OUR PURPOSE

The Energy To Change the World

 
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GE Vernova is innovating, deploying, and servicing technologies needed to help electrify and decarbonize the world. We are committed to building and delivering state-of-the-art technology to help reduce emissions today while investing in breakthrough technologies for a lower carbon future.

Technologies Today

Our energy businesses provide powerful, integrated solutions with innovative onshore and offshore wind turbines, some of the most efficient gas turbines, as well as advanced technology to modernize and digitize electrical grids.

Breakthrough Technologies

We are equally focused on the important role of building the breakthrough technologies the world will need in the future, including small modular nuclear reactors, carbon capture, utilization and sequestration (CCUS), and low and zero carbon fuels, such as hydrogen, for new and existing gas plants.

Our Roadmap to Our Net Zero Ambition

In 2021, GE announced an ambition to be a net zero company for its sold products by 2050, which is the most impactful and relevant emissions category given the nature of our businesses. GE Vernova technologies are contributing to many of the efforts that have driven the reduction of CO2 emissions in the energy sector to date, and our continuous effort is on innovating technologies both for our customers and for the planet as we work to play a leadership role in the power sector, meeting 2050 net zero goals.

We are prioritizing the 2020s as a decade of action, with a focus on innovating the technology solutions needed to achieve net zero emissions by 2050. This will take several forms, including advancing technology with the potential to further reduce carbon emissions and carbon intensity in this decade and beyond. While we are optimistic about the role of GE Vernova’s existing technologies to make progress through 2030, we know they will not be enough to achieve 2050 net zero ambitions. We are investing today to innovate the next generation of breakthrough technologies needed for the power sector. Applying these principles, we consider three pathways toward the net zero ambition.

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Pre - 2020

Building on substantial contribution from past action

2020 - 2030

Driving continued progress this decade

2030 - 2050

Innovating for the future

 
Pre - 2020
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Our efforts toward decarbonization began well before 2020. GE has long innovated its products to drive efficiencies and reduce CO2, emissions by delivering state-of-the-art products. Our past efforts since 2010 lay a strong foundation for the progress forward.
Our Impact
↑13%
GE installed base growth during 2010–2021
↑16%
increase in renewables and zero carbon power generation technologies (2010 – 2021)
↓22%
reduction in carbon intensity of the GE installed base (2010 – 2021)
 
Key Technologies
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Coal-to-gas switching with more than 50% fewer carbon emissions
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Onshore wind growth and capacity factor improvement (rotor diameter, height)
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Hydro/nuclear build and repowering
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World-record gas combined cycle plant efficiencies
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Advanced gas path upgrades reducing carbon emissions from installed gas turbines
2020 - 2030
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We are prioritizing the 2020s as a decade of action, with a focus on innovating the technology solutions needed to achieve net zero emissions in 2050. This will take several forms, including advancing technology with the potential to further reduce carbon emissions and carbon intensity in this decade and beyond.
Our 2030 Target
↓20-45%
reduction in carbon emissions relative to 2019 levels
 
Key Technologies
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Coal exit (new build)
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Offshore and onshore wind growth and capacity factor improvement
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Hydrogen or renewable natural gas blending
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Flexibility retrofits of existing plants to reduce emissions while balancing variable renewables
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LM6000 Hybrid EGT integrates battery storage with gas turbine, enabling contingency (spinning) reserve without fuel burn and emissions demand events
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Advanced transmission and distribution hardware/software to move renewables and ensure system resilience
2030 - 2050
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While we are optimistic about the role of GE Vernova's technologies to make progress through 2030, we know they will not be enough to achieve 2050 net zero ambitions. We are investing today to innovate the next generation of breakthrough technologies to achieve the step changes that will be needed for the power sector.
Our Focus
GE Vernova will focus, working with other industry participants, on bringing into service breakthrough technologies by the early 2030s to help achieve absolute emission reductions for the power sector’s path to net zero.
 
Key Technologies
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Post-combustion carbon capture improvements in cost, space and operating expense
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Small modular nuclear reactors
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100% hydrogen gas turbine capability across portfolio
 
 

We are in a transformative era of action not only for sustainability, but also for GE Vernova. With a continued commitment to innovation and technology as our North Star, I am optimistic about the path to improve our impact on our people, communities, and our planet.

Roger Martella

Chief Sustainability Officer