Energy Transition Market Growth
Adding more HA-a) gas turbines to the installed
base grows future services backlog-b)
Growing HA installed base & service billings
HA annual service billings
EGE VERNOVA
Fastest growing H class fleet ... driving high utilization
~$0.1B
~$0.7B
$1.0B+
2.3
million
Total operating hours at the end of '23
Largest HA class fleet across OEMS-C) and is the leader on
hours of commercial operation
-80%
Baseload operating hours per year
High plant efficiency driving ~30% more utilization
than rest of the GE Vernova gas fleet
Margin expansion on HA services
Early in HA lifecycle... productivity opportunities through
scale and cost improvements.
2017
2023
2024E
2025+
capacity factor
Cum. units
commissioned
11
92
~110
120+
Cum. units
23
151
~170
~190
ordered
Growing HA backlog to meet rising electricity demand
Delivering differentiated technology to create long-term value for customers
© 2024 GE Vernova and/or its affiliates. All rights reserved.
(a high efficiency air-cooled (HA) technology
(b-defined on a remaining performance obligation (RPO) basis
-
(c original equipment manufacturer
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