Berlin, Germany (08 July, 2025) – GE Vernova Inc. (NYSE: GEV) today announced it has been awarded a contract by German transmission system operator TransnetBW to modernize the Kühmoos grid node - an important electrical substation in southern Germany that plays a vital role in cross-border power flows and regional grid stability. Once complete, the upgraded site is expected to enhance frequency regulation, voltage stability, and power exchange between Germany, France, and Switzerland.

Strengthening a Strategic Grid Node

Located near the Swiss border, Kühmoos serves as a critical transmission hub and connection point for two major pumped-storage hydropower plants. As part of Germany’s broader effort to strengthen grid infrastructure the modernization of Kühmoos aims to increase the capacity and reliability of the substation to support the integration of renewable energy and rising power flows across interconnected European networks.

Scope of GE Vernova’s Work

GE Vernova’s Grid Solutions business will lead turnkey delivery of a new 380 kV gas-insulated substation (GIS), replacing the existing air insulated switchgear, doubling capacity within a significantly smaller footprint while maintaining live operations throughout construction. The project includes 15 bays of compact GIS technology a 4 Main Busbar System, allowing for more flexible, secure, and space-efficient power distribution.

The project also integrates a mechanical switched capacitor with damping network (MSCDN) - a technology that helps regulate voltage and reduce losses, especially as more high-power flows move through the grid.

Dr. Rainer Pflaum, CFO at TransnetBW, said: “At the substation Kühmoos of TransnetBW, we are reinforcing a vital energy hub for both Germany and our neighbouring countries, France and Switzerland. The collaboration with GE Vernova supports our ambition to expand and future-proof our transmission network while continuing to operate reliably and safely. This modernisation is therefore a major milestone in the transformation of our grid, ensuring the electricity supply in south-western Baden-Württemberg.”

“This is a landmark project for the region and a proud moment for GE Vernova,” said Johan Bindele, Vice President and CEO of Grid Systems Integration at GE Vernova. “Modernizing critical grid nodes like Kühmoos is essential for supporting the long-term reliability of Europe’s power system, especially as countries expand their use of renewables and seek greater interconnection across borders. Europe is our largest market for Electrification, and we are deeply committed to supporting its energy transition. We are honored to support TransnetBW in building grid infrastructure that is both future-ready and resilient.”

Supporting Europe’s Grid of the Future

Europe is rapidly scaling up its renewable energy ambitions, with the EU power sector expected to generate around 70% of its electricity from renewables by 2030 and nearly 90% by 2050, according to the latest IRENA outlook. To reach these targets, grid modernization, accelerated infrastructure investment, and better cross-border coordination are critical. Recent insights from the World Economic Forum’s 2025 Energy Transition Index also underscore the urgent need to improve system flexibility and resilience, especially as electricity demand rises. Projects like Kühmoos - designed to enhance transmission capacity, system stability, and cross-border connectivity - are essential enablers of Europe’s energy transition and long-term competitiveness.

GE Vernova’s Grid Solutions business is a global leader in delivering advanced technologies that connect, stabilize, and protect the grid. With this contract, the company reinforces its longstanding presence in Europe and ongoing commitment to building the resilient infrastructure needed to power the energy transition.

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Notes for financial editors:

GE Vernova booked this order in Q2 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.

The 2020s have a lot in common with the 1920s when it comes to the buildout of electrical power. Back then, grids were largely driven by coal, which was polluting, to be sure, but offered stability to big, national electrical systems with power plants that often ran uninterrupted for long periods of time. Then came hydropower, with its distant electrical power generators. Power engineers, trying to figure out how to transmit power from faraway places, developed an unusual machine called a synchronous condenser.

Everyone loves a vacation. But that’s the problem: The world’s holiday destinations are bursting at the seams with visitors. Workers at the Louvre in Paris recently went on strike, saying they were suffering from exhaustion.

NAIROBI, Kenya (June 11, 2025) – GE Vernova Inc. (NYSE:GEV) today announced that the GE Vernova-Larsen & Toubro (L&T) consortium will build an advanced National System Control Center (NSCC) for Kenya Electricity Transmission Company (KETRACO) to monitor and manage Kenya’s national electricity grid. The work will include constructing a Main Control Centre building in Embakasi, equipped with advanced grid software solutions and the latest substation automation, monitoring, and communication equipment. Additionally, an Emergency Control Centre building in Suswa will be constructed, featuring the same systems and an Enterprise Asset Management (EAM) system for transmission operations. GE Vernova booked the order in the first quarter of 2025.

Kenya's Electricity Goals
Kenya has set ambitious electricity goals aimed at achieving universal access and transitioning to a sustainable energy future. The country aims to ensure that 100% of its population has access to reliable and affordable electricity by 2030. To achieve this, Kenya is investing heavily in expanding its electricity grid and enhancing generation capacity. Additionally, Kenya is focusing on enhancing energy efficiency and developing smart grid technologies to optimize electricity transmission, distribution and consumption.

“A new, advanced NSCC is essential for managing increased electricity demand as Kenya's economy grows. When commissioned, the new NSCC system would play a critical role in supporting our mandate as System Operator(SO). It will ensure reliable, secure, and efficient electricity transmission across the country. It is a game-changer for Kenya’s electricity transmission capabilities, significantly improving our ability to manage the grid, enhance the quality of power, and integrate renewable energy sources,” said Dr. Eng. John Mativo, MBS, Managing Director and CEO at KETRACO.

Consortium Roles and Responsibilities
GE Vernova, through its French entity Grid Solutions SAS, will lead the consortium and provide advanced grid technology from its Electrification Software and Grid Automation portfolio. This technology includes two solutions from its GridOS® orchestration software portfolio—Advanced Energy Management Systems (AEMS) and Wide Area Management Systems (WAMS)—Enterprise Asset Management Systems (EAM), and several solutions from its grid automation portfolio - GridBeats™ - Asset Performance Management System (APM), Condition Monitoring devices, Substation Automation Systems, and Telecommunication Systems. Larsen & Toubro will handle all civil works, including the construction of two fully equipped greenfield control center buildings, equipment installation, and support for system configuration, testing, and commissioning. The project is expected to be completed within three years.

“GE Vernova is uniquely positioned to handle projects of this scale and complexity, requiring both advanced software solutions and grid automation equipment, as well as unique financing solutions. With our comprehensive capabilities in managing such projects end-to-end, we believe KETRACO will significantly benefit from GE Vernova’s expertise, ensuring seamless integration and operational efficiency from project inception to completion,” said Philippe Piron, CEO of GE Vernova’s Electrification Systems businesses. “By providing Kenya with an advanced electricity control center, we’re aiming to enhance the reliability and efficiency of its national grid. This is a pivotal step in paving the way for a more sustainable future that supports the country’s electrification and decarbonization goals.”

Financial and Development Support
The project is made possible through a financing partnership with the French Development Agency (AFD) and the French Treasury, which are providing vital support to KETRACO for the development of a stronger and more sustainable electricity grid in Kenya. This collaboration reflects a shared commitment to advancing Kenya’s energy goals by enabling more reliable and efficient power infrastructure.

“France is committed to supporting sustainable infrastructure projects in Kenya, notably in the Power sector, as part of the broader ongoing collaboration between Kenya and France on energy transition and climate. A modern NSCC will make the Kenyan grid more resilient and reliable, enabling the integration of more variable renewable energy and ultimately providing more reliable and affordable power to Kenya’s businesses and households. The project is fully financed by France with two separate and complementary financing from AFD and the French Treasury, supported by a related grand from the European Union dedicated to Capacity building,” said H.E Arnaud Suquet, the French Ambassador to Kenya.

GE Vernova’s Financial Services business played an integral role in the procurement process, advising the consortium and securing concessional financing from the French Treasury to supplement AFD’s funding. This seamless partnership showcases the importance of combining technical expertise with innovative financing to deliver impactful, future-ready energy solutions.

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Notes to Editors
A National System Control Center (NSCC) is like a central brain of a country's electricity grid. It's responsible for monitoring, controlling, and optimizing the flow of electricity across the entire power system. It can also effectively integrate renewable energy sources like solar, wind, and geothermal into the grid. Real-time monitoring allows for prompt corrective actions, improving grid stability and reducing the risk of power outages and blackouts.

Hammerfest, Norway (May 21, 2025) – GE Vernova Inc. (NYSE: GEV) today announced the forthcoming deployment of two high-voltage 420 kV sulfur hexafluoride - free (SF₆-free) gas-insulated substations (GIS) for Statnett SF, Norway’s Transmission System Operator (TSO), and Equinor ASA. Awarded in the fourth quarter of last year, the contract covers the design, supply, and installation of GIS units at Skaidi and Hyggevatn as part of Statnett’s 420 kV transmission line project—an important milestone supporting Norway’s energy transition and decarbonization effort.

The Skaidi substation involves upgrading the existing facility, while the Hyggevatn substation will be a completely new installation. Together, they aim to modernize Norway’s electrical grid, increase capacity, and electrify Melkøya Island, home to Equinor’s Snøhvit gas field and Hammerfest LNG plant. This initiative aligns with Statnett’s and Equinor’s commitment to achieving a sustainable energy transition while reducing greenhouse gas emissions.

The design of these next-generation substations will be based on GE Vernova’s g³ technology, which replaces SF₆ gas, a potent greenhouse gas commonly used in high-voltage equipment. The g³ technology is part of GE Vernova’s GRiDEA portfolio, a suite of decarbonization solutions that empower grid operators to meet their net-zero objectives. Launched in 2014, g³ gas shows an approximately 99% reduction in greenhouse gas contribution to global warming compared to SF₆, supporting the energy sector’s decarbonization goals.

Driving decarbonization of the grid across Europe

“This project in Norway is the latest of many contracts that we have signed for our new SF₆-free 420 kV T155g GIS since our first one in Scotland in 2020. GE Vernova’s g³ product portfolio has experienced strong commercial growth since the launch of our first SF₆-free product, underscoring the trust placed in g³ by over 60 utilities in Europe and Asia,” said Eric Chaussin, Power Transmission Business Leader at GE Vernova’s Electrification segment. “This marks another important milestone in our journey to electrify and decarbonize the world’s grids. We are proud to support the climate ambitions of Norway.”

GE Vernova’s g³ technology roadmap covers a wide range of voltage levels, from 72.5 kV up to 550 kV. The EU Commission LIFE Programme recognized the potential of this innovative technology by co-funding the development of the SF₆-free 420 kV GIS interrupter under the "LifeGRID" project. The g³ technology is now enabling utilities to take immediate action to reduce the carbon footprint of their high-voltage power grids, supporting their decarbonization goals.

Statnett’s Skaidi and Hyggevatn substations are expected to become operational by 2029. GE Vernova has a  track record of successful GIS Substations in Norway, including in Oslo Smestad, Sogn, and Hamang.

-ENDS-

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

The peculiar machine described in the 1920 issue of GE Review — essentially a giant engine designed to produce no mechanical power — seems like nothing more than a charming relic from the early years of electrification.

America’s demand for electric power is surging and, with it, the need to move electrons around the country. Nowhere is that trend more tangible than at GE Vernova’s Grid Solutions factory in Charleroi, Pennsylvania, a sprawling 332,000-square-foot facility that has been making high-voltage instrument transformers and high-voltage circuit breakers, key components of the electric grid for more than three decades.

Before being accepted to the Indian Institute of Science, Rajib Datta contemplated a career as a fine artist. “I was good at math and physics, so I knew engineering or science was probably in my future,” he says. But he felt equally adept in the field that he’d pursued since childhood. A natural draftsman and painter, Datta still executes figurative works and sketches today, and now senses a resonance between visual art and his pioneering work with GE Vernova in the field of power electronics.

TEXAS, US (March 25, 2025) - As utilities worldwide confront growing challenges in grid security, modernization, and reliability, GE Vernova has released a series of whitepapers offering practical strategies to strengthen energy systems. Launched during DISTRIBUTECH 2025 in Dallas, Texas, these whitepapers provide global grid operators with insights into cybersecurity, digitalization, automation and artificial intelligence (AI) strategies—all critical for ensuring a secure, resilient, and future-ready energy network.

Why grid reliability and automation are more crucial now than ever

The world is entering a new age of electricity, where AI-driven data centers, electrified transport, and industrial automation are reshaping energy demand. This shift is putting immense pressure on grids, forcing utilities to rethink their approach to resilience and efficiency. At the same time, energy grids have become prime targets for sophisticated cyberattacks. To respond, utilities must adopt scalable, software-based solutions that have the power to revolutionize the grid—enhance reliability without costly hardware overhauls, ensuring secure remote access and substation resilience, optimizing grid utilization, unlocking new economic opportunities, and more.

GE Vernova’s latest whitepapers provide actionable guidance to help utilities navigate these pressing challenges  to help secure their networks and achieve a grid fit for the future.

Key Focus Areas in the Whitepapers

1. Modernizing with Virtualized Protection, Automation & Control (VPAC)

Utilities are facing a fundamental shift in how protection and control systems are managed. Traditional hardware-dependent protection systems are struggling to keep up with evolving grid complexities, making virtualization an essential tool for modern utilities. GE Vernova’s research explores:

• Unlocking Resilience & Scalability with Virtualized Software-Defined Substation Solutions – GE Vernova’s study explores how virtualization can replace cumbersome hardware dependencies, reduce operational costs, and enable seamless remote upgrades—ushering in a new era of flexible, software-driven grid management. Download  here.

2. Strengthening Grid Cybersecurity

The power grid is no longer just an engineering challenge—it’s a security imperative. These grids remain prime targets for cyberattacks, with legacy systems and digital substations often serving as vulnerable points. Two whitepapers focus on:

• Secure Remote Access Solutions – Many grid assets were never designed for remote operation, making them highly vulnerable to cyberattacks. This whitepaper outlines next-generation access control strategies to safeguard legacy infrastructure while enabling seamless modernization. Download  here.
• Substation Cyber Resilience – Digital substations are revolutionizing grid management, but they also introduce new risks. This whitepaper explores multi-layered cybersecurity strategies that strengthen defenses, minimize attack surfaces, and protect against sophisticated grid disruptions. Download  here.

3. Empowering Intelligent Grids With AI

• The energy landscape is rapidly transforming, and utilities are facing unprecedented challenges driven by the integration of renewable energy sources, increasing grid complexity, and the need for enhanced resilience against cyber threats and extreme weather events. Traditional grid management approaches are proving inadequate in addressing these dynamic challenges. This whitepaper—part of a series of four—delves into the pivotal role that AI can play in revolutionizing grid management. Download here.

Showcasing Innovation at DISTRIBUTECH 2025

At DISTRIBUTECH 2025 in Dallas, Texas, GE Vernova is showcasing its latest advancements in grid digitization and automation technologies, providing real-world solutions for grid reliability, security, modernization and orchestration. Experts will be on-site at Booth Number 3223 to discuss the insights from the whitepapers and demonstrate how advanced digital and automation solutions can help utilities build a more resilient and future-proof power network.