Cambridge, Mass (April 22, 2026) – The GE Vernova Foundation today announced Engineers of Change, a dynamic new initiative designed to inspire the next generation of engineers and energy leaders through early exposure to engineering, hands-on learning, and direct connections with industry professionals. In partnership with global nonprofit organization FHI360, and backed by a $4.5 million commitment, the initiative aims to reach more than 6,000 students in Greenville, South Carolina, and Staffordshire, UK, over the next three years, helping build stronger pathways into engineering education, training, and careers.

Engineers of Change is built around two complementary programs:

• Engineering Spark engages students ages 13–14 in discovering engineering through dynamic, hands-on learning sessions led by GE Vernova engineers and volunteers, helping spark curiosity and expand understanding of what engineering is all about.
• Engineering Catalyst is an immersive, two-year program for students ages 15–18, featuring real-world design challenges, college and career readiness workshops, and engagement with GE Vernova engineers, designed to equip students with the skills and confidence to think like engineers, build a strong engineering identity, and pursue post-secondary studies or apprenticeships.

“Meeting the world’s growing energy needs will require not only breakthrough technology, but people – bold thinkers, problem-solvers, and next generation leaders ready to shape the future,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “Through Engineers of Change, we are helping young people see engineering not just as a career path, but as a mission with real-world impact. By bringing engineering to life in engaging, community-connected ways, we hope to ignite curiosity today and help build the workforce of tomorrow.”

By making engineering tangible and inspiring, the initiative helps students connect their interests and skills to future opportunities in engineering and energy. Students completing the program will be awarded a partial scholarship for post-secondary engineering education and training.

“We’re thrilled to work with GE Vernova Foundation and with our partners in Greenville, SC, and Staffordshire, UK, to inspire the next generation of engineers,” said Steven Ehrenberg, Director of Programs at FHI 360. “I’m excited that students in Greenville and Staffordshire will have hands-on engineering experiences and the opportunity to meet and learn from professional engineers."

Engineers of Change reflects the Foundation’s commitment to strengthening the future energy workforce by inspiring more young people to pursue engineering, particularly in communities where GE Vernova operates. With an estimated 30 million new energy jobs needed in the next five years, Engineers of Change is designed to foster innovation, strengthen problem-solving skills, and expand pathways into engineering and energy careers. By aligning programming with local needs and long-term workforce development priorities, the GE Vernova Foundation is putting its purpose — The Energy to Change the World — into practice while helping develop the next generation of innovators and leaders needed to advance a more reliable, affordable, and sustainable energy future. Learn more about Engineers of Change. 

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CAMBRIDGE, Mass., (April 22, 2026) – GE Vernova Inc. (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today reported financial results for the first quarter ending March 31, 2026.

“We had a solid start to 2026 as we continue to serve the growing, long-cycle electric power market. Demand is accelerating for our Power and Electrification solutions from a diverse set of customers, with our backlog growing by more than $13 billion quarter-over-quarter,” said GE Vernova CEO Scott Strazik. “Reflecting this strength, we now expect to reach at least 110 GW of combined gas turbine backlog and slot reservation agreements by year-end 2026 and are raising our 2026 financial guidance. In the quarter, our Electrification segment booked $2.4 billion in equipment orders to support data centers, more than all of last year. We also completed our acquisition of the remaining fifty percent stake in Prolec GE, a leading grid equipment supplier, strengthening our ability to serve customers and accelerating our growth trajectory. Our team is executing well and remains focused on delivering for the long-term.”

"We delivered significant growth and margin expansion in the first quarter as we executed our financial strategy. With robust equipment orders growth in each segment and continued services strength, our backlog grew to $163 billion, inclusive of Prolec GE,” said GE Vernova CFO Ken Parks. “We maintained a strong investment grade balance sheet, growing our healthy cash balance to $10.2 billion with significant free cash flow generation and proceeds from dispositions, even as we closed the Prolec GE acquisition and returned capital to shareholders. Given our strong results and continued business momentum, we are increasing our guidance for 2026 revenue, adjusted EBITDA margin, and free cash flow.” 

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¹ Defined as remaining performance obligation (RPO)

*Non-GAAP Financial Measure

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws that are subject to risks and uncertainties. These statements may include words such as “believe”, “expect”, “guidance”, “outlook”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may,” and negatives or derivatives of these or similar expressions. These forward-looking statements may include, among others, statements about our future performance, anticipated growth, and expectations in our business; the energy transition; the demand for our products and services; our technologies and ability to innovate, anticipate, and address customer demands; our ability to increase production capacity, efficiencies, and quality; our underwriting and risk management; the estimated impact of tariffs; our product quality and costs; our cost management efforts; tax incentives; customer orders and commitments; project execution and timelines; our actual and planned investments, including in research and development, capital expenditures, joint ventures, and other collaborations with third parties; our ability to meet our sustainability goals and targets; levels of global infrastructure spending; government policies; our expected cash generation and management; our lean operating model; our capital allocation framework, including organic and inorganic investments, share repurchases, and dividends; our restructuring programs; disputes, litigation, arbitration, and governmental proceedings involving us; the sufficiency and expected uses of our cash, liquidity, and financing arrangements; and our credit ratings.

Forward-looking statements reflect our current expectations, are based on judgments and assumptions, are inherently uncertain and are subject to risks, uncertainties, and other factors, which could cause our actual results, performance, or achievements to differ materially from current expectations. Some of the risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by forward-looking statements include the following:

• Quality issues or safety failures among our products, solutions, or services;
• Significant supply chain or logistics disruptions, including cost or availability of materials or components;
• Disruptions or capacity constraints at our manufacturing or operating facilities;
• Our ability to manage our costs and achieve anticipated cost savings;
• Our ability to execute and estimate long-term service obligations;
• Our ability to successfully compete;
• Our ability to innovate and successfully commercialize new technologies and manage our product cycles;
• Achieving expected benefits from strategic transactions, joint ventures, and other third-party collaborations;
• Issues with grid connectivity or our customers’ ability to sell generated electricity;
• Our ability to manage customer and counterparty relationships and contracts;
• Our ability to maintain our investment grade credit ratings;
• Our access to capital or credit markets or other financing on acceptable terms;
• Decarbonization and energy-transition dynamics;
• Changes in energy, environmental, and tax laws and policies;
• Challenges of operating globally, including complex legal, regulatory, and compliance risks;
• Natural disasters, physical effects of climate change, pandemics, and other emergencies;
• Geopolitical events;
• Our ability to meet sustainability expectations, standards, and goals;
• International trade policies;
• Our ability to obtain, maintain, and comply with approvals, licenses, and permits;
• Our ability to comply with laws and regulations and related compliance costs;
• Impacts from claims, litigation, regulatory proceedings, and enforcement actions;
• Our ability to attract and retain highly qualified personnel and impacts from any labor disputes or actions;
• Our ability to secure, deploy, and protect our intellectual property rights and defend against third-party claims;
• Foreign currency impacts;
• Our ability to realize the benefits from our separation from, and our obligations to, General Electric Company;
• Our capital allocation plans, including the timing and amount of any dividends, share repurchases, acquisitions, organic investments, and other priorities;
• The price, availability, volatility, and trading volumes of our common stock;
• The amount and timing of our cash flows and earnings;
• The impact of cybersecurity or data security incidents; and
• Other changes in macroeconomic and market conditions and volatility.

These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements, and these and other factors are more fully discussed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections included therein, as may be updated from time to time in our Securities and Exchange Commission filings and as posted on our website at https://www.gevernova.com/investors/fls. We do not undertake any obligation to update or revise our forward-looking statements except as may be required by law or regulation. This press release also includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

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

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

Conference Call and Webcast Information
GE Vernova will discuss its results during its investor conference call today starting at 7:30 AM Eastern Time. The conference call will be broadcast live via webcast, and the webcast and accompanying slide presentation containing financial information can be accessed by visiting the investor section of the website https://www.gevernova.com/investors. An archived version of the webcast will be available on the website after the call.

Wroclaw, Poland (April 21, 2026) – As part of continued efforts to educate and train the next generation of global energy leaders, the GE Vernova Foundation today announced a grant of $800,000 USD to Assist International who will partner with Wroclaw University of Science and Technology to create a new technical training program in Wroclaw, Poland focused on building skills capacity in distributed energy systems and grid integration.

The three-year grant will support the creation of a training lab equipped with modern technology, alongside the development of a three-tiered, skills-based curriculum spanning introductory, intermediate, and advanced levels. The program will deliver hands-on technical training for vocational and technical students, undergraduate engineering students, and technicians, while offering scholarships to reduce financial barriers and expand access to training and economic opportunity for low-income learners. It will also help inspire the future workforce by engaging local middle and high school students through hands-on experiences in the lab, sparking curiosity and interest in energy-related careers. The three-year program anticipates reaching 800 students and learners.

“The GE Vernova Foundation is proud to support the next generation of energy leaders in Poland,” said Kristin Carvell, GE Vernova Foundation President and Chief Communications Officer, GE Vernova. “This workforce and skills development program focuses on practical training and educational opportunities that will help drive the future of energy in Europe and beyond.”

Poland is focused on building the workforce needed to transition its energy systems and modernize infrastructure to meet net-zero goals, with demand increasing for technicians and engineers with hand-on experience in renewable energy, grid integration, and modern power systems.

“Assist International is proud to partner with the GE Vernova Foundation and Wroclaw University of Science and Technology to expand hands-on training for Poland’s energy workforce. This initiative will equip learners with practical skills that open doors to opportunity and support the country’s transition to a more sustainable energy future,” said Cheri Reynolds, Vice President, Strategy & Programs, Assist International.

“The energy transition is a major challenge for Poland, but also an opportunity to develop new economic sectors and create jobs,” said Professor Waldemar Rebizant, Dean of the Faculty of Electrical Engineering, Wroclaw University of Science and Technology. “The advancement of modern renewable energy technologies, energy storage solutions, and the modernization of existing networks cannot succeed without conducting scientific research and training specialists. Collaboration with partners such as the GE Vernova Foundation helps us effectively carry out tasks related to the country’s energy security.”

With an estimated 30 million new energy jobs needed in the next five years, initiatives like this play a vital role in developing the technical skills and hands-on experience required for today’s energy workforce. The program helps build a pipeline of job-ready talent prepared to support the systems and technologies driving a more reliable, affordable, and sustainable energy future.

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About GE Vernova in Poland

GE Vernova has a long-standing and growing presence in Poland, playing a central role in the country’s energy transition and modernization. There are nearly 2,000 employees in Poland who work closely with our customers locally and globally to support the country’s economy. With a broad portfolio spanning nuclear, gas, steam, grid, and wind, GE Vernova is committed to the country’s sustainable development through advanced technologies, services, skilled employees, and an expanding local supplier ecosystem. With a robust footprint comprised of turbine manufacturing in Elblag , a generator factory and steam power services in Wroclaw and the Engineering Innovation Center for research and development in Warsaw, GE Vernova is supporting Poland’s goal to deliver reliable, affordable and secure energy on the path to net zero.

About GE Vernova Foundation

The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Following the spinoff of GE Vernova as an independent company in April 2024 and building on the 100+ year legacy of the GE Foundation, the newly formed GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. As the Foundation grows, its philanthropic strategy and programs will focus on growing stronger and more resilient communities and building the workforce needed to drive the energy transition forward. Learn more at www.gevernova.com/about/philanthropy.

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.

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 Assist International

Assist International is a U.S.-based non-governmental organization that partners with changemakers around the world to provide solutions that save lives and build resilient communities. Founded in 1990, Assist International delivers sustainable programs in energy access, global health, education, clean water, and disaster relief, creating lasting impact across more than 65 countries. With over three decades of experience, the organization works alongside foundations, corporations, universities, governments, and NGOs to design and implement programs that drive measurable, scalable change. Learn more at www.assistinternational.org

About Wroclaw University of Science and Technology

Wroclaw University of Science and Technology is one of Poland’s leading technical universities, combining engineering, medicine, and social sciences to deliver future-oriented, interdisciplinary research that supports industry and responds to societal and economic needs. The university focuses on strategic areas including data science, artificial intelligence, cybersecurity, advanced materials, advanced manufacturing, electromobility, and health technologies, with electrical engineering embedded across these fields. Wroclaw Tech educates more than 21,000 students across 14 faculties and three branches, supported by over 2,400 academic staff. With a strong international community and extensive industry collaboration, the university translates research into impact, securing over 2,800 patents in the past decade and ranking among Poland’s national leaders in innovation.

MADRID, SPAIN (April 20, 2026) - GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement to provide 15 of its 6.1 MW-158m* workhorse wind turbines to power the Santa Maria de las Fuentes wind farm in Spain, developed by Renovalia. The deal, which was booked in the fourth quarter of 2025, further strengthens GE Vernova’s commitment to supporting Spain’s transition to renewable energy.

Spain has a goal of installing 62 GW of wind in the country by 2030, part of its plan to generate over 80 percent of its electricity from renewable resources by the end of the decade.

GE Vernova has a strong presence in Spain, accounting for approximately 6 GW of the country’s wind capacity. The company also maintains a significant manufacturing footprint in the region, including facilities in Toledo, Ponferrada, and Castellón, as well as an engineering center of excellence in Barcelona, all of which play a critical role in supporting the European wind market.

Gilan Sabatier, GE Vernova’s Chief Commercial Officer of onshore wind, international markets, said, “We are pleased to announce this latest agreement for the Santa Maria de las Fuentes wind farm. Our workhorse turbines are well-suited to the wind conditions found across Spain, providing the reliability and performance necessary as our customers look to meet rising energy demand, bolster energy security, and achieve ambitious decarbonization targets.”

José Manuel Olea, CEO of Renovalia, said: “The Santa María de las Fuentes wind farm represents another significant step forward in our vision to be a leading platform in the renewable energy sector. This partnership with GE Vernova allows us to implement advanced technology that optimizes clean energy production while contributing to the stability of the national grid. We remain committed to developing projects that not only meet environmental targets but also drive economic growth and sustainability in the regions where we operate.”

The Santa Maria de las Fuentes project joins a growing list of Spanish wind farms utilizing GE Vernova’s 6.1 MW platform, which is designed to provide high-quality, affordable, and sustainable renewable energy at scale.

GE Vernova's Wind segment has a total installed base of approximately 59,000 turbines and more than 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers next-generation high-powered turbines that support global decarbonization efforts.

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*Note to Editors: GE Vernova’s 6.1 MW turbine with a 158-meter rotor is referred to as the 6.1 MW-158m.

CAMBRIDGE, Mass. (April 7, 2026) – GE Vernova Inc. (NYSE: GEV) is scheduled to release its first quarter 2026 financial results on Wednesday, April 22, 2026, before market open. GE Vernova CEO Scott Strazik and CFO Ken Parks will discuss the company’s financial results in a webcast at 7:30 AM ET, which can be accessed at https://www.gevernova.com/investors/events.

The earnings press release and supplementary financial information, including reconciliations of non-GAAP financial measures, will also be posted at the same link on the GE Vernova Investor Relations website. A replay of the call will be made available as a direct download on GE Vernova’s website at www.gevernova.com/investors/events.

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

STOCKHOLM (April 7, 2026) – GE Vernova Hitachi Nuclear Energy (GVH) today announced that it has entered into a Main Services Agreement (MSA) with AFRY, a leading Swedish engineering, project management and advisory company, to support the deployment of its BWRX-300 small modular reactor (SMR) technology.

Through this non-exclusive collaboration, AFRY will deliver engineering and advisory services that leverage its deep sector knowledge, regional expertise and extensive presence across Europe. The collaboration is expected to enable Swedish industries to participate in high-value opportunities linked to the growing European and global SMR market.

“This agreement reflects our commitment to building a strong Swedish and European industrial ecosystem around the BWRX-300, going beyond reactor technology to enable long-term collaboration, local capability development and regional value creation,” said Jason Cooper, CEO, GE Vernova Hitachi Nuclear Energy. “Sweden has a strong industrial base and world-class engineering capabilities, and by working with AFRY we are reinforcing our ability to deliver the BWRX-300 while enabling local industry to play a meaningful role in Europe’s energy transition.”

“Through the collaboration with GE Vernova Hitachi, we aim to help position Sweden as a key hub in the future SMR value chain as well as advancing Sweden’s nuclear power program,” said Elon Hägg, EVP and Head of Global Division Energy at AFRY. “This collaboration connects local expertise with international reach and supports the delivery of reliable, low-carbon energy solutions.”

By combining GVH’s proven BWRX-300 technology and global project experience with AFRY’s sector-engineering strength, the collaboration is designed to support efficient, repeatable, and scalable deployment across multiple projects in Europe. In addition to engineering work, AFRY will also support GVH in the development of a license application for the BWRX-300 to the Swedish Radiation Safety Authority (SSM).

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

About GE Vernova Hitachi Nuclear Energy

GE Vernova’s Nuclear energy business, through its global alliance with Hitachi 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.

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.

TOKYO, JAPAN – ATLANTA, GA (March 18, 2026) – IHI Corporation (IHI) and GE Vernova Inc. (NYSE: GEV) announced today that they have successfully tested 100% ammonia combustion for GE Vernova’s F‑class gas turbines. Emission levels achieved during the test align with the companies’ development roadmap towards the goal of a 100% ammonia-fired gas turbine, with the aim of achieving commercial deployment by 2030.

“An essential piece of the ammonia value chain is now coming into place,” said Noriaki Ozawa, IHI Managing Executive Officer and President of Resource, Energy & Environment Business Area. “Since the signing of the joint development agreement in 2024, the collaboration between our two companies has gained strong momentum, with the efforts of both teams now bearing fruit. The successful achievement of 100% ammonia combustion in a full-scale F-class gas turbine marks a major milestone and helps reinforce the decarbonization roadmap envisioned by our customers in the power sector.”

The demonstration was conducted at IHI’s purpose-built test facility, engineered to replicate GE Vernova’s F-class gas turbine operating conditions.

“The successful demonstration of running an F‑class gas turbine on 100% ammonia fuel marks a pivotal step in our journey toward a lower‑carbon energy future,” said Jeremee Wetherby, GE Vernova’s Carbon Solutions leader. “This achievement reinforces our development roadmap and underscores the strength of our collaboration with IHI. We see significant potential for ammonia as a carbon‑free combustion fuel and are energized to continue working together to help unlock its role in advancing global decarbonization.”

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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.

Ammonia is utilized today in industrial applications such as the production of fertilizer.  When used as a carrier for hydrogen, ammonia enables a more efficient and lower-cost pathway for transport and storage. In addition, ammonia is expected to be utilized directly in power generation as a carbon-free fuel, since ammonia contains no carbon, it does not emit carbon dioxide when burned and may therefore enhance the power sector’s efforts in reducing carbon emissions. (Note:  any air-based combustion, even if operating on a carbon free fuel, will emit a trace amount of carbon dioxide based on the concentration of CO₂ in the atmosphere.)

About IHI

IHI is dedicated to creating Value Chains that generate new value for customers, originating from the establishment of Japan’s first modern shipyard in 1853. It leveraged its shipbuilding technology to expand into onshore machinery, bridge, plant, aero-engine, and other manufacturing fields. IHI has provided an array of solutions in recent years. These are principally in the Resource, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense business segments. In power generation, the Company manufactures boilers and gas turbines for thermal power plants. It is developing technology for ammonia firing and is constructing carbon-free fuel ammonia supply chain to help decarbonize the economy. Click below for more information about IHI.

https://www.ihi.co.jp/en/

Media inquiries

Yusuke Saito
Corporate Communication Division,
IHI Corporation
saito4137@ihi-g.com

TOKYO (March 14, 2026) – GE Vernova (NYSE: GEV) and Hitachi, Ltd. (TSE: 6501, “Hitachi”) have entered into a Memorandum of Understanding (MoU) to explore opportunities to deploy the BWRX-300 small modular reactor in Southeast Asia. The agreement was signed during the Indo-Pacific Energy Security Ministerial & Business Forum in Tokyo in the presence of U.S. Secretary of the Interior Doug Burgum and Japan’s Ministry of Economy, Trade and Industry (METI) Minister Ryosei Akazawa.

The two companies agree to collaborate through the GE Vernova Hitachi Nuclear Energy and Hitachi GE Vernova Nuclear Energy joint ventures to identify commercial opportunities for the BWRX-300 in Southeast Asia. The collaboration will also explore opportunities to incorporate qualified Japanese suppliers and strengthen the SMR supply chain supporting future BWRX-300 deployment in the region.

“As more nations look to nuclear power to meet their energy security needs, GE Vernova and Hitachi look forward to continuing our long history of collaboration in support of the global nuclear industry,” said Roger Martella, Chief Corporate Officer, GE Vernova. “Our SMR technology can be a powerful tool for countries across Southeast Asia for generations to come.”

“Hitachi has continued to bring long-standing experience in nuclear technology, through our partnership with GE Vernova, and we are excited to do even more by exploring the deployment of the BWRX-300 in Southeast Asia,” said Yasunori Inada, Vice President and Executive Officer, CEO of Nuclear Energy Business Unit, Hitachi. “We aim to contribute to a sustainable energy future in the region by leveraging the capabilities of Hitachi and GE Vernova.”

Momentum around the BWRX-300 continues to build globally. The first BWRX-300 is under construction at Ontario Power Generation’s Darlington site in Canada, with completion expected by the end of the decade, which will make it the first small modular reactor in the Western world. Key components like the reactor pressure vessel are being manufactured, and site construction is progressing according to plan. A total of four SMRs are planned for the site. The U.S. Nuclear Regulatory Commission has accepted and is reviewing Tennessee Valley Authority’s (TVA) application to construct the first BWRX-300 in the U.S. at the utility’s Clinch River site in Oak Ridge, Tennessee. These developments, and others, underscore the momentum of the BWRX-300 as GE Vernova and Hitachi build on more than half a century of experience in the nuclear industry, combining their proven technologies and deep expertise to scale and deploy SMRs commercially to customers around the globe.

About GE Vernova

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

About Hitachi

Through its Social Innovation Business (SIB) that brings together IT, OT (Operational Technology) and products, Hitachi contributes to a harmonized society where the environment, wellbeing, and economic growth are in balance. Hitachi operates globally in four sectors – Digital Systems & Services, Energy, Mobility, and Connective Industries – and the Strategic SIB Business Unit for new growth businesses. With Lumada at its core, Hitachi generates value from integrating data, technology and domain knowledge to solve customer and social challenges. Revenues for FY2024 (ended March 31, 2025) totaled 9,783.3 billion yen, with 618 consolidated subsidiaries and approximately 280,000 employees worldwide. Visit us at www.hitachi.com.

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 and Hitachi’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.

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HANOI, Vietnam (11 March, 2026) – Today in Hanoi the GE Vernova Foundation and partners ASSIST Asia and Electric Power University (EPU) cut the ribbon at the new Centers of Excellence on Wind Energy at EPU. The new center is funded by the GE Vernova Foundation’s RENEW Skills Development grant program, which over the past year has developed new, industry-aligned courses and outfitted five learning labs across the country, officially beginning the education and training of learners for high-demand technical careers.

Five learning labs, including two Centers of Excellence, have been established with educational partners and equipped with modern renewable energy technologies training equipment which will serve as hubs for course development, teacher capacity building and student training. The program anticipates reaching over 4,000 students and technical workers by 2027.

“The world needs energy, and to meet that demand we must accelerate the training and development of the next generation of energy leaders,” said Kristin Carvell, President, GE Vernova Foundation and Chief Communications Officer, GE Vernova. “With today’s ribbon cutting, we are doing just that here in Vietnam and advancing our broader goal of training 30,000 students and learners globally by 2030.”

“The establishment of the Center of Excellence on Wind Energy reflects our commitment to delivering industry-aligned, practice-oriented education,” said Assoc. Prof. Dr. Đinh Văn Châu, President of Electric Power University. “Through this partnership with GE Vernova Foundation and ASSIST, we are strengthening our capacity to equip students with the skills needed to support Vietnam’s energy transition.

At ASSIST, our mission is to drive social improvement and sustainable transformation through capacity development,” said Aru David, Regional Director of ASSIST Asia. “Through RENEW Skills, we are partnering with universities and colleges to empower students and technical workers with practical competencies in renewable energy, strengthening resilience and supporting Vietnam’s transition toward a more sustainable and inclusive energy future.”

“Skilled workforce development is a core focus of the GE Vernova Foundation, and this lab at EPU brings that commitment to life in Vietnam. Technical skills are the foundation of a strong energy workforce — and through RENEW Skills, we aim to create well-paying career opportunities for economically disadvantaged communities, while building the talent Vietnam needs for its energy transition," said Ramesh Singaram, Board Director, GE Vernova Foundation and President & CEO, Gas Power Asia, GE Vernova.

The RENEW Skills Development Program was launched with a $750,000 grant by the GE Vernova Foundation in November 2024, and is administered locally by ASSIST Asia. The program focuses on both the current workforce and the future generations of university and technical vocational college students, by providing access to new curricula and practical training focused on wind energy project design, operations and maintenance, grid integration, and workplace safety.

As Vietnam works to meet its 2050 Net Zero commitment, skilled workers and technicians will play a vital role in building a sustainable energy future. And because of that, and in alignment with the Just Energy Transition Partnership agreement announced in 2022, it is important to invest in new training and educational programs and drive awareness of these critical careers as Vietnam implements its Resource Mobilization Plan.

GE Vernova has a long history and strong presence in Vietnam, and just yesterday hosted an exclusive ‘Energy of Change’ Summit in Hanoi. The Summit convened over 400 distinguished senior representatives from government, national utilities, suppliers, and industry partners from across the energy ecosystem of Vietnam and Asia to advance Vietnam’s energy transition as it moves from planning into large-scale implementation under the Revised Power Development Plan VIII (PDP8R).

GE Vernova has over 1,100 employees in Vietnam who work closely with our customers locally and globally to support the country’s economy. With a robust footprint comprised of manufacturing facilities, repair and service centers, nearly 30% of Vietnam’s electricity needs are met through GE Vernova’s equipment and installed solutions today.

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About the GE Vernova Foundation
The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Building on the 100+ year legacy of the GE Foundation, the new GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. The Foundation’s resources are channeled into initiatives focused on championing the global workforce needed for the energy transition as well as building stronger and more resilient communities. Learn more at www.gevernova.com/about/philanthropy.

About Asia Society for Social Improvement and Sustainable Transformation (ASSIST Asia)
ASSIST Asia is a Pan-Asian non-profit organization founded & operating since 2003 across several Asian countries. We specialize in capacity development initiatives in our key focus areas such as Education & Skills, Health, Agriculture & rural development and Green Economy. ASSIST Vietnam has been implementing social improvement & sustainable transformation projects in Vietnam since 2007. Its goal is to empower its target groups to make them resilient to the social, economic and environmental challenges. To learn more about ASSIST, visit www.assistasia.org.

About Electric Power University (EPU)
EPU is a public university with a multi-level and multi-discipline system, operating under the management of Vietnam Ministry of Industry and Trade (MoIT) and its main function is to provide high quality manpower at different training levels for the power sector to satisfy society’s needs. It is also one of the leading research centers for science and technology within the sector. Apart from retraining and advanced training for technical and management staff members of the power sector, the university also develops and promotes scientific research, international cooperation, transfer and deployment of new technology applications.

Guided by the philosophy of "comprehensive education, strong foundations, and sustainable future," and with the aim of becoming a leading applied university in Vietnam, we have established a comprehensive and autonomous model that integrates international education standards. Our numerous research outcomes have effectively met practical needs and contributed to the industrialization and modernization of our country; aligning with the core values of EPU, which are "Responsibility, Creativity, and Efficiency."

For further information about Electric Power University, please visitvhttps://epu.edu.vn/.

Hai Phong, Vietnam | March 10, 2026 – GE Vernova (NYSE: GEV) today announced an investment of approximately $200 million to expand manufacturing capacity within its Electrification segment by establishing a new facility in Hai Phong, Vietnam. GE Vernova’s Electrification segment provides technologies that support power transmission, grid stability, and large-scale electrification programs worldwide.

This investment forms part of GE Vernova’s planned investments of $11 billion in capex and R&D from 2025 through 2028, including $1 billion for Prolec GE from 2026 to 2028. It follows GE Vernova completing the $5.3 billion acquisition of Prolec GE to increase transformer production in the North American market, more than $300 million in investments in grid facilities in the United States, and the expansion of its Stafford, UK site to strengthen HVDC and grid manufacturing capabilities in Europe.

The new facility will manufacture large power transformers mainly for High-Voltage Direct Current (HVDC) projects, complementing GE Vernova’s existing HVDC transformer manufacturing facilities in Stafford, UK, and India. These technologies are used to move electricity efficiently over long distances and ensure power networks can safely and reliably handle rising electricity demand.

“Electrification is accelerating globally, and reliable power infrastructure is increasingly essential to support economic growth and energy security,” said Philippe Piron, CEO of GE Vernova’s Electrification segment. “This investment expands our manufacturing capacity in a region experiencing strong demand growth while reinforcing a diversified supply chain that supports customers across Asia and other regions as needed. It also reflects our long-term commitment to supporting Vietnam’s industrial development.”

The Hai Phong facility is planned to be developed in phases, with full operations expected in 2028, subject to regulatory approvals. Once operational, the site is expected to contribute towards GE Vernova’s broader transformer manufacturing capacity while primarily serving growing demand across Asia.

Electricity demand growth is particularly strong in fast-industrializing and urbanizing markets, where power infrastructure expansion and modernization are advancing at pace. Locating manufacturing capacity in this region will allow the company to improve delivery timelines, strengthen supply chain resilience, and support reliable project execution.

The project is expected to create approximately 450 jobs by 2030, with a significant number planned to be filled locally. In addition, GE Vernova plans to implement workforce training and knowledge-sharing programs in Vietnam, helping build local capabilities while connecting the Hai Phong site to its global Electrification manufacturing network.

GE Vernova’s equipment supports up to 30% of Vietnam’s electricity needs, reflecting the company’s long-standing presence in the country. Today, GE Vernova employs more than 1,100 people across nine locations in Vietnam, spanning multiple businesses. In addition to the new Hai Phong facility, GE Vernova operates the Phu My repair facility and the Dung Quat HRSG manufacturing plant, which are part of the company’s broader global repair and manufacturing network serving customers worldwide.

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