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GE Power, Egypt's EETC to connect 120 MW of wind power to national grid through extension of the Gabal El Zayt substation

December 11, 2017
  • Extension of the Gabal El Zayt substation will help connect up to 120 MW of wind power to the national grid from one of the region’s largest wind farms
  • GE will also provide local project management, engineering, design, fabrication, the erection of power transformers, site management, testing and commissioning services on a turnkey basis as part of the agreement

Cairo, Egypt; December 11, 2017: GE Power (NYSE: GE) today announced that it has signed an agreement with the Egyptian Electricity Transmission Company (EETC) for the exten

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GE Board of Directors Authorizes Regular Quarterly Dividend

December 08, 2017

BOSTON, Mass.-December 8, 2017-The Board of Directors of GE (NYSE: GE) today declared a $0.12 per share dividend on the outstanding common stock of the Company.  As previously disclosed during the Company’s November 13, 2017 investor update, the dividend payout has been set to align to GE’s cash flow generation, and the dividend remains an important component of GE’s capital allocation framework. The dividend is payable January 25, 2018 to shareowners of record at the close of business on December 27, 2017. The ex-dividend date is December 26, 2017.

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GE Power Announces Proposal for Organisational Restructure

December 07, 2017

This morning General Electric announced to staff in their Power division plans for a consultation period on proposals for an organisational restructure.
 

The market conditions have had a significant impact on GE’s economic performance. Demand for new built power plants dramatically dropped in all OECD countries. Traditional utility customers have reduced their investments due to market deterioration and uncertainty about future climate policy measures.
 

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GE Power Announces Global Headcount Reduction of 12,000 Jobs As Part of Plan to Take Out $1 Billion in Structural Costs

December 07, 2017

Aligns with company’s effort to reduce overall structural cost by $3.5 billion in 2017 and 2018

BOSTON - DECEMBER 7, 2017 - GE Power (NYSE: GE) today announced that it plans to reduce its global headcount by approximately 12,000 positions, affecting both professional and production employees. 

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GE Power presents proposal to social partners to respond to challenging global energy market

December 07, 2017
  • The proposal involves a reduction of approximately 1,400 jobs in Switzerland however it does not include any site closures and 
  • Switzerland remains important to GE Power and Baden (AG) will continue to be the headquarters location for the Steam Power Systems and Power Services businesses.
  • The proposal retains significant expertise in Gas Project and Plant Engineering, Steam Turbine engineering as well as the Services for both Steam and Gas plants. 
  • It is subject to consultation process with the internal worker’s representatives.
 

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GE Renewable Energy selected for the supply of two Small Hydropower Plants in Brazil

December 06, 2017
  • Scope of work to include GE's new horizontal S-Kaplan turbines for Small Hydropower 
  • Both plants to provide the local industry and 165,000 households with reliable and flexible sustainable energy 
  • Deal confirms Brazil's will to develop Small Hydropower and GE’s strategy to grow in this industry segment

Paris, France, December 6th 2017 - The Hydropower business of GE Renewable Energy has been selected by ATIAIA ENERGIA S.A to equip two Small Hydropower plants: Areado plant on Indaiá Grande river, and Bandeirante plant on Sucuriú river, both i

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GE Additive opens Customer Experience Center in Munich

December 05, 2017
  • GE Additive’s first international Customer Experience Center opened in Munich; The center, launched with an investment of $15 million, will employ up to 50 GE Additive employees within the 2,700 square meter state-of-the-art facility
  • Center allows current and potential customers to accelerate their  journey into additive manufacturing
  • More than 150 guest and dignitaries from business, politics and academia came to Munich for the opening and discussed the importance of additive manufacturing

Munich, Germany - 5 December 2017 - GE Additive (NY

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Bureau Veritas Partners with Avitas Systems, a GE Venture, to Create the Next Generation of Inspection Services Driven by Advanced Analytics

December 05, 2017

Bureau Veritas and Avitas Systems will transform industrial inspection with predictive analytics, robotics, and AI across industries, focusing short-term on electric power and utilities

PARIS-LA DEFENSE, FRANCE AND BOSTON, MA - DECEMBER 5, 2017 - 

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HA technology now available at industry-first 64 percent efficiency

December 04, 2017
  • GE Power’s largest 9HA.02 gas turbine is now available at more than 64 percent net efficiency in combined cycle power plants
  • Additive manufacturing plays significant role in HA technology’s upgrades
  • HA continues to be world's most efficient gas turbine

 

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Concept Laser Lays the Foundation for Additive Manufacturing of Tomorrow

November 30, 2017
  • Groundbreaking ceremony for new location for 3D metal printing in Lichtenfels
  • Expansion of activities for research, development, and production at Concept Laser

Lichtenfels, Germany, November 30, 2017 - With today’s groundbreaking, GE (NYSE: GE) and Concept Laser lay the foundation for a new facility in Lichtenfels, Germany. In the future, the 3D Campus will unite research and development along with production, service, and logistics.

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