GE

The Lackawanna Energy Center in Pennsylvania entered commercial operation Jan. 15, with the $1.5 billion project heralded by its developer, Invenergy, as among the most “technically sophisticated” combined cycle natural gas-fired plants in operation. The 1,485-MW facility, in the borough of Jessup in Lackawanna County, was completed ahead of schedule and features three General Electric […]

Karachi, Pakistan (November 29, 2018) — GE Power’s Grid Solutions business (NYSE: GE) has successfully delivered a turnkey solution to DG Khan Cement Company Limited (DGKCCL), for its new cement plant, one of the largest in the country to date. Located 30 kilometers northwest of Karachi, in Hub District Lasbella, Baluchistan, the new manufacturing facility […]

It’s been a tumultuous couple of years for GE. The company’s stock price has been decimated by the market, decreasing more than 75% from a high of nearly $32 a share as recently as December 2016. Dow Jones removed the company from its benchmark Industrial Average in June, and GE’s Board of Directors sacked CEO […]

HOUSTON, Texas and BOSTON, Massachusetts (November 13, 2018) — Baker Hughes, a GE company (BHGE), and General Electric Company (GE) jointly announced today the entry into a series of long-term agreements that amend the commercial and technological relationships between the two companies. The agreements focus on: Long-term collaboration on critical rotating equipment, including aero-derivative and […]

KATSUURA CITY, JAPAN (November 7, 2018) — GE has been selected by Toyo Engineering Corporation on behalf of the project owner, GK KS Power 1, a special purpose vehicle consortium by GE Energy Financial Service and K-Energy, to provide its 1,500-volt inverters to build the 24-megawatt (MW) solar plant project located in Katsuura City, Chiba […]

GE’s Global Research Center and Nuclear fuel business partnering with three National Labs (Los Alamos, Oak Ridge and Idaho) and with the Exelon and Southern Company utilities to develop and test more advanced fuel rod technologies Project will tap Global Research’s deep technical strength in materials science, 3D printing and jet engine technologies to develop […]

Proactive equipment maintenance continues to be a priority for power plant operators. ServiceMax, a GE Digital company that provides field service management software, on October 25 announced it has launched its Predix ServiceMax Asset Service Management (ASM), a new offering to help operators “transform their entire asset maintenance process from a break-fix model to a […]

Iraq signed a memorandum of understanding on October 15 to develop power plants in the country with General Electric (GE). The Financial Times on October 18 said the $15 billion deal was brokered after senior officials in the administration of U.S. President Donald Trump warned Iraq that relations with the U.S. would be threatened if Iraq […]

SEBEWAING, MICH. (October 18, 2018) — As phased decommissioning of coal plants and additional renewables integration into the grid have led to increased variability in the Midcontinent Independent System Operator (MISO)’s wholesale electricity segment, GE’s Distributed Power business (NYSE: GE) and Clarke Energy — GE’s authorized Channel Partner of Jenbacher* gas engines in Michigan — today announced that they […]

Siemens on September 24 said it would cut about 2,900 jobs, mostly from its Power and Gas division in Germany, as it continues restructuring to achieve cost savings amid a tough global market for turbine manufacturers. Siemens on Monday said the cuts will save the company about €270 million ($318 million) and is part of […]