New GE Vernova H-Class technology to modernize power plant in Japan

TOKYO, JAPAN (October 8, 2024) - GE Vernova Inc. (NYSE: GEV) today announced an order for three GE Vernova 7HA.03 gas turbines to be installed at The Kansai Electric Power Company, Inc.'s ("Kansai Electric") Nanko power station in Osaka, Japan. GE Vernova's advanced 7HA.03 power generation equipment will replace the existing aging conventional LNG power generation assets (consisting of three boilers and three steam turbines) and is expected to increase power plant efficiency, while reducing its carbon dioxide emissions.

Japan has set ambitious targets to achieve net zero by 2050 as per the latest Nationally Determined Contribution (NDC) plans. As recently described in GE Vernova's "2024 Japan Energy Outlook" White Paper, the Japan's energy system is in transition, and the country has targeted achieving this decarbonization goal through setting up investments in lower carbon generation sources and the support of "Economic Efficiency", one of the three "S+3E" pillars within the revised national 6th Strategic Energy Plan (including also "Safety plus Energy Security", and "Environmental Sustainability").

"The plant is expected to deliver up to 1.8 gigawatts (GW) of electricity to the grid in total and to be the among the most efficient in the country," said Ramesh Singaram, President and CEO, Asia of GE Vernova's Gas Power. "In addition, 7HA.03 gas turbine technology currently has the capability to burn up to 50% by volume of hydrogen when blended with natural gas, with a technology pathway to 100% over the next decade. We look forward to bringing this advanced technology to Kansai Electric, with whom we have a longstanding relationship built on years of mutual respect and trust, to help revitalize the Japanese power industry with more efficient and more sustainable technology, in alignment with the country's energy goals."

In addition, GE Vernova is also expected to provide field services.

GE Vernova is a key player in Japan's energy transition, having enabled power generation for Japan for more than 130 years. To date, the company delivers more than 50% of Japan's heavy duty gas power capacity and supports the country's growing renewable and nuclear energy needs.

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Notes to Editors
© 2024 GE Vernova and/or its affiliates. All rights reserved.
GE and the GE Monogram are trademarks of General Electric Company used under trademark license.

Financial Editors: Please note this order was booked in the third quarter of 2024.

About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world's challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 75,000 employees across 100+ countries around the world. Supported by the Company's purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn. GE Vernova's Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and gas power plant technologies and services with the industry's largest installed base of approximately 7,000 gas turbines.

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