CAMBRIDGE, MA (September 15, 2025) – MIT and GE Vernova today formally kicked off their unique Energy and Climate Alliance with multiple research and fellowship announcements, career discussions, science displays and more. Bringing GE Vernova’s advanced technology and innovation together with MIT’s world class researchers, the MIT-GE Vernova Energy and Climate Alliance is committed to accelerating cutting-edge technologies and fostering the next generation of power industry leaders.

As part of the Alliance, GE Vernova will provide $50 million over five years to fund MIT research initiatives, student fellowships, and internships, philanthropic causes, as well as educational and professional development programs for GE Vernova leaders. The first 13 of these research initiatives were announced today, which will focus on the areas of Electrification, Decarbonization, Renewables Acceleration and Digital Solutions. The Alliance also announced eight GE Vernova Fellows, who will continue their research at MIT with tuition support from GE Vernova, funding for three master’s students per year through MIT’s Technology Policy Program, and philanthropic partnerships. More details on these three announcements are below.

Leaders and researchers from both organizations celebrated the milestone with a campus event that included MIT alumnae now working at GE Vernova, aiming to attract students considering a career in the energy and climate industries. Scheduled to give remarks at the kickoff events are Anantha P. Chandrakasan, Provost of the Massachusetts Institute of Technology and Vannevar Bush Professor of Electrical Engineering and Computer Science, Dr. Betar Gallant, Kendall Rohsenow Associate Professor of Mechanical Engineering, Faculty Director for the MIT-GE Vernova Energy and Climate Alliance, Massachusetts Secretary of Energy and Environmental Affairs Rebecca Tepper, Massachusetts Secretary of Economic Development Secretary Eric Paley, and GE Vernova CEO Scott Strazik and Chief Corporate Officer Roger Martella.

"The mission of this alliance is ambitious — advancing research, education, and career opportunities that can help shape a more sustainable, energy-efficient future. Through this exciting Alliance, we are already seeing exciting results: new research projects, new graduate fellowships, and new opportunities for our students to lead," said Anantha P. Chandrakasan, MIT Provost, and Vannevar Bush Professor of Electrical Engineering and Computer Science.

“Decarbonizing our energy systems demands new ideas, new tools, and new talent. As of today’s launch, MIT teams are already pursuing bold projects that span disciplines and open new frontiers — and crucially, give our students a chance to learn, contribute, and lead,” said Betar Gallant, Faculty Director of the MIT–GE Vernova Energy and Climate Alliance and Kendall Rohsenow Associate Professor of Mechanical Engineering at MIT.

“The Energy and Climate Alliance represents Massachusetts at its best – putting pioneering companies in the same space as brilliant students and watching innovation take off,” said Massachusetts Energy and Environment Secretary Rebecca Tepper. “We’ve seen time and again, ideas born out of our colleges and universities grow into thriving businesses that employ thousands and solve some of the world’s toughest challenges. Years from now, I look forward to seeing what innovation was started here at MIT today.”

“We’re proud to collaborate with the world’s leading research institution and combine forces to bring tomorrow’s technologies to life faster and solve some of the world’s most pressing challenges,” said GE Vernova CEO Scott Strazik. “Building on our sense of relentless optimism, I’m inspired by MIT’s amazing students and researchers and excited to develop career paths and opportunities for their futures.”

The MIT-GE Vernova Energy and Climate Alliance also include commitments to support philanthropic initiatives, including the MIT Human Insight Collaborative initiative (MITHIC). For 2025-26, GE Vernova’s MITHIC contribution will tackle the shared priority of addressing global energy poverty by supporting the MIT Abdul Latif Jameel Poverty Action Lab (J-PAL), which among other areas is working on an initiative to improve the growth of affordable electricity in South Africa.

Another focus area of the Alliance is the development of future energy leaders, including through donations to the New Engineering Education Transformation program and commitment to supporting MIT interns. GE Vernova has also provided funding and become an official member of critical sustainability, automation/robotics and AI focused programs at MIT, including the Initiative for New Manufacturing, MIT Energy Initiative, MIT Climate and Sustainability Consortium, and Center for Transportation and Logistics. The Alliance will also support critical cross-institution engagements for energy and climate policy development, including funding three Technology and Policy Program research projects annually, and hosting an Annual Symposia.

The slate of 13 new MIT-lead research initiatives will include the following projects:

• Electrification – Focused on building the grid of the future with resilient cutting-edge hardware and software.
  • Professors Samantha Coday and David Perrault’s labs will be addressing the expected power surge demands from datacenters through innovative converter and transformer designs.
  • Professors Priya Donti and Deep Deka’s labs will tackle the ever-changing needs of the electric grid’s constraints and limits in a unified and adaptable approach using AI-based solvers.
  • Professor Marija Illic’s lab will be developing a scalable control and protection framework for stable and optimal grid forming operation.
• Digital - Accelerating design of complex industrial tools and products through AI, multi-robot intelligence and Cyber security infrastructure.
  • Professor Chuchu Fan’s lab will develop autonomous manufacturing and field inspection robots to perform complex/unsafe tasks in place of humans.
  • Professor Faez Ahmed’s lab will seek to develop a physics-aware foundation model to reduce turnaround time of high-fidelity simulations, including a Large-Language Model (LLM) agent to demo on selected component redesigns.
  • Professor Rahul Mazumder’s lab will seek to develop a functional chatbot capable of processing multimodal data and engaging users in interactive dialogue.
  • Professor Pulkit Agrawal’s lab will develop a foundation model for robotic assembly that can support human tasks in manufacturing.
• Decarbonization - Meeting the world’s growing needs for electricity while accelerating breakthroughs in carbon-free energy solutions.
  • Professor Asegun Henry's lab will be exploring the limits of their methane-to-hydrogen process, which uses a unique molten-metal reactor and carbon separator. This process may offer a more economical route to hydrogen production.
  • Professors Ericmoore Jossou and Koroush Shirvan’s labs will be developing a new alloy for next-gen nuclear fuel cladding to withstand extreme heat and radiation. The result would be stronger, longer-lasting fuel components that reduce downtime, lower maintenance costs, and help deliver more affordable, reliable nuclear energy.
  • Professor Ju Li’s lab will be exploring a novel system to convert CO2-derived syngas from solid oxide electrolysis (SOEC) to Ethanol using alternating current electrolyzers, with the goal to reduce CO2 waste.
  • Professors Yogesh Surendranath and Rohit Karnik’s labs seek to develop high-conversion, cost-and energy efficient ammonia cracking through a novel, scalable electrochemical membrane reactor design demo.
• Renewables acceleration - Driving innovation in energy storage, wind power and operational optimization to improve efficiency, reliability, scalability and affordability.
  • Professor Mike Howland’s lab will identify conditions that trigger damaging vibration events for wind blades, with validation from Prof Marcus Hultmark’s experimental work at Princeton University.
  • Professor Cohen Tal’s lab, partnering with Professor John Pojman at Louisiana State University, proposes a more sustainable alternative blade manufacturing process.

The 8 GE Vernova Fellows are as follows:

• Gage Coon, Department of Earth, Atmospheric, and Planetary Sciences
  • Research focus: Designing microbial and geochemical systems that are scalable, cost-effective, and compatible with existing waste streams or geologic formations.
• Kevin Hsu, Department of Urban Studies and Planning
  • Research focus: Understanding systemic barriers that slow, stall, or stop outright the delivery of clean energy projects and finding ways of surmounting these challenges.
• Nicolas Tricard, Department of Mechanical Engineering
  • Research focus: Physics-informed and data-driven inverse modeling of gas-phase reacting systems.
• Owen Mylotte, Department of Nuclear Science and Engineering
  • Research focus: Developing an open source, high performance neutron transport software targeted at improving the ease and efficiency with which new reactors can be designed and deployed to market.
• Julia Estrin, Department of Electrical Engineering and Computer Science
  • Research focus: Developing high-voltage, high-efficiency, and high-frequency power electronics that will help form the foundation of an electrified grid.
• Aaron Langham, Department of Electrical Engineering and Computer Science
  • Research focus: Applying advanced signal processing, physical modeling, and computer systems to create new physically trustworthy power monitoring capabilities that provide actionable information for operating electric grids
• Hannah Grauer, Center for Computational Science and Engineering
  • Research focus: Advancing deep learning and physics-informed methods for more accurate and interpretable satellite-based emissions quantification.
• Jack Morris, Institute for Data, Systems, and Society
  • Research focus: Developing energy system optimization models to identify pathways to more affordable, reliable and clean electric power systems.

Technology Policy Program awardees are:

• Michelena O’Rourke, Department of Electrical Engineering and Computer Science
  • Research focus: Developing a Digital Twin to model and analyze electricity markets.
• Jason Frost, Institute for Data, Systems, and Society
  • Research focus: Modeling the generation interconnection process to rapidly evaluate and develop interconnection reforms that accelerate deployment of clean energy resources.
• Martin Staadecker, Institute for Data, Systems, and Society
  • Research focus: Understanding how companies report their greenhouse gas emissions, especially supply chain emissions.

The selected projects were reviewed and approved through a joint process led by MIT faculty and GE Vernova's Advanced Research Center lead researchers.

The MIT-GE Vernova Energy and Climate Alliance is managed through MIT’s Office of Innovation and Strategy, bringing together faculty, researchers, and students to address some of the most pressing challenges in energy and climate technology. Beyond research, the collaboration will play a vital role in developing the energy sector’s future workforce. Through fellowships, research support, and internships, MIT students will gain hands-on experience at GE Vernova’s global facilities tackling real-world energy challenges. A dedicated career exploration program will further connect MIT students and faculty with opportunities across GE Vernova’s global teams.

To foster interdisciplinary dialogue, MIT and GE Vernova will host an annual symposium in February 2026 on the MIT campus, bringing together thought leaders, students, and industry experts to present research results and explore cross-cutting solutions in energy, climate, and technology policy.

CAMBRIDGE, Mass. / SAN FRANCISCO & FORT WORTH, Texas (September 11, 2025) – GE Vernova Inc. (NYSE: GEV) and TPG, a leading global alternative asset management firm, announced today the signing of a binding agreement confirming the intent under which TPG will acquire GE Vernova’s Proficy® manufacturing software business (“Proficy”) for $600 million. GE Vernova may receive additional sale proceeds in the future depending on various outcomes and conditions. TPG will invest in Proficy through TPG Capital, the firm’s U.S. and European private equity platform.

The proposed transaction would establish Proficy as a standalone software business that helps its more than 20,000 customers manage complexity, enable greater efficiency, and improve connectivity across their industrial operations. Proficy’s software portfolio solves industrial challenges across discrete, process, and hybrid manufacturing, as well as metro transit and other infrastructure applications. Its fully integrated solutions include cloud-based and on-prem HMI/SCADA, MES, industrial data management, and analytics, offering architectural flexibility from equipment to the production line, plant, and full enterprise. In partnership with TPG, Proficy would continue to deliver enhanced and expanded offerings that meet the evolving needs of teams across the broader manufacturing and infrastructure sectors. This manufacturing software business currently comprises approximately 20% of GE Vernova’s Electrification Software revenues.

“We are excited to reach this agreement with TPG to position the Proficy business for independent success, while also generating significant proceeds for GE Vernova to reinvest in our core businesses,” said Scott Strazik, CEO of GE Vernova. “The Proficy portfolio provides critical tools for manufacturing and production customers around the world, and I’m confident that TPG will help this important business continue to grow and meet the expanding needs of the industry. GE Vernova remains focused on delivering solutions to help customers electrify and decarbonize the energy ecosystem, including growing GridOS®, our enterprise software and AI platform for grid orchestration. We recently expanded GridOS through our acquisition of Alteia, an AI computer vision and machine learning company, as we continue to position that business for the future.”

“Manufacturing is undergoing a renaissance driven by customers’ need to increase throughput, optimize operations, and augment workforces. Proficy’s mission-critical, integrated, and increasingly AI-enabled solutions are leading the way, enabling customers to run, monitor, and improve the production process,” said Art Heidrich, Partner at TPG. “We are excited to partner with GE Vernova and Proficy’s leadership team to accelerate growth and power customers’ digital evolutions.”

TPG has deep experience executing corporate carveouts to support and grow innovative software businesses, with investments that have included Boomi, Elite, Everfox, Hospitality Solutions, McAfee, and Wind River.

Upon the successful completion of the proposed transaction, TPG would own and control the Proficy business and GE Vernova would retain a board observer seat. The proposed transaction is subject to information and consultation with employee representatives and other customary closing conditions, including certain regulatory approvals, and is expected to close in the first half of 2026.

Evercore and Morgan Stanley & Co. LLC are serving as financial advisors to GE Vernova. Centerview Partners LLC is serving as lead financial advisor to TPG, and William Blair is also serving as financial advisor to TPG.

###

About TPG
TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $261 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.

Forward-Looking Statements
This press release 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, the expected completion of the disposition of its Proficy Software business, the expected proceeds to be realized from such disposition and the use thereof, any potential future additional value to be realized in connection with such disposition and the performance of Proficy Software, 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 GE Vernova’s business operations, financial results and financial position and on the global supply chain and world economy.

Cambridge, MA (September 8, 2025) - Today, GE Vernova Inc. (NYSE: GEV) announced the launch of PlanOS, a unified software suite designed to empower energy planners, utilities, and regulators with an integrated system planning platform for a smarter grid of the future. Built on decades of real-world modeling expertise and developed in close collaboration with system operators globally, PlanOS provides a modular yet deeply integrated environment to unlock faster iteration and better decision making.

With the energy transition accelerating and grid systems growing increasingly complex, the need for smarter, faster, and more holistic planning has never been greater. Traditional planning tools are siloed, disjointed, and slow to adapt to the challenges posed by renewable integration, electrification, and decarbonization. PlanOS was created to address this gap.

“Grid planners today face unprecedented complexity - the grid is undergoing significant transformations that are reshaping how we plan for reliability, resilience, and affordability,” said Jim Walsh, Vice President, GE Vernova’s Consulting Services. “PlanOS gives planners the unified environment they need to simulate, iterate, and act - confidently.”

Four Engines, One Platform

At the heart of PlanOS are four core simulation engines, all built on a shared data architecture:

• Power Flow: High-fidelity steady-state and dynamic analysis, including contingency studies, transmission planning, and interconnection analysis.
• Resource Adequacy: Industry-leading fidelity and integration to assess system reliability under a wide range of conditions, integrating weather, outages, and grid constraints.
• Production Cost: High-speed, extensible and integrated simulation linking investment with real-world dispatch and emissions.
• Capacity Expansion: Unique optimization engine to test multiple policy, technology, and demand futures - enabling robust, least-regret investment decisions.

Together, these engines allow users to run complex, interconnected studies in a single environment, with a unified dataset model, streamlining workflows and dramatically reducing time to insight.

Performance Meets Practicality

Built with high-performance computing at its core, PlanOS delivers results in a fraction of the time compared to legacy tools. Open APIs, scripting support, and a modular architecture make it both powerful and flexible - meeting the diverse needs of planners across markets and geographies.

“We didn’t start by building a product - we started by solving real planning problems,” said Gagan Porwal, Chief Operating Officer and Head of Software, GE Vernova’s Consulting Services. “PlanOS is the product of decades of experience and global collaboration. It’s been purpose-built and stress-tested - by planners, for planners.”

To learn more please visit: www.gevernova.com/consulting/planos

DUBLIN, IRELAND (September 8, 2025) – Electricity Supply Board (ESB) of Ireland and GE Vernova (NYSE: GEV) have announced a major life extension and modernization project for the Dublin Bay power plant, aimed at enhancing performance, reliability, increasing output, and supporting Ireland’s energy transition goals in line with ESB’s Net Zero by 2040 carbon emissions strategy.

Under a new contractual service agreement, GE Vernova will implement its GT26 High Efficiency (HE) upgrade along with its SEMIPOL^TM technology for Static Excitation Equipment (SEE) and Startup Frequency Converter (SFC). This life extension project is expected to be completed in 2026.

Commissioned in 2002, the Dublin Bay facility currently generates up to 415 Megawatts (MW) using a single -shaft GT26 gas turbine.

The major life extension project is expected to deliver:

·       Up to 30 MW of additional power, which is the power needed to supply the equivalent of approximately approximately 30,000 Irish homes annually

·       Efficiency gains of up to 1.8% at baseload, leading to 5% carbon dioxide (CO2) reduction

·       Improved grid stability through advanced excitation and frequency conversion systems

·       Lower carbon intensity, supporting ESB’s decarbonization strategy and enabling future use of hydrogen fuel blends.

“Although Dublin Bay is already one of our most efficient plants, we saw an opportunity in having an even more important role in delivering our Net Zero carbon emissions strategy by further enhancing its performance, reliability and sustainability.” said Arkadiusz Galant, Dublin Stations Manager, ESB. “Our life extension project in 2026 will help us to deliver more power allowing us to provide electricity for Irish households over the next decade while being more efficient with lower emissions and enabling possible future hydrogen blends.”

“This project builds on our long-standing partnership with ESB,” said Joseph Anis, President and CEO of GE Vernova's Gas Power business in Europe, Middle East, and Africa “The GT26 HE upgrade and SEMIPOL™ technologies will not only increase output and efficiency but also provide the flexibility and reliability needed to support Ireland’s evolving energy landscape.”

About the GT26 HE Upgrade
Introduced in 2019 to support the utilization and competitiveness of the GT26 gas turbine, this upgrade integrates advanced technology from GE Vernova’s F and H class fleets, including additive manufactured parts and innovations in aerodynamics, materials and combustion. The performance improvement that the HE solution can deliver is attributable to technology breakthroughs across every major component of the GT26 gas turbine - turbine, compressor and combustor - that helps decrease fuel costs while increasing full-load output and extend maintenance intervals.

Located mostly in Europe, Middle East, Latin America and Asia, the GT26 gas turbine fleet of more than 100 units delivers an approximate total of 37 gigawatt of power capacity and can combust up to 40 percent of hydrogen with natural gas.

About SEMIPOL™ Static Excitation and Startup frequency converter technology
The Power Conversion & Storage business works with customers in utilities and industries that benefit from power stability solutions.  The combination of SEMIPOL™ SEE and SFC conversion systems are crucial for generator startups in gas power plants, synchronizing the generator on the grid, and managing the effects of grid power and frequency variation. This allows for smooth startups and helps to reduce mechanical stress, extend equipment life, and lower maintenance cost.  It has an installed base of over 1,000 SEE & SFC systems.

                                                                 ###
Notes to editors

Financial Editors:  Please note this order was booked in the first quarter of 2025.

To learn more on the upgrade: https://vernova.is/4gjsCjI

About ESB
ESB was established in 1927 as a statutory body under the Electricity (Supply) Act, 1927. With a holding of 97.1%, ESB is majority owned by the Irish Government. The remaining 2.9% is held by the trustees of an Employee Share Ownership Plan. As a strong, diversified utility, ESB operates across the electricity market, from generation through transmission and distribution, to supply of customers in addition to using our networks to carry fibre for telecommunications. ESB is the leading Irish utility with a regulated asset base of approximately €14 billion (comprising ESB Networks €11bn and NIE Networks €3bn), a 25% share of generation in the all-island market and retail businesses supplying electricity and gas to almost 1.9 million customer accounts throughout the island of Ireland and Great Britain. During the year ended 31 December 2024, ESB Group employed an average of 9,600 people. 
Visit esb.ie to learn more about ESB.

Cambridge, MA (September 5, 2025) - This week, GE Vernova completed the sale of an onshore blades factory in Goleniów near Szczecin, Poland, previously owned by LM Wind Power, to Vestas. This follows the agreement signed on 15 May 2025 and the successful completion of all necessary regulatory approvals.

LM Wind Power CEO, Hanif Mashal, said: “We are pleased to complete the transfer of this facility to Vestas. This transaction enables us to simplify our business and reinvest the capital into core EU manufacturing facilities producing GE Vernova wind products to better serve our loyal customer base in the region.”

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.

CAMBRIDGE, Mass. (August 27, 2025) – GE Vernova Inc. (NYSE: GEV) today announced that Lola Lin will join the company as Executive Vice President, Chief Legal Officer and Corporate Secretary and a member of the GE Vernova Executive Leadership Team, effective September 15, 2025.

Lola brings more than 25 years of legal expertise and joins GE Vernova from Howmet Aerospace Inc., where she served as Executive Vice President, Chief Legal and Compliance Officer and Secretary. At Howmet, Lola was a member of the Executive Leadership Team and led its Global Legal, Ethics and Compliance functions.

Prior to joining Howmet in 2021, Lola served as Senior Vice President and General Counsel for Airgas, Inc.  In addition, she has held various roles at Air Liquide USA LLC, Dell Inc., Sutherland Asbill & Brennan LLP and Locke Liddell & Sapp LLP.  Lola holds a bachelor’s degree from The University of Texas at Austin and her law degree from the University of Houston College of Law.

“I’m thrilled to welcome Lola to the team as our Chief Legal Officer,” said Scott Strazik, CEO of GE Vernova. “She brings extensive global experience across complex industrial businesses, and I’m confident that her leadership will help drive GE Vernova forward as we continue to advance our mission to both electrify and decarbonize the world.”

SOREL-TRACY, Canada (August 27, 2025) – GE Vernova Inc. (NYSE: GEV) announced today a plan to invest 22.2M CAD in Quebec factories, for its hydropower Sorel-Tracy and grid La Prairie sites.

With Canada’s energy needs forecasted to double by 2050, and Quebec projecting a demand increase of up to 35% by 2035, the province is moving forward with a $150 billion capital expansion—part of Hydro-Québec’s approximately $200 billion 2035 Action Plan—to upgrade the grid, expand hydropower and wind power capacity, and modernize infrastructures*. In light of this, GE Vernova is expanding its Quebec facilities to meet soaring customer needs, enhance energy resilience, and ensure long-term energy security.

Increased capacity for hydropower

GE Vernova is investing 16.2M CAD to expand capacity at its hydropower manufacturing facility in Sorel-Tracy. The company’s investment is supported by a government loan of up to 2.5M CAD. The expansion includes extending the site square meters by about 20% and installing new equipment meant for large-scale component manufacturing. As part of this expansion, 28 new jobs are expected, in addition to the 75 jobs that are being maintained.

The Sorel-Tracy facility is a hub for advanced turbine production, powering hydropower projects across Canada and around the world. With nearly seventy years of expertise—dating back to 1957—the site now focuses on modernizing critical hydropower infrastructure, helping drive the next generation of sustainable energy. GE Vernova’s Hydro Power business counts almost five hundred employees in Canada today, with almost a hundred in Sorel-Tracy.

The expansion of Sorel Tracy will allow GE Vernova to meet the strong demand for hydropower, especially for modernization projects in Canada. Hydropower supplies around 60% of Canada’s electricity, but the average age of hydropower plants is 53 years old. Modernizing this fleet will be essential to meet the growing demand with sustainable and reliable power.

“To effectively execute on these projects, in a capacity-constrained industry, GE Vernova has established long-term collaboration agreement with various hydropower asset owners, that will enable early engagement and close collaboration between the companies, giving the long-term visibility needed to plan, design, and secure the supply chain for the projects. The expected backlog related to these agreements require the expansion of the Sorel Tracy site.” said Frederic Ribieras, CEO for the Hydro Power business at GE Vernova.

GE Vernova and Ontario Power Generation (OPG) signed a 15-year Framework agreement giving GE Vernova exclusivity to modernize up to 25 units at OPG’s hydropower stations in the Niagara region. The turbines for these projects will be manufactured in Sorel-Tracy.

Investments in grid protection

GE Vernova is investing over 6M CAD to expand capabilities at its La Prairie facility, which specializes in high-voltage equipment for power transmission, to better serve the North American market. This expansion comes as the facility celebrates 60 years of continuous innovation and evolution, underscoring its long-standing commitment to adapting to customers changing needs.

Securing Canada’s energy future depends on significantly modernizing the nation’s power grid, and this expansion will play a critical role in that effort. The enhanced capabilities will notably enable key customer Hydro-Québec to advance its ambitious Action Plan by meeting the growing demand for dead tank circuit breakers—essential components for ensuring grid reliability and resilience.

Heather Chalmers, CEO Canada, GE Vernova, said: “Our technology provides close to 40% of Canada’s electricity and these investments represent our commitment to securing Canada’s energy future and helping our customers meet the doubling of demand while accelerating Canadian innovation and technology development.”

These plans were unveiled at a groundbreaking ceremony in Sorel Tracy, with the presence of Carlos Leitão, Parliamentary Secretary to the Minister of Industry for the regions of Quebec, Jean-Bernard Émond, Member of the National Assembly for Richelieu, Patrick Péloquin, Mayor of Sorel-Tracy, and Hubert Bolduc, Président of Investissement Québec International.

“GE Vernova is a major player in the ongoing energy transition around the world. With growing operations in Sorel-Tracy, the company’s project will be able to meet strong demand for hydroelectric power, particularly for modernization projects in Canada, benefiting the local economy here in Richelieu. Congratulations to the entire team for its outstanding work and its determination to make GE Vernova a successful business in the Montérégie region!” Jean-Bernard Émond, Member of the National Assembly for Richelieu

"Sorel-Tracy occupies a strategic position in the hydroelectric industry. It was in Sorel-Tracy that many of the turbines for Hydro-Québec’s major dams were built in the 20th century. And decades later, it will be in Sorel-Tracy that the large Quebec and Canadian turbines will be modernized thanks to our local expertise recognized around the world! What excellent news! This investment by GE Vernova will have positive impacts for several Sorel-based companies specializing in the production of parts for the hydroelectric market." – Patrick Péloquin, Mayor of Sorel-Tracy

In Canada, GE Vernova’s team of over 2,400 talented employees, backed by a legacy spanning more than 130 years, is driving meaningful change by supporting our customers from coast to coast to coast with power generation, transmission, conversion, storage, and orchestration solutions. 

Notes to editors

The 16.2M CAD investment of the Sorel Tracy facility represents the total amount invested by GE Vernova for the site expansion over 3 years, between 2024 and 2026. The company’s investment is supported by a government loan of up to 2.5M CAD, of which 1.5M CAD is tied to the expansion of the mechanical workshop and to new large-scale manufacturing machinery.

*According to Hydro-Québec’s and the government of Quebec’s projections.

CAMBRIDGE, Mass. (August 26, 2025) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer and President Scott Strazik will present at the 13th Annual Morgan Stanley Laguna Conference in Laguna Beach, California on Thursday, September 11, 2025, at 7:45 AM PDT. Strazik will speak to investors in a fireside chat, highlighting how GE Vernova is delivering on growing demand at the beginning of the electricity investment supercycle.

The conference webcast and replay will be available through GE Vernova’s Investor Relations website at https://www.gevernova.com/investors/events.

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.

WILMINGTON, North Carolina (August 21, 2025) – The GE Vernova Hitachi Nuclear Energy (GVH) BWRX-300 small modular reactor (SMR) has been down selected by Vattenfall as it evaluates the construction of new reactors adjacent to its Ringhals plant site on the Värö Peninsula in Sweden.

“We are excited with Vattenfall’s decision, which follows a thorough evaluation process,” said Maví Zingoni, CEO, Power, GE Vernova. “As the only small modular reactor under construction in the Western world, the BWRX-300 is strongly positioned to help Sweden meet its expanding energy needs and net zero ambitions.”

“We have a long history of supporting the nuclear industry in the Nordics and are ready to be a key collaborator in Vattenfall’s new nuclear program,” said Jason Cooper, Advanced Nuclear CEO for GVH. “In addition to being available to deploy in a timeframe that makes a difference for Sweden’s plans, this technology uses licensed fuel and is designed to reduce construction and operating costs.”

Momentum around the BWRX-300 continues to build globally. Construction of the first BWRX-300 is underway at Ontario Power Generation’s (OPG) Darlington site near Toronto. A total of four units 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. OPG, TVA, Duke Energy and Synthos Green Energy in Poland are investing in the standard design of the BWRX-300. These developments support GVH’s progress and leadership in scaling and deploying SMRs commercially to customers around the globe.

Schenectady, NY (August 19, 2025) – With global energy demand at historic levels, today GE Vernova announced a new $41 million investment in its historic Schenectady facility to expand generator capacity by expanding the company’s Center of Excellence for Steam and Generator assembly and testing. This new funding is expected to add 50 new jobs at the facility, helping meet global customer demand. The state of New York’s Excelsior Jobs Program has also awarded GE Vernova $1 million towards completing this project.

“We are committed to meeting the needs of our customers and the world as demand for electricity continues to rise at historic rates,” said CEO Scott Strazik. “This investment in our Schenectady facility continues our work to build gas power capacity and help meet global energy needs.”

“New York State is paving the way for manufacturing, research and development for innovative energy technologies — bringing the State closer to a cleaner future for generations to come,” Governor Kathy Hochul said. “With the State’s public-private partnership with GE Vernova, we’re bringing in good-paying jobs to Upstate New York and promoting sustainability from the tip of Long Island to the Erie Canal.”

The new funding will allow for enhancements to the manufacturing of GE Vernova’s H65 and H84 generators, which accompany the company’s most efficient HA gas turbines.

GE Vernova has a 130-year legacy in New York state, which is home to our Gas Power and Onshore Wind businesses and our Advanced Research Center. This latest investment is in addition to more than $130 million in investments GE Vernova announced in Schenectady since 2023, including a $50 million investment in 2023 to build a new manufacturing line in Schenectady that created more than 200 new jobs and a $80 million investment announced this January for gas power and onshore wind work.

Strazik added, “Our Schenectady facility provides an amazing opportunity to cultivate and invest in our talent in the Capital Region, and we thank the state of New York for their support. We have called this region home for more than a century, and we are proud to continue to move that legacy forward.”

Companywide, this year GE Vernova has announced $720 million in investments at its U.S. manufacturing facilities and 1,800 new U.S. jobs over the next two years. These investments are part of a larger $9 billion cumulative global capex and R&D investment plan through 2028 that was announced at the company’s Investor Update in December 2024.