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GE Power

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GE Power
NameGE Power
TypeSubsidiary
IndustryEnergy
Founded2015
FounderGeneral Electric
HeadquartersSchweiz, Switzerland
Key peopleScott Strazik, John Rice

GE Power is a subsidiary of General Electric that provides power generation and energy delivery solutions to customers worldwide, including Exelon, Duke Energy, and NextEra Energy. The company's portfolio includes gas turbines, steam turbines, and nuclear reactors, among other products, which are used by utilities such as Électricité de France, Enel, and RWE AG. GE Power's solutions are designed to help customers like Southern Company, Dominion Energy, and American Electric Power reduce their environmental impact and improve their operational efficiency. The company has a strong presence in the global energy market, with customers in over 100 countries, including China, India, and Brazil, and partners with companies like Siemens Gamesa, Vestas, and Goldwind.

Overview

GE Power is a leading provider of power generation and energy delivery solutions, with a focus on renewable energy, energy efficiency, and grid resilience. The company's products and services are used by a wide range of customers, including utilities, independent power producers, and industrial companies like Caterpillar, Cummins, and Mitsubishi Heavy Industries. GE Power's solutions are designed to help customers like Exelon Generation, Duke Energy Corporation, and NextEra Energy Resources reduce their environmental impact and improve their operational efficiency, while also providing reliable and efficient energy to consumers. The company has a strong presence in the global energy market, with operations in over 100 countries, including United States, Canada, Mexico, and European Union countries like Germany, France, and United Kingdom.

History

GE Power was formed in 2015 as a result of the merger between General Electric's power and water business and Alstom's power business, which included the acquisition of Alstom Power and Alstom Grid. The merger created a global leader in the energy industry, with a comprehensive portfolio of products and services that include gas turbines, steam turbines, and nuclear reactors. The company's history dates back to the early 20th century, when General Electric began developing and manufacturing electric motors and generators for the power generation industry, working with companies like Westinghouse Electric Corporation and Toshiba Corporation. Over the years, the company has continued to innovate and expand its product offerings, with a focus on renewable energy, energy efficiency, and grid resilience, partnering with companies like Vestas Wind Systems, Siemens Wind Power, and Gamesa Corporación Tecnológica.

Products_and_Services

GE Power offers a wide range of products and services to its customers, including gas turbines, steam turbines, and nuclear reactors, as well as power generation and energy delivery solutions. The company's products are designed to provide reliable and efficient energy to consumers, while also reducing environmental impact, and are used by companies like Exelon Nuclear, Duke Energy Nuclear, and NextEra Energy Nuclear. GE Power's services include maintenance and repair, upgrades and modernization, and consulting and advisory services, which are provided to customers like Southern Nuclear, Dominion Nuclear, and American Electric Power Nuclear. The company also offers a range of digital solutions, including predictive analytics and asset performance management, which are used by companies like Microsoft, IBM, and SAP SE.

Operations

GE Power has operations in over 100 countries around the world, including United States, Canada, Mexico, and European Union countries like Germany, France, and United Kingdom. The company has a strong presence in the global energy market, with customers in a wide range of industries, including utilities, independent power producers, and industrial companies like BASF, Dow Inc., and 3M. GE Power's operations are organized into several regions, including North America, South America, Europe, Middle East, and Asia Pacific, and the company has partnerships with companies like Bechtel Group, Fluor Corporation, and Jacobs Engineering Group. The company's global reach and local presence enable it to provide tailored solutions to its customers, while also supporting the development of local economies and communities, including those in China, India, and Brazil.

Technology_and_Innovation

GE Power is committed to innovation and technology, with a focus on developing solutions that support the transition to a low-carbon economy, partnering with companies like Tesla, Inc., Volkswagen Group, and Daimler AG. The company invests heavily in research and development, with a focus on renewable energy, energy efficiency, and grid resilience, and has developed a range of innovative products and services, including gas turbines and steam turbines that can operate on renewable fuels like biogas and hydrogen. GE Power also offers a range of digital solutions, including predictive analytics and asset performance management, which are designed to help customers optimize their operations and reduce their environmental impact, using technologies like artificial intelligence, Internet of Things, and cloud computing from companies like Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The company's commitment to innovation and technology has earned it a reputation as a leader in the energy industry, with partnerships with companies like National Renewable Energy Laboratory, Sandia National Laboratories, and Massachusetts Institute of Technology.