Investor Presentaiton
New nuclear key to the energy transition
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Nuclear important
today & tomorrow
Provides zero emission, reliable baseload power ...
~18% of TWh's in the U.S. & ~10% globally-a)
• ...with most of the recent additions coming primarily
in China
Energy security & decarbonization driving policy
support in U.S./Europe - existing units stay online
• New nuclear capacity globally may need to rise
-2x by 2040 to hit net zero targets-b)
✓ Greater cost certainty needed given historical
challenges for new nuclear
...design standardization required
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Taking disciplined approach
for introducing SMR
GE VERNOVA
Investing smartly in a long-term nuclear NPI
Developed new BWRX-300 small modular reactor
(SMR) - leverages existing NRC license
✓ Working with key partners (OPG, TVA, Synthos) ...
created breakthrough design to drive scalability / cost
✓ ...with cost sharing among partners
Initial project award with OPG ~300 MW
Potential pipeline growing ... U.S., Canadian &
European opportunities emerging
(a U.S. Energy Information Administration
(b IEA World Energy Outlook 2022
2023 GE INVESTOR CONFERENCE 100View entire presentation