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Gas Power

GE Vernova inks milestone aeroderivative order to help enhance the stability of the energy grid in the Tennessee region

7 min read
  • 16 of GE Vernova’s LM6000VELOX* dual fuel DLE (dry low emissions) gas turbine and generator packages are expected to power Tennessee Valley Authority (TVA)’s Kingston Energy Complex

  • New plant aims to provide more flexible, reliable and dispatchable generation to support the growth in intermittent renewables

  • First LM6000VELOX was installed at TVA’s Johnsonville plant in middle Tennessee in 2023

ATLANTA, Ga (May 6, 2024) – GE Vernova Inc. (NYSE: GEV) today announced it has secured an order for 16 of its aeroderivative LM6000VELOX* package solutions, each including an LM6000* gas turbine and a generator, to be installed at Tennessee Valley Authority (TVA)’s Kingston Energy Complex on the Clinch River arm of Watts Bar Reservoir near Kingston, Tennessee. The new units are expected to deliver a flexible supply of up to 850 megawatts of electricity to help enhance the reliability of the energy grid and help ensure TVA’s energy consumers have uninterrupted access to affordable and reliable power.

“The Kingston Energy Complex highlights the way diverse generation works together to ensure TVA can provide more reliable, resilient and affordable power,” said TVA Chief Operating Officer Don Moul. “These aeroderivative units will help us meet demand during peak energy usage and supplement solar generation on days when sunshine is limited.”

GE Vernova’s LM6000VELOX packages, expected to start operation in 2028, feature dual-fuel capability to flexibly operate on natural gas or on liquid fuels, if needed. In addition, the DLE combustor configuration is capable to meeting stringent environmental regulations, meeting emissions limits that comply with the regional air district requirements and avoiding water consumption for NOx emissions abatement.

Already an industry leader in carbon reductions, TVA has reduced emissions by 57 percent from 2005 levels. Nearly 60% of TVA’s energy comes from carbon-free sources including nuclear, hydropower, storage, and solar.

“This milestone project marks GE Vernova’s commitment to supporting TVA’s efforts to ensure affordability and reliability of electricity while focusing on more efficient and sustainable energy generation," said Dave Ross, President of GE Vernova’s Gas Power in the Americas region. “TVA is actively integrating more renewables into the system, investing in new technologies, and retiring older, less efficient generation and they are doing this in a holistic way that helps to ensure affordability, reliability, and resiliency for their 10 million customers.”

The LM6000 gas turbines are well-known in the power generation industry for their quick start time in as little as 5 minutes to full power, high cyclic life helping to complement intermittent power from renewable sources, and operational flexibility which can help stabilize the grid and reduce the risk of electricity supply shortages.

These units are derived from jet-engine technology powering the world’s airlines jets. With over 40 million operating hours and an installed base of nearly 1,300 across approximately 60 countries, these turbines have more operating experience than any other aeroderivative gas turbine greater than 40 MW. The LM6000 offers greater than 99 percent start and operational reliability and over 98 percent availability.

GE Vernova’s LM6000VELOX package, announced in October 2023, features enhancements aiming to reduce site construction time for power generation utilities, EPCs, and other industry stakeholders. The solution features a quick package installation in a simple cycle configuration, with an expected reduced installation and commissioning schedule and consequent lower costs.

*Trademark of GE Vernova and/or its affiliates

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Notes to editors

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 expected future business and financial performance and financial condition, 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 the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

About GE Vernova
GE Vernova (NYSE: GEV) is 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 more than 80,000 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. GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and gas power plant technologies and services with the industry’s largest installed base of approximately 7,000 gas turbines.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Learn more: GE Vernova and LinkedIn.

end

© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE is a trademark of General Electric Company and is used under trademark license

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GE Vernova ‘Power Supplier Partnership Summit’ strengthens regional supply chain

4 min read
  • Companies from the Middle East, North Africa and other parts of the world honored with annual Supplier Partnership Award in the areas of safety, quality, on-time delivery, competitiveness, and overall partnership

Dubai, UAE (May 6, 2024)GE Vernova’s Gas Power business (NYSE: GEV) held the annual regional ‘Power Supplier Partnership Summit’ in Dubai, UAE, convening over 200 representatives from up to 135 organizations in person and virtually from across Europe, Middle East, Africa, and beyond.

The event featured insightful presentations and case studies, interactive discussions, and one-on-one meetings among senior representatives from GE Vernova and participating organizations. The themes covered revolved around safety, quality, power sector trends, challenges and opportunities, ideas on how to bridge gaps in the supply chain as various actors seek to decarbonize the region’s energy system while meeting growing demand, and more.

GE Vernova recognized select organizations with ‘Supplier Partnership Awards’ at the Summit for excellence in the areas of safety, quality, on-time delivery, competitiveness, and overall partnership. Awards were given to suppliers from various countries, including Algeria, Iraq, Libya and the UAE.

Joseph Anis, President and CEO of GE Vernova’s Gas Power business in Europe, Middle East & Africa (EMEA), said, “As organizations and governments look to accelerate the energy sector’s transition to net zero, we recognize that no one company or actor can deliver the world’s growing needs for more reliable, affordable, and sustainable power alone. Strengthening our vast network of diverse suppliers is a critical part of our strategy to maintain operational agility and help deliver the high quality solutions that our customers are looking for reliably and on time. By organizing events such as this annual summit, we contribute towards nurturing the regional supply chain and driving forward national industrialization and economic diversification goals to create greater shared value in the power sector.”

GE Vernova spun-off from GE (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines, GE Vernova's technology base helps generate about 30% of the world's electricity and has a meaningful role to play in the energy transition.

GE Vernova has a long history in the Middle East, with a presence here that spans back up to 90 years. The company has provided power generation, transmission, distribution, and digital solutions to support the development of the energy sector across the region. Its investments in the GCC include the GE Manufacturing and Technology Center campus in Saudi Arabia, the GE Kuwait Technology Center, and the Jebel Ali Service Center in the United Arab Emirates.

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NOTES TO EDITORS

Follow GE Vernova in Middle East & Africa on LinkedIn.

About GE Vernova
GE Vernova (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerators. 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 more than 80,000 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.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy.

end

© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE is a trademark of General Electric Company and is used under trademark license

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GE Vernova announces strategic initiatives with the Republic of Iraq to further strengthen the power sector

9 min read
  • Letter of intent with the Iraqi Ministry of Electricity (MoE) to inject 3 additional gigawatts (GW) of energy into the grid, generated by highly efficient combined cycle power plants

  • Five-year services and upgrade agreements with the MoE to enhance the availability of up to 7.5 GW of capacity across the country

  • Memorandum of understanding with the Iraqi Ministry of Oil to accelerate the use of flared gas to boost power generation 

  • New Monitoring and Diagnostics Centre to be built focusing on GE Vernova’s electrification software capabilities, which will also support Iraqi talent development through the specialized training of local engineers

Washington, D.C., United States of America; April 18, 2024: GE Vernova (NYSE: GEV) has announced multiple strategic initiatives with the Republic of Iraq aiming to boost generation and enhance the availability of power supply across the country. The announcements were made on the sidelines of the Iraqi Prime Minister H.E. Mohammed Shia’a Al-Sudani’s visit to Washington, D.C. and meeting with President Joe Biden.

The initiatives were signed, in the presence of H.E. Al-Sudani on April 17th in Washington D.C, by H.E. Hayan Abdul Ghani Al-Swad, the Iraqi Deputy Prime Minister for Energy Affairs and Minister of Oil; H.E. Dr. Muhammad Ali Tamim, the Iraqi Deputy Prime Minister and Minister of Planning; and Roger Martella, Chief Sustainability Officer and Head of Government Affairs at GE Vernova. The signings were attended by Ambassador Alina L. Romanowski, the U.S. Ambassador to the Republic of Iraq and Mr. Steve Lutes, the President of the US-Iraqi Business Council, and Vice President, Middle East Affairs at U.S. Chamber of Commerce.

The collaborations reflect the joint vision of the Government of the Republic of Iraq and GE Vernova to work together in order to strengthen and modernize power infrastructure, enable the transition to a lower carbon energy future, and promote economic development. The initiatives announced align with the Principles of Cooperation signed between Iraq’s Ministry of Electricity (MoE) and GE Vernova in 2023 to explore opportunities to increase power capacity and establish new power plants. They include:

  • A letter of intent signed with the MoE to explore injecting 3 additional gigawatts (GW) of energy into the grid generated by highly efficient combined cycle power plants. Additionally, the MoE and GE Vernova reiterated their commitment to move forward with the conversion of two sites, Samawa and Nasiriya, from simple to combined cycle, as well as to expand capacity at the Al Mansouria gas power plant.
  • Five-year services and upgrade agreements with the MoE to enhance the availability and efficiency of over 70 turbines and generators at 18 power plants, with a total capacity of up to 7.5 GW.
  • A memorandum of understanding (MoU) signed with Iraq’s Ministry of Oil to explore the accelerated use of flared gas to boost power generation in select oil fields. Iraq is ranked among the top gas flaring countries globally, and this MoU paves the way to future joint projects aiming to significantly reduce pollution and health hazards associated with flaring, while generating additional power.

These initiatives mark a milestone in our continued efforts to strengthen national power infrastructure,” said H.E. Zeyad Ali Fadhil, the Iraqi Minister of Electricity.As electricity demand in Iraq grows, we continue to work with leading companies like GE Vernova, to ensure that the power needs of residents and industrial users are met in a timely manner through advanced gas power generation technologies, on-time servicing and maintenance of energy infrastructure, and an accelerated use of flared gas, in collaboration with the Ministry of Oil. As an example, in preparation for the peak summer demand season in 2024, the MoE and GE Vernova’s teams completed the MXL2 upgrade on two of GE Vernova’s 13E2 gas turbines at Al Mansouria power plant, with a total capacity of up to 266 megawatts. Additionally, our teams continue to work on maintenance and upgrade projects covering up to 3.8 GW of capacity.”

As part of the new initiatives, GE Vernova also plans to set up a Monitoring and Diagnostics (M&D) Centre that will use the company’s electrification software capabilities for continuous monitoring of core power assets across 18 sites powered by GE Vernova’s 9E gas turbines. The Center is expected to be operated by the MoE’s team, and is projected to help mitigate operational risks, reduce unplanned outage costs, and enable Iraqi talent development through knowledge transfer and the specialized training of local engineers.

In 2021, GE Vernova proposed a 10-point strategy to help accelerate Iraq’s energy transition, including a series of measures that were part of today’s announcements,” said Joseph Anis, President and CEO of GE Vernova’s Gas Power business in Europe, Middle East, and Africa.These announcements reflect our committed to keep driving progress for the Iraqi people. We aim to continue to work closely with the Iraqi government and other stakeholders to help deliver more affordable, reliable, and lower carbon power that supports the growing needs of citizens and faster, more sustainable economic development, to the benefit of present and future generations.”

GE Vernova has a strong legacy of contributing to the development of Iraq’s energy sector. The company has added up to 19 GW of capacity in the country in just over a decade, completed up to 30 substations over the past 10 years, as well as delivered phase one of the interconnection with the Hashemite Kingdom of Jordan’s grid, which was inaugurated by the Iraqi government in March 2024. Furthermore, GE Vernova has supported the government of Iraq to secure over US$ 3 billion in funding for energy sector projects since 2015. The company employs over 200 people in the country, more than 95 percent of them Iraqis.

###

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 expected future business and financial performance and financial condition, 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 the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

end

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.

© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE is a trademark of General Electric Company and is used under trademark license

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H.E. Hayan Abdul Ghani Al-Swad & Roger Martella
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Dr. Muhammad Ali Tamim & Roger Martella
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GE Vernova’s advanced technology to help LG&E and KU further diversify utilities’ portfolio of safe, reliable, affordable and sustainable energy

8 min read
  • GE Vernova to power a new natural gas combined cycle generating unit (NGCC) at LG&E and KU’s existing Mill Creek Generating Station, with an expected project completion of 2027.

  • The utilities’ latest NGCC, dubbed Mill Creek Unit 5 (MC5), will feature GE Vernova’s most advanced power generation equipment and technology.

Atlanta, Georgia: April 11, 2024 – GE Vernova’s Gas Power business (NYSE: GEV) today announced it has secured an order for its 7HA.03 combined-cycle plant equipment from Louisville Gas and Electric Company and Kentucky Utilities Company (LG&E and KU), regulated utilities that are part of the PPL family of companies (NYSE: PPL), to power a new natural gas combined-cycle generating unit (NGCC) at the utilities’ existing Mill Creek Generating Station in Louisville, Kentucky.

Last year, the Kentucky Public Service Commission approved LG&E and KU’s plans to retire two aging coal generation units and build a new NGCC at its Mill Creek Generating Station. The commission also approved solar energy projects, battery storage, and a suite of energy efficiency programs.

“We’re proud to serve the communities in which our employees live and work at the lowest reasonable cost, and the addition of a new NGCC at our Mill Creek Generating Station – which has provided ‘round the clock’ energy to our customers for decades – is an important part of how we’re continuing to plan for Kentucky’s energy future in a responsible, affordable and reliable way”, said Lonnie Bellar, senior vice president, Engineering and Construction. “We’re also proud to partner with GE Vernova on bringing to life what will be the most advanced NGCC generating unit in our fleet”.

MC5 is expected to have an output of approximately 645-megawatts (MW) and will feature the most advanced GE Vernova 7HA.03 gas turbine, which will be fueled initially by natural gas, with the ability to utilize up to 50 percent hydrogen (by volume) as hydrogen becomes more available in the future.

GE Vernova will also provide a STF-D650 steam turbine along with a W86 generator, a Vogt Heat Recovery Steam Generator (HRSG) and its integrated Mark* VIe control system for gas turbine performance management. NGCCs, like MC5, have the lowest carbon dioxide (CO2) emissions and other emissions of all fossil-fuel powered generation.

“GE Vernova’s advanced HA gas turbines produce less than one-third of the carbon emissions of a similar coal-fired generating station, so constructing a NGCC works in harmony with LG&E and KU’s future carbon reduction plans by incorporating the potential of hydrogen-based fuels and carbon-capture technologies”, said Dave Ross, President of GE Vernova’s Gas Power in the Americas region. “We are honored to support LG&E and KU in this project, not only through bringing our advanced HA power generation equipment, but also by working to ensure its best operation through the deployment of controls software and remote monitoring abilities well into the future”.

The performance of the new 7HA.03 gas turbine includes a highly flexible ramp rate of 75MW/min as validated at GE Vernova’s Test Stand 7 in Greenville, South Carolina.

GE Vernova will also provide services to help increase operational efficiency, expected to generate key savings in maintenance costs due to less unplanned maintenance for the combustion turbines. Data collected from sensors throughout the facility will be monitored and analyzed 24/7 at GE Vernova’s Monitoring & Diagnostics (M&D) Center in Atlanta.

The plant will be built by TIC—The Industrial Company, a subsidiary of Kiewit, one of North America’s largest engineering and construction companies.

###

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 expected future business and financial performance and financial condition, 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 the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

About LG&E and KU
Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 335,000 natural gas and 436,000 electric customers in Louisville and 16 surrounding counties. KU serves 545,000 customers in 77 Kentucky counties and 28,000 in five counties in Virginia. More information is available at www.lge-ku.com and www.pplweb.com.

end

GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and power plant technologies and services with the industry’s largest installed base. 

© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE is a trademark of General Electric Company and is used under trademark license

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GE Vernova secures H-class gas turbine order to convert aged coal-fired power plant in South Korea

7 min read
  • GE Vernova’s 7HA.02 gas turbine, which is already capable to operate with blends of hydrogen and natural gas, has been selected to power Korea Western Power Co., Ltd’s Gongju-si power plant in Chungcheongnam

  • The new H-Class gas turbine power plant is expected to support coal-fired power phase out while enhancing the reliability and stability of the Korean electricity grid

  • GE Vernova’s advanced 7HA.02 gas turbines will be fueled initially by natural gas, with the targeted fuel switch to blends of hydrogen when available

Seoul, South Korea: April 8, 2024 - GE Vernova’s Gas Power business (NYSE: GEV) today announced it has secured an order from Korea Western Power Co.,Ltd (KOWEPO),a subsidiary of Korea Electric Power Corporation (KEPCO), to provide a GE Vernova 7HA.02 gas turbine and a H65 generator for KOWEPO’s power station in Gongju-si, Chungcheongnam-do Republic of Korea. For the project GE Vernova is part of an international consortium, including the Korean engineering, procurement and construction (EPC) company Daewoo E&C.

KOWEPO’s aged coal-fired plant is expected to be replaced with Gongju-si natural gas power generation, expected to reach an output of 500 Megawatts, while enabling future fuel mix combustion of up to 30 percent by volume of hydrogen, subject to the development of a hydrogen manufacturing industry of an appropriate size and scale.

This power plant will add new capacity, expected to increase power supply security in South Korea while continuing to phase out coal power generation. In addition, it will help expand a more reliable deployment of renewable energy resources in our country as we’ll be more capable to dispatch power quickly in response to grid fluctuations,” said a representative from KOWEPO. “The new power plant will be capable to operate on up to 30% hydrogen by volume, in line with the national goal to deploy renewables and green hydrogen at large scale and achieve carbon neutrality by 2050.”

The new power plant targets to begin operation in 2027. Switching from a coal plant to its gas equivalent can alone reduce carbon emissions by as much 60 percent, and lower emissions levels for other pollutants such as mercury, NOx, SOx and particulate matter, when using one of the most advanced of GE Vernova’s HA gas turbines.

In a country with an increasing power demand due to planned coal-fired power plant retirements, we are proud to support a lower-carbon future in Korea,” said Ramesh Singaram, President and CEO GE Vernova’s Gas Power in Asia. “We are committed to providing KOWEPO with our advanced gas turbine technology to accelerate coal phase-out and support an increase in the share of renewables as we work towards lower-carbon gas-based power generation with hydrogen. Once in operation, Gongju-si power plant is expected to be among the most efficient and flexible power plants in the country.”

GE Vernova is a major player in power generation in South Korea. GE Vernova ’s gas turbines (simple and combined cycle) in the country have the capacity to generate more than 14 Gigawatts of electricity with an installed base of over 78 units. The company has been present in South Korea since 1976, working closely with local companies to support the country’s growth in the energy sector. In 2015, GE Vernova undertook a large-scale manufacturing plant investment in Changwon, South Korea, by acquiring Doosan’s HRSG business.

###

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 expected future business and financial performance and financial condition, 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 the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

end

GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and power plant technologies and services with the industry’s largest installed base. 

© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE is a trademark of General Electric Company and is used under trademark license

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Technip Energies and GE Vernova advance the UK’s transition to net-zero with one of the world’s first commercial scale gas-fired power and carbon capture projects

11 min read
  • Net-Zero Teesside (NZT) Power is expected to be one of the first gas-fired power stations of its kind - fully integrated with carbon capture technology.
  • Consortium and technology selection marks an important next step towards the proposed development of bp’s NZT Power project in the UK, aiming to capture up to 2 million tonnes of CO2 per year.
  • Project is expected to provide flexible, dispatchable low-carbon power equivalent to the average electricity requirements of around 1.3 million UK homes, and to progress the deployment of carbon capture technology in line with the UK Government’s net-zero programme.

Technip Energies (PARIS: TE), leader of a consortium with GE Vernova, and construction partner, Balfour Beatty, received a Letter of Intent from bp, on behalf of NZT Power Limited for the execution phase of the Net Zero Teesside Power (NZT Power) in the United Kingdom.

This landmark project is poised to become one of the world’s first commercial scale gas-fired power stations with carbon capture, expected to capture up to 2 million tonnes of CO2 per year. The project is set to provide flexible, dispatchable low-carbon power equivalent to the average electricity requirements of around 1.3 million UK homes, further supporting the nation's transition to a cleaner energy future.

The NZT Power project is also a key component of the Carbon Capture, Usage and Storage (CCUS) East Coast Cluster and has been shortlisted for government funding support as part of the UK's net-zero programme. This selection follows the Development Consent Order recently having been granted by the Secretary of State for the Department for Energy Security and Net Zero.

The Technip Energies and GE Vernova consortium, supported by leading infrastructure group Balfour Beatty, will play an important role constructing a highly efficient combined cycle plant. It will be powered by an advanced GE Vernova 9HA.02 gas turbine, a steam turbine, a generator and a Heat Recovery Steam Generator (HRSG), which will integrate with a state-of-the-art carbon capture plant using Technip Energies’ Canopy by T.ENTM solution powered by the Shell CANSOLV® CO2 capture technology.

Technip Energies, GE Vernova, and Balfour Beatty, supported by Shell in the UK are forming the Carbon Capture Alliance (CCA). The alliance members are deeply committed to long-term investment in the UK, with members already possessing a significant UK footprint and a mature UK supply chain.

In March 2023, the UK government announced up to £20 billion to support the initial deployment of CCUS, focused on creating four clusters by 2030, including the East Coast cluster which includes Teesside. Government analysis shows that up to 10 gigawatts of power CCUS could be needed in order to decarbonise the UK power sector by 2035 (10GW is around 10% of the total UK electricity system today).

Arnaud Pieton, CEO of Technip Energies, commented, “Our selection for the Net Zero Teesside Power project is a testament to Technip Energies growing leadership position as an integrated state-of-the-art CCUS solutions provider. By capturing up to 2 million tonnes of CO2 at a large power plant, we collectively rise to the challenge of scale by providing sustainable and available energy at a large scale. With our partners GE Vernova and Balfour Beatty, we are honoured to contribute to this flagship project that supports bp and the UK in their goal of developing one of the first decarbonised industrial clusters in the world.”

Maví Zingoni, CEO, Power at GE Vernova, commented: “The development of Net Zero Teesside Power, one of the world’s first commercial scale gas-fired power stations with carbon capture, marks a huge step towards supporting the UK government’s commitment to fully decarbonise its power system by 2035. GE Vernova will help bring proven expertise in natural gas combined cycle plant engineering, operability, and full-scale integration to support carbon abatement for this project. We believe post-combustion carbon capture can play a crucial role in reducing emissions and ensuring dispatchable power in the future.”

Leo Quinn, CEO of Balfour Beatty Group, said: “Today’s announcement takes us a step closer to realising one of the world’s first commercial scale gas-fired power stations with carbon capture . It’s a significant milestone in delivering the critical infrastructure needed to transition the UK to Net Zero. Balfour Beatty’s market leading capabilities, underpinned by our unrivalled experience and proven track record in delivering complex infrastructure projects, means we are perfectly positioned to support the delivery of this critical project alongside Technip Energies and GE Vernova – proving on the world-stage that the UK is primed and ready to lead the way in decarbonising our industrial footprint.”

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About Technip Energies 
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.

Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.

Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”). For further information: www.ten.com.

About GE Vernova
GE Vernova is a planned, purpose-built global energy company that includes Power, Wind, and Electrification businesses and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. 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 more than 80,000 employees across 100+ countries around the world. GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

About Balfour Beatty 
Balfour Beatty is a leading international infrastructure group with over 25,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow.

We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

Over the last 114 years we have created iconic buildings and infrastructure all over the world. Currently, we are working to deliver Hinkley Point C, the first UK nuclear power station in a generation; constructing the world-class arts and cultural facility, the Lyric Theatre, in Hong Kong; and designing, building, financing, operating and maintaining the Automated People Mover superstructure at the fifth busiest airport in the world, Los Angeles International Airport.

Important Information for Investors and Securityholders

Forward-Looking Statement

This Press Release contains forward-looking statements that reflect Technip Energies’ (the “Company”) intentions, beliefs or current expectations and projections about the Company's future results of operations, anticipated revenues, earnings, cashflows, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are often identified by the words “believe”, “expect”, “anticipate”, “plan”, “intend”, “foresee”, “should”, “would”, “could”, “may”, “estimate”, “outlook”, and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on the Company’s current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on the Company. While the Company believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Company will be those that the Company anticipates.

All of the Company’s forward-looking statements involve risks and uncertainties, some of which are significant or beyond the Company’s control, and assumptions that could cause actual results to differ materially from the Company’s historical experience and the Company’s present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.

For information regarding known material factors that could cause actual results to differ from projected results, please see the Company’s risk factors set forth in the Company’s 2022 Annual Financial report filed on March 10, 2023, with the Dutch Authority for the Financial Markets (AFM) and the French Autorité des Marchés Financiers which include a discussion of factors that could affect the Company's future performance and the markets in which the Company operates. Please also see Section 1.3 (Principal Risks and Uncertainties) of the Company's 2023 Half-Year Report which was filed with the AFM and the AMF on July 27, 2023.

Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. The Company undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.

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Phil Lindsay
Technip Energies | VP, Investor Relations
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GE Vernova | Media Relations Leader, Power
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Innovation

Ammonia’s Big Bang: GE Vernova and Japan’s IHI Aim to Unleash Ammonia Value Chain

Gregor Macdonald
Shutterstock Yokohama

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The world needs a breakthrough to lower emissions from heavy industry, and a solution may be brewing in Japan. IHI Corporation, one of the country’s oldest manufacturers, and GE Vernova have teamed up in recent years to work to unlock the secrets of ammonia. Under their latest joint development agreement, signed on Christmas Day 2023, the companies will work for the next two years developing technology to combust ammonia in turbines that normally run on natural gas.

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Innovation

Racing Toward Net Zero: How GE Vernova’s H-Class Turbines Are Helping Germany Transition from Coal to Gas, H2

Will Palmer
Heilbronn after fuel switch

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It was in the southwestern German city of Stuttgart in the 1880s that Karl Benz devised what is considered the first automobile, the Benz Patent-Motorwagen No. 1. ­­­­­Today Stuttgart serves as the headquarters of automakers like Mercedes-Benz and Porsche, making the city synonymous with speed. So it’s fitting that Stuttgart is now one of the sites where the country is racing ahead of the pack in one of the 21st century’s biggest industrial challenges.

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Gas Power

GE Vernova to collaborate with Duke Energy on nation’s first 100% green hydrogen-fueled peaking power plant

7 min read
  • Duke Energy’s DeBary plant is expected to become among the first commercially operational power plants to produce, store, and use green hydrogen for peaking power applications
  • GE Vernova will support the full-scale integration of the gas turbine with green hydrogen including the upgrade of the existing GE 7E gas turbine installed onsite

Volusia, Florida - November 7, 2023 - GE Vernova’s Gas Power business (NYSE: GE) today announced that it will support the development of an end-to-end green hydrogen system that Duke Energy plans to build and operate at its DeBary plant, located in Volusia County, Florida near Orlando. When operational in 2024, the new hydrogen system will provide peak power to Duke’s customers at times of increased electricity demand.

The plant will be the first in the nation and among the world’s first power plants to produce and use green hydrogen to power a gas turbine for peaking power applications, when the grid requires additional electrical generation to meet demand. The production, storage, and end-use will be co-located at the DeBary power plant.

GE Vernova will support the integration of the turbine with green hydrogen, including the upgrade on one of the four GE 7E gas turbines installed at the site to accommodate hydrogen fuel blends of significant volumes. This will be the first commercial operation of this ability.

The DeBary Hydrogen Project will leverage Duke Energy’s installed solar array to operate electrolyzers to create green hydrogen, which will be stored on-site. Then, the green hydrogen will be used to power the gas turbine with up to 100% hydrogen fuel to support periods of peak demand for electricity.

“This first-ever, commercial operation of a gas turbine on 100% hydrogen will be a groundbreaking achievement for Duke Energy and for our industry. Our existing solar field and gas turbines at DeBary provide a unique opportunity for us to produce green hydrogen, store it onsite and then combust it to ensure reliable service when electricity demand is high,” said Regis Repko, Duke Energy’s senior vice president of generation and transmission strategy. “This combination of technologies will allow gas turbines to become decarbonized, dispatchable assets that support the addition of more renewables to our grid, and we appreciate the opportunity to collaborate on such an innovative project with GE Vernova and others.”

Demand for energy in the United States and globally is increasing rapidly, making it even more challenging to rely solely on intermittent, renewable energy to keep the power grid operational when the wind is not blowing, or the sun is not shining. However, hydrogen produced from excess renewable energy during optimal generation conditions and stored for later use by gas turbines can provide a unique mechanism to help ensure reliable, affordable, and more sustainable electricity generation.

“GE Vernova is thrilled to work closely with Duke Energy on this project, which is a perfect example of the interplay opportunities between renewable energy and efficient gas-fired combustion technologies and exhibits how gas turbines are an essential technology in the energy transition,” said Eric Gray, President and CEO of GE Vernova’s Gas Power business. “Multiple engineering and consulting teams located across GE’s sites worldwide will support the DeBary Hydrogen Project, perform any needed modifications to the gas turbine and work with Duke Energy to support the overall integration of the hydrogen fuels. We are honored to work with Duke Energy in this first-of-its-kind project.”

To support the project, GE began working with Duke Energy on a hydrogen plant readiness assessment in 2021. Following the installation of the electrolyzer equipment and hydrogen storage capacity on site, GE Vernova will execute modifications to the existing gas turbine infrastructure at the DeBary plant, including the fuel handling systems, valves and piping compatible with higher blends of hydrogen operation and up to 100% hydrogen (by volume). GE Vernova will also install the fuel skid with hydrogen blending, finalize control modifications, and support the overall integration of the project to support 100% hydrogen operation expected in 2024.

When fully operational, the converted 83 megawatt (MW) 7E gas turbine will have the ability to operate on natural gas, liquid fuel, 100% hydrogen, or a blend of natural gas and hydrogen providing the site with complete fuel and operating flexibility while maintaining plant reliability.

Located just north of Orlando, the Duke Energy Florida DeBary plant consists of a 74.5 MW solar power plant spread across an area covering the equivalent of almost 200 football fields and a 692 MW gas power plant for reliable reserve power. The power plant is powered by six of GE’s 7B gas turbines and four of GE’s 7E gas turbines.

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About GE Vernova
GE Vernova is a planned, purpose-built global energy company that includes Power, Wind, and Electrification businesses and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. 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 more than 80,000 employees across 100+ countries around the world. GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

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Gas Power

GE Vernova secures two H-class combined cycle equipment orders with hydrogen capability to replace coal power plants in Germany

8 min read
  • EnBW awarded two hydrogen-ready combined heat and power plants in Heilbronn and Altbach/Deizisau, near Stuttgart, to an international consortium, led by GE Vernova
  • The two H-Class gas turbine powered plants are expected to deliver nearly 1.4 GW of electricity and steam for the citizens, commerce and industry of Heilbronn and the larger Stuttgart area
  • The two projects will support coal-fired power phase out while enhancing the reliability and stability of the German electricity grid
  • GE Vernova’s advanced 9HA.01 gas turbines will be fueled initially by natural gas, with the targeted fuel switch to 100% by volume of hydrogen in the 2030s

Altbach/Deizisau, Germany ‒ November 6, 2023 ‒ GE Vernova’s Gas Power business (NYSE: GE) today announced it has secured two orders from EnBW to provide H-Class natural gas-fired combined cycle power generation equipment for EnBW’s Combined Heat and Power (CHP) power stations in Heilbronn and Altbach/Deizisau, near Stuttgart, the capital and largest city of the German state of Baden-Württemberg. The orders include the equipment, construction of the plants as well as software solutions, maintenance and services for ten years. GE Vernova will lead an international consortium for the projects, including the engineering, procurement and construction (EPC) companies Bonatti and SENER. The projects will replace existing coal-fired plants with more efficient natural gas fired plants while enabling future fuel mix combustion of up to 100% by volume of hydrogen in the 2030s.

Heilbronn and Altbach/Deizisau efficient CHP plants are expected to deliver in total nearly approximately 1340 megawatts (MW) to the national grid, the equivalent needed to power approximately 2,4 million German homes1, as well as steam for district heating for the citizens, commerce and industry of Heilbronn and the larger Stuttgart area.

Each 680MW power plant will replace existing coal-fired units at Heilbronn and Altbach/Deizisau, with the new plants targeted to begin operation by the end of 2026. Switching from a coal plant to its gas equivalent can alone reduce carbon emissions by as much 60%, and lower emissions levels for other pollutants such as mercury, NOx, SOx and particulate matter, when using the most advanced HA gas turbines.

In conjunction with this announcement, EnBW today celebrated the commencement of construction work at the Altbach site at the presence of local authorities. The project is aligned to the European and national regulations in the decarbonisation path towards 2050 to promote district heating in achieving the goals of efficiency, energy sustainability, use of renewables, and reduction of fossil fuel use.

“Today we celebrated the start of the works with the local authorities, and our partners,” said Michael Class, Senior Vice President Generation Portfoliomanagement, EnBW. “These power plants will help to increase power supply security in Germany while continuing to phase out coal and expand a more reliable deployment of renewable energy resources in our country as we’ll be able to dispatch power quickly in response to grid fluctuations. In addition, the two power plants are designed to operate on up to 100% hydrogen by volume, in line with the national goal to deploy renewables and green hydrogen at large scale, but foremost in line with EnBW’s sustainability goals to be carbon-neutral by 2035. Others talk about hydrogen-ready power plants – we already started to built them. That makes the difference!”

“In a region with an increasing power demand due to planned coal-fired retirements, we are proud to work with EnBW, Bonatti and Sener, to support a lower-carbon future in Germany,” says Brice Raisin, Senior Executive Sales Leader of the GE Vernova’s Gas Power business. “Heilbronn and Altbach/Deizisau CHPs will be the first new GE Vernova’s H-Class combined heat and power plants to be installed in Germany, and they are expected to be among the most efficient and flexible, once they begin operation. We are committed to providing our advanced gas turbine technology to accelerate coal phase-out and increase the share of renewables as we work towards zero-carbon gas-based power generation with hydrogen.”

H-class fired combined heat and power plants can offer tremendous benefits to the residents of Stuttgart and the federal state of Baden-Württemberg. District heating application from gas-fired power plants is a good addition to heat pumps or solar thermal systems, which on one hand require a lot of space and can therefore often not be implemented in inner-city buildings and, on the other hand, heat from solar thermal systems is mainly only available in summer.

Each plant will be powered by a GE 9HA.01 gas turbine, an STF-D650 steam turbine, a W88 generator, a triple pressure with reheat Heat Recovery Steam Generator (HRSG) and GE Vernova's integrated Mark* VIe Distributed Control System (DCS) software solution to improve asset visibility, reliability, and availability while reducing operating and maintenance costs.

The agreement includes services and maintenance for ten years, as well as GE Vernova’s Digital business’ Asset Performance Management (APM) software. Using APM Reliability in the cloud, EnBW can gain access to powerful Digital Twin technology that allows for the use of Predictive Analytics to help reduce costs, achieve higher availability, and increase reliability and efficiency by amplifying the performance of the 9HA.01 once the power plants are operational.

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About GE Vernova
GE Vernova is a planned, purpose-built global energy company that includes Power, Wind, and Electrification businesses and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. 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 more than 80,000 employees across 140+ countries around the world. GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. GE Vernova’s Digital business is focused on providing a suite of software products and services to customers aiming to accelerate a new era of energy by electrifying and decarbonizing the energy ecosystem through intelligent and efficient data analytics, monitoring, and management.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

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