GE introduced immediately that it sees a future in housing its renewable technology companies (onshore and offshore wind, hydropower) alongside its grid companies which embrace substations and transformers plus photo voltaic, storage and distributed vitality useful resource (DER) management software program.
GE Renewable Energy chief govt Jerome Pecresse mentioned in a press convention that the transfer will simplify the lives of GE’s prospects by giving them one level of contact for all of their renewable vitality energy wants.
The firm is transferring from one by which it sells merchandise to tasks, he mentioned. He highlighted India as a market the place GE would possibly promote a wind venture that may additionally want a substation and maybe a transmission line.
“Our dedication to the client turns into a dedication that the wind farm can be spinning and that the entire wind farm can be related to the grid and dealing that day,” he mentioned.
In addition, in line with Pecresse, the combining of the 2 companies will enable the corporate to proceed to give attention to hybrid options, resembling wind + storage; wind + photo voltaic; or photo voltaic + storage.
“Many of our prospects are fascinated by photo voltaic and storage,” he mentioned.
GE mentioned in a press launch that the proposed strikes are a part of a broader effort on the a part of GE to place the corporate to satisfy the evolving wants of the ability market, together with the expansion of renewable vitality and that when full GE can have essentially the most various and broadest renewable portfolios within the trade.
Together the mixed renewable vitality enterprise will make use of greater than 40,000 individuals and be price $16 billion, mentioned Pecresse.
GE will report monetary earnings tomorrow (Jan 31).
Clarion Events Power and Energy Series features a world portfolio of occasions targeted on the technology and distribution of vitality and the worldwide transition to renewable vitality. These embrace DistribuTECH, which takes place subsequent week in New Orleans, HydroVision International in Portland, Oregon in July, POWERGEN Asia in Malaysia in September, and POWERGEN Europe in Paris and POWERGEN International in New Orleans, each in November.