General Electric : GE’s Steam Power Systems to deliver $1.9 Billion Contract for Hinkley Point C Nuclear Power Station in the United Kingdom

PARIS, FRANCE -September 16, 2016- Today, GE (NYSE: GE) confirmed that it received approval of its $1.9 billion contract for EDF Energy's Hinkley Point C nuclear power project. Steam Power Systems, part of GE Power, will supply two conventional power islands, which will deliver enough electricity to power approximately six million homes throughout the UK. The power conventional island includes the ARABELLE™ steam turbine, generator, and other critical equipment. This technology came to GE through last year's Alstom acquisition.

Steve Bolze, president and CEO of GE Power said, 'With the acquisition of Alstom Power & Grid we're now able to offer a broader portfolio of technology solutions that provide reliable and efficient power for our customers. We are pleased to be working with EDF Energy on Hinkley Point C to help deliver on the UK government's vision for energy security and economic development. We look forward to continuing to work with EDF to provide power to millions of homes across the region,'

Less than a year after COP21, the UK has made a critical decision regarding its energy policy. It has made this historic decision at a time when there is an even greater drive for low carbon energy technologies. Since 2010, 20% of the UK's electricity generation capacity has been shut down and by 2030, a further 35% is expected to close, including all but one nuclear power station. Nuclear provides dependable, CO2-free energy and, when complete, Hinkley Point C is expected deliver around 7% of the UK's power generation capacity for 60 years.

Andreas Lusch, President and CEO of GE's Steam Power Systems said, 'Producing power that meets today's greenhouse gas emission standards is a top priority. The Arabelle turbine represents six decades of nuclear steam turbine expertise and it's the most powerful turbine in the world by output. We are pleased to continue to work with EDF Energy to deliver clean, reliable power that will bolster the UK's energy infrastructure.'

Today, GE steam turbine technology operates in 50 percent of the world's nuclear power plants with the ability to deliver more than 200 GW to the grid. The ARABELLE™ is the largest turbine in operation for the past 10 years, produces 2% more power output than a traditional configuration and has a 99.96% reliability rate. Each turbine for Hinkley Point C has a gross generating capacity of 1,770 MW.

For more than six months, GE has been working closely with EDF Energy on Hinkley Point C as part of the Early Contractor Involvement agreement that includes activities like safety classification studies, planning, civil works interfaces, pre-engineering and procurement planning. With today's decision, GE continues to move forward with the next phase of design, engineering and manufacturing from GE's Steam Power Systems Global Center of Excellence in Belfort, France. This phase also includes ramping up our procurement activity with global suppliers, many of whom are based in the UK.

About GE:

GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the 'GE Store,' through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

About GE Power:

GE Power is a world leader in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel sources. We are transforming the electricity industry with the digital power plant, the world's largest and most efficient gas turbine, full balance of plant, upgrade and service solutions as well as our data-leveraging software. Our innovative technologies and digital offerings help make power more affordable, reliable, accessible and sustainable.

For more information, visit the company's website at www.gepower.com. Follow GE Power on Twitter@GE_Power and on LinkedIn at GE Power.