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Wind

GE Vernova to equip Greenvolt Wind Farm in Romania with 42 turbines

4 min read
  • Wind farm will use 42 of GE Vernova’s 6.1 MW–158m workhorse wind turbines

  • Project will produce approximately 252 MW, making it one of the largest in Romania

  • Deal shows continued customer support for GE Vernova’s workhorse strategy in Europe

BUCHAREST, Romania (October 16, 2025) - GE Vernova Inc. (NYSE: GEV) announced today that it has entered into an agreement with Greenvolt International Power to supply, install and commission 42 of its 6.1 MW–158m* onshore wind turbines to power the Ialomiţa wind farm in Ialomiţa, Romania. The wind farm will be capable of producing approximately 252 MW, supporting Romania’s goal of adding significantly more renewable energy by 2030.

The Ialomiţa deal was booked in the third quarter of 2025, and deliveries of the wind turbines for the project are scheduled to begin in 2026. The wind farms will generate enough electricity to power the equivalent of more than 110,000 homes and business annually in Romania.

Gilan Sabatier, Chief Commercial Officer for GE Vernova’s Onshore Wind business in International Markets, said “We appreciate the confidence that Greenvolt has shown in GE Vernova’s teams and our technology.  This project reinforces the value of our workhorse product strategy and demonstrates our ability to add value for customers in Romania and across Europe.”

GE Vernova's Onshore Wind has a total installed base of approximately 57,000 turbines and nearly 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 at scale that drives decarbonization through high-quality, affordable, and sustainable renewable energy.

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*Note to Editors: GEV’s 6.1 MW turbine with a 158-meter rotor is what we refer to as the 6.1 MW–158m.

end

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification and Wind 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.

GE Vernova’s Wind segment is focused on delivering a suite of wind products and services to help accelerate a new era of energy by harnessing the power of wind. Technologies provided to customers include the next generation high efficiency 3-megawatt onshore wind turbine and the Haliade-X offshore wind turbine platform, as well as maintenance solutions and life extension optionality.

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.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova

GE Vernova study delivers a roadmap for how Italy can still meet 2030 and 2050 climate targets

6 min read
  • White paper sets out two scenarios for Italy’s power sector, showing that only accelerated renewable deployment, storage, and grid investment can deliver climate goals on time. 

  • In this white paper, GE Vernova proposes a roadmap for how to still meet 2030 and 2050 targets. Two futures, two outcomes: Only a Renewable Ambition pathway enables Italy to meet both 2030 and 2050 targets. A Business-as-Usual trajectory risks missing 2030, driving higher costs and greater reliance on imports.

  • Grid as the decisive factor: Without urgent transmission upgrades, Italy could waste 82 TWh of renewable energy by 2050 – approximately 16% of national demand.

MILAN, ITALY (October 15, 2025) — Italy’s energy future is at a crossroads. A new white paper from GE Vernova (NYSE: GEV), Navigating the Energy Transition: Pathways to Net Zero in Italy, shows that while the country is at risk of missing its 2030 goals, a clear roadmap can deliver both 2030 and 2050 climate targets — if decisive action is taken now.

Recent analyses across Italy’s energy sector warn the country is not on track for near-term milestones, and they set out the reasons: renewables are growing too slowly, grid capacity is constrained, and permitting remains a bottleneck. GE Vernova’s study provides a roadmap for how Italy can still meet its targets, with two quantified scenarios that highlight the choices ahead.

“2030 is Italy’s make-or-break moment,” said Jim Walsh, Vice President of GE Vernova’s Consulting Services. “This study provides a roadmap to success: the numbers, the scenarios, and the solutions that show how Italy can still achieve its decarbonization goals, while capturing the economic and industrial benefits of the transition.”

With electricity demand expected to rise by 60% by 2050 due to electrification, the study evaluates two scenarios for Italy’s power sector:

  • Renewable Ambition: This pathway requires wind and solar capacity to double to 90-100 GW by 2030 and expand to approximately 200 GW by 2050. It also calls for at least 40 GW of battery energy storage, 13–17 GW of CCGTs with carbon capture, 8 GW of nuclear SMRs, and urgent completion of the Hypergrid transmission projects. This technology mix, along with some other critical permitting and regulation enablers, is a pathway that achieves both 2030 and 2050 climate targets. 

  • Business-as-Usual: A slower trajectory for renewable growth combined with heavier reliance on CCS, hydrogen-capable gas, and imports. Italy may still achieve net zero by 2050 but will miss 2030, exposing the system to higher costs and greater dependency on external supply.

The grid is the decisive factor. Without accelerated transmission upgrades, renewable curtailment could reach 82 TWh annually by 2050—equivalent to approximately 16% of projected national demand. Even with Terna’s planned Hypergrid projects, additional reinforcements will be required to bridge the gap between renewable-rich southern regions and demand-heavy northern centers.

The economic stakes are significant. A slower trajectory would increase reliance on imports, heighten consumer exposure to volatile fuel costs, and may undermine Italy’s industrial competitiveness.

The full white paper is available here.

GE Vernova is a key player in Italy’s energy transition having enabled power generation in Italy for more than 100 years. Currently, approximately 25% of Italy’s power capacity is being provided using GE Vernova technology.MILAN, ITALY (October 15, 2025) — Italy’s energy future is at a crossroads. A new white paper from GE Vernova (NYSE: GEV), Navigating the Energy Transition: Pathways to Net Zero in Italy, shows that while the country is at risk of missing its 2030 goals, a clear roadmap can deliver both 2030 and 2050 climate targets — if decisive action is taken now.

Recent analyses across Italy’s energy sector warn the country is not on track for near-term milestones, and they set out the reasons: renewables are growing too slowly, grid capacity is constrained, and permitting remains a bottleneck. GE Vernova’s study provides a roadmap for how Italy can still meet its targets, with two quantified scenarios that highlight the choices ahead.

“2030 is Italy’s make-or-break moment,” said Jim Walsh, Vice President of GE Vernova’s Consulting Services. “This study provides a roadmap to success: the numbers, the scenarios, and the solutions that show how Italy can still achieve its decarbonization goals, while capturing the economic and industrial benefits of the transition.”

With electricity demand expected to rise by 60% by 2050 due to electrification, the study evaluates two scenarios for Italy’s power sector:

  • Renewable Ambition: This pathway requires wind and solar capacity to double to 90-100 GW by 2030 and expand to approximately 200 GW by 2050. It also calls for at least 40 GW of battery energy storage, 13–17 GW of CCGTs with carbon capture, 8 GW of nuclear SMRs, and urgent completion of the Hypergrid transmission projects. This technology mix, along with some other critical permitting and regulation enablers, is a pathway that achieves both 2030 and 2050 climate targets. 

  • Business-as-Usual: A slower trajectory for renewable growth combined with heavier reliance on CCS, hydrogen-capable gas, and imports. Italy may still achieve net zero by 2050 but will miss 2030, exposing the system to higher costs and greater dependency on external supply.

The grid is the decisive factor. Without accelerated transmission upgrades, renewable curtailment could reach 82 TWh annually by 2050—equivalent to approximately 16% of projected national demand. Even with Terna’s planned Hypergrid projects, additional reinforcements will be required to bridge the gap between renewable-rich southern regions and demand-heavy northern centers.

The economic stakes are significant. A slower trajectory would increase reliance on imports, heighten consumer exposure to volatile fuel costs, and may undermine Italy’s industrial competitiveness.

The full white paper is available here.

GE Vernova is a key player in Italy’s energy transition having enabled power generation in Italy for more than 100 years. Currently, approximately 25% of Italy’s power capacity is being provided using GE Vernova technology.

end

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Philanthropy

GE Vernova and PROTEC celebrate graduation of Next Engineers: Engineering Academy class

7 min read
  • 43 learners graduate from programme designed to inspire the next generation of engineers

JOHANNESBURG, South Africa (October 10, 2025) – Next Engineers, a global college- and career-readiness programme working to increase the opportunities for young people in engineering, celebrated the graduation of 43 learners from the Engineering Academy in Johannesburg, South Africa. The graduation ceremony, held at The University of the Witwatersrand, Johannesburg, marked the programme’s second graduating class and highlights its contribution towards bridging the science, technology, engineering and mathematics (STEM) skills gap in the country through exposing learners to hands-on engineering experiences and career pathways.

The 43 learners, representing 15 high schools across Johannesburg, were joined by their families to celebrate their achievements. Many of these learners plan to pursue engineering-related qualification at universities and technical institutions. Launched in 2022, PROTEC, University of Witwatersrand, and Kutitiva Foundation are the educational partners for the local Next Engineers programme. GE Vernova engineers and employees play an active role by engaging with Engineering Academy participants through hands-on, skill-based volunteering. In the 2024 calendar year, its Johannesburg-based employees donated over 680 hours to these efforts.

“We are delighted to celebrate the achievements of this year’s graduates and commend their dedication to pursuing careers in engineering,” said Matsi Eseu, South Africa HR Director for GE Vernova. “Supporting young talent through programmes like Next Engineers is central to GE Vernova’s mission. In Johannesburg, we see first-hand how these opportunities empower students to unlock their potential and contribute to solving real-world challenges. We are honored to play a role in shaping a more dynamic future for engineering in South Africa.”

Learners who complete the Engineering Academy program and enroll in a qualified engineering or engineering-related degree programme receive financial aid to support them as they continue on their paths to becoming engineers. To date, the Next Engineers programme in Johannesburg has reached nearly 4,100 learners and awarded $36,000 in scholarships to qualifying graduates. In addition, locally, GE Vernova awarded an additional $83,000 in scholarships to ten graduates through the country’s External Bursary Programme.

Dr. Nomalungelo Gina, Deputy Minister of Science, Technology, and Innovation, said: “I applaud PROTEC for its role in promoting STEM education and helping to develop a cohort of young people who represent the core of our future workforce. You have chosen to be the bridge between potential and opportunity for many young people in our country. You reach places that, for a variety of reasons, government programmes may not always reach - our rural communities, under-resourced schools, and marginalized groups. Your programmes continue to ignite curiosity, nurture the raw talent and open doors for young people who would otherwise be left behind. Your mentorships, youth clubs, bootcamps, and your efforts to bring scientific experiments and floating laboratories to those who have never seen a science laboratory in their lives is a transformative experience. You have helped a young girl in a village believe she can be an engineer and shown a boy from the township that coding is not only for those in affluent urban centres; careers in engineering are meant for them as well. Let us therefore commit, collectively, to building the science, technology, and engineering foundations that will carry our continent into a future we will co-create. As government, we are your ally; we do not see you as gap-fillers, but as catalysts for transformation.”

“We’re proud to celebrate the accomplishments of this year’s Engineering Academy graduates. Their drive and curiosity exemplify the promise of South Africa’s next generation of engineers,” said Balan Moodley, CEO of PROTEC. “We are grateful to GE Vernova for their vision and commitment in making this program possible. Together, we have helped deliver opportunities that have contributed to empowering young minds."

STEM training and education, such as Next Engineers, is helping to solve global challenges while also lifting up communities through economic opportunities. GE Vernova’s commitment to nurturing future STEM talent in South Africa extends beyond Next Engineers: through its External Bursary Programme, the company has provided comprehensive bursaries totaling $7.3 million (R128.5 million) to more than 900 beneficiaries pursuing Bachelor’s degrees in Science, Commerce, and Arts since 2020 to date. These bursaries help alleviate the financial burden for tertiary students, covering tuition, accommodation, textbooks, and monthly stipends for the duration of their studies.

For more information about Next Engineers and the Engineering Academy, visit NextEngineers.org.

###

About Next Engineers
Next Engineers, a program originally funded by the GE Foundation in 2021, now known as the GE Aerospace Foundation, is a college- and career-readiness program dedicated to inspiring and preparing the next generation of engineers. Through innovative programs, mentorship, and community partnerships, we empower young minds to shape a better future through engineering.

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 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. Learn more: GE Vernova, GE Vernova in Middle East & Africa, and LinkedIn.

The GE Vernova Foundation supports the Next Engineers in Johannesburg, South Africa under an arrangement with the GE Aerospace Foundation.

About PROTEC
PROTEC was established in 1982 by a group of engineers from the South African Institute of Civil Engineers to respond to the challenges facing the education system and to address representation across all socio-economic and racial groups in STEM careers. To date, PROTEC has seen more than 40,000 learners complete the Learner Excellence Programme. Based in Randburg, PROTEC has 17 branches and projects in 6 out of the 9 provinces. Our aim is to extend the programme to all 9 provinces. The programme targets learners from Grade 4 to Grade 12 in specifically Science, Mathematics, and English. Teachers who teach these subjects as well as coding and robotics, benefit from development and support that uses a centre-based and classroom support model. Find us on www.protec.org.za, Facebook, LinkedIn and Instagram.

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© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Nuclear Power

GE Vernova Hitachi Nuclear Energy and Samsung C&T form strategic alliance to advance deployment of the BWRX-300 small modular reactor

7 min read

WILMINGTON, North Carolina (October 7, 2025) – GE Vernova Hitachi Nuclear Energy (GVH) and Samsung C&T, a leading construction and engineering company, have announced a strategic alliance to advance the deployment of the BWRX-300 small modular reactor (SMR) in strategic global markets, outside North America. The two companies will focus their collective efforts on developing the supply chain and project delivery solutions for GVH’s SMR. Further, they will work together in the potential deployment of five BWRX-300s in Sweden.

“With the first unit of our BWRX-300 under construction in Canada, we are well positioned to lead the deployment and scale of the SMR industry,” said Maví Zingoni, CEO Power, GE Vernova. “This collaboration with a leading player like Samsung C&T, which has a solid track-record of helping to deliver nuclear projects safely, on-time and on-budget, will further strengthen the BWRX-300 position among the most advanced, deployment ready, and lowest risk SMR technology available today.”

“This agreement marks a strategic collaboration where Samsung C&T and GVH aim to become global leaders in the nuclear power segment. The collaboration will capitalize on Samsung C&T's extensive experience in nuclear power and infrastructure project execution, combined with GVH's validated technological expertise,” added Se-chul Oh, Samsung C&T CEO.

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.

Additionally, 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; and Orlen Synthos Green Energy (OSGE) has selected Włocławek as the site for Poland’s first SMR. In Sweden, Vattenfall has down-selected the BWRX-300 as it evaluates the construction of new reactors adjacent to its Ringhals plant site on the Värö Peninsula.

Each BWRX-300 can provide approximately 300 MW of electricity, enough to produce the equivalent electricity needed to power 300,000 homes while significantly reducing the complexity and cost associated with traditional nuclear reactors.

Samsung C&T’s Engineering & Construction Group has more than 40 years of engineering and construction experience operating throughout the world. The group spans commercial and residential buildings, civil infrastructure and plant construction. Its landmark projects include Burj Khalifa - the world’s tallest building, the ongoing Riyadh Metro Project in Saudi Arabia, the Qurayyah 4,000MW CCPP Project, and the ongoing Qatar 2,000MW Solar Power Project.  In the nuclear energy sector, the company has successfully delivered 12GW across 10 units, including the 5.6GW Barakah Nuclear Power Plant in the UAE. It has recently undertaken the Nuclear Power Plant refurbishment project and Front-End Engineering Design (FEED) for Small Modular Reactors (SMRs), demonstrating its global competitiveness in large-scale reactor and SMR technologies, and solidifying its expertise across all areas of the nuclear industry.

###

Notes to editors - image captions
Image 1
Maví Zingoni, CEO Power, GE Vernova, and Se-chul Oh, Samsung C&T CEO.

Image 2
(left to right) Jason Cooper, CEO Advanced Nuclear, GVH; Se-chul Oh, Samsung C&T CEO; Maví Zingoni, CEO Power, GE Vernova; Jung E. Kim, SVP, Nuclear Sales & Business Development, Samsung C&T.

end

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification and Wind 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 GE Vernova Hitachi Nuclear Energy

GE Vernova’s Nuclear energy business, through its global alliance with Hitachi, is a world-leading provider of nuclear fuel bundles, 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.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova to announce third quarter 2025 financial results on October 22

2 min read

CAMBRIDGE, Mass. (October 6, 2025) – GE Vernova Inc. (NYSE: GEV) is scheduled to release its third quarter 2025 financial results on Wednesday, October 22, 2025, 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/ge-vernova-3rd-quarter-2025-earnings-webcast.

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.

end

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification and Wind 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.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Nuclear Power

Global Nuclear Fuel introduces next generation fuel product

4 min read

WILMINGTON, North Carolina (October 6, 2025) – Global Nuclear Fuel (GNF, a GE Vernova-led alliance with Hitachi, Ltd.) today announced the introduction of GNF4, a next generation nuclear fuel product built on a 60-year legacy of boiling water reactor (BWR) fuel design innovation and performance.

The 11x11 GNF4 product builds upon the operating history of GNF2 and GNF3 and features two advanced components that are licensed by the U.S. Nuclear Regulatory Commission: Ziron cladding and aluminosilicate doped uranium dioxide pellets.

Ziron cladding was developed to better resist corrosion, ensuring that fuel remains safe and reliable and is an enhancement to the Zircaloy 2 cladding that has been utilized in more than 175,000 GNF fuel assemblies worldwide. Aluminosilicate doped uranium dioxide pellets add an extra layer of reliability. GNF4 will also utilize GNF’s proprietary NSF channel material and Defender+ debris filter.

“GNF4 is engineered to provide plant operators with lower fuel costs per megawatt hour through increased performance and reliability,” said Craig Ranson, Installed Base CEO, GE Vernova Hitachi Nuclear Energy. “Our engineering and supply chain teams are leveraging their BWR expertise to introduce this next generation fuel.” 

GNF4 is being fabricated at GNF’s manufacturing facility in Wilmington, NC. The first lead use assemblies of GNF4 are contracted for deployment in 2026 and full reload quantities are expected to be available in 2030.  

GNF provides a wide range of services to support nuclear power plants including expert core and fuel cycle engineering, reload licensing and core management services, predictive reports and fuel reliability risk assessments, cyber-secure core monitoring and fleet analytics, fuel examination services and consulting on reactor operations and long-term fuel storage. 

end

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification and Wind 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 GE Vernova Hitachi Nuclear Energy

GE Vernova’s Nuclear energy business, through its global alliance with Hitachi, is a world-leading provider of nuclear fuel bundles, 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.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Investor Relations

GE Vernova declares fourth quarter 2025 dividend

3 min read

CAMBRIDGE, Mass. (September 25, 2025) – GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.25 per share quarterly dividend. The quarterly dividend will be payable on November 17, 2025, to shareholders of record as of October 20, 2025.

Future dividend declarations will be made at the discretion of the Board of Directors and will be based on GE Vernova’s earnings, financial condition, cash requirements, prospects, and other factors.

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.

Additional Financial Information

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

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, such as statements about possible future dividend declarations and payments. Forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from current expectations. These risks, uncertainties, and factors include those discussed in our most recent Annual Report on Form 10-K and in our subsequently filed Quarterly Reports on Form 10-Q, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operation" sections included therein, as may be updated from time to time in our filings with the U.S. Securities and Exchange Commission and as posted on our website at www.gevernova.com/investors/fls. GE Vernova does not undertake any obligation to update or revise its forward-looking statements except as required by law or regulation.

end

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification and Wind 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.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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Advanced Research

GE Vernova to deploy pioneering Direct Air Capture technology at Deep Sky Alpha in Canada

7 min read

NEW YORK CITY (September 24, 2025) – GE Vernova and Deep Sky, the world’s first technology-agnostic carbon removal project developer, announced an agreement to deploy GE Vernova's Direct Air Capture (DAC) technology at Deep Sky Alpha in Alberta, Canada. GE Vernova's technology will be capable of capturing up to 1,500 tons of carbon per year. With operations scheduled to begin by late 2026, Alpha will deploy GE Vernova’s proprietary solid sorbent technology, developed and rigorously tested at the company’s Advanced Research Centers.

Located in Innisfail, Alberta, Deep Sky Alpha is the world’s first cross-technology carbon removal hub which became operational in August 2025.

“We are excited about this first-of-its-kind collaboration, which marks an important step in advancing GE Vernova’s scalable, energy-efficient DAC solutions,” said Brian Moran, Executive Director of GE Vernova’s DAC program. “While the technology and industry are still emerging, collaborations like this, built on shared ambition and complementary strengths, have the potential to transform the future of carbon removal.”

GE Vernova DAC solutions couple innovative technology with resilient global supply chains that enable rapid deployment, as well as integrated systems engineering that improves energy use, harnesses waste heat, and ensures reliable operations at scale.

To further support the success of the Deep Sky Alpha project and future deployments, GE Vernova recently commissioned a 10-ton per year DAC test facility at their Advance Research Center in Niskayuna, New York. This system will play a pivotal role in demonstrating the capabilities of both the sorbent materials and the overall DAC technology, building confidence in its reliability and performance at the pilot stage and laying the groundwork for successful commercial-scale deployment.

“Deep Sky is the only place in the world offering end-to-end deployment, operations, renewable power and CO2 storage for DAC technologies, all in real world conditions,” said Alex Petre, CEO of Deep Sky. “GE Vernova entering this space underscores the growing momentum and urgency for DAC as a climate solution. We’re proud to welcome their unit to Deep Sky Alpha and to serve as the proving ground that sets the pace for the industry’s growth.”

The collaboration between Deep Sky and GE Vernova represents an important first step in deploying this innovative technology at speed and scale. It sets the foundation for future commercial-scale DAC projects in Canada, and internationally, as both organizations focus on the scale-up and industrialization of these solutions.

Together, GE Vernova and Deep Sky are committed to developing and deploying cutting-edge carbon dioxide removal (CDR) technologies. High-quality CDR is essential for achieving emissions goals. DAC removes carbon dioxide (CO₂) directly from the atmosphere using chemical processes. Unlike capturing emissions at their source (like power plants or industrial facilities), DAC removes CO₂ from ambient air, which makes it useful for addressing residual emissions and emissions from sources that are hard-to-abate, such as aviation, shipping, or heavy industry.

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About Deep Sky
Montreal-based Deep Sky is the world's first tech-agnostic carbon removal project developer aiming to remove gigatons of carbon from the atmosphere and permanently store it underground. As a project developer, Deep Sky brings together the most promising direct air and ocean carbon capture companies under one roof to bring the largest supply of high quality carbon credits to the market, commercializing and catalyzing carbon removal and storage solutions like never before. With $130M in funding, Deep Sky is backed by world class investors including Investissement Québec, Brightspark Ventures, Whitecap Venture Partners, OMERS Ventures, BDC Climate Fund, Breakthrough Energy Catalyst, BMO, National Bank of Canada, and more. For more information, visit deepskyclimate.com.

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About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification and Wind 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.

GE Vernova’s Advanced Research business is an innovation powerhouse, operating at the intersection of science and creativity to turn cutting edge research into impactful realities. Advanced Research collaborates with GE Vernova’s businesses across a broad range of technical disciplines to accelerate the energy transition.

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.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

Captions:

  • Photo 1: GE Vernova’s recently commissioned DAC test facility located at the company’s new Advanced Research Center in upstate New York captures up to 10 tons of CO₂ from the air each year.
  • Photo 2 The GE Vernova DAC test facility plays a critical role in showcasing the performance of GE Vernova’s DAC technology and advancing innovation toward cost-effective, high-impact carbon removal solutions.
  • Photo 3: The GE Vernova DAC test facility is engineered for high operational flexibility, enabling rapid design comparisons under consistent conditions.

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GE Vernova DAC test facility - see caption photo 1 below
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GE Vernova DAC test facility - see caption photo 2 below
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GE Vernova DAC test facility - see caption photo 3 below
Image credit: GE Vernova
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Montreal-based Deep Sky Alpha facility
Image credit: Deep Sky Alpha
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Dalia Rashid
GE Vernova | Communications, Americas
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Onshore Wind

GE Vernova announces onshore wind turbine order with Enertrag in Germany

5 min read
  • The project will feature seven GE Vernova 5.5MW –158m workhorse turbines

  • Deal reinforces value of GE Vernova’s Workhorse Product Strategy for Germany

  • Project to use GE Vernova’s manufacturing facility in Salzbergen

SALZBERGEN, Germany (September 17, 2025) - GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement with Enertrag to provide seven 5.5MW-158m turbines produced at its factory in Salzbergen, Germany. The deal was booked in the second quarter of 2025. The workhorse turbines will be installed at the Bonacker wind farm in Nordrhein-Westfalen in western Germany.

The deal is the second new order in Germany that the company announced at the Husum Wind Fair, following an order for Prokon made public yesterday.

Gilan Sabatier, Chief Commercial Officer for GE Vernova’s Onshore Wind business in International Markets, said, “We are pleased to have the opportunity to once again support Enertrag as they work to bring online more wind power in support of their efforts to advance the energy transition. The latest project builds on our long-standing relationship and reflects the value they see in our workhorse product strategy. Drawing on our industrial footprint in Salzbergen, we are well positioned to execute that strategy as we work to meet Enertrag’s needs and those of other customers in Germany.”

Bastian Altrichter, Senior Vice President Procurement ENERTRAG SE, said, “The Bonacker project marks an important milestone for ENERTRAG in North Rhine-Westphalia and demonstrates the value of investing beyond our traditional regions. We are pleased to continue our long-standing partnership with GE Vernova to further advance the energy transition. Building on our shared experience, we look forward to a smooth project execution and are confident that the new turbines will contribute significantly to a reliable and sustainable energy supply.”

GE Vernova’s Wind segment has a strong manufacturing presence in Germany with a 70,000 square meter facility in Salzbergen that manufactures machine heads, drive trains, and hubs for the workhorse turbines it provides to customers in Germany and elsewhere in Europe and Asia.

Germany installed approximately 3.2 GW of onshore wind in 2024 and is expected to accelerate the development of onshore wind as part of its plan to get up to 80 percent of its power from renewable energy resources by 2030.

GE Vernova has a total installed base of approximately 57,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers the next-generation high-powered turbines at scale that drives decarbonization through high-quality, affordable, and sustainable renewable energy.

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*Note to Editors: GE Vernova’s 5.5 MW turbine with a 158-meter rotor is what we refer to as the 5.5MW-158m.

end

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification and Wind 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.

GE Vernova’s Wind segment is focused on delivering a suite of wind products and services to help accelerate a new era of energy by harnessing the power of wind. Technologies provided to customers include the next generation high efficiency 3-megawatt onshore wind turbine and the Haliade-X offshore wind turbine platform, as well as maintenance solutions and life extension optionality.

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.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova's onshore workhorse turbine
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Onshore Wind

GE Vernova announces onshore wind turbine order with Prokon in Germany

6 min read
  • The project will feature eight GE Vernova 6MW –164m workhorse turbines

  • The deal reflects the success of GE Vernova´s “Workhorse Product Strategy” including a high reliability and availability of the GE Vernova onshore wind fleet in Germany

  • Project leverages GE Vernova’s manufacturing facility in Salzbergen

SALZBERGEN, Germany (September 16, 2025) - GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement with Prokon Regenerative Energien eG to repower a wind farm with eight 6MW-164m turbines produced at its factory in Salzbergen, Germany. The deal was booked in the second quarter of 2025. The workhorse turbines will be installed in the Fleetmark community in Sachsen-Anhalt, Germany.

Gilan Sabatier, Chief Commercial Officer for GE Vernova’s Onshore Wind business in International Markets, said, “We are pleased to once again work with Prokon to support their strategy to grow the profitable generation of renewable power and advance Germany’s broader renewable energy goals. Repowering existing sites produces more power from current wind farms, strengthening their ability to meet local energy needs in a sustainable manner. With our industrial footprint in Salzbergen, we are well positioned to serve our customer´s needs to grow Germany’s onshore wind power production.”

Katharina Beyer, Board Member for Project Development at Prokon, added: “As an energy cooperative, our ambition is to implement projects that are ecologically sound, economically viable, and transparent for the local communities. Our experiences in Friedersdorf and Langenbach have shown that GE Vernova’s turbines operate reliably and deliver stable yields. On this basis, we have again chosen this turbine type for our Fleetmark project. For us, what matters is not only the technology itself but also a professional and constructive collaboration throughout the entire planning and construction process. Together, we are laying the foundation to reliably supply our members and customers with clean electricity and therefore make a tangible contribution to the German energy transition.”

GE Vernova’s Wind segment has a strong manufacturing presence in Germany with a 70,000 square meter facility in Salzbergen that manufactures machine heads, drive trains, and hubs for the workhorse turbines it provides to customers in Germany and elsewhere in Europe and Asia.

Germany installed approximately 3.2 GW of onshore wind in 2024 and is expected to accelerate the development of onshore wind as part of its plan to get up to 80 percent of its power from renewable energy resources by 2030.

GE Vernova has a total installed base of approximately 57,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers the next-generation high-powered turbines at scale that drives decarbonization through high-quality, affordable, and sustainable renewable energy.

###

*Note to Editors: GE Vernova’s 6 MW turbine with a 164-meter rotor is what we refer to as the 6MW-164m.

About Prokon
Prokon Regenerative Energien eG, with more than 40,000 members, is one of the largest energy cooperatives in Europe and has been contributing to the energy transition for nearly 30 years. Founded in 1995 and owned by its members since 2015, Prokon focuses on citizen-oriented renewable power generation and supply. The cooperative’s core expertise lies in the development, planning, and operation of onshore wind farms, complemented by the nationwide supply of households with green electricity. In addition, Prokon is expanding into photovoltaics, battery storage, and biomethane. With 77 wind farms and a total capacity of more than 1,000 MW in Germany, Poland, and Finland (as of April 2025), Prokon combines technical know-how with cooperative values to deliver sustainable, community-based energy solutions.

end

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification and Wind 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.

GE Vernova’s Wind segment is focused on delivering a suite of wind products and services to help accelerate a new era of energy by harnessing the power of wind. Technologies provided to customers include the next generation high efficiency 3-megawatt onshore wind turbine and the Haliade-X offshore wind turbine platform, as well as maintenance solutions and life extension optionality.

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.

© 2025 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

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GE Vernova's onshore workhorse turbine
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Tim Brown
GE Vernova | Media Relations, Wind