Nobody blinks when a decades-old office tower gets a facelift. New elevators, heating, and plumbing give the owner a high-performing, future-proof building at a fraction of the cost of building new — and eliminate much of the new construction red tape. Doing the same for another kind of skyscraper, an aging wind turbine, used to be far more rare. Owners could swap out aging parts for replacements, but they rarely changed the machine’s silhouette.

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

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

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

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

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

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

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

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

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

Building reliable power in the Amazon rainforest, one of the world’s most remote locations, takes more than just erecting towers and panels. Wind and solar don’t produce electricity 24/7, so grid operators are constantly juggling to maintain a steady, stable flow of energy. Overcoming those challenges is exactly what the new Azulão I thermal power plant in Brazil was built to do.

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

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

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

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

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

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

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

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

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

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SÂO PAULO, Brazil (September 14, 2026) - SPIC Brasil, operator of the São Simão Hydroelectric Power Plant (UHE), located on the border between Goiás and Minas Gerais, and GE Vernova Inc. (NYSE:GEV) today announced the successful completion of the modernization of Generating Unit (UG) 3. This is the third unit, out of a total of six, to undergo complete renovation. This milestone was achieved in 10.3 months, a shorter period than that recorded in the previous units and below the regulatory limit of 12 months established by the National System Operator (ONS) and the National Electric Energy Agency (Aneel).

The modernization of the 1,710 MW power plant, which supplies energy to approximately 6 million homes, is being carried out by a consortium led by GE Vernova and including Powerchina, responsible for supplying the hydromechanical, SDSC, and electrical and mechanical BOP systems. By integrating specialized engineering, proprietary technology, and a unified focus on operational excellence, the project helps ensure that the plant will operate with superior reliability for the next 30 years.

Technical execution and operational synergy
The project involved extremely complex logistical and engineering challenges. The dismantling phase alone, necessary to begin the modernization, took approximately three months. During the process, teams moved gigantic structures, handling parts weighing up to 410 tons, including the operation of a 12-meter-high railcar gate.

With the delivery of UG3, the schedule is progressing and the team is already preparing for the shutdown of UG1, which will be the fourth generating unit on the list to begin its modernization cycle.

“The lessons learned during the modernizations of previous generating units have allowed us to put continuous improvement into practice, which is one of our company’s core principles. Furthermore, we are capturing synergies with the plant expansion project, the future UG7. Everything is very well connected. Even with distinct teams dedicated to each project, we operate with similar processes, share resources, and maintain a high level of collaboration to help ensure the excellence and safety of both projects,” highlights Adriana Waltrick, CEO of SPIC Brasil.

GE Vernova manages the entire engineering, integration, installation, and commissioning process for the plant’s main systems, including turbines, generators, and auxiliary equipment.

“The São Simão Hydroelectric Plant is a fundamental asset for the country’s energy. Completing this challenging stage, well below the average industry timeframe, reinforces the technical capacity of our team. This successful collaboration with SPIC Brasil and our consortium partner, applying lessons learned and utilizing GE Vernova’s experience in modernization projects, demonstrates how the efficient refurbishment of existing plants is, today, one of the smartest and most competitive ways to help support national energy security and update the infrastructure of the electricity sector,” stated Cláudio Trejger, CEO of Hydro Power at GE Vernova in Latin America.

Project scope and strategic investment
The robust modernization program is driven by an investment exceeding R$ 1.2 billion distributed over ten years. The initiative aims to increase the efficiency, reliability, and safety of the São Simão Hydroelectric Plant, helping to support its operational excellence for another three decades.

The complete project for the six units is expected for completion in 2029 and is structured in seven major packages, ranging from the replacement of transformers and the refurbishment of overhead cranes to the complete transition of control systems – which will change from an analog architecture to a 100% digital one.

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About SPIC Brazil
SPIC Brasil invests in the generation of secure energy, focusing on renewables and respecting the communities where it operates, contributing to the energy transition and boosting the country’s energy potential. With 5.6 GW of assets in Brazil (considering the total installed capacity of each), it operates the São Simão Hydroelectric Plant, on the border between Minas Gerais and Goiás; the Millennium and Vale dos Ventos wind farms in Paraíba; and holds a 70% stake in the Marangatu (PI), Panati (CE), and Luiz Gonzaga (PE) Solar Complexes. In addition, the company is building the Paraíso Farol and Pedra de Amolar wind farm complexes in Touros (RN), and is a shareholder in the largest natural gas complex in Latin America, GNA (Gás Natural Açu), in São João da Barra (RJ). For more information, please consult the SPIC Brasil Annual Sustainability Report on the website. The company is part of the SPIC Group, present in 47 countries, with more than 130,000 employees, 292 GW of installed capacity and constant investment in renewables, being the largest generator of solar energy and the second largest generator of wind energy in the world.

Nuclear energy offers reliable, lower-carbon power, but building a traditional large reactor can mean massive capital costs and construction schedules that are too slow for meeting the growing demand for reliable, low-carbon power. How to overcome these obstacles was a problem that a team of engineers, led by Christer Dahlgren and Brian Hunt, were ruminating on 10 years ago at the company that is today known as GE Vernova Hitachi Nuclear Energy.

SILVES, Brasil — [19 de agosto de 2026] — A Eneva, maior operadora privada de gás natural do país, e a GE Vernova Inc. (NYSE: GEV) celebraram o início da operação comercial da usina termelétrica Azulão I, localizada em Silves, a aproximadamente 330 quilômetros de Manaus. Com compromisso de fornecimento de 295 MW ao Sistema Interligado Nacional (SIN), a nova usina contribuirá para aumentar a estabilidade, a confiabilidade e a segurança do suprimento elétrico no Brasil. Essa conquista marca a conclusão da primeira fase do Complexo Azulão, da Eneva, composto pelas usinas Azulão I e Azulão II.

No coração da usina Azulão I está a turbina a gás de alto desempenho 7HA.02 da GE Vernova, acoplada a um gerador H65. A expectativa é de que a avançada turbina forneça a capacidade de resposta rápida à demanda necessária para equilibrar a rede e apoiar o crescimento de energias renováveis não despacháveis, como a eólica e a solar, em todo o Brasil.

O sucesso do projeto se baseia no modelo pioneiro "Reservoir-to-Wire" (R2W) da Eneva, que aprimora a infraestrutura gerando eletricidade na fonte de produção de gás natural. Para integrar essa usina ao corredor de transmissão de alta tensão Tucuruí - Macapá -Manaus, um dos mais longos e desafiadores do mundo, com cerca de 1.850km de extensão, a Eneva e a GE Vernova implementaram uma solução de filtro de bloqueio de Ressonância Subsíncrona (SSR - Sub Synchronous Resonance) e um relé de estresse torsional. Esta solução foi projetada sob medida para ajudar a garantir que a usina opere com confiabilidade e em harmonia com o sistema de transmissão.

Além disso, utilizando sua ampla capacidade de atendimento local, o fornecimento da GE Vernova também contempla um contrato de serviço de 15 anos que visa ajudar a assegurar os mais altos níveis de confiabilidade e disponibilidade operacional.

"O início da operação comercial de Azulão I representa a materialização de um dos projetos mais relevantes da Eneva. Este empreendimento demonstra nossa capacidade de desenvolver e executar investimentos estruturantes em larga escala, mesmo em ambientes de elevada complexidade logística e operacional. O complexo Azulão reforça a consistência do nosso modelo de negócios integrado, a solidez da companhia e o nosso compromisso de contribuir para a segurança energética e o desenvolvimento econômico do Brasil”, afirma Rafael Coitinho, diretor de Engenharia, Construção e Montagem da Eneva.

De acordo com o Plano Decenal de Expansão de Energia (PDE 2035) do Brasil, elaborado pela Empresa de Pesquisa Energética (EPE), espera-se que as fontes renováveis representem mais de 85% da geração de eletricidade do país até 2035, impulsionadas principalmente pela expansão da geração eólica e solar. Dada a intermitência inerente a essas fontes, as turbinas a gás são críticas para o balanceamento do sistema, fornecendo a energia despachável necessária para estabilizar a rede e ajudar a atender à demanda.

“Azulão é a expressão máxima da força do nosso abrangente portfólio”, disse Marco Vera, VP de New Units para o negócio de Gas Power da GE Vernova na América Latina. “Ao integrar nossa avançada tecnologia a gás com soluções especializadas e de ponta para estabilização da rede e serviços de manutenção de longo prazo, comprovamos nossa capacidade de implantar energia de alta eficiência mesmo nos ambientes de transmissão mais complexos. Nossa habilidade de desenvolver essas soluções específicas de ponta a ponta reflete nosso profundo compromisso de atender às necessidades energéticas mais exigentes de nossos clientes e reforça nossa dedicação inabalável em apoiar o desenvolvimento econômico e a segurança energética de longo prazo do Brasil.”

A presença da GE Vernova no Brasil se estende por mais de 100 anos, sustentada por uma força de trabalho local de aproximadamente 5.000 funcionários, incluindo competências em serviços para atendimento local dedicado. O compromisso da empresa é reforçado por uma sólida base instalada, responsável pela geração de cerca de 40% da eletricidade total do Brasil.

Destaques do complexo a gás do Azulão

O complexo Azulão, composto pelas usinas Azulão I e II, é alimentado pela avançada tecnologia Classe H da GE Vernova, reconhecida por sua eficiência e capacidade de balanceamento de rede. Espera-se que o complexo forneça uma potência combinada de até 950 MW, capacidade equivalente à quantidade de energia necessária para atender aproximadamente quatro milhões de residências brasileiras, e a entrada em operação comercial da UTE Azulão II está prevista para julho de 2027.

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Declarações prospectivas:

Este documento contém declarações prospectivas – ou seja, declarações relacionadas a eventos futuros que, por sua natureza, abordam assuntos que são, em diferentes graus, incertos. Essas declarações prospectivas frequentemente abordam o desempenho comercial e financeiro futuro esperado da GE Vernova, bem como sua situação financeira, o desempenho esperado de seus produtos, o impacto de seus serviços e os resultados que eles podem gerar ou produzir, e frequentemente contêm palavras como “esperar”, “antecipar”, “pretender”, “planejar”, “acreditar”, “buscar”, “ver”, “irá”, “poderia”, “estimar”, “prever”, “almejar”, “preliminar” ou “faixa”. As declarações prospectivas, por sua natureza, abordam assuntos que são, em diferentes graus, incertos, como declarações sobre transações, investimentos ou projetos planejados e potenciais e seus resultados esperados, bem como os impactos das condições macroeconômicas e de mercado e da volatilidade nas operações comerciais, nos resultados financeiros e na posição financeira da Companhia, bem como na cadeia de suprimentos global e na economia mundial.

Sobre a GE Vernova:

A GE Vernova Inc. (NYSE: GEV) é uma empresa global de energia criada com um propósito específico e que inclui os segmento de Power, Electrification e Wind, que contamcom o apoio de seus negócios aceleradores. Com mais de 130 anos de experiência em enfrentar os desafios globais, a GE Vernova está em uma posição única para liderar a transição energética ao continuara eletrificar o mundo e, simultaneamente, trabalhar para descarbonizá-lo. A GE Vernova ajuda seus clientes a impulsionar economias e fornecer a eletricidade essencial para a saúde, segurança e melhoria da qualidade de vida. A GE Vernova está sediada em Cambridge, Massachusetts, EUA, e conta com aproximadamente 85.000 funcionários em cerca de 100 países ao redor do mundo. Guiada pelo propósito da empresa, "A Energia para Transformar o Mundo", a tecnologia da GE Vernova contribui para um futuro energético mais acessível, confiável, sustentável e seguro. Saiba mais: GE Vernova e LinkedIn . 

Sobre a Eneva:

A Eneva é a maior operadora privada de gás natural do Brasil, atuando na exploração, produção e geração de energia. Atualmente, a companhia administra 38 ativos em 4 bacias sedimentares, que conferem à Eneva 45,8 bcm em reservas de gás natural (2P), o maior volume em terra entre os operadores do país. A companhia possui 10 GW de capacidade de geração, com ativos, operações e projetos em desenvolvimento em dez estados do país. 

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

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

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

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

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

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

The first BWRX-300 is currently under construction at Ontario Power Generation’s Darlington site in Canada, with completion expected by the end of the decade, which will make it the first grid-scale SMR in the Western world. 

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

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About GE Vernova Hitachi Nuclear Energy

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

About Blue Energy

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

Forward-Looking Statements

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

As the global energy transition accelerates, maintaining the long-term stamina of critical infrastructure like wind turbines requires being able to spot hidden risks before they can become failures. Proactively protecting these systems means uninterrupted energy for neighborhoods, smarter and safer environments for inspectors, and lower operational costs.

VERESEGYHÁZ, Hungary – July 27, 2026 — GE Vernova Inc. (NYSE: GEV) is proud to mark the 25th anniversary of its Veresegyház facility this year, celebrating a quarter-century of excellence as the company’s largest Gas Power manufacturing base outside the United States. To honor this milestone, the company is announcing the modernization of the facility including an on-site solar park to bolster energy independence, new lean production lines and a commitment to workforce growth with plans to add more than 80 professionals over the coming years to support its increasing capacity.

The Veresegyház facility serves as a primary manufacturing and service hub for GE Vernova’s global Gas Power operations, specializing in the high-tech production and precision repair of critical gas turbine components. With advanced capabilities in robotic welding and specialized thermal coatings, the site functions as a vital center of excellence for both new equipment manufacturing and essential repair services.

Advancing sustainability through major solar park development. To support the long-term sustainability of these operations, the solar project is being conducted in phases as part of the company's transformation at the Veresegyház site. The first phase was successfully completed with the installation of a 2 MW solar car canopy, covering more than 500 parking spaces. In the current, second phase, a total of 14.5 MW of photovoltaic (PV) panels are being installed, alongside a 40 MWh battery storage system. This phase encompasses more than 21,000 PV panels covering over 15 hectares, with grid connection expected by this autumn.

Once fully operational, this integrated renewable energy system will allow almost 50% of the site’s current total annual electric energy consumption of 33 GWh to be covered by zero-emission, renewable energy. This significantly improves the plant's energy self-sufficiency and aligns with GE Vernova’s broader mission to reduce the carbon footprint of its global manufacturing operations. 

Modernizing operations with new lean production lines. This sustainability milestone coincides with a period of intense growth for the facility as it works to address the global electricity "investment supercycle". To meet surging demand, last year GE Vernova’s $24,5 million investment, supported by a planned significant contribution of the Hungarian Investment Promotion (HIPA), set the foundation for the site's ongoing modernization, which now includes the successful installation of new lean production lines and the commissioning of high-performance precision machinery. Additionally, five advanced coating booths equipped with vacuum furnaces are now operational to bolster repair and manufacturing output.

Strengthening commitment to workforce growth and talent. After successfully onboarding approximately 100 new team members last year, the facility is actively hiring up to 80 additional professionals — including machinists, welders, fitters, and assembly operators - to support this expanded capacity.

"Reaching our 25th anniversary while simultaneously developing our solar park is a powerful testament to our team's dedication," said Viktoria Fodor, GE Vernova’s Veresegyház Plant Manager. "We are not just expanding our capabilities, energy independence and talents; we are building a more sustainable and efficient future. By blending advanced manufacturing technology with renewable energy, we are ensuring that Veresegyház remains a core element of GE Vernova’s global gas power manufacturing operations for decades to come."

GE Vernova maintains a robust operational presence in Hungary, anchored by key strategic locations that support its global energy mission. The company’s footprint is centered around its major Gas Power manufacturing and service facility in Veresegyház, complemented by active operations in Százhalombatta. These industrial efforts are supported by a central office in Budapest, which serves as a hub for the Power, Electrification, and Wind businesses. This regional network is further strengthened by a significant organizational infrastructure, housing essential corporate functions including Finance, HR, and Digital Technology, alongside specialized teams dedicated to Global Services and Global Supply Chain operations.

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Notes to editors
Financial editors: The mentioned investment is part of a larger $11 billion cumulative global capex and R&D investment plan from 2025 through 2028.