GE Vernova Inc. has announced significant initiatives valued at up to $14.2 billion during President Donald Trump's state visit to Saudi Arabia. The initiatives aim to accelerate the energy transition in the Kingdom using advanced U.S. technology and expertise. Collaborations with parties such as the Saudi Electricity Company, ACWA Power, and Aramco will focus on supplying efficient gas turbines, electrification equipment, and maintenance services to enhance power generation and grid stability. With a solid power generation technology installed base and a strong presence in Saudi Arabia, GE Vernova is poised to play a crucial role in the Kingdom's economic growth and energy transition.
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