Algiers, Algeria (July 17, 2024) – GE Vernova Inc. (NYSE: GEV) today announced that it has secured a major order from Sonelgaz through their joint venture, GE Algeria Turbines (GEAT), to enhance Algeria’s grid infrastructure. The order, which was booked in the second quarter of 2024, involves GE Vernova supplying GEAT with high voltage (HV) equipment, components, and grid automation solutions for 134 substations by 2028. GEAT will integrate this equipment at its Ain Yagout facility in Batna, Algeria for Sonelgaz projects.

The contract follows the agreement signed between Sonelgaz and GE Vernova earlier this year to diversify GEAT's core business towards manufacturing of high and extra-high voltage substations and marks a substantial step forward in the collaboration between GE Vernova, Sonelgaz, and GEAT. The supplied equipment is expected to play a pivotal role in integrating renewable energy sources and ensuring a reliable power supply for Algeria's growing population and economy.

Mourad Adjal, CEO of Sonelgaz Group said: “This order is the result of the expansion of existing capabilities between Sonelgaz and GE Vernova, through the recent amendment of their joint venture to enable the deployment of grid solutions in addition to the production of high and extra-high voltage substation equipment to implement Algeria’s electricity transmission network development plan. It also represents the culmination of Sonelgaz’s efforts to support the national integration program by producing high quality and advanced technology equipment for the first time in Algeria and Africa, ensuring the transfer of expertise in this field to Algeria.”

Philippe Piron, CEO of GE Vernova's Electrification Systems businesses, commented, "Securing this major order is a testament to our commitment to advancing Algeria's energy infrastructure. We are excited to deliver our advanced grid solutions that will enhance grid efficiency and support Algeria's energy transition. This order reinforces our dedication to fostering local talent and creating job opportunities in the region.”

GE Vernova spun-off from General Electric Company (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. In addition to the GEAT joint venture with Sonelgaz, the company has a strong legacy of contributions to the development of Algeria’s energy sector, providing power generation, transmission, and distribution solutions, as well as software applications, and employs over 300 people in the country.

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Notes to Editors:

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. These forward-looking statements address GE Vernova's expected future business and financial performance, 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 business operations, financial results and financial position and on the global supply chain and world economy.

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 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

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

About Sonelgaz Group

The Algerian Electricity and Gas Company (Sonelgaz) is an Algerian energy industrial group established in 1969. It is responsible for the production of electricity, and the transmission and distribution of electricity and gas across the entire Algerian territory. It includes 11 subsidiaries in its core businesses, industry, and services, as well as joint venture companies. Sonelgaz supplies the entire Algerian territory with electrical and gas energy, serving as a driver of economic and social development in Algeria. It currently serves nearly 12 million electricity customers and nearly 8 million gas customers. With a capacity of nearly 26,000 MW, Sonelgaz aims to expand internationally by developing interconnections with neighbouring countries and the southern shore of Europe. Moreover, Sonelgaz has been entrusted with the realization of the ambitious project to produce 15,000 MW of renewable energy by 2035. To achieve this, Sonelgaz has recently launched and awarded the execution of the first phase of this project, consisting of 3,200 MW. 

Bernard Dagher, who heads up growth and strategy for the Middle East and Africa (MEA) at GE Vernova’s Grid Solutions business, often reminds people why there are almost no landlines in Africa. As the story goes, cell phones arrived on the vast continent before it had strung up the thousands of miles of telephone wires needed for landlines.

DAMMAN, SAUDI ARABIA; (July 1, 2024) In the presence of His Royal Highness Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. (NYSE: GEV) today announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam in an official ceremony held at GESAT. As part of the event, GE Vernova also signed a Memorandum of Understanding (MoU) with the Saudi Export-Import Bank (EXIM) to enable the export of goods and services of GE Vernova from Saudi Arabia. The ceremony was graced by His Royal Highness Prince Abdulaziz bin Salman, Saudi Minister of Energy, Joseph Anis, President and CEO of GE Vernova’s Gas Power business in Europe, Middle East and Africa, and other esteemed guests to mark the occasion.

GESAT is a world-class gas turbine and component manufacturing facility and a JV between Dussur and GE Vernova. The first locally completed H-Class unit is set to power the Jafurah Cogeneration Independent Steam and Power Plant (ISPP), which once operational is anticipated to be the most efficient power plant in Saudi Arabia. By 2030, the entire Jafurah gas field is expected to produce up to 630,000 barrels of natural gas liquids and condensates, as well as over 420 million standard cubic feet (MMSCFD) of ethane per day.

The successful rollout of the locally completed gas turbine at GESAT is a significant milestone in the Kingdom’s energy sector and contributes to Saudi Arabia’s economic diversification and local skills development initiatives, in alignment with Saudi Vision 2030 goals. The rollout underscores GE Vernova’s commitment to bringing cutting-edge technology products to support both the Kingdom’s energy needs and its sustainability goals.

Hisham Al Bahkali, President of GE Vernova in Saudi Arabia, said: “We are incredibly proud of GESAT’s accomplishments in driving industrial localization within the Kingdom’s energy sector in support of Saudi Vision 2030. GESAT strengthens ‘Made in Saudi’ capabilities and, since 2018, has exported 200+ accessory modules for power plants generating more than 11 GW. GESAT is now further growing its ongoing success with the rollout of one of the most advanced gas turbines, completed in Saudi Arabia.”

Renowned for their high efficiency and performance, GE Vernova’s H-class gas turbines offer one of the most cost-effective conversions of natural gas to electricity in their class, and support flexible power generation needs across the Middle East.

Joseph Anis, President and CEO of GE Vernova’s Gas Power business in Europe, Middle East and Africa, said: “GE Vernova has close to 90 years of legacy in the Kingdom, reflecting our strong commitment to advancing the country’s goals for energy security, economic diversification, and talent development under Saudi Vision 2030. The rollout of the first HA unit completed at GESAT is a testament to our efforts in further deepening power sector capabilities in the Kingdom. The high efficiency and hydrogen readiness of our H-class turbines can support the country’s energy transition, as the turbines can rapidly ramp up or down to support grid stability as more intermittent renewables are integrated into the energy system.”

To further support the Kingdom’s economic diversification and export capabilities, GE Vernova also signed an MoU with Saudi EXIM that aims at enabling the export of goods and services of GE Vernova from Saudi Arabia through lending and insurance support from Saudi EXIM Bank. Since inception, GESAT has been set up to deliver technology products for export from the Kingdom, and this MoU aims to further enable export projects. The signing was done by H.E. Eng. Saad Alkhalb, CEO of Saudi Exim Bank, and Hisham Al Bahkali, President of GE Vernova for Saudi Arabia.

GE Vernova spun-off from GE (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines, GE Vernova's technology helps generate about 25% of the world's electricity and has a meaningful role to play in the energy transition.

ENDS

Notes to editors

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.

About GE Vernova

GE Vernova (NYSE: GEV) is 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 75,000 employees across 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 gas power plant technologies and services with the industry’s largest installed base of approximately 7,000 gas turbines.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Learn more: GE Vernova and LinkedIn.

BARCELONA, Spain (June 19, 2024) - As countries across Africa continue addressing their respective energy challenges, requiring diverse solutions for unique situations, GE Vernova Inc. (NYSE: GEV) remains committed to keep electrifying and decarbonizing the continent and will be a lead sponsor of the Africa Energy Forum taking place in Barcelona, Spain from June 25 - 28, under the theme Energy Systems of the Future – Balancing Africa’s Needs with Global Goals. The event brings together the continent’s key stakeholders, investors, and future leaders, covering vital areas such as project developments, technology innovations, and cross-sector opportunities and collaborations.

A recent report reveals that about 600 million people in Sub-Saharan Africa – up to 50% of the region’s population – do not have access to electricity. Moreover, power demand is forecasted to grow further by about 3% in 2024, emphasizing the need to balance energy transition aspirations with electricity availability. GE Vernova’s team of industry experts plan to exchange ideas on and share best practices to accelerate the path to more reliable, affordable, and sustainable energy for the continent at several sessions at the Africa Energy Forum, including: Tackling Grid Challenges to Improve Energy Systems; The African Gas Conundrum: Is it a Transitional Enabler or Not?; Investing in Senegal: A World Class Energy Partner; and Leveraging New Technologies to Lower Emissions and Promote Balance Across Energy.

Joseph Anis, President & CEO of Europe, Middle East & Africa for Gas Power at GE Vernova says: “Progress is indelibly linked to uninterrupted power supply in modern society. Investing in reliable and affordable electricity generation is as critical as advancing lower carbon power to support health, connectivity, safety, security, and improved quality of life. Accelerating Africa’s energy transition efforts will require cross-sector collaboration among the public, private, and not-for-profit sectors; the strategic deployment of multiple energy sources, including renewables and gas power; and investments in the grid together with software solutions. These steps can enable substantive reductions in emissions quickly and at scale, while advancing the technologies for low or near-zero carbon power generation and helping to meet the continent’s growing energy needs.”

GE Vernova spun-off from GE (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines globally, the company's technology base helps generate about 25% of the world's electricity and has a meaningful role to play in the energy transition. In Africa, GE Vernova-built technologies comprise up to 40% of installed power generation capacity. The company serves up to 260 customers across the continent and has a legacy of over 120 years of presence in Africa, supporting the development of critical infrastructure. It works across the electricity value chain on the continent, from generation through various power sources including wind, hydro, gas, and more, to providing transmission, distribution, and software solutions.

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About GE Vernova
GE Vernova (NYSE: GEV) is 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 75,000 employees across 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 mission is embedded in its name – it retains its legacy, “GEV,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

ANKARA, Turkey (May 28, 2024) - GE Vernova Inc. (NYSE: GEV) today announced it has signed a contract with Kalyon PV to supply its FLEXINVERTER^TM solar power station, as well as design and engineering services, to Kalyon PV in Viranşehir, Turkey. Inogen, GE Vernova’s regional solutions provider, will be in charge of the construction and installation of the solar power station.

GE Vernova’s solar power station is expected to power Kalyon Enerji’s 157 megawatt (MW) solar photovoltaics (PV) factory, making Kalyon Enerji one of the first companies in Turkey to produce solar panels using 100% renewable electricity when commissioned.

“We are proud to be a driving force behind Turkey’s transition to clean energy. By investing in solar panel manufacturing and providing these solar panels to large-scale solar power plants, we’re not only providing sustainable energy solutions, but also creating jobs and contributing to Turkey's energy independence,” said Dr. Murtaza Ata, Board Member of Kalyon PV.

"After having executed several Renewable Energy Resources Zones (YEKA) projects in Turkey, we are now focusing on industries that want to produce captive power at a utility scale for their self-consumption through PV projects, such as Kalyon PV’s solar power plant in Viranşehir, and renewable hybrid projects, including large scale storage. We offer a comprehensive financing to support our customers, which includes support from export credit agencies. This financing package enables us to provide competitive financing options to facilitate and scale up the adoption of renewable energy technologies in the energy sector," said Megi Gabriyel, Region Leader Solar & Storage Solutions, Middle East, Africa & Turkey at GE Vernova.

With 2.5 GWp/1.9 GWe of combined solar power capacity in Turkey, including commissioned and ongoing projects, GE Vernova’s FLEXINVERTER^TM technology is playing a pivotal role in the development of Turkey’s solar industry.

“Thanks to our strategic relationship with GE Vernova, we ensure seamless coordination of supply chain and field activities, addressing key challenges in project execution. Our professional teams, comprising more than one thousand employees, will provide continuous support, enabling swift intervention during both the installation and operation phases of the Viranşehir power plant,” said Ali Murat SOYDAN, Assoc. Prof. Dr., Chairman Inogen Group.

This collaboration builds upon an existing relationship, leveraging the success of Kalyon Enerji’s 1,347 MWp/1,000 MWe Karapinar solar power plant in the Konya Karapinar province, which deployed GE Vernova's FLEXINVERTER^TM solar technology. Commissioned in 2023, the Karapinar facility is Turkey’s largest single source of solar power to date. The project was part of the first Turkish solar YEKA GES tender launched in 2017 by the Turkish Ministry of Energy under the Renewable Energy Resources Zones (YEKA) program that streamlines the development of large-scale solar and wind farms.

Turkey's rapid expansion of its renewable energy sector, driven by a growing electricity demand and a commitment to reducing carbon emissions, positions solar power as a key driver of this growth. According to the International Energy Agency (IEA), Turkey aims to commission an impressive 10 GW of solar capacity between 2017 and 2027, with projections indicating a surge of approximately 500% to 52.9 GW by 2035. ¹

Additionally, GE Vernova is uniquely positioned to deploy its Battery Energy Storage Solution FLEXRESERVOIR^TM coupled with financing to support Turkey’s next phase of renewable energy projects with storage.

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Notes to Editors
GE Vernova’s Solar and Storage portfolio includes the FLEXINVERTER^TM, the FLEXRESERVOIR^TM and the FLEXIQ^TM technologies. The FLEXINVERTER^TM solar power station is an integrated containerized solution that combines a solar inverter, a medium voltage power transformer, and an optional MV Ring Main Unit, all integrated in a standard 20-feet ISO high cube container. FLEXRESERVOIRTM is a systems integrated battery energy storage and power electronics solution for multiple configurations and market applications. FLEXIQTM is a digital platform that provides design, operation, and fleet management solutions to enable grid compliance and maximize lifetime customer value. These solutions reduce capital and operation costs and enable more reliable plant performance.

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 more than 80,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

GE Vernova’s Solar & Storage Solutions business provides technologies in solar energy, battery energy storage, and power plant controls to drive dispatchable and reliable renewable energy solutions and to help with the transition to a cleaner energy future.

About Kalyon Enerji

“We produce clean energy for a self-sufficient world in energy. Guided by sustainability principles and development goals, we are working with dedication to continuous improvement and make impact investments.”

Kalyon Energy, emerged from Kalyon İnşaat, the locomotive company operating under the umbrella of Kalyon Holding, during the realization process of 1,350 MWp Karapınar YEKA GES-1 project and 1,000 MW YEKA RES-1 project of which the tenders were made in 2016 and the contracts signed in 2017 and reached to its current shareholding structure in 2022 after the acquisition of 50% of the shares by International Holding Company(IHC) from UAE.

By approaching the escalating energy demands of Türkiye and the world with a sustainability vision, taking into account both the country's targets and global needs, making our impact investments in clean energy, we play a prominent role in the fight against climate change.

Our top priority is to make energy accessible to everyone, including disadvantaged groups, by using clean and renewable energy sources. To this end, we focus our investments on solar and wind power plants. We also invest in energy storage facilities so that renewable energy can become widespread and a part of our daily lives.

In 2009, the United States Department of Energy was seeking a dose of radical thinking. Early that year, its newly created Advanced Research Projects Agency–Energy (ARPA-E) issued an open call for “the most revolutionary energy technologies.” If ARPA-E officials were expecting a steady trickle of ideas from business, academia, and research laboratories, they were wrong. They’d just opened the floodgates.

Dubai, UAE (May 6, 2024) – GE Vernova’s Gas Power business (NYSE: GEV) held the annual regional ‘Power Supplier Partnership Summit’ in Dubai, UAE, convening over 200 representatives from up to 135 organizations in person and virtually from across Europe, Middle East, Africa, and beyond.

The event featured insightful presentations and case studies, interactive discussions, and one-on-one meetings among senior representatives from GE Vernova and participating organizations. The themes covered revolved around safety, quality, power sector trends, challenges and opportunities, ideas on how to bridge gaps in the supply chain as various actors seek to decarbonize the region’s energy system while meeting growing demand, and more.

GE Vernova recognized select organizations with ‘Supplier Partnership Awards’ at the Summit for excellence in the areas of safety, quality, on-time delivery, competitiveness, and overall partnership. Awards were given to suppliers from various countries, including Algeria, Iraq, Libya and the UAE.

Joseph Anis, President and CEO of GE Vernova’s Gas Power business in Europe, Middle East & Africa (EMEA), said, “As organizations and governments look to accelerate the energy sector’s transition to net zero, we recognize that no one company or actor can deliver the world’s growing needs for more reliable, affordable, and sustainable power alone. Strengthening our vast network of diverse suppliers is a critical part of our strategy to maintain operational agility and help deliver the high quality solutions that our customers are looking for reliably and on time. By organizing events such as this annual summit, we contribute towards nurturing the regional supply chain and driving forward national industrialization and economic diversification goals to create greater shared value in the power sector.”

GE Vernova spun-off from GE (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines, GE Vernova's technology base helps generate about 30% of the world's electricity and has a meaningful role to play in the energy transition.

GE Vernova has a long history in the Middle East, with a presence here that spans back up to 90 years. The company has provided power generation, transmission, distribution, and digital solutions to support the development of the energy sector across the region. Its investments in the GCC include the GE Manufacturing and Technology Center campus in Saudi Arabia, the GE Kuwait Technology Center, and the Jebel Ali Service Center in the United Arab Emirates.

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NOTES TO EDITORS

Follow GE Vernova in Middle East & Africa on LinkedIn.

About GE Vernova
GE Vernova (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerators. 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 more than 80,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy.

ALGIERS, Algeria (April 27, 2024) – GE Vernova (NYSE: GEV) employees joined hands with customer teams to plant 150 trees at 10 power generation facilities across Algeria including Terga, Oumache, and Naama Combined Cycle Power Plants, among others. The activities were held in support of Earth Day. The tree planting was symbolic of not only team spirit and collaboration, but also the dedication of the participants to act as environmental custodians committed to protecting the planet for generations to come.

While Earth Day is observed on April 22, GE Vernova’s staff of more than 80,000 people extended the celebrations during April 20 – 27 not only in Algeria but also at scores of other sites around the world. The activities included community volunteer events such as park and beach clean-up drives, as well as daily acts of sustainability at home and the workplace, such as identifying and reducing wasteful energy use, decreasing consumption of single-use plastics, walking or cycling instead of driving, eating local produce, and much more. The initiatives demonstrate the significance GE Vernova places on environmental sustainability as it continues to lead the energy transition towards a lower-carbon future. The week’s activities also directly tied to GE Vernova’s ambitious target to reach carbon neutral operations for Scope 1 and 2 greenhouse gas emissions by 2030.

GE Vernova spun-off from GE (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines, GE Vernova's technology base helps generate about 30% of the world's electricity and has a meaningful role to play in the energy transition.

Joseph Anis, President and CEO of GE Vernova’s Gas Power business in Europe, Middle East & Africa (EMEA), said, “Celebrating Earth Day through a week of service to our planet and communities is an annual tradition at GE Vernova. This year’s activities in observance of Earth Day were particularly special for us as they were our first as an independent company. We were honored to collaborate with our customers across Algeria to undertake tree planting drives, helping to both raise awareness on environmental issues today, and leave a legacy for tomorrow.”

GE Vernova has a strong history of contributing to the development of Algeria’s energy sector by providing power generation, transmission, distribution, and digital solutions. It employs over 300 people in Algeria and its investments in the country include GE Algeria Turbines (GEAT) – a joint venture with Sonelgaz that has manufactured skids and turbine auxiliaries, as well as rolled out gas turbines, steam turbines, and control systems. Sonelgaz and GE Vernova recently also announced the planned expansion of existing capabilities at GEAT to develop grid solutions, further demonstrating a shared commitment to accelerate sustainable energy development, localize industrial capabilities, and support national economic growth goals.

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NOTES TO EDITORS

Follow GE Vernova in Middle East & Africa on LinkedIn.

About GE Vernova
GE Vernova (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerators. 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 more than 80,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy.

Riyadh, Saudi Arabia: March 27, 2024 – Today, GE Vernova announced it will provide its cutting-edge predictive analytics software to National Industrialization Company (TASNEE), a leading Saudi-based petrochemical industrial business. GE Vernova will integrate SmartSignal - a predictive analytics software designed to help prevent equipment downtime by detecting, diagnosing, forecasting, and preventing emerging failures in industrial companies - to its existing Asset Performance Management (APM) program used by TASNEE. This is a significant step forward in TASNEE’s commitment to leveraging innovative software technologies to enhance operational efficiency, reliability, and sustainability across its extensive industrial operations in Saudi Arabia.

GE Vernova's APM suite, which includes its Reliability application, is known for offering advanced capabilities in forecasting asset performance and predicting maintenance needs. TASNEE is the first petrochemical company in the Gulf region to integrate GE Vernova’s SmartSignal into its existing APM workflow. This software integration seeks to empower TASNEE to proactively manage its critical assets, optimize maintenance schedules, and minimize unplanned downtime. By expanding the use of GE Vernova's APM applications, TASNEE aims to drive operational excellence and maximize the lifespan of its assets, contributing to increased overall productivity while addressing sustainability in the petrochemical industry.

"We are thrilled to be part of TASNEE’s journey toward a more digitally resilient future," said Linda Rae, General Manager of GE Vernova’s Power Generation and Oil & Gas software business. "Our predictive analytics solutions are designed to empower organizations like TASNEE with the tools they need to make data-driven decisions, optimize asset performance, and ultimately achieve their business objectives. We look forward to supporting TASNEE in its digital transformative endeavour as one of the first in the industry to use this software.”

The strategic use of GE Vernova’s predictive analytics software exemplifies TASNEE’s commitment to innovation, sustainability, and operational excellence.

"Embracing digital transformation is imperative for our industry's evolution, and our collaboration with GE Vernova signifies a commitment to staying at the forefront of innovation," said Sultan Al Hazmi, Reliability Superintendent at TASNEE. "GE Vernova's predictive analytics software will play a pivotal role in our holistic APM strategy, providing us with actionable insights to enhance asset performance, reduce operational risks, and drive sustainable growth.”

GE Vernova's advanced analytics platform combines data-driven insights with machine learning (ML) algorithms, enabling TASNEE to move from traditional reactive maintenance practices to a more proactive and predictive approach. This transition aligns with TASNEE’s vision of operational excellence and underscores its dedication to delivering advanced products and services to its customers. The use of predictive analytics generates a composable APM solution to support the overall goals of the organization.

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Notes to Editors:

Learn more about GE Vernova’s APM Software

About TASNEE
Established in 1985, as the first Saudi private sector's fully owned joint stock industrial company, with the aim of advancing the economic diversification in Saudi Arabia. Today, as one of the largest industrial and petrochemical companies in Saudi Arabia and one of the largest investors in titanium value chain locally and globally, we are recognized for our wide experience, skills, efficiencies, state-of-the art technologies and innovative solutions that add value to our products and services worldwide. Achievement of our corporate Vision and Mission across these diverse companies will require practices that incorporate three core aspects of sustainability: environmental, health, safety and security, social responsibility and corporate governance.

Abidjan, Cote D’Ivoire: March 26, 2024 – Today, GE Vernova announced that Globeleq’s Azito Energie S.A. (“Azito”), the largest gas power plant in Cote D’Ivoire, will be the first power plant to debut and deploy its carbon emissions management software, CERius™, which is designed to help energy companies progress toward their net-zero goals using data precision and abatement planning capabilities. This announcement comes on the heels of more global regulations around emissions reporting, including the recent rules passed by the U.S. Securities and Exchange Commission (SEC), which seeks to require companies to report emissions for the first time.

CERius™ will use the power of artificial intelligence (AI) and machine learning (ML) to enable organizations to more accurately measure, manage, and operationalize certain insights needed to help companies track their carbon neutral emissions goals. CERius™ is engineered to automate more accurate greenhouse gas (GHG) data collection and suggest recommendations to operationalize carbon reduction efforts by offering scenario analysis, team collaboration, and standardized reporting based on GHG protocols.

“One of the most effective ways to drive emissions reduction in the energy sector is to pursue digital transformation,” said, Linda Rae, General Manager, Power Generation & Oil and Gas, Electrification Software, GE Vernova. “While many energy industrials have been reporting emissions for years, the process is labor intensive, slow to surface insights, and based upon generic formulas. The energy transition demands agility, speed, and accuracy of data collection – CERius™ offers the fidelity of reporting emissions down to a specific asset, which can unleash actionable insights to help improve scope 1, 2, and 3 data accuracy and reporting, in addition to measuring abatement planning strategies,” added Rae.

Azito is a trailblazer in the digital energy space in Africa, serving as an example to other energy producers on the benefits of using digital solutions. By deploying CERius™, Azito will be not just the first company in Africa, but in the world, to access this technology and be able to better manage their emissions data, compliance reporting, and strategic planning, further contributing to their net-zero goals. Implementing cross-functional standards and processes fueled by CERius™ will help position companies to address ever-evolving regulatory compliance. “As we see the rise of environmental reporting across the energy supply chain by regulators, stakeholders, and investors, software will be a game-changer for power utilities, if applied at speed and to scale,” added Rae.

With greater access to emissions data, Azito will be able to make more informed decisions on how to reduce their carbon emissions. Azito already uses GE Vernova’s award winning Asset Performance Management (APM)[1] software’s APM Reliability Plus module, which uses advanced algorithms, AI, and ML to help predict potential failures in the power plants several weeks/days before they occur. Hence, allowing proper planning with the goal to reduce downtime which automatically translates to more productive hours and higher revenues.

Gionata Visconti, Chief Operating Officer of Globeleq, said: “As a Group that has a mixed portfolio of power plants across Africa and is fully committed to the energy transition, it is vital that we are able to monitor and report our emissions from one of our key thermal plants in a timely and accurate manner. At the same time, we can use the information from CERius™ to reduce and abate our emissions. Critically, Azito is an essential part of Cote d’Ivoire’s energy infrastructure, and we will now be able to make important planning decisions with better and more insightful data.”

The Azito power plant generates electricity using natural gas from the country’s offshore gas fields. Located in the village of Azito in the district of Yopougon, approximately 6 km west of Abidjan, the facility uses combined cycle gas turbines that generate 713 MW of electricity. This equates to approximately 30% of the country’s base load generation.

[1] Oil & Gas Awards for “Cross Border Energy Transition and Digital Transformation

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Notes to Editors:

• Learn more about GE Vernova’s CERius™ Software
• Azito and GE Vernova recently received an award from Oil & Gas Awards for “Cross Border Energy Transition and Digital Transformation.

About Azito
Globeleq, which is owned 70% by British International Investment and 30% by Norfund, is the leading developer, owner and operator of electricity generation and energy transition projects in Africa. Since 2002, its experienced team of professionals have built a diverse portfolio of independent power plants, generating 1,794 MW in 17 locations across seven countries, with a further 485 MW in construction and more than 2,000 MW of power projects in development.