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Duke Energy and GE Vernova announce significant arrangement for gas turbines and associated equipment

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Duke Energy (NYSE: DUK) and GE Vernova (NYSE: GEV) have announced a major partnership for the procurement of up to 11 7HA natural gas turbines and associated equipment. This arrangement, announced on April 24, 2025, aims to address growing energy demands from advanced manufacturing, data centers, and population growth.

The partnership builds upon Duke Energy's existing procurement of eight 7HA gas turbines and aligns with the company's integrated resource plans. GE Vernova will manufacture these turbines at their expanded Greenville, S.C. facility, part of a $600 million investment in U.S. manufacturing, including nearly $300 million in its Gas Power business.

The expansion will create over 1,500 new jobs and implement lean manufacturing lines. Duke Energy plans to install these assets at existing facilities, leveraging current infrastructure and transmission capabilities to reduce costs and accelerate deployment timeframes.

Duke Energy (NYSE: DUK) e GE Vernova (NYSE: GEV) hanno annunciato una partnership importante per l'acquisto di fino a 11 turbine a gas 7HA e relativi equipaggiamenti. Questo accordo, annunciato il 24 aprile 2025, mira a soddisfare la crescente domanda di energia derivante da manifattura avanzata, data center e aumento della popolazione.

La collaborazione si basa sull'acquisto già in corso di otto turbine a gas 7HA da parte di Duke Energy e si allinea ai piani integrati delle risorse dell'azienda. GE Vernova produrrà queste turbine nel loro stabilimento ampliato di Greenville, Carolina del Sud, parte di un investimento di 600 milioni di dollari nella produzione statunitense, di cui quasi 300 milioni destinati al settore Gas Power.

L'espansione creerà oltre 1.500 nuovi posti di lavoro e introdurrà linee di produzione snella. Duke Energy prevede di installare questi impianti presso strutture esistenti, sfruttando l'infrastruttura e le capacità di trasmissione attuali per ridurre i costi e accelerare i tempi di implementazione.

Duke Energy (NYSE: DUK) y GE Vernova (NYSE: GEV) han anunciado una alianza importante para la adquisición de hasta 11 turbinas de gas natural 7HA y equipos asociados. Este acuerdo, anunciado el 24 de abril de 2025, tiene como objetivo responder a la creciente demanda energética derivada de la manufactura avanzada, centros de datos y el crecimiento poblacional.

La colaboración se basa en la compra previa de ocho turbinas de gas 7HA por parte de Duke Energy y está alineada con los planes integrados de recursos de la compañía. GE Vernova fabricará estas turbinas en su planta ampliada en Greenville, Carolina del Sur, parte de una inversión de 600 millones de dólares en manufactura estadounidense, incluyendo casi 300 millones destinados a su negocio de Gas Power.

La expansión generará más de 1,500 nuevos empleos e implementará líneas de producción eficientes. Duke Energy planea instalar estos activos en instalaciones existentes, aprovechando la infraestructura y capacidades de transmisión actuales para reducir costos y acelerar los plazos de despliegue.

Duke Energy (NYSE: DUK)GE Vernova (NYSE: GEV)가 최대 11대의 7HA 천연가스 터빈 및 관련 장비 조달을 위한 주요 파트너십을 발표했습니다. 이 계약은 2025년 4월 24일 발표되었으며, 첨단 제조, 데이터 센터 및 인구 증가로 인한 에너지 수요 증가에 대응하는 것을 목표로 합니다.

이번 파트너십은 Duke Energy가 이미 8대의 7HA 가스 터빈을 조달한 것을 기반으로 하며, 회사의 통합 자원 계획과도 일치합니다. GE Vernova는 사우스캐롤라이나주 그린빌에 확장된 공장에서 이 터빈들을 제조할 예정이며, 이는 미국 제조업에 대한 6억 달러 투자의 일부로, 가스 파워 사업에만 거의 3억 달러가 투입됩니다.

이번 확장으로 1,500개 이상의 신규 일자리가 창출되고, 린 생산 라인이 도입될 예정입니다. Duke Energy는 기존 시설에 이 자산들을 설치할 계획이며, 현재 인프라와 송전 능력을 활용해 비용을 절감하고 배치 기간을 단축할 것입니다.

Duke Energy (NYSE : DUK) et GE Vernova (NYSE : GEV) ont annoncé un partenariat majeur pour l’acquisition de jusqu’à 11 turbines à gaz naturel 7HA et équipements associés. Cet accord, annoncé le 24 avril 2025, vise à répondre à la demande énergétique croissante liée à la fabrication avancée, aux centres de données et à la croissance démographique.

Ce partenariat s’appuie sur l’acquisition déjà en cours par Duke Energy de huit turbines à gaz 7HA et s’aligne sur les plans intégrés de ressources de l’entreprise. GE Vernova fabriquera ces turbines dans leur usine agrandie de Greenville, en Caroline du Sud, dans le cadre d’un investissement de 600 millions de dollars dans la fabrication américaine, dont près de 300 millions dédiés à son activité Gas Power.

Cette expansion créera plus de 1 500 nouveaux emplois et mettra en place des lignes de production allégées. Duke Energy prévoit d’installer ces équipements dans des installations existantes, en tirant parti des infrastructures et capacités de transmission actuelles pour réduire les coûts et accélérer les délais de déploiement.

Duke Energy (NYSE: DUK) und GE Vernova (NYSE: GEV) haben eine bedeutende Partnerschaft für die Beschaffung von bis zu 11 7HA-Gasturbinen und zugehöriger Ausrüstung angekündigt. Diese Vereinbarung, die am 24. April 2025 bekannt gegeben wurde, zielt darauf ab, die wachsende Energienachfrage durch fortschrittliche Fertigung, Rechenzentren und Bevölkerungswachstum zu decken.

Die Partnerschaft baut auf Duke Energys bestehender Beschaffung von acht 7HA-Gasturbinen auf und steht im Einklang mit den integrierten Ressourcenplänen des Unternehmens. GE Vernova wird diese Turbinen in ihrer erweiterten Anlage in Greenville, South Carolina, herstellen, was Teil einer 600 Millionen Dollar Investition in die US-amerikanische Fertigung ist, davon fast 300 Millionen im Gas Power-Geschäft.

Die Erweiterung wird über 1.500 neue Arbeitsplätze schaffen und schlanke Fertigungslinien einführen. Duke Energy plant, diese Anlagen in bestehenden Einrichtungen zu installieren, wobei die vorhandene Infrastruktur und Übertragungskapazitäten genutzt werden, um Kosten zu senken und die Implementierungszeiten zu verkürzen.

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  • Innovative partnership provides clear path for Duke Energy to procure up to 11 American-produced GE Vernova natural gas turbines
  • Partnership ensures Duke Energy will meet its customers' growing and evolving energy needs driven by economic development and AI growth

CHARLOTTE, N.C. and CAMBRIDGE, Mass., April 24, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) and GE Vernova (NYSE: GEV) announce a significant partnership for natural gas turbines and other associated equipment to meet the growing needs of advanced manufacturing, data centers and population growth.

The arrangement between the companies includes a plan to advance specific projects for up to 11 7HA gas turbines consistent with Duke Energy's integrated resource plans. This will help the company meet its business strategy to provide reliable energy and keep customer costs as low as possible, as well as meeting even the most robust growth scenarios in the future. This is in addition to the eight recently secured 7HA gas turbines.

"As we continue to experience unprecedented growth in our service territories, securing the necessary materials to build critical infrastructure and meet the energy demand is integral to delivering value for our customers and other stakeholders," said Duke Energy President and CEO Harry Sideris. "We value our collaboration with forward-thinking partners who assist us in advancing our energy modernization strategy."

The agreement is made possible because of the previously announced expansion of GE Vernova's Greenville, S.C., facility to accommodate historic demand for gas turbines from new and existing customers. The expansion, which is part of a nearly $600 million investment in U.S. manufacturing over the next two years, includes a nearly $300 million investment in its Gas Power business in the U.S. These investments will replace legacy manufacturing processes with lean manufacturing lines, supporting increases in supplier capacity, creating more than 1,500 new jobs in the country and other enhancements.

"This arrangement with Duke Energy and the significant expansion of our U.S. manufacturing facilities illustrate our ability and commitment to developing innovative solutions that our customers require to meet today and tomorrow's energy demands," said Scott Strazik, CEO, GE Vernova. "We are proud to be able to supply these Greenville, S.C., manufactured gas turbines to a leading U.S. energy company and service to its consumers."

Locating these new assets at Duke Energy facilities enables them to utilize existing infrastructure, including transmission capabilities, significantly reducing cost and speeding time to market.

Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on XLinkedInInstagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

About GE Vernova
GE Vernova (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. 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.

GE Vernova's mission is embedded in its name – it retains its legacy, "GE," as an enduring and hard-earned badge of quality and ingenuity. "Ver" / "verde" signal Earth's verdant and lush ecosystems. "Nova," from the Latin "novus," nods to a new, innovative era of lower carbon energy. Learn more: GE Vernova and LinkedIn.

Shawna Berger
@DE_ShawnaB
24-Hour: 800.559.3853

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SOURCE Duke Energy

FAQ

How many gas turbines will Duke Energy (DUK) acquire through the GE Vernova partnership?

Duke Energy will procure up to 11 7HA gas turbines, in addition to eight recently secured turbines, through the partnership with GE Vernova.

What is the value of GE Vernova's investment in US manufacturing related to the Duke Energy (DUK) deal?

GE Vernova is investing nearly $600 million in U.S. manufacturing over two years, with approximately $300 million dedicated to its Gas Power business.

How many new jobs will be created through the Duke Energy (DUK) and GE Vernova partnership?

The manufacturing expansion at GE Vernova's Greenville, S.C. facility will create more than 1,500 new jobs in the United States.

What is the purpose of Duke Energy's (DUK) gas turbine procurement from GE Vernova?

The procurement aims to meet growing energy demands from advanced manufacturing, data centers, and population growth while maintaining reliable energy supply and keeping customer costs low.

Where will Duke Energy (DUK) install the new GE Vernova gas turbines?

Duke Energy will install the new gas turbines at existing facilities to utilize current infrastructure and transmission capabilities, reducing costs and implementation time.
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