Delhi, India (May 01, 2025) – GE Vernova Inc. (NYSE: GEV) today announced it has been chosen by Power Grid Corporation of India Limited (POWERGRID) to supply over 70 extra high-voltage transformers and shunt reactors for key transmission projects across India. The 765 kV class units will support transmission infrastructure for renewable power evacuation projects under India’s Tariff-Based Competitive Bidding (TBCB) framework. The order has been booked through GE Vernova T&D India Limited, listed entity of GE Vernova’s Electrification business in India.

GE Vernova’s scope includes the supply, erection, testing, and commissioning of the equipment. Manufacturing will be carried out at GE Vernova’s power transformer facility in Vadodara, India. Deliveries are expected to begin in 2026 and continue through the end of 2027.

“This is one of the largest order intakes for GE Vernova’s Electrification segment in India and a significant milestone for our Vadodara facility,” said Ruchir Mayank, Commercial Leader of GE Vernova’s Power Transmission business in India. “We are proud to contribute to India’s grid modernization and renewable energy expansion, and we thank POWERGRID for their continued trust in our technology and execution capabilities.”

“These orders reflect the critical role GE Vernova is playing in advancing India’s transmission infrastructure to support global renewable energy goals,” said Sandeep Zanzaria, Managing Director and CEO of GE Vernova T&D India Limited. “As a listed entity in India, we are proud to contribute to national priorities by delivering extra high-voltage technologies that enable a more resilient power systems.”

POWERGRID is India’s largest electric power transmission utility and plays a central role in renewable energy integration. These orders - placed under a bulk procurement strategy - are expected to support high-capacity renewable power corridors in the states of Rajasthan, Gujarat, Karnataka, Tamil Nadu, and Andhra Pradesh.

The project reflects GE Vernova’s ongoing commitment to accelerating the energy transition in emerging markets. By enabling large-scale renewable integration, the initiative also helps enhance energy security and reduce dependency on fossil fuels.

GE Vernova’s Vadodara site has been designing, manufacturing and testing 765 kV class transformers and shunt reactors since 2009. To date, the Vadodara factory has manufactured and supplied more than 700 units across the country to ensure the reliable performance of India’s power network.

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Notes for financial editors:

The order was booked in Q1 of 2025

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 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.

American author and activist Helen Keller once observed that “optimism is the faith that leads to achievement.” Could optimism itself, therefore, be harnessed as a strategy? GE Vernova thinks so. At just one year old, the standalone energy technology company is remaking itself into a key player in the global energy transition.

Foundational repositories like the ArcGIS Living Atlas of the World and the NOAA’s World Weather Records serve as libraries rich with the critical data used to analyze trends and forecast possible futures by multiple industries across the world. As we head into electricity’s expansive golden age, our knowledge base requires a similar specialized collection: intelligence and fine detail on global power systems.

SELANGOR, Malaysia (March 13, 2025) – GE Vernova Inc. (NYSE: GEV) today announced a Selangor state-linked company, Worldwide Holding Berhad (WHB)’s Pulau Indah power plant achieved the start of operation in Selangor, approximately 60 km from the Malaysian capital city, Kuala Lumpur. Powered by two-blocks of GE Vernova HA combined cycle equipment, the new 1,200 megawatts (MW) plant is projected to produce the equivalent electricity needed to power approximately 2.5 million homes in Malaysia. In addition, under the terms of a 21-year agreement, GE Vernova is expected to provide maintenance services and software solutions to improve asset visibility, reliability, and availability of the plant.

Over the next three decades, the Malaysian economy is estimated to triple in size, while its population is projected to rise to over 40 million people; consequently, energy demand in Malaysia is set to increase significantly. Malaysia has announced its aim to reach net-zero emissions by as early as 2050 – reflected in its latest National Energy Policy – and continues to refine a long-term lower-emission development strategy.

At the core of the plant, the two 9HA gas turbines, engineered from the ground up to be extremely flexible, feature high ramp rates and fast start up times to help meet fluctuating demand. In addition, the HA unit has the capability to burn up to 50% by volume of hydrogen when blended with natural gas.

Natural gas has become an increasingly popular option for electricity generation in Malaysia due to increased availability and the fact that it emits less CO2 and other pollutants than coal. Gas power plants can also be turned on or off relatively easily, which allows for greater flexibility in dealing with demand peaks or low supply from renewable sources.

For the Pulau Indah Power Plant, GE Vernova provided two blocks of 600 MW, each including a 9HA.01 gas turbine, an STF-D650 steam turbine, a W88 generator and a Once Through Heat Recovery Steam Generator (OT HRSG).

Overall plant performance will be monitored and enhanced with GE Vernova’s tightly integrated Mark* VIe Distributed Control System (DCS) software software to help improve asset visibility, reliability, and availability while reducing operation and maintenance costs. In addition, data collected from sensors throughout the facility will be monitored and analyzed 24/7 at GE Vernova’s Monitoring & Diagnostics (M&D) Center in Greenville, SC, United States.

“We are proud to add this plant to the 116 units operating globally, and that have amassed more than 3 million commercial operating hours, the equivalent capacity needed to power more than 50 million U.S. homes,” said Ramesh Singaram, President and CEO of Asia, Gas Power, GE Vernova. “With more than 40 years of operations and the largest base of installed gas turbines in the country, GE Vernova is uniquely qualified to support Malaysia’s energy transition, while helping meet the growing power demand in the country.”

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Notes to editors
* decarbonization as used in this article is intended to mean the reduction of carbon emissions on a kilogram per megawatt hour basis.

Soo Shing Tan had removed her hard hat and was leaving the Sultan Ibrahim (Track 4A) Power Plant in Pasir Gudang, in Johor, Malaysia, in the spring of 2024 when she realized something that made her smile. Tan is tooling director for the Asia region at One Field Services (OFS), part of GE Vernova’s Gas Power business.

GE Vernova today released its first annual report since becoming an independent company, detailing how 2024 was a foundational year as the company positions itself to serve in an unprecedented era of electric growth. With 75,000 employees around the globe, the company’s technology helps generate approximately 25% of the world’s electricity.

Singapore has always been synonymous with progress. Upon becoming independent in 1965, the Asian island nation adopted “Majulah Singapura,” the Malay for “Onward Singapore,” as its motto and national anthem.

Last April, GE Vernova launched as a standalone company with a mission to electrify and decarbonize the world. The catalyst behind the change the company is creating is its 75,000-strong global team — their ideas, their energy, and their commitment. Meet a dozen of the people who helped GE Vernova get off to a running start.

The Enlightener: Vera Silva

This year’s annual United Nations climate summit, COP 29, is the first COP meeting to focus on finance in 15 years, and among the major agenda items delegates have been discussing are financial commitments by wealthier countries to help developing nations transition their energy infrastructure away from coal and other high-emissions sources and toward more renewable forms of energy.