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Press Release

GE Wins Nearly $1 Billion Contract to build SEC's 1390 MW Waad Al Shamal combined cycle power plant

December 31, 2015
  • Landmark project to be delivered in 48 months; to support phosphate mining plant in the locality driving industrialization and job creation for Saudis
  • Plant to feature GE’s latest F-class heavy duty gas turbines, one of them to be ‘Made in Saudi’ at GE Manufacturing Technology Center in Dammam
  • Features solar innovation technology that adds value to Saudi Electricity Company 

Riyadh, Saudi Arabia; December 31, 2015: GE (NYSE: GE) has been awarded a landmark contract valued at nearly US$1 billion for the engineering

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Press Release

Optimism Builds for Recreational Vehicle Industry In Latest Commercial Distribution Finance Survey

December 28, 2015

CHICAGO, Dec. 28, 2015 - Optimism among dealers and other industry participants in the outlook for the recreational vehicle (RV) industry continued to increase from prior years, according to annual survey results released today by Commercial Distribution Finance (CDF), a business of GE Capital. Almost half (48 percent) of survey respondents said they expect sales to rise 5 percent to 10 percent next year, up from 41 percent who foresaw that rise in sales twelve months ago. Additionally, 31 percent of respondents expected RV sales to grow more than 10 percent.
 

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GE to Acquire Metem Corporation in Move to Simplify Operations and Increase Supply Chain Efficiency

December 28, 2015
  • Purchase Would Expand GE in-House Capabilities to Provide Exceptionally Engineered, Fully Integrated, Comprehensive Machining Solutions
  • Metem Expertise Would Allow GE to Grow Cooling Hole-Drilling Work

SCHENECTADY, N.Y.-December 28, 2015-GE (NYSE: GE) today announced that it has signed a purchase agreement to acquire Metem Corporation, a U.S.-based provider of precision cooling hole manufacturing technologies that enable turbine engines to function more efficiently, saving costs, increasing operation time and reducing emissions. 

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GE Capital Aviation Services Completes Purchase-and-Leaseback Transaction for Two Airbus A350s with Finnair

December 23, 2015

SHANNON, Ireland - December 23, 2015 - GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it completed a purchase-and-leaseback transaction involving two new Airbus A350-900 XWB aircraft with Finnair. The aircraft delivered in October and December and are part of Finnair’s long-haul fleet renewal program.

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GE Oil & Gas Signs Groundbreaking Contractual Service Agreement with PT Donggi-Senoro LNG

December 23, 2015

·         Long term contract signed between GE and PT Donggi Senoro LNG is worth EUR 102 million

·         Under the terms of the agreement GE will provide full package services for Donggi Senoro LNG plant

·         The deal sees for the first time ever GE Oil & Gas maintain and monitor non-GE equipment supplied by other Original Equipment Manufacturers (OEMs).

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GE and SoftBank Collaborate to Deliver Industrial Internet Solution for LIXIL, Powered by Predix

December 22, 2015

GE and Softbank’s First Alliance Solution Designed to Drive Service Transformation for LIXIL Total Service

 

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GE Appoints Four New Company Officers

December 22, 2015

FAIRFIELD, Conn. - December 22, 2015 - GE [NYSE: GE] announced today the appointment of four new Company officers. Effective January 1, 2016, GE will have 193 officers globally who lead large revenue-generating businesses or are in critical technology or functional roles, helping to drive growth.

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GE Signs Its Largest French Onshore Wind Deal to Date

December 21, 2015
  • 120 megawatts (MW) to be installed at two new wind farms in Franche-Comté region
  • Contract with Velocita Energies includes 43 wind turbines plus full services agreement
  • Deal calls for GE’s largest installation of 2.75-120 technology anywhere in Europe

Paris - December 21, 2015 - GE Renewable Energy (NYSE: GE) today announced it will provide 43 wind turbines and a full services agreement for two new wind projects in eastern France.

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Clarke Energy Deploys GE's First 616 Diesel Engine in Queensland, Australia, for Local Power Station Backup Power Project

December 17, 2015
  • 616 Unit to Provide ‘Black Start’ Capability to 242-Megawatt Combined-Cycle Power Plant in Mount Isa, Queensland
  • Project to be Critical in Helping Power Plant Promptly Restart, Restore Power to the Region 

ADELAIDE, AUSTRALIA-December 17, 2015-Diamantina Power Station (DPS) in the city of Mt. Isa in the Australian state of Queensland has selected Clarke Energy to supply and install the country’s first highly efficient 2.6-megawatt (MW) 616 diesel engine from GE’s Distributed Power business (NYSE: GE).

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From Bhikki to Balloki: GE and Harbin to Deliver Second High-Efficiency HA Gas Power Plant for Pakistan

December 16, 2015
  • Federal Government of Pakistan Cites Project as a “Game Changer in the Energy Sector, Setting a Benchmark in Lowest Prices and Highest Efficiency”
  • The Plant will be able to Generate the Equivalent Power Needed to Supply More Than 6 Million Pakistani Homes
  • Balloki Combined-Cycle Power Plant Marks the 24th and 25th HA Gas Turbine Orders Worldwide

SCHENECTADY, N.Y.-December 16, 2015-With Pakistan facing a projected 5 gigawatt (GW) energy shortfall, the Federal Government of Pakistan is moving forward with plans to avoid blackouts and

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