solid oxide electrolysis (SOEC) to Ethanol using alternating current electrolyzers, with the goal to reduce CO2 waste.
  • Professors Yogesh Surendranath and Rohit Karnik’s labs seek to develop high-conversion, cost-and energy efficient ammonia cracking through a novel, scalable electrochemical membrane reactor design demo.
• Renewables acceleration - Driving innovation in energy storage, wind power and operational optimization to improve efficiency, reliability, scalability and affordability.
  • Professor Mike Howland’s lab will identify conditions that trigger damaging vibration events for wind blades, with validation from Prof Marcus Hultmark’s experimental work at Princeton University.
  • Professor Cohen Tal’s lab, partnering with Professor John Pojman at Louisiana State University, proposes a more sustainable alternative blade manufacturing process.

The 8 GE Vernova Fellows are as follows:

• Gage Coon, Department of Earth, Atmospheric, and Planetary Sciences
  • Research focus: Designing microbial and geochemical systems that are scalable, cost-effective, and compatible with existing waste streams or geologic formations.
• Kevin Hsu, Department of Urban Studies and Planning
  • Research focus: Understanding systemic barriers that slow, stall, or stop outright the delivery of clean energy projects and finding ways of surmounting these challenges.
• Nicolas Tricard, Department of Mechanical Engineering
  • Research focus: Physics-informed and data-driven inverse modeling of gas-phase reacting systems.
• Owen Mylotte, Department of Nuclear Science and Engineering
  • Research focus: Developing an open source, high performance neutron transport software targeted at improving the ease and efficiency with which new reactors can be designed and deployed to market.
• Julia Estrin, Department of Electrical Engineering and Computer Science
  • Research focus: Developing high-voltage, high-efficiency, and high-frequency power electronics that will help form the foundation of an electrified grid.
• Aaron Langham, Department of Electrical Engineering and Computer Science
  • Research focus: Applying advanced signal processing, physical modeling, and computer systems to create new physically trustworthy power monitoring capabilities that provide actionable information for operating electric grids
• Hannah Grauer, Center for Computational Science and Engineering
  • Research focus: Advancing deep learning and physics-informed methods for more accurate and interpretable satellite-based emissions quantification.
• Jack Morris, Institute for Data, Systems, and Society
  • Research focus: Developing energy system optimization models to identify pathways to more affordable, reliable and clean electric power systems.

Technology Policy Program awardees are:

• Michelena O’Rourke, Department of Electrical Engineering and Computer Science
  • Research focus: Developing a Digital Twin to model and analyze electricity markets.
• Jason Frost, Institute for Data, Systems, and Society
  • Research focus: Modeling the generation interconnection process to rapidly evaluate and develop interconnection reforms that accelerate deployment of clean energy resources.
• Martin Staadecker, Institute for Data, Systems, and Society
  • Research focus: Understanding how companies report their greenhouse gas emissions, especially supply chain emissions.

The selected projects were reviewed and approved through a joint process led by MIT faculty and GE Vernova's Advanced Research Center lead researchers.

The MIT-GE Vernova Energy and Climate Alliance is managed through MIT’s Office of Innovation and Strategy, bringing together faculty, researchers, and students to address some of the most pressing challenges in energy and climate technology. Beyond research, the collaboration will play a vital role in developing the energy sector’s future workforce. Through fellowships, research support, and internships, MIT students will gain hands-on experience at GE Vernova’s global facilities tackling real-world energy challenges. A dedicated career exploration program will further connect MIT students and faculty with opportunities across GE Vernova’s global teams.

To foster interdisciplinary dialogue, MIT and GE Vernova will host an annual symposium in February 2026 on the MIT campus, bringing together thought leaders, students, and industry experts to present research results and explore cross-cutting solutions in energy, climate, and technology policy.

Cambridge, MA (September 8, 2025) - Today, GE Vernova Inc. (NYSE: GEV) announced the launch of PlanOS, a unified software suite designed to empower energy planners, utilities, and regulators with an integrated system planning platform for a smarter grid of the future. Built on decades of real-world modeling expertise and developed in close collaboration with system operators globally, PlanOS provides a modular yet deeply integrated environment to unlock faster iteration and better decision making.

With the energy transition accelerating and grid systems growing increasingly complex, the need for smarter, faster, and more holistic planning has never been greater. Traditional planning tools are siloed, disjointed, and slow to adapt to the challenges posed by renewable integration, electrification, and decarbonization. PlanOS was created to address this gap.

“Grid planners today face unprecedented complexity - the grid is undergoing significant transformations that are reshaping how we plan for reliability, resilience, and affordability,” said Jim Walsh, Vice President, GE Vernova’s Consulting Services. “PlanOS gives planners the unified environment they need to simulate, iterate, and act - confidently.”

Four Engines, One Platform

At the heart of PlanOS are four core simulation engines, all built on a shared data architecture:

• Power Flow: High-fidelity steady-state and dynamic analysis, including contingency studies, transmission planning, and interconnection analysis.
• Resource Adequacy: Industry-leading fidelity and integration to assess system reliability under a wide range of conditions, integrating weather, outages, and grid constraints.
• Production Cost: High-speed, extensible and integrated simulation linking investment with real-world dispatch and emissions.
• Capacity Expansion: Unique optimization engine to test multiple policy, technology, and demand futures - enabling robust, least-regret investment decisions.

Together, these engines allow users to run complex, interconnected studies in a single environment, with a unified dataset model, streamlining workflows and dramatically reducing time to insight.

Performance Meets Practicality

Built with high-performance computing at its core, PlanOS delivers results in a fraction of the time compared to legacy tools. Open APIs, scripting support, and a modular architecture make it both powerful and flexible - meeting the diverse needs of planners across markets and geographies.

“We didn’t start by building a product - we started by solving real planning problems,” said Gagan Porwal, Chief Operating Officer and Head of Software, GE Vernova’s Consulting Services. “PlanOS is the product of decades of experience and global collaboration. It’s been purpose-built and stress-tested - by planners, for planners.”

To learn more please visit: www.gevernova.com/consulting/planos

CAMBRIDGE, Mass. (August 27, 2025) – GE Vernova Inc. (NYSE: GEV) today announced that Lola Lin will join the company as Executive Vice President, Chief Legal Officer and Corporate Secretary and a member of the GE Vernova Executive Leadership Team, effective September 15, 2025.

Lola brings more than 25 years of legal expertise and joins GE Vernova from Howmet Aerospace Inc., where she served as Executive Vice President, Chief Legal and Compliance Officer and Secretary. At Howmet, Lola was a member of the Executive Leadership Team and led its Global Legal, Ethics and Compliance functions.

Prior to joining Howmet in 2021, Lola served as Senior Vice President and General Counsel for Airgas, Inc.  In addition, she has held various roles at Air Liquide USA LLC, Dell Inc., Sutherland Asbill & Brennan LLP and Locke Liddell & Sapp LLP.  Lola holds a bachelor’s degree from The University of Texas at Austin and her law degree from the University of Houston College of Law.

“I’m thrilled to welcome Lola to the team as our Chief Legal Officer,” said Scott Strazik, CEO of GE Vernova. “She brings extensive global experience across complex industrial businesses, and I’m confident that her leadership will help drive GE Vernova forward as we continue to advance our mission to both electrify and decarbonize the world.”

Schenectady, NY (August 19, 2025) – With global energy demand at historic levels, today GE Vernova announced a new $41 million investment in its historic Schenectady facility to expand generator capacity by expanding the company’s Center of Excellence for Steam and Generator assembly and testing. This new funding is expected to add 50 new jobs at the facility, helping meet global customer demand. The state of New York’s Excelsior Jobs Program has also awarded GE Vernova $1 million towards completing this project.

“We are committed to meeting the needs of our customers and the world as demand for electricity continues to rise at historic rates,” said CEO Scott Strazik. “This investment in our Schenectady facility continues our work to build gas power capacity and help meet global energy needs.”

“New York State is paving the way for manufacturing, research and development for innovative energy technologies — bringing the State closer to a cleaner future for generations to come,” Governor Kathy Hochul said. “With the State’s public-private partnership with GE Vernova, we’re bringing in good-paying jobs to Upstate New York and promoting sustainability from the tip of Long Island to the Erie Canal.”

The new funding will allow for enhancements to the manufacturing of GE Vernova’s H65 and H84 generators, which accompany the company’s most efficient HA gas turbines.

GE Vernova has a 130-year legacy in New York state, which is home to our Gas Power and Onshore Wind businesses and our Advanced Research Center. This latest investment is in addition to more than $130 million in investments GE Vernova announced in Schenectady since 2023, including a $50 million investment in 2023 to build a new manufacturing line in Schenectady that created more than 200 new jobs and a $80 million investment announced this January for gas power and onshore wind work.

Strazik added, “Our Schenectady facility provides an amazing opportunity to cultivate and invest in our talent in the Capital Region, and we thank the state of New York for their support. We have called this region home for more than a century, and we are proud to continue to move that legacy forward.”

Companywide, this year GE Vernova has announced $720 million in investments at its U.S. manufacturing facilities and 1,800 new U.S. jobs over the next two years. These investments are part of a larger $9 billion cumulative global capex and R&D investment plan through 2028 that was announced at the company’s Investor Update in December 2024.

Over next two years company creating approximately 700 new jobs across multiple factories

and investing up to $100 million in Pennsylvania

Cambridge, MA (July 15, 2025) – As energy demand continues to surge, GE Vernova (NYSE: GEV) plans to add 250 new jobs over the next two years at the company’s leading grid solutions factory in Charleroi, PA.

The new roles will help manufacture more high voltage switchgear products, which are critical components for stable and reliable operation of the nation’s electrical grids.

GE Vernova now plans to invest up to $100 million in Pennsylvania over the next two years, adding approximately 700 new jobs across multiple factories in the state that will help modernize the grid for economic growth, strengthen domestic supply chains, and boost national security.

This new Charleroi factory expansion builds on the company’s $600 million multi-year investment announced in January, originally expected to create a total of 1,500 new jobs across numerous U.S. factories.

“Powering the grid is at the core of powering America’s economy,” said Scott Strazik, CEO of GE Vernova. “These new jobs and investment reflect our ongoing commitment to not only building critical grid infrastructure with American workers, but reindustrializing Pennsylvania’s proud manufacturing legacy. They will also help strengthen our domestic supply chain, improve national security, and boost global competitiveness by closing a crucial gap.”

“We are investing in Charleroi and our advanced grid technology because it complements the investments we've made in power generation,” Strazik continued. “For the US to lead in energy, manufacturing critical domestic grid infrastructure is just as important generation.”

In addition to the new investment in its Charleroi facility, GE Vernova also announced it has secured a full order to provide seven of its high efficiency 7HA.02 natural gas turbines to the Homer City Energy Campus. The facility, once the largest coal plant in Pennsylvania, will provide up to 4.4GW of electricity to power what will become a more than 3,200-acre natural gas-powered data center campus, designed to meet the growing artificial intelligence (AI) and high-performance computing (HPC) needs of the innovative technology companies shaping America’s digital future. The Homer City Energy Campus is expected to be completed in 2027. ***

“The Homer City project shows what smart energy investments can achieve — delivering more reliable, affordable power for all, creating thousands of skilled jobs, and positioning Pennsylvania to help lead the next era of AI,” Strazik added.

The approximately $100 million of new investments in Pennsylvania over the next two years are part of a larger $9 billion cumulative global capex and R&D investment plan through 2028 that was announced at the company’s Investor Update in December 2024.

Currently GE Vernova’s technology helps produce more than half of the power in the United States, and the company has more than 18,000 workers across 50 states and 18 U.S. manufacturing facilities. 

###

***For financial editors: the seven 7HA.02 gas turbines were announced as slot reservation agreements on April 2, 2025. These units have since moved to a secured order in 3Q25.

TOKYO, Japan (June 10, 2025) - GE Vernova (NYSE: GEV) and Japan’s Ministry of Economy, Trade and Industry (METI) today announced the launch of a first-of-its-kind focus group aimed at addressing challenges and opportunities and deepening collaboration in energy security and supply chain. The initiative was announced at a launch ceremony attended by METI’s Director-General for Energy and Environmental Policy, Shinichi Kihara, and GE Vernova’s Chief Corporate Officer and Chief Sustainability Officer, Roger Martella, witnessed by the State Minister of Economy, Trade and Industry, Yuichiro Koga.

This significant initiative aligns with Japan-US energy policy, building upon current’ relations, to further solidify cooperation between the two nations to strengthen the energy sector. The focus group will serve as a dedicated platform for GE Vernova and METI to engage on key themes crucial to Japan’s energy landscape, which include energy security in wind power; innovation in gas turbines utilizing hydrogen, ammonia, and Carbon Capture and Storage; and opportunities in electrification and nuclear energy.

The focus group will also endeavor to deepen collaboration between GE Vernova and Japanese companies in the energy sector. As part of the launch, GE Vernova signed the following Memoranda of Understanding (MOUs) with leading Japanese companies:

• Collaboration with Eurus Energy Holdings Corporation to explore opportunities under the GX (Green Transformation) Industrial Location in northern Hokkaido, utilizing GE Vernova’s onshore wind turbines for data center power needs and accelerate renewable energy adoption.
• Collaboration with Mitsubishi Electric Corporation’s Semiconductor Business to supply Insulated Gate Bipolar Transistors (IGBTs) for GE Vernova’s High Voltage Direct Current (HVDC) projects —supporting advanced electrification solutions and grid modernization worldwide.

“We welcome the opportunity to play a vital role in the advancement of the global energy sector in partnership with GE Vernova, a leading U.S. energy company with deep roots in Japan. This focus group, a testament to positive Japan-US bilateral ties, and the MOUs with our national champions Eurus Energy and Mitsubishi Electric, will serve as a powerful platform to drive innovation and strengthen our energy resilience for the future”, said Mr. Shinichi Kihara, Director-General for Energy and Environmental Policy, Ministry of Economy, Trade and Industry.

"With the launch of this first-of-its-kind focus group alongside METI, we are taking decisive action toward addressing the challenges facing the global energy sector. Our strong, ongoing relationships with Eurus Energy and Mitsubishi Electric are a step further in this endeavor, as we jointly explore the vast potential of onshore wind and electrification as key areas of focus. This collaboration is aligned with Japan’s 2050 net zero goals, and we are committed to delivering tangible progress in energy security and innovation across the energy value chain globally, through the development of breakthrough innovations like hydrogen, ammonia, advanced nuclear, and carbon capture technologies”, said Roger Martella, Chief Corporate Officer and Chief Sustainability Officer, GE Vernova.

GE Vernova has a long-standing presence in Japan, spanning over 130 years, and remains a key partner in the nation’s decarbonization journey. With approximately 450 employees in Japan, GE Vernova and its technologies contribute significantly to Japan’s stable power supply, accounting for around 50% of the country’s installed Heavy-Duty Gas Turbine power generation capacity and 25% of the country’s onshore wind capacity through its gas turbines, steam turbines, nuclear power, and wind turbines. All of GE Vernova’s business segments – Power, Wind, and Electrification – have a strong footprint in the country, positioning the company to optimize Japan’s energy system with holistic solutions across the entire energy value chain.

###

Photo captions

Photo 1: Roger Martella (left), Chief Corporate Officer and Chief Sustainability Officer of GE Vernova; Yuichiro Koga (center), State Minister of Economy, Trade and Industry; and Shinichi Kihara (right), Director-General for Energy and Environmental Policy at the Ministry of Economy, Trade and Industry, at the signing ceremony.

Photo 2: Roger Martella (left), Chief Corporate Officer and Chief Sustainability Officer of GE Vernova; Tetsuya Suwabe (center), President and CEO of Eurus Energy Holdings Corporation; and Yuichiro Koga (right), State Minister of Economy, Trade and Industry, at the signing ceremony.

Photo 3: Johan Bindele (left), Vice President and CEO of Grid Systems Integration at GE Vernova; Masayoshi Takemi (center), Executive Officer and Group President of Semiconductor Device at Mitsubishi Electric Corporation; and Yuichiro Koga (right), State Minister of Economy, Trade and Industry, at the signing ceremony.

RIYADH, Kingdom of Saudi Arabia (May 14, 2025) – In the presence of HRH Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, and Donald Trump, President of the United States of America, GE Vernova Inc. (NYSE: GEV) announced initiatives worth up to $14.2 billion for its world class energy equipment technology and services to support power generation and grid stability projects. The announcements include up to $2 billion in backlog or on a reservation agreement as of the first quarter of 2025, with future contracts and memorandums of understanding (MOUs) for agreements spanning across the next four years. The initiatives are expected to play a strong role in supporting the Kingdom to achieve its energy goals under Saudi Vision 2030 and transition to net zero by 2060.

“As the world's energy equipment manufacturer, GE Vernova is proud to deploy world class technology to help deepen the longstanding relationship between the United States and the Kingdom of Saudi Arabia, advance energy security, and strengthen the economic prosperity and competitiveness of both nations. We are thankful for the leadership of both governments for putting energy manufacturing, innovation, and technology front and center, setting the strongest possible precedent for the role of equipment to unlock more solutions globally. We are committed to continuing our work to grow capacity and jobs in the U.S. and beyond to meet these critical needs," said Scott Strazik, CEO of GE Vernova.

Collaborations to accelerate the energy transition and power Saudi Arabia forward

• Saudi Electricity Company (SEC) and GE Vernova announced initiatives spanning the supply of highly efficient and flexible heavy duty gas turbines - built in Greenville, SC, with a deep U.S. supply chain; synchronous condensers and balance of plant equipment that can support grid stability by providing voltage regulation, reactive power, and system strength, supplying crucial inertia to maintain reliable operations as more variable renewable energy is integrated into the system; and capital parts, maintenance and repair services for more efficient and reliable power plant operations.
• Principal Buyer and GE Vernova entered MOUs to supply advanced power generation equipment and services for future projects; commercialize carbon capture technologies; and training and investments in power sector manufacturing, repairs, and research and development (R&D) activities.
• ACWA Power and GE Vernova signed frameworks to collaborate on identifying and exploring potential opportunities to supply high efficiency gas turbines and electrification equipment for projects expected in the Kingdom of Saudi Arabia. ACWA Power is the world's largest private water desalination company, a leader in energy transition, and a first mover in green hydrogen.
• Aramco and GE Vernova announced collaborations to provide maintenance services, repairs, spare parts, and more to support the reliable operations of various power plants around the Kingdom.

With a power generation technology installed base of more than 50 gigawatts, and nearly 90 years of operations in the Kingdom, GE Vernova plays a vital role in Saudi Arabia’s energy transition, supporting economic growth, and fostering talent. The company’s presence in Saudi Arabia includes the GE Manufacturing and Technology Center (GEMTEC) Campus in Dammam - featuring a service and repairs center for gas turbines, a manufacturing facility for heavy duty gas turbines and components, and a research and development cell – as well as an employee base of up to 850 people.

CAMBRIDGE, MA (April 2, 2025) – On the one-year anniversary of its spin-off from General Electric, GE Vernova is launching its first-ever global brand campaign, "The Energy of Change". This visually striking, emotionally charged initiative highlights the opportunity, progress and momentum happening across the energy sector today. The campaign focuses on relentless optimism and how it is essential to innovation and delivering the critical energy technologies the world needs right now, as energy demand is expected grow by more than 50% in the next 20 years.

“At GE Vernova we know that breakthrough ideas require resilience, grit and a commitment to never giving up and seeing new ways forward - it’s how we’ve advanced our technology for more than 130 years,” said Kristin Carvell, GE Vernova Chief Communications Officer. “We are thrilled to debut our global brand campaign and celebrate the spirit and impact of relentless optimism and how it drives us as we continue our work to run the world on smarter energy every day.”

At the heart of the campaign is a bold, fast-paced film that symbolizes forward progress and showcases the technologies that are shaping the future of energy across each of GE Vernova’s three business segments: Power, Wind and Electrification. The Energy of Change campaign showcases the journey of innovation and how world-shaping change isn’t easy. As the film demonstrates, it’s about “fixing things, changing things, changing the way we fix things” – a virtuous cycle of continuous improvement and real action that drives results. The campaign uses the Japanese art of kintsugi – the art of breaking and repairing to create a more beautiful object - to symbolize the power of resilience and the art of the possible in the innovation process.

GE Vernova’s entrepreneurial edge is embedded in its name. GE Vernova retained its treasured legacy “GE” in the name 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 energy that GE Vernova is delivering.

The campaign also features three GE Vernova teammates from around the world representing each of its three business segments and a range of its technologies from the portfolio. GE Vernova’s cultural operating principles are symbolically woven throughout the film – its prioritization of safety (safety goggles vignette), its lean operating model focused on continuous improvement (kintsugi vignette) and a commitment to a One Team approach (abstract ‘motion art’ particles coming together to drive forward progress).

Launching today, the campaign will roll out globally across a mix of broadcast, streaming, out-of-home (OOH), social, and digital with major media placements timed around the NCAA’s March Madness tournament and will drive traffic to gevernova.com.

The campaign was developed in collaboration with Droga5 and Accenture Song Sustainability.

View the film and campaign: https://vernova.is/energyofchange

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

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

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

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

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

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

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

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

Financial terms of this agreement are not disclosed.

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About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across approximately 100 countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

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

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

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