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Press Release

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16 min read

GE Vernova raises multi-year financial outlook, initiates dividend and authorizes buyback

Strong financial trajectory from robust demand and better executionNEW YORK (December 10, 2024) – GE Vernova (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today hosts its 2024 Investor Update event to present its multi-year financial outlook and frame its capital allocation strategy.

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8 min read

GE Vernova to provide grid-stabilizing tech for 50Hertz’s renewable energy push in Germany

BERLIN, GERMANY (Dec 05, 2024) – GE Vernova Inc. (NYSE: GEV) today announced it has secured a contract from 50Hertz Transmission GmbH, one of Germany’s four transmission system operators, to provide advanced grid-stabilizing technology with an aim to enhance the reliability of Germany’s electrical power grid as it integrates more renewable energy sources.

Press Release

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8 min read

GE Vernova secures order from Dominion Energy for the modernization of Saluda Hydro power plant in South Carolina

GREENVILLE, SC  (December 2, 2024) – GE Vernova Inc. (NYSE: GEV) announced today that it has secured an order (3Q’2024) with Dominion Energy South Carolina for the modernization of two hydropower units installed at the Saluda Hydro power plant located on the Saluda River in the Southeastern region of the United States, approximately 10 miles west of the city of Columbia, South Carolina.

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7 min read

GE Vernova and SMS group to support energy transformation at SSAB’s Oxelösund steel plant in Sweden

Paris, FRANCE (Nov 26 , 2024) – GE Vernova Inc. (NYSE: GEV) today announced it has secured an order from SMS group to supply a  modular multilevel converter (MMC)-based direct feed system for SSAB’s 280 MVA electric arc furnace (EAF). The EAF will equip SSAB’s new melt shop in Oxelösund, Sweden.

Press Release

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7 min read

GE Vernova secures contract from Powerlink to supply essential grid equipment in Australia

QUEENSLAND, AUSTRALIA (Nov 26, 2024) – GE Vernova Inc. (NYSE: GEV) today announced it has secured a contract from Powerlink, Queensland’s state-owned transmission utility, to supply essential equipment for their upcoming Capital Work program. Under this agreement, GE Vernova will deliver 69 Dead Tank Circuit Breakers (DTCBs) rated 245 kV and above, supporting Queensland’s renewable energy targets and enhancing power infrastructure resilience.

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9 min read

Ghana’s President Commissions Early Power LTD’s Bridge Power Plant expected to boost thermal generation capacity by 7% with GE Vernova’s advanced technology

Accra, Ghana (November 21, 2024) - In a major advancement for Ghana’s energy infrastructure, the President of the Republic commissioned the Ghana Bridge Power Project yesterday Nov. 19 2024. This modern facility represents a significant milestone in Ghana’s commitment to expanding its power generation capacity while improving fuel efficiency and environmental sustainability. The project is to construct an up to 515MW power plant with a projected cost of $1.2 billion at Kpone, in the Heavy Industrial Area of Ghana.

Press Release

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8 min read

GE Vernova software to help Norway’s One Grid Operation deliver electricity more securely, reliably, and sustainably

CAMBRIDGE, Mass. (November 20, 2024) - GE Vernova Inc. (NYSE: GEV) today announced that One Grid Operation AS has purchased its GridOS® orchestration software to help deliver more secure, reliable, and sustainable electricity to customers. One Grid Operation is owned by two of Norway’s distribution system operators, Tensio AS and Linea AS.

Press Release

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2 min read

GE Vernova to host Investor Update event on December 10

CAMBRIDGE, Mass. (November 20, 2024) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer Scott Strazik and Chief Financial Officer Ken Parks will host an Investor Update event in New York, New York on Tuesday, December 10, 2024, at 4:30 PM EST. Strazik and Parks will provide an update on GE Vernova’s multi-year financial outlook and capital allocation strategy.

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10 min read

GE Vernova announces its first 100 percent hydrogen-fueled aeroderivative gas turbine solution

Baku, Azerbaijan (November 20, 2024) – On the sidelines of COP 29, GE Vernova Inc. (NYSE: GEV) announced today that the LM6000* gas turbine, included in the GE Vernova LM6000VELOX* packaged solution is planned to operate on 100 percent hydrogen at the Whyalla hydrogen power plant in the Upper Spencer Gulf, South Australia. GE Vernova announced it has secured an order with ATCO Australia for four LM6000VELOX units with commissioning expected in early 2026.

Press Release

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6 min read

GE Vernova announces agreement to strengthen and grow U.S. energy supply chain, acquiring gas turbine combustion parts business from Woodward, Inc.

GREENVILLE, S.C. (November 18, 2024) – GE Vernova, Inc. (NYSE: GEV) today announced that it has signed a definitive agreement to acquire Woodward, Inc.’s (NASDAQ: WWD) heavy duty gas turbine combustion parts business based in Greenville, S.C. This transaction is an important component of GE Vernova’s strategy of investing in U.S. manufacturing and jobs and strengthening its domestic supply chain.