Sulaymaniyah, IRAQ (April 28,2025) – GE Vernova (NYSE: GEV) announced today the AGP XPAND upgrade, an evolution of its proven Advanced Gas Path (AGP) technology introduced more than a decade ago on the company’s 9E.03 fleet to boost gas turbine capacity. The first AGP XPAND is planned to be installed at the 1,250 MW Bazyan Power Plant —operated by Taurus Energy, a portfolio company of Onex Group, a private energy group with a track record in power generation, utilities, energy trading, shipping, and refining.

The news was celebrated in Sulaymaniyah in the presence of H.E. Qubad Talabani, Deputy Prime Minister of the Kurdistan Regional Government, H.E. Kamal Mohammad Salih Khalil, Minister of Electricity in the Kurdistan Regional Government and Mr. Steven Bitner, Consul General at the U.S. Consulate General Erbil along other senior government officials and local business leaders.

The new technology is engineered to help gas plant power producers and industrial operators increase their 9E.03 gas turbines output by up to approximately 7 percent, with an approximately 1 percent of incremental efficiency, while keeping reliability, availability, and maintenance largely unchanged. In addition, exhaust energy could increase by up to 2.6 percent to produce more steam or power, for combined heat and power (CHP) plants or combined cycle plants, like the Bazyan power plant.

Taurus is welcoming this technology, which could modernize its Bazyan site, powered by four GE Vernova 9E.03 and two 9F.04 gas turbines. The plant is fueled by natural gas as the primary fuel source and light fuel oil as back–up fuel and engineered for base-load operations with an expected lifetime of 25-30 years. The AGP XPAND upgrade is expected to enhance the current capacity and deliver additional much-needed electricity to the Kurdistan Region as well as nearby cities and governorates such as Mosul and Salahaldin.

Additionally, a new 17-year long term service agreement was signed covering four GE Vernova’s 9E units with the first 9E Rotor Life Extension package in Iraq, demonstrating an extension of the strategic collaboration between the two companies.

“We have a long-standing relationship with GE Vernova. For over a decade, we have been utilizing GE Vernova’s technology, and we are proud that Taurus, part of the Onex Group, is leading the way in bringing this breakthrough technology to Iraq,” said Sheikh Saad Tayeb Hasan, Founder & Chairman of ONEX. “By utilizing Kurdistan Region’s natural gas resources and power generation capacity, we are laying the foundation to create an energy hub. Through projects like Bazyan, we can contribute to the efforts to meet local energy needs as well as transmit additional power to other parts of the country. Our celebration today truly confirms GE Vernova’s long-term commitment to Iraq.”

Latest Game Changer in AGP technology

Built on 9E’s fleet experience and the technical improvements from the 9E.03 AGP, AGP XPAND components have evolved by making additional updates to the materials and sealing of AGP components, enabling a substantial increase the firing temperature above that of the 9E AGP. These components were engineered by GE Vernova’s teams in Greenville, South Carolina, United States and in GE Vernova’s Engineering Center in Warsaw, Poland. They are produced at the company’s Manufacturing Excellence Centers in Belfort, France and Vereseghyaz, Hungary.

“With over 730 units deployed worldwide, half of which are installed in the Middle East and Africa, GE Vernova has the largest operating and most experienced E-class fleet in the world and confirms its commitment to keep its mature fleets competitive in today’s very dynamic marketplace,” said Amit Kulkarni, Head of Product Management & Strategy, Gas Power at GE Vernova. “Improving existing technologies is the fastest way to inject power to the grid. The modernization of the current 9E.03 installed base can boost the power output and efficiency of existing 9E.03 gas turbines across the world. This would lead to a possible cumulative increase of up to 5 gigawatts of electricity at the global level, and a combined more than $100* million in fuel savings annually for the same baseline output, while opening up the potential for an aggregate incremental profitability of up to $310 million annually due to the new power capacity*.”

GE Vernova 9E.03 units using natural gas, distillate oil or ash-bearing fuels, both in a simple or combined cycle configuration, can be upgraded to AGP XPAND during a typical hot gas path or major inspection.

“We are delighted to celebrate the new long term service agreement and the installation of our new upgrade at the Bazyan power plant,” said Joseph Anis, President & CEO of GE Vernova’s Gas Power business in Europe, Middle East, and Africa. “We trust this upgrade represents an excellent solution for countries like Iraq, which have a large 9E.03 installed base and pressing needs to meet growing energy demand. We are delighted to work with Taurus Energy on this essential project as reliable operations at strategic facilities, such as the Bazyan power plant, are crucial to sustain economic development efforts across the country.”

GE Vernova has supported the development of energy infrastructure in Iraq for 60 years and helped to build and service power plants and grid substations. It has added more than 19 GW of power capacity since 2011, built and energized more than 30 substations since 2015, and mobilized over $3 billion in financing for energy projects since 2015.

* Considering the entire 9E fleet, using 4,000 hours / years of operation, fuel price of $3/MMBtu, and electricity price of $40/MWh

** Incremental profitability due to additional output (the additional revenues, minus the additional fuel costs, which are needed to generate the additional MW)

Source: GE Vernova
Associated URL: https://www.gevernova.com/news/press-releases/ge-vernova-debut-service-upgrade-AGP-Xpand-9E-gas-turbine-Iraq

CHARLOTTE, N.C.- Duke Energy and GE Vernova announced 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.

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.

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.

Source: GE Vernova
Associated URL: https://www.gevernova.com/news/press-releases/duke-energy-ge-vernova-announce-significant-arrangement-gas-turbines-associated

TOKYO - GE Vernova announced that the Japanese joint venture Goi United Generation (GIUG)’s Goi Thermal Power Station achieved the start of commercial operation in Chiba Prefecture, part of the Greater Tokyo Area. The joint venture comprises Japan's largest power producer by capacity JERA, ENEOS Power and regional utility Kyushu Electric Power. The plant, powered by three GE Vernova 9HA.02 gas turbines, the first of its kind installed in Japan, is expected to deliver more than 2.3 Gigawatts (GW) to the grid to help provide reliable electricity and the stable supply of electricity in Japan.

In addition to the gas turbines, for this project, GE Vernova delivered three GE Vernova Heat Recovery Steam Generators (HRSGs), with the Pressure Part Modules built in GE Vernova’s factory in Changwon, South Korea and delivered each HRSG in only three prefabricated Supermodules assembled in Tongyeong, South Korea, and then transported across the ocean to Japan. The HRSG plays an important part in a combined cycle power plant as it uses heat from the gas turbine exhaust to generate super-heated steam, which powers a steam turbine to create up to 50% more energy without any additional fuel.

The installation of advanced GE Vernova HA equipment and Toshiba's steam turbines and generators renewed the power plant initially built in the 1960s and retired in 2018, enabling an estimated 16 percent reduction of CO2 emissions compared to the old facility.

GE Vernova worked with Toshiba to integrate the currently largest HRSG Supermodules in the world at the Goi plant following a very complex, and safely delivered, transport from South Korea to Japan. Each Supermodule weighs approximately 2,500 metric tons and measures between 43 to 46 m in height, almost as tall as The Arc de Triomphe in Paris or a 15-floor building. Despite space limitations and logistical challenges, GE Vernova and Toshiba jointly adapted to unique circumstances, and successfully delivered these Supermodules and completed the Goi plant.

Source: GE Vernova
Associated URL: https://www.gevernova.com/news/press-releases/ge-vernova-ha-goi-thermal-power-station-add-electricity-japan