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Press Release

GE's Energy Consultants to Study Operation and Security of Cambodian Electrical Grid

December 18, 2014
  • Study Findings Aim to Help Capacity Building and Enhance Grid Performance and Security
  • By Implementing Findings from the Study Electricité Du Cambodge (EDC) Could Realize Greater Network Reliability and Availability
  • In Addition to the Cambodia Grid Study, EDC will be Awarding a Five-Year Software Maintenance and Services Contract to Provide Specific Software Maintenance and Support to the EDC’s EMS System

PHNOM PENH, CAMBODIA-December 18, 2014-Today, Electricité Du Cambodge (EDC), Cambodia’s government-run utility, contrac

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GE Brings Solar Power to Nigerian Noodle Company

December 18, 2014
  • GE Collaborating with Tolaram Group to Provide Solar/Diesel Hybrid Power for Local Noodle Factory
  • Project will Reduce Diesel Fuel & Emissions by 18 Percent
  • First Installation of GE’s Solar Hybrid Technology in Africa

KADUNA, Nigeria-December 18, 2014-GE (NYSE: GE) today announced it will supply Northern Noodles Ltd., a subsidiary of DUFIL and Tolaram Group, with solar technology to reduce emissions at a food manufacturing plant in Kaduna, Nigeria.

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GE Expands Global Wind Presence in Poland with Lewandpol Company

December 18, 2014
  • GE 2.5-103 Wind Turbines will Generate Power in Southern Poland to Assist with Polish Renewable Energy Goals
  • Galicja Wind Farm, planned to reach 120 MW, will be One of the Largest Wind Farms in Poland

WARSAW, Poland- December 18, 2014 - GE (NYSE: GE) today announced that it will supply Lewandpol Company with 27 GE 2.5-103 megawatt (MW) wind turbines for the Galicja Wind Farm in Poland. Ten of the wind turbines are currently under construction, with another 17 planned to begin construction in 2015.

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GE Capital Provides Fitness Club Chain YouFit with $45 Million in Growth Capital

December 18, 2014

CHICAGO - GE Capital today announced it is providing a $45 million credit facility to YouFit, LLC., a chain of fitness clubs. The facility will be used to support the company’s future growth plans and for general working capital needs.

YouFit is headquartered in Deerfield Beach, FL, and has more than 75 locations in 13 states. YouFit provides customers with budget-friendly, month-to-month membership options. They are also committed to sustainability, outfitting gyms with energy-efficient choices and recycled materials.

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Five GE Capital, Rail Services Employees Elected to Association of American Railroads' Associate Advisory Board Committees

December 18, 2014

CHICAGO, Dec 18, 2014 - GE Capital, Rail Services  today announced that five of its employees have been elected to the Association of American Railroads (AAR) Associate Advisory Board (AAB) committees.

Elected members are:

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Boeing selects GE Aviation for Electrical Power System on 777X

December 16, 2014

Cincinnati, OH - December 16, 2014 - The Boeing Company has selected GE Aviation to provide the Electrical Load Management System (ELMS), the Backup Generator and the Backup Converter for the Boeing 777X aircraft.

“The advanced ELMS on the 777X will control 30% more power than the current system, while contained in the same size and weight,” said Brad Mottier, president of Business & General Aviation and Integrated Systems for GE Aviation.”

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Boeing selects GE Aviation for 777X Common Core Avionics Systems

December 16, 2014

Common core system significantly reduces development cost

Cincinnati, OH - December 15, 2014 - GE Aviation has been selected by The Boeing Company to provide the Common Core System (CCS) and the Enhanced Airborne Flight Recorder (EAFR) for the Boeing 777X aircraft.

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GE Agrees to Acquire Oceaneering's Electric Actuator Product Line to Enhance Remote Subsea Production and Processing Capabilities

December 16, 2014
  • GE to Bring New Subsea-Electric Actuators Technology to Full-Scale Commercial Production
  • Technology Supports Industry Efforts to Enhance Conventional Electro-Hydraulic Controls
  • Acquisition Expands GE Oil & Gas’ Existing Subsea Controls Product Line Portfolio 

 

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GE Improves Grid Reliability with New UL-Certified Smart Meters

December 15, 2014
  • GE Continues to Lead the Industry in Achieving UL Safety Certification for Smart Meters
  • GE’s Commercial and Industrial Smart Meters Now Join its Residential Smart Meters in Achieving UL Certification

 

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GE Capital Agents $19 Million Senior Secured Credit Facility for Rapid Micro Biosystems, Inc.

December 15, 2014

BETHESDA, MD, dec. 15, 2014 - GE Capital’s Healthcare Financial Services business announced today that it has agented a senior secured credit facility of up to $19 million for Rapid Micro Biosystems, Inc. The company provides innovative products for faster detection of microbial contamination in the manufacture of pharmaceutical, biotechnology, and personal care products. The financing, comprised of a revolving credit facility and two term loan facilities, will provide working capital as the company ramps up the commercialization of its products.

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