Long Ridge Energy Terminal and GE Commission & Demonstrate First Advanced Class Hydrogen-Burning Power Plant Worldwide Using GE HA Gas Turbine

HANNIBAL, OH --GE (NYSE: GE) and Long Ridge Energy Terminal ("Long Ridge"), a subsidiary unit of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) and an affiliate managed by GCM Grosvenor (NASDAQ: GCMG), announced a successful first step to transition Long Ridge's power plant toward carbon-free hydrogen: following the start of commercial operation achieved in October 2021, the plant conducted a successful demonstration using a hydrogen-blended fuel in GE's HA gas turbine at Long Ridge's 485 MW combined-cycle power plant located in Hannibal, Ohio. The hydrogen blending test was completed on March 30, 2022 at the facility using hydrogen produced as by-product from a nearby industrial facility.