Energy Transition Market Growth
GE Vernova's Power business enables the energy transition
EGE VERNOVA
Gas
>800GW
2x installed base vs. nearest competitor
Meeting baseload & peaking needs
Through HAS-a) & Aeroderivatives
Expanding margins
Through lean culture
Growing FCF*
Through services strength
Decarbonization
Investing in technology
Nuclear
SMR technology
Design, commercialize, scale and execute
~3x
Electricity generation growth
through 2050
~60GW
Service & provide fuel for the
installed base
Hydro
Drive growth
In services, volume, and margin
~350GW
~25% of all hydro-power generating
capacity installed globally
Pumped storage
Key enabler of the energy transition
Steam
Reliable & dispatchable electricity needed
~400GW-b)
Servicing critical baseload power
Simplify
To a higher margin, services business
2024 GE Vernova and/or its affiliates. All rights reserved.
* Non-GAAP Financial Measure
(a high efficiency air-cooled (HA) gas turbine technology
(b-excludes portion of the Steam business's nuclear activities planned for sale to Electricité de France S.A. ("EDF")
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