news-details
Environment

GE Vernova to Highlight Energy Solutions at Africa Energy Forum 2024

GE Vernova Inc. (NYSE: GEV) will play a prominent role at the upcoming Africa Energy Forum, taking place in Barcelona from June 25-28, 2024. As a lead sponsor, GE Vernova is committed to supporting the electrification and decarbonization of Africa, aligning with the forum's theme, "Energy Systems of the Future – Balancing Africa’s Needs with Global Goals." This event will gather key stakeholders, investors, and future leaders to discuss project developments, technological innovations, and cross-sector collaboration opportunities.

A recent report highlights that around 600 million people in Sub-Saharan Africa, nearly 50% of the region’s population, lack access to electricity. With power demand projected to grow by 3% in 2024, balancing energy transition goals with electricity availability is crucial. GE Vernova’s experts will address these challenges and share best practices to achieve reliable, affordable, and sustainable energy across several sessions at the forum. Key topics include improving energy systems, the role of gas in energy transition, investing in Senegal’s energy sector, and leveraging new technologies to reduce emissions.

Joseph Anis, President & CEO of Europe, Middle East & Africa for Gas Power at GE Vernova, emphasized the importance of reliable power: “Progress is indelibly linked to uninterrupted power supply in modern society. Investing in reliable and affordable electricity generation is as critical as advancing lower carbon power to support health, connectivity, safety, security, and improved quality of life. Accelerating Africa’s energy transition efforts will require cross-sector collaboration among the public, private, and not-for-profit sectors; the strategic deployment of multiple energy sources, including renewables and gas power; and investments in the grid together with software solutions. These steps can enable substantive reductions in emissions quickly and at scale, while advancing the technologies for low or near-zero carbon power generation and helping to meet the continent’s growing energy needs.”

GE Vernova, which spun off from GE (NYSE: GE) and began trading independently on the New York Stock Exchange on April 2, 2024, boasts a significant technological footprint. With approximately 55,000 wind turbines and 7,000 gas turbines globally, GE Vernova generates about 25% of the world’s electricity. In Africa, GE Vernova-built technologies account for up to 40% of installed power generation capacity. Serving 260 customers across the continent, GE Vernova has a 120-year legacy of supporting critical infrastructure development in Africa, covering the entire electricity value chain from generation through various power sources, including wind, hydro, and gas, to providing transmission, distribution, and software solutions.

Related News

Samsung Pushes Boundaries of M ...

Samsung Gulf Electronics has unveiled a range of exciting pre-order benefits for its latest flagship devices following the global launch at Galaxy Unpacked in Paris. Customers in t...

Samsung Showcases New Galaxy A ...

 Samsung Gulf Electronics has launched an immersive pop-up space at the Mall of the Emirates, following the Galaxy Unpacked event on July 10th. The innovative Galaxy Experienc...

Saeed Saleh Al Ghamdi Appointe ...

 Gulf Islamic Investments (GII), a leading Shari’ah-compliant asset management group, has announced the appointment of Saeed Saleh Al Ghamdi as a new Board Member at GII...

LG Introduces Concealed AC Uni ...

LG Electronics (LG) has unveiled its latest climate control solution, the LG Ceiling Concealed Duct, an advanced system designed to provide unparalleled temperature control while s...

BLS International Successfully Acqu ...

BLS International Services Limited, a leading global tech-enabled service partner for governments and citizens, has announced the successful acquisition of a 100% stake in iDATA, a...

New Ford Raptor T1+ Ready for Rally ...

Ford Performance, in collaboration with M-Sport Ltd., has unveiled the new Ford Raptor T1+, a vehicle purpose-built to tackle the grueling Dakar Rally and other challenging off-roa...

Ericsson Named Leader in Gartner Ma ...

 Ericsson (NASDAQ: ERIC) has once again been recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for CSP 5G RAN Infrastructure Solutions. This marks the four...

Ministry of Economy Reviews New Com ...

The Ministry of Economy held a media briefing to review Federal Decree-Law No. 36 of 2023 on competition regulation. This new legislation aims to promote and protect competition in...

MENA Region's Early Adoption of Gen ...

A new report from the Project Management Institute (PMI) highlights how early adopters of Generative AI (GenAI) are leading the way in leveraging this transformative technology to ...

Samsung Unveils Pre-Launch Benefits ...

Samsung Gulf Electronics has announced exclusive pre-order benefits for its newest flagship devices, following the global launch at Galaxy Unpacked in Paris. Customers who reserve ...