Four TM2500 Aeroderivative Gas Turbines to Produce Reliable Electricity on Short Notice
HOUSTON, TEXAS---December 6, 2010---Responding to severe power shortages in Bangladesh triggered by increased industrial and domestic demand, GE (NYSE: GE) announced it has won a contract to supply the country with four gas turbine rental units that will begin generating commercial power in the first quarter of 2011.
Dual battery system provides cost-effective solution for electrification of buses, delivery trucks, off-highway vehicles and other heavy-duty vehicles
Has potential to reduce battery cost by up to 20%
NISKAYUNA, NY, December 2, 2010 -- The hybrid systems research team at GE Global Research, the company's central technology development arm, announced a significant breakthrough that could help accelerate the electrification of bus fleets, delivery trucks and other larger, heavy-duty vehicle fleets.
WILMINGTON, N.C.---December 1, 2010---GE Hitachi Global Laser Enrichment (GLE), a business venture of GE, Hitachi and Cameco, has appointed Christopher J. Monetta as its new president & CEO, as the company continues developing its next-generation, laser-based uranium enrichment technology.
AUSTIN, TX -- Nov. 23, 2010 -- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it has served as lead arranger of a $150 million senior secured credit facility to enable a private oil and gas exploration company to develop oil and gas wells in east Texas.
Al-Quds Facility Near Baghdad Plays a Key Role in Helping to Meet the Country's Growing Energy Needs
BAGHDAD, IRAQ---November 23, 2010---GE (NYSE: GE) has signed a contract with Iraq's Ministry of Electricity to supply an advanced fuel oil treatment technology, FuelSolv, to help enhance the reliability and productivity of the Al-Quds power plant on the outskirts of Baghdad.
Omotosho Phase 2 to Use Flexible GE Gas Turbine Technology to Alleviate Power Shortages
ABUJA, Nigeria--22 November 2010-- Expanding its energy infrastructure, Nigeria will add four GE (NYSE: GE) gas turbines for the Omotosho Phase 2 Power Plant, located in Ondo State, southwestern Nigeria. By increasing the country's supply of efficient, reliable energy, the project will assist Nigeria in delivering on the country's quest for reliable electric power, alleviating power shortages and reducing the number of blackouts.
Camarillo, Calif. -- November 17, 2010 -- GE Energy Financial Services, a unit of GE (NYSE: GE), has joined an $8 million funding round for CoolPlanetBioFuels, a start-up company developing a technology that converts low-grade biomass into high-grade fuel and carbon that can be sequestered. This venture capital investment was led by North Bridge Venture Partners, which had also led CoolPlanet's financing round last year. Additional financial details were not disclosed. CoolPlanet's research and development facilities are located in Camarillo, CA.
