Energy Transition Market Growth slide image

Energy Transition Market Growth

At the center of this industry's transformation STRONG MACRO TRENDS Inflation Reduction Artificial intelligence Act (U.S.) build out • Green Deal Industrial Plan (E.U.) Industrial electrification GE GE VERNOVA CHARLES STREET 58 R&D spend p.a. ROBUST ORGANIC INVESTMENT ~$1B ~250 ~36K Advanced Research Team Patents & Employees Patent Applications $ VENTURE INVESTMENT CREATING OPPORTUNITY Global VC investment in Clean Energy Startups ($B)-a) 6x increase 11.1 12.3 0.7 0.8 0.7 1.0 1.9 3.0 2015 2016 2017 2018 2019 2020 2021 2022 © 2024 GE Vernova and/or its affiliates. All rights reserved. (a - source: Oliver Wyman CUSTOMER RELATIONSHIPS & JOINT VENTURES TO UNLOCK GROWTH Driving critical breakthroughs in energy transition Select GE Vernova Collaborations Net Zero Teesside ONTARIOPOWER Prolec GENERATION 72
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