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Nuclear Power

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

8 min read

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

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

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

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

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

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

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

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

###

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

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

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

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Forward-Looking Statements

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

© 2026 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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BWRX-300 Poland Generic Design Agreement signing
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Nuclear Power

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

4 min read

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

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

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

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

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

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

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

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

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

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Forward-Looking Statements

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

© 2026 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Investor Relations

GE Vernova declares second quarter 2026 dividend

3 min read

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

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

Additional Information

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

Additional Financial Information

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

Forward-Looking Statements

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

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About GE Vernova

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

© 2026 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Gas Power

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

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

  • Strengthening grid reliability through advanced aeroderivative technology

     

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

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

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

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

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

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

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

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

Notes to editors

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

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About GE Vernova

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

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

© 2026 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Investor Relations

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

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

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

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Onshore Wind

GE Vernova bolsters US onshore wind fleet with 1.1 GW of repower orders in 2025

4 min read
  • Projects directly support domestic manufacturing jobs at GE Vernova’s Pensacola, Florida facility

  • Repowering allows for the rapid deployment of additional capacity by utilizing existing sites to provide abundant, affordable, and secure energy to power the nation’s growth

  • Approach extends the lifespan of existing onshore wind turbines while significantly reducing O&M costs through the installation of modernized, high-capacity components

SCHENECTADY, NY (February 5, 2026) – GE Vernova’s Onshore Wind business announced today that it received orders in 2025 to repower 1.1 gigawatts (GW) of onshore wind turbines in the U.S. The projects will use nacelles and drive trains manufactured in the U.S. at GE Vernova’s Pensacola, Florida facility, where approximately 20 percent of the workers are veterans, supporting U.S. energy abundance, affordability, and security.

Uzair Memon, Chief Commercial Officer for GE Vernova’s Onshore Wind Services business, said, “These significant repower orders underscore the critical role our advanced technology plays in optimizing existing wind assets. By deploying our state-of-the-art repower solutions, we enable our customers to achieve increased energy production, significantly enhance asset reliability, reduce operational and maintenance costs, and extend the overall lifespan of their wind farms. This directly aligns with our commitment to making existing renewable infrastructure more productive and sustainable for the long term, while also bolstering U.S. manufacturing and job creation.”

All orders were booked in 2025. These repower projects are expected to reach their commercial operation date between 2026 and 2027. The technical benefits of repowering are clear: Repowering increases the size, output, and longevity of existing turbines to capture more reliable renewable energy for a longer period.

David Hardy, GE Vernova’s Chief Commercial Officer for Wind, added, “A repower project enables us to rejuvenate a wind farm to increase annual energy production, extend life, and improve project availability. These projects are rooted in deep, long-term customer partnerships, where we work closely together to provide solutions that maximize performance and long-term value.”

GE Vernova's Onshore Wind business has a total installed base of approximately 59,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers the next-generation high-powered turbines at scale that drive decarbonization through high-quality, more affordable, and sustainable renewable energy.

 

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About GE Vernova

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

GE Vernova’s 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.

© 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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1.1 GW of US repowering orders were shared in GE Vernova’s 4th Quarter 2025 Earnings press release on January 28. This press release does not report additional orders.
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Investor Relations

GE Vernova announces closing of $2.6 billion public offering of Senior Notes

4 min read

CAMBRIDGE, Mass. (February 4, 2026) – GE Vernova (NYSE: GEV) is pleased to announce the closing of its previously announced registered public offering of Senior Notes.

GE Vernova intends to use the net proceeds from the offering for general corporate purposes, including financing a portion of the acquisition of the remaining fifty percent stake of Prolec GE that closed on February 2, 2026.

The offering consists of the following tranches:

  • $600 million aggregate principal amount of 4.250% Senior Notes due 2031
  • $1 billion aggregate principal amount of 4.875% Senior Notes due 2036
  • $1 billion aggregate principal amount of 5.500% Senior Notes due 2056

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC acted as joint active bookrunners for the offering of the notes.

The offering was made pursuant to an effective shelf registration statement (including a prospectus and related prospectus supplement) filed by GE Vernova with the Securities and Exchange Commission (the “SEC”). The offering was made only by means of a prospectus supplement and accompanying prospectus. Copies may be obtained by contacting: Citigroup Global Markets Inc., email: prospectus@citi.com; J.P. Morgan Securities LLC, email: prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; or Morgan Stanley & Co. LLC, email: prospectus@morganstanley.com. Alternatively, investors may obtain these documents for free by visiting EDGAR on the SEC website at http://www.sec.gov/.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

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 the intended use of proceeds of the offering. 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 Operations" sections included therein, as may be updated from time to time in our filings with the SEC 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.

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About GE Vernova

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

© 2026 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova

Xcel Energy and GE Vernova announce strategic alliance agreement to advance the future of energy

2 min read
  • Reservation Agreement for five, GE Vernova F-class gas turbines

  • Capacity Reservation Agreement to utilize multiple gigawatts of GE Vernova wind turbines in future projects

  • Additionally, the companies are collaborating on several grid equipment opportunities that build on a critical order for grid systems, including synchronous condenser technology, in 2025.

MINNEAPOLIS (Feb. 3, 2026) — Xcel Energy (NASDAQ: XEL) and GE Vernova, (NYSE: GEV) today announced the signing of a landmark Strategic Alliance Agreement (SAA) aimed at strengthening their long-standing collaboration and advancing a shared vision for a reliable, affordable, and sustainable energy future.

 

GE Vernova

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About GE Vernova

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

© 2026 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova | Director, Corporate Communications
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Electrification

GE Vernova expands its Grid Automation portfolio with a new solution for modern grids

5 min read
  • Introduces GridBeats™ APS (Automation and Protection System) to help utilities modernize protection and operations without disrupting service

  • Reduces device footprints in substations by enabling multiple functions to run on a common platform

  • Supports grid resilience as networks expand and operating requirements become more demanding

San Diego, California (February 3, 2026) – GE Vernova Inc. (NYSE: GEV) today announced the launch of a new solution designed to simplify grid operations and protection as electricity networks expand globally and become more complex.

GridBeats™ APS (Automation and Protection System) is a new product within GE Vernova’s GridBeats™ portfolio of software-defined grid automation solutions. It is designed to help utilities modernize electrical substations, reduce device footprints, and keep power flowing reliably as power grid requirements evolve.

Modernizing substation design and operations
Designed to address the growing challenges of aging infrastructure, capacity expansion, operational complexity, and cybersecurity, GridBeats™ APS redefines traditional substation architectures. Acting as a single platform to support all protection and control applications within a substation, the solution uses GE Vernova’s patented hardware abstraction technology to significantly reduce the amount of hardware required along with the number of spare devices operators must maintain.

With GridBeats™ APS, operators can consolidate what once required hundreds of individual communication and cybersecurity packages into as few as ten—while maintaining the same level of protection and performance.

GridBeats™ APS enables grid operators to:

  • Streamline operations: GridBeats™ APS lets operators update cybersecurity and communications software without needing to revalidate or retest protection and control functions.
  • Adapt to changing demand: Run multiple protection and control applications on a single device, allowing devices to meet changing demands and extend their lifecycles.
  • Simplify control and maintenance: Standardize procurement, reduce learning curves, and streamline configuration.
  • Maintain continuous operation: Remotely update applications without taking devices offline, improving both resilience and reliability

“Electricity is becoming the backbone of modern economies, with demand rising across data, industry, transport, and buildings,” said Del Misenheimer, VP & CEO, Grid Automation & Software, Electrification Segment, GE Vernova. “As grids expand to meet that growth, automation is becoming essential to help operators manage complexity and maintain reliable operations at scale. At GE Vernova, our Electrification businesses bring together hardware, software, and services to support grid modernization. GridBeats™ APS reflects this integrated approach by helping simplify daily grid operations while keeping power available and systems secure.”

Why protection and control matter in grid modernization
Protection and control systems help keep the electricity grid running safely and reliably. Protection functions identify problems on the network and quickly isolate affected areas to prevent wider outages, while control functions guide how the grid operates moment to moment so power is delivered where it is needed. As electricity networks grow, add new energy sources, and serve more users, these systems are becoming increasingly important to support grid modernization and ensure power remains available, stable, and secure.

GE Vernova is showcasing GridBeats™ APS at DTECH 2026, taking place February 3–5 in San Diego, California, where attendees can learn how the solution supports modern grid operations and protection. GE Vernova is exhibiting at booth #3112. The product will be unveiled during a LinkedIn Live event, accessible here.

For more information on GridBeats™ APS, visit the website.

-ENDS-

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About GE Vernova

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

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

GE Vernova’s Electrification segment includes Grid Solutions, Power Conversion & Storage — collectively referred to as Electrification Systems — and digital technologies, referred to as Electrification Software. The solutions offered by this segment are essential for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption.

© 2026 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Michael Lapides

GE Vernova | Vice President of Investor Relations

+1 617 674 7568

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Anshul Madaan
GE Vernova | Media Relations, Electrification
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GE Vernova

GE Vernova completes Prolec GE acquisition, accelerating Electrification segment growth trajectory

6 min read
  • Milestone further positions GE Vernova as a global leader serving growing grid markets by expanding its presence and support in North America

  • Prolec GE and its affiliates will go to market as GE Vernova, operating within the Electrification segment

  • Transaction is immediately accretive and now reflected in GE Vernova’s latest 2026 financial guidance and outlook by 2028

CAMBRIDGE, Mass. (February 2, 2026) – GE Vernova Inc. (NYSE: GEV) today announced it has completed the acquisition of the remaining 50% stake of Prolec GE, its former unconsolidated joint venture with Xignux (“Prolec GE”). The transaction, originally announced in October 2025, closed following receipt of all required regulatory approvals, for a purchase price of $5.275 billion, funded as previously disclosed with an equal mix of cash and debt.

Prolec GE is an electric industry leader in North America, with approximately 10,000 employees across seven manufacturing sites in the Americas, including five in the U.S. It produces a wide variety of transformers and transformer components for the generation, transmission and distribution of electricity, complemented by its broad transformer services offering. This acquisition consolidates Prolec GE after 30 years of partnership as a joint venture.

“We’re excited to reach this important milestone with our first sizable acquisition as a standalone public company and welcome the Prolec GE team into GE Vernova,” said GE Vernova CEO Scott Strazik. “We are building on a decades-long partnership and combining the strengths of our two companies to offer customers a broader portfolio and operate at a higher capacity to fulfill expectations, especially in North America where grid demand is strong. As we continue to focus on our mission to electrify to thrive and decarbonize the world, this acquisition will play a critical role in driving our sustained growth in Electrification.”

Prolec GE will go to market as GE Vernova and operate within GE Vernova’s Electrification segment. The deal is immediately accretive before synergies and is expected to drive additional profitable growth for GE Vernova, which is now reflected in GE Vernova’s latest 2026 financial guidance and outlook by 2028.

“Our customers are asking for more capacity from the grid,” said GE Vernova Electrification CEO Philippe Piron. “With Prolec GE now fully part of GE Vernova, we are better equipped to respond to that demand and better serve our installed base, utilizing our combined manufacturing footprint for transformers and a strong pipeline of innovation to serve the electrification needs of the world. Our priority from day one is a smooth integration, where customers continue to receive the service and quality they expect, supported by the scale of the combined Prolec GE and GE Vernova teams.”

GE Vernova will retain the current leadership across Prolec GE, with Ricardo Suarez remaining in his role as Prolec GE CEO reporting to Philippe Piron.

“Joining GE Vernova as a fully integrated business is a natural next step in our journey after years of partnership,” said Prolec GE CEO Ricardo Suarez. “We are proud of our strong culture and the legacy we’ve built, and as part of the one GE Vernova family, we will adapt and embrace the GE Vernova Way while maintaining the local culture, heritage and identity that made us who we are today. I am excited for the opportunities our employees will have to learn and grow further as part of a global industry leader, the continued investment in our sites, and an even stronger capability to serve our customers across North America.”

Forward-Looking Statements
This press release contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain, such as statements about GE Vernova’s expected future business and financial performance and financial condition following the closing of the Prolec GE acquisition, the impact of such acquisition and the results it may generate or produce, and the timing of such impact and results, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “see,” “will,” “would,” or “estimate”. 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, as may be updated from time to time in our filings with the SEC 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.

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

Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.

GE Vernova currently employs approximately 20,000 people in the United States of America across all 50 states. With more than 129 years of experience in Mexico, GE Vernova today employs over 1,700 people across five sites, and its equipment provides 38 GW of electricity generating capacity—nearly 42% of the country’s total—through advanced technologies including eight HA gas turbines, the Laguna Verde nuclear plant, and one of the world’s largest fleets of F-class gas turbines.

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© 2026 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Michael Lapides

GE Vernova | Vice President of Investor Relations

+1 617 674 7568

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Treacy Reynolds
GE Vernova | Director, Corporate Communications