Investor Presentaiton
Grid is the backbone of the energy transition
HVDC: a key enabler for grid expansion,
interconnection & renewable integration
HVDC market size-a)
$9B
$22B
+35%
annual
growth
OFFSHORE
OFFSHORE
WIND FARM CONVERTER
PLATFORM
HVDC case study
GEGE VERNOVA
7
ONSHORE
AC
CONVERTER SUBSTATION
STATION
KM
220
KM
KM
ALTERNATING CURRENT ACI
DIRECT CURRENT (DC)
.
•
•
2022
2025F
HVDC market in Europe accelerating driven by energy
security & net-zero ambition ... North America to follow
Enhancing system capabilities by investing in new
modular multilevel converter & control system technology
platforms
Partnering with European TSOS-C) on multi-year framework
agreements utilizing HVDC/Grid Automation offerings
• Well positioned as 1 of 3 global HVDC players
$1B b) HVDC system: leveraging full Grid Solutions product range
(% of total project cost}
VSC VALVE HALL
INTERFACE
VSC VALVE MALL
1
2
1
2
GIS
FILTERS & REACTORS
3
2
2
FILTERS & REACTORS
BAY #1
1
Multilevel modular
converters
(20%)
2 Transformers, switchgears,
breakers
(20%)
2
B
Automation & controls -
systems engineering
(30%)
(a HVDC High Voltage Direct Current. GE Market Estimate of Served Available Segment, Capex & Services
(b - Excludes Marine & Civil works & offshore platform manufacturing
(c Transmission system operator
B
Installation & Commissioning (10%)
Balance of Plant, warranty, logistics (20%)
2023 GE INVESTOR CONFERENCE 91View entire presentation