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Press Release

GE Reopens Prior Debt Offerings for $3 Billion in Proceeds to Enhance and Extend Liquidity

June 08, 2020

BOSTON, Mass.—June 8, 2020—GE (NYSE:GE) announced today that, in response to a reverse inquiry from a long-term strategic investor, it reopened portions of its prior debt offerings for GE Company and GE Capital for $3.0 billion in total proceeds.

GE expects to use these proceeds to reduce shorter-duration debt, including repaying a portion of GE’s intercompany debt obligations to GE Capital and reducing GE Capital’s outstanding debt obligations. The combination of transactions is expected to be leverage neutral over time.  

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GE Safely Delivers Gas Turbine Modernization at Tirreno Power’s Power Plant in Italy

June 03, 2020
  • GE safely completed the modernization of a GE 9F.03 gas turbine at Tirreno Power’s 1,200-megawatt Torrevaldaliga Sud Power Plant amidst pandemic
  • With COVID-19 restrictions rapidly changing, GE quickly implemented additional safety protocols and procedures to ensure employee safety and project execution

BADEN, SWITZERLAND — May 28, 2020 — GE (NYSE: GE) today announced the safe and successful completion of the installation of a new rotor and a compressor upgrade on a GE 9F.03 gas turbine at Tirreno Power’s 1,200-megawat

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Shorter Scans and Better Image Quality: Deep Learning-Based MR Image Reconstruction Tech from GE Healthcare now FDA Cleared

May 27, 2020
• AIR Recon DL is MR industry’s first 510(k)-cleared, deep learning-based image reconstruction technology that works across all anatomies • With COVID-19 postponing up to 5,000,000 U.S. patients’ MR scans* to date, AIR Recon DL can help providers process the backlog faster without compromising image quality

For media inquiries, please contact:

Amanda Gintoft
GE Healthcare
4144127062
[email protected]
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Press Release

GE to Sell Lighting Business to Savant Systems, Inc.

May 27, 2020
  • Deal will create an industry leader combining GE’s brand, lighting expertise and retailer channels with Savant’s innovative smart home technology and professional installation channels for the home
  • Savant will continue use of the GE brand
  • Furthers GE’s transformation into a more focused industrial company

BOSTON, Mass.—May 27, 2020—GE (NYSE:GE) announced today it has signed a definitive agreement to sell its Lighting business to Savant Systems, Inc., an industry leader in the professional smart home space.

For media inquiries, please contact:

Ben Sabol
GE Lighting
216.233.9062
[email protected]
Mary Kate Mullaney
Director, Financial & Executive Communications
GE
+1 202 304 6514
[email protected]
Steve Winoker
Vice President, Investor Relations
GE
+1 617 443 3400
[email protected]
Mary Whitlock
Savant Systems, Inc.
646.388.0735
[email protected]
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Press Release

Shorter Scans and Better Image Quality: Deep Learning-Based MR Image Reconstruction Tech from GE Healthcare now FDA Cleared

May 27, 2020
• AIR Recon DL is MR industry’s first 510(k)-cleared, deep learning-based image reconstruction technology that works across all anatomies • With COVID-19 postponing up to 5,000,000 U.S. patients’ MR scans* to date, AIR Recon DL can help providers process the backlog faster without compromising image quality

For media inquiries, please contact:

Amanda Gintoft
GE Healthcare
4144127062
[email protected]
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Press Release

GE Renewable Energy and Powerica Ltd to add 102.6 MW of Wind Capacity in Gujarat, India

May 21, 2020
  • GE Renewable Energy to supply 38 of its 2.7-132 wind turbines for Low Wind Speed conditions
  • 102.6 MW can power the equivalent of 285,000 households in India

NEW DELHI, INDIA – May 21, 2020 – GE Renewable Energy announced today it has been selected by POWERICA Ltd to supply 38 of its 2.7-132 onshore wind turbines to be installed at the Rajkot and Khambaliya wind farms in Gujarat, India.

For media inquiries, please contact:

Adeline Teo
Communications, Onshore Wind Asia Pacific
GE Renewable Energy
+65 87253027
[email protected]
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GE Renewable Energy to Support the Development of Clean Electricity in Pakistan

May 19, 2020
  • GE Renewable Energy to provide six new hydropower Francis turbines and generators for the Dasu hydropower plant to support the country’s power infrastructure
  • GE’s equipment will help to increase access to clean electricity across Pakistan
  • The project is closely aligned with the government’s long-term vision to bring renewable energy to remote areas of the country

Paris, 19 May 2020 – GE Renewable Energy, in consortium with Powerchina Zhongnan Engineering Corporation Limited, announced today that it has be

For media inquiries, please contact:

Sebastien Duchamp
Communications Director
GE Renewable Energy
+33 6 73 19 59 64
[email protected]
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GE Renewable Energy and Fina Enerji to Build 193 MW Wind Farms in Turkey

May 18, 2020
  • GE Renewable Energy has been selected to supply 52 of its 3 MW platform onshore wind turbines for four wind farms in Turkey
  • With a total capacity of 193 MW, the projects will provide renewable energy to the region, powering the equivalent of 195,000 homes and save up to 650,000 tons of CO2
  • The 156 blades will be manufactured at GE’s LM Wind Power factory in Bergama, Izmir, Turkey

Istanbul, Turkey, May 18th, 2020 - GE Renewable Energy announced today that it has been selected by Fina Enerji to supply 52 of its 3 MW platform onshore w

For media inquiries, please contact:

Agathe Lefévre de la Houplière
Communications, Hydro Power
GE Vernova
+33 7 71 44 89 35
[email protected]
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Press Release

GE Announces Expiration and Results of its Debt Tender Offers in Conjunction with GE Capital Debt Issuance

May 15, 2020

BOSTON – May 15, 2020 – GE (NYSE:GE) today announced the expiration and results of its previously announced offers to purchase for cash any and all of the U.S. Dollar Denominated, Euro Denominated and GBP Denominated Notes listed on Table I below (the “Notes”), originally issued either by, as applicable, General Electric Capital Corporation (and assumed by GE), or by GE Capital European Funding Unlimited Company (formerly GE Capital European Funding) or GE Capital UK Funding Unlimited Company (formerly GE Capital UK Funding) (collectively, the “Subsidiary Issuers”).

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U.S. Department of Energy Awards Two Advanced Reactor Projects Utilizing the BWRX-300 Small Modular Reactor Design

May 14, 2020
  • GE Research to lead project with Exelon Generation, Oak Ridge National Laboratory, University of Tennessee-Knoxville and GE Hitachi Nuclear Energy to develop Artificial Intelligence-enabled predictive maintenance digital twins.
  • MIT to lead project with GE Research and GE Hitachi to build a digital twin of BWRX-300 critical components.  
  • BWRX-300 SMR will serve as reference design for both projects

WILMINGTON, North Carolina and NISKAYUNA, New York—May 14, 2020—The U.S.

For media inquiries, please contact:

Jon Allen
GE Vernova
+1 910 819 2581
[email protected]
Todd Alhart
Director, Innovation Communications
GE Aerospace
+1 518 338 5880
[email protected]
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