Today, GE Vernova shared two important updates, both of which we will discuss during our extended 3Q earnings call.

First, we released our third quarter 2026 financial results. We delivered strong performance in the quarter, with robust orders, continued backlog growth, margin expansion, and significant cash generation. Given our strong results and momentum, we are increasing our 2026 financial guidance for revenue, adjusted EBITDA margin*, and free cash flow*.

CAMBRIDGE, Mass., (October 28, 2026) – GE Vernova Inc. (NYSE: GEV), a unique industry leader enabling the world to electrify to thrive and decarbonize, today reported financial results for the third quarter ending September 30, 2026.

“We delivered strong financial results in the third quarter as demand for electricity infrastructure increases around the world. We now expect our backlog to exceed $200 billion in the fourth quarter, with improved margins, and to exit 2026 with at least 130 GW of gas equipment under contract. Given our performance and confidence in our trajectory, we are raising our 2026 financial guidance,” said GE Vernova CEO Scott Strazik. “We continue to innovate and develop new solutions for utility and data center customers to meet growing demand, including electrification technologies that support integration and resiliency. Our opportunity to create value is accelerating and I’m proud of how our team is executing with discipline and focus.”

"We delivered another strong quarter with robust orders and revenue growth, margin expansion, and significant free cash flow generation. Our backlog continues to expand driven by equipment growth at Power and Electrification, at improved margins from favorable price and disciplined underwriting, and services growth at Power,” said GE Vernova CFO Ken Parks. “We ended the quarter with a cash balance of approximately $17 billion, up $4 billion sequentially, increasing our confidence in making high-growth, accretive investments and returning cash to shareholders through our dividend and increased share repurchase program. Based on our strong financial performance, we are raising our guidance for 2026 revenue, adjusted EBITDA margin, and free cash flow.” 

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¹Defined as remaining performance obligation (RPO) 

*Non-GAAP Financial Measure

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws that are subject to risks and uncertainties. These statements may include words such as “believe”, “expect”, “guidance”, “outlook”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may,” and negatives or derivatives of these or similar expressions. These forward-looking statements may include, among others, statements about our future performance, anticipated growth, and expectations in our business; the energy transition; the demand for our products and services; our technologies and ability to innovate, anticipate, and address customer demands; our ability to increase production capacity, efficiencies, and quality; our underwriting and risk management; the estimated impact of tariffs; our product quality and costs; our cost management efforts; tax incentives; customer orders and commitments; project execution and timelines; our actual and planned investments, including in research and development, capital expenditures, joint ventures, and other collaborations with third parties; our ability to meet our sustainability goals and targets; levels of global infrastructure spending; government policies; our expected cash generation and management; our lean operating model; our capital allocation framework, including organic and inorganic investments, share repurchases, and dividends; our restructuring programs; disputes, litigation, arbitration, and governmental proceedings involving us; the sufficiency and expected uses of our cash, liquidity, and financing arrangements; our credit ratings; and our agreement to acquire Trench Group and the expected benefits and timing of closing.

Forward-looking statements reflect our current expectations, are based on judgments and assumptions, are inherently uncertain and are subject to risks, uncertainties, and other factors, which could cause our actual results, performance, or achievements to differ materially from current expectations. Some of the risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by forward-looking statements include the following:

• Quality issues or safety failures among our products, solutions, or services;
• Significant supply chain or logistics disruptions, including cost or availability of materials or components;
• Disruptions or capacity constraints at our manufacturing or operating facilities;
• Our ability to manage our costs and achieve anticipated cost savings;
• Our ability to execute and estimate long-term service obligations;
• Our ability to successfully compete;
• Our ability to innovate and successfully commercialize new technologies and manage our product cycles;
• Achieving expected benefits from strategic transactions, joint ventures, and other third-party collaborations;
• Issues with grid connectivity or our customers’ ability to sell generated electricity;
• Our ability to manage customer and counterparty relationships and contracts;
• Our ability to maintain our investment grade credit ratings;
• Our access to capital or credit markets or other financing on acceptable terms;
• Decarbonization and energy-transition dynamics; 
• Changes in energy, environmental, and tax laws and policies;
• Challenges of operating globally, including complex legal, regulatory, and compliance risks;
• Natural disasters, physical effects of climate change, pandemics, and other emergencies;
• Geopolitical events;
• Our ability to meet sustainability expectations, standards, and goals;
• International trade policies; 
• Our ability to obtain, maintain, and comply with approvals, licenses, and permits;
• Our ability to comply with laws and regulations and related compliance costs;
• Impacts from claims, litigation, regulatory proceedings, and enforcement actions; 
• Our ability to attract and retain highly qualified personnel and impacts from any labor disputes or actions; 
• Our ability to secure, deploy, and protect our intellectual property rights and defend against third-party claims;
• Foreign currency impacts;
• Our ability to realize the benefits from our separation from, and our obligations to, General Electric Company;
• Our capital allocation plans, including the timing and amount of any dividends, share repurchases, acquisitions, organic investments, and other priorities; 
• The price, availability, volatility, and trading volumes of our common stock;
• The amount and timing of our cash flows and earnings; 
• The impact of cybersecurity or data security incidents; and 
• Other changes in macroeconomic and market conditions and volatility. 

Our agreement to acquire Trench Group and our expectations for the transaction and Trench Group business are based on judgments and assumptions, and are subject to risks and uncertainties that could cause actual results to differ materially, including, among others: the performance and continued expansion of the Trench Group business; demand for GE Vernova's and Trench Group's products and services, the loss of, or reduced orders from, key customers; retention of key suppliers and employees; changes in tariffs, changes in currency exchange rates; difficulties in integrating Trench Group or realizing the expected benefits and synergies; the availability and terms of acquisition financing; transaction-related costs and litigation; delays in closing the acquisition, which could increase its cost or result in the acquisition not being completed; regulatory approvals for the acquisition not being obtained, or obtained subject to conditions or undertakings that could limit the combined business or reduce the anticipated benefits of the transaction; the outcome of required consultations with employee representatives; other closing conditions not being satisfied; and termination of the acquisition agreement.

These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements, and these and other factors are more fully discussed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, including in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," and “Forward-Looking Statements” sections included therein, as may be updated from time to time in our Securities and Exchange Commission filings and as posted on our website at www.gevernova.com/investors/fls. We do not undertake any obligation to update or revise our forward-looking statements except as may be required by law or regulation. This press release also includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

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.

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

Conference Call and Webcast Information 
GE Vernova will discuss its results and its agreement to acquire Trench Group during its extended investor conference call today starting at 7:30 AM Eastern Time. The conference call will be broadcast live via webcast, and the webcast and accompanying slide presentation containing financial information can be accessed by visiting the investor section of the website https://www.gevernova.com/investors. An archived version of the webcast will be available on the website after the call.

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

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

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

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

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

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

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

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

Standalone Trench Group Financials

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

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

*Non-GAAP financial measure

Non-GAAP Financial Measures

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

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

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

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

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

Media Contacts:

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

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

CAMBRIDGE, Mass. (October 13, 2026) – GE Vernova Inc. (NYSE: GEV) is scheduled to release its third quarter 2026 financial results on Wednesday, October 28, 2026, before market open. GE Vernova CEO Scott Strazik and CFO Ken Parks will discuss the company’s financial results in a webcast at 7:30 AM ET, which can be accessed at https://www.gevernova.com/investors/events.

The earnings press release and supplementary financial information, including reconciliations of non-GAAP financial measures, will also be posted at the same link on the GE Vernova Investor Relations website. A replay of the call will be made available as a direct download on GE Vernova’s website at www.gevernova.com/investors/events.

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.

CAMBRIDGE, Mass. (September 30, 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 November 24, 2026, to shareholders of record as of October 27, 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.

KNOXVILLE, TN (September 29, 2026) – GE Vernova Hitachi Nuclear Energy (GVH) today welcomed the U.S. Nuclear Regulatory Commission’s (NRC) issuance of a construction permit to the Tennessee Valley Authority (TVA) for a BWRX-300 small modular reactor at its Clinch River site in Oak Ridge, Tennessee.

The permit is the first issued in the United States for a BWRX-300 and represents a significant milestone for TVA, GVH and the U.S. nuclear industry as the country advances toward a new generation of nuclear power deployment.

“This is a milestone for TVA and GE Vernova Hitachi Nuclear Energy, and an important moment for new nuclear in the United States,” said Eric Gray, CEO of GE Vernova Power Segment.  “TVA has shown strong leadership in advancing new nuclear, a commitment bolstered by the collaborative efforts of the NRC and Department of Energy. Together, and in alignment with federal Executive Orders aimed at accelerating advanced reactors, we are grateful for this collaboration as we work to support the deployment of the first BWRX-300 in the country.”

The NRC’s decision follows an extensive review of TVA’s construction permit application and builds on significant engagement between TVA, the NRC and GVH. The process demonstrates how experience, early regulatory engagement and a mature reactor design can support a more efficient pathway for advanced nuclear projects.

The milestone also adds to growing regulatory progress for the BWRX-300 across North America. In April 2025, the Canadian Nuclear Safety Commission (CNSC) issued Ontario Power Generation (OPG) a License to Construct the first BWRX-300 at its Darlington New Nuclear Project site, where nuclear construction is now underway. In March 2026, OPG submitted its License to Operate application for the first unit, which is currently under review by the CNSC. In September 2026, Blue Energy submitted the first part of its construction permit application to the NRC for a BWRX-300 planned for its gas-plus-nuclear project in Texas.

Together, these projects are establishing a growing body of licensing experience that can be applied across future BWRX-300 deployments.

“Fleet deployment is essential to scaling nuclear energy in the United States,” said Jason Cooper, CEO of GE Vernova Hitachi Nuclear Energy. “A standard design, combined with a predictable and efficient regulatory environment, allows us to apply common technology, licensing experience, supply chain capabilities and lessons learned from one project to the next. Clinch River brings us another step closer to making that fleet model a reality.”

TVA submitted its construction permit application for Clinch River in April 2025. The project builds on TVA’s existing Early Site Permit for Clinch River and is located within the Oak Ridge nuclear ecosystem, near the U.S. Department of Energy’s Oak Ridge National Laboratory.

The BWRX-300 is a 300-MW small modular reactor designed to reduce construction complexity by using a simplified configuration and leveraging decades of boiling water reactor operating experience.

WILMINGTON, N.C. (September 16, 2026) – Blue Energy has submitted the first part of its construction permit application to the U.S. Nuclear Regulatory Commission (NRC) for the first BWRX-300 small modular reactor planned for its gas-plus-nuclear project at the Port of Victoria, Texas.

The submission represents another important step toward deployment of a fleet of BWRX-300 reactors in the United States. It follows the Tennessee Valley Authority’s construction permit application for a BWRX-300 at the Clinch River site in Tennessee, where the NRC review is approaching a decision.

“Blue Energy’s progress through the NRC process is another important step toward deploying the BWRX-300 in the United States,” said Jason Cooper, CEO, GE Vernova Hitachi Nuclear Energy. “This is what fleet deployment looks like: projects advancing on common technology, licensing work and supply chain capabilities, allowing us to apply lessons from one project to the next. With Blue Energy moving forward and the first U.S. BWRX-300 construction permit approaching a decision at Clinch River, we are seeing the foundations of a BWRX-300 fleet take shape in the United States.”

Blue Energy’s proposed project in Victoria, Texas, is expected to combine GE Vernova 7HA.02 gas turbines with BWRX-300 small modular reactors as part of the company’s gas-plus-nuclear development model. Blue Energy selected the BWRX-300 earlier this year and has been working with GVH to advance engineering and licensing activities for the project.

“This filing is an important step in turning our vision for repeatable, scalable, rapidly-built new nuclear into a real project,” said Jake Jurewicz, CEO and co-founder of Blue Energy. “Our team has moved from technology selection to the NRC construction permitting process in a matter of months, and we are proud of the progress we are making with GE Vernova. We believe combining Blue Energy’s approach to project development and construction with the BWRX-300 can create a faster, more repeatable path to deploying new nuclear power in the United States.”

Blue Energy is pursuing a phased approach to its construction permit application. The company expects to submit the remaining portion of the application in 2027 after they complete the NRC-mandated one calendar year of site-specific data collection.

GVH is supporting Blue Energy with technical information and engineering work related to the BWRX-300. The companies announced a project acceleration agreement in April 2026 to advance deployment of BWRX-300 small modular reactors and GE Vernova gas turbines at the Texas project.

The Blue Energy milestone comes as BWRX-300 deployment continues to advance in North America. Ontario Power Generation is constructing the first BWRX-300 at its Darlington New Nuclear Project in Ontario, Canada, while TVA is progressing licensing and development work for a BWRX-300 at Clinch River in Tennessee.

These projects are establishing the licensing, engineering, manufacturing and supply chain foundation needed to support repeat deployment of the BWRX-300 in the United States and internationally.

###

TOKYO, Japan (September 15, 2026) – GE Vernova (NYSE: GEV) announced today that its Onshore Wind business has signed an agreement* with Eurus Energy Holdings Corporation (Eurus Energy) to supply seven 4.2 MW-117m** wind turbines for the 29.4 MW Eurus Hiyamizutouge Wind Farm in Mutsu City and Higashidori Village, Aomori Prefecture, Japan. The deal includes a two-year service agreement with an option for a two-year extension.

The 4.2 MW-117m turbines are part of GE Vernova’s workhorse 4 MW platform, with over 2 million operating hours, this turbine has been specifically engineered to deliver high-output, reliable performance in Japan’s unique wind conditions. 

"We are pleased to partner once again with Eurus Energy to bring the Hiyamizutouge project to life," said Gilan Sabatier, Chief Commercial Officer of Onshore Wind, International Markets at GE Vernova. "Our 4 MW platform is well-suited to the Japanese landscape, offering the durability and efficiency required to maximize the country’s wind potential. GE Vernova technology currently powers 25% of Japan's installed wind capacity, and we remain dedicated to supporting the nation’s energy transition."

Masaru Akiyoshi, Representative Director and Executive Vice President, Eurus Energy said, “We are pleased to once again partner with GE Vernova on a renewable energy project in Japan. We are grateful to the people of Mutsu City and Higashidori Village, the administrative agencies, and all stakeholders for their support. We look forward to building this new wind farm in Aomori together and contributing to Japan’s renewable energy goals through our continued collaboration”.

This project contributes to Japan’s ambitious goal of generating 36–38% of its electricity from renewable sources by 2030. GE Vernova and Japan's Ministry of Economy, Trade and Industry (METI) launched a joint focus group on June 10, 2025, aimed at addressing challenges and opportunities and deepening collaboration in energy security and innovation.

This announcement follows a period of strong momentum for GE Vernova in Japan, where the company has secured 339 MW of orders in 2025 across a diverse customer base, including established utilities and emerging independent power producers. GE Vernova and its technologies contribute significantly to Japan’s overall electric capacity, accounting for around 50% of the country’s installed Heavy-Duty Gas Turbine power generation capacity and 25% of the country’s onshore wind capacity. 

GE Vernova's Wind segment’s portfolio reflects a deliberate workhorse strategy — standardized, industrialized machines engineered for repeatable execution and long-term reliability. With more than 59,000 turbines operating globally, its experience informs every product it designs, manufactures, and deploys.

Edinburgh, Scotland (September 3, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement* with ESB (Electricity Supply Board) to supply 16 units of its 6.1 MW-158m** onshore wind turbines for the 96 MW Chleansaid Wind Farm in the Scottish Highlands. The deal, which features a 20-year services agreement, uses turbines manufactured in Germany. With more than 1,800 turbines deployed across a wide range of applications and over 38 million operating hours, GE Vernova’s 6 MW products deliver versatility, dependability, and reliable lifetime performance. 

All the turbines at this project will use GE Vernova’s proven split-blade technology that allows logistically challenging projects to unlock the advantages of a larger rotor and greater energy production. This technology facilitates the transport of larger blades to challenging, remote locations, ensuring maximum efficiency and energy capture. 

This project reinforces the long-standing strategic relationship between GE Vernova and ESB, further supporting the UK’s goal of decarbonizing the power grid and expanding renewable capacity in Scotland. GE Vernova has also provided equipment for ESB through its Power and Electrification segments.

Gilan Sabatier, GE Vernova’s Chief Commercial Officer for Onshore Wind, international markets, said, "We are delighted to extend our support for ESB by supplying turbines for the Chleansaid Wind Farm. This will be the first use of our workhorse 6MW turbine in the UK, building on our existing UK footprint and installed base. By delivering our 6 MW workhorse platform with our proven split-blade technology, we are enabling ESB to maximize the production at this site."

Paul Lennon, Head of Renewables and Scottish Renewables Board Member, ESB, said, "Chleansaid marks a significant milestone for ESB as our first wholly developed onshore wind project in Scotland and is a significant step in delivering our renewable energy ambitions. Working with GE Vernova, we are proud to move the project into construction and support the transition to a secure energy future." 

GE Vernova's Wind segment’s onshore portfolio reflects a deliberate workhorse strategy — standardized, industrialized machines engineered for repeatable execution and long-term reliability. With more than 59,000 turbines operating globally, its experience informs every product it designs, manufactures, and deploys.