DECARBONIZE
Our commitment to invent, deploy, and service technology to help decarbonize and electrify the world.
Leading Goals and metrics
Improve the trajectory on carbon intensity for near-term impact
Innovate toward our 2050 Scope 3 net zero ambition for use of sold products
How we’re helping to drive decarbonization
Rapid deployment of renewables
We offer a broad renewables portfolio and are helping to grow renewable energy capacity by increasing reliability through simplified configurations that reduce logistics complexity and deploying battery storage and hydropower.
Technologies:
GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize. As a company whose technology base helps generate approximately 25% of the world’s electricity, we believe it is our responsibility to be a leader in global decarbonization efforts.
In addition to meeting global demand for electricity to support economic growth, improving reliable access to undeserved populations, powering data centers and artificial intelligence, and electrifying transportation, industry, and heat, the electricity power industry must simultaneously prioritize CO₂ reductions at scale. To accomplish this, the world needs to balance near-term actions to improve carbon intensity while developing longer-term breakthrough technologies to achieve net zero emissions.
GE Vernova’s innovative products and services help our customers limit carbon emissions from power generation in the near-term while helping them achieve their emission reduction targets. The electricity our customers generate will also help decarbonize other sectors.
The Decarbonize pillar in our Sustainability Framework encompasses our commitment to invent, deploy, and service technology to help electrify and decarbonize the world.
Progress Towards Our Leading Goals and Metrics
Our leading goals and metrics provide focus to our sustainability strategy, helping to focus our efforts where it matters most. Each goal is designed to drive progress across the whole organization and enable more transparent reporting. Find out about the progress we made towards our goals in 2023.
Improve the trajectory on carbon intensity for near-term impact
We believe it’s important to demonstrate near-term progress toward decarbonization as we electrify. We will start to track three metrics that we believe provide helpful guideposts on near-term progress year to year, in addition to our long-term net zero ambition for use of sold products:
- Carbon intensity of the generating capacity we bring online, calculated as grams of CO₂ emissions per kilowatt hour.
- The potential of our new generation to avoid carbon emissions versus the most likely alternative in that region.
- The capability of our technology to reduce emissions further in the future.
Further details and definitions of these metrics are provided in our 2023 Sustainability Report.
Innovate toward our 2050 Scope 3 net zero ambition for use of sold products
A priority in this ambition must be reducing Scope 3 emissions from the use of our sold products, helping to decarbonize power production on a global scale.
Our 2050 Net Zero Roadmap defines how we will achieve this goal.
Our 2050 Net Zero Roadmap
In 2021, GE announced an ambition to be a net zero company for Scope 3 emissions from use-of-sold products by 2050 and GE Vernova is maintaining this commitment.
Achieving this goal will require the development and deployment of breakthrough technologies at scale, some of which don’t currently exist.
We acknowledge that technology advancements alone cannot achieve this ambition, without significant global investment in the infrastructure and policies required to drive its deployment at sufficient scale. To bridge the gap to net zero, we are investing today to innovate the next generation of breakthrough technologies needed for the electricity sector. Public/private partnerships are instrumental in achieving this ambition.
Our ambition is to be net zero in Scope 3 emissions from the use of our sold products by 2050.
2020 - 2030
Building on substantial contribution from past efforts
2020 - 2030
Making Continued Progress By 2023, we achieved a 46% reduction in gross Scope 3 emissions from the use of our sold products relative to 2019 levels. Increased Reporting Transparency Starting with the 2023 Sustainability Report, we are reporting both gross and net CO₂ emissions from our Scope 3 use of sold products. Science-Aligned Targets In the past, GE communicated an interim target of 20-45% reduction in carbon emissions by 2030, relative to a 2019 baseline. Going forward, GE Vernova recognizes the importance of considering science-aligned methodologies in pursuit of its net-zero ambition. Given the timing of our spin-off from GE in April 2024, we continue to investigate science-aligned, interim targets and look forward to sharing our progress.
LEADING GOAL 1
Improve the trajectory on carbon intensity for near-term impact Carbon Intensity Metric | CO2 Avoided Metric | Carbon Capability Metric
Factors Contributing to Progress
Exit the new build coal business
Onshore and offshore wind growth and improved capacity
Hydrogen or renewable natural gas blending
Reconfigure existing gas turbines and combined cycle power plants to blend some amount of hydrogen while balancing variable renewables
Integrating battery storage in gas turbines to increase efficiency
Advanced transmission and distribution technologies and software to enable the connection of renewable sources.
Our Carbon Neutral Commitment:
Alongside our Net Zero Ambition we have committed to be carbon neutral in our operations (Scopes 1 and 2) by 2030.
Discover more about Our Carbon neutral commitmentAccelerating Breakthroughs In Innovation
We have of the most important roles to play in delivering the technology the world needs to make progress today to reduce greenhouse gas emissions while simultaneously innovating breakthrough technologies to succeed in the Energy Transition. Our Accelerators work in partnership with our businesses to enable the next generation of breakthrough technologies and support our customers with solutions to enable the Energy Transition.
Advanced Research
Advanced Research is GE Vernova’s hub for innovation, where research and development meets strategy creation, partnership building, and engineering genius with the pioneering spirit to enable a zero-carbon future.
Financial Services
Financial Services at GE Vernova offers project development and financial solutions to support customers from the early development stages to construction and into operations to enable energy transition projects.
Consulting Services
GE Vernova’s Consulting Services are solving the world’s toughest technical and economic problems, enabling technology integration and serving a diverse global client base with a strong local presence to accelerate a new era of energy.
FIND OUT ABOUT THE OTHER PILLARS OF OUR SUSTAINABILITY FRAMEWORK
The four pillars of our sustainability framework work together to help create a more equitable, thriving planet.
ELECTRIFY
Catalyze access to more secure, sustainable, reliable, and affordable electricity, and help drive economic development across the globe
CONSERVE
Innovate more while using less, safeguarding natural resources
THRIVE
Advance safe, responsible, and equitable working conditions in our operations and across our value chain