General Electric

The framework of a cooling tower. Weathered concrete walls, with empty holes as windows. The remains of what might have been provide the backdrop for what is—a solar farm that’s boosting economic

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 […]

Advanced nuclear technology brought to fruition could produce electricity at an average levelized cost of electricity (LCOE) roughly 40% lower than conventional pressurized water reactors, according to a July 25 study by the Energy Innovation Reform Project and Energy Options Network (EON). “At these costs, nuclear would be effectively competitive with any other option for […]

BADEN, SWITZERLAND—May 9, 2017—Following on the heels of its Powering Efficiency Center of Excellence (COE) launch in March, GE (NYSE: GE) has announced an agreement with the world’s largest aluminium rolling company Hindalco Industries Ltd. (Hindalco) to upgrade generation equipment at its Renusagar Captive Power Plant located in Uttar Pradesh, India. The steam turbine modernizations […]

As part of a remedy package to appease the European Commission, Alstom will accept $331 million less than the original $13.63 billion purchase price offered by General Electric (GE) to close the deal.  The much-anticipated deal has come under close scrutiny by the European Commission, which opened a full-scale antitrust investigation into the deal on […]