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Press Release

GE Moves Date of Third Quarter 2018 Earnings Release and Webcast to Tuesday, October 30, 2018

October 12, 2018

BOSTON-October 12, 2018--GE (NYSE: GE) today announced that it has moved the date of its third-quarter earnings release and webcast to Tuesday, October 30, 2018. 

The Company moved the call to allow GE Chairman and CEO Larry Culp to complete initial business reviews and site visits following his appointment on October 1. The Company will discuss the results for the third quarter ending September 30, 2018. Culp will share his initial observations, with more detail expected in early 2019. 

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Press Release

GE Power Joins Study on Blockchain

October 11, 2018

Deutsche Energie-Agentur (dena) study examines application possibilities, technical conditions and business models in the energy system

 

San Ramon, California, October 11, 2018 - GE Power Digital has joined a study to evaluate the use of blockchain technology for energy industry applications. The study - launched by the German energy agency, Deutsche Energie-Agentur (dena) - will investigate whether blockchain applications can be operated economically and reliably in energy industry use cases.

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GE Seizes Opportunity in Changing Energy Landscape with Investments in the Aeroderivative Business

October 09, 2018
  • GE Invests More than $200 Million into Aeroderivative Technology and Services Solutions
  • Broadens Cross-Fleet Solutions by Repowering Siemens, Rolls-Royce, Pratt & Whitney and Mitsubishi Gas Turbines with GE Aeroderivative Technology and $15 Million in Backlog Orders
  • Announces Plans to Expand Houston Service Center to Support Increased Services Volume

 

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Press Release

Funds Managed by Apollo Global Management to Acquire Approximately $1 Billion Portfolio of Equity Investments from GE Capital's Energy Financial Services

October 07, 2018

NEW YORK, New York - October 8, 2018: Funds managed by affiliates (the “Apollo Funds”) of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO) and GE Capital (NYSE: GE) today announced they have entered into a definitive agreement for the Apollo Funds to acquire an approximately $1 billion portfolio, including assumed obligations, of predominantly equity investments in energy assets (the “Equity Portfolio”) from GE Capital’s Energy Financial Services unit.  The Equity Portfolio comprises approximately 20 investments in renew

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GE Global Research Awarded $12.6 Million from the US Department of Energy to Develop Quantum-level Cybersecurity Protections for Critical Power Assets

October 04, 2018
• Funding to support three projects to safeguard wind power installations and natural gas systems and build up cyber protection technologies      to quantum-level capabilities
• Will build upon GE’s ongoing work to build the world’s first industrial immune system - Digital Ghost -- to protect power plant assets from         cyber threats
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Press Release

FAA Approves AiRXOS as Low Altitude Authorization and Notification Capability (L.A.A.N.C.) Partner, includes Further Coordination

October 03, 2018
AiRXOS selected as a UAS Service Supplier (U.S.S.) for the LAANC program, furthering advanced operations at or near airports  
 

Boston, MA.  - (October 3, 2018) Today, AiRXOS has been approved by the FAA as a Low Altitude Authorization and Notification Capability (LAANC) supplier with Further Coordination.

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GE Introduces the Next Generation of the Waukesha 275GL+ Gas Engine with ESM2 to Meet High Horsepower Gas Compression Needs

October 02, 2018
  • Improved Fuel Flexibility-with Full Power and No Derate Until 1,550 BTU
  • Lower Emissions-Now with NOx as low as 0.3 g/hp-hr (140 mg/Nm3)
  • Improved Reliability and Ease of Use-via Latest ESM2 Engine Controls for Waukesha Gas Engines
  • Faster Deliveries-with Lead Times Currently Less than 20 Weeks

 

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Working Smarter, Not Harder: GE's Distributed Power Expands Waukesha* VHP* Series Five Family of Rich-Burn Gas Engines

October 02, 2018
  • The Waukesha VHP Series Five Family of Rich-Burn Gas Engines Adds the P9394GSI S5 at 2,500 Horsepower (HP) to the Existing L7042GSI S5 at 1,500 HP and L7044GSI S5 at 1,900 HP
  • Major Technology Improvements Include Improved Cylinder Head, Piston/Ring Design, Miller Cycle Combustion and Waukesha’s Latest ESM*2 Engine Controls
  • Gas Compression Customers Benefit from Increased Power, Improved Fuel Efficiency, Lower Operating Costs, Improved Fuel Flexibility/Ambient Capability and Improved Reliability, All Enabled by Upgraded Controls and Improved Thermal
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Two HA Gas Turbine Plants Selected by POWER Magazine as "Top Gas Projects" for 2018

October 01, 2018
  • Chubu Electric's Nishi Nagoya power plant and Tennessee Valley Authority (TVA)'s Allen Combined Cycle power plant featured in October issue

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Press Release

H. Lawrence Culp, Jr. Named Chairman And Ceo Of Ge

October 01, 2018

GE Power business outlook declines, leading to shortfall relative to 2018 guidance; Company to take non-cash impairment charge related to GE Power

Thomas W. Horton appointed as Lead Director

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