GE Vernova announced at the Saudi-US Forum 2025, in the
presence of HRH Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince
and Prime Minister of Saudi Arabia and Donald Trump, President of the United
States of America. The massive investment commitment initiatives worth up to
$14.2 billion announced. The aim is to accelerate Saudi Arabia’s Energy
Transition and advance Saudi Vision 2030.
Major Strategic Collaborations
Partners include:
- Saudi
Electricity Company (SEC)
- Saudi
Power Procurement Company (SPPC)
- ACWA
Power
- Aramco
- Expansion
of Gas Power Generation
- Supply
of highly efficient and flexible gas turbines
- Technologies
built in Greenville, USA
- Grid
Stability and Resilience
- Delivery
of synchronous condensers and balance of plant solutions
- Maintenance
& Operations Support
- Provision
of maintenance services, repairs, and spare parts for Saudi power
plants
- Future-Oriented
Innovations
- Commercializing
carbon capture technologies
- Workforce
training
- Investment
in R&D, repairs, and power sector manufacturing
in the Kingdom
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