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Electrification

GE Vernova expands manufacturing capacity in Vietnam to support growing global electrification needs

6 min read
  • New Hai Phong facility to manufacture large power transformers primarily for HVDC transmission projects

  • Investment strengthens manufacturing footprint to support fast-growing regional and international demand

  • Project expected to create approximately 450 jobs and support workforce development in Vietnam

Hai Phong, Vietnam | March 10, 2026 – GE Vernova (NYSE: GEV) today announced an investment of approximately $200 million to expand manufacturing capacity within its Electrification segment by establishing a new facility in Hai Phong, Vietnam. GE Vernova’s Electrification segment provides technologies that support power transmission, grid stability, and large-scale electrification programs worldwide.

This investment forms part of GE Vernova’s planned investments of $11 billion in capex and R&D from 2025 through 2028, including $1 billion for Prolec GE from 2026 to 2028. It follows GE Vernova completing the $5.3 billion acquisition of Prolec GE to increase transformer production in the North American market, more than $300 million in investments in grid facilities in the United States, and the expansion of its Stafford, UK site to strengthen HVDC and grid manufacturing capabilities in Europe.

The new facility will manufacture large power transformers mainly for High-Voltage Direct Current (HVDC) projects, complementing GE Vernova’s existing HVDC transformer manufacturing facilities in Stafford, UK, and India. These technologies are used to move electricity efficiently over long distances and ensure power networks can safely and reliably handle rising electricity demand.

“Electrification is accelerating globally, and reliable power infrastructure is increasingly essential to support economic growth and energy security,” said Philippe Piron, CEO of GE Vernova’s Electrification segment. “This investment expands our manufacturing capacity in a region experiencing strong demand growth while reinforcing a diversified supply chain that supports customers across Asia and other regions as needed. It also reflects our long-term commitment to supporting Vietnam’s industrial development.”

The Hai Phong facility is planned to be developed in phases, with full operations expected in 2028, subject to regulatory approvals. Once operational, the site is expected to contribute towards GE Vernova’s broader transformer manufacturing capacity while primarily serving growing demand across Asia.

Electricity demand growth is particularly strong in fast-industrializing and urbanizing markets, where power infrastructure expansion and modernization are advancing at pace. Locating manufacturing capacity in this region will allow the company to improve delivery timelines, strengthen supply chain resilience, and support reliable project execution.

The project is expected to create approximately 450 jobs by 2030, with a significant number planned to be filled locally. In addition, GE Vernova plans to implement workforce training and knowledge-sharing programs in Vietnam, helping build local capabilities while connecting the Hai Phong site to its global Electrification manufacturing network.

GE Vernova’s equipment supports up to 30% of Vietnam’s electricity needs, reflecting the company’s long-standing presence in the country. Today, GE Vernova employs more than 1,100 people across nine locations in Vietnam, spanning multiple businesses. In addition to the new Hai Phong facility, GE Vernova operates the Phu My repair facility and the Dung Quat HRSG manufacturing plant, which are part of the company’s broader global repair and manufacturing network serving customers worldwide.

 

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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.

end

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 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.

GE Vernova’s Grid Solutions business electrifies the world with advanced grid technologies and systems, enabling power transmission and distribution across the power grid, and supporting a decarbonized and secured energy transition.

© 2026 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's Electrification Facility Launch Vietnam
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Power

Global Nuclear Fuel awarded fuel supply contract by Entergy for Grand Gulf and River Bend nuclear power plants

4 min read

WILMINGTON, North Carolina (March 10, 2026) – Global Nuclear Fuel (GNF, a GE Vernova-led alliance with Hitachi, Ltd. and affiliate of GE Vernova Hitachi Nuclear Energy) today announced it has been awarded a contract by Entergy to continue to fuel its Grand Gulf and River Bend Station nuclear power plants.

The new agreement extends the current fuel supply contract through 2035 and includes four reloads of the new GNF4 fuel design.

“We have fueled Grand Gulf and River Bend continuously since 2008 and are proud to support Entergy with our newest, most advanced fuel design, GNF4,” said Craig Ranson, Installed Base CEO, GE Vernova Hitachi Nuclear Energy and CEO of GNF. “We look forward to bringing the economic and performance benefits of GNF4 to Entergy.”

Lead use assemblies of GNF4 will be loaded into River Bend in 2027, while GNF4 reloads are scheduled for Grand Gulf in 2030 and River Bend in 2031.   

Introduced in October 2025, the 11x11 GNF4 next generation fuel product features two advanced components that are licensed by the U.S. Nuclear Regulatory Commission: Ziron cladding, which was developed to better resist corrosion, and aluminosilicate doped uranium dioxide pellets, which delivers Accident Tolerant Fuel (ATF) benefits through an extra layer of reliability.

“Entergy is proud to continue our long-standing relationship with GE Vernova for fueling our BWR units,” said Jack Davis, GM Nuclear Fuels & Integrated Risk Services, Entergy. “Entergy has been at the forefront of ATF technology advancements, translating high-technology readiness innovations into practical applications. The innovative GNF4 product allows us to achieve the same power levels with less uranium and less enrichment which translates into savings for our customers.”

Fuel for the plants will be fabricated by GNF at its Wilmington, NC facility.

GNF provides a wide range of services to support nuclear power plants including expert core and fuel cycle engineering, reload licensing and core management services, predictive reports and fuel reliability risk assessments, cyber-secure core monitoring and fleet analytics, fuel examination services and consulting on reactor operations and long-term fuel storage.

###

About Global Nuclear Fuel
GE Vernova’s Nuclear fuel business, Global Nuclear Fuel (GNF), is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE Vernova-led alliance with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan. GNF affiliate GE Vernova Hitachi Nuclear Energy (GVH) is a world-leading provider of nuclear reactor services and advanced nuclear reactor designs and operates primarily through GE Vernova Hitachi Nuclear Energy Americas, LLC, and GE Vernova Hitachi Energy International, LLC, both headquartered in Wilmington, NC. HITACHI is a trademark of Hitachi, Ltd. used under trademark license. GE is a trademark of General Electric Company used under trademark license.

About Entergy
Entergy (NYSE: ETR) produces, transmits and distributes electricity to power the life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing for growth and improved reliability and resilience of our energy system while working to keep energy rates affordable for our customers. We’re also investing in cleaner energy generation like modern natural gas, nuclear and renewable energy. A nationally recognized leader in sustainability and corporate citizenship, we deliver more than $100 million in economic benefits each year to the communities we serve through philanthropy, volunteerism and advocacy. Entergy is a Fortune 500 company headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at Entergy.com and connect with @Entergy on social media.

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© 2026 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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Investor Relations

GE Vernova CEO Scott Strazik to speak at Bank of America Global Industrials Conference 2026

2 min read

CAMBRIDGE, Mass. (March 4, 2026) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer and President Scott Strazik will present at the Bank of America Global Industrials Conference 2026 on Wednesday, March 18, 2026, at 8:50 AM GMT (4:50 AM EST). Strazik will speak to investors in a fireside chat, highlighting how GE Vernova’s platform of solutions is well-positioned to serve the growing, long-cycle electric power market.

The conference webcast and replay will be available through GE Vernova’s Investor Relations website at https://www.gevernova.com/investors/events.

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, 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 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.

© 2026 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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Electrification

GE Vernova expands manufacturing capacity in Italy to support growing global electrification demand

5 min read
  • Century‑long Italian engineering hub in Sesto San Giovanni expands to support GE Vernova’s growing Electrification segment

  • Expansion increases production of bushings - essential components for global transmission and distribution networks

  • Adds approximately 50 manufacturing jobs in Lombardy

SESTO SAN GIOVANNI, Italy (March 3, 2026) - GE Vernova Inc. (NYSE: GEV) today announced approximately $30 million investment in the expansion of its electrification manufacturing facility in Sesto San Giovanni, Italy, to support rising global demand for electrification infrastructure.

The initiative aims to increase production capacity for essential components used in power and generator transformers - bushings - which enable safe and efficient transmission and distribution of electricity. The expansion is expected to create approximately 50 new jobs in Lombardy region, primarily in manufacturing.

“With this investment, we are strengthening a strategic capability within our fastest-growing Electrification segment,” said Philippe Piron, CEO of GE Vernova's Electrification segment. “Sesto San Giovanni plays a central role in our global bushing manufacturing footprint. Expanding capacity here increases supply security for our customers and reinforces our ability to support large-scale power transmission and generation programs worldwide.”

As utilities and energy companies worldwide invest in grid upgrades and modernize power networks to meet rising electricity demand, the need for transformers and substations continues to grow, driving increased demand for bushings, which ensure this high‑voltage equipment operates reliably and safely. The project is expected to introduce additional production lines for advanced dry-type bushings, including Resin Impregnated Paper (RIP) and Resin Impregnated Synthetic (RIS) technologies, covering voltage levels up to 245 kV.

This expansion forms part of GE Vernova’s planned $11 billion investments in capital expenditures and R&D from 2025 through 2028. The announcement follows GE Vernova’s $5.3 billion acquisition of Prolec GE to increase transformer production in the North American market, more than $100 million investments in grid facilities in the United States, and the expansion of its Stafford, UK site to strengthen High-Voltage Direct Current (HVDC) and grid manufacturing capabilities in Europe.

A century of Italian engineering and manufacturing excellence

For more than 100 years, GE Vernova’s Sesto San Giovanni facility has been recognized for engineering quality and manufacturing expertise in high-voltage bushings. The site hosts GE Vernova’s Bushing Center of Excellence and designs, manufactures, and services products used in large-scale power infrastructure projects worldwide, supporting some of the highest voltage applications in the industry.

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.

For more information on GE Vernova’s bushing portfolio and technology, visit the website

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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.

end

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 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.

GE Vernova’s Grid Solutions business electrifies the world with advanced grid technologies and systems, enabling power transmission and distribution across the power grid, and supporting a decarbonized and secured energy transition.

© 2026 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 completes sale of Proficy® software business to TPG

3 min read

CAMBRIDGE, Mass. (March 2, 2026) – GE Vernova Inc. (NYSE: GEV) announced today the completion of the previously announced acquisition of GE Vernova's Proficy® software business ("Proficy") by TPG, a leading global alternative asset management firm, for $600 million. 

The transaction establishes Proficy as an independent software business serving more than 20,000 customers across discrete, process, and hybrid manufacturing, as well as metro transit and other infrastructure applications. Proficy's fully integrated solutions include cloud-based and on-premises HMI/SCADA, MES, industrial data management, and analytics, offering architectural flexibility from equipment to the production line, plant, and full enterprise. 

With the close of this transaction, TPG now owns and controls the Proficy business. GE Vernova remains focused on delivering its software solutions that help customers electrify and decarbonize the energy ecosystem, anchored by GridOS®, its enterprise software and AI platform for grid orchestration. 

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. Forward-looking statements may be identified by words such as "expect," "anticipate," "intend," "plan," "will," "would," "estimate," "believe," "project," "outlook," and similar expressions. Such statements, including those regarding the expected future business operations of GE Vernova and the standalone Proficy software business, are subject to risks and uncertainties that could cause actual results to differ materially. These risks include factors described in GE Vernova's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent SEC filings. GE Vernova undertakes no obligation to update any forward-looking statements except as required by law. 

end

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 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.

© 2026 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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Nuclear Power

Deployment of BWRX-300 small modular reactor in Poland takes major step forward with design development

8 min read

WASHINGTON D.C. (February 24, 2026) – GE Vernova Hitachi Nuclear Energy (GVH) and Orlen Synthos Green Energy (OSGE) have signed an agreement to advance the Polish generic design of the BWRX-300 small modular reactor (SMR). The Poland Generic Design Agreement (PGDA) was signed during a ceremony today in Washington D.C. Participants included U.S. Deputy Secretary of Energy James Danly, Poland’s Minister of Energy Miłosz Motyka, Government Plenipotentiary for Strategic Energy Infrastructure and Deputy of Minister of Energy Wojciech Wrochna, as well as representatives from GVH, OSGE and SGE.

Following the contract signature, OSGE will invest in the development of a detailed BWRX-300 design that will serve as a reference design for SMR projects in Poland.

“This agreement sends a strong signal that the U.S. commitment to Poland’s energy security remains steadfast,” U.S. Deputy Secretary James Danly said. “The Intergovernmental Agreement with Poland anchors our civil nuclear cooperation and provides a valuable framework to foster public-private partnerships strengthened today.”

“Poland has the potential to become a European leader in Small Modular Reactor (SMR) technology,” Polish Minister of Energy Miłosz Motyka said. “A further decisive step toward that objective has just been taken. To ensure a stable, zero-emission power system and predictable market conditions for industry, we are advancing in parallel both large-scale nuclear power plants and small modular reactor technology. SMRs provide critical baseload support for energy-intensive industries, contribute to price stability for end-users, and represent a powerful growth stimulus for the Polish nuclear supply chain. In the context of steadily increasing electricity demand, the deployment of both technologies is essential.”

“This is a decision of strategic importance for Poland’s energy transition,” Polish Secretary of State at the Ministry of Energy Wojciech Wrochna said. “The generic design constitutes the cornerstone for building a standardized reactor fleet under a repeatable deployment model. Standardization translates into lower unit capital expenditures and enhanced cost competitiveness. It also creates a significant opportunity to strengthen domestic industrial capabilities and to secure meaningful participation of Polish companies in the execution of advanced nuclear technology projects.”

“This investment by OSGE is a game-changer for the future of nuclear energy in Poland,” said Jason Cooper, CEO, GVH. “Advancing the generic design of the BWRX-300 to accelerate its deployment in Poland is another example of what can be achieved with shared vision and investment.” 

“The agreement concluded today provides for the design of a nuclear power plant in accordance with Polish regulations,” said Rafał Kasprów, CEO of OSGE. “It will be applicable to the deployment of a fleet of BWRX-300 reactors across multiple locations in Poland. This project approach, which forms a core element of OSGE’s strategy, will enable significant cost reductions through design standardization and the development of a robust supply chain. As a result, it will lower the cost of electricity for the Polish power system and, ultimately, for end consumers.”

Momentum around the BWRX-300 continues to build globally. The first BWRX-300 is under construction at Ontario Power Generation’s Darlington site in Canada, with completion expected by the end of the decade, which will make it the first small modular reactor in the Western world. Key components like the reactor pressure vessel are being manufactured, and site construction is progressing according to plan. The U.S. Nuclear Regulatory Commission has accepted and is reviewing Tennessee Valley Authority’s (TVA) application to construct the first BWRX-300 in the U.S. at the utility’s Clinch River site in Oak Ridge, Tennessee. These developments, and others, support GVH’s progress and leadership in scaling and deploying SMRs commercially to customers around the globe.

###

About GE Vernova Hitachi Nuclear Energy
GE Vernova’s Nuclear energy business, through its global alliance with Hitachi, is a world-leading provider of nuclear fuel bundles, services, and advanced nuclear reactor designs. Technologies include boiling water reactors and small modular reactors, such as the BWRX-300, which is one of the simplest, yet most innovative boiling water reactor designs. GE Vernova’s Nuclear fuel business, Global Nuclear Fuel (GNF), is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE Vernova-led joint venture with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan. HITACHI is a trademark of Hitachi, Ltd. used under trademark license. GE is a trademark of General Electric Company used under trademark license.

About Orlen Synthos Green Energy
ORLEN Synthos Green Energy (OSGE) was established by ORLEN S.A. and SGE. The company plays a leading role in the deployment of modular nuclear reactors in Poland, aiming to contribute to the effective decarbonisation of the power generation, heating and industrial sectors. OSGE’s mission is to build a fleet of BWRX-300 reactors designed by GE Vernova Hitachi Nuclear Energy, which will become an important part of the country’s energy mix, providing households and industry with stable zero-carbon electricity. OSGE’s project in Poland is part of a broader European fleet deployment led by SGE. For more information, visit X (Twitter) platform @ORLEN_Synthos and LinkedIn.

About SGE
SGE is a European SMR development platform founded in 2018 and based in Warsaw Poland. The company is a co-investor in the standard design for the world’s most commercially advanced SMR technology: the BWRX-300, designed by GE Vernova Hitachi Nuclear Energy. The combination of this proven technology with a disruptive business model has allowed SGE to become Europe’s leading developer of SMR projects. Currently, SGE is establishing partnerships and projects in more than a half-dozen European countries. Their flagship project is in Poland, where, in cooperation with global energy leader ORLEN, they have begun development at three separate sites and are on schedule to complete the first unit by 2032.

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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.

© 2026 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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Nuclear Power

Global Nuclear Fuel’s GENUSA awarded fuel supply contract by Vattenfall for Forsmark Plant in Sweden

4 min read

WILMINGTON, North Carolina (February 19, 2026) – Global Nuclear Fuel (GNF, a GE Vernova-led alliance with Hitachi, Ltd. and affiliate of GE Vernova Hitachi Nuclear Energy (GVH)) and ENUSA today announced the awarding of a contract to provide fuel reloads for Vattenfall’s Forsmark Nuclear Power Plant in Sweden.

The new fuel supply contract was awarded to GENUSA, which is jointly owned by GNF and ENUSA, and runs from 2028 and includes several reloads of GNF2, a high-performance fuel assembly designed to offer increased power and lower operating costs.

“With a long history supporting the nuclear industry in the Nordics, ENUSA has manufactured more than 3,500 assemblies of GNF-designed fuel for Forsmark since 1993 and we look forward to supporting Vattenfall with our efficient and reliable fuel,” said Craig Ranson, Installed Base CEO, GE Vernova Hitachi Nuclear Energy and CEO of GNF.

The GNF2 fuel for the Forsmark site will be fabricated in Spain at ENUSA’s Nuclear Fuel Manufacturing Plant in Juzbado, utilizing GNF-supplied components.

"We are honored by Vattenfall’s decision to extend this collaboration that started more than 30 years and that will strengthen our relationship,” said Mariano Moreno, President and CEO of ENUSA. “The Juzbado facility has already supplied more than 12,600 assemblies of BWR fuel to customers throughout Europe and this new contract shows the trust in the GENUSA supply of products and engineering services.”

The fuel assemblies, whose components are designed by GNF, include proven Defender™ PLUS debris filters that are designed to significantly improve the chance of stopping feedwater debris from reaching fuel assemblies.

About Global Nuclear Fuel
GE Vernova’s Nuclear fuel business, Global Nuclear Fuel (GNF), is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE Vernova-led alliance with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan. GNF affiliate GE Vernova Hitachi Nuclear Energy (GVH) is a world-leading provider of nuclear reactor services and advanced nuclear reactor designs and operates primarily through GE Vernova Hitachi Nuclear Energy Americas, LLC, and GE Vernova Hitachi Energy International, LLC, both headquartered in Wilmington, NC. HITACHI is a trademark of Hitachi, Ltd. used under trademark license. GE is a trademark of General Electric Company used under trademark license.

About GENUSA
GNF ENUSA Nuclear Fuel S.A. (GENUSA) is a Spanish company based in Madrid, jointly owned by GNF and ENUSA to market and sell nuclear fuel and related services to the European boiling water reactor plants.

About ENUSA
ENUSA Industrias Avanzadas S.A. is a Spanish company supplying its customers the latest-generation of solutions in the nuclear fuel cycle including management and supply of enriched uranium, fuel manufacturing, related engineering and fuel services and irradiated fuel management

end

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.

© 2026 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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Investor Relations

GE Vernova declares second quarter 2026 dividend

3 min read

CAMBRIDGE, Mass. (February 17, 2026) – GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.50 per share quarterly dividend. The quarterly dividend will be payable on April 14, 2026, to shareholders of record as of March 17, 2026.

Future dividend declarations will be made at the discretion of the Board of Directors and will be based on GE Vernova’s earnings, financial condition, cash requirements, prospects, and other factors.

Additional Information

GE Vernova’s website at 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.

Additional Financial Information

Additional financial information can be found on the Company’s website at www.gevernova.com/investors under Reports and Filings.

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, such as statements about possible future dividend declarations and payments. Forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from current expectations. These risks, uncertainties, and factors include those discussed in our most recent Annual Report on Form 10-K and in our subsequently filed Quarterly Reports on Form 10-Q, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operation" sections included therein, as may be updated from time to time in our filings with the U.S. Securities and Exchange Commission and as posted on our website at www.gevernova.com/investors/fls. GE Vernova does not undertake any obligation to update or revise its forward-looking statements except as required by law or regulation.

end

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 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.

© 2026 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

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Gas Power

Lincoln Electric System expands Terry Bundy Plant with GE Vernova gas turbines

4 min read
  • Two LM6000VELOXunits expected to add approximately 100 MW of flexible capacity by 2029

  • Strengthening grid reliability through advanced aeroderivative technology

     

  • Project builds on GE Vernova’s longstanding collaboration with electric municipalities and cooperatives to help meet growing community demand

ATLANTA, GA – (February 16, 2026) – GE Vernova Inc. (NYSE: GEV) today announced that it has secured a contract with Lincoln Electric System (LES) to supply two LM6000VELOX* aeroderivative gas turbine packages for the Terry Bundy Generating Station (TBGS) in Lincoln, Nebraska. The new units are expected to expand the plant’s current output by approximately 100 megawatts (MW), helping to meet the region’s rapidly growing electricity demand driven by population growth and expanding residential and commercial needs.

Scheduled to become operational in 2029, the expanded generating station is expected to deliver up to approximately 100 MW at ISO conditions once the new turbines are online. The LM6000VELOX technology aims to enhance both efficiency and operational flexibility, strengthening the plant’s reliability while supporting LES’s long term generation strategy.

This project builds on a long and successful collaboration between GE Vernova and Lincoln Electric System, reinforcing a shared commitment to dependable, high performance and more sustainable energy solutions for the community. The expansion supports Nebraska’s evolving energy mix, where electricity generation has historically been heavily reliant on coal (approximately 43% in 2024), alongside a strong and growing presence of wind power (around 32%).

“We trust GE Vernova because of their proven aeroderivative solutions and deep expertise we have experienced over the last twenty years, starting with the first three aeroderivative units installed at the plant,” said Jason Fortik, LES vice president of Power Supply. “These turbines give us confidence that we can expand capacity while maintaining the efficiency and reliability our customers expect.”

The highly efficient LM6000VELOX aeroderivative gas turbine provides a quick start up time in ten minutes to full power and operational flexibility with a high cyclic life which helps to stabilize the grid and reduce the risk of power supply shortages.

“This project reflects the strength of our collaboration with Lincoln Electric System and our shared focus on serving the community,” said Dave Ross, CEO of GE Vernova's Gas Power business in the America’s pole. “We are proud to help meet the Lincoln –area's growing energy demand with efficient technology that can provide reliable power for homes and businesses.”

With more than 40 million operating hours and over 1,300 units shipped worldwide, LM6000 gas turbines have more operating experience than any other aeroderivative gas turbine greater than 40 MW. The units offer greater than 99% start and operational reliability and over 98% availability.

Notes to editors

For Financial editors: this order was booked in the fourth quarter of 2025.

end

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 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.

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. 

© 2026 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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Lincoln Electric System's Terry Bundy power station
Image credit: LES
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Michael Lapides

GE Vernova | Vice President of Investor Relations

+1 617 674 7568

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GE Vernova | Media Relations Leader, Power
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Investor Relations

GE Vernova Completes Prolec GE Acquisition and $2.6B Senior Notes Offering

GE Vernova Completes Prolec GE Acquisition and $2.6B Senior Notes Offering

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On Monday, February 2, 2026, we announced the completion of our acquisition of the remaining 50% stake of Prolec GE, our former unconsolidated joint venture with Xignux (“Prolec GE”).

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