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Investor Relations

GE Vernova declares fourth quarter 2026 dividend

3 min read

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.

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.

© 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

NRC issues first U.S. construction permit for a BWRX-300 small modular reactor at Tennessee Valley Authority’s Clinch River site

5 min read
  • Decision advances BWRX-300 deployment in the U.S. and reinforces growing regulatory momentum across North America

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.

end

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.

© 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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Construction Permit Clinch River BWRX-300
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Nuclear Power

Blue Energy moves Texas gas-plus-nuclear project into NRC construction review, marking a major regulatory milestone

6 min read
  • Submission of the first part of the Construction Permit Application advances a second U.S. BWRX-300 project toward construction and builds momentum for fleet deployment

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.

###

About Blue Energy
Founded in 2023, Blue Energy is a vertically integrated deployment platform for financeable, turnkey nuclear power plants compatible with leading reactor technology. Our proprietary lower cost of capital solution and offsite pre-fabrication accelerates new nuclear deployment – making it predictable, faster and more affordable. We will deliver baseload power competitive with fossil fuels and renewables to meet unprecedented global demand. Blue Energy's world-class team has extensive experience in nuclear construction, licensing, engineering, and development. We stem from MIT's Nuclear Science & Engineering Department and are backed by VXI Capital, Engine Ventures, At One Ventures and Tamarack Global. Visit www.blueenergy.co or follow us on LinkedIn.

end

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.

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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Onshore Wind

GE Vernova to supply 29.4 MW of wind capacity for Eurus Energy’s Hiyamizutouge Project in Japan

6 min read
  • Order features 4.2MW workhorse turbines designed to deliver reliable performance in Japan’s unique wind conditions

  • Deal accelerates GE Vernova’s momentum in Japan’s expanding wind market

  • GE Vernova technology powers approximately 50% of the country’s installed heavy-duty gas turbine capacity and 25% of its onshore wind capacity.

  • Workhorse strategy features standardized, industrialized machines engineered for repeatable execution and long-term reliability

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.

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.

GE Vernova’s Wind segment is focused on delivering a suite of wind products and services to help accelerate a new era of energy by harnessing the power of wind. Technologies provided to customers include the next generation high efficiency 3-megawatt onshore wind turbine and the Haliade-X offshore wind turbine platform, as well as maintenance solutions and life extension optionality.

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.

Notes to editor:

*The order was booked in the second quarter of 2026.

**GE Vernova’s 4.2MW turbine with a 117-meter rotor is referred to as the 4.2MW–117m.

© 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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Onshore Wind

GE Vernova signs agreement to supply turbines for ESB’s Chleansaid Wind Farm in Scotland

6 min read
  • Order marks the first use in the UK of GE Vernova’s Cypress turbine

  • Agreement to supply 16 onshore wind turbines totaling 96 MW builds on GE Vernova’s existing wind footprint and installed base

  • Project features GE Vernova’s 6MW workhorse platform with split-blade technology that enables transport of larger blades to remote locations, ensuring maximum efficiency and energy capture

  • Workhorse strategy features standardized, industrialized machines engineered for repeatable execution and long-term reliability. 

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.

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.

GE Vernova’s Wind segment is focused on delivering a suite of wind products and services to help accelerate a new era of energy by harnessing the power of wind. Technologies provided to customers include the next generation high efficiency 3-megawatt onshore wind turbine and the Haliade-X offshore wind turbine platform, as well as maintenance solutions and life extension optionality.

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.

Note to Editors:
*The order was booked in the 3Q of 2026.
**GE Vernova’s 6.1 MW turbine with a 158-meter rotor is referred to as the 6.1 MW-158m and is also known as our Cypress turbine.

 

© 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

Studsvik, GE Vernova Hitachi and Samsung C&T commit to advancing 1.2 GW nuclear power project in Sweden

10 min read
  • Following a competitive evaluation process, Studsvik has selected GE Vernova Hitachi Nuclear Energy and Samsung C&T as its strategic collaborators for its first nuclear project in Sweden, planned for either at its existing licensed site in Nyköping or the Målma site in Valdemarsvik.

  • Together with GE Vernova’s Financial Services business and DS Investment Partners, the companies will advance an initial four-unit BWRX-300 project in Sweden with 1.2 GW of nuclear capacity. The first unit expected to enter operation in the mid-2030s.

NYKÖPING, Sweden (3 September 2026) - Studsvik AB (publ), GE Vernova Hitachi Nuclear Energy, GE Vernova’s Financial Services business, DS Investment Partners and Samsung C&T today announced an agreement to advance the ReFirm nuclear program at Studsvik’s sites in Sweden. The agreement is exclusive for a fixed period, which the parties may extend. 

ReFirm is Studsvik’s multi-site small modular reactor (SMR) and new nuclear program, added through its acquisition of Kärnfull Next (KNXT) earlier this year. KNXT has worked with GE Vernova Hitachi on BWRX-300 deployment in Sweden since 2022 and entered into a strategic teaming agreement with Samsung C&T in December 2024. Today's announcement advances plans for the Nyköping and Valdemarsvik sites, with an initial four-unit BWRX-300 project totaling approximately 1,200 MWe planned for one of the two locations.  

At Nyköping, Studsvik operates an existing licensed nuclear facility. At Valdemarsvik, an application was submitted in March 2026, the first made under Sweden’s new legislation requiring government approval for nuclear facilities. Which site hosts the first project will be decided during the development work. 

The phased, multi-unit structure is intended to support standardization across the program and creates opportunities to capture lessons learned from early deployment and apply them to subsequent units, helping improve cost, schedule and productivity outcomes. 

It will also help increase Swedish industrial participation throughout engineering, procurement, construction, and long-term operations. This reflects the broader objective of building a supply chain that can help support not only the first project, but also follow-on units and wider deployment opportunities in Sweden and Europe. 

The agreement marks the next phase of development and does not constitute a final investment decision or authorization to construct. The parties will begin joint development work immediately, including commercial, technical, regulatory and financing activities during the exclusivity period.  

Studsvik leads permitting, the environmental impact assessment, site rights, community engagement and the dialogue with the Swedish state. GE Vernova Hitachi leads reactor engineering, licensing support and cost estimation and acts as engineering authority, and, together with Samsung C&T, acts as the execution team, giving the project single-point responsibility for construction and execution. During the exclusivity period, DS Investment Partners, a South Korean investment firm, will lead the investment and GE Vernova’s Financial Services business will participate in an advisory and financial structuring capacity in support of the consortium. 

A project company will be established to support development, financing, construction, ownership and operation of the plants, with details to be finalized in definitive agreements. 

Sweden is expanding nuclear capacity under legislation in force since 2026 that permits reactors at sites beyond the three existing plants and requires government approval for each, supported by a state financing framework of loans and two-way contracts for difference. 

“Sweden’s electricity supply is a long-term play: existing nuclear capacity is ageing, and demand for baseload power is growing. To meet that, we have looked for long-term partners and for the conditions that let projects like this succeed. In GE Vernova Hitachi and Samsung C&T we have found them. We intend to build the first project either on an existing nuclear site or on greenfield. One plant is a project. Four is the start of an industry.” 

Karl Thedéen, President and Chief Executive Officer, Studsvik 

“Today’s announcement is about helping Sweden turn its energy ambitions into reality in a timeframe that matters for its communities and industries. The country has a strong foundation of nuclear expertise and operational excellence, and the BWRX-300 combines boiling water reactor technology with the lessons being learned every day at the Darlington New Nuclear Project in Canada. Together with a growing global pipeline of projects across North America and Europe, this experience gives Sweden access to a technology that is moving from first-of-a-kind deployment toward fleet-scale execution.” 

Jason Cooper, Chief Executive Officer, GE Vernova Hitachi Nuclear Energy 

“Samsung C&T is honored to partner with Studsvik, GE Vernova Hitachi and the other members of the development team to support Sweden’s next generation of nuclear energy. By combining proven technology, world-class EPC execution, operational excellence and financing capability, we are establishing a strong foundation for the successful development of the ReFirm program. We are equally committed to strengthening Sweden’s industrial capability, expanding local supply chains and building a long-term strategic partnership that creates lasting value for Studsvik and Sweden.” 

Oh Se-chul, President and Chief Executive Officer, Engineering & Construction Group, Samsung C&T

###

Notes to editors: Signing ceremony photograph names (left to right): Jason Cooper, Oh Se-chul, Karl Thedéen, Seung Su Kang, Leo Fortey

About Studsvik
Studsvik is an independent nuclear technology company active across the full nuclear lifecycle, from new build development to existing fleet services, operations support and decommissioning. Its reactor analysis software is used at more than half of the world’s commercial reactors, and its hot cell laboratories in Nyköping test fuel and materials for fission and fusion applications worldwide. Studsvik also provides radiation protection services and technology for treating radioactive waste, and handles and packages radioisotopes for healthcare and industry. ReFirm is Studsvik’s platform for new nuclear development in Sweden. Founded in 1947 as the center of Sweden’s national nuclear program, Studsvik today serves operators, fuel vendors, technology developers and regulators in more than 20 countries, has approximately 540 employees in six countries, and is listed on Nasdaq Stockholm (SVIK). 

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

end

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.

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 CEO Scott Strazik to speak at 14th annual Morgan Stanley Laguna conference

2 min read

CAMBRIDGE, Mass. (September 1, 2026) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer and President Scott Strazik will present at the 14th Annual Morgan Stanley Laguna Conference on Wednesday, September 16, 2026, at 7:45 AM PDT. 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.

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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.

© 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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Leadership

GE Vernova Announces Chief Financial Officer Transition

4 min read

CAMBRIDGE, Mass., (August 27, 2026) – GE Vernova (NYSE: GEV) today announced that Claire McDonough will join the company as Chief Financial Officer (CFO). Claire will join in November 2026 before transitioning fully into the CFO position on January 1, 2027.

The appointment of Claire concludes an extensive process to identify the right CFO for the next stage of the company’s profitable growth after Ken Parks shared his desire to retire in 2027. 

“I want to thank Ken for his impactful leadership as the first CFO for GE Vernova,” said GE Vernova CEO Scott Strazik. “He successfully leveraged his prior three public company CFO roles to build a strong foundation of financial processes while continually exhibiting a deep understanding of our business and strong ability to translate complex topics into clear and compelling messages.” Ken will continue as GE Vernova’s CFO through 2026 inclusive of the third and fourth quarter earnings calls and the publishing of the 2026 10-K and will then transition into a Strategic Advisor role in the first quarter of 2027 and retire in April of 2027. 

Claire currently serves as CFO of Rivian, a position she has held since 2021. During her tenure, she guided Rivian through its initial public offering (IPO) and has managed multiple complex, multi-billion-dollar initiatives—including Rivian’s joint venture with Volkswagen Group. She is responsible for the Company’s financial activities including financial planning & analysis, accounting, treasury, tax, and investor relations. She is also lead for Rivian’s corporate and business development, strategy, vehicle maintenance and repairs, facilities, and charging network.

“I’m incredibly excited to welcome Claire as our incoming CFO,” Strazik continued. “She brings a sophisticated blend of capital markets expertise and hands-on operational leadership. Claire is a highly disciplined, detail-oriented leader who thrives in complex, mission-driven environments. I am confident she’s the right leader for GE Vernova as we continue to grow profitably as a company and advance the future of energy.” 

Before joining Rivian in January 2021, Claire served as a Managing Director in Investment Banking and co-head of the Disruptive Commerce Group at J.P. Morgan. Prior to this, she held various financial leadership roles at Fairway Market and Credit Suisse. She has also served on the Board of Directors of AutoZone since 2025. She graduated with a Bachelor of Arts from Duke University where she was a two-sport varsity athlete. She earned her Master of Business Administration at the University of Chicago’s Booth School of Business. 

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.

© 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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Power

Blue Energy, GE Vernova Hitachi Sign Agreement to Launch Next Phase of Texas Gas-Plus-Nuclear Project

6 min read

CHEVY CHASE, Maryland and WILMINGTON, North Carolina (August 13, 2026) – Blue Energy, a vertically integrated deployment platform for financeable, prefabricated nuclear power plants and GE Vernova Hitachi Nuclear Energy (GVH), today announced the signing of an agreement that launches the next phase of their collaboration to deploy a 2.5 GW gas-plus-nuclear power plant in Texas. 

This agreement advances engineering design, licensing, and safety analysis of the Victoria, Texas, project that will deploy both GE Vernova 7HA.02 gas turbines and GVH BWRX-300 SMRs, subject to a final investment decision in 2027. The agreement represents a significant step forward for Blue Energy’s strategic pairing of natural gas and nuclear generation to help meet surging U.S. electricity demand driven by artificial intelligence and advanced manufacturing. 

Blue Energy’s integrated approach to prefabrication, transportation, and assembly – the “Blue Way” – builds on the standardized, modular design of the BWRX-300 to support execution certainty by enhancing schedule, costs and project delivery predictability through innovative logistics, off-site fabrication and super modules assembly. 

“This agreement with GE Vernova Hitachi keeps Blue Energy confidently moving forward to build our nuclear energy production line that will unlock the promise of abundant nuclear energy,” said Jake Jurewicz, Blue Energy CEO and co-founder. “We are shifting from the old way of building large reactor nuclear power to instead do it the ‘Blue Way’ that slashes costs and time to power and finally makes nuclear a financeable, repeatable product.”

With its innovative gas-plus-nuclear strategy, Blue Energy will initially power a nearby data center with approximately 1 gigawatt of power using two GE Vernova gas turbines in 2030 and then add another 1.5 gigawatts of power from up to five GE Vernova Hitachi SMRs beginning in 2032. 

“Meeting the surging demand for electricity requires proven, scalable technologies and the ability to bring them together as integrated solutions,” said Eric Gray, CEO, GE Vernova’s Power segment. “Our work with Blue Energy combines GE Vernova’s flagship HA gas turbine technology with GE Vernova Hitachi’s advanced nuclear SMR technology, while supporting Blue Energy’s innovative project model. Together, we are establishing a blueprint for deploying reliable baseload power at the scale and speed customers need.”

The first BWRX-300 is currently 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 grid-scale SMR in the Western world. 

For more information, including a video of Jake Jurewicz and Jason Cooper, CEO, GE Vernova Hitachi Nuclear Energy, click here. 

###

About GE Vernova Hitachi Nuclear Energy

GE Vernova’s Nuclear energy business, through its global alliance with Hitachi Ltd., is a world-leading provider of nuclear 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 Blue Energy

Founded in 2023, Blue Energy is a vertically integrated deployment platform for financeable, turnkey nuclear power plants compatible with leading reactor technology. Our proprietary lower cost of capital solution and offsite pre-fabrication accelerates new nuclear deployment – making it predictable, faster and more affordable. We will deliver baseload power competitive with fossil fuels and renewables to meet unprecedented global demand. Blue Energy's world-class team has extensive experience in nuclear construction, licensing, engineering, and development. We stem from MIT's Nuclear Science & Engineering Department and are backed by VXI Capital, Engine Ventures, At One Ventures and Tamarack Global. Visit www.blueenergy.co or follow us on 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 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

© 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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Onshore Wind

GE Vernova expands wind footprint in India with 163.4 MW order for Enfinity Global’s Fatehgarh Wind Farm

5 min read
  • High-efficiency 3.8 MW-154m turbines will support the national 500 GW renewable energy goal

  • Strategic partnership leverages AI-powered digital blade certification for maximum uptime in India’s unique wind conditions

  • Deal solidifies GE Vernova’s momentum in India’s onshore wind market, adding to 5 GW of local installed capacity

New Delhi, India (August 4, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement* with Enfinity Global to supply 43 of its 3.8 MW–154m** onshore wind turbines for their Fatehgarh Wind Farm in Rajasthan, India. Deliveries for the project are expected to begin in the fourth quarter of 2026. 

The deal includes turbine supply and installation and demonstrates the commitment of both companies to contribute to India's ambitious plans to build more renewable energy. With a 4 GW renewable portfolio in India and approximately 300 MW already in operation, Enfinity Global is delivering renewable energy at scale across one of the world's fastest-growing markets, helping meet rising electricity demand through a diversified portfolio that includes solar, wind and energy storage solutions. 

Deepak Maloo, General Manager of GE Vernova’s Onshore Wind business in India, said: “We are grateful for the chance to work with Enfinity Global to help meet India’s ambitious wind power goals. The 3.8 MW–154m turbine being used is designed to deliver efficiency, reliability, and strong performance for India’s wind conditions. With ALMM certification and local manufacturing in Pune, we are well positioned to support Enfinity Global and other customers working to develop projects that will enable India to achieve its 500 GW renewable energy ambition.”

Commenting on this partnership, Sandip Agarwal, CEO India at Enfinity Global said, “This partnership with GE Vernova is built on shared values and a common commitment to accelerating India's energy transition. By combining world-class technology, innovation, and expertise with deep local market knowledge, the partnership brings together two leading global energy companies with an unwavering commitment to quality, health and safety, and strong governance.”

Turbines for the project will be manufactured at GE Vernova’s Pune facility, which serves as a cornerstone of the company’s 'Make in India' strategy with an annual capacity of up to 1,500 MW. As India accelerates toward its ambitious target of 100 GW of wind capacity by 2030, GE Vernova will leverage its local footprint—including its Bengaluru Technology Center and Vadodara blade plant—to deliver the sustainable and affordable energy solutions required to power India’s economic growth.

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.

GE Vernova’s Wind segment is focused on delivering a suite of wind products and services to help accelerate a new era of energy by harnessing the power of wind. Technologies provided to customers include the next generation high efficiency 3-megawatt onshore wind turbine and the Haliade-X offshore wind turbine platform, as well as maintenance solutions and life extension optionality.

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.

Notes to editor:

*The order was booked in the second quarter of 2026.

**GE Vernova’s 3.8 MW turbine with a 154-meter rotor is referred to as the 3.8 MW–154m.

© 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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