GE Power (formerly known as GE Energy) is an American energy technology company, owned by General Electric.

Structure

As of July 2019, GE Power is divided into the following divisions: * GE Gas Power (formerly Alstom Power Turbomachines), based in Atlanta, Georgia. **

Gas turbines A gas turbine, also called a combustion turbine, is a type of continuous flow internal combustion engine. The main parts common to all gas turbine engines form the power-producing part (known as the gas generator or core) and are, in the directi ...

** Heat recovery steam generators (HRSG) * GE Steam Power (formerly Alstom Power Systems), based in Baden, Switzerland. **

Steam turbine A steam turbine is a machine that extracts thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft. Its modern manifestation was invented by Charles Parsons in 1884. Fabrication of a modern steam turbin ...

s **

Electric generator In electricity generation, a generator is a device that converts motive power (mechanical energy) or fuel-based power (chemical energy) into electric power for use in an external circuit. Sources of mechanical energy include steam turbines, gas ...

s **

Boilers A boiler is a closed vessel in which fluid (generally water) is heated. The fluid does not necessarily boil. The heated or vaporized fluid exits the boiler for use in various processes or heating applications, including water heating, central h ...

** Air Quality Control Systems (AQCS) *

GE Power Conversion GE Power Conversion is an electrical engineering company and is a subsidiary of GE Power, part of General Electric. GE Power Conversion's global headquarters is located in the Paris-Saclay research-intensive and business cluster, south of Paris ...

(formerly Converteam), based in Paris, France. * GE Energy Consulting

History

GE Energy (early years)

GE Energy was a division of General Electric and was headquartered in Atlanta, Georgia, United States. In 2008, a company-wide reorganization prompted by financial losses led to the unit's formation from companies within GE Infrastructure division. Before this reorganization, GE had nine decades of history in industrial power production including building a record-capacity three-phase generator for Niagara Falls in 1918 and installation of generators at the Grand Coulee Dam in 1942. On March 29, 2011, GE Energy announced plans to acquire a 90% stake in the French company Converteam for $3.2 billion. In July 2012, John Krenicki announced that he would be stepping down as president of GE Energy, and the business would be broken into three new GE businesses consisting of the following divisions: * GE Energy Management ** Digital Energy ** Industrial Solutions ** Environmental Services ** Power Conversion (former Converteam assets) ** Bethesda Counsel * GE Oil & Gas **Drilling Solutions: Land & Offshore **Offshore Solutions **Subsea Solutions **

Enhanced Oil Recovery Enhanced oil recovery (abbreviated EOR), also called tertiary recovery, is the extraction of crude oil from an oil field that cannot be extracted otherwise. EOR can extract 30% to 60% or more of a reservoir's oil, compared to 20% to 40% using ...

(EOR) Solutions ** Unconventional Resources **Full Range LNG Solutions **Industrial Power Generation **Refinery &

Petrochemicals Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sou ...

**Gas Storage & Pipeline * GE Power & Water **Power Generation Products (previously known as Thermal Products) **Power Generation Services **Distributed Power **GE Hitachi Nuclear Energy **Renewable Energy (Wind Energy) **Water & Process Technology

2013–present

After lengthy negotiations, on 2 November 2015, GE finalized the acquisition of

Alstom Alstom SA is a French multinational rolling stock manufacturer operating worldwide in rail transport markets, active in the fields of passenger transportation, signalling, and locomotives, with products including the AGV, TGV, Eurostar, Avelia ...

's power generation and electricity transmission business, that were integrated into GE Power & Water. Later, the newly acquired Hydro and Wind business of Alstom, together with GE's own Wind Energy division, were spun-off to create a new subsidiary called GE Renewable Energy. In 2015, GE Power garnered press attention when a model 9FB gas turbine in Texas was shut down for two months due to the break of a turbine blade. This model uses similar blade technology to GE's newest and most efficient model, the HA. After the break, GE developed new protective coatings and heat treatment methods. Gas turbines represent a significant portion of GE Power's revenue, and also represent a significant portion of the power generation fleet of several utility companies in the United States.

Chubu Electric , abbreviated as Chuden in Japanese, is a Japanese electric utilities provider for the middle Chūbu region of the Honshu island of Japan. It provides electricity at 60 Hz, though an area of Nagano Prefecture uses 50 Hz. Chubu Electr ...

of Japan and

Électricité de France Électricité de France S.A. (literally ''Electricity of France''), commonly known as EDF, is a French multinational electric utility company, largely owned by the French state. Headquartered in Paris, with €71.2 billion in revenues in 2 ...

also had units that were impacted. Initially, GE did not realize the turbine blade issue of the 9FB unit would impact the new HA units. Forced by a wave of very negative financial results, the company went through a series of disinvestments and reorganization in 2017. In May 2017, GE Oil & Gas was combined with Baker Hughes Incorporated to create

Baker Hughes Baker Hughes Company, organized in Delaware and headquartered in Houston, is one of the world's largest oil field services companies. The company provides products and services for oil well drilling, formation evaluation, completion, productio ...

, a GE company (BHGE), a new tier-1 business inside the parent group. In June 2017, GE Energy Connections merged again with GE Power & Water, to become the present GE Power. The new combined business unit is led by Scott Strazik. Swiss-based ABB Group announced in September 2017, a $2.6 billion deal with GE Power to acquire the Industrial Solutions division. In October 2017, GE Power sold its Water & Process Technology division to French-based utility company Suez for a total of $3.4 billion. In June 2018, the private equity firm Advent International agreed to buy GE’s distributed power unit for $3.25 billion. In 2019, in a strategic realignment to cut costs and satisfy the surging demand in the renewable power market, it was decided to merge the Grid Solutions portfolio into the Renewable Power business. That move took GE assets on electrical transmission grids, battery storage and solar inverters away from GE Power. In June 2019, GE Steam Power started manufacturing half-speed steam turbines for the four Rosatom VVER-1200s being built at Akkuyu Nuclear Power Plant, Turkey's first nuclear power plant. This is part of a joint venture established in 2007, between General Electric and Rosatom subsidiary Atomenergomash, called AAEM Turbine Technology, to supply equipment for VVER nuclear power plants. The joint venture includes the manufacture of heat exchange equipment in Russia. GE has installed about half of all nuclear power plant steam turbines around the world. In November 2022,

(EDF) agreed the acquisition of GE Steam Power’s nuclear activities, including the manufacture of non-nuclear equipment for new nuclear power plants including steam turbines and the maintenance and upgrade of existing nuclear power plants outside America.

Structure

History

GE Energy (early years)

2013–present

Notes

References

Further reading