GE Vernova Inc. (NYSE: GEV) hosted the inaugural Energy of Change Summit in Hanoi, bringing together more than 400 senior representatives from government, national utilities, suppliers and energy stakeholders across Vietnam and the wider Asian region. The event was hosted by Scott Strazik, President and CEO of GE Vernova, and attended by Acting Minister of Industry and Trade Le Manh Hung. Discussions focused on advancing Vietnam’s energy transition as the country moves from planning to large-scale implementation under the Revised Power Development Plan VIII.

Alongside the main event, GE Vernova also held a Supplier Summit with participation from over 100 supplier organizations. The session focused on strengthening a resilient regional energy supply chain, supporting Vietnam’s economic development goals and creating shared value through long-term partnerships.

Under the theme “Powering Vietnam: From Concept to Reality,” the summit examined Vietnam’s power sector as part of Asia’s broader energy landscape. Delegates discussed the next phase of implementing the revised PDP8, including strengthening local capabilities, deepening supply chain integration and improving system flexibility to support a more diversified energy mix. The agenda also covered advancements in power generation and transmission technologies, as well as international best practices.

In his keynote address, Acting Minister Le Manh Hung highlighted Vietnam’s commitment to accelerating its energy transition while meeting rising electricity demand and maintaining sustainable economic growth.

Scott Strazik noted that Vietnam is among Asia’s fastest-growing economies, with a power system undergoing rapid transformation. He said GE Vernova is supporting the country in this phase through key projects, including supplying HA technology for the Nhon Trach 3 and 4 plants and expanding high-voltage direct current manufacturing capacity to meet regional electrification demand. These investments aim to strengthen supply chains, develop local capabilities and support energy systems across Asia.

At the event, GE Vernova announced several new milestones and initiatives.

The company marked the start of commercial operations at the Nhon Trach 3 and 4 power plants, developed by PetroVietnam Power Corporation. With a total capacity of 1.6 gigawatts, this is the first plant in Vietnam using HA technology and the first powered by liquefied natural gas. Equipped with 9HA.02 technology, the facility is expected to enhance grid reliability and support greater integration of renewable energy.

Building on this project, GE Vernova confirmed that its technology has been selected for three additional LNG power projects in Vietnam.

For the Quynh Lap LNG power project, GE Vernova will supply 9HA.02 gas turbines and H78 generators under an agreement signed with PV Power on March 10, 2026. Two turbine and generator units are scheduled for delivery in 2029 for the plant, which is expected to have a capacity of around 1.6 gigawatts. Additional units may be discussed in the future. The project is part of PV Power’s priority development plan for the 2025 to 2030 period.

GE Vernova was also selected by the Vingroup and VinEnergo joint venture to supply two 9HA.02 gas turbines and two H78 generators for the Hai Phong LNG power plant. The project is expected to deliver more than 1.6 gigawatts of capacity, contributing to improved energy security, enhanced grid stability and reduced reliance on traditional fuels. It is also expected to support industrial development in Hai Phong.

In another development, Electricity of Vietnam has approved the use of GE Vernova technology for the Quang Trach II LNG power plant in Quang Tri Province. The project is expected to generate more than 1.6 gigawatts of electricity using two 9HA.02 gas turbines and two H78 generators, with full operations targeted by 2030. Originally planned as a coal-fired plant with a capacity of 1.2 gigawatts, the project has been converted to LNG in line with Vietnam’s national energy development strategy.

GE Vernova also announced plans to invest approximately USD 200 million to develop a Grid Solutions manufacturing facility in Hai Phong. The plant will produce large power transformers primarily for high-voltage direct current projects, supporting the transmission of electricity over long distances and helping meet growing global demand. The project will be developed in phases and is expected to be fully operational by 2028, subject to regulatory approvals.

In addition, GE Vernova and Electricity of Vietnam signed a non-binding memorandum of understanding to explore cooperation in high-voltage direct current technology. The agreement focuses on assessing how such solutions can support the expansion of Vietnam’s transmission infrastructure under the revised PDP8.

GE Vernova currently contributes equipment that supports up to 30 percent of Vietnam’s electricity supply. The company employs more than 1,100 people across nine locations nationwide. Its operations in Vietnam include a repair facility in Phu My and a heat recovery steam generator manufacturing plant in Dung Quat, forming part of its broader global manufacturing and service network.