Core Viewpoint - GE Vernova expresses strong confidence in its long-term development in China, emphasizing its commitment to local operations and talent cultivation while leveraging its technological advantages to contribute to China's energy construction [1][3]. Group 1: Company Overview - GE Vernova is one of the earliest energy equipment manufacturers and service providers to enter China, participating in the China International Import Expo for eight consecutive years [1]. - The company has a global installed capacity of 232,400 MW, providing approximately 25% of the world's electricity through its equipment [2]. Group 2: Market Position in China - In China, GE Vernova services over 250 gas turbines for more than 110 customers, with a combined cycle installed capacity of about 55 million kW, accounting for one-third of the national gas power installed capacity [2]. - The company's hydropower business in China has an accumulated installed capacity of 60 million kW, representing 25% of the total hydropower installed capacity in the country [2]. Group 3: Technological Innovations and Solutions - GE Vernova showcased an energy transition model based on large coastal city clusters at the expo, demonstrating how to integrate gas, hydropower, wind power, and grid solutions to meet China's dual carbon goals [2]. - The company aims to provide customized new power system construction solutions that balance economic development and green low-carbon objectives [2]. Group 4: Strategic Partnerships - During the expo, GE Vernova signed cooperation agreements with key domestic partners, including a procurement agreement with China Machinery Engineering Corporation for the Abuja Independent Power Station project in Nigeria [3]. - The company also announced a procurement intention agreement for long-term service of LM6000 units with Shanghai Huadian Minhang Energy Co., marking a new phase in collaboration with Huadian Group [3].

Core Insights - The eighth China International Import Expo (CIIE) was held from November 5-10, 2025, in Shanghai, showcasing GE Vernova's commitment to energy transformation and sustainable development [1][3] - GE Vernova has been participating in the CIIE for eight consecutive years, highlighting its long-term dedication to the Chinese market and its role in supporting China's new power system and carbon neutrality goals [1][3] Company Overview - GE Vernova, with a history of 135 years, focuses on electrification and low-carbon development, capitalizing on the global increase in electricity demand [3][5] - Since its independent listing in April 2024, GE Vernova has shown robust business growth, indicating a strong upward trend in various performance metrics [3] Product Highlights - The LM6000 VELOX gas turbine model was showcased for the first time, capable of 100% hydrogen power generation, emphasizing its low emissions and high reliability [8][9] - The 9HA gas turbine model, known for its advanced technology and efficiency, has received 198 global orders, with a significant contribution to CO2 reduction in China [9][10] - The 6F.03 gas turbine model, recognized for its high efficiency and reliability, has secured over 284 global orders, with 50 units ordered in China [10] Sustainability Initiatives - GE Vernova's carbon capture solutions can potentially reduce carbon emissions by up to 95%, supporting the decarbonization efforts of power plants [10][11] - The company aims to contribute to China's dual carbon goals through innovative technologies and sustainable practices, as demonstrated in its recent sustainability report [14][15] Strategic Partnerships - During the CIIE, GE Vernova signed procurement agreements with key domestic partners, including a project in Nigeria and long-term service agreements with Shanghai Huadian Minhang Energy [12][14] - These partnerships are part of GE Vernova's strategy to enhance its local presence and support China's energy transition [12][14] Market Position - GE Vernova's equipment accounts for approximately 25% of the world's electricity supply, with a total installed capacity of 232,400 MW globally [7] - In China, GE Vernova services over 250 gas turbines, representing about one-third of the national gas power generation capacity [7]