Energy Transition Market Growth
Gas Power's services providing durable and recurring
revenue
$43B heavy duty gas turbine (HDGT) backlog for
service agreements-a)
70%+ backlog with 10+ years remaining on HDGT
...
with significant renewal rates
EGE VERNOVA
Upgrades improve plant performance and enhance
competitiveness driving ~$2B revenue / year
Efficiency & output upgrade delivers more
output and saves fuel cost
HDGT service agreement backlog by remaining
contract length
■ 0-5 years remaining
■ 5-10 years remaining
■10-15 years remaining
■15+ years remaining
+2-11%
+2pts
$1M-$6M
Output increase Unit efficiency Annual customer
value
Operational flexibility upgrades to
complement intermittent renewables
44%
Reduced
25%
Reduced
emissions
fuel burn
Strong services franchise creates consistent, long-term FCF*
© 2024 GE Vernova and/or its affiliates. All rights reserved.
* Non-GAAP Financial Measure
(a - backlog defined on remaining performance obligation (RPO) basis related to our contractual service agreements (CSA); HDGT CSA backlog increased from $42B in YE'22
3X
Faster
start time
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