NISKAYUNA, NY (November 17, 2025) – GE Vernova (NYSE: GEV) hosted an exclusive sneak peek of its Advanced Research Center located on Balltown Rd. in Niskayuna, NY, on November 17th, 2025.

This special event offered an opportunity for attendees to experience facilities that will house advanced research and technology intended to support the future of energy. Set for a grand opening in 2026, attendees of the sneak peek were among the first outside GE Vernova to tour these exciting facilities and witness demos of some of the promising research technologies that will be housed there.

Accelerated with an investment of more than $105 million from GE Vernova and the State of New York, the GE Vernova Advanced Research Center is a key part of GE Vernova's innovation strategy, and the expansion of these facilities is an important milestone in the company's plan to create a dedicated energy technology research campus. This expanded footprint will enable the creation of new, high-tech laboratory spaces and create 75 new research positions in New York.

The construction and expansion of this center will further enable GE Vernova to bring leading talent and organizations to the Capital Region of New York State to collaborate on energy technologies with the potential for broad impact. The GE Vernova Advanced Research Center is focused on developing transformative technologies across the energy landscape, and showcased three distinct research and development technologies during this event which will be embedded at the site:

• Carbon capture technology: An experimental Direct Air Capture (DAC) system already installed in Niskayuna designed to capture up to 10 tons of carbon dioxide from the air every year.
• Wind turbine manufacturing technology for quality: Advanced robotics and artificial intelligence technologies improve the manufacturing process for wind turbine blades.
• AI for the Grid: Zonal autonomous grid control, an AI-powered technology that enables timely optimization and control of the power grid to support efficient, resilient, and renewable energy integration by autonomously managing energy distribution and improving grid forecasting.

The company's Advanced Research Center is a hub for innovation, where leaders from industry, government, and academia come together to develop and deploy new technologies designed to shape the future of energy. The Advanced Research Center also collaborates with, invests in, and develops new startups and spin-out companies through its diverse technology portfolio. With these expanded and enhanced laboratories and meeting spaces, GE Vernova is positioned to host leaders and innovators from around the world, placing it at the center of a global network of innovation and collaboration in the Capital Region.

"We are thrilled to be expanding our Advanced Research Center in Niskayuna, and we believe that this investment will have a significant impact on the local economy and the global energy landscape," said David Vernooy, Vice President of Advanced Research at GE Vernova. "By bringing together the best and brightest minds from around the world, we are creating a unique innovation ecosystem that will drive the development of new technologies and solutions that can change the world. With these world-class laboratory and workspaces, we’re positioned to attract strong talent and drive energy technology innovation."

The newly expanded and renovated space spans approximately 50,000 square feet of lab and workspace, along with approximately 56,000 square feet of experiential patio space for outdoor work and social activity, providing a unique and collaborative environment for researchers and industry partners to engage on the future of energy technology. This dynamic environment makes it an ideal destination for professionals looking to work on important technologies and make an impact on the future of energy.

Advanced Research teams plan to fully occupy and utilize the space by April of 2026, with a planned Grand Opening ceremony in summer of 2026.

GREENVILLE, SC (November 15, 2025) – GE Vernova is proud to announce its multi-year agreement as the official naming rights sponsor for the new home of the Greenville Triumph and Greenville Liberty soccer teams at BridgeWay Station in Mauldin, South Carolina. This landmark sponsorship underscores GE Vernova’s commitment to supporting the vibrant communities where its employees live and work. The agreement between Greenville Pro Soccer and GE Vernova was brokered by leading global sports, music and entertainment company Wasserman.

The newly named GE Vernova Park will serve as a premier destination for soccer enthusiasts and families, further energizing the local sports landscape and creating new opportunities for engagement and connection throughout the region.

"At GE Vernova, we believe in investing in the cities and communities that our employees call home,” said Scott Strazik, CEO of GE Vernova. “By supporting the Greenville Triumph and Greenville Liberty, we are strengthening our ties to the region, fostering local pride, and helping to create memorable experiences for our neighbors and families. Our commitment to the Upstate South Carolina area, including hiring over 500 people this year and even more planned for 2026, reflects our dedication to building a brighter future, both on and off the field."

GE Vernova Park at Bridgeway Station is set to become a hub of excitement and community spirit, hosting matches, events, and activities that will bring people together for years to come.

Construction is underway, and GE Vernova Park will host its first soccer matches in 2026. The stadium will seat 4,300 and have a total capacity of 6,300. In addition to hosting men’s and women’s soccer, the venue will serve as a stage for youth sports, concerts, festivals, and community events.

"We are thrilled to welcome GE Vernova as our naming rights sponsor,” said Wallace Cheves, chairman of Greenville Pro Soccer, the team ownership group. “Their leadership and investment in our community will help us elevate the fan experience and grow the sport of soccer across the Upstate. This relationship is a testament to the shared values of innovation, teamwork, and community that define both our organizations and the people we serve."

The project is a public-private partnership with the City of Mauldin, State of South Carolina, Greenville Pro Soccer and Hughes Investments. Earlier this year, GE Vernova also announced the addition of 650 jobs and $160 million into the Greenville facility.

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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.

About the Greenville Triumph and Greenville Liberty
The Greenville Triumph Soccer Club, based in Greenville, South Carolina, fields a men's professional soccer club playing its sixth season in USL League One, the third division of American professional soccer. The club is a three-time finalist and 2020 USL League One Champion. The Greenville Liberty, a women’s pre-professional team, played its inaugural season in the USL W League in 2022.

About Bridgeway Station / Hughes Investments
Hughes Investments, Inc. was founded in 1991 by Phil Hughes to create places of lasting value for quality tenants. For more than 30 years, the company has played a key role in Greenville’s growth, contributing to the successful development of downtown and beyond. The company is led by Chief Operating Officer Theresa Rowe, Vice President Ryan Peiffer, and Vice President Rivers Hughes. Hughes Investments develops office, retail, industrial, multifamily, medical, and mixed-use properties, specializing in high-quality design, development, leasing, and property management. For more information, please visit www.hughesinvestments.com or call 864-242-2100.

About the the City of Mauldin
Mauldin is a vibrant city in Upstate South Carolina that offers exceptional quality of life, diverse cultural experiences and family-friendly fun — all conveniently located just minutes from downtown Greenville. First established on 100 acres in 1784 and chartered in 1890, Mauldin has grown into a thriving community of more than 29,000 that is consistently ranked among the safest and most affordable cities in the state. For more information, visit cityofmauldin.org.

About Wasserman
Wasserman is a leading global sports, music and entertainment company that provides representation and marketing services to talent, brands and properties. Headquartered in Los Angeles, Wasserman's presence spans 28 countries and more than 70 cities. For more information, please visit www.teamwass.com.

Berlin, 7 November 2025 - GE Vernova today offered solutions on how Germany can maintain a secure, affordable, and low-carbon electricity supply through 2035, following the Federal Ministry for Economic Affairs and Energy’s (BMWE) latest Energiewende Monitoring Report and accompanying 10-Point Plan.

The company’s new white paper finds that Germany’s energy transition challenges such as renewable curtailment, grid congestion, and rising system costs cannot be solved by any single technology. Instead, they require an integrated system planning approach that links demand growth, renewable expansion, grid build-out, and dispatchable capacity into one coordinated framework.

“The Monitoring Report gets it right: Germany will need additional dispatchable capacity,” said Markus Becker, Executive Director, System Economics, GE Vernova’s Consulting Services. “The scale and timing, however, depend on how quickly flexibility, grid expansion, and demand evolve together. The answer is not one variable, it is how they work in concert.”

Building on this analysis, GE Vernova outlines four priorities for policymakers and planners as Germany implements the findings of the BMWE report:

• Accelerate integrated system planning to align decisions on generation, transmission, and flexibility investments, ensuring reliability at the lowest total cost.
• Scale flexibility and storage by expanding battery, demand-side, and digital solutions that make electricity demand an active contributor to system balance and help reduce renewable curtailment.
• Deploy modern, efficient gas generation alongside technology-neutral decarbonization solutions, providing fast-response backup for renewables while enabling future decarbonization of thermal assets.
• Advance market design for flexibility and adequacy by developing capacity and capability mechanisms that value firm capacity, fast response, and low-carbon flexibility together.

The paper also highlights the need for regional coordination within Europe’s interconnected power market and resilient supply chains for generation equipment, transformers, and grid infrastructure. Maintaining a strong domestic and European manufacturing base is key to ensuring projects are delivered on time and within budget.

The full white paper can be accessed here.

GE Vernova has played a central role in Germany’s power sector for more than 100 years. Its equipment and solutions support approximately 30 percent (46 GW) of the country’s installed capacity and continue to underpin efforts to modernize and decarbonize the German grid.

SYDNEY, Australia – November 06, 2025 – 

• GE Vernova Inc. (NYSE: GEV) has signed a contract with Transgrid for the supply of synchronous condensers, highly-sought-after equipment that will assist in stabilising the New South Wales (NSW) grid as it transitions from coal to renewables.
• Synchronous condensers and associated systems to be supplied across five strategic sites on the NSW transmission network
• These machines play a critical role in stabilizing modern electricity networks by providing inertia, voltage control, and fault current — functions traditionally supplied by large coal-fired generators. By replicating this stabilizing effect, these machines enable higher penetration of renewable energy sources such as wind and solar, improving overall system performance and reducing costs for consumers.

Learn more 

Forward Looking Statements

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

Shah Alam, Malaysia (November 5, 2025) – As part of continued efforts to educate and train the next generation of energy leaders around the globe, the GE Vernova Foundation today announced a grant of more than $950,000 to Assist International to create a new, three-year vocational and technical training scholarship program in Malaysia. The GE Vernova Energy Industry Skills scholarship will provide access to two nationally accredited certification programs for high-demand skills, serving both new learners looking to enter the workforce and current workers seeking to upskill, directly supporting Malaysia’s growing industrial workforce needs.

Within the next decade, one of the greatest challenges for the energy sector will be the increasing demand for workers with technical skills. This new scholarship is intended to eliminate financial barriers and ensure inclusive access to training for nearly 500 students and workers, covering tuition, tools and essential wrap around services, including accommodations, meals, and transportation. This program supports the goals of Malaysia’s National TVET Policy 2030, a forward-looking blueprint designed to strengthen industry alignment, elevate training quality, and enhance the national recognition of vocational education.

“The GE Vernova Foundation is proud to support the next generation of energy leaders,” said Kristin Carvell, GE Vernova Foundation President and Chief Communications Officer, GE Vernova. “This new scholarship will help equip hundreds of participants with the skills needed to secure quality, higher-wage jobs powering the future of energy – a win for families, Malaysians and the world.”

"Technical and skills training is critical for the energy sector moving forward," said Ramesh Singaram, Board Director, GE Vernova Foundation and President & CEO, Gas Power Asia, GE Vernova. "We are proud to collaborate with Assist and FMSDC to create new opportunities for Malaysian students and workers, offering pathways to well-paying jobs that promote financial independence."

Founded in 1990, Assist International is a non-profit organization that designs and implements sustainable development programs in more than 50 countries focusing on systems strengthening and capacity building. Assist International will partner with Federation of Malaysian Skills Development Centres (FMSDC), a non-profit established to strengthen the technical and vocational education across Malaysia.

“Assist International is honored to partner with the GE Vernova Foundation in its global commitment to expanding skills training for the energy transition,” said Cheri Reynolds, Vice President, Strategy & Programs, Assist International. “We are excited to support FMSDC’s vision to equip students with practical skills that open doors to opportunity and strengthen Malaysia’s sustainable future. Together, this collaboration empowers communities by building the technical capacity that drives innovation, economic growth, and long-term sustainable development.” 

“FMSDC is proud to collaborate with the GE Vernova Foundation to equip Malaysians, particularly those from underprivileged backgrounds, with the technical skills needed for the country’s energy transition,” said Hallman Sabri, Chairman of FMSDC. By ensuring access to quality training and professional certifications in critical skills such as electrical systems and welding, this initiative helps break barriers for underprivileged groups, supports career advancement, and builds a more inclusive workforce. At the same time, it strengthens industry capabilities and contributes to Malaysia’s sustainable energy future.”

Skilled trades are the backbone of Malaysia’s goal to reach net zero by 2050 and a central pillar of the National Energy Transition Roadmap (NETR), which identifies human capital and capabilities as a key enabler of the country’s energy transition. Achieving these goals will require thousands of electricians, welders, and technicians to design, build, and maintain renewable energy systems, smart grids, and efficient infrastructure across the country. The GE Vernova Energy Industry Skills scholarship is investing in vocational training, strengthening Malaysia’s local talent pipeline while reducing reliance on foreign expertise to prepare individuals for high-quality, future-ready jobs. 

GE Vernova currently provides up to 40% of Malaysia’s electricity and is well-positioned to support the country’s transition towards its 2050 net zero goals. GE Vernova has a strong long-standing relationship with the country's energy utilities and independent power producers. With the largest base of installed gas turbines in Malaysia today, GE Vernova provides power with 7 units of H-Class technology across the country including the Sultan Ibrahim Power Plant in Pasir Gudang, Johor which is able to burn up to 50% hydrogen blends and is expected to generate approximately 2,500 job opportunities for the local community.

As GE Vernova pursues its mission to electrify to thrive and decarbonize, the GE Vernova Foundation is committed to building the workforce needed for a sustainable energy future. Global programs have been launched in over a dozen communities where GE Vernova has operations, supporting the goal to train 30,000 students and learners by 2030. Since its inception, the Foundation has reached nearly 5,700 students and learners globally, providing them with skills and knowledge necessary to excel in the energy industry. This new scholarship in Malaysia is a significant step forward in that mission, reinforcing the Foundation’s dedication to creating a skilled, sustainable workforce that can meet the demands of the evolving energy landscape.

About GE Vernova Foundation

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

About GE Vernova 

GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

Forward Looking Statements

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

About Assist International

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

About FMSDC

For over 30 years, the Federation of Malaysian Skills Development Centres (FMSDC) has played a pivotal role in cultivating Malaysia’s skilled workforce to align with national socio-economic objectives. Established in 1999, FMSDC unifies 15 State Skills Development Centres across the country to deliver industry-relevant training using the latest technologies. Driven by its mission to develop skilled manpower for Malaysia’s continued advancement, FMSDC emphasizes practicality, relevance, and measurable impact. Its programs offer certified courses that enhance employability and keep pace with emerging technologies such as Industry 4.0. Learn more at www.fmsdc.my

ADIPEC, Abu Dhabi, UAE - (November 3, 2025): In conjunction with ADIPEC 2025, GE Vernova Inc. (NYSE: GEV) announced that Jafurah Cogeneration Independent Steam and Power Plant (ISPP) achieved the start of commercial operations. The plant is located approximately 125 kilometers southeast of Dammam, Saudi Arabia. GE Vernova provided a holistic solution including the core power plant equipment, its 7HA.01 gas turbine, and a service agreement for 20 years, including maintenance and supply of parts aiming to manage all aspects of the engine’s lifecycle.

The facility is expected to be among the most efficient power plants in Saudi Arabia.

The cogeneration process maximizes energy output by capturing and reusing excess heat or steam. The plant is expected to deliver up to 314 tons/hour of steam, as well as up to 320 megawatts (MW) of electricity to support Jafurah gas field operations. By 2030, the Jafurah gas field is expected to produce up to 630,000 barrels of natural gas liquids and condensates, as well as over 420 million standard cubic feet of ethane per day.

“Significantly increasing gas production capacity over the next decade will positively contribute to the Kingdom’s energy mix and support self-sufficiency in gas supply as demand for power continues to grow in residential and industrial sectors,” said a representative of Doosan Enerbility.  “The development of the Jafurah gas field was a very ambitious project and as the engineering, procurement, and construction (EPC) company we’re proud to have supported it.”

This project, featuring GE Vernova’s first H-Class gas turbine completed in Saudi Arabia, has contributed to the local economy by creating direct and indirect jobs and expanding domestic manufacturing capabilities.

“We are pleased to have successfully met our commitments, ensuring the timely launch of operations despite the period of intense demand,” said Joseph Anis, President & CEO for GE Vernova’s Gas Power business in Europe, Middle East & Africa. “Aligned with Saudi Vision 2030, we are proud the turbine was completed and delivered from GESAT, advancing local industrialization and strengthening the Kingdom’s power sector.”

Since its establishment in 2017, GESAT has played an important role in meeting the Kingdom's demand for gas turbines, specifically through the localized completion of high-performance F-class and H-class gas turbines, and the manufacturing of post cast components and accessory modules.

GESAT was formerly a joint venture between Dussur and GE Vernova. In September 2024, GE Vernova acquired Dussur’s shares to continue enabling economic diversification, localization, high value exports, and talent development efforts in the country to support the Kingdom’s goals under Saudi Vision 2030. The facility is a part of the GE Manufacturing & Technology Center (GEMTEC) campus.

GE Vernova has contributed to the development of the Kingdom’s energy infrastructure for approximately 90 years. Today, the company’s investments in the country include the Khobar Integration Facility (KIF) for grid solutions and the GEMTEC campus, which houses a Service and Repairs Center for gas turbines, the MENA Decarbonization Center of Excellence, and a Monitoring & Diagnostics Center for the remote monitoring of power generation assets, in addition to GESAT.

GE Vernova is a Gold Sponsor at ADIPEC 2025, taking place November 3–6 at ADNEC in Abu Dhabi, UAE. At stand 7135 in Hall 7, the company is showcasing technologies that help maintain reliable, affordable, and secure electricity systems; increase access to power; reduce carbon emissions; and enable communities to thrive. Solutions highlighted include flexible lower‑carbon natural gas fired turbines and their use of hydrogen fuel or integration into carbon capture systems, direct air capture (DAC) technology, synchronous condensers, battery energy storage systems (BESS), power conversion solutions, and SF₆‑free switchgears. The stand will also feature grid applications with GridBeats™ – AI/ML‑enabled digitalization, grid automation, and other advanced solutions, like GE Vernova’s GridOS® orchestration software. 

SINGAPORE (October 27, 2025) – GE Vernova Inc. (NYSE: GEV) and YTLPowerSeraya Pte Limited (“YTLPS”) announced today the collaboration of the two companies on a feasibility study (“Study”) to analyze the lowering of carbon emissions of YTLPS’ H-Class Combined Cycle Gas Turbine (CCGT) plant on Jurong Island, Singapore.

Following the launch of a Power Sector Carbon Capture and Storage Grant Call by Singapore’s Energy Market Authority (“EMA”), in October 2024, which invited the power industry to explore potential carbon capture solutions as part of Singapore’s energy transition towards a low-carbon future, the EMA has selected five projects on 14 July 2025.  Among these, YTLPS’ Post-Combustion Carbon Capture Study proposal was successfully selected to receive co-funding.

The Study is focused on retrofitting YTLPS’ H-Class CCGT with technology capable of capturing at least 90 percent of the plant’s carbon dioxide (CO₂) emissions.  With its proven expertise, GE Vernova will focus the Study on the seamless integration of the H-Class CCGT plant with post-combustion carbon capture technology, supported by three key technical solutions:

• Exhaust Gas Recirculation (“EGR”);
• Steam integration; and
• Controls integration

In comparison to traditional bolt-on post-combustion carbon capture solutions, the proposed GE Vernova’s advanced system integration with EGR technology allows a gas power plant with post-combustion carbon capture solutions to operate more efficiently and cost-effectively which reduces overall plant size, overall CAPEX and OPEX whilst also boosting overall integrated plant performance.

“We are enthusiastic that EMA awarded our 600 MW H-Class Combined Cycle Power Plant to study the integration of post-combustion carbon capture.  Our participation in the GE Vernova-led study underscores our dedication to accelerating advanced solutions to potentially retrofit our power plant to achieve net zero emission, a vital step towards producing more sustainable energy for Singapore and our communities,” said John Ng, CEO of YTLPS.

“GE Vernova’s  first-of-its-kind carbon capture assessment in Singapore proposes significant enhancements aimed at improving the proposed carbon capture process and reducing its impact on the power plants’ output, performance, and costs,” said Ramesh Singaram, President & CEO of GE Vernova's Gas Power business in Asia Pacific region. “GE Vernova will lead the full-scale integration of the study with the ultimate goal of lowering the net carbon emissions of the power plant.  We remain committed to supporting the advancement of the region’s energy goals, working alongside carbon capture players to support YTL PowerSeraya’s decarbonization efforts.”

The announcement for the post-combustion carbon capture study was made at the sidelines of Singapore International Energy Week.  This recent milestone follows other significant announcements for GE Vernova, including the selection for the innovative Net Zero Teesside (NZT) Power project, expected to be the world’s first gas-fired plant integrated with a carbon capture plant at commercial scale, and the order of GE Vernova’s combined cycle equipment  to power YTLPS CCGT on Jurong Island, Singapore. The plant is expected to be powered by a 9HA.01 gas turbine, an STF-A650 steam turbine, a W88 generator, and a triple pressure with reheat Heat Recovery Steam Generator (HRSG).

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Notes to editors

© 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.

“Decarbonization”, as used in this article, is intended to mean the reduction of carbon emissions on a kilogram per megawatt hour basis.

ATLANTA, GA – (October 23, 2025) – GE Vernova Inc. (NYSE: GEV) today announced that it secured an order from the Australian independent gas producer and energy company QPM Energy Limited (“QPM”) for two of its LM6000* aeroderivative gas packages. GE Vernova’s fuel flexible aeroderivative gas turbine packages are aimed to enable the plant to use QPM’s existing gas reserves or coal mine waste gas (with at least 50% methane) that it collects.

With commissioning scheduled for mid-2027, GE Vernova turbine packages are projected to deliver up to 112 MW of electricity at QPM’s Isaac Power Station, enhancing the expansion of QPM’s existing Moranbah gas production and infrastructure assets – the QPM’s Isaac Energy Hub (IEH).

“The development of the Isaac Power Station meets the State Government’s call for more gas-fired generation as flexible, gas-fired generation is clearly essential for supporting grid stability during the energy transition,” said QPM Chief Executive Officer David Wrench.  “GE Vernova’s flexible units are anticipated to supply electricity during periods of peak demand. This daily peak generally arises after sunset, as solar generation decreases and households increase their energy usage for various activities.”                                                       

Aeroderivative gas turbine solutions, like GE Vernova’s LM6000, are built for high cycling capability, which allows power plant operators to get up and running—and on the grid—quickly. With capability to reach full power within around five minutes from start-up, LM6000 aeroderivative gas turbines have a nominal ramp rate of around 30 MW/min, providing a fast primary frequency control response for better grid support.                                                                     

“We are excited to contribute to the growth of QPM’s energy business, while supporting grid stability and reliability in Queensland as the state accelerates its transition to a more sustainable renewable powered future,” stated Ramesh Singaram, President & CEO of GE Vernova's Gas Power Business for the Asia Pacific region.

The LM6000 aeroderivative gas turbines are well-suited for both peaking and base load generation, as well as grid firming applications, offering the flexibility to start and stop multiple times per day if needed.  With over 40 million operating hours and more than 1,300 units shipped, the LM6000 aeroderivative gas turbine is a leader in the 40 to 60 MW space.

Australia has been part of GE Vernova’s heritage for more than 125 years. The Pyrmont Bridge was one of GE Vernova’s first projects in Australia, and one of the first electric-powered bridges in the world at the time, marking the start of the company’s technology and innovation in the region. Today, GE Vernova plays a central role in supporting the nation’s energy transition, with 80% of the national grid operating on GE Vernova’s electrification software, 40% of Australia’s major utilities using GE Vernova technologies, 50% of Australia’s power fleet is serviced by GE Vernova. GE Vernova’s portfolio covers all areas of the energy sector, with technologies across wind, gas, grid and digital solutions, helping Australian providers decarbonize while maintaining energy reliability and cost efficiency.

Notes to editors

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

Neuquen ARGENTINA (October 23, 2025) - GE Vernova Inc. (NYSE: GEV) today celebrated the opening of a new Repair Service Center in the Parque industrial Centenario, in the Neuquén Province, Argentina. The new facility marks GE Vernova’s first repair center for GE Vernova’s Aeroderivative business in Latin America and is expected to boost repair capabilities for GE Vernova’s aero derivatives gas turbines fleet based in Argentina, Brazil, Chile and Uruguay.

Owners of aero derivative gas turbines in these countries can benefit from significant improvements to lead time and delivery of repaired components in support of their outage needs. Aero derivative gas turbines will no longer need to be shipped to a repair center outside of Latin America, which may result in substantial reduction - which can be up to a year - of component delivery times.

“This project is aligned to GE Vernova plans to expand its gas turbine repair capabilities globally,” according to Luis Leal, General Manager Aero Services Americas, Gas Power GE Vernova. “By applying lean practices and advanced repair technologies, our Repair Service Center in Centenario can set a new benchmark for repair excellence. The new facility will help us to better serve our customers and ensure that our legacy equipment remains competitive, while effectively addressing the support and maintenance needs throughout southern Latin America.”

This facility will initially offer LMS100* maintenance services and is planned to expand its capabilities to include LM2500* and LM6000* gas turbines solutions by the end of 2026. By providing maintenance locally, GE Vernova will help alleviate import and export bottlenecks that have historically affected turnaround times.

With approximately 6,600 employees in Latin America, GE Vernova is serving its customers by providing solutions to help deliver a more affordable, reliable, sustainable, and secure energy future.

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Notes to editors

*Trademark of GE Vernova and/or its affiliates.

CAMBRIDGE, Mass., (October 22, 2025) – GE Vernova Inc. (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today reported financial results for the third quarter ending September 30, 2025.

“GE Vernova delivered another productive quarter with strong financial results. Our growth trajectory is accelerating and the demand environment for our equipment and services remains strong with $16 billion in backlog growth year-to-date. Our Gas Power equipment backlog and slot reservation agreements increased from 55 to 62 gigawatts sequentially, and our Electrification equipment backlog increased $6.5 billion year-to-date, to approximately $26 billion,” said GE Vernova CEO Scott Strazik. “We are leading from a position of strength and are focused on long-term growth and returns. This era of increased electricity investment has just started, and we have substantial opportunity ahead of us as we provide the solutions required to help the world electrify to thrive and decarbonize.”

"We delivered another strong quarter as we executed our financial strategy, with continued orders and revenue growth, significant margin expansion, and positive free cash flow. We expanded our backlog year-over-year and sequentially across equipment and services, with healthy equipment margin in backlog reflecting favorable price and our focus on disciplined underwriting,” said GE Vernova CFO Ken Parks. “As a result of our improving free cash flow linearity, we continued to return cash to shareholders through our share repurchase actions and quarterly dividend payment, while maintaining a healthy cash balance and solid investment grade balance sheet. We’re reaffirming our 2025 financial guidance, and we look forward to providing our 2026 financial guidance and updated outlook by 2028 at our investor event on December 9.”

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[1] Defined as remaining performance obligation (RPO) 

*Non-GAAP Financial Measure

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This 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”, “anticipate”, “intend”, “plan”, “estimate”, “guidance”, “will”, “may,” and negatives or derivatives of these or similar expressions. These forward-looking statements include, among others, statements about the benefits we expect from our lean operating model; our expectations regarding the energy transition; the demand for our products and services; our ability to navigate the current dynamic environment; the estimated impact of tariffs; our expectations of future increased business, revenues, and operating results; our ability to innovate and anticipate and address customer demands; our ability to increase production capacity, efficiencies, and quality; our underwriting and risk management; current and future customer orders and projects; our actual and planned investments; our expected cash generation and management; our capital allocation framework, including share repurchases and dividends; operational safety; our restructuring programs and strategies to reduce operational costs; 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:

• Our ability to successfully execute our lean operating model;