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].