“We have positioned the company to capitalize on some of the biggest external themes of the day, like emerging-market growth, affordable healthcare and clean energy. Internally, we treat “growth as a process” by focusing on innovation, customer needs, services and best-practice integration. We are executing six growth imperatives to drive GE's continued success.” – Jeffrey R. Immelt
Technical leadership requires sustained investment, great talent and a focus on risk-taking and innovation—traditional competitive advantages for GE. With nearly 40,000 talented engineers and scientists, four Global Research Centers and a fifth on the way, and about 6% of Infrastructure revenues spent on investment in innovation, GE has a broader and deeper pipeline of new products than ever before. And with U.S. patent filings up 14% and issuances up 21% last year, it’s clear GE is investing—and innovating—for future growth.
GE launched the industry’s first ENERGY STAR® qualified A-line LED bulb. This technical wonder replaces a regular 40-watt incandescent, but lasts more than 20 years and cuts energy use 77%.
The Discovery CT750 HD with Veo is the world’s first high-definition CT scanner. It delivers profound imaging detail across the entire body—revolutionizing how physicians view CT scans while dramatically reducing the patient’s radiation dose.
GE’s next-generation Frame 7FA heavy-duty gas turbine delivers better output, thermal efficiency, operability and life-cycle costs for power producers, while maintaining operational flexibility—and helping suppliers manage demand.
Once commercially available, the Evolution Hybrid Locomotive will capture energy through dynamic braking and reduce fuel consumption and emissions versus current engines. The energy recaptured from one locomotive over one year is enough to power 8,900 average U.S. households.
Serving more than 20 industries—including energy, water, oil & gas, transportation, food & beverage and manufacturing—GE service and software capabilities improve real-time decision-making, enable more efficient operations, drive innovation and ensure quality and regulatory compliance for customers around the world. GE’s unique domain expertise, expansive installed base and world-class operational acumen enable our customers to turn data into actionable intelligence for mission-critical needs.
GE’s RailEdge® Movement Planner is a breakthrough software system that helps railroads run smarter and move more freight faster, potentially saving millions in capital and expenses and improving productivity.
Nucleus™ energy manager with GE Brillion™ technology, when used with a smart meter in conjunction with a utility, helps homeowners understand and manage their residential energy use, a great step toward saving energy and money.
GE Healthcare created Omnyx as an independent joint venture with the University of Pittsburgh Medical Center, with a focus on digitizing pathology much like radiology was digitized over the last 20 years. Omnyx Integrated Digital Pathology solutions leverage GE’s innovation to transform the field of pathology worldwide.
GE’s TrueCourse™ Flight Management System can keep planes on schedule by using crowded airspace more efficiently. It keeps aircraft within feet of their optimized flight paths and within seconds of scheduled arrival times—saving passengers time and airlines fuel.
GE’s breadth of operations, globally recognized brand and “recentralized” organizational structure are helping it succeed in markets around the world. In resource-rich regions like Russia, the Middle East and Latin America, and in emerging Asian countries like China and India—where growth is double that of the developed world—GE has set a strategic course. We’ve localized research, technology, talent and operations to “go where the growth is.”
Localizing R&D capabilities is an important element of GE’s strategy to strengthen our presence in key growth markets. Our newest Global Research Center is set to open in the next 12–18 months in Rio de Janeiro—part of our $500 million commitment in Brazil.
GE continues to deepen its commitment to developing countries through products tailored to their specific market needs and then enhancing these products for distribution globally. At facilities like this one in Wuxi, GE doubled the number of low-cost ultrasound machines manufactured in China from 2006 to 2010.
GE technology is helping meet energy demand by producing oil and gas from rich but unconventional reservoirs in Angola, Australia, Brazil, China, Iraq and beyond. Our goal is to find innovative ways to unlock stranded resources to secure energy for tomorrow’s world.
Partnering with key global players to access new markets, technology and ideas is at the heart of GE’s joint venture with AVI C Systems to supply avionics for China’s new C919 150-passenger jet and others. Such alliances place GE squarely in an area of explosive growth in China.
The plan is simple: diversify in markets GE knows well—make multiple, scalable bets with disciplined organic and inorganic investments, and utilize our global sales, distribution and research capabilities to grow brand new billion-dollar businesses. Over the past decade, GE has grown its renewable energy, oil & gas, water treatment and life sciences businesses from having virtually no presence to generating $20 billion a year. We’re aiming to grow another 20 projects in this way and keep GE’s return on total capital in the top quartile of our peers.
Whether generating electricity from landfill gases or methane produced from manure, GE’s Jenbacher engine can provide an efficient and cost-effective way to generate energy from waste. Since 2003, GE has grown Jenbacher revenue by four times and profitability by 40 times.
We’re expanding into the next realm of diagnostic technology by acquiring Clarient, whose laboratory tests help pathologists identify complex cancers. The technology details molecular information about specific cancers, so that doctors can tailor precise treatments.
With solar energy poised as the next big bet in renewables, GE is partnering with PrimeStar Solar, Inc. to commercially develop a cadmium telluride thin film product. The team just achieved a world record for efficiency and plans to scale up the technology for commercial production.
Together with Intel, we’re developing new technology-based, at-home healthcare solutions for the 2 billion people who will soon be over age 60. The goal is to help older people, and those with chronic conditions, live independently and with dignity.
Linking GE’s industrial and financial businesses enables us to employ our extensive industry expertise to address customer needs. We can be an essential partner for our customers—many of whom are small- and medium-size businesses—offering them not only the best products and services, but also access to capital, a deep understanding of their sectors and operating insight that other financial services firms can’t match. For our shareowners, GE Capital is a valuable franchise providing good earnings and cash flow to fuel investment in companywide growth.
Mid-sized customers choose GE Capital over traditional banks because we do more than lend money—we help businesses grow. For Bobcat, inventory financing and online accounting help dealers better manage customer credit. And GE’s industry knowledge helps Bobcat dealers get customers into equipment they need to grow their businesses.
GE Capital provides private label and dual credit card programs along with financial services to more than 40 million account holders. This year our programs will deliver more than $70 billion in retail sales throughout the United States.
To expand from one hospital to eight, Ochsner Health System turned to GE Capital to balance equipment needs with management of working capital. By leasing diagnostic equipment at competitive rates, Ochsner got the latest imaging technology quickly while freeing up working capital.
With a $49 billion portfolio—and 1,800 owned and managed aircraft in 75 countries—GE Capital Aviation Services provides comprehensive fleet and financing solutions. Our knowledge and assets help customers acquire aircraft, engines and parts, and find ways to pay with less risk and better returns.
Cleaner energy. More affordable healthcare. Access to smarter capital. We take on some of the world’s most pressing needs with solutions that deliver human progress, as well as sustainable growth for GE and our shareowners. This is the powerful premise behind our ecomagination and healthymagination strategies. They bring together imagination, investment, and technology to enable GE and our customers to generate revenue, while reducing emissions and providing healthcare to more people.
GE has created intelligent plug-in electric vehicle charging devices for U.S. and global markets to help consumers charge their cars during low-demand, lower-cost time periods. As a result, smart chargers will make plug-in cars more attractive to utilities and consumers, helping to lower our carbon footprint and oil dependence.
Roughly the size of a smart phone, the Vscan houses powerful ultrasound technology, so doctors can quickly and accurately make diagnoses beyond basic vital signs. Vscans could one day redefine the physical exam, becoming as indispensable as the traditional stethoscope.
As the world seeks energy solutions in the face of environmental, regulatory and financial pressures, unconventional gas sources gain importance. GE provides innovative chemical and equipment technology that treats and supplies millions of gallons of water needed for shale and tight gas production while protecting the environment.
Healthcare IT tools are transforming medicine by giving doctors new ways to improve efficiency, standardize care and reduce errors. GE Healthcare’s Centricity Advance is a web-based Electronic Medical Record and patient portal that helps small and independent practices focus more on patients and less on paperwork.