Energy Transition Market Growth

Increasing recurring revenue from services Services backlog‍a) ($B) Services revenue ($B) Electrification Wind Power ~75 ~73 ~71 2021 5x 2022 2023 2023 services revenue coverage ↑ EGE VERNOVA Continued growth 15.0 13.8 2022 2023 2024E ~45% of total GE Vernova revenue Services generate healthy margins & strong free cash flow* © 2024 GE Vernova and/or its affiliates. All rights reserved. * Non-GAAP Financial Measure (a defined on a remaining performance obligation (RPO) basis 64

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