2024-11-23
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Newsarchive - GE Vernova 1

GE Vernova reports third quarter 2024 financial results

GE Vernova reports third quarter 2024 financial results

10/24/2024

GE Vernova signs agreement to supply turbines for 228 MW Boulder Creek Wind Farm in Australia

GE Vernova signs agreement to supply turbines for 228 MW Boulder Creek Wind Farm in Australia
10/11/2024

+++ Project to use GE Vernova’s 6 MW–164m workhorse turbine +++ Queensland wind farm deal includes five-year full-service agreement +++ Power for equivalent of 85,000 homes +++ First project-financed split-scope wind farm in Australia +++

DTEK and GE Vernova to work together on stronger, greener energy system

DTEK and GE Vernova to work together on stronger, greener energy system

06/12/2024

Signing of a memorandum of understanding at the Ukraine Recovery Conference

GE Vernova, Kandenko and Cosmo Eco Power to develop onshore wind farm in Fukushima, Japan

GE Vernova, Kandenko and Cosmo Eco Power to develop onshore wind farm in Fukushima, Japan
01/31/2024

Signed Turbine Supply Agreement for 28 units of GE Vernova’s 3.2-103 turbine and long-term Full Service Agreement; Total installed capacity is approximately 90 MW, which can meet the power demand of an estimated 50,000 households on an annual basis;Turbines will power Abukuma South Wind Power LLC in Fukushima, Japan with support from Fukushima prefecture to increase the share of renewable energy

GE Vernova announces 1.4 GW of onshore wind projects with Squadron Energy in Australia

GE Vernova announces 1.4 GW of onshore wind projects with Squadron Energy in Australia

01/31/2024

GE Vernova to supply the 6.0-164 workhorse turbine in strategic framework agreement, providing 1.4 GW of power generation across three sites

GE Vernova CEO outlines some key energy trends in 2024

GE Vernova CEO outlines some key energy trends in 2024
01/25/2024

GE Vernova CEO Scott Strazik shares the trends across the energy transition that he is watching in 2024, from electrification demands intensifying and continued expansion of renewables, to hydrogen increasingly integrated into gas turbine technology and a breakout moment for small modular nuclear reactors (SMRs)

GE Vernova announces 2.4 GW order for Pattern Energy’s SunZia wind project

GE Vernova announces 2.4 GW order for Pattern Energy’s SunZia wind project

01/12/2024

Expected to be the largest wind project in US history, powered by GE’s next generation workhorse turbine 3.6-154

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

GE Vernova to collaborate with Duke Energy on nation’s first 100% green hydrogen-fueled peaking power plant
11/09/2023

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

GE Announces Planned Spin-Off Timing Beginning of Second Quarter of 2024; Selects Listing Exchanges and Ticker Symbols for Future Independent GE Vernova and GE Aerospace

10/25/2023

Tax-free spin-off planned for completion in the beginning of the second quarter of 2024 / Following completion of the planned spin-off, shares of GE Vernova will be listed on the New York Stock Exchange under the ticker symbol “GEV”; GE Aerospace will continue GE’s listing on the New York Stock Exchange under the ticker symbol “GE”

GE Vernova awarded bulk order by Amprion for power interconnection transformers to reinforce electrical grid in Germany

09/20/2023

To help meet complex grid needs due to the energy transition, German transmission system operator Amprion GmbH has ordered 400 kV transformers from GE Vernova’s Grid Solutions business / They will help contribute to the supply of electricity to 29 million people covered by Amprion’s grid / GE Vernova is committed to continuing to provide leading technological solutions to address the ever-evolving challenges faced by grid operators

Varco Energy selects GE Vernova to partner on the launch of Native River 57MW/138MWh battery system

09/12/2023

Varco Energy, a pioneering UK-based battery storage asset owner and operator, and GE Vernova’s Solar & Storage Solutions business (GE Vernova), are pleased to announce a partnership for the development of a 57MW/138MWh transmission connected Battery Energy Storage System (BESS) south of Liverpool.

GE Vernova announces two additions to leadership team

08/28/2023

Ken Parks to become Chief Financial Officer of GE Vernova / Vic Abate to become Chief Executive Officer of GE Vernova’s Wind segment / GE Vernova Leadership Team fully staffed ahead of spin-off

GE Vernova acquires Greenbird to accelerate GridOS® innovation and help utilities reduce the complexity of energy data integration

08/15/2023

Acquisition highlights GE Vernova’s commitment to invest strategically in technologies and talent that help accelerate the sustainable energy grid / Greenbird’s utility-focused technology and data integration experts will expand the capabilities of the company’s GridOS® software portfolio, allowing grid operators to more easily connect systems and integrate data at scale / Reducing the complexity of big data integration for utilities creates more opportunities for AI-driven grid automation and enables them to move at speed to meet decarbonization targets and electrification demand while managing climate-related disruptions

GE Vernova's Grid Solutions to supply air-insulated substations to Casa dos Ventos’ Serra do Tigre Wind Complex in Brazil

08/04/2023

GE Vernova's Grid Solutions business will supply two 500 kV air-insulated substations (AIS) to the municipalities of Currais Novos and Sao Tome, both in Rio Grande do Norte (RN), and a connection bay in Santa Luzia, Paraiba (PB) / The wind complex has 756 MW of installed generation capacity / The Grid Solutions equipment can support additional wind energy production, if needed in the future

GE Vernova announces two additions to leadership team

08/01/2023

GE announced that GE Vernova, the company’s portfolio of energy businesses, has appointed two new leaders to its leadership team.

GE announces second quarter 2023 results

07/25/2023

Double-digit growth in orders, revenue, operating profit, and cash; raising 2023 guidance

Great Britain needs tangible progress within the next three years to meet net zero targets, says GE Vernova study

07/10/2023

Additional 250 GW of renewable and decarbonised generation, approximately 2.5 times that of existing capacity, will need to be added to the power system / More than £50bn investment, twice as much as that of the past five years, is required in power generation and storage capacity alone this decade / 80 GW additional transmission line capacity is required along the Scottish and English boundaries, to optimise use of renewable electricity

GE Vernova selected by Amplus Solar for its first onshore wind project in India

06/16/2023

GE Vernova to supply and commission 40 units of its 2.7-132 onshore wind turbines for Amplus Solar’s first wind project in Tamil Nadu, India / GE’s onshore wind installed base in India is projected to exceed 5 GW

GE Vernova’s Power Conversion business is helping steel producers meet both the challenge of decarbonization and grid stability

06/13/2023

Power Conversion – a GE Vernova business – has developed Direct Feed, an advanced solution directly connected to the grid to help steel producers optimize their OPEX, while delivering ultimate grid power quality / With more than 120 years of expertise in the manufacturing of power electronics solutions, GE Vernova is a partner of choice for the co-development of H2 electrolysis systems

GE Vernova announces $50 Million investment & ~200 wind manufacturing jobs in New York

05/24/2023

New US-based manufacturing assembly line for GE Vernova’s 6.1 MW onshore wind turbine / Hiring ~200 new manufacturing assembly employees in Schenectady, New York / Inflation Reduction Act driving additional investments and jobs in the U.S.

GE Vernova’s Onshore Wind business announces expanded product marketplace

05/24/2023

One-stop shop for wind turbine spare parts and essentials / Expanded offerings, including other-OEM products / Simpler, streamlined platform

GE Announces Chief Financial Officer Transition

05/23/2023

Names Rahul Ghai Chief Financial Officer

Big Yellow Box: Long-Distance HVDC Transmission Will Support Next Wave of Offshore Wind Off North Sea Coast

05/10/2023

Last May, four countries in Northern Europe declared their intention to install at least 65 gigawatts (GW) of offshore wind energy in the wind-rich North Sea by 2030, up from the current 20 GW. It’s another sign that the offshore wind industry is set for an unprecedented boom as the technology improves and countries rush to reduce their reliance on fossil fuels and speed the journey to net zero.

GE announces First Quarter 2023 Results

04/26/2023

Double-digit orders and revenue growth with positive free cash flow; raising low end of 2023 guidance

Two GE-led consortiums in agreement with TenneT for award of contracts totaling approx. 10 Bln Euros to build state-of-the-art HVDC systems for TenneT’s 2GW program

04/04/2023

Dutch-German Transmission Systems Operator (TSO) TenneT awards GE Grid Solutions consortium with Sembcorp Marine three projects in the Netherlands, while TenneT has entered into an agreement with GE-led consortium with McDermott to award two projects in Germany / TenneT's innovative High-Voltage Direct Current (HVDC) 2GW Program in the Dutch and German North Sea is one of the most important infrastructure projects of the century / The program will play a critical role in strengthening Europe’s energy security, while putting Europe on track to become the world's first climate-neutral continent by 2050

GE Settlement with SGRE

04/03/2023

Resolves Previously Reported Wind Turbine Patent Disputes in their Entirety

GE and EcoGreen Energy to build solar project in Turkey

03/29/2023

GE will deliver its FLEXINVERTER Solar Power Station technology for the project / The project is part of the YEKA GES- 4 tender that is tendered by the Ministry of Energy (MOE) in Turkey / This 100 MW project will add up to the 1.3 GW of solar projects GE is delivering in Turkey

GE Renewable Energy selects Eastgate Engineering to support Dogger Bank wind farm project

03/28/2023

Work involves mechanical and electrical activities for the pre-assembly of the towers and nacelles / Award supports approximately 90 local jobs associated with multi-year effort to install, test, and commission Dogger Bank Wind Farm / Project will become largest offshore wind farm in world when complete

GE announces additions to GE Vernova leadership team

03/08/2023

GE today announced that GE Vernova, the company’s portfolio of energy businesses, has appointed six new roles to its leadership team.

GE Renewable Energy continues to add wind power to Lithuania

03/02/2023

GE Renewable Energy selected by Inikti to supply four onshore wind turbines for the Otada wind farm / GE enjoys a growing position in Lithuania with an installed onshore wind capacity of close to 500 MW

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