General Electric

Partnership Positions GE as first U.S. High-Speed Rail Locomotive Manufacturer

Erie, Pa., USA and Beijing, China (Nov. 17, 2009) - GE and China’s Ministry of Railways today announced that they signed a memorandum of understanding (MOU) to jointly advance high-speed rail (HSR) opportunities in the United States. This collaboration will allow GE Transportation to be the first U.S. locomotive manufacturer to more effectively compete for high-speed rail projects against global competitors.

In addition, the partnership would accelerate GE’s passenger rail technologies and create in the near future up to 150 high technology jobs in the U.S. The announcement was made as part of "GE's Clean Technology Week in China" activities.    » read more »

VINALHAVEN, Maine--Tuesday, November 17, 2009-- Harnessing Maine’s strong ocean winds, three wind turbines supplied by GE (NYSE: GE) now are producing power for the residents of Vinalhaven and North Haven, two year-round communities that comprise the Fox Islands located in Penobscot Bay in mid-coast Maine.

The wind facility, which has three GE 1.5-megawatt machines on site, was dedicated today as part of a ribbon-cutting ceremony held by the project developer, Fox Islands Wind, LLC. On average, the project is expected to generate approximately 11,600 megawatt hours of electricity per year, supplying the island’s communities with year-round cleaner, more affordable power.    » read more »

$2 million NIEHS award to support development of a radio frequency identification (RFID) vapor sensor that can be part of a badge and worn on clothing

17 November 2009 -- NISKAYUNA, N.Y.--(BUSINESS WIRE)--GE Global Research, the technology development arm for the General Electric Company (NYSE: GE), today announced a $2 million award from the National Institute of Environmental Health Sciences (NIEHS), part of the National Institutes of Health to develop wearable RFID sensors to alert people to the presence of environmental chemical agents in the air and sample exhaled breath to serve as an early indicator of disease.    » read more »

12 November 2009 -- Louisville, Kentucky – Open the December issue of Popular Science and you’ll find that the GE Hybrid Water Heater, with its advanced technology, pulls energy savings out of thin air. The innovative water heater has won a Best of What’s New award in the Home Technology category. This is the fourth time GE’s innovative products have won a Popular Science Best of What’s New award for Home Technology.    » read more »

Seven-Year O&M Contract Covering 529 GE 1.5-MW Machines Highlights E.ON and GE’s Services Focus

SCHENECTADY, N.Y. -- November 12, 2009 -- GE (NYSE: GE) and E.ON Climate & Renewables (EC&R) North America have signed a seven-year operation and maintenance (O&M) agreement covering EC&R’s complete fleet of 529 GE wind turbines installed in the United States. The O&M deal is one of the largest wind services agreements ever signed by GE.

The agreement is designed to maximize turbine availability and energy production across EC&R’s U.S. installed base of GE wind turbines. In addition, the agreement reflects GE and EC&R’s shared goal of maintaining peak performance and reliability and building the world’s best running fleet.    » read more »

Increased demand for restructuring finance expected to continue through 2010

NORWALK, Conn. -- November 12, 2009 -- GE Capital, Restructuring Finance ended 3Q as one of the most active providers of debtor-in-possession (DIP) and plan-of-reorganization (POR) financing in the U.S. and Canada, arranging or deploying approximately $2 billion throughout the first nine months of the year.

DIP financing is used by borrowers to fund ongoing working capital needs as they restructure under Chapter 11. POR, or exit financing, is utilized to support working capital needs upon emergence from bankruptcy.    » read more »

Wind Capital Group’s Lost Creek Project to Produce Enough Power for 50,000 Homes

SCHENECTADY, N.Y.--Wednesday, November 11, 2009-- In an effort to meet Missouri’s ongoing renewable energy goals, Wind Capital Group is developing the state’s largest wind project, Lost Creek, with the support of GE’s (NYSE: GE) 1.5-megawatt wind turbine technology.

The Lost Creek project supports Missouri’s Clean Air Initiative, which calls for 15 percent of the state’s power to be generated from renewable resources by the year 2021. When it enters commercial service in the spring of 2010, the project will have the capacity to generate 150 megawatts (MW) of electricity, enough to power more than 50,000 homes.    » read more »

Columbus, Ohio – Ohio Governor Ted Strickland, Ohio Department of Development Director Lisa Patt-McDaniel, Ohio Board of Regents Chancellor Eric Fingerhut, and regional and local leaders today joined GE Aviation President and CEO David Joyce for an announcement of a $161 million investment at the company’s global headquarters in Evendale near Cincinnati.

The project will revitalize the headquarters and is expected to retain more than 5,000 Ohio jobs.    » read more »

Makes Loan to Indonesia’s Biggest Geothermal Power Plant

JAKARTA, Indonesia--Wednesday, November 04, 2009-- Tapping into growth in Asia and in renewable energy, GE (NYSE: GE) unit GE Energy Financial Services announced today it has loaned US $50 million to Indonesia’s biggest geothermal power producer, a 220-megawatt emissions-free plant set in a volcanic region of tea and quinine plantations.

The loan for the Wayang Windu plant -- near the town of Pangalengan, 200 kms southeast of Jakarta – represents the first geothermal power investment by GE Energy Financial Services outside the United States, as well as the continued execution of its global growth strategy.    » read more »

GE to Showcase Jenbacher Biogas Engines that are Helping U.S. Dairy Farmers Generate Renewable Electricity from Cow Manure Methane

SYRACUSE, N.Y.--Thursday, October 29, 2009--With the country working to develop cleaner, alternative energy sources, the U.S. dairy industry with sponsorship from GE Energy is convening the New York Dairy Power Summit in Syracuse, N.Y., this week.

The summit brings together experts in dairy production, engineering, environmental science, financing, legislation and policy, and green energy business to accelerate opportunities for U.S. dairy farmers to use cow manure methane biogas to generate reliable, cost-effective renewable electricity.    » read more »

FAIRFIELD, Conn. – Oct. 16, 2009 – GE announced today third-quarter 2009 earnings from continuing operations (attributable to GE) of $2.5 billion, or .22 per share, including the effect of .05 in restructuring and other charges, down 51% from the third quarter of 2008. Industrial segment profit grew 4% in the quarter compared to the year-ago period.

Cash generated from GE Industrial operating activities totaled $4.4 billion in the quarter and $11.5 billion year to date, up 1%. Total company backlog of equipment and services grew 2% to $174 billion over the prior quarter.    » read more »

14 October 2009 -- NISKAYUNA, New York and Herzliya, Israel, October 14, 2009 – SolarEdge, whose technology increases solar power systems’ output by up to 25 percent, announced today that GE (NYSE: GE) unit GE Energy Financial Services has joined a US$23 million funding round to support growth in residential and large-scale photovoltaic sites.

SolarEdge’s other investors are US venture capital leaders Opus Capital and Walden International, the Israeli funds Genesis Partners and Vertex Venture Capital, and the Singaporean fund JP Capital Asia.    » read more »

GE’s Jenbacher CHP Units to Support European Union Energy Efficiency Goals, Help Eliminate up to 40 Percent of a Plant’s Annual CO2 Emissions

PLOIESTI, Romania--Wednesday, October 07, 2009-- In line with a major initiative by the European Union (EU) to reduce emissions, GE Energy, the Coca-Cola Hellenic Bottling Company S.A. and the energy development company ContourGlobal today celebrated the opening of a new cogeneration plant at Coca-Cola Hellenic’s Ploiesti bottling facility near Bucharest.

The Romania natural gas-fueled cogeneration plant represents the first of a planned group of 15 combined heat and power (CHP) plants that will be installed at Coca-Cola Hellenic’s facilities in 12 European countries.    » read more »

GE’s CHP Units Help Mine Reduce Environmental Impact by Saving 1.3 Million Tons of CO2 per Year

29 September 2009 -- NORTH QUEENSLAND, AUSTRALIA -- Queensland Minister for Mines and Energy Stephen Robertson today formally opened one of Australia‘s most powerful onsite power plants fueled by waste coal mine gas (WCMG). Today’s event highlights the mining industry’s efforts to reduce the environmental impact of its activities while ensuring that coal remains an important national export and global energy source.    » read more »

Innovative energy systems produces 60 megawatts of usable energy from landfill gas with ge fanuc intelligent platforms hardware and software

CHARLOTTESVILLE, Va.--30 June 2009-- In the true spirit of environmental consciousness, GE Fanuc Intelligent Platforms’ customer Innovative Energy Systems (IES) has developed a clean energy solution that recovers methane gas from landfills and converts it into electricity as an alternative energy source.

The solution uses GE Fanuc Intelligent Platforms’ controllers, HMI/SCADA software and operator interface equipment to facilitate the processing of the gas and keep the system running efficiently and effectively, providing Innovative Energy with a sustainable and competitive advantage.    » read more »