Today, we released our second quarter 2026 financial results. We delivered strong performance in the quarter, with significant orders and backlog growth, margin expansion, and cash generation. Given our strong first half results and continued momentum, we are increasing our 2026 financial guidance for revenue and free cash flow*. We maintain our adjusted EBITDA margin* rate of 12%-14% which implies increased adjusted EBITDA* based on higher revenue guidance.

CAMBRIDGE, Mass., (July 22, 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 second quarter ending June 30, 2026.

“We delivered strong financial results in the second quarter as global demand for our products and solutions continues to grow. With a backlog of $176 billion, continued revenue growth and margin expansion, and significant free cash flow generation, GE Vernova’s momentum is building, and we are raising our 2026 financial guidance,” said GE Vernova CEO Scott Strazik. “We now expect to have at least 125 GW of gas equipment under contract by year-end 2026. To meet this demand, we remain on track to deliver 20 GW of annual gas turbine output in the third quarter of 2026, with 24 GW in 2028, and we are implementing actions to produce 30 GW in 2030. We are also seeing continued demand growth in Electrification, with data center orders reaching over $5 billion year-to-date, more than double our 2025 total. I am proud of how our team is executing with discipline, and I am confident there is substantial value creation ahead.”

"We had a strong first half of 2026 as we executed our financial strategy. Our backlog continued to expand driven by equipment growth at Power and Electrification, with healthy margins from favorable price and disciplined underwriting, and services growth at Power,” said GE Vernova CFO Ken Parks. “Given our significant free cash flow generation, we ended the quarter with a cash balance of $13.1 billion, up $4.3 billion in the year, even as we returned more capital to shareholders so far this year than in the full year of 2025 through our share repurchase actions and quarterly dividend payment. Based on our strong financial performance, we have increased our full year expectations for revenue 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; and our credit ratings.

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. 

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 June 30, 2026, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" 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 https://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: https://www.gevernova.com/investors under Reports and Filings.

Conference Call and Webcast Information
GE Vernova will discuss its results during its 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.

HONOLULU, (July 20, 2026) – GE Vernova Inc. (NYSE: GEV) today announced it has secured a contract with Hawaiian Electric (HECO), the electric public utility in Hawaii, to supply six LM6000VELOX* aeroderivative package units to repower the aging oil-fired steam turbines at its Waiau Power Plant facility in Pearl City, O’ahu. The project is currently on schedule for the first two units to be in commercial operation in 2029, with subsequent units coming online in phases.

These smaller and more efficient aeroderivative turbine units will replace assets ranging from 58 to 67 years old that are currently slated for retirement. Upon completion, this project is expected to add over 250 megawatts (MW) of firm power to the grid, helping ensure reliable service when variable renewable resources like wind and solar are unavailable. 

“The project will repower the facility with proven, fuel-flexible and modern technology,” said Mike DeCaprio, Hawaiian Electric Vice President of Power Supply. “This represents the most significant modernization of the O‘ahu generation infrastructure in decades and it will strengthen the reliability and resilience of our system while supporting the integration of more renewable resources like solar and energy storage.” 

To achieve this, Hawaiian Electric selected GE Vernova’s LM6000VELOX aeroderivative solutions to provide the precise operational flexibility required for the modern Hawaiian grid.

"We are proud to support HECO in their mission to provide fast, reliable, and more sustainable power to the people of Hawaii. Because Hawaii’s energy grid is isolated and cannot rely on continental interconnections for emergency support, the need for rapid-response capability is paramount,” said Dave Ross, CEO of GE Vernova's Gas Power business in the America’s pole. “By deploying our aeroderivative units, HECO gains the benefit of efficient and modular power assets that can transition from a cold start to full load in under 10 minutes. This jet engine-derived technology is uniquely suited to balance the variable nature of renewable energy, helping to ensure grid stability when it is needed most."

GE Vernova’s aeroderivative packages can operate on a variety of liquid fuels, including biofuels produced locally, and can be converted to run on liquefied natural gas if it becomes available. The project will utilize the current land footprint of Waiau Power Plant and reuse much of the existing infrastructure, which reduces cost and community impact. 

NISKAYUNA, NY, July 16, 2026 – GE Vernova Inc. (NYSE: GEV) today hosted the grand opening of its expanded Advanced Research Center Frontier Campus in Niskayuna, New York, marking an important milestone in the company’s long-term strategy to advance energy innovation and develop technologies that support a more reliable, affordable, and secure energy future.

The expanded campus is part of a broader investment of more than $110 million by GE Vernova and the State of New York and is expected to create 75 new research positions. GE Vernova has invested nearly $100 million in the new center, with additional support including $9.635 million in tax credits from the State of New York through Empire State Development (ESD) and an additional $6M in funding from the Focused Attraction of Shovel-Ready Tracts New York (FAST NY) program that contributes to site improvements along River Rd. in Niskayuna. The facility adds new lab, testing, and collaboration space designed to help accelerate breakthrough technologies, deepen collaboration with customers and partners, and strengthen the Capital Region’s role as a hub for energy innovation.

“Meeting the world's growing demand for electricity will require breakthrough innovation at an unprecedented pace, and that is the fundamental goal of this best-in-class facility” said Scott Strazik, Chief Executive Officer of GE Vernova. “These investments and new jobs reinforce our commitment to serving as an industry leader by bringing together exceptional talent, cutting-edge research, and close collaboration with customers to build the technologies powering the future.”

The Frontier Campus is designed to give customers, researchers, government stakeholders, and collaborators a closer look at how advanced research can move from concept to practical application. During the grand opening, guests toured six featured technology stops that reflect the breadth of GE Vernova’s research efforts and their relevance to real-world energy and industrial needs.

Those technologies included Direct Air Capture, where guests saw a research unit designed to capture carbon dioxide directly from the atmosphere using a sorbent-based process; AirJoule, a joint-venture created technology that captures water vapor from air and converts it into high-purity distilled water for potential industrial, cooling, and drinking water applications; and a wing-to-wing data center power simulation, an interactive simulation and testing platform designed to help utilities and technology providers manage rapidly growing data center power demand while supporting grid reliability.

"GE Vernova has been a long-standing partner in New York's efforts to build a stronger, more affordable and more reliable energy future," Governor Hochul said. "Their continued investment in the Capital Region is helping drive innovation, create good jobs and advance the technology we need to power our state and our economy for the long term."

Additional tour stops featured Robotics and AI-based Inspection, where robotic assistants and AI-enabled systems demonstrate new ways to improve safety, maintenance, quality, and productivity; materials science for advanced manufacturing, highlighting inspection and discovery tools that can improve the efficiency, durability, and performance of next-generation energy technologies; and advanced power conversion technologies including solid-state transformers and the requisite next generation controls and advanced cooling technologies, enabling a power electronics-based technology that can offer greater flexibility, resilience, and control for future grid networks.

Together, these displays were designed to show that the work happening at GE Vernova’s Advanced Research Center; focused on practical technologies that can help address rising electricity demand, strengthen infrastructure, improve industrial productivity, support decarbonization, and enable a more resilient energy system.

“The Frontier Campus gives our teams the space, tools, and collaborative environment they need to translate advanced research into practical technologies,” said Dave Vernooy, Vice President of GE Vernova’s Advanced Research Center. “What is happening here is about more than science alone. It is about building solutions that can help address some of the most important energy and industrial challenges ahead.”

The grand opening included remarks from GE Vernova leadership and government representatives, a ribbon-cutting ceremony, and guided tours of the new facility and featured technologies.

GE Vernova is making substantial long-term investments in growth and innovation across its businesses, including approximately $11 billion in combined capital expenditures and research and development from 2025 through 2028 to support manufacturing capacity, grid solutions, and next-generation technologies.

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 100+ countries around the world.

GE Vernova’s Advanced Research segment is an innovation powerhouse, operating at the intersection of science and creativity to turn cutting edge research into impactful realities. Advanced Research collaborates with GE Vernova’s businesses across a broad range of technical disciplines to accelerate the energy transition.

BERLIN, Germany, (16 July 2026): GE Vernova Inc. (NYSE: GEV) today announced it has been awarded two contracts by Stromnetz Berlin GmbH for the design, delivery and installation of two new high-voltage electrical substations in Wittenau and Neukölln. These grid nodes form part of Berlin’s high-voltage electricity network, helping supply power to several local substations that serve homes, businesses and public infrastructure across the city.

These 110 kV gas -insulated substations use GE Vernova’s SF₆-free g³ technology, an alternative to SF₆, which is a potent greenhouse gas widely used in high-voltage electrical equipment to provide insulation and help prevent electrical arcs. GE Vernova’s g³ technology provides the performance and compact footprint utilities need, while reducing the global warming potential of the insulating medium by about 99% compared with SF₆. 

“Europe’s electrical grids need proven technologies that support reliability, sustainability and speed of deployment,” said Frank Ennenbach, Central Europe Regional Leader for GE Vernova’s Grid Systems Integration business line. “The use of g³ technology in these projects reinforces the role of practical, scalable SF₆-free solutions in modern grid infrastructure, especially in dense urban networks where space, timing and system reliability matter. As Europe invests in strengthening and expanding its power networks, utilities need a choice of high-voltage equipment technologies that reduce overall global warming potential while still meeting real-world infrastructure requirements. We are proud to support Stromnetz Berlin in this important project for Germany’s capital.”

“As the operator of one of Europe’s largest urban gas-insulated switchgear networks, Stromnetz Berlin has an important role in supporting reliable electricity supply for the capital,” said Elena Brauns, responsible for resources and environment at Stromnetz Berlin GmbH. “With the Wittenau and Neukölln grid nodes, we are investing in infrastructure that supports Berlin’s security of supply and climate goals. GE Vernova’s SF₆-free g³ technology supports our objective to modernize the grid while reducing the environmental footprint of essential high-voltage equipment.”

As electricity demand grows and cities electrify transport, heating, buildings and industry, grid infrastructure is becoming increasingly important to economic growth and quality of life. Compact, reliable and lower-carbon high-voltage substations are especially important in dense urban environments, where space is limited and network performance is critical.

GE Vernova’s g³ technology is part of our GRiDEA^TM portfolio; solutions designed to help decarbonize power transmission. The portfolio includes SF₆-free high-voltage equipment, as well as solutions focused on reducing raw material use, extending equipment lifespan and improving grid efficiency.

GE Vernova has operated in Germany for more than a century and is a critical partner in the country’s journey toward net-zero emissions by 2045. Today, approximately 30% of Germany’s electricity is generated using GE Vernova technology. The company supports Germany’s energy transition through major power generation projects, electrification and grid reliability solutions, large-scale transmission infrastructure, and wind energy manufacturing from its Salzbergen facility.

The Wittenau project execution period is expected to extend from June 2026 to March 2031. The Neukölln project execution period is expected to extend from June 2026 to January 2032.The contract was booked in April 2026. Financial details were not disclosed.

CAMBRIDGE, Mass. (July 7, 2026) – GE Vernova Inc. (NYSE: GEV) is scheduled to release its second quarter 2026 financial results on Wednesday, July 22, 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.

HANOI, Vietnam - June 23, 2026 – GE Vernova Inc. (NYSE: GEV) today announced it has secured an order for two 9HA.02 gas turbines and two H78 generators for Vietnam Electricity’s (EVN) Quang Trach II LNG Power Plant in Vietnam. The new combined-cycle power plant is expected to generate more than 1.6 gigawatts (GW) of electricity, with commercial operations expected by 2030, helping support Vietnam’s growing demand for more flexible, efficient, and reliable power generation.

Representative of Power Project Management Board No. 2 (EVNPMB2) said: “EVN/ EVNPMB2 values its long-standing relationship with GE Vernova and our shared commitment to supporting Vietnam’s evolving energy needs “As we advance major power infrastructure projects and modernize the electricity system, we believe GE Vernova brings proven technology, strong execution capabilities, and deep experience in Vietnam. GE Vernova’s participation in the Quang Trach II project also builds on our broader collaboration, including the Memorandum of Understanding signed in March 2026 to explore potential opportunities in High Voltage Direct Current technology to help strengthen grid reliability and support greater integration of renewable energy.”

The Quang Trach II LNG Power Plant is being developed by EVN, with an EPC consortium consisting of Power Construction Corporation of China and LILAMA Corporation Located in the Hon La Economic Zone, Quang Tri Province, Vietnam, the Quang Trach II LNG Power Plant is expected to play an important role in supporting the country’s rising power demand while enhancing overall system flexibility and reliability. The plant is expected to use imported liquefied natural gas (LNG), which will be re-gasified and used to fuel the gas turbines in a combined-cycle configuration to generate electricity more efficiently.

This announcement comes as GE Vernova’s HA gas turbine fleet recently surpassed 4 million commercial operating hours worldwide, marking an important milestone for one of the power industry’s most advanced and efficient gas turbine technologies. With nearly 130 HA units in operation across 21 countries, the fleet continues to support energy security, affordability, grid reliability, and reliability around the world.

“We are honored to support EVN on the Quang Trach II LNG Power Plant and to build on our long-standing relationship in Vietnam,” said Ramesh Singaram, GE Vernova’s President & CEO for Gas Power business in Asia Pacific. “As our HA fleet surpasses 4 million commercial operating hours worldwide, this order reflects the confidence customers continue to place in this technology to deliver efficient, flexible, and reliable power. For Vietnam, projects like Quang Trach II can play an important role in meeting rising electricity demand, supporting grid stability, and advancing the country’s transition to a more diversified energy mix.”

GE Vernova’s 9HA.02 gas turbines are among the company’s most advanced and efficient gas turbine technologies and are engineered to help provide flexible and dispatchable generation that can complement the increasing share of renewable energy in the grid.

GE Vernova has a long history in Vietnam dating back to 1993 and has worked with EVN since the utility’s establishment in 1995. Today, GE Vernova technologies help support Vietnam’s power system through equipment and services deployed across the country, including a gas power installed base of approximately 2.2 GW. GE Vernova also has nearly 1,100 employees across nine locations in Vietnam, as well as local capabilities including its Phu My repair facility and Dung Quat HRSG manufacturing plant.

END

Earlier this week, GE Vernova released its 2025 Sustainability Report. We encourage you to review the materials on GE Vernova’s dedicated Sustainability website.

Key highlights from 2025 Sustainability Report:

Cambridge, MA (June 17, 2026) – GE Vernova Inc. (NYSE: GEV) today released its 2025 Sustainability Report, demonstrating continued progress toward its mission to electrify the world to thrive and decarbonize, with an emphasis on moving bold and innovative breakthrough technologies from concepts to reality.  

The company’s annual sustainability reporting highlights milestones for bringing new global power generation online the world needs to expand energy access, including in developing and emerging economies, while doing so at a lower carbon intensity than the global grid average. The annual summary also noted additional investments around the world in workforce training for the energy sector’s next generation of leaders and continued reductions to the company’s Scope 1 and 2 emissions. 

“At its core, our work is not only about electrons and emissions,” said Scott Strazik, GE Vernova CEO. “Energy is about people, and we’re working to electrify the planet in a way that enables individuals, communities, and economies to thrive, every day.” 

“The story of GE Vernova is one of an unrelenting focus on delivering the technologies the world needs not just today, but importantly for the decades ahead,” said Roger Martella, Chief Corporate Officer and Chief Sustainability Officer. “I have never been more optimistic about our ability to help meet not only the needs of today, but of the generations that follow.” 

The new Sustainability Report showcases the company's comprehensive sustainability strategy based on a refreshed sustainability framework which is underpinned by 5 Charges, the bold ambitions driving how the company delivers impact to achieve its sustainability goals. Progress on these goals is driven by the four strategic pillars of the sustainability framework: Electrify, Decarbonize, Conserve, and Thrive. 

2025 Progress includes:  

ELECTRIFY: Catalyze access to more secure, sustainable, reliable, and affordable electricity, and help drive global economic development 

• In 2025, GE Vernova brought 26 GW of new generating capacity online, the approximate equivalent of the installed generating capacity of the U.S. state of Louisiana, with 47% deployed in developing and emerging economies.  
• Across grid infrastructure, 68 GW of new power transformers were energized, equivalent to the approximate installed generating capacity of Egypt, with 33% in developing and emerging economies.  
• Approximately 10,700 students and learners have been reached through the GE Vernova Foundation’s workforce development programs since the beginning of 2024, with an overall goal to reach 30,000 learners by 2030.  

DECARBONIZE: Invent, deploy, and service the technology to help decarbonize our world 

• New power generating capacity of our equipment brought online is ~31% below the global average carbon intensity of the existing grid, demonstrating that electrification with our equipment has an impact on reducing the carbon intensity of the grid. 
• 22 million metric tons of CO₂ avoided last year by deploying technologies with lower carbon emissions than the current standard for the relevant grid. This is the equivalent to 5.1 million gasoline-powered passenger vehicles driven in one year. This is a relevant data point for how we deploy technologies with favorable emissions profiles as compared to what may otherwise be deployed. 
• We document 2025 step change progress on our breakthrough technologies, including small modular nuclear reactors, carbon capture and storage, direct air capture, and ammonia and hydrogen as fuels.  

Breakthrough technologies moving from concept to reality: 

As part of the company’s focus on innovating for the future, the 2025 Sustainability Report highlights step change progress on breakthrough technologies: 

• Small Modular Reactors (SMRs): In April 2025, GE Vernova Hitachi received the first license issued to construct an SMR in Canada. Construction on the GE Vernova Hitachi (GVH) BWRX-300 at Ontario Power Generation’s (OPG) Darlington site in Clarington, Ontario started in May 2025. The project will deliver the first operating commercial SMR in the Western world. 
• Carbon Capture & Storage (CCS): Construction began on the Net Zero Teesside (NZT) Power station in the United Kingdom in 2025 – once completed, it is expected to be the world's first commercial-scale gas power plant equipped with carbon capture and storage. The facility is expected to generate over 740 MW of lower-carbon power. 
• Direct Air Capture (DAC): The company’s 10-ton-per-year DAC pilot system at its Advanced Research Center in Niskayuna, New York is now operational, capturing CO₂ directly from ambient air across a wide range of operating conditions. Our DAC system will soon be deployed at Deep Sky Alpha in Alberta, Canada, becoming the world’s first cross-technology CO₂ removal hub. 
• Ammonia and Hydrogen Fuel Capabilities: GE Vernova and IHI completed a new Large-scale Combustion Test (LCT) facility engineered to test advanced ammonia combustion systems at GE Vernova’s F-class gas turbine operating conditions. Also, GE Vernova successfully completed the validation test campaign of a hydrogen Dry Low Nox (DLN) combustor for B- and E-class gas turbines, demonstrating robust operations on natural gas and hydrogen blends and on 100% hydrogen with dry emissions below 25 ppm NOx. 

CONSERVE: Innovate more, while using less, safeguarding natural resources 

• In 2025, GE Vernova reduced its Scope 1 and 2 (market based) greenhouse gas emissions footprint by 27% year-over-year across our operations, with a 64% reduction since 2019. 
• GE Vernova’s Circularity Brochure details the company’s Circularity efforts, highlights include: 53% of GE Vernova's top products are now covered by its 4R circularity framework (Rethink, Reduce, Reuse, Recycle), with 76% of products covered by Life Cycle Assessments or Environmental Product Declarations. 

THRIVE: Advance safe, responsible, and fair working conditions in our operations and across our value chain 

• GE Vernova’s 2025 Human Rights Statement provides detailed information on the company’s efforts to enhance due diligence processes, risk assessments, and other actions taken in 2025 across the human rights program.  
• GE Vernova’s new Code of Conduct marks a significant milestone for the evolution of the ethics and compliance program, shifting from a rules-based framework to a values-based foundation.  
• The GE Vernova Foundation helped support thriving people and communities by distributing $12.8 million in total GE Vernova family giving, and $800,000 in disaster relief and recovery aid to communities affected by global disasters in 2025. 
• The company achieved recognition for its inclusion efforts, earning "Best Company: Culture" and "Best Company: Work-Life Balance" honors from Comparably.

Empowering AI For Customers, Company and Communities 

As AI transforms how the world works, GE Vernova is using the power of automation and Artificial Intelligence to transform energy into solutions. The company is working to drive greater efficiency, higher quality, and innovation that can improve outcomes for our customers, company, and communities. 

The report details how GE Vernova is scaling AI infrastructure for customers, pursuing AI as a key area of growth and innovation within the company, and establishing key partnerships with organizations in our communities to explore and evaluate potential solutions that aim to use AI for sustainability-related use cases. 

Electrification Impact Tracker 

Released alongside the 2025 Sustainability Report today is GE Vernova’s newly launched Electrification Impact Tracker, available on GE Vernova’s sustainability website. By visualizing the gigawatts of new power generating capacity added and technologies deployed to power homes in various regions, the Impact Tracker illustrates our company's global impact electrifying the planet and supporting people and communities so everyone can thrive.  

A New Way of Solving Energy Access 

In April 2025, GE Vernova hosted the first-of-its kind Mendoza Collective Action Summit. Over three days in Mendoza, Argentina, 15 global leaders from across the public, private, and academic sectors came together to confront a shared challenge: how to accelerate access to affordable, reliable, and sustainable energy for all. 

What emerged was a shared sense of urgency that we need new ways of working together, which led to the development of a set of shared foundational values to guide this work, known as the Mendoza Principles. The report outlines the principles and actions that the energy industry must take to meet rapidly growing energy demand while delivering sustainable development for the benefit of our communities. Read the Mendoza Report here. 

“2025 marks the transformative moment where GE Vernova’s story became squarely focused on serving the future. The world’s growing needs are changing, and we need to change to be ahead of it,” Martella said. 

GE Vernova is a signatory of, and participant in, the UN Global Compact (UNGC). The United Nations Sustainable Development Goals (UN SDGs) provide 17 objectives to help address the most pressing global challenges. Our sustainability efforts align with ten of the 17 SDGs. 

The full 2025 Sustainability Report is available at https://www.gevernova.com/sustainability/reports-data.

New Delhi, India (June 4, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement with Powerica Limited to supply 28 of its 3.8 MW–154m* onshore wind turbines for the Botad Wind Farm in Gujarat, India. The 100 MW project marks the debut of GE Vernova’s 3.8 MW workhorse turbine in the Indian market, a key milestone in the company’s strategy to expand its onshore wind portfolio in one of the world’s fastest‑growing renewable energy markets.

The deal includes turbine supply and installation and further strengthens a partnership that has now delivered four wind farm projects together. Powerica secured the project’s Power Purchase Agreement (PPA) through a competitive auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). Deliveries for the project are expected to begin in the fourth quarter of 2026.

GE Vernova also announced that it has been certified by India’s Ministry of New and Renewable Energy (MNRE) and included on the Approved List of Models and Manufacturers of Wind Turbines (ALMM)—a mandatory requirement for wind turbine OEMs participating in India’s wind market.

The project will be supplied from GE Vernova’s manufacturing facility in Pune, India. At full capacity, the site is expected to support up to 1,500 MW of annual production capacity, strengthening local manufacturing capabilities and reinforcing GE Vernova’s long‑term commitment to India’s wind industry.

India has set a target of 500 GW of non‑fossil energy capacity by 2030, including 100 GW from wind power. GE Vernova’s Wind business surpassed 5 GW of installed capacity in India in 2025, underscoring the company’s long‑standing role in supporting the country’s renewable energy growth.

Deepak Maloo, General Manager of GE Vernova’s Onshore Wind business in India, said: “We are thrilled to partner with Powerica once again as we launch our newest workhorse turbine in India. The 3.8 MW–154m turbine 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 our customers as India accelerates toward its 500 GW renewable energy ambition.”

Pradeep Gupta, Whole Time Director, Powerica Limited said: “We’re pleased to be partnering with GE Vernova for our fourth project in the state of Gujarat. The debut of GE Vernova’s 3.8 MW–154m workhorse turbine, optimized for reliability and scale in the Indian market, makes this collaboration especially significant. This 100 MW project will strengthen our IPP portfolio and further reinforce our commitment to delivering meaningful impact in the renewable energy sector.”

The 3.8 MW–154m turbine is designed to not only meet the specific needs of customers in India but enhance by offering industry leading features such as 30-year turbine life, advanced lightening protection and includes the first ever industry digital blade certificate on every blade produced. The 3.8 MW-154m also provides execution excellence with tabular steel tower and 650T crane install capabilities for faster and cost-effective execution. The 3.8 MW-154m has fleet leading service factors across major components delivering maximum uptime availability.

Like all GE Vernova wind turbines, the next‑generation units produced in India will use GE Vernova’s AI‑powered digital blade certification process, reinforcing the company’s commitment to quality and performance from design through operations.

GE Vernova’s presence in India spans more than 100 years. The company has a significant manufacturing and engineering footprint across the country, including a wind manufacturing facility in Pune, a Technology Center in Bengaluru, and a blade manufacturing facility in Vadodara, positioning GE Vernova to help deliver more sustainable, affordable, and reliable electricity across India.

GE Vernova’s Wind business has a global installed base of approximately 59,000 turbines representing nearly 120 GW of installed capacity worldwide. Its product portfolio includes next‑generation, high‑powered onshore wind turbines designed to scale renewable energy while supporting decarbonization goals.

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