GE Power
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Renewables
GE Cutting 12,000 Jobs in Power Division
General Electric (GE) said December 7 it will cut 12,000 jobs in its power unit as the company continues to struggle with changes in the global power market. The company in a statement said the staff reductions will save $1 billion in 2018. “Traditional power markets including gas and coal have softened,” the company said, […]
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Renewables
GE Power Falters on Underperformance of Alstom Investment
Weak earnings associated with General Electric’s (GE’s) underperforming $10.1 billion investment in Alstom have prompted the giant conglomerate to rejigger its power business and lean more heavily on other segments. GE Power, the company’s long-standing and lucrative business unit that has installed 1.6 GW of the world’s installed capacity over its 125-year history, has also […]
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Press Releases
GE, in Consortium with NGSL, Completes Milestone Project to Help Modernize Indian Coal-Fired Power Plant Fleet to Meet Country’s Efficiency and Emissions Goals
GE’s Advanced Steam Path (ASP) Solution Restored Original Output of BHEL Steam Turbine, Improved Its Heat Rate by Approximately 14.5 Percent and Extended Unit Life up to 25 Years First-of-Its-Kind Shaftline Retrofit in India on BHEL 200-Megawatt Class Fleet Modernizations at Gujarat State Electricity Corporation Limited’s (GSECL’s) Ukai Power Station Increased Overall Power Plant Efficiency […]
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Press Releases
GE’s Hardware and Digital Upgrades Help Increase Efficiency and Output at Azito Power Plant in the Ivory Coast
Project at Azito Power Plant in Abidjan Marks GE’s First GT13E2 MXL2 Gas Turbine Upgrade in Sub-Saharan Africa Plant’s Output Will Increase by up to 30 Megawatts, Helping the Country to Meet Its Electricity Needs Upgrade Includes GE’s Predix*-Based Operations Optimization Solution to Improve Overall Plant Performance ABIDJAN, IVORY COAST—November 15, 2017—To improve performance and […]
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Water
GE Power Sells Lucrative Water & Process Technologies Division to SUEZ in $3.4B Deal
Less than a week after GE struck a $2.6 billion deal with ABB for GE’s electrification business, GE Power completed the $3.4 billion sale of its lucrative water and process technologies division to multinational water management firm SUEZ. The sale of GE Water & Process Technologies, a systems and services provider of water, wastewater and […]
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Press Releases
GE Power Announces PT. Euroasiatic Jaya as Jenbacher Gas Engines Distributor for Indonesia
As Indonesia continues to face energy challenges, GE Power (NYSE: GE) today announced it has appointed PT. Euroasiatic Jaya as an authorized distributor of Jenbacher gas engines in the country. The move builds on GE Power’s ongoing commitment to provide power generation solutions to Indonesia’s industrial, commercial and municipality customers with reliable, more efficient power […]
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O&M
GE Power Inks Its Largest Services Deal Ever
GE Power signed a landmark deal to provide operations and maintenance (O&M) services for 10 power plants with a combined capacity of 11 GW. Sonelgaz SPE, a state-owned utility in charge of electricity and natural gas distribution in Algeria, owns the facilities. The agreement includes technology upgrades designed to enhance energy efficiency—allowing more than 420 […]
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Press Releases
Marubeni Selects GE’s Predix-based Digital Solutions to Improve Operational Efficiency for its Gas Thermal Power Plants in Japan
Tokyo-April 19, 2017– GE Power and Marubeni Corporation, one of the leading trading companies and power producers in Japan, signed a recent agreement to deploy GE’s Predix based digital power plant solutions at its Nakasode Clean Power Plant (100MW), located in Sodegaura-city, Chiba Prefecture. Installation will start in April 2017 and full operation is slated to begin in […]
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Press Releases
First Time in China: GE’s 9FA Advanced Gas Path Technology to Boost Efficiency at Shanghai Caojing’s Power Station
GE’s Advanced Gas Path Technology Will Help Increase Output by Approximately 25 Megawatts, Boost Efficiency and Reduce Emissions at the Plant Station Serves as Model for Utilities in China Seeking to Make Their Plants More Efficient and Reliable SHANGHAI—March 28, 2017—GE’s Power Services (NYSE: GE) signed a milestone agreement to provide Advanced Gas Path (AGP) […]
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Press Releases
The Branford Group to Conduct 2-Day Online Auction For GE Power- Alstom Power, Inc.
Featuring Over 1,500 Lots, Most Equipment 2010 or Newer CHATTANOOGA, Tenn.–(BUSINESS WIRE)–The Branford Group, a global industrial auction company, will conduct a 2-day online auction arranged by GE Capital, Industrial Finance, to sell the surplus assets of GE Power- Alstom Power, Inc. located at 1201 Riverfront Parkway, Chattanooga, Tennessee. GE Power- Alstom Power, Inc. manufactured […]