healthcare

RENEW Energy Partners, a provider specializing in financing and deploying large-scale energy projects, has advanced the energy portfolio of Mass General Brigham (MGB), a nonprofit integrated healthcare system and biomedical research organization, with a major upgrade at Spaulding Rehabilitation Hospital.

General Electric (GE), which has restructured its operations in recent years and in July announced its energy and other businesses would have new brand names, on Dec. 15 said its energy group would be headquartered in Massachusetts. GE Vernova, the company’s portfolio of energy divisions, will have its main office in Cambridge, just a few […]

General Electric (GE) is again announcing changes to its corporate structure, with the company on July 18 saying its energy and other businesses will operate under new brand names. H. Lawrence Culp Jr., the company’s chairman and CEO, and CEO of GE Aerospace, on Monday said the strategy involves a planned separation into three groups, […]

General Electric (GE) has announced plans to split into three separate companies, breaking up into publicly traded groups for its energy, healthcare, and aviation divisions. The company on Nov. 9 said the GE Power, GE Renewable Energy, and GE Digital groups will be combined into one business, with the company pursuing a tax-free spin-off of […]

Companies in the energy sector this past year faced unprecedented financial, economic and operational challenges, exacerbated by a once-in-a-century public health crisis. Falling energy prices, coupled with the economic downturn triggered by the COVID-19 pandemic, caused a significant labor contraction in the energy sector. The spread of COVID-19 required companies, including those involved in power […]

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, […]