Featured Stories
SAS Institute: Missing Link Between AI Insight and Action Revealed at Sibos 2026
CARY, North Carolina, Sept. 24 -- SAS Institute, a business analytics software and services provider, issued the following news release:
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Missing link between AI insight and action revealed at Sibos 2026
SAS, Microsoft and other industry leaders discuss what keeps financial institutions from seeing AI ROI
Cary, NC (Sep 23, 2026)
SAS, a global leader in data and AI, will join industry leaders like Microsoft at Sibos 2026 in Miami to address the critical piece that may keep financial institutions from realizing their full AI potential: trust. According to a new SAS report developed with
... Show Full Article
CARY, North Carolina, Sept. 24 -- SAS Institute, a business analytics software and services provider, issued the following news release:
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Missing link between AI insight and action revealed at Sibos 2026
SAS, Microsoft and other industry leaders discuss what keeps financial institutions from seeing AI ROI
Cary, NC (Sep 23, 2026)
SAS, a global leader in data and AI, will join industry leaders like Microsoft at Sibos 2026 in Miami to address the critical piece that may keep financial institutions from realizing their full AI potential: trust. According to a new SAS report developed withresearch insights from IDC, banks with trustworthy practices built into their AI strategies are 6.6 times more likely to see a return on their AI investments.
Complementing a robust conference presence, SAS and Microsoft leaders will offer candid, expert perspectives on how financial institutions can capitalize on this missing link. Together, they will explore how organizations can turn their AI insights into repeatable business actions while still maintaining the trust, governance and transparency that highly regulated industries demand.
The session, titled "The Missing Link Between AI Insight and Action," will take place on Sept. 30 at 11 a.m. ET in Microsoft's onsite booth H068.
"Financial institutions need to be able to trust their AI enough to act on it," said Diana Rothfuss, Director of Global Strategy and Innovation for Risk, Fraud and Compliance Solutions at SAS. "This confidence is what moves organizations out of silos and into widespread adoption, which empowers them to go from analyzing to acting."
"We see a lot of organizations implementing AI in fragments across their business," said Anita Kannan, Director of Global Financial Services Partner Strategy at Microsoft. "By connecting their data and AI across risk, fraud and compliance, they can respond more quickly and transparently to customer and regulatory challenges."
Microsoft experts will also join SAS for conversations on how leaders in fraud and anti-money laundering can stay resilient and anticipate threats before they happen. This session takes place in the SAS booth on Wednesday, Sept. 30, at 9:00 a.m. ET.
SAS at Sibos
Experts from SAS and its strategic partners will help lead four official Sibos sessions spanning payments, agentic AI, fraud and financial crime, and more:
* "From structure to intelligence: AI's role in scaling ISO 20022 value" (Sept. 28, 3:15 p.m. ET). Speakers from SAS, Microsoft and other industry voices to examine the next phase of ISO 20022, turning richer payments data into greater intelligence and business value.
* "The rise of digital labor: Agent economics and the reinvention of enterprise operations" (Sept. 29, 1:15 p.m. ET). SAS expert to delve into what the rise of AI agents means for enterprise operations, economics and the future organization of work in financial services.
* "Deepfakes at the door: Keeping finance secure in the age of AI" (Sept. 29, 2:30 p.m. ET). SAS to join a discussion on the growing threat of deepfakes and other AI-enabled attacks.
* "A holistic approach to financial crime: Unifying fraud and AML signals" (Oct. 1, 9 a.m. ET). SAS and KPMG leaders to explore the intersection of fraud and anti-money laundering (AML).
Attendees can join the conversation in-person throughout Sibos, Sept. 28 - Oct. 1, at SAS' onsite homebase, Booth 1073. Connect with SAS onsite.
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About SAS
SAS is a global leader in data and AI, helping organizations make confident decisions with AI they can trust. For decades, SAS has set the standard for delivering software that drives meaningful impact, incorporating deep industry expertise, transparency and governance. SAS gives you THE POWER TO KNOW(R).
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Original text here: https://www.sas.com/en_us/news/press-releases/2026/september/missing-link-between-ai-insight-and-action-revealed-at-sibos-202.html
[Category: BizComputer Technology]
Pillsbury Advises RealSense in $500 Million Acquisition by Cognex
NEW YORK, Sept. 24 -- Pillsbury, a law firm, issued the following news release:
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Pillsbury Advises RealSense in $500 Million Acquisition by Cognex
09.23.26
Pillsbury advised RealSense, a leader in in-depth sensing cameras and vision technology for robotic perception and physical AI, in connection with its definitive agreement to be acquired by Cognex Corporation, the global technology leader in industrial machine vision, for approximately $500 million.
Founded by Intel in 2014 and spun out as an independent company in 2025, RealSense has established a leading position in 3D robotic perception,
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NEW YORK, Sept. 24 -- Pillsbury, a law firm, issued the following news release:
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Pillsbury Advises RealSense in $500 Million Acquisition by Cognex
09.23.26
Pillsbury advised RealSense, a leader in in-depth sensing cameras and vision technology for robotic perception and physical AI, in connection with its definitive agreement to be acquired by Cognex Corporation, the global technology leader in industrial machine vision, for approximately $500 million.
Founded by Intel in 2014 and spun out as an independent company in 2025, RealSense has established a leading position in 3D robotic perception,with applications across fixed arm perception-guided robotics, autonomous mobile robots, quadrupeds and humanoids. The acquisition expands Cognex's presence in the robotic perception industry, which is projected to reach approximately $1.6 billion by 2030, and adds a business expected to generate $80 million to $90 million in revenue in 2026.
The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.
Click here to learn more.
The Pillsbury deal team was led by Corporate partner Allison Leopold Tilley and included counsel Tara Shankar; Intellectual Property partner David Jakopin; Tax partner Nora Burke, Antitrust & Competition partner Michael Sibarium and attorney Evan Storm; and Executive Compensation & Benefits partner Laura McDaniels.
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Original text here: https://www.pillsburylaw.com/en/news-and-insights/realsense-acquired-by-cognex.html
[Category: BizLaw/Legal]
Oracle to Advance Cancer Care With New Oncology EHR
REDWOOD SHORES, California, Sept. 24 -- Oracle, a developer of hardware and software products, issued the following news release:
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Oracle to Advance Cancer Care with New Oncology EHR
Is expected to empower care teams with AI-driven workflows, insights, and connected patient information to help enable more effective, personalized treatment
Oracle Health and Life Sciences Summit, Orlando, Florida--Sep 23, 2026
Oracle today announced its Oracle Health Oncology EHR. Building on the capabilities of Oracle's modern, AI-powered ambulatory EHR, the new solution is purpose-built for the distinct
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REDWOOD SHORES, California, Sept. 24 -- Oracle, a developer of hardware and software products, issued the following news release:
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Oracle to Advance Cancer Care with New Oncology EHR
Is expected to empower care teams with AI-driven workflows, insights, and connected patient information to help enable more effective, personalized treatment
Oracle Health and Life Sciences Summit, Orlando, Florida--Sep 23, 2026
Oracle today announced its Oracle Health Oncology EHR. Building on the capabilities of Oracle's modern, AI-powered ambulatory EHR, the new solution is purpose-built for the distinctdemands of cancer care, bringing together oncology-specific workflows, AI-fueled clinical intelligence derived from multiple data sources, and connected information to support patient care from diagnosis through treatment and follow-up.
"A cancer diagnosis changes everything for patients and their families. Care teams should not be slowed down by fragmented information, lack of clinical insights, and antiquated technology that forces the patient to search for and recount their history repeatedly, risking critical missed details," said Seema Verma, executive vice president and general manager, Oracle Health and Life Sciences. "Oracle Health Oncology EHR is designed to bring the patient's story together and provide personalized treatment recommendations, helping clinicians focus their time and expertise where they matter most: caring for the person in front of them."
Putting the needs of patients and oncology teams at the center of care
Cancer care is among the most complex forms of medicine. The multidisciplinary nature of treatment requires oncologists and their teams to coordinate rapidly changing treatment plans, chemotherapy regimens, laboratory and imaging results, medications, referrals, and insurance requirements across multiple care settings. When that information is fragmented, clinicians lose valuable time assembling the context needed to make decisions, while patients face a disconnected care experience during an already difficult time.
With embedded AI agents and clinical decision support built in, the context-aware EHR is expected to help care teams navigate the complexity of cancer care by delivering an intuitive and responsive experience across inpatient and outpatient settings.
Oracle Health's AI-powered assistant for oncologists is expected to connect results, decision support, and action across the cancer care journey. From patient snapshots and pre-visit summaries that surface what has changed, to specialized assistants for Tumor Board preparation and guideline-grounded treatment planning, the assistant can help clinicians make sense of complex information and carry their decisions into workflows such as orders, referrals, documentation, and coding. Oracle's broader vision is a connected ecosystem of role-based AI assistants supporting nurses, patients, care coordinators, researchers, and the wider multidisciplinary cancer care team, helping people work together with shared context throughout the patient journey.
Planned capabilities are intended to help users benefit from:
* Unified cancer-care timelines: enabling access to a clear, chronological view of cancer-related diagnoses and treatments to support continuity of care and informed decision-making.
* Connected worklists for nurse navigators: to support care coordination from clinician diagnosis through treatment and survivorship, helping navigators maintain holistic, connected care plans.
* Intelligent precision oncology insights: that unify genomic, radiology, pathology, laboratory, pharmacy, and social determinants of health data to support diagnoses and evidence-based treatment decisions, with a foundation for future capabilities such as pathway guidance, predictive analytics, trial matching, cost comparisons, and industry content.
* Streamlined regimen planning workflows: which simplify chemotherapy and immunotherapy ordering with lifetime cumulative-dose calculations, mobile ordering, response-to-treatment documentation, and simplified regimen maintenance, helping care teams manage treatment changes and support consistent, evidence-based care.
To learn more, join the live action today at the Oracle Health and Life Sciences Summit by visiting https://www.oracle.com/health/health-life-sciences-summit/.
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About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
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Future Product Disclaimer
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle's products may change and remains at the sole discretion of Oracle Corporation.
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Forward-Looking Statements Disclaimer
Statements in this article relating to Oracle's future plans, expectations, beliefs, intentions, and prospects are "forward-looking statements" and are subject to material risks and uncertainties. A detailed discussion of these factors and other risks that affect our business is contained in Oracle's Securities and Exchange Commission (SEC) filings, including our most recent reports on Form 10-K and Form 10-Q under the heading "Risk Factors." These filings are available on the SEC's website or on Oracle's website at https://www.oracle.com/investor.
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Original text here: https://www.oracle.com/news/announcement/oracle-to-advance-cancer-care-with-new-oncology-ehr-2026-09-23/
[Category: BizComputer Technology]
Newmark Arranges $482.5 Million Financing to Advance The Stockman, Auberge Collection in Steamboat Springs, CO
NEW YORK, Sept. 24 -- Newmark Group, a commercial real estate company that says they offer comprehensive suite of services and products, posted the following news release:
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Newmark Arranges $482.5 Million Financing to Advance The Stockman, Auberge Collection in Steamboat Springs, CO
September 23, 2026
Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or the "Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, announces the Company has arranged a $482.5 million loan on behalf of Stockman
... Show Full Article
NEW YORK, Sept. 24 -- Newmark Group, a commercial real estate company that says they offer comprehensive suite of services and products, posted the following news release:
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Newmark Arranges $482.5 Million Financing to Advance The Stockman, Auberge Collection in Steamboat Springs, CO
September 23, 2026
Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or the "Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, announces the Company has arranged a $482.5 million loan on behalf of StockmanDevelopment LLC, led by Marquee Development, to advance The Stockman, Auberge Collection, an ultra-luxury ski-in, ski-out resort that recently broke ground in Steamboat Springs, Colorado.
The financing was provided by GoldenTree Asset Management, a global, employee-owned asset management firm with approximately $70 billion in assets under management.
Newmark Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani, Managing Director Tyler Dumon and Director Holden Witkoff arranged the financing on behalf of the Sponsor.
The Stockman will comprise 95 luxury branded residences and a 59-key hotel operated under the Auberge Resorts Collection. OZ Architecture is leading the building design, with interiors by Nunzio Marc DeSantis Architects. Berkshire Hathaway is leading residential sales efforts.
As one of the first luxury resorts developed in Steamboat, The Stockman will offer residents and guests an extensive amenity program including direct ski-in/ski-out access to Steamboat Mountain, spa and fitness facilities, a pool, multiple food and beverage offerings, an owners' lounge, dedicated ski locker storage and private terraces. The Resort's design will draw on Steamboat Springs' Western heritage while pairing the destination's character with contemporary amenities and five-star hospitality.
Located at the base of Steamboat Ski Resort, the project will provide direct access to Steamboat's year-round recreational offerings, including skiing, hiking, mountain biking and fishing. The development represents the next phase of Alterra's investment into the mountain following their $250 million "Full Steam Ahead" reinvestment program, which has transformed Steamboat Resort and further positioned the mountain as a world-class year-round destination.
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About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leading commercial real estate advisor and service provider to large institutional investors and other owners, global corporations and other occupiers, and lenders. Built with purpose and driven by excellence, Newmark's comprehensive platform is uniquely tailored to provide superior outcomes to clients. For the twelve months ended June 30, 2026, Newmark generated revenues of more than $3.6 billion. As of June 30, 2026, Newmark and its business partners together operated from over 195 offices with more than 10,000 professionals across four continents. Learn more at nmrk.com or follow @newmark.
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Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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Original text here: https://www.nmrk.com/insights/press-releases/newmark-arranges-482-5-million-financing-to-advance-the-stockman-auberge-collection-in-steamboat-springs-co
[Category: BizReal Estate]
Ice Miller Announces 22 Attorneys Named to 2027 Indiana Super Lawyers List
INDIANAPOLIS, Indiana, Sept. 24 -- Ice Miller, a law firm, issued the following news release:
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Ice Miller Announces 22 Attorneys Named to 2027 Indiana Super Lawyers List
September 23, 2026
Ice Miller is proud to announce 22 of our attorneys have been named 2027 Indiana Super Lawyers and Rising Stars. The recognized attorneys represent a range of practices including intellectual property, employment & labor, business litigation, nonprofit organizations, construction litigation, tax, environmental, real estate, and more.
What Is the Indiana Super Lawyers List?
Super Lawyers selects attorneys
... Show Full Article
INDIANAPOLIS, Indiana, Sept. 24 -- Ice Miller, a law firm, issued the following news release:
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Ice Miller Announces 22 Attorneys Named to 2027 Indiana Super Lawyers List
September 23, 2026
Ice Miller is proud to announce 22 of our attorneys have been named 2027 Indiana Super Lawyers and Rising Stars. The recognized attorneys represent a range of practices including intellectual property, employment & labor, business litigation, nonprofit organizations, construction litigation, tax, environmental, real estate, and more.
What Is the Indiana Super Lawyers List?
Super Lawyers selects attorneysusing a patented multiphase selection process. Peer nominations and evaluations are combined with independent research. Each candidate is evaluated on twelve indicators of peer recognition and professional achievement. The final published list represents no more than five percent of the lawyers in the state.
Ice Miller Attorney Named Indiana Super Lawyers
Holiday Banta, Intellectual Property
David Carr, Employment & Labor
Joshua Christie, Business/Corporate
Christina Fugate, Business Litigation
Gina Giacone, Nonprofit Organizations
Angela Krahulik, Environmental
Ryan Poor, Employment & Labor
Mark Richards, Tax
Nathaniel Uhl, Construction Litigation
What Is the Indiana Rising Stars List?
To be eligible for inclusion in Rising Stars, a candidate must be either 40 years old or younger or in practice for 10 years or less. While up to five percent of the lawyers in the state are named to Super Lawyers, no more than 2.5 percent are named to the Rising Stars list.
Ice Miller Attorneys Named 2027 Indiana Rising Stars
Adam Alexander, Business Litigation
Rani Amani, Civil Litigation: Defense
Lauren Baldwin, Environmental
Kole Brinegar, Business/Corporate
Kayla Ernst, Employment Litigation: Defense
John French, Business Litigation
Meghan Copeland, Estate and Probate
Zakariah Kulam, Environmental Litigation
Katie Marschke, Real Estate
Chuck Niblick, Civil Litigation: Defense
Angela Rinehart, General Litigation
Casie Towsley, Environmental Litigation
Olga Voinarevich, Business/Corporate
The accomplishments of our attorneys reflect the strength of our people and commitment to client service across our various practice groups including environmental litigation, business litigation, and real estate.
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Original text here: https://www.icemiller.com/news/ice-miller-announces-22-attorneys-2027-indiana-super-lawyers-list
[Category: BizLaw/Legal]
Holland & Hart Represented New England Development in Opening of White Elephant Aspen
DENVER, Colorado, Sept. 24 -- Holland and Hart, a law firm, issued the following news:
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September 23, 2026
Holland & Hart Represented New England Development in Opening of White Elephant Aspen
White Elephant Aspen, a landmark luxury hospitality and residential development, opened in June 2026 in Aspen's iconic West End, bringing the renowned White Elephant Resorts brand, celebrated for its Nantucket and Palm Beach properties, to the Rocky Mountains for the first time.
Developed by New England Development, the project transformed the former Hotel Aspen site at 110 West Main Street into
... Show Full Article
DENVER, Colorado, Sept. 24 -- Holland and Hart, a law firm, issued the following news:
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September 23, 2026
Holland & Hart Represented New England Development in Opening of White Elephant Aspen
White Elephant Aspen, a landmark luxury hospitality and residential development, opened in June 2026 in Aspen's iconic West End, bringing the renowned White Elephant Resorts brand, celebrated for its Nantucket and Palm Beach properties, to the Rocky Mountains for the first time.
Developed by New England Development, the project transformed the former Hotel Aspen site at 110 West Main Street intoa boutique hotel complemented by three luxury townhome chalets on Bleeker Street, each approximately 5,000 square feet, selling for between $25 million and $28 million. All three chalet residences closed in the spring and summer 2026.
Holland & Hart served as Colorado counsel to the developer, working alongside Goulston & Storrs, New England Development's outside general counsel. The firm's Aspen-based real estate team guided the project through a complex condominium formation, purchase and sale negotiations, and the successful closings of all three residences--work that spanned title and survey diligence, condominium declarations, easement agreements, lender coordination, and multi-party closings.
The Holland & Hart team included Justin Nyberg, Emily Maino, Stephanie Holder, Thomas Todd, Timothy Gordon, Shawn Eady, Arthur Hundhausen, Anna Hamp.
The engagement reflects Holland & Hart's experience guiding hospitality and resort developments through Colorado's mountain-community entitlement and real estate landscape, from structuring through closing.
To learn more, visit the New England Development page here (https://nedevelopment.com/projects/white-elephant-aspen/) and the White Elephant Aspen page here (https://www.whiteelephantaspen.com/.%C2%A0).
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URL: White Elephant Aspen
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Original text here: https://www.hollandhart.com/holland-hart-represented-new-england-development-in-opening-of-white-elephant-aspen
[Category: BizLaw/Legal]
GE Vernova Advances Asset Longevity for Egypt's Power Sector With Rotor Life Extension Services
CAMBRIDGE, Massachusetts, Sept. 24 -- G.E. Vernova, an energy company, posted the following news release:
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GE Vernova advances asset longevity for Egypt's power sector with Rotor Life Extension services
* Endorsed by EEHC, this agreement with UEEPC, MDEPC, and CEPC strengthens Egypt's energy security through the modernization of five gas turbines, providing up to 1,250 MW of combined capacity.
* Services solutions aim to extend the operating life of the equipment at the Kureimat, Nubaria, and Cairo North power plants by 13 to 15 years.
* This collaboration underscores a commitment to
... Show Full Article
CAMBRIDGE, Massachusetts, Sept. 24 -- G.E. Vernova, an energy company, posted the following news release:
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GE Vernova advances asset longevity for Egypt's power sector with Rotor Life Extension services
* Endorsed by EEHC, this agreement with UEEPC, MDEPC, and CEPC strengthens Egypt's energy security through the modernization of five gas turbines, providing up to 1,250 MW of combined capacity.
* Services solutions aim to extend the operating life of the equipment at the Kureimat, Nubaria, and Cairo North power plants by 13 to 15 years.
* This collaboration underscores a commitment tolong-term performance, fuel efficiency, and the continuous development of Egypt's power infrastructure
CAIRO, EGYPT - (September 23, 2026) - GE Vernova Inc. (NYSE: GEV) announced today a services agreement to provide Rotor Life Extension (RLE) solutions for five GE Vernova 9F gas turbines at the Kureimat, Nubaria, and Cairo North power plants in Egypt. The agreement is with affiliates of the Egyptian Electricity Holding Company (EEHC) - Upper Egypt Electricity Production Company (UEEPC), Middle Delta Electricity Production Company (MDEPC), and Cairo Electricity Production Company (CEPC) - and was endorsed by EEHC.
Under the agreement, GE Vernova is expected to help extend the operating life of the five gas turbines - representing a total capacity of approximately 1,250 MW - by 13 to 15 years. The relevant services will be executed between 2028 and 2035.
The gas turbine rotor is a core component of the power plant that requires scheduled maintenance. This project supports the overall rotor lifecycle by utilizing GE Vernova's expertise to determine the full residual life of components, aiming to ensure that they operate more efficiently and effectively.
This services agreement underscores the ongoing collaboration between GE Vernova, EEHC, and its generation company affiliates. By focusing on the long-term integrity of these important gas power assets, the initiative aims to bolster the reliability and efficiency of Egypt's energy production.
"This agreement reflects EEHC's continued focus on preserving the long-term performance and reliability of important generation assets across our fleet," said Eng. Gaber El-Desouki, Chairman of the Board of Directors & CEO, Egyptian Electricity Holding Company (EEHC). "By working with GE Vernova and our generation companies, we are taking practical and proactive steps that can help protect strategic assets, support efficient and reliable power production, and contribute to Egypt's broader electricity and energy objectives."
"Extending the life of these gas turbines across our generation companies is expected to support grid stability and the continued availability of dispatchable power, while helping us increase the value of existing infrastructure and avoid premature, capital-intensive replacement," said Eng. Mahmoud Al-Naqeeb, Full-time Board Member for Electricity Production Companies Affairs.
Egypt's power sector is undergoing a significant transformation balancing the need to meet rapidly rising energy demand with an ambitious drive to enhance operational efficiency and integrate a growing share of renewable energy. Within this dynamic landscape, thermal power generation--primarily driven by combined-cycle gas turbines--continues to serve as the critical backbone of the nation's grid, currently accounting for approximately 80% of the country's electricity production.
"As Egypt's electricity needs continue to evolve, maintaining and modernizing existing gas power assets, such as those at Kureimat, Nubaria, and Cairo North, is essential to support reliability, improve fuel use, and strengthen energy system resilience," said Joseph Anis, President & CEO, Europe, Middle East & Africa, GE Vernova's Gas Power business. "This agreement reflects our continued commitment to working closely with EEHC, its affiliates, and other stakeholders in Egypt to support energy security through reliable and more efficient power generation. By helping extend the life of critical gas turbines, we aim to support our customers' long-term operational priorities, optimize the value of existing infrastructure, and contribute to the continued development of Egypt's power sector."
The agreement builds on GE Vernova's ongoing efforts to support the modernization and long-term performance of Egypt's power generation fleet. In April 2026, GE Vernova announced an order from MDEPC to support modernization efforts at the Banha and Nubaria power plants, including Advanced Gas Path upgrades and multiyear services agreements. This initiative builds upon decades of cooperation with Egypt's power sector, reinforcing GE Vernova's role in helping to meet the nation's evolving energy demands through advanced technology and lifecycle services.
For more than 50 years, GE Vernova's businesses have supported Egypt's electricity infrastructure through technologies and solutions, local talent development, and financing for projects across the power sector. Today, GE Vernova supports customers in Egypt across power generation, transmission, software, and services. GE Vernova's installed base in Egypt includes more than 60 gas and steam turbines with a combined generating capacity of approximately 10 gigawatts.
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About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification and Wind segments and is supported by its accelerator businesses. 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 approximately 85,000 employees across approximately 100 countries around the world. Supported by the Company's purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.
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About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification and Wind segments and is supported by its accelerator businesses. 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 approximately 85,000 employees across approximately 100 countries around the world. Supported by the Company's purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.
Follow GE Vernova in Middle East & Africa on their website and LinkedIn.
GE Vernova's Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and power plant technologies and services with the industry's largest installed base.
The order mentioned in the announcement was booked in Q2 of 2026..
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Original text here: https://www.gevernova.com/news/press-releases/ge-vernova-advances-asset-longevity-egypts-power-sector-rotor-life-extension
[Category: BizEnergy]
