Nation's carbon goals a boon for energy firms

GE Vernova exec says committed to supporting country's green transition

China's commitment to energy transition and progress in building a new power supply system, as well as its increasingly supportive innovation environment, are creating a promising ecosystem for foreign firms to bring their cutting-edge technology to the market, said a senior executive of the United States energy company GE Vernova.

"With its vast population and status as an innovation hub, and large energy consumption, China plays a significant role in the world's energy transition process," said Ramesh Singaram, president and CEO of gas power in Asia, GE Vernova.

"China, with a large renewable installed base and strong renewable manufacturing capability, has been one of the most important markets for GE Vernova and an integral part of our global supply chain," Singaram said.