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GE Vernova

"جنرال إلكتريك ڤيرنوڤا" تنظم منتدى عصر الطاقة بمشاركة 200 متخصص من القطاعين

9 min read

الرياض، المملكة العربية السعودية، 25 فبراير 2025: تحت رعاية وزارة الطاقة، استضافت شركة "جنرال إلكتريك ڤيرنوڤا" المنتدى الحصري "عصر الطاقة الجديد" في مركز الملك عبد الله للدراسات والبحوث البترولية (كابسارك) في الرياض. وشارك الرئيس التنفيذي لشركة "جنرال إلكتريك ڤيرنوڤا" سكوت سترازيك، ضمن أكثر من 200 من كبار القادة المتميزين من القطاعات العامة والخاصة وغير الربحية في قطاع الطاقة، في تبادل الأفكار والحلول وأفضل الممارسات بما يعزِّز منظومة الطاقة في المملكة ويدعم رؤية السعودية 2030.

كما استضافت القمة السنوية العالمية لشراكات موردي الطاقة لشركة “جنرال إلكتريك ڤيرنوڤا" التي انعقدت في الرياض أكثر من 300 مؤسسة من موردي "جنرال إلكتريك ڤيرنوڤا". ويهدف الحدث إلى تعزيز سلسلة الإمداد في قطاع الطاقة، ودفع أهداف الصناعة الوطنية والتنويع الاقتصادي، وتعزيز الاستثمارات الأجنبية لإيجاد المزيد من القيمة المشتركة في قطاع الطاقة.

كما التقى أعضاء فريق القيادة التنفيذية لشركة "جنرال إلكتريك ڤيرنوڤا" في الرياض خلال العام الأول من تأسيس "جنرال إلكتريك ڤيرنوڤا" كشركة مستقلة يتم تداولها في بورصة نيويورك للأوراق المالية حيث سلطوا الضوء على العلاقة الاستراتيجية الممتدة التي تربط بين المملكة والشركة منذ ما يقارب 90 عاماً، والتي اتسمت بعلاقات التعاون المتينة.

وقال سكوت سترازيك، الرئيس التنفيذي لشركة "جنرال إلكتريك ڤيرنوڤا": "في ظل وجود خريطة طريق واضحة لرؤية السعودية 2030 وما بعدها، تحظى المملكة العربية السعودية بمكانة متميزة تؤهلها لقيادة عصر جديد من الطاقة. وتفخر ’جنرال إلكتريك ڤيرنوڤا‘ أن يكون لها دور مهم في هذه الجهود. كما نعمل على نقل التكنولوجيا والمهارات والمعارف من كافة أنحاء العالم إلى المملكة، بما يشمل عملنا في مركز ’جنرال إلكتريك للصناعة وتكنولوجيا الطاقة' ومنشاة الخبر المتكاملة (KIF). وتفخر "جنرال إلكتريك ڤيرنوڤا" أيضا بمواصلة مساهماتها الممتدة لنحو قرن من الزمان في قطاع الطاقة في المملكة. وتؤكد مبادرات اليوم التزامنا بالاستثمار وتوسيع أعمالنا في هذه المنطقة المهمة".

وتضمنت المبادرات والإنجازات الجديدة التي تم الإعلان عنها خلال الحدث ما يلي:

• خطط للاستثمار في تصنيع حلول الشبكات الكهربائية في المملكة: تماشياً مع مذكرة التفاهم التي تم توقيعها في نوفمبر 2024 بين "جنرال إلكتريك ڤيرنوڤا" والشبكة الوطنية، أعلنت "جنرال إلكتريك ڤيرنوڤا" عن نيتها ضخ استثمارات كبيرة لتوسيع منشأة "جنرال إلكتريك السعودية للتوربينات المتقدمة"(GESAT) في الدمام. وسيسهم هذا في تمكين الإنتاج المحلي من المفاتيح الكهربائية ذات الجهد العالي المعزولة بالغاز، مما يمثل تأسيس أول منشاة لـ"جنرال إلكتريك ڤيرنوڤا" من نوعها في الشرق الأوسط. ويأتي هذا الاستثمار في إطار استراتيجية “جنرال إلكتريك ڤيرنوڤا" الأوسع لدعم رؤية السعودية 2030، بما في ذلك سرعة توفير المعدات الأساسية طويلة الأمد والضرورية لتحديث البنية التحتية الكهربائية في المملكة. كما يؤكد التزام “جنرال إلكتريك ڤيرنوڤا" بتعزيز القدرات الصناعية المحلية وتوفير فرص عمل للكوادر البشرية السعودية.

• توسيع القدرة الإنتاجية: ستعمل "جنرال إلكتريك ڤيرنوڤا" على توسيع القدرة الإنتاجية في مجمع "مركز جنرال إلكتريك للصناعة وتكنولوجيا الطاقة" (GEMTEC) في الدمام لتطوير منتجات وخدمات وحلول أتمتة الشبكة في المملكة العربية السعودية. ويهدف هذا الاستثمار إلى تسريع رقمنة الشبكة وتحديثها، بما يعزز التزام الشركة على المدى الطويل ببناء شبكة للطاقة أكثر كفاءة وموثوقية واستدامة.

• إنجاز أول عملية صيانة لتوربينات غازية عالية الأداء بقيادة كوادر سعودية بالكامل: أعلنت الشركة السعودية للكهرباء و"جنرال إلكتريك ڤيرنوڤا" عن إنجاز أول عملية صيانة توربينات غازية يتم تخطيطها وتنفيذها بالكامل من قبل فريق من المهندسين والمتخصصين السعوديين في "جنرال إلكتريك ڤيرنوڤا" وذلك في محطة الكهرباء الثامنة في الرياض. وتؤدي المحطة الاستراتيجية دوراً حاسماً في تلبية الطلب المتزايد على الكهرباء. يسلط تنفيذ عملية الصيانة الضوء على التزام الشركتين بتعزيز المواهب المحلية في قطاع الطاقة السعودي.

• مذكرة تفاهم مع الشبكة الوطنية للكهرباء/الشركة السعودية للكهرباء: وقعت وحدة أعمال الحلول الرقمية في مجال الطاقة التابعة لشركة "جنرال إلكتريك ڤيرنوڤا" مذكرة تفاهم مع الشركة السعودية للكهرباء بهدف مساعدة المملكة على التحول الرقمي وتحديث وتسريع أهداف التحول في مجال الطاقة استعداداً لرؤية 2030 وما بعدها. وفي إطار مذكرة التفاهم، سوف تتعاون الشركة السعودية للكهرباء مع "جنرال إلكتريك ڤيرنوڤا" لاستكشاف الاستفادة من نظام شبكة GridOS® من "جنرال إلكتريك ڤيرنوڤا"، وهو أول مجموعة برامج مصممة لتنسيق الشبكة. ولدعم تبني البرنامج، تهدف "جنرال إلكتريك ڤيرنوڤا" إلى المساعدة على تطوير مركز إقليمي للكفاءة والتميز في الرياض.

• بروتوكولات التعاون مع بنك التصدير والاستيراد السعودي: في عام 2024، وقعت شركة "جنرال إلكتريك ڤيرنوڤا" مذكرة تفاهم مع بنك التصدير والاستيراد السعودي بهدف تمكين تصدير منتجاتها وخدماتها من المملكة العربية السعودية من خلال الإقراض والدعم التأميني من بنك التصدير والاستيراد السعودي.

ويؤدي التمويل والتأمين دوراً مهماً حيث تحرز المملكة تقدماً في تنويع اقتصادها من خلال نمو الصادرات غير النفطية. وأعلن الطرفان في منتدى "عصر الطاقة الجديد" عن بروتوكولات تعاون أكثر تفصيلاً تستند إلى مذكرة التفاهم السابقة لتحديد آلية عملهما سوياً في المستقبل.

-انتهى-

نبذة عن جنرال إلكتريك ڤيرنوڤا:

شركة طاقة عالمية تركز على مختلف تقنيات إنتاج ونقل الطاقة الكهربائية، تضم قطاعات الطاقة وطاقة الرياح والكهرباء، مدعومة بوحدات "التسريع" الخاصة بها. في ضوء خبرتها الواسعة التي تفوق 130 عاماً في مواجهة التحديات العالمية، تتمتع الشركة بمكانة فريدة للمساهمة في قيادة تحول قطاع الطاقة عبر الاستمرار في إمداد العالم بالكهرباء مع العمل في الوقت ذاته على إزالة الكربون. تساعد الشركة العملاء على تعزيز الاقتصادات وتوفير الكهرباء الضرورية لضمان الصحة والسلامة والأمن والارتقاء بجودة الحياة. يقع المقر الرئيسي للشركة في مدينة كامبريدج بولاية ماساتشوستس الأمريكية، حيث تضم حوالي 75 ألف موظف في حوالي 100 دولة حول العالم. وانطلاقاً من هدفها وشعارها المتمثل بـ "الطاقة لتغيير العالم"، تساهم تقنيات وحلول "جنرال إلكتريك ڤيرنوڤا" في توفير مستقبل أفضل للطاقة يتسم بالأسعار المعقولة والموثوقية والاستدامة والأمان. لمزيد من المعلومات، يرجى زيارة: GE Vernova وLinkedIn . 

البيانات التطلعية

تحتوي هذه الوثيقة على بيانات تطلعية - أي بيانات تتعلق بأحداث مستقبلية تتناول بطبيعتها أمورًا غير مؤكدة بدرجات متفاوتة. غالبًا ما تتناول هذه البيانات التطلعية الأداء المالي والأعمال المستقبلية المتوقع لشركة"‘جي إي فيرنوفا" والوضع المالي والأداء المتوقع لمنتجاتها وتأثير خدماتها والنتائج التي قد تنتجها، وغالبًا ما تحتوي على كلمات مثل "نظن" أو "نتوقع" أو "نعتزم" أو "نخطط" أو "نعتقد" أو "نسعى" أو "نرى" أو "سوف" أو "نقدر" أو تعابير مماثلة. كما تتناول البيانات التطلعية بطبيعتها أمورًا غير مؤكدة بدرجات متفاوتة، مثل البيانات المتعلقة بمذكرات التفاهم والتأثير المتوقع للعلاقات التي تم إنشاؤها بموجبها، ومقترحات العقود والمشاريع، والمناقصات، وعمليات المراجعة الحكومية والمسابقات، والاستثمارات أو المشاريع ونتائجها المتوقعة وتأثيرات الظروف الاقتصادية الكلية والسوقية والتقلبات على العمليات التجارية للشركة والنتائج المالية والموقف المالي وعلى سلسلة الإمداد العالمية والاقتصاد العالمي.

للمزيد من المعلومات الرجاء الاتصال بـ:

عبير مسعود

مديرة الاتصال المؤسسي لمنطقة الشرق الأوسط وأفريقيا في شركة جنرال إلكتريك ڤيرنوڤا

abeer.masood@gevernova.com  

end

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova

GE Vernova fuels Saudi Arabia’s energy transition with bold initiatives at the ‘New Era of Energy’ forum

9 min read
  • GE Vernova’s ‘New Era of Energy' forum brings together over 200 senior leaders from across Saudi Arabia’s energy sector to promote crucial collaboration in support of Saudi Vision 2030 and the Kingdom’s goals to reach net zero by 2060. 

  • GE Vernova announced its intent to invest in expanding the GE Saudi Arabia Turbines (GESAT) facility in Dammam to enable the production of high-voltage gas-insulated switchgears.

  • Saudi Electricity Company (SEC) and GE Vernova announced the safe and successful completion of the first gas turbine outage planned and executed entirely by GE Vernova’s Saudi engineers and specialists.

  • GE Vernova and Saudi EXIM announced detailed Protocols of Cooperation aimed at working together to enable the export of GE Vernova’s goods and services from the Kingdom.

RIYADH, KINGDOM OF SAUDI ARABIA (February 25, 2025) – Under the patronage of the Ministry of Energy, GE Vernova hosted the exclusive ‘New Era of Energy' forum at the King Abdullah Petroleum Studies and Research Center (KAPSARC), Riyadh, Kingdom of Saudi Arabia.  At the event, Scott Strazik, CEO of GE Vernova, joined over 200 distinguished senior leaders from the public, private, and non-profit sectors across the energy ecosystem to exchange ideas, share solutions, and present best practices to further strengthen Saudi Arabia’s energy ecosystem in support of Saudi Vision 2030.

Additionally, GE Vernova’s annual Global Supplier Partnership Summit, was hosted with more than 300 GE Vernova supplier organizations in attendance. The event’s aim was to deepen the energy sector supply chain, drive national industrialization and economic diversification goals, and foster foreign investments to create greater shared value in the power sector.

Members of GE Vernova’s executive leadership team also met in Riyadh, prioritizing bringing the executive leadership team to the Kingdom within the first year of GE Vernova’s spin-off as an independent company trading on the New York Stock Exchange. They highlighted the 90-year strategic relationship between the Kingdom and the company, which has been marked by deep and continued cooperation on energy innovation.

“With a clear roadmap for Vision 2030 and beyond, Saudi Arabia is well placed to lead a new era of energy, and GE Vernova is honored to play a significant role in these efforts,” said Scott Strazik, CEO of GE Vernova. “We are applying technologies, skills, and knowledge from around the world to the Kingdom – including in our work at the GE Manufacturing and Technology Center campus and the Khobar Integration Facility. GE Vernova is proud to continue our near century of contributions to the Kingdom’s power sector, and today’s announcements underscore our commitment to investing and expanding our work in this important region.”

New initiatives and milestones announced at the event included the following:

  • Plans to invest in manufacturing grid solutions in the Kingdom: In alignment with the Memorandum of Understanding (MOU) signed in November 2024 between GE Vernova and National Grid, GE Vernova announced the intent to make a significant investment to expand its GE Saudi Advanced Turbines (GESAT) facility located in Dammam. This will enable the local production of high-voltage gas-insulated switchgears, marking the establishment of the first GE Vernova facility of its kind in the Middle East. The investment is part of GE Vernova's broader strategy to support Saudi Vision 2030, including the timely delivery of essential, long-lead equipment critical for the modernization of the country's electrical infrastructure. It also underscores GE Vernova's commitment to deepening local industrial capabilities and generating employment opportunities for the people of Saudi Arabia.
  • Expanded production capacity: GE Vernova will be expanding production capacity at its GE Manufacturing Technology Center (GEMTEC) facility in Dammam to advance grid automation products, services, and solutions in Saudi Arabia. This investment aims to accelerate grid digitalization and modernization, reinforcing its long-term commitment to a more efficient, reliable, and sustainable power network.
  • First ever heavy-duty gas turbine outage led entirely by Saudi nationals: Saudi Electricity Company (SEC) and GE Vernova announced the safe and successful completion of the first gas turbine outage entirely planned and executed by GE Vernova’s Saudi engineers and specialists at the 8th Power Plant in Riyadh. The strategic facility plays a critical role in addressing the growing electricity demands. The outage execution highlights both companies' commitment fostering local talent within Saudi Arabia's energy sector.
  • MOU with Saudi Electricity Company (SEC): GE Vernova’s Electrification Software business signed an MOU with SEC to help the country digitize, modernize, and accelerate on energy transition goals as it prepares for Vision 2030 and beyond. As part of the MOU, SEC will collaborate with GE Vernova and explore utilization of GE Vernova’s GridOS® the first software portfolio designed for grid orchestration. To support the adoption of the software, GE Vernova aims to help develop a Regional Center of Competency & Excellence in Riyadh.
  • Protocols of Cooperation with Saudi EXIM Bank: In 2024, GE Vernova signed an MOU with Saudi EXIM Bank aimed at enabling the export of its goods and services from Saudi Arabia through lending and insurance support from Saudi EXIM Bank. Financing and insurance play an important role as Saudi Arabia progresses in diversifying its economy through the growth of non-oil exports. At the New Era of Energy forum, the two parties announced more detailed Protocols of Cooperation to define how they will work together moving forward by building on the previous MOU.

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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.

Forward-Looking Statements

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Michael Lapides

GE Vernova | Vice President of Investor Relations

+1 617 674 7568

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Abeer Masood
GE Vernova | Communications Director, Middle East and Africa
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GE Vernova

GE Vernova receives CVE numbering authority designation for cybersecurity vulnerability management

4 min read
  • GE Vernova Inc. expands CVE Numbering Authority (CNA) status to all business segments 

  • Expansion allows CVE ID assignments to cybersecurity vulnerabilities, publishing CVE Records, and streamlining vulnerability reporting across its portfolio.

CAMBRIDGE, Mass. (February 21, 2025) – GE Vernova Inc. (NYSE: GEV) announced today that it has been authorized by the Common Vulnerability and Exposures Program as a CVE Numbering Authority (CNA). CNAs are organizations responsible for assigning CVE IDs to cybersecurity vulnerabilities potentially related to its products and for creating and publishing information about these vulnerabilities in the associated CVE Record. Each CNA has a specific scope of responsibility for identifying and publishing details about vulnerabilities.

This authorization extends the CNA status previously held by GE Gas Power to now include all GE Vernova businesses, encompassing our Power, Wind, and Electrification segments. As a CNA, GE Vernova can assign CVE identification numbers to newly discovered vulnerabilities potentially related to its products, allowing GE Vernova to directly publish new CVE Records and streamline the reporting process. GE Vernova will maintain all previously assigned CVEs created by GE Gas Power, ensuring continuity and consistency in vulnerability reporting.

"This expanded authorization reaffirms our unwavering commitment to maintaining a security culture across all our businesses," said Ronald Wiederhold, GE Vernova Vice President of Product Cybersecurity. "By identifying and mitigating cybersecurity vulnerabilities, we support our customers and partners, enabling them to operate their energy infrastructure with confidence in GE Vernova and our portfolio of products and services."

###

About the CVE Program  
The mission of the Common Vulnerabilities and Exposures (CVE®) Program is to identify, define, and catalog publicly disclosed cybersecurity vulnerabilities. There is one CVE Record for each vulnerability in the catalog. The vulnerabilities are discovered then assigned and published by organizations from around the world that have partnered with the CVE Program. Partners publish CVE Records to communicate consistent descriptions of vulnerabilities. Information technology and cybersecurity professionals use CVE Records to ensure they are discussing the same issue, and to coordinate their efforts to prioritize and address the vulnerabilities.

The CVE Program is sponsored by the Cybersecurity and Infrastructure Security Agency (CISA), of the U.S. Department of Homeland Security (DHS) and is operated by the MITRE Corporation in close collaboration with international industry, academic, and government stakeholders.

end

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.

© 2025 GE Vernova. All rights reserved. GE Vernova reserves the right to vary its findings and conclusions should any information or technical knowledge come to GE Vernova after the date of this document. This Security Advisory does not vary any contractual relationship between GE Vernova and its customer. NO REPRESENTATION OR WARRANTY IS MADE OR IMPLIED AS TO ITS COMPLETENESS, ACCURACY, OR FITNESS FOR ANY PARTICULAR PURPOSE.

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GE Vernova

GE Vernova to invest almost $600 million in U.S. factories and facilities over next two years

10 min read
  • America’s leading energy manufacturer expects to create more than 1,500 new factory and engineering jobs in the U.S.

  • Expansions at company’s U.S. factories and facilities will help meet surging customer demands for electricity equipment at home and abroad

  • Investments focus on gas power, grid, nuclear and onshore wind manufacturing sites

  • Company’s world class Advanced Research Center in Niskayuna, NY plans to grow as a leading energy innovation hub while accelerating cutting-edge energy technology development

CAMBRIDGE, MA (January 29, 2025) – GE Vernova Inc. (NYSE:GEV), America’s leading energy manufacturing company, is planning to invest nearly $600 million in its U.S. factories and facilities over the next two years to help meet the surging electricity demands around the world.

The new investments – expected to create more than 1,500 new U.S. jobs – will help drive U.S. energy affordability, national security, and competitiveness, and enable the American manufacturing footprint needed to support expanding global exports.

With worldwide energy needs forecasted to double, the substantial investments – the largest since the company’s spinoff in April – will help meet soaring customer demand, strengthen domestic supply chains, and continue developing cutting-edge American technology that helps power the world.

“These investments represent our serious commitment and responsibility as the leading energy manufacturer in the United States to help meet America’s and the world’s accelerating energy demand,” said Scott Strazik, CEO of GE Vernova. “These strategic investments and the jobs they create aim to both help our customers meet the doubling of demand and accelerate American innovation and technology development to boost the country’s energy security and global competitiveness.”

The new investments are the first 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 on December 10. Currently GE Vernova has more than 18,000 workers across 50 states in the U.S., with 18 U.S. manufacturing facilities and its global headquarters located in Massachusetts. The company’s technology helps produce approximately 25 percent of the world’s energy and is currently deployed in more than 140 countries.

Plans to expand gas turbine manufacturing
To support our previously announced plan to deliver up to 80 heavy duty gas turbines per year, resulting in an additional 20GW of electricity globally, GE Vernova intends to invest almost $300 million in support of its Gas Power business and build-out of capacity incremental heavy duty gas turbines. The new funding is projected to create more than 850 new jobs, and support a range of new projects, including: 

  • In Greenville, SC, the company is planning to invest more than $160 million to support capacity growth, quality, industrialization and delivery efforts, and new testing capability with hydrogen fuel. These efforts are expected to create more than 650 new jobs.
  • In Schenectady, NY, as previously announced, GE Vernova is planning to hire on more than 100 new jobs in 2025, and is investing over $50 million to support capacity growth and sustainability, industrialization and quality efforts.
  • GE Vernova is planning to invest nearly $50 million combined in its Parsippany, NJ, and Bangor, ME, locations to support capacity growth and quality, industrialization and delivery efforts.

Plans to expand grid solutions business
GE Vernova is planning to invest a total of nearly $20 million to expand capacity at its Grid Solutions facilities in Charleroi, PA, which manufactures switchgear, and Clearwater, FL, which produces capacitors and instrument transformers. The investment is expected to result in a total of more than 260 new jobs at the two facilities. The investments are critical to meet rising demand for critical high-voltage grid equipment. The majority of the investment is planned for the installation of new assets to create additional capacity and improve productivity.

More resources for nuclear business
GE Vernova’s nuclear business, GE Hitachi, plans to invest more than $50 million to enhance safety, quality and productivity at its Wilmington, NC, factory and to launch its next generation nuclear fuel design, a critical component to the company’s small modular reactor, the BWRX-300. The BWRX-300 reactor is the only advanced design that includes an approved, existing fuel. Expanding capacity of the fuel manufacturing operation further positions the BWRX-300 as the most ready to deploy advanced reactor on the market.

This investment also seeks to expand automation at the plant, which has been manufacturing fuel since 1968 and serves much of the U.S. boiling water reactor fleet, strongly positioning it for the future as the demand for nuclear energy increases globally, particularly as several U.S. utilities restart retired plants.

More capacity for U.S. onshore wind factories
As it continues focusing on its workhorse product strategy, GE Vernova’s Wind segment is planning to invest nearly $100 million in its manufacturing facilities in Pensacola, FL, Schenectady, NY, and Grand Forks, ND, and its remanufacturing facilities in Amarillo, TX. These continuing investments aim to strengthen the U.S. supply chain for renewable energy through factory upgrades and tooling and fixtures investments, while improving customer and employee experience through a new experience center in Pensacola and office renovations in Schenectady.

Adding U.S. manufacturing capacity to support U.S. grid, demand for solar and energy storage
GE Vernova is planning to invest more than $10 million in its Pittsburgh, PA, facility to expand capabilities across its Electrification segment. This includes planned funding to house a new domestic manufacturing line for the company’s FLEXINVERTER, a key technology for utility-scale solar and energy storage applications. The total investment is expected to create more than 270 new jobs, with the new line producing both the 1500V and 2000V FLEXINVERTER. This will help enable utilities to seamlessly connect renewable energy sources to the grid, ensuring stable and consistent energy supply for homes and businesses.

Expanding leading energy innovation research hub
At its Advanced Research Center in Niskayuna, NY, a leading hub for energy technology and innovation, GE Vernova plans to invest almost $100 million in 2025 to strengthen the center’s electrification and carbon efforts, enable continued recruitment of top-tier talent, and push forward innovative technologies including direct air capture, alternative fuels for power generation, the grid of the future, critical infrastructure security and more. In partnership with New York Governor Kathy Hochul and Empire State Development, the State of New York is committing an additional $9.6 million in tax credits to the project. The company expects this investment will create 75 new research jobs. The company is also planning to fund Generative Artificial Intelligence (AI) work in Niskayuna at $15 million in 2025.

These new investments in U.S. facilities follow more than $167 million in funding in 2024 across a range of GE Vernova sites, helping create more than 1,120 jobs to continue U.S. leadership in energy manufacturing for the nation and exports for the world.

To learn more, visit our Investing in Manufacturing page.

###

About GE Vernova
GE Vernova is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova’s website and LinkedIn.

Forward-Looking Statements
This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about memoranda of understanding and the expected impact of the relationships created thereunder, contract and project proposals, bidding processes, government review processes and competitions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

end

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova

Integração para a descarbonização: respostas para desafios do setor elétrico no Brasil

11 min read
Images of a gas turbine, a dam, wind turbines, an energy storage unit, and an electrical station.

 

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

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

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

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

INTEGRAÇÃO É CHAVE PARA A DESCARBONIZAÇÃO

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

Um parque solar com turbinas eólicas ao fundo

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

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

MAIS QUE UMA GERAÇAO EFICIENTE, ESTABILIDADE NA ENTREGA

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

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

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

Sistema de painéis digitais para monitorar a rede elétrica

DE OLHO NO FUTURO: INTEGRAÇÃO E NOVAS TECNOLOGIAS

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

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

Quer saber mais?

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

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GE Vernova

The 10 Biggest Stories from Year One of GE Vernova

Christine Gibson
GE Vernova Sustainability Report

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“In my mind, there are no two letters that better embody the spirit of innovation — and have always embodied the spirit of innovation, in the past and the future of this country — than ‘GE,’” said Scott Strazik, CEO of GE Vernova, as his company officially completed its spin-off from the GE Corporation in April. In the eight months since, GE Vernova has continued to make good on its commitment to electrify and decarbonize the world. As the company looks forward to another year leading the energy transition, here’s a glance back at the biggest milestones of 2024.

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GE Vernova

GE Vernova to host Investor Update event on December 10

2 min read

CAMBRIDGE, Mass. (November 20, 2024) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer Scott Strazik and Chief Financial Officer Ken Parks will host an Investor Update event in New York, New York on Tuesday, December 10, 2024, at 4:30 PM EST. Strazik and Parks will provide an update on GE Vernova’s multi-year financial outlook and capital allocation strategy.

The event will be webcast and materials will be available through GE Vernova’s Investor Relations website at https://www.gevernova.com/investors/events/investor-update.

 

Additional information

GE Vernova’s website at https://www.gevernova.com/investors contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit this website from time to time, as information is updated and new information is posted. Investors are also encouraged to visit GE Vernova’s LinkedIn and other social media accounts, which are platforms on which the company posts information from time to time.

end

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.

© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova

GE Vernova announces agreement to strengthen and grow U.S. energy supply chain, acquiring gas turbine combustion parts business from Woodward, Inc.

6 min read
  • Acquisition further secures critical supply chain during time of increasingly strong demand

GREENVILLE, S.C. (November 18, 2024) – GE Vernova, Inc. (NYSE: GEV) today announced that it has signed a definitive agreement to acquire Woodward, Inc.’s (NASDAQ: WWD) heavy duty gas turbine combustion parts business based in Greenville, S.C. This transaction is an important component of GE Vernova’s strategy of investing in U.S. manufacturing and jobs and strengthening its domestic supply chain.

“We are excited to acquire and integrate this critical capability for our domestic supply chain as we continue to see increasing demand for our heavy-duty gas turbines and upgrades globally,” said Eric Gray, President & CEO, GE Vernova’s Gas Power business. “Welcoming these experts to our Greenville, S.C., team will further enable us to address this growing demand from our customers and meet the electrification needs of our country while serving as an indicator of our commitment to the industry and the community.”

Under the terms of the agreement, and subject to meeting all closing terms and conditions, GE Vernova is expected to acquire all assets related to Woodward, Inc.’s Greenville site, which today is nearly entirely dedicated to supplying parts and services to GE Vernova’s gas turbine manufacturing operations. GE Vernova has had a significant presence in the Greenville area for more than 50 years with current operations including manufacturing and testing gas turbines, providing global engineering support and other activities.

“We are pleased to sign this agreement with GE Vernova,” said Chip Blankenship, Chairman and CEO of Woodward. “This targeted transaction is good for our customer and members and will allow us to focus resources on products that will drive the most value as part of Woodward. I am grateful for our Greenville members’ longtime dedication to Woodward and to serving the customer. They will have opportunities to continue their great work as GE Vernova takes on ownership of the operations.”

While financial terms of the acquisition are not being made public, the transaction is expected to close in early 2025, subject to certain closing conditions. GE Vernova is working closely with the Woodward team to enable a smooth transition for employees in Greenville.

###

About Woodward, Inc.
Woodward (NASDAQ: WWD) is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.

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GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and power plant technologies and services with the industry’s largest installed base. 

Forward-Looking Statements

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova

Relatório de Transparência e Igualdade Salarial – Mulheres & Homens

1 min read

30 de setembro de 2024 - A GE Vernova, em atendimento à Lei 14.611/23, apresenta os Relatórios de Transparência e Igualdade Salarial de Mulheres e Homens elaborados pelo Ministério do Trabalho e Emprego (M.T.E.), relativo ao 2º semestre de 2024.

Confira o documento disponível para download no link ao lado.
 

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© 2024 GE Vernova and/or its affiliates. All rights reserved.</br>
GE is a trademark of General Electric Company and is used under trademark license

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GE Vernova reaffirms full year 2024 guidance and provides segment updates

8 min read

CAMBRIDGE, Mass. (September 12, 2024) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer, Scott Strazik, will present today at the 12th Annual Morgan Stanley Laguna conference in Laguna Beach, California at 8:10 AM PDT.  Strazik will discuss the company’s strategic progress and the robust demand for power generation, services, and grid equipment.

As part of today’s event, GE Vernova reaffirms its full year 2024 financial guidance, with revenue trending towards the higher end of $34-$35 billion, adjusted EBITDA margin* of 5%-7%, and free cash flow* of $1.3-$1.7 billion. The company expects incremental strength in its Power and Electrification segments, with both trending towards the higher end of EBITDA margin guidance, to offset additional costs in its Wind segment, due to the recent Offshore Wind blade events.

For third quarter 2024, GE Vernova still expects solid year-over-year organic revenue* growth with adjusted EBITDA* now relatively flat versus prior year, as a result of the additional Offshore Wind costs. The Wind segment is now expected to generate an approximately $300 million EBITDA loss in the third quarter 2024 given these costs, despite Onshore Wind delivering a fifth straight quarter of profitability. The company expects the Wind segment to be modestly profitable in the fourth quarter.

Additional updates Strazik will share include how Power is expanding capacity to enable delivery of 70 to 80 heavy duty gas turbine units annually starting in 2026, compared to the recent average of approximately 55 shipments annually. Given the strong demand for grid equipment, GE Vernova expects the Electrification equipment backlog1 to more than triple by year end 2024, compared to the $6.4 billion backlog at year end 2022.

Finally, GE Vernova will host an investor event on Tuesday, December 10, 2024, in New York City, to provide an update on the company’s financial outlook and capital allocation strategy.

###

Additional information
GE Vernova’s website at https://www.gevernova.com/investors contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit this website from time to time, as information is updated and new information is posted. Investors are also encouraged to visit GE Vernova’s LinkedIn and other social media accounts, which are platforms on which the company posts information from time to time.

[1] Defined as remaining performance obligation (RPO)

*Non-GAAP Financial Measure 

Non-GAAP Financial Measures
In this press release, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered “non-GAAP financial measures” under SEC rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in our earnings press releases and presentations and our Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, as applicable.

2024 Guidance: Adjusted EBITDA margin* & Free Cash Flow*
We cannot provide a reconciliation of the differences between the non-GAAP financial measures expectations and the corresponding GAAP financial measures for each of adjusted EBITDA margin* and free cash flow in our 2024 guidance without unreasonable effort due to, with respect to adjusted EBITDA margin, the uncertainty of foreign exchange rates, the costs and timing associated with potential restructuring actions and the impacts of depreciation and amortization, and with respect to free cash flow, the uncertainty of timing for capital expenditures.

Forward-Looking Statements
This press release contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.”  Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about GE Vernova’s expected financial and operating performance, financial condition and guidance, demand for its products and services, its capacity and ability to produce and deliver its products, including gas turbines, direct and indirect financial, operational and reputational impact of recent Offshore Wind blade events, the nature, size and progress with respect to its backlog and capital allocation plans, including the timing and amount of dividends, share repurchases, acquisitions, organic investments and other priorities. Any forward-looking statement in this press release speaks only as of the date on which it is made. Although GE Vernova believes that the forward-looking statements contained in this press release are based on reasonable assumptions, you should be aware that many factors could affect GE Vernova’s actual results and could cause actual results to differ materially from those in such forward-looking statements, including but not limited to factors that are beyond GE Vernova’s control, such as the impacts of macroeconomic and market conditions, the global supply chain and laws and government regulations. For details on the uncertainties that may cause GE Vernova’s actual future results to be materially different than those expressed in its forward-looking statements, please see GE Vernova’s Information Statement dated March 8, 2024, which was attached as Exhibit 99.1 to a Current Report on Form 8-K furnished with the Securities and Exchange Commission (SEC) on March 8, 2024, its Quarterly Report on Form 10-Q for the quarterly period ending June 30, 2024, filed with the SEC, as well as its other filings with the SEC.

About GE Vernova
GE Vernova is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova’s website and LinkedIn.

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Michael Lapides

GE Vernova | Vice President of Investor Relations

+1 617 674 7568

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Adam Tucker
GE Vernova | Director of Financial Communications