Energy Transition Market Growth

Large and growing sector with multi-decade tailwinds IEA Global power sector and end-use average annual capital investment $2.4T IEA announced pledges $1.4T 2016-2022 $2.0T 2023-2030 IEA Stated Policies $2.4T 2031-2040 IEA Stated Policies $3.4T IEA announced pledges EGE VERNOVA $435B GE Vernova's 2030 served segment-a) GROWING TO ↑ $265B GE Vernova's 2022 served segment-a) Annual electricity investment expected to reach $2.4 - $3.4T by 2040 © 2024 GE Vernova and/or its affiliates. All rights reserved. (a - GE Vernova estimate of served available segment, includes capex & services 13

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