Bruce Power and GE Vernova’s Steam Power business have entered into a strategic supplier agreement that will see the companies continue to work together to provide safe and clean electricity to Ontario for decades to come.
The agreement further advances a mutually beneficial business relationship in the form of a performance-based, co-operative strategic alliance, utilizing GE Vernova’s core competencies in turbine and generator parts, inspection, and maintenance. This important outage and project work will optimize the performance of Bruce Power’s units and support its ongoing Life-Extension Program over the next decade.
“This strategic alliance agreement creates synergies between both organizations and enhances capabilities and predictability through a collaborative approach,” said David Furr, Bruce Power’s Vice-President, Supply Chain. “Ontario and Canada are leaders in the nuclear industry and partnerships such as this drive efficiency, support innovation and the application of industry best practices.”
Bruce Power and GE Vernova’s Steam Power business share a commitment to maintaining the highest operational standards, while ensuring the delivery of reliable and sustainable energy solutions to customers and shareholders to not only redefine industry benchmarks, but also pave the way for future collaborations and innovations that will drive positive change in the global energy sector.
“We are grateful and excited to support Bruce Power on this new strategic alliance. We have built this relationship on common goals – creating a unique opportunity to drive synergies and predictability through long-term planning. This strategic alliance is emblematic of our commitment to decarbonizing while electrifying,” said Tim Anderson, GE Vernova’s Steam Power, Nuclear Sales Executive.
Bruce Power’s Life-Extension Program is Ontario’s largest clean-energy initiative and one of Canada’s largest private-sector infrastructure projects, funded by private-sector investors. Bruce Power provides between $9 billion and $12 billion in direct and indirect economic activity in Canada from operations and its Life-Extension Program, creating tens of thousands of jobs and economic development.
About Bruce Power
Bruce Power is an electricity company based in Bruce County, Saugeen Ojibway Nation Territory, Ontario. We are powered by our people. Our 4,200 employees are the foundation of our accomplishments and are proud of the role they play in safely delivering clean, reliable nuclear power to families and businesses across the province and cancer-fighting medical isotopes around the world. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. Formed in 2001, Bruce Power is a Canadian-owned partnership of TC Energy, OMERS, the Power Workers’ Union and The Society of United Professionals. Learn more at www.brucepower.com and follow us on Facebook, Twitter, LinkedIn, Instagram and YouTube.
About GE Vernova
GE Vernova is a planned, purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 80,000 employees across 140+ countries around the world. GE Vernova’s Steam Power business provides a broad portfolio of technologies and services that help industrial and non-renewable energy power plants deliver reliable power as they transition to a lower carbon future.
GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future.
