GE

French labor unions on Jan. 22 said U.S.-based General Electric (GE) will cut 468 jobs at its units in France, including some staff at Alstom Power Systems (APS). GE confirmed to Agence France Press (AFP), a French news service, that talks with its unions on staff reductions are underway. The unions said 229 jobs would […]

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 […]

The world’s first 3-D printed burner for an industrial gas turbine has been in operation for one year with no reported issues. Siemens, which installed the burner for the 32.8-MW SGT-7000 gas turbine at E.ON’s combined cycle power plant in Philippsthal in the German state of Hessen said on September 19 that it has been […]

Lead analyst Stephen Tusa lowered J.P. Morgan’s rating on GE stock after “checks on two initial U.S. installations revealed failures of the first stage blade of GE’s H-frame gas turbine,” thestreet.com reported on September 20. Tusa—who has long been critical of GE’s prospects—reportedly wrote, “The impact on ‘asset value’ from a failure at GE’s U.S. […]

Clarke Energy to Deliver Four of GE’s Jenbacher J320 Gas Engines to Power Trigeneration Plant at Djamaâ el Djazaïr Mosque being Built in Mohammadia, Near Algiers Jenbacher Trigeneration Units to Supply Reliable, Lower-Emission Power, Heating and Cooling Project Highlights Growing Industrial Demand for Advanced Trigeneration Technologies ALGIERS, ALGERIA—August 30, 2018—GE’s Distributed Power business (NYSE: GE) […]

Through Multiyear Supply Agreement, GE to Connect More than 10,000 of Aggreko’s Assets to Its Distributed Power myPlant* Asset Performance Management Solution over the next Five Years OEM-Agnostic, Readily Available myPlant APM Solution Provides Digital Tools and Advanced Functionalities That Help Improve Asset Availability and Reliability While Enabling Operations Productivity Project is the Largest to […]

General Electric (GE), long considered the most-prominent business in Schenectady, New York, on August 7 announced another 225 job cuts at its main campus in the city. The announcement comes as GE continues to restructure its operations amid a downturn in global demand for the company’s turbines. GE cut about 110 jobs at the Schenectady […]

Maintaining a reliable supply of power in Delhi, India, has been a major issue for the area as local demand for electricity continues to increase. The city in June repeatedly set new records for electricity

The massive project to build six EPR reactors at the Jaitapur site in Maharashtra, India, received a significant boost in late June as GE and French utility EDF signed a strategic cooperation agreement that

The Anyang plant uses GE’s 7HA.02 gas turbine, D652 steam turbine, heat recovery steam generators and plant control system The new equipment increases the plant’s efficiency by more than 13% points for electricity generation and 8% points for district heating Commercial operation achieved 2 months earlier than scheduled thanks to the 7HA gas turbine’s innovative […]

Siemens on July 9 said it has a memorandum of understanding (MOU) to work with China’s State Power Investment Corporation (SPIC) on heavy-duty gas turbines. Siemens said it will support SPIC’s research and development of the turbines and provide training and technical consultation. “The signing today will expedite finalization of a technology cooperation agreement in […]

GE’s Hybrid Distributed Power combines PV solar panels, batteries, and a diesel generator to provide reliable, cost effective power to a mini-grid system. ADDIS ABABA, Ethiopia, July 4, 2018/ — The scalable micro grid system powered by a Hybrid Distributed Power unit will provide reliable, sustainable power to 1,500 inhabitants of Digo Village. GE’s Hybrid […]

General Electric (GE) saw its stock price surge more than 7% on June 26 after the company said it would dissolve its stake in oil services company Baker Hughes and spin off its healthcare unit over the next few years. The announcement comes one day after GE said it would sell its Distributed Power business, […]

GE will sell its Distributed Power business, which includes the company’s Jenbacher and Waukesha engines, to Advent International, a global private equity investment company, in a deal worth $3.25 billion. “In Advent, we have a partner that shares our team’s passion for delivering outstanding customer outcomes,” Carlos Lange, president of Distributed Power, said in a […]

Siemens and General Electric, two rivals battling financial problems due to fewer orders for their flagship energy products and services, could each announce major restructuring moves in the coming weeks, according to media reports. Reuters on June 21, citing a person familiar with the matter, said Siemens plans to merge or trim some of its […]

Siemens Chief Executive Joe Kaeser on June 19 said reports last week that the German engineering company was considering a sale of its gas turbines manufacturing unit are “media speculation.” Kaeser made the remarks during an event in Zurich, Switzerland. He told Reuters that his company wants to improve the performance of the turbine unit, […]

Siemens still hasn’t commented on reports it could be looking to sell its gas turbine business. But the managing board member responsible for the company’s power and gas division reportedly issued a memo to staff in the wake of those reports, saying Siemens remains committed to its long-time flagship product. Bloomberg, which on June 13 […]

General Electric’s (GE’s) power unit has said it will end manufacturing operations at its plant in Salem, Virginia, next year, with more than 260 workers losing their jobs, according to union officials. Officials noted that 42% of the affected workers are eligible for retirement. The plan announced June 8 said the Salem plant, which opened […]

Washington, D.C. (May 30, 2018) — Constellation, an Exelon company, and GE today announced the completion of a 554 kilowatt (DC) solar generation project for The Home Depot’s Washington, D.C., store. The solar project, now the largest single rooftop array in the District*, is expected to supply more than 9.9 million kilowatt hours of electricity […]

Shares of General Electric (GE) have fallen about 50% over the past year, and on May 23 GE saw its stock drop more than 7%, its biggest one-day loss since April 20, 2009. Much of Wednesday’s decline came as CEO John Flannery was speaking to attendees at the Electrical Products Group (EPG) conference in Longboat […]

Global demand for power and water is accelerating—and the Middle East is no exception. A burgeoning population combined with multiple industrial diversification programs is fueling a boom in power and water projects. During the first three quarters of 2017, about $30 billion of major power contracts and $20 billion of water projects were awarded across […]