GE Vernova shares rise 1.24% premarket after announcing a major life extension and modernization project with ESB of Ireland.

GE Vernova Inc. rose 1.24% in premarket trading, driven by the announcement of a major life extension and modernization project for the Dublin Bay power station in partnership with ESB of Ireland. The project aims to add nearly 30 megawatts of reliable power, improve grid stability, and support ESB's decarbonization plans by enabling the use of hydrogen blends in the future. Additionally, Goldman Sachs adjusted its price target for GE Vernova, reflecting positive market sentiment towards the company's strategic initiatives in gas, nuclear, hydroelectric, steam technologies, wind power generation, and electrification systems development.