With GE Vernova standing at the threshold of becoming a new purpose-built, energy-focused company in a few short weeks, it’s worth noting the inspiration for its name. It is, says the company, “a combination of ver, derived from verde and verdant to signal the greens and blues of the Earth, and nova, from the Latin novus, or ‘new.’” Novus also happens to be one of the roots of the word “innovation,” a pillar of GE from its founding. Innovation, then, is literally in the company’s DNA.
The world has faced myriad challenges in recent years, from challenges to energy security and extreme weather events impacting the grid to the COVID-19 pandemic and the macroeconomic turbulence it caused. These have helped to catapult sustainability to the top of the boardroom agenda, with companies now striving both to succeed as a business and in contributing to solving some of the world’s most pressing challenges at the same time.
Breaking up is hard to do. For communities determined to quickly adopt wind and solar, however, wriggling free from old coal-power providers is often the first step. That’s exactly what’s happened recently in Colorado, as the Federal Energy Regulatory Commission (FERC) last year granted electricity cooperative United Power’s wish to separate from Tri-State, a legacy generator.
Illawarra, New South Wales, Australia, 19 February 2024 – GE Vernova’s Gas Power business (NYSE:GE) and EnergyAustralia today announced the opening of the Tallawarra B Power Station, in New South Wales, Australia.
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Laura Aresi
Less than a year ago, GE Reports brought you the story of some of the people working to build the Tallawarra B power station, north of Sydney, Australia. This week, EnergyAustralia announced the opening of Tallawarra B, which is the first dual-fuel gas-and-hydrogen power plant in Australia. It will add as much as 320 megawatts (MW) to the grid, enough to power the equivalent of about 150,000 Australian homes.
Poland, which has long been dependent on coal power, is turning to the Baltic Sea to clean up its grid and join the energy revolution. The country’s north coast is deliciously rich in wind resources, and a joint venture between the PGE Polska Grupa Energetyczna and Ørsted have awarded a consortium made up of GE Vernova and Polimex Mostostal a contract to help build a new offshore wind farm there using the latest transmission and grid automation technologies.
On December 4, 2020, Brian Gutknecht, strategic marketing leader at GE Vernova, coined a memorable phrase to describe the era-defining topic of climate change. “It’s the ‘everything, everywhere’ problem,” he explained on the first episode of Cutting Carbon, the GE Vernova podcast that launched that year.
The world needs a breakthrough to lower emissions from heavy industry, and a solution may be brewing in Japan. IHI Corporation, one of the country’s oldest manufacturers, and GE Vernova have teamed up in recent years to work to unlock the secrets of ammonia. Under their latest joint development agreement, signed on Christmas Day 2023, the companies will work for the next two years developing technology to combust ammonia in turbines that normally run on natural gas.
Tokyo, Japan: January 24th, 2024 – Ammonia, a derivative from hydrogen, which can be carbon-free when combusted in a gas turbine, is expected to play an
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Yusuke Saito
According to the Paris Agreement, the world must cut emissions by roughly 45% by 2030 and reach net zero by 2050 in order to stay below 1.5 degrees Celsius of global warming. This is a tall order in a very short amount of time — and countries around the world are setting ambitious targets to cut greenhouse gas emissions (GHG) and bring them as close to zero as possible.
