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Press Release

Todd Ernst Named GE's Vice President of Investor Relations

June 29, 2018

BOSTON - 29 June 2018: GE (NYSE: GE) today announced that Todd Ernst will join GE as vice president of investor relations, effective July 23, 2018. In this role, Ernst will be responsible for communicating the vision and value of GE’s transformation with its shareholders and the financial community. Ernst joins GE from Raytheon, where he served most recently as vice president of Corporate Development. He succeeds Matt Cribbins, who is leaving GE as part of a planned transition process. 

 


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Press Release

GE Renewable Energy Chosen to Refurbish Boundary Powerhouse

June 27, 2018
  • GE Renewable Energy to rebuild three generators on the 1,117 MW Boundary plant
  • Project will improve generator output performance by +12 percent and enhance grid stability
  • Deal highlights the growing role of the North American hydro fleet in supporting the national grids

Brossard, Canada 27 June 2018 - The Hydropower business of GE Renewable Energy announced during the Hydrovision conference taking place in Charlotte, NC, that it has been chosen by Seattle City Light (SCL), the seventh largest publicly owned utility in the US, to rebuild thre


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EDF and GE sign a strategic cooperation agreement for the planned construction of 6 EPRs in India

June 26, 2018

On the 26th of June 2018, Xavier Ursat, Group senior executive vice president of EDF in charge of new nuclear projects and engineering, and Andreas Lusch, President and CEO of GE’s Steam Power business, announced that GE and EDF signed a strategic cooperation agreement for the planned construction of 6 EPR reactors at the Jaitapur site, Maharashtra, India.


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GE Focuses Portfolio for Growth and Shareholder Value Creation

June 26, 2018
  • Company to focus on Aviation, Power and Renewable Energy
  • Healthcare to become standalone company; GE expects to monetize 20% and distribute remaining 80% of GE Healthcare to shareholders tax-free 
  • Plans to fully separate Baker Hughes, a GE company (BHGE)  
  • Strengthening the balance sheet: Clear path to reduce debt by $25 billion, achieve Industrial net debt to EBITDA of less than 2.5x by 2020 and further
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GE to Sell Distributed Power Business to Advent International for $3.25 Billion

June 25, 2018

Advent to Provide Investment in Product Portfolio, Service Network and Digitization to Accelerate Execution and Growth


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New molecular imaging products deliver quantitative accuracy for improved diagnoses

June 24, 2018
  • Discovery MI now available in an upgradable configuration with ultra-high sensitivity
  • Five new nuclear medicine systems designed to help clinicians achieve exceptional outcomes
  • Nuclear cardiology imaging software, Emory Cardiac Toolbox, provides remote reading and reporting virtually anywhere

Philadelphia, PA - June 24, 2018 - GE Healthcare showcased new molecular imaging and software solutions at the Society of Nuclear Medicine and Molecular Imaging (SNMMI) 2018 that will help deliver the vision


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GE Power and EDF Energy Progress on Hinkley Point C Nuclear Project to Supply 6 Million UK Households with Clean Power

June 19, 2018
  • GE Power to start the manufacturing ARABELLE™ steam turbine rotor for Hinkley Point C
  • ARABELLE™ steam turbines power more than half of the world’s nuclear power plants today
  • Project will deliver around 7% of the UK’s power generation capacity for the next 60 years 

Paris - June 20, 2018 - GE Power’s Steam Power and EDF Energy, a fully-owned subsidiary of the EDF Group, the UK’s largest producer of low-carbon electricity, have reached a key project milestone with the start of the manufact


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GE hits 100th power plant milestone in Sub-Saharan Africa

June 19, 2018
  • 100 power plants across renewables, gas and steam plants generating over 46GW of power
  • Over 300 installed turbines providing equivalent power for up to 250 million people
  • 100th Power plant milestone reached in Angola with recent fast, mobile TM2500 gas power installations

 


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GE Power Announces New Achievements by HA Gas Turbine and Services Upgrades

June 14, 2018
  • Underscores Unique Position to Help Meet Growing Electricity Needs Around the World
  • HA is the Fastest Growing Fleet of Gas Turbines in the World with 76 Units Ordered by 25+ Customers across 15+ Countries-26th Unit Entering Commercial Operation
  • New Additive Technology MXL2 Upgrade Offers Power Producers up to $3 Million of Additional Revenue and up to $2 Million in Fuel Savings Annually

GREENVILLE, S.C.-June 14, 2018-GE Power (NYSE: GE) today announced a gr


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GE Introduces New Femto DLynx II Buck Converters with Company's Smallest-to-Date Footprint

June 12, 2018
  • GE’s FKX003 and FKX006 Converters Provide a Small, Complete Module in a Footprint of Only 6.76 Millimeter (mm) by 9 mm
  • New Femto DLynx IITM Buck Converters Available in 3-Ampere (A) and 6-A Modules
  • Small Footprint Frees up Valuable Board Space

 


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