GE Vernova Inc. (GEV) Receives Maintenance Order from Rio Tinto

GE Vernova Inc. (NYSE:GEV) is one of the 15 successful spin-off companies. On June 26, the company received a business order from Rio Tinto. The order is for the upgrade of eight turbine alternator units at the Isle Maligne hydropower plant in the Saguenay–Lac-Saint-Jean region of Quebec.

The proposed upgrades will improve the performance and extend the life of the turbine alternator units. Additionally, they will provide power to Rio Tinto’s five low-carbon aluminum smelters. The new agreement comes on the heels of Ge Vernova modernizing one generator at the plant in the past.

Frederic Ribieras, Hydro Power CEO at GE Vernova, said: “This modernization project at the Isle Maligne plant is a testament of how we can achieve greater efficiency and performance without altering the core infrastructure. And, this long-term collaboration will be critical to help secure the supply chain in a capacity-constrained market, with pressure on the industry to execute on many projects.”

GE Vernova Inc. (NYSE:GEV) is an energy company that provides a broad range of products and services across power generation, transmission, and distribution. It is one of the most successful companies following its spin-off from GE in 2024.

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Disclosure: None. This article is originally published at Insider Monkey.