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Press Release

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10 min read

GE Vernova to invest almost $600 million in U.S. factories and facilities over next two years

CAMBRIDGE, MA (January 29, 2025) – GE Vernova Inc. (NYSE:GEV), America’s leading energy manufacturing company, is planning to invest nearly $600 million in its U.S. factories and facilities over the next two years to help meet the surging electricity demands around the world.The new investments – expected to create more than 1,500 new U.S. jobs – will help drive U.S. energy affordability, national security, and competitiveness, and enable the American manufacturing footprint needed to support expanding global exports.

Press Release

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68 min read

GE Vernova reports fourth quarter and full year 2024 financial results

Built a strong foundation in 2024 with solid growth, significant margin expansion and cash generationCAMBRIDGE, Mass., (January 22, 2025) – GE Vernova Inc. (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today reported financial results for the fourth quarter and full year ending December 31, 2024.

Press Release

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8 min read

U.S. utilities team up to accelerate deployment of GE Vernova’s BWRX-300 small modular reactor

WILMINGTON, NC (January 17, 2025) - GE Vernova’s nuclear business, GE Hitachi Nuclear Energy (GEH), today announced that it is part of a coalition of utility companies and supply chain partners that are collaborating to accelerate the deployment of the BWRX-300 small modular reactor (SMR) in the U.S.

Press Release

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6 min read

Gigawatt-scale repower orders position GE Vernova to meet soaring US energy demand

SCHENECTADY, NY. (January 17, 2025) - GE Vernova’s Onshore Wind business announced that it received orders in 2024 to repower over 1 gigawatt of wind turbines in the U.S. The projects will use nacelles and drive trains manufactured in the U.S. at GE Vernova’s Pensacola, Florida facility, where approximately 20 percent of the workforce are veterans, to support U.S. energy abundancy, affordability, and security.

Press Release

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6 min read

GE Vernova announces order to provide onshore wind turbines for Eurus projects in Aomori, Japan

TOKYO (January 9, 2025) - GE Vernova’s Onshore Wind business announced today that it has signed an order to provide 14 4.2MW-117m* turbines for the Iwaya and Shitsukari wind farms being developed by Eurus near Higashidori, Aomori Japan. The order was secured in the fourth quarter of 2024 and the projects are expected to reach commercial operations in 2028.

Press Release

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3 min read

GE Vernova to announce fourth quarter and full year 2024 financial results on January 22

CAMBRIDGE, Mass. (January 8, 2025) – GE Vernova Inc. (NYSE: GEV) is scheduled to release its fourth quarter and full year 2024 financial results on Wednesday, January 22, 2025, before market open.

Press Release

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8 min read

GE Vernova to provide HVDC System for South Korea’s largest power grid infrastructure project

Seoul, South Korea (December 23, 2024)— GE Vernova Inc. (NYSE: GEV) today announced that it has been chosen through its joint venture, KAPES, by Korea Electric Power Corporation (KEPCO) to deliver its advanced High Voltage Direct Current (HVDC) system, based on Line Commutated Converter (LCC) technology,  for the 500 kV Donghaean #2 to Dong-Seoul HVDC converter station project (EP2).

Press Release

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10 min read

GE Vernova awarded a major contract to build 2 GW offshore grid connection in the German Baltic Sea

CAMBRIDGE, Mass. (December 16, 2024) – GE Vernova Inc. (NYSE: GEV) today announced that, in consortium with Drydocks World, it has been awarded the Ostwind 4 project by 50Hertz, a leading German Transmission System Operator (TSO). The project involves the design, construction, and commissioning of a 2-gigawatt (GW) High-Voltage Direct Current (HVDC) electric transmission system—the first of its kind in the German Baltic Sea—connecting an offshore wind farm to the German grid.

Press Release

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12 min read

Technip Energies and GE Vernova awarded a major contract for the Net Zero Teesside Power project, which aims to be the world’s first gas-fired power station with carbon capture and storage

LONDON (December 11, 2024) - Technip Energies (PARIS:TE), leader of a consortium with GE Vernova and construction partner Balfour Beatty – with the support of technology partner Shell Catalysts & Technologies – received Notice to Proceed by NZT Power Limited to execute a major(1) contract for the Net Zero Teesside Power (NZT Power) project in the United Kingdom.

Press Release

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5 min read

GE Vernova declares $0.25 per share quarterly dividend and initial $6 billion share buyback

NEW YORK (December 10, 2024) – GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.25 per share quarterly dividend and approved an initial $6 billion share repurchase authorization. The quarterly dividend will be payable on January 28, 2025, to shareholders of record as of December 20, 2024.