GE Vernova To Equip New UK Fleet Solid Support (FSS) Ships With Hybrid-Electric Propulsion Technology
Portfolio Pulse from Charles Gross
GE Vernova's Power Conversion business in the UK has been awarded a contract by Team Resolute to provide hybrid propulsion technology for three Fleet Solid Support (FSS) ships for the UK Ministry of Defence. The collaboration with Navantia UK, the prime contractor for the FSS program, highlights GE Vernova's capabilities in naval propulsion and the UK's focus on efficient and sustainable naval operations. The delivery of the propulsion equipment is expected to begin in 2025.
January 16, 2024 | 11:07 am
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GE Vernova, a part of General Electric, has secured a contract to supply hybrid-electric propulsion technology for the UK's MOD FSS ships, indicating a strengthening of its position in naval technology and a commitment to sustainability.
The contract award to GE Vernova is a positive development for General Electric, as it not only demonstrates the company's expertise in the naval propulsion sector but also aligns with global trends towards more sustainable technologies. The news is likely to be viewed positively by investors, as it represents progress in a significant government contract and may lead to further opportunities in the defense sector. The impact is scored as likely to go up due to the positive nature of the contract award and its implications for future business.
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