BRISBANE, Australia, (21 August) – GE Vernova (NYSE: GEV) today announced it has been chosen by Quinbrook for the third stage of the Supernode Battery Energy Storage System (BESS) project in Queensland. With this contract, GE Vernova will provide power conversion, control and integration technologies across all three stages of one of Australia’s largest battery energy storage developments.

Supernode is a large-scale battery storage development located at a key point in Queensland’s electricity network. The batteries act as a buffer for the power system, storing electricity when supply is high and returning it to the grid when demand increases or renewable generation changes. This helps maintain a reliable electricity supply while enabling more renewable energy to be integrated into the network.

Stages 1 and 2, which use GE Vernova technology, are now in full operation and are among the largest operational battery energy storage facilities in Australia’s National Electricity Market. Stage 3 will add a further 260 MW and 1,216 MWh of four-hour storage, bringing the full Supernode development to 780 MW and 3,075 MWh at a single site.

For Stage 3, GE Vernova will provide the power conversion system, plant controls, system integration and grid-connection support.

Stage 3 has already achieved Generator Performance Standards (GPS) acceptance, an important grid-connection milestone. GPS acceptance establishes the agreed technical performance standards applicable to the project’s connection to Australia’s National Electricity Market. 

“Battery storage is becoming part of the operating foundation of modern electricity systems,” said Ed Torres, Business Leader Power Conversion & Storage, GE Vernova’s Electrification segment. “Supernode shows what is possible when storage, power conversion and intelligent controls work together at scale. Our engineering and integration work helped Supernode Stage 3 secure Generator Performance Standards acceptance. This important grid-connection milestone demonstrates the strength of our technology and our ability to support complex projects in Australia’s demanding grid-connection environment. We are proud to expand our partnership with Quinbrook and bring grid-forming technology to Australia.”

“From the outset, Supernode was designed as more than just a battery storage project. Its unique location at the heart of Queensland's transmission network makes it ideally placed to support the state’s transitioning power system well into the future. The site also has capacity for a further 520 MW of expansion, which could include battery storage, data centres or a combination of both. Opportunities to develop infrastructure at this scale, in such a strategically connected location, are exceptionally rare,” said James Allan, Senior Director, Quinbrook.

Grid-forming technology extends the role of batteries by enabling them to actively support system stability, providing some of the capabilities historically delivered by conventional power plants, including frequency support and system strength.

GE Vernova’s battery energy storage technologies combine power conversion, controls and integration expertise to help customers store and manage electricity, strengthen grid stability and support the integration of renewable energy.

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Note for financial editors: GE Vernova booked the stage 3 order in Q1, 2026

SILVES, Brasil — [19 de agosto de 2026] — A Eneva, maior operadora privada de gás natural do país, e a GE Vernova Inc. (NYSE: GEV) celebraram o início da operação comercial da usina termelétrica Azulão I, localizada em Silves, a aproximadamente 330 quilômetros de Manaus. Com compromisso de fornecimento de 295 MW ao Sistema Interligado Nacional (SIN), a nova usina contribuirá para aumentar a estabilidade, a confiabilidade e a segurança do suprimento elétrico no Brasil. Essa conquista marca a conclusão da primeira fase do Complexo Azulão, da Eneva, composto pelas usinas Azulão I e Azulão II.

No coração da usina Azulão I está a turbina a gás de alto desempenho 7HA.02 da GE Vernova, acoplada a um gerador H65. A expectativa é de que a avançada turbina forneça a capacidade de resposta rápida à demanda necessária para equilibrar a rede e apoiar o crescimento de energias renováveis não despacháveis, como a eólica e a solar, em todo o Brasil.

O sucesso do projeto se baseia no modelo pioneiro "Reservoir-to-Wire" (R2W) da Eneva, que aprimora a infraestrutura gerando eletricidade na fonte de produção de gás natural. Para integrar essa usina ao corredor de transmissão de alta tensão Tucuruí - Macapá -Manaus, um dos mais longos e desafiadores do mundo, com cerca de 1.850km de extensão, a Eneva e a GE Vernova implementaram uma solução de filtro de bloqueio de Ressonância Subsíncrona (SSR - Sub Synchronous Resonance) e um relé de estresse torsional. Esta solução foi projetada sob medida para ajudar a garantir que a usina opere com confiabilidade e em harmonia com o sistema de transmissão.

Além disso, utilizando sua ampla capacidade de atendimento local, o fornecimento da GE Vernova também contempla um contrato de serviço de 15 anos que visa ajudar a assegurar os mais altos níveis de confiabilidade e disponibilidade operacional.

"O início da operação comercial de Azulão I representa a materialização de um dos projetos mais relevantes da Eneva. Este empreendimento demonstra nossa capacidade de desenvolver e executar investimentos estruturantes em larga escala, mesmo em ambientes de elevada complexidade logística e operacional. O complexo Azulão reforça a consistência do nosso modelo de negócios integrado, a solidez da companhia e o nosso compromisso de contribuir para a segurança energética e o desenvolvimento econômico do Brasil”, afirma Rafael Coitinho, diretor de Engenharia, Construção e Montagem da Eneva.

De acordo com o Plano Decenal de Expansão de Energia (PDE 2035) do Brasil, elaborado pela Empresa de Pesquisa Energética (EPE), espera-se que as fontes renováveis representem mais de 85% da geração de eletricidade do país até 2035, impulsionadas principalmente pela expansão da geração eólica e solar. Dada a intermitência inerente a essas fontes, as turbinas a gás são críticas para o balanceamento do sistema, fornecendo a energia despachável necessária para estabilizar a rede e ajudar a atender à demanda.

“Azulão é a expressão máxima da força do nosso abrangente portfólio”, disse Marco Vera, VP de New Units para o negócio de Gas Power da GE Vernova na América Latina. “Ao integrar nossa avançada tecnologia a gás com soluções especializadas e de ponta para estabilização da rede e serviços de manutenção de longo prazo, comprovamos nossa capacidade de implantar energia de alta eficiência mesmo nos ambientes de transmissão mais complexos. Nossa habilidade de desenvolver essas soluções específicas de ponta a ponta reflete nosso profundo compromisso de atender às necessidades energéticas mais exigentes de nossos clientes e reforça nossa dedicação inabalável em apoiar o desenvolvimento econômico e a segurança energética de longo prazo do Brasil.”

A presença da GE Vernova no Brasil se estende por mais de 100 anos, sustentada por uma força de trabalho local de aproximadamente 5.000 funcionários, incluindo competências em serviços para atendimento local dedicado. O compromisso da empresa é reforçado por uma sólida base instalada, responsável pela geração de cerca de 40% da eletricidade total do Brasil.

Destaques do complexo a gás do Azulão

O complexo Azulão, composto pelas usinas Azulão I e II, é alimentado pela avançada tecnologia Classe H da GE Vernova, reconhecida por sua eficiência e capacidade de balanceamento de rede. Espera-se que o complexo forneça uma potência combinada de até 950 MW, capacidade equivalente à quantidade de energia necessária para atender aproximadamente quatro milhões de residências brasileiras, e a entrada em operação comercial da UTE Azulão II está prevista para julho de 2027.

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Declarações prospectivas:

Este documento contém declarações prospectivas – ou seja, declarações relacionadas a eventos futuros que, por sua natureza, abordam assuntos que são, em diferentes graus, incertos. Essas declarações prospectivas frequentemente abordam o desempenho comercial e financeiro futuro esperado da GE Vernova, bem como sua situação financeira, o desempenho esperado de seus produtos, o impacto de seus serviços e os resultados que eles podem gerar ou produzir, e frequentemente contêm palavras como “esperar”, “antecipar”, “pretender”, “planejar”, “acreditar”, “buscar”, “ver”, “irá”, “poderia”, “estimar”, “prever”, “almejar”, “preliminar” ou “faixa”. As declarações prospectivas, por sua natureza, abordam assuntos que são, em diferentes graus, incertos, como declarações sobre transações, investimentos ou projetos planejados e potenciais e seus resultados esperados, bem como os impactos das condições macroeconômicas e de mercado e da volatilidade nas operações comerciais, nos resultados financeiros e na posição financeira da Companhia, bem como na cadeia de suprimentos global e na economia mundial.

Sobre a GE Vernova:

A GE Vernova Inc. (NYSE: GEV) é uma empresa global de energia criada com um propósito específico e que inclui os segmento de Power, Electrification e Wind, que contamcom o apoio de seus negócios aceleradores. Com mais de 130 anos de experiência em enfrentar os desafios globais, a GE Vernova está em uma posição única para liderar a transição energética ao continuara eletrificar o mundo e, simultaneamente, trabalhar para descarbonizá-lo. A GE Vernova ajuda seus clientes a impulsionar economias e fornecer a eletricidade essencial para a saúde, segurança e melhoria da qualidade de vida. A GE Vernova está sediada em Cambridge, Massachusetts, EUA, e conta com aproximadamente 85.000 funcionários em cerca de 100 países ao redor do mundo. Guiada pelo propósito da empresa, "A Energia para Transformar o Mundo", a tecnologia da GE Vernova contribui para um futuro energético mais acessível, confiável, sustentável e seguro. Saiba mais: GE Vernova e LinkedIn . 

Sobre a Eneva:

A Eneva é a maior operadora privada de gás natural do Brasil, atuando na exploração, produção e geração de energia. Atualmente, a companhia administra 38 ativos em 4 bacias sedimentares, que conferem à Eneva 45,8 bcm em reservas de gás natural (2P), o maior volume em terra entre os operadores do país. A companhia possui 10 GW de capacidade de geração, com ativos, operações e projetos em desenvolvimento em dez estados do país. 

SILVES, Brazil — [August 19^th, 2026] — GE Vernova Inc. (NYSE: GEV) and Eneva, the largest private natural gas operator in Brazil, celebrated the start of commercial operation of the Azulão I thermal power plant, located in Silves, approximately 330 kilometers (205 miles) from Manaus. Contracted to provide 295 megawatts (MW) of capacity to Brazil’s National Interconnected System (SIN) for 15 years, the new plant will contribute to enhancing the stability, reliability and security of the country’s electricity supply. The project is the first asset of Eneva’s Azulão Complex, which comprises the Azulão I and Azulão II power plants.

At the heart of the Azulão I facility is GE Vernova’s high-performance 7HA.02 gas turbine, paired with a H65 generator. The advanced turbine is expected to deliver the rapid load-following capabilities needed to balance the grid and support the growth of non-dispatchable renewables, like wind and solar, across Brazil. 

The project’s success is anchored by Eneva’s pioneering "Reservoir-to-Wire" (R2W) model, which improves infrastructure by generating electricity at the source of natural gas production. To integrate this plant into the Tucuruí-Macapá-Manaus one of the world’s longest and most challenging high-voltage transmission corridors spanning ~1,850 km (1,150 miles) — Eneva and GE Vernova implemented a custom-engineered Sub Synchronous Resonance (SSR) blocking filter paired with a torsional stress relay solution to help ensure the plant could operate reliably and in harmony with the surrounding transmission system.

Additionally, utilizing its extensive local service capabilities, GE Vernova secured a 15-year service agreement aiming to help ensure the highest levels of reliability and operational availability.

“The start of commercial operations at Azulão I represents the realization of one of Eneva’s most significant projects. This development demonstrates our ability to structure and execute large-scale strategic investments, even in highly complex logistical and operational environments. The Azulão Complex reinforces the consistency of our integrated business model, the strength of our company, and our commitment to contributing to Brazil’s energy security and economic development,” said Rafael Coitinho, Engineering, Construction & Assembling Director at Eneva. 

According to Brazil's Ten-Year Energy Expansion Plan (PDE 2035), developed by the Energy Research Company (EPE), renewables are expected to cover more than 85% of Brazil's electricity generation by 2035, particularly with the expansion of wind and solar generation. Given the inherent intermittency of these sources, gas turbines are critical for balancing the system, providing dispatchable power necessary to stabilize the grid and help meet demand.

“Azulão is the ultimate expression of our comprehensive portfolio strength” said Marco Vera, VP of New Units for GE Vernova’s Gas Power business in Latin America. “By integrating our advanced gas-powered technology with specialized, cutting-edge grid-stabilization solutions, and long-term maintenance services, we have proven that we can deploy high-efficiency power in even the most complex transmission environments. Our ability to tailor these end-to-end solutions reflects our deep commitment to addressing our customer's most demanding energy needs and underscores our unwavering dedication to supporting Brazil’s economic development and long-term energy security.”

GE Vernova’s presence in Brazil spans over 100 years, supported by a local workforce of approximately 5,000 employees, including dedicated local service capabilities. The company’s commitment is underpinned by a robust installed base—generating approximately 40% of Brazil’s total electricity.

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About Eneva:

Eneva is the largest private natural gas operator in Brazil, active in exploration, production, and power generation. Currently, the company manages 38 assets across 4 sedimentary basins, which grant Eneva 45.8 bcm in natural gas reserves (2P), the largest onshore volume among operators in the country. The company holds 10 GW of generation capacity, with assets, operations, and projects under development in ten states across the country.

Azulão gas power complex highlights

Azulão Complex, featuring both Azulão I and II, is powered by GE Vernova’s advanced H-Class technology, renowned for its efficiency and grid-balancing capabilities. The complex is expected to deliver a combined output of up to 950 MW, a capacity equivalent to the amount of power needed by approximately four million Brazilian homes and it is scheduled to achieve commercial operation in July 2027.

Forward Looking Statements:

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

About 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. Learn more: GE Vernova and LinkedIn. 

CHEVY CHASE, Maryland and WILMINGTON, North Carolina (August 13, 2026) – Blue Energy, a vertically integrated deployment platform for financeable, prefabricated nuclear power plants and GE Vernova Hitachi Nuclear Energy (GVH), today announced the signing of an agreement that launches the next phase of their collaboration to deploy a 2.5 GW gas-plus-nuclear power plant in Texas. 

This agreement advances engineering design, licensing, and safety analysis of the Victoria, Texas, project that will deploy both GE Vernova 7HA.02 gas turbines and GVH BWRX-300 SMRs, subject to a final investment decision in 2027. The agreement represents a significant step forward for Blue Energy’s strategic pairing of natural gas and nuclear generation to help meet surging U.S. electricity demand driven by artificial intelligence and advanced manufacturing. 

Blue Energy’s integrated approach to prefabrication, transportation, and assembly – the “Blue Way” – builds on the standardized, modular design of the BWRX-300 to support execution certainty by enhancing schedule, costs and project delivery predictability through innovative logistics, off-site fabrication and super modules assembly. 

“This agreement with GE Vernova Hitachi keeps Blue Energy confidently moving forward to build our nuclear energy production line that will unlock the promise of abundant nuclear energy,” said Jake Jurewicz, Blue Energy CEO and co-founder. “We are shifting from the old way of building large reactor nuclear power to instead do it the ‘Blue Way’ that slashes costs and time to power and finally makes nuclear a financeable, repeatable product.”

With its innovative gas-plus-nuclear strategy, Blue Energy will initially power a nearby data center with approximately 1 gigawatt of power using two GE Vernova gas turbines in 2030 and then add another 1.5 gigawatts of power from up to five GE Vernova Hitachi SMRs beginning in 2032. 

“Meeting the surging demand for electricity requires proven, scalable technologies and the ability to bring them together as integrated solutions,” said Eric Gray, CEO, GE Vernova’s Power segment. “Our work with Blue Energy combines GE Vernova’s flagship HA gas turbine technology with GE Vernova Hitachi’s advanced nuclear SMR technology, while supporting Blue Energy’s innovative project model. Together, we are establishing a blueprint for deploying reliable baseload power at the scale and speed customers need.”

The first BWRX-300 is currently 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 grid-scale SMR in the Western world. 

For more information, including a video of Jake Jurewicz and Jason Cooper, CEO, GE Vernova Hitachi Nuclear Energy, click here. 

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About GE Vernova Hitachi Nuclear Energy

GE Vernova’s Nuclear energy business, through its global alliance with Hitachi Ltd., is a world-leading provider of nuclear services and advanced nuclear reactor designs. Technologies include boiling water reactors and small modular reactors, such as the BWRX-300, which is one of the simplest, yet most innovative boiling water reactor designs. GE Vernova’s Nuclear fuel business, Global Nuclear Fuel (GNF), is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE Vernova-led joint venture with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan. HITACHI is a trademark of Hitachi, Ltd. used under trademark license. GE is a trademark of General Electric Company used under trademark license.

About Blue Energy

Founded in 2023, Blue Energy is a vertically integrated deployment platform for financeable, turnkey nuclear power plants compatible with leading reactor technology. Our proprietary lower cost of capital solution and offsite pre-fabrication accelerates new nuclear deployment – making it predictable, faster and more affordable. We will deliver baseload power competitive with fossil fuels and renewables to meet unprecedented global demand. Blue Energy's world-class team has extensive experience in nuclear construction, licensing, engineering, and development. We stem from MIT's Nuclear Science & Engineering Department and are backed by VXI Capital, Engine Ventures, At One Ventures and Tamarack Global. Visit www.blueenergy.co or follow us on LinkedIn.

Forward-Looking Statements

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

New Delhi, India (August 4, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement* with Enfinity Global to supply 43 of its 3.8 MW–154m** onshore wind turbines for their Fatehgarh Wind Farm in Rajasthan, India. Deliveries for the project are expected to begin in the fourth quarter of 2026. 

The deal includes turbine supply and installation and demonstrates the commitment of both companies to contribute to India's ambitious plans to build more renewable energy. With a 4 GW renewable portfolio in India and approximately 300 MW already in operation, Enfinity Global is delivering renewable energy at scale across one of the world's fastest-growing markets, helping meet rising electricity demand through a diversified portfolio that includes solar, wind and energy storage solutions. 

Deepak Maloo, General Manager of GE Vernova’s Onshore Wind business in India, said: “We are grateful for the chance to work with Enfinity Global to help meet India’s ambitious wind power goals. The 3.8 MW–154m turbine being used is designed to deliver efficiency, reliability, and strong performance for India’s wind conditions. With ALMM certification and local manufacturing in Pune, we are well positioned to support Enfinity Global and other customers working to develop projects that will enable India to achieve its 500 GW renewable energy ambition.”

Commenting on this partnership, Sandip Agarwal, CEO India at Enfinity Global said, “This partnership with GE Vernova is built on shared values and a common commitment to accelerating India's energy transition. By combining world-class technology, innovation, and expertise with deep local market knowledge, the partnership brings together two leading global energy companies with an unwavering commitment to quality, health and safety, and strong governance.”

Turbines for the project will be manufactured at GE Vernova’s Pune facility, which serves as a cornerstone of the company’s 'Make in India' strategy with an annual capacity of up to 1,500 MW. As India accelerates toward its ambitious target of 100 GW of wind capacity by 2030, GE Vernova will leverage its local footprint—including its Bengaluru Technology Center and Vadodara blade plant—to deliver the sustainable and affordable energy solutions required to power India’s economic growth.

The Charleroi expansion is part of GE Vernova's broader plan to invest nearly $1.3 billion across its U.S. manufacturing facilities and research centers between 2025 and 2028 to strengthen domestic manufacturing capacity, accelerate innovation, and help meet growing electricity demand.

Paris, FRANCE (July 28, 2026) — First Hydro Company (joint venture between ENGIE and La Caisse), and GE Vernova Inc. (NYSE: GEV), announce the next phase of the modernization/replanting of the Dinorwig pumped storage hydropower plant in North Wales, UK. Under the agreement, GE Vernova is expected to replace two pumped storage units as part of First Hydro's long-term replanting programme at Dinorwig, to help extend the life of the plant for decades to come, while enhancing the plant’s reliability, availability and performance in support of UK grid stability.

Now over 40 years old, Dinorwig is one of Europe’s largest pumped storage hydropower plants and is renowned for its rapid response capability, delivering up to 1,320 MW of power within 12 seconds from standby, and up to 1,800 MW in under a minute. With such characteristics, this plant plays a vital role in grid resilience and frequency response, providing a capacity equivalent to power around one million homes in the UK.*

As majority owner and operator of the plant through First Hydro Company, ENGIE is making a significant long-term investment to extend its operational life. The wider programme includes the replacement of key plant components across all six generating units, alongside significant infrastructure upgrades.

The modernization forms part of one of the UK's largest hydro refurbishment and replanting programme, helping to strengthen long-term grid resilience and support the integration of renewable energy in the UK's evolving electricity system. This programme is expected to extend the plant’s life by at least 25 years, to ensure continued delivery of fast, flexible low-carbon power.

"This contract marks an important milestone in our long-term investment programme at Dinorwig," said Delphine Cherel-Sparham, Managing Director of ENGIE Hydro UK. "As majority owner and operator of the plant, ENGIE is committed to ensuring Dinorwig continues to provide the flexibility, resilience and energy storage capabilities that the UK electricity system increasingly depends upon. Together with GE Vernova, we are investing in the modernization of key generating units to help secure the plant's performance for decades to come.”

“This project is a strong example of how GE Vernova can bring innovation and engineering expertise to a landmark hydro asset,” said Emmanuel Mercier, GE Vernova’s Hydro Power EMEA Leader. “Dinorwig is a highly strategic facility for the UK power system, and we are proud to support First Hydro Company in strengthening the reliability and performance of this important plant.”

The announcement follows the successful completion of the pumped storage unit model test validation at GE Vernova’s testing laboratory in Grenoble, France. As part of its scope, GE Vernova is expected to supply the upgraded motor generators and pump turbines, alongside refurbishment of embedded parts such as the spiral case, stay ring and draft tube. The project also includes an upgraded control system for the station, as well as low-voltage, medium-voltage and DC power supply systems. The pump turbines and motor generators were engineered respectively in GE Vernova’s Centers of Excellence in Grenoble, France and Birr, Switzerland. 

The project also builds upon GE Vernova’s cross-business capabilities, including Variable Frequency Starting Equipment engineered, supplied and installed by GE Vernova’s Power Conversion business in Germany, a protection system provided by Grid Solutions in Spain, and the manufacture of the generator shaft by Gas Power in Switzerland. The plant’s control system will be refurbished using GE Vernova’s industrial experience.

Pumped Storage Projects

Pumped storage hydro provides large-scale energy storage and fast-response flexibility, helping to balance electricity supply and demand while supporting the integration of renewable energy. Through First Hydro Company, ENGIE and La Caisse own and operate the Dinorwig and Ffestiniog pumped storage stations in North Wales, which together provide 2.1 GW of installed capacity and represent around 74% of the UK's pumped storage hydro capacity.

GE Vernova is one of the largest players in the global pumped storage space with nearly 30% of the global installed base and is currently developing more than 3 GW of pumped storage projects around the world.

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Note to editors: 

Financial editors: the order was booked in Q2 2026.
* Assuming that the average UK household demand at a given moment: about 1.8 kW per home.

About ENGIE 

ENGIE is a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With more than 90,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to individuals, local authorities and businesses. Every year, ENGIE invests on average €12 billion per year to drive forward the energy transition and achieve its net-zero carbon goal by 2045.

About ENGIE in the UK

ENGIE employs more than 8,000 people in the UK and operates right across the energy value chain, producing, storing, distributing, and supplying energy. It owns and manages a diverse portfolio of renewable generation and flexible storage assets, including Europe’s largest pumped-storage hydro plant. It also supplies energy to more than 17,000 business customers and produces over 200 GWh of biomethane each year.

ENGIE owns UK Power Networks, the UK’s leading electricity distribution network operator, serving 8.5 million customers across London, the South East and East of England. Through Ocean Winds, its joint venture, ENGIE is one of Scotland’s largest offshore wind generators with 1.8 GW of capacity. Over more than 20 years, ENGIE has invested billions in the UK’s energy transition - supporting energy security and enabling customers to decarbonise at scale.

ENGIE Financials

Turnover in 2025: €71.9 billion. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris - Europe 120 / France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).

ENGIE Press contact:
Alanna Rooney
Tel. UK: +44 7739072404
Email : Alanna.Rooney@engie.com / UKmediaenquiries@engie.com 

VERESEGYHÁZ, Hungary – July 27, 2026 — GE Vernova Inc. (NYSE: GEV) is proud to mark the 25th anniversary of its Veresegyház facility this year, celebrating a quarter-century of excellence as the company’s largest Gas Power manufacturing base outside the United States. To honor this milestone, the company is announcing the modernization of the facility including an on-site solar park to bolster energy independence, new lean production lines and a commitment to workforce growth with plans to add more than 80 professionals over the coming years to support its increasing capacity.

The Veresegyház facility serves as a primary manufacturing and service hub for GE Vernova’s global Gas Power operations, specializing in the high-tech production and precision repair of critical gas turbine components. With advanced capabilities in robotic welding and specialized thermal coatings, the site functions as a vital center of excellence for both new equipment manufacturing and essential repair services.

Advancing sustainability through major solar park development. To support the long-term sustainability of these operations, the solar project is being conducted in phases as part of the company's transformation at the Veresegyház site. The first phase was successfully completed with the installation of a 2 MW solar car canopy, covering more than 500 parking spaces. In the current, second phase, a total of 14.5 MW of photovoltaic (PV) panels are being installed, alongside a 40 MWh battery storage system. This phase encompasses more than 21,000 PV panels covering over 15 hectares, with grid connection expected by this autumn.

Once fully operational, this integrated renewable energy system will allow almost 50% of the site’s current total annual electric energy consumption of 33 GWh to be covered by zero-emission, renewable energy. This significantly improves the plant's energy self-sufficiency and aligns with GE Vernova’s broader mission to reduce the carbon footprint of its global manufacturing operations. 

Modernizing operations with new lean production lines. This sustainability milestone coincides with a period of intense growth for the facility as it works to address the global electricity "investment supercycle". To meet surging demand, last year GE Vernova’s $24,5 million investment, supported by a planned significant contribution of the Hungarian Investment Promotion (HIPA), set the foundation for the site's ongoing modernization, which now includes the successful installation of new lean production lines and the commissioning of high-performance precision machinery. Additionally, five advanced coating booths equipped with vacuum furnaces are now operational to bolster repair and manufacturing output.

Strengthening commitment to workforce growth and talent. After successfully onboarding approximately 100 new team members last year, the facility is actively hiring up to 80 additional professionals — including machinists, welders, fitters, and assembly operators - to support this expanded capacity.

"Reaching our 25th anniversary while simultaneously developing our solar park is a powerful testament to our team's dedication," said Viktoria Fodor, GE Vernova’s Veresegyház Plant Manager. "We are not just expanding our capabilities, energy independence and talents; we are building a more sustainable and efficient future. By blending advanced manufacturing technology with renewable energy, we are ensuring that Veresegyház remains a core element of GE Vernova’s global gas power manufacturing operations for decades to come."

GE Vernova maintains a robust operational presence in Hungary, anchored by key strategic locations that support its global energy mission. The company’s footprint is centered around its major Gas Power manufacturing and service facility in Veresegyház, complemented by active operations in Százhalombatta. These industrial efforts are supported by a central office in Budapest, which serves as a hub for the Power, Electrification, and Wind businesses. This regional network is further strengthened by a significant organizational infrastructure, housing essential corporate functions including Finance, HR, and Digital Technology, alongside specialized teams dedicated to Global Services and Global Supply Chain operations.

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Notes to editors
Financial editors: The mentioned investment is part of a larger $11 billion cumulative global capex and R&D investment plan from 2025 through 2028. 

CAMBRIDGE, Mass., (July 22, 2026) – GE Vernova Inc. (NYSE: GEV), a unique industry leader enabling the world to electrify to thrive and decarbonize, today reported financial results for the second quarter ending June 30, 2026.

“We delivered strong financial results in the second quarter as global demand for our products and solutions continues to grow. With a backlog of $176 billion, continued revenue growth and margin expansion, and significant free cash flow generation, GE Vernova’s momentum is building, and we are raising our 2026 financial guidance,” said GE Vernova CEO Scott Strazik. “We now expect to have at least 125 GW of gas equipment under contract by year-end 2026. To meet this demand, we remain on track to deliver 20 GW of annual gas turbine output in the third quarter of 2026, with 24 GW in 2028, and we are implementing actions to produce 30 GW in 2030. We are also seeing continued demand growth in Electrification, with data center orders reaching over $5 billion year-to-date, more than double our 2025 total. I am proud of how our team is executing with discipline, and I am confident there is substantial value creation ahead.”

"We had a strong first half of 2026 as we executed our financial strategy. Our backlog continued to expand driven by equipment growth at Power and Electrification, with healthy margins from favorable price and disciplined underwriting, and services growth at Power,” said GE Vernova CFO Ken Parks. “Given our significant free cash flow generation, we ended the quarter with a cash balance of $13.1 billion, up $4.3 billion in the year, even as we returned more capital to shareholders so far this year than in the full year of 2025 through our share repurchase actions and quarterly dividend payment. Based on our strong financial performance, we have increased our full year expectations for revenue and free cash flow.” 

 

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 ¹Defined as remaining performance obligation (RPO) 

*Non-GAAP Financial Measure

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

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

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

These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements, and these and other factors are more fully discussed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections included therein, as may be updated from time to time in our Securities and Exchange Commission filings and as posted on our website at https://www.gevernova.com/investors/fls. We do not undertake any obligation to update or revise our forward-looking statements except as may be required by law or regulation. This press release also includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

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

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

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